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<p>[QUOTE="statequarterguy, post: 989265, member: 21782"]Yeah, I understand Doug's point about condition rarity. Yet, your example of the Peace Dollars really cannot be applied to high mintage modern coinage. Not only are the overall Peace Dollar mintages much lower than modern coinage (creating collector interest), it took about a 100 years for the Peace Dollars to realize those prices and I would imagine many still would not be willing to pay those premiums. Let's not forget the mid 80's MS65 Morgan Dollar bubble that burst, causing ignorant "investors" to lose their life savings. As for modern coins, I've stated that in a 100 years maybe huge premiums will be the norm too. But today, for a 2010 cent, with billions made, IMO, the premiums are WAY out of line. Although I never say never, I'd speculate that at no time in history (other than today) have huge premiums been paid for high grade, high mintage current issue coins. And, since there were billions minted, unlike the Peace Dollars, collector interest is low - lots of sellers, but few buyers at today's prices. True, in a 100 years, if not many are found or saved, high grade, high mintage moderns may be worth a lot. But, I doubt anyone paying $4,000 for an ms68 2010 cent will ever recover his/her investment - yes, I mean for eternity. lol[/QUOTE]</p><p><br /></p>
[QUOTE="statequarterguy, post: 989265, member: 21782"]Yeah, I understand Doug's point about condition rarity. Yet, your example of the Peace Dollars really cannot be applied to high mintage modern coinage. Not only are the overall Peace Dollar mintages much lower than modern coinage (creating collector interest), it took about a 100 years for the Peace Dollars to realize those prices and I would imagine many still would not be willing to pay those premiums. Let's not forget the mid 80's MS65 Morgan Dollar bubble that burst, causing ignorant "investors" to lose their life savings. As for modern coins, I've stated that in a 100 years maybe huge premiums will be the norm too. But today, for a 2010 cent, with billions made, IMO, the premiums are WAY out of line. Although I never say never, I'd speculate that at no time in history (other than today) have huge premiums been paid for high grade, high mintage current issue coins. And, since there were billions minted, unlike the Peace Dollars, collector interest is low - lots of sellers, but few buyers at today's prices. True, in a 100 years, if not many are found or saved, high grade, high mintage moderns may be worth a lot. But, I doubt anyone paying $4,000 for an ms68 2010 cent will ever recover his/her investment - yes, I mean for eternity. lol[/QUOTE]
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