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<p>[QUOTE="johnmilton, post: 24691003, member: 101855"]It's all about being #1 on the NGC modern coin registry.</p><p><br /></p><p>I was bitten by the bug for a little while. I could never see the logic in the ultra high grade modern coins, but I gave it a shot on the older material.</p><p><br /></p><p>With older material, I was up against guys who have far more resources than I have. I could "sneak up on them" with a big purchase, like the year I completed my gold type set with a 1796 quarter eagle. I was #1 for a year for the complete U.S. gold type set from 1795 to 1933. But I couldn't stay ahead, because they can outspend me many times over. Now they are beating me with old Proof gold coins, with mintages of 20 a year, which cost $50,000 and much more.</p><p><br /></p><p>With the modern stuff, you can play the game if you are willing to pay $4,700 for a 1964 Kennedy Half Dollar. I'm not, and here are plenty of other collectors on my level who feel the same way.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 24691003, member: 101855"]It's all about being #1 on the NGC modern coin registry. I was bitten by the bug for a little while. I could never see the logic in the ultra high grade modern coins, but I gave it a shot on the older material. With older material, I was up against guys who have far more resources than I have. I could "sneak up on them" with a big purchase, like the year I completed my gold type set with a 1796 quarter eagle. I was #1 for a year for the complete U.S. gold type set from 1795 to 1933. But I couldn't stay ahead, because they can outspend me many times over. Now they are beating me with old Proof gold coins, with mintages of 20 a year, which cost $50,000 and much more. With the modern stuff, you can play the game if you are willing to pay $4,700 for a 1964 Kennedy Half Dollar. I'm not, and here are plenty of other collectors on my level who feel the same way.[/QUOTE]
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