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Interesting Article on the Cutoff of Modern and Classic US Coinage
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<p>[QUOTE="GDJMSP, post: 1889844, member: 112"]The idea that large numbers of high grade more modern coins exist in - rolls, bags, or even loose assortment - private hands is an old argument, one that has existed for decades. But the basis for the argument, the very idea, is rooted in history. People of the current time period, whenever that time period was, have always thought that the coins of today (their today) were too common to be worth collecting simply because there were so many of them available, at that time.</p><p><br /></p><p>But what history has proven to us over and over again is that the very idea is basically false. There are not scads and scads of high grade (defined as over MS65) business strike coins sitting in bags, rolls, albums, or anyplace else simply because they never existed in large numbers to begin with. The very nature of the minting and distribution process for business strike coins precludes their existence.</p><p><br /></p><p>But, the idea is pervasive and people will believe what they want to believe. And nothing that anybody says will ever change their minds.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1889844, member: 112"]The idea that large numbers of high grade more modern coins exist in - rolls, bags, or even loose assortment - private hands is an old argument, one that has existed for decades. But the basis for the argument, the very idea, is rooted in history. People of the current time period, whenever that time period was, have always thought that the coins of today (their today) were too common to be worth collecting simply because there were so many of them available, at that time. But what history has proven to us over and over again is that the very idea is basically false. There are not scads and scads of high grade (defined as over MS65) business strike coins sitting in bags, rolls, albums, or anyplace else simply because they never existed in large numbers to begin with. The very nature of the minting and distribution process for business strike coins precludes their existence. But, the idea is pervasive and people will believe what they want to believe. And nothing that anybody says will ever change their minds.[/QUOTE]
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Interesting Article on the Cutoff of Modern and Classic US Coinage
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