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Interesting Article on the Cutoff of Modern and Classic US Coinage
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<p>[QUOTE="cladking, post: 1889955, member: 68"]I disagree with the second part of the article as strongly as I disagree with the first part. </p><p> </p><p>The big change in 1933 that made the older coins valuable today is the great depression. There were some coins saved in the '20's but when the depression hit most had to be spent for day to day expenses. The popularity of collecting soared in the depression and those who had money began to set aside more coins but the older coinswere already gone and there was less interest in saving things like XF/ AU '26-S nickels from circulation.</p><p> </p><p>Modern bashers love the 1933 date because it fits so well into their version of reality that only low mintage coins and low mintafge coins in high grade are collectable. Only coins made before 1933 are collectable. Still they have no problem with something like collecting 1883 one cent coins despite a mintage of 46 million. It's old and desirable but a 1969 quarter is modern junk. </p><p> </p><p>Ages of coins are important to some collectors and these people should collect old coins. But there's nothing wrong with 1938-D half dollars nor with 1986 cents. </p><p> </p><p>I often wonder if these folks collect only the two or three scarcest date bust half dollars and consider the rest "too common". Or if their collection of indian cents includes only the 1877 and 1909-S.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1889955, member: 68"]I disagree with the second part of the article as strongly as I disagree with the first part. The big change in 1933 that made the older coins valuable today is the great depression. There were some coins saved in the '20's but when the depression hit most had to be spent for day to day expenses. The popularity of collecting soared in the depression and those who had money began to set aside more coins but the older coinswere already gone and there was less interest in saving things like XF/ AU '26-S nickels from circulation. Modern bashers love the 1933 date because it fits so well into their version of reality that only low mintage coins and low mintafge coins in high grade are collectable. Only coins made before 1933 are collectable. Still they have no problem with something like collecting 1883 one cent coins despite a mintage of 46 million. It's old and desirable but a 1969 quarter is modern junk. Ages of coins are important to some collectors and these people should collect old coins. But there's nothing wrong with 1938-D half dollars nor with 1986 cents. I often wonder if these folks collect only the two or three scarcest date bust half dollars and consider the rest "too common". Or if their collection of indian cents includes only the 1877 and 1909-S.[/QUOTE]
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