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Is a "cash-less" society pushing us toward lower mintage coins?
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<p>[QUOTE="mikenoodle, post: 936589, member: 307"]The response was due to the fact that neither I nor a couple of other people I asked could figure out what the heck you were saying.</p><p><br /></p><p>I am talking about working coinage and the mintages of them. I never mentioned collectors. Now, I admit that the issues in places are a bit intertwined. The minting of Kennedy halves, Sac dollars and Presidential dollars, commemorative Lincoln cents in 2009, and Jefferson nickels in 2004 and 2005 sold directly to collectors from the Mint has largely been done with the collecting community (and a nice profit) in mind. Save for the Jeffersons and Lincolns, these coins might have no mintage at all if not for the direct to collector sales. I think that these coins fit more into the category of Mint Set satin finish coins; they are largely made with collectors in mind, a "special" coin if you will, and the government could make them until the cows come home. </p><p><br /></p><p>The mintages I refer to in the OP are for circulating coins. </p><p><br /></p><p>People used to be satisfied with collecting from their pocket change and the coins they collected were the ones intended for commerce. No extra mintages for collectors, coins were minted strictly with bank orders in mind. You couldn't find a 1916-D Merc dime because they just didn't make many, but it was possible that you could find it in your next change of a dollar.</p><p><br /></p><p>This is the roots of coin collecting. The old fashioned doesn't cost you anything over face type of collecting that seems to be long lost on much of the coin community. Too much focus on value and investment. Although condition was always the thing that collectors prized in their coins, the idea of value was that you were proud to have found a coin at face and that if someone wanted it from you that you could make a profit. It was a badge of honor. </p><p><br /></p><p>Today's collecting focuses much more on value, price paid, price sold for and thanks to the internet, being able to find just about any coin in very high grade to assemble dream sets of the very finest coins known for a particular type. </p><p><br /></p><p>I am always trying to re-kindle the idea that coins can still be collected from your change. that it can be done for fun and not profit. that you can enjoy this hobby without having to spend 1 dime, you merely have to save one.[/QUOTE]</p><p><br /></p>
[QUOTE="mikenoodle, post: 936589, member: 307"]The response was due to the fact that neither I nor a couple of other people I asked could figure out what the heck you were saying. I am talking about working coinage and the mintages of them. I never mentioned collectors. Now, I admit that the issues in places are a bit intertwined. The minting of Kennedy halves, Sac dollars and Presidential dollars, commemorative Lincoln cents in 2009, and Jefferson nickels in 2004 and 2005 sold directly to collectors from the Mint has largely been done with the collecting community (and a nice profit) in mind. Save for the Jeffersons and Lincolns, these coins might have no mintage at all if not for the direct to collector sales. I think that these coins fit more into the category of Mint Set satin finish coins; they are largely made with collectors in mind, a "special" coin if you will, and the government could make them until the cows come home. The mintages I refer to in the OP are for circulating coins. People used to be satisfied with collecting from their pocket change and the coins they collected were the ones intended for commerce. No extra mintages for collectors, coins were minted strictly with bank orders in mind. You couldn't find a 1916-D Merc dime because they just didn't make many, but it was possible that you could find it in your next change of a dollar. This is the roots of coin collecting. The old fashioned doesn't cost you anything over face type of collecting that seems to be long lost on much of the coin community. Too much focus on value and investment. Although condition was always the thing that collectors prized in their coins, the idea of value was that you were proud to have found a coin at face and that if someone wanted it from you that you could make a profit. It was a badge of honor. Today's collecting focuses much more on value, price paid, price sold for and thanks to the internet, being able to find just about any coin in very high grade to assemble dream sets of the very finest coins known for a particular type. I am always trying to re-kindle the idea that coins can still be collected from your change. that it can be done for fun and not profit. that you can enjoy this hobby without having to spend 1 dime, you merely have to save one.[/QUOTE]
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