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<p>[QUOTE="cladking, post: 1256129, member: 68"]I don't understand why collectors ever stopped collecting modern coins back in 1965. Even though I myself did the exact same thing. The government did everything in their power to discourage collecting and it was a terrible time to be a collector. First they announced a date freeze for silver and all 1964 coins but within only several weeks the coinage act of 1965 was passed and their was a 1965 date freeze as well. Silver coins were still being produced with a 1964 date but all clads forever were going to have a 1965 date. These actions crashed the modern coin market of the era and left a bad taste in many peoples' mouths. Coins they expected to climb to the moon were suddenly worth only face value. </p><p><br /></p><p>To further punish collectors both mint and proof sets were discontinued indefinitely and mint marks were removed from coins. Still tghis wasn't enough and a politician from Utah introduced a bill in the house that would make all modern coin collecting illegal. This Bible bill failed to pass largely because there was no more modern coin collecting. Only a handful of collectors were active in the early years of clad. The most well known of these were Yeoman, Pittman, and Hicks. </p><p><br /></p><p>It was years before I got interested in these coins. Sure, I watched them closely each year as a student of statics, circulation, and wear and I even celebrated the return of dates nd mint marks but had no interest in starting a collection. This was largely because these coins were made in virtually "infinite" quantity and the FED had the disconcerting habit of losing large quanties of brand new coin. In 1972 they were stil releasing brand new 1965 quarters and were releasing new '69-D dimes until 1975. I saw a story in the paper that the mint and FED were switching to FIFO accounting which entailed swapping out the oldest coins in storage first so I started collecting them. </p><p><br /></p><p>I lost seven years that I should have been collecting and missed several important varieties. </p><p><br /></p><p>But better late than never.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1256129, member: 68"]I don't understand why collectors ever stopped collecting modern coins back in 1965. Even though I myself did the exact same thing. The government did everything in their power to discourage collecting and it was a terrible time to be a collector. First they announced a date freeze for silver and all 1964 coins but within only several weeks the coinage act of 1965 was passed and their was a 1965 date freeze as well. Silver coins were still being produced with a 1964 date but all clads forever were going to have a 1965 date. These actions crashed the modern coin market of the era and left a bad taste in many peoples' mouths. Coins they expected to climb to the moon were suddenly worth only face value. To further punish collectors both mint and proof sets were discontinued indefinitely and mint marks were removed from coins. Still tghis wasn't enough and a politician from Utah introduced a bill in the house that would make all modern coin collecting illegal. This Bible bill failed to pass largely because there was no more modern coin collecting. Only a handful of collectors were active in the early years of clad. The most well known of these were Yeoman, Pittman, and Hicks. It was years before I got interested in these coins. Sure, I watched them closely each year as a student of statics, circulation, and wear and I even celebrated the return of dates nd mint marks but had no interest in starting a collection. This was largely because these coins were made in virtually "infinite" quantity and the FED had the disconcerting habit of losing large quanties of brand new coin. In 1972 they were stil releasing brand new 1965 quarters and were releasing new '69-D dimes until 1975. I saw a story in the paper that the mint and FED were switching to FIFO accounting which entailed swapping out the oldest coins in storage first so I started collecting them. I lost seven years that I should have been collecting and missed several important varieties. But better late than never.[/QUOTE]
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