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Is it time to focus on clad coinage?
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<p>[QUOTE="cladking, post: 1259625, member: 68"]It's really not just clads but all modern coins; all coins minted after 1964. A lot of people today who are advanced collectors still have a bad taste in their mouth from the way the mint and government treated modern collectors in 1964. Government actions crashed the modern markets which were sure to come down eventually anyway since it was tulip bulb market. A 1959 bag of nickels was going for more than $1000 which was just a huge premium and such coins simply crashed. The premium was enough to by a VW car. </p><p><br /></p><p>When clad was introduced they took the brunt of the criticism and some of it was fully justified. The new coins were ugly, debased, and made in huge numbers. The government was intentionally trying to fool the public into thinking no change had occurred and most didn't even notice. 25c was still real money but the new quarter didn't even have 2c worth of metal in it. Collectors felt cheated everytime they got change. To make matters worse this garbage token money was chasing good silver out of circulation. </p><p><br /></p><p>This is still the mindset of many hobby leaders though attitudes have been changing finally after many decades. Some people are never going to consider any modern to even be a true coin. Seen from this perspective it's not hard to see why they cringe just hearing that somweone wants to collect such coins.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1259625, member: 68"]It's really not just clads but all modern coins; all coins minted after 1964. A lot of people today who are advanced collectors still have a bad taste in their mouth from the way the mint and government treated modern collectors in 1964. Government actions crashed the modern markets which were sure to come down eventually anyway since it was tulip bulb market. A 1959 bag of nickels was going for more than $1000 which was just a huge premium and such coins simply crashed. The premium was enough to by a VW car. When clad was introduced they took the brunt of the criticism and some of it was fully justified. The new coins were ugly, debased, and made in huge numbers. The government was intentionally trying to fool the public into thinking no change had occurred and most didn't even notice. 25c was still real money but the new quarter didn't even have 2c worth of metal in it. Collectors felt cheated everytime they got change. To make matters worse this garbage token money was chasing good silver out of circulation. This is still the mindset of many hobby leaders though attitudes have been changing finally after many decades. Some people are never going to consider any modern to even be a true coin. Seen from this perspective it's not hard to see why they cringe just hearing that somweone wants to collect such coins.[/QUOTE]
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