is this a new trend nowadays?...

Lehigh...i don't know, maybe b/c the grey sheet never went beyond MS67, so in my mind a 67 is the perfect coin,but like i said in couple of my previous post...i been out of touch with the coin market for the past 11 yrs. i still remember submitting my raw coins to PCGS when they were first born.

 

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I agree whole heartedly. Trust me those selling MS 69 and MS70 modern coins are making a lot more than most buyers of these coins will ever realize. Not a great investment, unless you're the one submitting them en masse, and selling them to the public.

 

The OP is talking about modern coinage.

 

I know of one guy who buys a lot of mods from the USM, slabs them with PCGS, then blows them out on the Bay hoping to make money to make from the 70's. A sort of hobby within a hobby.

 

Oh no, actually the trend to bash anything modern has been reversing for the past dozen years. And why not? People will pay tens or hundreds of thousands of dollars extra for a morgan dollar just because it's exceptional despite the facts that morgan dollars tend to be extremely common in high grade and they are ugly designs. I'd be inclined to pay more for really bad morgans since the design is at least partially obliterated and I don't have to look at it but the market is the market and beauty is in the eye of the beholder.

At least with moderns they are rare in high grade so there is some justification for paying higher prices.

It might seem like anyone stupid enough to buy moderns would also be stupid enough to pay more for lower grades but it works the same way as morgan dollars. ...Except, of course, the moderns tend to be much scarcer.

 

It is because of people like this. Click video and monitor blood pressure - puke

https://www.shopnumis.com/coin_videos.asp

 

"Today the pops for high grade nmoderns are growing at an exponential rate as compared to what they were 5 years ago."

You mean more are being graded as high grade or you think there are just more turning up?

 

If you can't condemn MS68 and MS69 grades in classic coinage, how could you possibly condemn them in relation to modern coinage. The problem with MS69 & MS70 is not whether or not they exist, they do. The problem is whether or not the TPG can consistently differentiate between the two.

 

LOL!! yes,so rare that the mint is still cranking them out everyday. and as for Morgans at least we know they aren't making anymore MS99 tomorrow.

 

This is about the same answer for GDJMSP so will kind of combine them.

The mint is not cranking out 1969 quarters or 1976 Ikes any longer. They aren't even making 2005 cents and if you want any of these coins then you have to go out and look for it. Not only are there few out there in some cases but those that are are junk. The populations of high grade morgans still simply swamps the populations of high grade Ikes and this will never change because there are millions of high grade morgans and very very few high grade Ikes.

 

Just because Morgans are common in high grade it has ne bearing on barber coins which can be quite scarce in nice condition. The same applies to moderns; no matter how many 2010 eagles are slabbed in 70 it is irrelevent to the supply of 1970-S six step nickels.

 

Don't take this the wrong way, but you're kind of comparing apples to oranges. We all know Ikes were minted for circulation and collection sets from 71-78; compared to Morgans minted from 1878 - 1904, and a portion of 1921.

 

OK, let's put it this way then;

Of the thirty or forty most common morgan/ Ike dollars in high grade they are all morgans.

Of the fifteen or twenty most common morgan/ Ike dollars in unc all are morgans except the '76 and '76-D Ikes.

But even the common morgans tend to sell for moree than the scarce Ikes because there is more demand for the morgans.

 

the modern coin collectors will be in for an "rude awakening" if or when they want to sell their MS70 coins, w/o Ebay these coins wouldn't be in a slab.

btw; i've never seen a MS or PR 70 coin IRL.

 

wow what happened to you?

i am overjoyed to read your posts. very entertaining and logical.

 

I hope this does not come across the wrong way, however, the hype began back in 1986 or shortly thereafter if I am not mistaken, PCGS came onto/into the market. The hype as you put it will unlikely dissapear as it has embedded itself stronger within all branches of Numismatics.
Your choice is either to participate in it or go the other way..again it's your choice. The TPGs at least the top rated ones are here to stay in my opinion like it or not.

Personal choice is and always has been a driving force in markets.

RickieB

 

exactly,plus they want to keep everybody happy so they'll submitt more coins.

 

Most dealers don't want to have anything to do with moderns and will only make lowball offers for them. This is because this is a niche market and the dealer doesn't have lots of customers beating down his door to buy them. They aren't familiar nwith moderns and wouldn't know how much to offer anyway.

Ask yourself one question; How in the world is it possible the US coins became a niche market in the US?