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<p>[QUOTE="cladking, post: 12879, member: 68"]quote--</p><p>"Well, to me the modern MS-68/69 craze, paying hundreds of dollars for premium examples of exceedingly common coins, is an example of the Greater Fool Theory. Nevertheless, these prices are set by the market and what people will pay. Dealers wouldn't be selling these items for (say) $200 even as MS-64 and MS-65 examples could be found for a couple of bucks if people weren't willing to outbid each other for them."</p><p><br /></p><p>I believe you're missing the point entirely. All high grade coins are hot and in many cases they needn't be the very highest. High grade coins are hot because collectors have been focusing on choice coins and upgrades for the last couple generations. The internet and grading services have identified these coins and brought them into our homes making them readily available to the swelling population of collectors. It is far easier to find a very high grade '09-S vdb cent than it is to find a comparably graded '72-D cent (at least with a full strike and available for sale). '68 cents virtually all have carbon spots in the mint sets, are there going to be ANY well struck gems in rolls which are unaffected? People are collecting these coins now and do desire nice coins. As the numbers of collectors increases there should be many surprises among the lower grade coins too! The clad coins simply weren't saved at all and the years have been extremely hard on all the moderns which simply had no value until recently. They were not saved, they were not set aside or protected, they have withered away in circulation and the tiny demand for higher grade examples has swamped the even tinier supply. </p><p>You can still buy a '72 mint set which might have a really great gem for $4 or $5. Most collectors though find it far more cost effective to buy the gem already slabbed on the market. </p><p><br /></p><p>As GDJMSP said, age does not equate to value. In the long run all the rare moderns whether by grade or mintage will likely have similar prices to the older coins. Obviously demand will be the deciding factor.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 12879, member: 68"]quote-- "Well, to me the modern MS-68/69 craze, paying hundreds of dollars for premium examples of exceedingly common coins, is an example of the Greater Fool Theory. Nevertheless, these prices are set by the market and what people will pay. Dealers wouldn't be selling these items for (say) $200 even as MS-64 and MS-65 examples could be found for a couple of bucks if people weren't willing to outbid each other for them." I believe you're missing the point entirely. All high grade coins are hot and in many cases they needn't be the very highest. High grade coins are hot because collectors have been focusing on choice coins and upgrades for the last couple generations. The internet and grading services have identified these coins and brought them into our homes making them readily available to the swelling population of collectors. It is far easier to find a very high grade '09-S vdb cent than it is to find a comparably graded '72-D cent (at least with a full strike and available for sale). '68 cents virtually all have carbon spots in the mint sets, are there going to be ANY well struck gems in rolls which are unaffected? People are collecting these coins now and do desire nice coins. As the numbers of collectors increases there should be many surprises among the lower grade coins too! The clad coins simply weren't saved at all and the years have been extremely hard on all the moderns which simply had no value until recently. They were not saved, they were not set aside or protected, they have withered away in circulation and the tiny demand for higher grade examples has swamped the even tinier supply. You can still buy a '72 mint set which might have a really great gem for $4 or $5. Most collectors though find it far more cost effective to buy the gem already slabbed on the market. As GDJMSP said, age does not equate to value. In the long run all the rare moderns whether by grade or mintage will likely have similar prices to the older coins. Obviously demand will be the deciding factor.[/QUOTE]
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