Message:

<p>[QUOTE=&quot;cladking, post: 3722486, member: 68&quot;]Yes.&nbsp; </p><p><br /></p><p>A lot of coins like this end up in the hands of dealers when the heirs bring them into the shop.&nbsp; Usually they are forced to buy them in a &quot;all or nothing deal&quot; and then they go into the till or hauled away to the banks.&nbsp; This is part of the reason that attrition on moderns has been so staggeringly high over the decades.&nbsp; A lot of moderns have no value or is so limited dealers don&#039;t want to deal with them.&nbsp; </p><p><br /></p><p>It&#039;s not just that these coins are unloved it&#039;s that there is actual disdain for them.&nbsp; This leaves a large part of the total supply in the hands of beginners and less sophisticated collectors so even collections of moderns tend to have a high attrition rate.&nbsp; To put this in perspective everyone &quot;knows&quot; BU Ikes are distressingly common and there&#039;s no demand for them anyway but what people don&#039;t realize is that the wholesale price of a BU roll of common date Ikes has crept up $60 in the last couple years.&nbsp; Even though there is no demand the supply is even thinner.&nbsp; </p><p><br /></p><p>Still Ike attrition is astronomical.&nbsp; The coins are suffering from improper storage (they must be removed from mint sets) and the tendency to be unceremoniously hauled off to the bank when the owner passes on.&nbsp; While far more common Morgans sit safely in safety deposit boxes and vaults, Ikes are exposed to the same forces that destroy everything made by man over time.&nbsp; Meanwhile moderns that are even scarcer than Ikes and have higher attrition are selling for nothing at wholesale because there is no market at all.&nbsp; </p><p><br /></p><p>Obviously there are still &quot;lots&quot; of BU bicentennial quarters and we can tell because it&#039;s still common to see a BU in circulation.&nbsp;&nbsp; I hardly go a year without seeing one or two.&nbsp; The irony is these have a little stronger wholesale price since there is more demand for them.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in