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<p>[QUOTE="cladking, post: 1522059, member: 68"]I think many people might be putting too much emphasis on a term like "conditional rarity". Sure a 1982-P quarter could hardly be more common in VF. There are still hundreds of millions in circulation and even a few XF's and AU's but try finding a 1969 quarter in VF. In fact try finding any nicely made 1969 quarter above F condition. There are a couple million in circulation that no one is looking for because they're too smart and there are a few still in mint sets but no one ever noticed that most of the mint set quarters looked like junk the day they were made and now they're corroded. Nice attractive MS-63 and better coins are already somewhat elusive and that's with almost nobody at all collecting them. What would happen if millions of people decided they wanted a collection of all the quarters in circulation instead of only the post-'98 issues? It hardly stops here though since there are countless varieties that are rare in grades over VF and none too common even in worn out condition. </p><p><br /></p><p>Each year that goes by there are fewer and fewer of the old coins and those left are in worse and worse condition. It's not that there is a large supply that makes the price so low, it's the fact that there is no demand at all. </p><p><br /></p><p>For many years you couldn't give a 1954 Indian proof set away. They'd sit in dealer inventory until he got tired of them and cut them up to sell by the pound. They were never common just shunned because they were base metal modern junk. Now they are worth $2,750. Everyone tells me to sell but I know how tough these are. I've found a few singles in junk boxes and have only a single set. Why sell? The banks pay .015% interest and this thing increases about 1000% annually. Our economy continues under pressure due to lack of competition and government activities while the Indian economy continues to grow. </p><p><br /></p><p>US moderns will have their day someday. It might be many years from now but, I believe, it's already at least three decades overdue. Maybe when things recover people will begin to wake up to how tough most of these coins really are if you want a complete collection in nice attractive condition.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1522059, member: 68"]I think many people might be putting too much emphasis on a term like "conditional rarity". Sure a 1982-P quarter could hardly be more common in VF. There are still hundreds of millions in circulation and even a few XF's and AU's but try finding a 1969 quarter in VF. In fact try finding any nicely made 1969 quarter above F condition. There are a couple million in circulation that no one is looking for because they're too smart and there are a few still in mint sets but no one ever noticed that most of the mint set quarters looked like junk the day they were made and now they're corroded. Nice attractive MS-63 and better coins are already somewhat elusive and that's with almost nobody at all collecting them. What would happen if millions of people decided they wanted a collection of all the quarters in circulation instead of only the post-'98 issues? It hardly stops here though since there are countless varieties that are rare in grades over VF and none too common even in worn out condition. Each year that goes by there are fewer and fewer of the old coins and those left are in worse and worse condition. It's not that there is a large supply that makes the price so low, it's the fact that there is no demand at all. For many years you couldn't give a 1954 Indian proof set away. They'd sit in dealer inventory until he got tired of them and cut them up to sell by the pound. They were never common just shunned because they were base metal modern junk. Now they are worth $2,750. Everyone tells me to sell but I know how tough these are. I've found a few singles in junk boxes and have only a single set. Why sell? The banks pay .015% interest and this thing increases about 1000% annually. Our economy continues under pressure due to lack of competition and government activities while the Indian economy continues to grow. US moderns will have their day someday. It might be many years from now but, I believe, it's already at least three decades overdue. Maybe when things recover people will begin to wake up to how tough most of these coins really are if you want a complete collection in nice attractive condition.[/QUOTE]
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