Mordern Coins to Future Key Dates

True, which is why myself, as well as a few others are pushing Whitman to include holes for them. Yet in today's market a hole is less important than it once was. No folders include holes for proofs and some albums have proof holes and some don't. I personally prefer to keep my proofs in OGP.

 

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I thought SMS were only made 1965-67? I thought 1964 had proof sets.

But, its a question for SQD related to above. The 1965 SMS quarter is different than the 1965 business strike. How much demand for these are there? I believe it will be similar to the mint sets you are describing in my opinion.

 

Well, sorta. The satins are more "distinct" than the 60' SMS's and have much lower mintages - 745K 2008 Satins and over 2M for most of the 60's SMS's.

As for the 64 SMS, there's only a few of them, they weren't supposed to be made and only exist because of some "shenanigans" at the Mint. Even though they command "moon" prices, I personally don't believe they should be collected (or respected), as they are probably illegal and allowed, as other similar coins have, the perpetrators to profit illegally.

 

Fair enough sir.

Btw, I only challenge people's thoughts to get them to think the entire issue through. My only intent in this is to get you to look at all sides, to make sure you still believe how you believe.

Having said that, I would also look at putting away bank rolls from the same years, since if people will want both examples, I feel that lack of business strikes from mint sets will also put upward pressure on bank rolls from the same years, just like 82-83.

Chris

 

True, and I do for some rolls. But, probably too many are putting away these rolls, since I do. lol The goal, if I had the time is to sort through them and only save the higher grades.

 

Where did you get this information? As far as I can tell, few people were saving coins in 1931 and the fad of coin boards didn't kick in until the mid 1930's. PCGS show's a population of 2,239 Red, 1,217 RB and 1753 BN 1931-S, and for 1909-S VDB the population is 7666 Red, 2998 RB and 1968 BN. So the population figures for 1931-S doesn't seem to show any significant hoarding.

 

I've always been confused about 1964 SMS, too. According to the CW article, there were an estimated 15-50 1964 SMS produced, but there doesn't seem to be any US Mint records of any being produced. They have a clearly distinctive strike from the business strike equivalents, but without the polished proof finish. Some think they may have been presentation sets, possibly given by then Mint Director Eva Adams and that they may have been produced anytime between 1964 and 1966. An MS-67 1964 SMS Kennedy Half sold for $16,100 in January 2010. I doubt I'll ever see one...not in my 7-11 change, anyway.

 

The 31-s cents were recognized immediately as a key and were pulled from circulation. One speculator acquired half the mintage in bu condition, thus the relatively low price for a bu example. TPG'er pop reports mean very little for many issues.

 

Why is 2008 the key date for satins? Weren't 2009 and 2010 lower mintage than 2008?

 

I'm sorry but I do not agree with you about this. Please show me where you got this information. This must be in print somewhere.

 

It's been in print many times. I'll check when I have time, but if you want, Google it and you should find it easily.

 

2009's have slightly higher mintages than the 2008's, but may do even better than the 2008's due to their uniqueness. The 2010's are still for sale, but looks like they will come in lower than the 2008's, but the 2010 is a Shield cent and may be the key for the Shield Cents. The 2008's are the lowest mintages for the Lincoln Memorial Cents that ended in 2008.

Just a note: The 2012 Red Book mintages are not correct. Google sales of these mint sets if you want the correct numbers.

 

I did and nothing. Hence the reason I do not believe 1931-S's were kept in any large hoards. There was a guy who bought $2,000 worth at the time but that was just one guy. So no, I do not believe it was hoarded by collectors at large, just this one guy who we can thank for delivering an abundance of higher graded 31-S's but that's about it.

 

Actually, the more I look into it, it appears it was due to speculators who obtained the 31-S's directly from the mint. These speculators, including a San Fran coin dealer, then published data on how low their mintages were and began selling them. So I suppose it sorta qualifies as a hoard, however it was back in the wild days of commemorative speculation and lots of dirty tricks were taking place.

 

What about the 2009 Silver proof Roosie? I've got one of those in PR 70

 

That would be the Scharlack Hoard - so, a $2,000 purchase would be about 25% of the mintage. The other 75% was pulled from circulation in 1932 by others.

http://www.valuable-coin-stories.com/1931-S.html

 

I like all the 1992 to date silver proofs too, although it would be nice to pick them up when silver is low, since they are affected greatly by silver price. Even so, they should someday be worth more even if silver is low, but I wouldn't pay a huge premium for a PR70.

 

This thread is in desperate need of cladking

 

It's not like I haven't been watching it.

It's hard to stay ontopic of just the past ten years though. Though there are probably lots of winners from the past ten years but it takes time to tell survivorship. It's tough to predict future demand so low mintages might not be a sign of a sure winner. Any of the low mintages and apparently low survivorship coins are definite candidates though.

If you look farther back then it's easier to predict coins that will be winners because they have some track record. Of course many of these are still waiting for a little demand to develope to have much effect on their prices. Some highly desirable coins like the '82-NMM dimes still exist in hoards that will put off increases until the hoards have all been sold.

I really like the coins that are in the "sweet spot" of the grading scale. Sure the pop tops get all the attention and big increases but that's because demand is still very small and there's ample supply of coins that are "merely" gem. Among my favorites are cents from '69, '75, 79-D, & '84-D, in nice attractive chUnc. This means near gem. The amount of demand for something like an attractive '84-D penny is staggering but the supply is severly constrained. In nickels almost everything in near gem or full blazing gem without full steps is remarkably underpriced. Most nickels that are clean AND well stuck are quite scarce. I like the '68 DDO dime. This is fairly common but a lot of people will want at least one example of a modern DDO and this coin is available. Since it can be found in mint sets it makes it more desirable and more attainable. Most of the clad dimes aren't very tough in gem but this is the sweet spot for these; gem. As few as 2% of some dime dates in the mint sets are gem so lots of collectors chasing 2% of surviving mint set mintage could have a major impact. Most clad dimes are probably scarcer in unc than the '50-D nickel and only 5 to 10 percent are gemmy. Only 2 to 5 percent are gem. Quarters are my favorite and always have been but they are no longer runaway favorites. The survivrship of these is very poor and the quality tends to be lower as well. There are numerous varieties though most are too rare to get mass appeal. There are some that will be highly attractive because they can still be found in circulation and once everyone is looking hundreds of G, VG and F examples will start being found. Higher grades will be rare and these lower grades will not be at all common. It makes an interesting situation where there are no mid-grades and this will raise their appeal as well. I'm not crazy about Kennedys except in very high grades and with clean shields on the reverse. These are a little tougher than quarters in high grade so if the demand ever comes around the price could go high. Ikes are great in the sweet spot and most Ikes have one. My favorite is a nice chUnc+ 1976 type I. It doesn't even have to be near gem, just a nice attractive coin. Another that is overlooked is the 1974 with nice attractive surfaces. These come beat up in rolls and mint set coins usually have unattractive surfaces. PL's of this date are very rare (if they exist). Nice MS-64 coins are needed here. All the '71 and '72 Ikes are elusive in nice attractive unc. The '78-D comes really nice so the fairly "common" MS-65's get overlooked. the '79-S SBA in gem is underappreciated.

Don't forget the proofs. It might or might not be a good idea to look at these but they are beautiful coins. And they are pretty cheap. I don't think it can hurt to set aside a few sets with nice choice coins especially of dates where the uncs are bad like 1982. Commems are tougher to figure as are the eagles and various special issues. I don't want to worry about set premiums but for those who are it might be a good idea to set aside things like early souvenir sets or '81 SBA sets. Early prestige sets are just about free. Silver proof sets are getting melted like there's no tomorrow but there probably will be. Don't assume all the states coins are going to be junk. There are millions of collectors and they aren't going to stop just because the series did. The coins in circulation might attract new collectors who aren't even born yet or the children of those yet unborn. You can't just go out and buy a few dozen nice choice WY quarters that aren't SF. Most collectors don't have nice examples of many of these and when they go to upgrade the supply could be long gone.

Coin collecting has always been a lot of fun and one of the biggest parts of the fun is with new issues but this went way out of style in 1965. I still believe it is going to come back. People are going to start saving brand new coin again for future collectors and they are going to collect the copins that have been used in commerce since 1965.

 

Cladking, you mentioned something about the state quarters and how demand isn't going to stop just because the series did. Last summer I went to the bank and picked up a couple rolls of quarters, one was all VA state quarters and one was all FL state quarters. Unfortunately i opened the VA roll, I did save the 15 that I thought were the best though. I still have the FL roll unopened. I'm hoping that the value of those will go up in the years to come.