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newbie question #3457 - modern coins
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<p>[QUOTE="cladking, post: 176732, member: 68"]I think the modern age starts with the introduction of all base-metal coinage so it varies from one country to another. It isn't the fact that there's no silver which causes the need for a new term for the era, it's the fact that in almost every single case collectors simply quit saving the coins. Millions and millions of coins were saved up until 1965 by hoarders, speculators, dealers and collectors. After this very very few coins were saved, and more importantly, people didn't collect the coins. When you see old time collections they usually end right at 1964 or 1965 even for the cents and nickels which were essentially unchanged from previous issues. The government and the mint had taken many steps to discourage collectors and they worked. </p><p><br /></p><p>This is about the same story in every country though in most places it happened years earlier. This started after the war and becanme extremely pronounced in 1950 so world coins might be considered modern after 1950 and US in 1964. </p><p><br /></p><p>With the introduction of the states quarters and the Euro people all over the world have gotten interested in coins again. But, more importantly, they are collecting them again and setting them aside for the future. This necessitates the use of the term "ultramodern" to differentiate these from the older coins. This varies a little from country to country as well.</p><p><br /></p><p>There are many millions of people in the world collecting ultramoderns and this demand is pushing many of the less available or more desirable coins to previously unimaginable heights. A few of these collectors also seek the older moderns which is pushing them higher as well. This is the next generation of collectors.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 176732, member: 68"]I think the modern age starts with the introduction of all base-metal coinage so it varies from one country to another. It isn't the fact that there's no silver which causes the need for a new term for the era, it's the fact that in almost every single case collectors simply quit saving the coins. Millions and millions of coins were saved up until 1965 by hoarders, speculators, dealers and collectors. After this very very few coins were saved, and more importantly, people didn't collect the coins. When you see old time collections they usually end right at 1964 or 1965 even for the cents and nickels which were essentially unchanged from previous issues. The government and the mint had taken many steps to discourage collectors and they worked. This is about the same story in every country though in most places it happened years earlier. This started after the war and becanme extremely pronounced in 1950 so world coins might be considered modern after 1950 and US in 1964. With the introduction of the states quarters and the Euro people all over the world have gotten interested in coins again. But, more importantly, they are collecting them again and setting them aside for the future. This necessitates the use of the term "ultramodern" to differentiate these from the older coins. This varies a little from country to country as well. There are many millions of people in the world collecting ultramoderns and this demand is pushing many of the less available or more desirable coins to previously unimaginable heights. A few of these collectors also seek the older moderns which is pushing them higher as well. This is the next generation of collectors.[/QUOTE]
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newbie question #3457 - modern coins
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