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<p>[QUOTE=&quot;Beefer518, post: 2900628, member: 87737&quot;]I have to agree with [USER=23778]@sakata[/USER] , and here&#039;s my thought process on it, and that&#039;s all it is; my opinion, and it pretty much is the same theory I have about all moderns, and Morgan dollars (although the Morgans will retain their &#039;value&#039; long then the Moderns IMO). Bear with me while I explain...</p><p><br /></p><p>When I was a kid in the early/mid 70&#039;s, me and my buddies would go up to the candy store regularly, and buy packs of baseball cards. We would grab that odd tasting piece of gum and shove it in our mouth while we scanned through the cards to see who we got. A Lerrin LaGrow (insert any common player name)? Blah! A Nolan Ryan (insert any star player name here)! Sweet! </p><p><br /></p><p>What did we do with those cards? Well, the Lerrin LaGrows and the like we would flip. You basically tossed them to the ground, and it was a game, and the winner would get the other players card. In other words, they weren&#039;t cared for, or special, and were tossed around recklessly. Much like coins of old weren&#039;t savored, they were used.</p><p><br /></p><p>Oh, the Nolan Ryans, Tom Seavers, Carl Yazstremski (sic)? They went into out bicycle spokes, held on with one of Mom&#039;s clothespins. Yeah buddy! I&#039;m riding with Seaver, and he&#039;s making my bike sound like a motorcycle! Life was grand!</p><p><br /></p><p>Then in the mid 80&#039;s, someone decided there was great value in these small cardboard cards, and suddenly, the games stopped. The bicycles went silent. An era died. A kid would go to the store, open the pack like a surgeon with a delicate touch, and any semi-star player went into a rigid plastic holder, or carefully slid into a card holder page. I saw this exact occurrence more then once at John &amp; Sophie&#039;s candy store. </p><p><br /></p><p>Now, every baseball card was in near &#039;mint&#039; condition. Not just a few, but almost all of the baseball cards of the 80&#039;s/90&#039;s and newer are in mint or near mint condition. No more Willie Mays with a huge crease from where he would flap against the spokes, just pristine cards, near and far.</p><p><br /></p><p>And then what happened? People realized that there was nothing special about a card from 1991 in mint condition. Everyone had that card in that condition. And the bottom eventually dropped, and while I have no clue any more about card values, I can feel pretty confident that there are very few cards whose value has surpassed the rate of inflation.</p><p><br /></p><p>So what does that have to do with coins?</p><p><br /></p><p>Show me an MS-70 coin pre-1965. If you could, no matter what the coin was, it would be worth a very large sum. Why? Because they&#039;re just not around. They were used as currency, and not stowed away in hermetically sealed plastic and kept on Funk and Wagnall&#039;s front porch.</p><p><br /></p><p>But with moderns, ASE&#039;s, and the like, in 200 years, there will be MILLIONS of MS70 coins that will then be 200 years old. Millions. Maybe even Billions at the rate the mint is going. With such a great quantity in the highest possible grade, how can it be a valuable coin? Price, which equates to value (sort of, just nod your head in agreement for this), is determined for the most part by supply and demand. With a supply in the millions, in a hobby that has stagnant (or decreasing) hobbyist numbers, do you honestly believe that the prices will rise exponentially? Look at all of the proof sets, special &#039;Limited Edition&#039; sets, &quot;special this, and special that&quot; that the mint has produced where the aftermarket price went stupid high initially, only to plummet soon thereafter. Do you think they&#039;ll ever recover? I don&#039;t.</p><p><br /></p><p>So when the mint produces ASE&#039;s, and the TPG&#039;s give them all MS-68 thru MS-70s, there is nothing special about them. Today, yesterday, or tomorrow. Show me an ASE in G4 condition, and that I&#039;d probably pay a premium for. But an MS ASE? I&#039;ll give you melt plus $1. MS-70&#039;s aren&#039;t rare, they&#039;re not scarce, and they aren&#039;t hard to come by or find on the open market - their values in my opinion are artificially inflated, and at some point, the market will realize that.</p><p><br /></p><p>And that&#039;s my personal opinion on why ASE&#039;s and other &#039;coins&#039; will will only retain small (negligible?) premiums over melt in the future. Feel free to call me names under your breath! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie7" alt=":p" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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