Discussion in 'Ancient Coins' started by panzerman, Jan 17, 2020.
Although there are some "modern" coins that are OK, I have this in my coll. From Yeltsins,
Log in or Sign up to hide this ad.
I think ancients and world coins are getting a bump because of the internet. It is much easier to find and buy them, much easier to learn about the history if you are interested, and to be honest, too many new issues. However, the same comparison to Kermit and a 2019 platinum proof eagle I bought could be made. One is childish, the other nice modern artwork on a coin.
So yes, guitar shaped colorized coins are not my forte, but there must be some market for them I am guessing. I reject any colorized coin actually. World mints have seen there is money to be made in coins, so too many new issues, but some good coins ARE being made. Look at the niobium series from the Austrian mint. Very cool series. I buy a lot of world silver for my two sons, and some are just not good, but others can be fine. All of them are too low of relief for my taste, but for me I buy ancients, Platinum proof eagles, and some US colonial notes lately. There is a collector for every collectible, even Kermit I suppose.
I must agree, I stay away from the majority of the "modern" offerings.
But, (there's always a "but") isn't that the beauty of, collectively, all of our individual collections?
Some specimens are acquired not for their "investment potential", but just because they are there! Case in point: I have some beautiful colorized Christmas themed coins from Australia (I don't normally collect colorized specimens, but these are exquisite!). Also, in my notes collection I have Disney Dollars. I collect a lot of things in which I don't expect investment potential.
If I were inclined to do so, would I rather possess (read: save) a 1 oz. silver Muppet coin (read: 1 oz. silver bullion), or 1,600 +/- zincoln cents? I know the answer.
Yeah, there's a lot of modern crap out there, but (there's that but again) some of it does fill a purpose.
Yes, part of the value of ancient coins is that a finite number have been struck and there will be no more. However, as it has been emphasized in the past year or two, hoards are continually being discovered. The thousands and thousands of coins that have entered the market have had a depressive effect on the prices of many high end coins. There may have been a limited amount of them struck, but when the number of known specimens increases greatly, the law of supply and demand takes over.
@panzerman- I'm probably missing the point here but what is your definition of classic coins?
That is an easy one....coins struck from earliest forms (circa 670BC to 1933) Basically, it was a time when common sense prevailed and money=precious metal currency=coins. After FDRs war on gold/ inflation/ debasement of currencies spiralled out of control, in 1933 a $20 Double Eagle =1 troy oz. of gold. Today it takes $1550 to buy 1 oz. of gold.
Now, we have plastic money, out of control debt, 24% interest on card debt and the banks are raking in obscene profits.
I though coins struck from earliest forms circa 670BC were ancients?
I was thinking most of these are classics:
US Colonials, Half Cents, Large Cents, Flying Eagle Cents, Indian Cents, Two Cents, Three Cents, Half Dimes, Shield Nickels, Liberty V Nickels, Buffalo Nickels, Mercury Dimes, Twenty Cents, Standing Liberty Quarters, Walking Liberty Half Dollars, Trade Dollars, Morgan Dollars, Peace Dollars, Flowing Hair Coinage, Bust Coins, Seated Liberty Coinage, Barber Coinage, Pre-1933 Circulating Gold Coins.
Thanks for the feedback..
Separate names with a comma.