Reverse proof Roosevelt dime most significant coin of century.

To blasted hold and to love.....

 

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Just askin'. Do you care about the condition in which you'll pass it on as well? Or does your interest in what happens to them die with you? I am a guy who has actually stared death in its gaping maw. My interest is multi-generational. I care as much, or even more, about what's going to be up with my pieces 200 years from now as I do for now, 'cuz I start every day knowing that it could very well be my last, with a non-trivial probability.

 

To own a few MS/PR silver type coins that not every Tom, Dick or Harry own today. If you show me a PR70 Roosie ,but if you showed me a nice MS63/64 bust or seated coin...

 

That's the part of the coin guy psychology that troubles me - the desire for exclusion. The art is what the art is, whether Tom, Dick, and Harry have it or not. In any case, IF they do have it, they won't know why they should care, or how it came to be. I can be endlessly entertained noting the rehubbings of modern coins just in the modern era. Makes me want to know why and how they were done.

 

Yes, if I can afford the grade I'd prefer MS63-65.

 

Unmentionable........

 

Can I wait 85 years to cast my vote? Something better might come along.

 

I take from that statement that you think future collectors will only collect MS70 21st century coins.

 

You didn't ask me, but the answer is "no, not 'only', but far more so than you could probably ever imagine". Look, it's not just us. The numismatic press is getting it, too. Ask them. Ask Dave Harper. Ask Dave Lisot. The modern coin market is here and happening and it's growing. It's thriving and it is where most of the growth in the hobby is happening. You think Lee Minshull is getting pucks graded by the master case for his health? They sell. You don't like them? Fine, don't dabble in them. But then don't ask why your results at shows keep becoming more and more dealer to dealer and less and less to collectors. When your old school collectors die out, as they are, daily, I can snap up the pieces I want at their estate sale for double digit percentages below wholesale, because there's almost nobody else bidding beyond "steal it" prices.

 

As we speak...there are a few hundred "coin of the century" for sale on Ebay. Hot out of the oven!

 

So he is a seller of these high grade modern coins, but is he a buyer?

 

Seeing as how he's not making them in the basement, I'm guessing yeah, he buys them from somewhere. Is he a secondary market buyer? Probably less so. Maybe way less so. I submit to you it doesn't matter .... yet. Will a secondary market eventually emerge? Well, obviously not with you in it, but I'm sure somebody will. And since all you want to do is denigrate them anyway, both the market and you are better off without each other.

 

Well the bay is now flooded with these things so for those of you looking to make a quick buck better do so now...I just don't see this coin living up to all the hype. It practices such as this that choke the hobby. There are so many 5 box sets on the site unopened...is there a after market to sustain this? I consider this a nice study in human psychology.

 

Of course the coins aren't going to live up to the hype; no coins ever do. The BHoF didn't for more than a few months, the 2013 ANA Reverse Proof Buffalo is now a dog, relatively speaking, gold Kennedys are common as dirt, and the best aftermarket commems are those that got next to no hype when new. On the other hand, the 1997 matte nickel and 1998 matte half did, and are doing, quite nicely. Any coin that people bought to flip will have a match's life - the initial strike is amazing, a little more burn for a while, then ... nada.

I don't agree these programs choke the hobby - they BUILD it. What they do choke is the traditional dealers' cash flow, for a bit.

 

Exactly my point about these modern coins...only sellers and no buyers. Bury the customers with these coins and hope never to see them again.

 

Your concern here reveals a fairly short term attitude. If there's no way to steal them low, turn them fast, and mark them up big, some people, maybe you, aren't interested. I dunno. You tell me. Why the fascination with instant liquidity? The people buying these coins for themselves surely aren't interested in a quick hit, UNLESS they are flippers. And any evil that can befall them is just fine with me.

 

Where is the liquidity? Are there bids put up by the dealers on these coins? Where can I sell these MS/PR70 coins if I needed money to buy a new car?

Flipper? you mean like the (70's) TV show that I used to watch about a dolphin? Yea, I would need to find a new "FISH" =buyer like Flipper to UN-bury me.

 

NEWS FLASH, DANCING FIRE: NOBODY CARES IF A DEALER IS PUTTING UP BIDS OR NOT!!! They sell collector to collector just fine n' dandy! I've bought and sold over 20 modern commems in OGP over the years, and not one was to or from a traditional dealer.

 

This place is full of "traditional" dealers that will never agree to the fact that many new issues (especially with 100k or less mintage) are good deals and must haves for a collection. They have hundreds of thousands or millions of dollars invested in classic coin inventories and their purpose is to sell them.