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<p>[QUOTE="jetshack, post: 441772, member: 11725"]In my mind there is a difference between coins that function as stores of value and "sleepers" </p><p><br /></p><p>You're entirely correct in saying</p><p><br /></p><p><br /></p><p>All the coins you listed are Great ways to store value and maintain an index against inflation.</p><p><br /></p><p>However to me the term sleeper refers to a coin which is poised to make a substantial run up in the fairly near future. Or a coin which is undervalued according to the price guides as compared to how easy it is to find.</p><p><br /></p><p>Just as a for instance look at the state quarter series, are these sleepers? Obviously not, they've been hoarded and due to this won't be considered rare for quite some time. The demand (excessive) for them has already come. There was such demand that IMO they've reached their full potential from the profit side. If you like them then by all means collect them. It should be an easy set to put together in BU. Now and 100 years from now.</p><p><br /></p><p>But there are coins in the current modern series which ARE incredibly undervalued as compared to their ease to find. I've already mentioned a couple but I have some more.</p><p><br /></p><p>I have a hard time calling this one a modern, but some do: the 1910 P Lincoln. This coin is incredibly hard to find as a well struck MS63 RD or better. I was lucky enough to run across a MS 65 (maybe 66) 10 years ago and bought it for $12. This was before the run up on Lincolns. When it comes to finding one of these now though, you can throw all of the price guides out the window as they don't apply. An example in 64 is going to cost you in the neighborhood of $500. This was a sleeper which the price guides still have listed as such. I would say to buy any RD or RB MS examples of this coin.</p><p><br /></p><p>Another group that is EXCEPTIONALLY hard to find are well struck Roosevelt's from 1982 and 1983. Price Guides already place premiums on these due to the inability to find them (there were no mint sets produced these years and because of this very few pristine example were kept because "Who collects clad Roosevelts?" I challenge you to find a mint state example of the 82 P with Full Torch Lines and pay RedBook for it. If you do find it buy it immediately and then take a good picture of it and sell it to me for twice RedBook. I'll do it every time and giggle about it. To a lesser extent the same holds true for the other denominations from these years, the Roosies were just not very well struck.</p><p><br /></p><p>One of the things about our current modern coinage is that we have spent the last 30 years thinking there wasn't any reason to collect them because of their high mintage numbers. Don't get me wrong, it will ALWAYS be easy to put a modern set together in VF. But MS is a much differenet story. A personal example of this is my MS63+ Roosie set. I wanted all the silvers to be MS 63 and all the clads to be MS 65+. I completed the silver set fairly quickly, however I've spent nearly twice as long putting the clad side of the set together than I did putting my Barber dime set together. This hasn't been for a lack of funds either. The examples just aren't out there.[/QUOTE]</p><p><br /></p>
[QUOTE="jetshack, post: 441772, member: 11725"]In my mind there is a difference between coins that function as stores of value and "sleepers" You're entirely correct in saying All the coins you listed are Great ways to store value and maintain an index against inflation. However to me the term sleeper refers to a coin which is poised to make a substantial run up in the fairly near future. Or a coin which is undervalued according to the price guides as compared to how easy it is to find. Just as a for instance look at the state quarter series, are these sleepers? Obviously not, they've been hoarded and due to this won't be considered rare for quite some time. The demand (excessive) for them has already come. There was such demand that IMO they've reached their full potential from the profit side. If you like them then by all means collect them. It should be an easy set to put together in BU. Now and 100 years from now. But there are coins in the current modern series which ARE incredibly undervalued as compared to their ease to find. I've already mentioned a couple but I have some more. I have a hard time calling this one a modern, but some do: the 1910 P Lincoln. This coin is incredibly hard to find as a well struck MS63 RD or better. I was lucky enough to run across a MS 65 (maybe 66) 10 years ago and bought it for $12. This was before the run up on Lincolns. When it comes to finding one of these now though, you can throw all of the price guides out the window as they don't apply. An example in 64 is going to cost you in the neighborhood of $500. This was a sleeper which the price guides still have listed as such. I would say to buy any RD or RB MS examples of this coin. Another group that is EXCEPTIONALLY hard to find are well struck Roosevelt's from 1982 and 1983. Price Guides already place premiums on these due to the inability to find them (there were no mint sets produced these years and because of this very few pristine example were kept because "Who collects clad Roosevelts?" I challenge you to find a mint state example of the 82 P with Full Torch Lines and pay RedBook for it. If you do find it buy it immediately and then take a good picture of it and sell it to me for twice RedBook. I'll do it every time and giggle about it. To a lesser extent the same holds true for the other denominations from these years, the Roosies were just not very well struck. One of the things about our current modern coinage is that we have spent the last 30 years thinking there wasn't any reason to collect them because of their high mintage numbers. Don't get me wrong, it will ALWAYS be easy to put a modern set together in VF. But MS is a much differenet story. A personal example of this is my MS63+ Roosie set. I wanted all the silvers to be MS 63 and all the clads to be MS 65+. I completed the silver set fairly quickly, however I've spent nearly twice as long putting the clad side of the set together than I did putting my Barber dime set together. This hasn't been for a lack of funds either. The examples just aren't out there.[/QUOTE]
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