Discussion in 'Coin Chat' started by joecoincollect, Oct 24, 2014.
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I'm about with you on ngc I got a pile of coins to submit I'll send some to both but I'm likely to send better stuff and toners to ngc
Also modern coins save for the ASE coins, never really cared for them.
My interest has definitely changed through the few years since I began. Lately I find myself concentrating more on ancients and world paper money.
I only collect the Ikes from the mint sets and maybe one out of a hundred will be MS66 or even MS65 for certain dates/mint marks. Most are MS64 at best, on average.
then again, I don't know enough in that area
should really get a book or two...
I've always found this just incredible!
More than 10% of 1970-S cents in mint sets are small dates so these coins are super common. Most collectors don't have much interest in varieties yet these coins sell for $50 each. A single common variety goes for $50!!!
But Ikes that are regular issues and represent only one coin out of a hundred have just languished in the mint sets for decades. Dealers still buy nice Gem Ikes and sell them in the set for a dollar or two!!! There's just no demand for these coins so even though there are few mint sets left and only 1% of the coins are Gem the sets can still be found for less than face value in quantity.
I think this thread highlights exactly why this situation exists; it's not merely that collectors and dealers lack interest in moderns but that they actively dislike them. Can you imagine what these would sell for if there was as much interest in these as older US coins!?!
On a slightly different note I don't think the mint itself cared about mint sets back then - almost like it was something they had to do but didn't really want to. Like eating spinach I guess. I make this statement based upon the quality of the coins, especially the dollars. I could be wrong.
Personally, I think that the GTG threads are some of the most entertaining and educational of all of the threads on any coin forum. They allow people to play a fun game and the exercise spurs interesting conversation once the grade is revealed. Whats the matter guys, having trouble getting the correct grade?
Best: Coins I like and can afford
2nd Best: Coins I like and can't afford
Worst: Coins I don't like
You're right about the Russian mint sets. I just picked up a 1973 set for 7 or 8 bucks. It sold for 310 on ebay! Nice profit, wouldn't you say? As for other base metal worlds, it's hard to say what will soar in price. It's kinda like US coins decades or a century ago; no one knew for sure where demand would go. I guess key dates are always a safe bet, but not in all series
Wow, great score on that Russian set!
It is primarily demand but there are lots of base metal world coins that are distressingly common and no amount of demand will cause them to skyrocket. Most of the coins are very scarce or rare because they weren't set aside but the common perception is that they are all very common.
The '73 mint set is probably undervalued right now compared to the other dates. I've always found the '74 to date sets much easier than the older ones except the '61.
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