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<p>[QUOTE="skrilla, post: 59795, member: 3404"]I agree and disagree. why do I agree? Well,for the pure hobbyist, if you start now with the boom of collector interest (including me) due to the state quarters you will get in before older coins really take off. I have a price guide from a few years ago and one from this month and i can see a where prices have gone up a noticeable degree.</p><p><br /></p><p>Why do i disagree? From an investor's standpoint, take the nickels that have come out the last few years. I may see 3-10 keelboat, peace, or buffalo nickels each week and I play poker every thursday. What does this mean? people are hoarding the new coins in the hopes that they will be a great collector item that goes through the roof. this may cause a temporary inflation for a time, but when those coins all come back into circulation the value will come crashing down. some people look at old proof sets (60's-80's) and wonder why they can be worth less in MS conditions, and this is the largest part of it. each year proof sets average around 3 million sets produced, almost all are MS condition (barring environmental damage etc), however at the same time each year up to a few BILLION regular issue coins may be issued and most of them get circulated but proportionally, and sometimes realistically, its much harder to come across an MS regular issue than a proof.</p><p><br /></p><p>they may make a random low mintage of current coins and holding those nickels may pay off, but i still say if you are going to invest in new coins only buy slabbed NGC/PCGS ms70 coins. they draw a huge premium and if it turns out that the coin DOES end up a low mintage? well you hit gold. (but dont stop searching new rolls for errors)[/QUOTE]</p><p><br /></p>
[QUOTE="skrilla, post: 59795, member: 3404"]I agree and disagree. why do I agree? Well,for the pure hobbyist, if you start now with the boom of collector interest (including me) due to the state quarters you will get in before older coins really take off. I have a price guide from a few years ago and one from this month and i can see a where prices have gone up a noticeable degree. Why do i disagree? From an investor's standpoint, take the nickels that have come out the last few years. I may see 3-10 keelboat, peace, or buffalo nickels each week and I play poker every thursday. What does this mean? people are hoarding the new coins in the hopes that they will be a great collector item that goes through the roof. this may cause a temporary inflation for a time, but when those coins all come back into circulation the value will come crashing down. some people look at old proof sets (60's-80's) and wonder why they can be worth less in MS conditions, and this is the largest part of it. each year proof sets average around 3 million sets produced, almost all are MS condition (barring environmental damage etc), however at the same time each year up to a few BILLION regular issue coins may be issued and most of them get circulated but proportionally, and sometimes realistically, its much harder to come across an MS regular issue than a proof. they may make a random low mintage of current coins and holding those nickels may pay off, but i still say if you are going to invest in new coins only buy slabbed NGC/PCGS ms70 coins. they draw a huge premium and if it turns out that the coin DOES end up a low mintage? well you hit gold. (but dont stop searching new rolls for errors)[/QUOTE]
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