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When will modern coins and currency become valuable?
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<p>[QUOTE="cladking, post: 2558307, member: 68"]I'm surprised nobody asked why I thought moderns have finally started their move! It would have already happened except the 2008 recession flooded the market with mint sets and swamped the demand. These sets have now been worked off. </p><p> </p><p>All the roadsigns have been in place for a few years now but there has been no catalyst and no spark for the move. I believe the catalyst is the gradual disappearance of the older style quarters from circulation and the spark now is a wholesale (probably HSN related) demand for coins from these sets. Even existing demand at the wholesale level has been going unfilled and now there is sufficient new demand to suck up every mint set available for sale on the market. Add to this the fact that mint sets have been flowing to the general public through untraditional venues siphoning off lots of the ready supply and this is a prescription for some scrambling to fill orders. This scrambling will actually tighten the market as many would be sellers hold out for higher prices. </p><p> </p><p>To some extent this could be somewhat self containing because increasing prices will impact demand. Shop at Home customers will be more reluctant to buy mint set collections if the price is substantially higher. </p><p> </p><p>It will be interesting to see how this plays out over the coming weeks and months but frankly a buying panic would hardly surprise me. Many dealers don't even stock this sort of material so just the demand for stock will swamp the supply. Even those do stock it willusually have only a few coins of each date and mint mark and these could walk out the door almost immediately. It should be remembered that the typical clad dime is selling for only a quarter or fifty cents so a tripling of price will hardly suppress the demand.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 2558307, member: 68"]I'm surprised nobody asked why I thought moderns have finally started their move! It would have already happened except the 2008 recession flooded the market with mint sets and swamped the demand. These sets have now been worked off. All the roadsigns have been in place for a few years now but there has been no catalyst and no spark for the move. I believe the catalyst is the gradual disappearance of the older style quarters from circulation and the spark now is a wholesale (probably HSN related) demand for coins from these sets. Even existing demand at the wholesale level has been going unfilled and now there is sufficient new demand to suck up every mint set available for sale on the market. Add to this the fact that mint sets have been flowing to the general public through untraditional venues siphoning off lots of the ready supply and this is a prescription for some scrambling to fill orders. This scrambling will actually tighten the market as many would be sellers hold out for higher prices. To some extent this could be somewhat self containing because increasing prices will impact demand. Shop at Home customers will be more reluctant to buy mint set collections if the price is substantially higher. It will be interesting to see how this plays out over the coming weeks and months but frankly a buying panic would hardly surprise me. Many dealers don't even stock this sort of material so just the demand for stock will swamp the supply. Even those do stock it willusually have only a few coins of each date and mint mark and these could walk out the door almost immediately. It should be remembered that the typical clad dime is selling for only a quarter or fifty cents so a tripling of price will hardly suppress the demand.[/QUOTE]
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