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<p>[QUOTE="cladking, post: 1478087, member: 68"]I'm not sure where to start here so may ramble a little.</p><p><br /></p><p>Your logic is sound for the main part but I believe your perspective is too narrow. Of course you're right that for a large increase in price there must be a large increase in demand. But you are very wrong about the supply and attrition. The 1998 mint set sells for a song and many of these sets will be destroyed through carelessness, improper storage, and intentional destruction to spend the coins or remove a specific coin for a collection. I’d guess close to 20% have been destroyed just since the end of 2010 when the price of the mint set collapsed. Almost nobody at all collects these coins so all those destroyed sets were not saved. And herein lies exactly the reason there will be a spike in price; almost no one at all collects them. It’s ridiculous to predict a 100 fold increase in demand for silver dollars or large cents but a 100 fold increase in the number of modern collectors would hardly cause a stior in the overall scheme of things but would drive the price of the ‘98 quarter straight through the roof. Two years ago a Russian 1969 5k was considered a very common coin that would never be worth anything. There were virtually no collectors so no one really knew if it was common or not; they only knew that moderns are common. Today there is the tiniest handfuls of collectors. It’s too early to even tell how many but it must be well under 1000 and the price of this coin is now $895. Nobody collects moderns so when demand appears there is no supply. US moderns will be no different. Sure there are some in the US because this is such a wealthy country that a few of everything gets saved. Those mansions have to be crammed full of something. But take my word on it; they aren’t filled up with modern US coins and I’d know it if they were because the coins would be around, and they most assuredly are not. Try finding some rolls and you’ll see I’m right. </p><p><br /></p><p>If there are only a few dozen collectors just how much will price spike when there are suddenly 100? 1000?</p><p>100,000? 10,000,000? </p><p><br /></p><p>Time changes everything. This is the nature of time and life. The more time people use something the more nostalgic they become when its gone. You say the old quarters aren’t gone but this is once again a matter of perspective rather than reality. There are now 55% states and parks quarters in circulation and every single day that percentage continues to increase. Every single day that goes by is another day that the old quarters in circulation wear more and get thinner and thinner. Every day it gets longer and longer since anyone saw a nice shiny eagle reverse quarter. And every day there are more people collecting moderns. There’s no rush yet and the demand shows up only where the supplies are thinnest but every day there will be more and more nostalgia and sentimentalism about the good ole’ days.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1478087, member: 68"]I'm not sure where to start here so may ramble a little. Your logic is sound for the main part but I believe your perspective is too narrow. Of course you're right that for a large increase in price there must be a large increase in demand. But you are very wrong about the supply and attrition. The 1998 mint set sells for a song and many of these sets will be destroyed through carelessness, improper storage, and intentional destruction to spend the coins or remove a specific coin for a collection. I’d guess close to 20% have been destroyed just since the end of 2010 when the price of the mint set collapsed. Almost nobody at all collects these coins so all those destroyed sets were not saved. And herein lies exactly the reason there will be a spike in price; almost no one at all collects them. It’s ridiculous to predict a 100 fold increase in demand for silver dollars or large cents but a 100 fold increase in the number of modern collectors would hardly cause a stior in the overall scheme of things but would drive the price of the ‘98 quarter straight through the roof. Two years ago a Russian 1969 5k was considered a very common coin that would never be worth anything. There were virtually no collectors so no one really knew if it was common or not; they only knew that moderns are common. Today there is the tiniest handfuls of collectors. It’s too early to even tell how many but it must be well under 1000 and the price of this coin is now $895. Nobody collects moderns so when demand appears there is no supply. US moderns will be no different. Sure there are some in the US because this is such a wealthy country that a few of everything gets saved. Those mansions have to be crammed full of something. But take my word on it; they aren’t filled up with modern US coins and I’d know it if they were because the coins would be around, and they most assuredly are not. Try finding some rolls and you’ll see I’m right. If there are only a few dozen collectors just how much will price spike when there are suddenly 100? 1000? 100,000? 10,000,000? Time changes everything. This is the nature of time and life. The more time people use something the more nostalgic they become when its gone. You say the old quarters aren’t gone but this is once again a matter of perspective rather than reality. There are now 55% states and parks quarters in circulation and every single day that percentage continues to increase. Every single day that goes by is another day that the old quarters in circulation wear more and get thinner and thinner. Every day it gets longer and longer since anyone saw a nice shiny eagle reverse quarter. And every day there are more people collecting moderns. There’s no rush yet and the demand shows up only where the supplies are thinnest but every day there will be more and more nostalgia and sentimentalism about the good ole’ days.[/QUOTE]
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