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When Will Today's Common Coins Be Valuable?
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<p>[QUOTE="10gary22, post: 1478192, member: 23626"]Some very low mintage coins over 100 years old haven;t gone up all that much in value considering. I mean a 16D Mercury is only worth say $30,000 with a mintage of 264,000. And back in those days, there were fewer people keeping uncirculated coins.</p><p><br /></p><p>Today coins are produced by the TRILLIONS and a lot of people save MS coins. So there will always be an ample supply of modern coins. 30 years, 100 years from now, there are going to be tens of thousands of each modern coin saved in an MS state, Maybe even hundreds of thousands, considering there are about 2 million numismatists in the US. Modern coins, unless they are of an extremely scarce variety, are never going to be worth a lot. Even MS70 proof coins are in much greater number than ever before. Simply because of better handling techniques used by the mint and collectors. IMHO, anyway.</p><p><br /></p><p>Gary[/QUOTE]</p><p><br /></p>
[QUOTE="10gary22, post: 1478192, member: 23626"]Some very low mintage coins over 100 years old haven;t gone up all that much in value considering. I mean a 16D Mercury is only worth say $30,000 with a mintage of 264,000. And back in those days, there were fewer people keeping uncirculated coins. Today coins are produced by the TRILLIONS and a lot of people save MS coins. So there will always be an ample supply of modern coins. 30 years, 100 years from now, there are going to be tens of thousands of each modern coin saved in an MS state, Maybe even hundreds of thousands, considering there are about 2 million numismatists in the US. Modern coins, unless they are of an extremely scarce variety, are never going to be worth a lot. Even MS70 proof coins are in much greater number than ever before. Simply because of better handling techniques used by the mint and collectors. IMHO, anyway. Gary[/QUOTE]
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