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Why do most dealers think modern commemoratives are junk?
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<p>[QUOTE="cladking, post: 159955, member: 68"]There are a lot of reasons they think all moderns are junk but the biggest reason is that everyone lost interest in brand new coins when silver was removed from them. This happened world-wide one country at a time starting right after WW II. In almost every single instance collectors stopped collecting the new coins because they considered them junk. This was largely caused by the sky high mintages necessary to replace all the silver coins in circulation. Usually inflation and exuberance by the issuing authority that they could make coins at a very low cost assured that mintages then stayed high. If this weren't sufficient then there was often a lowering of minting standards since cu/ ni is a harder metal and wears dies more quickly and increased coinage demand meant cutting corners in production. This further reinforced collector sentiment that the coins were junk. </p><p><br /></p><p>This has resulted in numerous scarcities of coins made in the tens and hundreds of millions. Many moderns are far scarcer than the older coins.</p><p><br /></p><p>Dealers also see what "walks into the shop". They don't see many gem seated liberty quarters and they do see boxes of "modern junk". Since like most collectors they consider all moderns to be junk, they simply don't take a closer look to see what isn't in the boxes or even what is. There are lots of moderns that are common but this doesn't make them junk. There are lots of moderns that are quite scarce and this is making them quite valuable.</p><p><br /></p><p>Everyone should try to just collect what they enjoy and not worry about what other collectors think. Collectors usually do better than sheep anyway.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 159955, member: 68"]There are a lot of reasons they think all moderns are junk but the biggest reason is that everyone lost interest in brand new coins when silver was removed from them. This happened world-wide one country at a time starting right after WW II. In almost every single instance collectors stopped collecting the new coins because they considered them junk. This was largely caused by the sky high mintages necessary to replace all the silver coins in circulation. Usually inflation and exuberance by the issuing authority that they could make coins at a very low cost assured that mintages then stayed high. If this weren't sufficient then there was often a lowering of minting standards since cu/ ni is a harder metal and wears dies more quickly and increased coinage demand meant cutting corners in production. This further reinforced collector sentiment that the coins were junk. This has resulted in numerous scarcities of coins made in the tens and hundreds of millions. Many moderns are far scarcer than the older coins. Dealers also see what "walks into the shop". They don't see many gem seated liberty quarters and they do see boxes of "modern junk". Since like most collectors they consider all moderns to be junk, they simply don't take a closer look to see what isn't in the boxes or even what is. There are lots of moderns that are common but this doesn't make them junk. There are lots of moderns that are quite scarce and this is making them quite valuable. Everyone should try to just collect what they enjoy and not worry about what other collectors think. Collectors usually do better than sheep anyway.[/QUOTE]
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Why do most dealers think modern commemoratives are junk?
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