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Why do we get some many non and new collectors posting common cents on our boards?
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<p>[QUOTE="cladking, post: 3446151, member: 68"]It's not the mintages that make so many moderns nearly worthless; it's lack of interest. How ironic that one of the primary reasons for lack of interest is newbies are told moderns are junk. Don't get me wrong here, there are several reasons and nearly one for all 7 billion people who don't collect them.</p><p><br /></p><p>As an example take the '70-S sm dt cent. This is a very common coin because 10% of 1970 mint sets have one. About half of these are gone now but that leaves over 100,000 surviving examples. It's more common than a '16-D dime and wholesales at around $40. Now compare this to a '69 quarter. There are 80,000,000 in circulation but these are all culls and heavily worn. Finding a nice clean coin in F or better will take you months. There are only half a million mint sets left and most of these have very poorly made, scratched up, and tarnished quarters. Fewer than 4% of coins are nice attractive chBU or better. This means other than in several hundred collections there are only ~20,000 nice chBU '69 quarters. Redbook lists it as a $3 coin and unc rolls whole at 75c per coin. Very few Unc rolls will have any chBU coins because they are assembled from mint sets.</p><p><br /></p><p>There are numerous tough cents too but they are far harder to identify because they are masked by low demand. You can't tell a common roll from a scarce roll because both will probably list for $1. Try finding a nice attractive '84 with nice surfaces. No doubt there are still many of these in circulation in AU and higher but if someone posts one we generally aren't going to realize how special it really is.</p><p><br /></p><p>Of course this brings us to another question of why so much road kill gets posted. It takes time and effort to sign up and post a question with follow-up pictures. It seems apparent that most of those doing this legitimately believe their coin is potentially valuable. Without experience and knowledge almost any coin might appear scarce and damage can be mistaken for mint error. How do you google a specific coin with specific damage? </p><p><br /></p><p>Finally there are a few people that seem to be trolls. Not the ones with several posts but the ones that get "abused" so they come back under another name to get "even".[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 3446151, member: 68"]It's not the mintages that make so many moderns nearly worthless; it's lack of interest. How ironic that one of the primary reasons for lack of interest is newbies are told moderns are junk. Don't get me wrong here, there are several reasons and nearly one for all 7 billion people who don't collect them. As an example take the '70-S sm dt cent. This is a very common coin because 10% of 1970 mint sets have one. About half of these are gone now but that leaves over 100,000 surviving examples. It's more common than a '16-D dime and wholesales at around $40. Now compare this to a '69 quarter. There are 80,000,000 in circulation but these are all culls and heavily worn. Finding a nice clean coin in F or better will take you months. There are only half a million mint sets left and most of these have very poorly made, scratched up, and tarnished quarters. Fewer than 4% of coins are nice attractive chBU or better. This means other than in several hundred collections there are only ~20,000 nice chBU '69 quarters. Redbook lists it as a $3 coin and unc rolls whole at 75c per coin. Very few Unc rolls will have any chBU coins because they are assembled from mint sets. There are numerous tough cents too but they are far harder to identify because they are masked by low demand. You can't tell a common roll from a scarce roll because both will probably list for $1. Try finding a nice attractive '84 with nice surfaces. No doubt there are still many of these in circulation in AU and higher but if someone posts one we generally aren't going to realize how special it really is. Of course this brings us to another question of why so much road kill gets posted. It takes time and effort to sign up and post a question with follow-up pictures. It seems apparent that most of those doing this legitimately believe their coin is potentially valuable. Without experience and knowledge almost any coin might appear scarce and damage can be mistaken for mint error. How do you google a specific coin with specific damage? Finally there are a few people that seem to be trolls. Not the ones with several posts but the ones that get "abused" so they come back under another name to get "even".[/QUOTE]
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Why do we get some many non and new collectors posting common cents on our boards?
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