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<p>[QUOTE=&quot;Leadfoot, post: 188646, member: 2972&quot;]There are a lot of reasons to like moderns, and the many &quot;problems&quot; associated with classic coins that are not associated with moderns.</p><p><br /></p><p>However, the evidence provided by the OP only suggests that whoever submitted those coins either doesn&#039;t have a clue about coins or was hoping to hit a home run, nothing more.</p><p><br /></p><p>There are unique problems with moderns too, including in most cases their only rarity being conditional in nature, and the extremely subjective nature of TPG grading in distinguising between grades yet the huge multiples in price they fetch for a one point grade bump.&nbsp; In my opinion, the <i>high-grade TPG modern market</i> is is a contrived market that will not stand the test of time.&nbsp; However, the <i>raw modern market</i> is full of both education and opportunity -- and if buying at close to face value raw moderns have an extremely limited downside making them very attractive to many.</p><p><br /></p><p>Collecting all types of coins -- moderns, classics, colonials, etc. -- is fraught with peril.&nbsp; Often the way this is learned is through submissions such as the two you posted.&nbsp; I&#039;ll bet the submitter got a very valuable (and arguably fairly expensive) education in what PCGS considers market acceptable that he/she won&#039;t soon forget.&nbsp; The difference between a disgruntled collector and one who continues in the hobby is often the ones who learn &quot;cheaply&quot; -- through forums such as this, the ANA, a mentor, etc.</p><p><br /></p><p>To wit, I often tell new collectors that they should not buy anything over twenty dollars for their first year into the hobby.&nbsp; A very few have taken the advice and it leads them, and very righfully so, to moderns.&nbsp;&nbsp; Most laugh, then a year later tell me how good a piece of advice they ignored.&nbsp; I know I wished I had followed it the first time it was told to me.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Just a few random thoughts, respectfully submitted....Mike[/QUOTE]</p><p><br /></p>

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