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<p>[QUOTE="cladking, post: 1088705, member: 68"]I saw that thread the other day calling foreign coins worthless as well and never got around to responding to it. I even went back looking for it and didn't see it. </p><p><br /></p><p><br /></p><p> </p><p>All of the hottest coins in the world right now are moderns and most are world coins because collectors are still mostly ignoring US. It's the fact they are base metal that set up this situation in the first place. Because they are base metal and had huge mintages no one bothered to save them. And because they are base metal when they were demonetized most of them were melted. Governments don't bother to recall silver coins because no one will turn them in anyway but people trip over one another to turn in moderns and then they are melted to make refrigerators. There was a ship that went back and forth between Japan and South America for twenty years bringing Toyotas over and taking obsolete coinage back. </p><p><br /></p><p>For the most part finding circulated examples of most moderns isn't that hard. Of sure there are rarities and some that were destroyed almost in their entirety but you can find something in F or even VF if you look. But try putting together a set of uncs! There are more scarce and rare moderns than common ones. And don't figure proofs must be easy just because they were saved because these coins have had very low prices for decades and very low prices just invites attrition, destruction, and degradation. A 1954 Indian proof set was $15 for many years but now it's suddenly $1250!!! </p><p><br /></p><p>This situation exists across the board and it will continue for years. It's not that demand is high; demand is awful... ...it's anemic, virtually nonexistent. But there is no supply so the prices are exploding. There's a middle class aring in many countries that have only had poor people and a few very wealthy and it's happening all over. Foreign coins are being bought up in the US and taken home. </p><p><br /></p><p>Just keep watching if you don't believe it.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1088705, member: 68"]I saw that thread the other day calling foreign coins worthless as well and never got around to responding to it. I even went back looking for it and didn't see it. All of the hottest coins in the world right now are moderns and most are world coins because collectors are still mostly ignoring US. It's the fact they are base metal that set up this situation in the first place. Because they are base metal and had huge mintages no one bothered to save them. And because they are base metal when they were demonetized most of them were melted. Governments don't bother to recall silver coins because no one will turn them in anyway but people trip over one another to turn in moderns and then they are melted to make refrigerators. There was a ship that went back and forth between Japan and South America for twenty years bringing Toyotas over and taking obsolete coinage back. For the most part finding circulated examples of most moderns isn't that hard. Of sure there are rarities and some that were destroyed almost in their entirety but you can find something in F or even VF if you look. But try putting together a set of uncs! There are more scarce and rare moderns than common ones. And don't figure proofs must be easy just because they were saved because these coins have had very low prices for decades and very low prices just invites attrition, destruction, and degradation. A 1954 Indian proof set was $15 for many years but now it's suddenly $1250!!! This situation exists across the board and it will continue for years. It's not that demand is high; demand is awful... ...it's anemic, virtually nonexistent. But there is no supply so the prices are exploding. There's a middle class aring in many countries that have only had poor people and a few very wealthy and it's happening all over. Foreign coins are being bought up in the US and taken home. Just keep watching if you don't believe it.[/QUOTE]
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