Treeman

Simple question: Why, from both major services, are MS69 Modern Coins often actually nicer than MS70 coins from the same service?

I used to collect Large Cents, sold them to finance My antique tractor hobby. More fun, generally friendly people. I still check out the forums here, just to see certain egotistical people implying that collecting is not fun, but must follow their ideals. Kind of weird when people are destroying the hobby by looking down on the ones who just want to enjoy collecting. I'm starting to think you might have to be a pompous a--  to be a "true" collector....

Works okay if you only collect modern stuff. I was a collector of Large Cents, and, like most other Classic coins, all MS 65, MS 66, or for that matter, any other grades, are not equal. Even if, and that is a BIG if, the technical grades are equal, eye appeal is extremely important! Certainly was to me anyway....

Why so few Innovation dollars graded? I've been looking for the 2022P Vermont, and the 2022P Rhode Island, and they seem to be nonexistant. I would think the flippers would have a market for them, and 66 and 67 grades would be fairly common...

What was quoted said "I consider an AU50 to be XF50", or something to that extent. I was simply pointing out that the letter designation would not change the grade. If I considered a F12 to be a VG12, it would not change the grade....

On 8/16/2022 at 6:08 PM, World Colonial said:

No, what I am saying is that I don't consider AU-50 to be AU.  I consider an AU-50 to be an XF-50.

AU-50 isn't actually "almost uncirculated" because it isn't almost uncirculated.  It's more of a choice XF and maybe not even that under more recent grading.

Similar idea for AU-53, much or at least some of the time.

What difference does it make if you use "AU" or "XF"? It's still a 50....

Can anyone explain how clad Kennedy's and Ikes get legitimately worn to Poor and Fair condition? Is it because they circulated so heavily (sarcasm)? Will someone say it was a "pocket piece", and the owner played pocket pool 24/7 for 30 years? How can these things get certified as legitimate?

Are you sure it's on the coin, and not the plastic?

Why is this coin, in 70, so hard to find? Was it lower mintage than the others?

I got CC, O, D, and S today. CC's are nicest, the rest are nice. However, one of the O's has what looks similar to counting machine damage, but does not affect tops of lettering, just space between the lettering. What do you think caused this? Damage on blank?

What's with the new "Advance Release"? Same coin, but you can get it in different plastic for only 5 times what it's worth!

Popular issues drive new people into the hobby. If you want the same old proof sets, and other high production issues, buy them at a discount aftermarket. If you really want a lower production issue, pay up in the aftermarket. Pretty simple. Those who managed to get a sought after issue feel very gratified, those who do not get it complain. Then, usually, they blame it on flippers. If I think an issue will be "hot", I buy whatever the limit is, whether I collect that series or not. If I get them, I sell quick, and use the profit to get something I collect. I worry about my collection, and not whether or not you were as lucky. When I get skunked, I don't complain about the Mint, I just figure maybe I will get lucky next time. All in all, these issues do make people more aware of the hobby, and keep it from dying off with us older folks. All this is just my opinion, and we all know what an opinion is worth....

First Day of Issue, Early Release, Special Holder, ....  Remember when collectors would buy the coin, not the holder? Seems that, these days, the plastic brings more than the coin. Maybe HSN Mike Mazak is smarter that I thought.....

On 8/3/2021 at 2:39 PM, Quintus Arrius said:

I am 70, and I need to grow up?  I don't know how many rings you have in your tree but having lived through many uneventful times, when ordering from the U.S. Mint was a simple routine affordable procedure, I believe you to be a sapling posing as a tree.  There is no greater put-down than to dismiss those who simply wish to place an order on-line devoid of inconvenience and drama as simply never having wanted the product in the first place.

As one of quite a few who have voluntarily elected to no longer do business with the Mint, I have no agenda.  My only concern is if the hobby is lookinga for newcomers -- and keeping them, a slap in the face is not a recommended business model.  Where's that Mint memo proclaiming to all four corners of the earth that the problem highlighted by the debacle attendant to the recent distribution of the first pair of '21 dollars had been identified and corrected?

 

I'm 68, and have been a collector for the last 45 years. I don't understand how you cannot see that making modern coins a bit harder to get actually benefits the hobby. People love the chase, makes acquiring more satisfying. If nothing interesting comes out of the mint occasionally, the hobby will die. By the way, I meant "grow up" in the sense of accepting reality, not in actual age. No disrespect meant, as I am not "grown up" in many ways...

Two things people seem to have trouble understanding...

1) If the Mint doesn't occasionally make a lower mintage, desirable product, people lose interest in the modern market. By allowing some hope of getting a "winner", the hobby continues. ( For those who will say that they only want it for their collection, and don't care about value or scarcity.... If the market were flooded with 1793 Chain Cents, and they sold for 5 cents apiece, how many would love to own one? No challenge to find a nice example, no pride in owning a scarce piece...)

2) The Mint, like any other business, cannot afford to spend a fortune to add everything needed to support an onslaught of customers once, or twice, a year. 

People need to grow up. If you really want the coin, pay up in the aftermarket. If it's not worth it to you, then I guess you don't really want it.

If it still seems hard to grasp what I'm saying, let me try it this way...  I would like a nice BU 1978CC Morgan, but I don't like the price. How about you sell me yours for $25?

Thanks. I have been around, but I usually just check out the posts, and rarely post myself...

The truth is that there is no difference in most 69's and 70's from either grading service. Every time I mention this, I would get the same "you don't have the skill to see the difference between 69 and 70" response. However, if the description is no flaws under 5x, I use a 10x, and have found no flaws on many 69's, and have found flaws on 70's. This happens with both services, and my belief is that, during their few seconds of examination, it is most dependant on day of the week, or mood of the grader. Of course, the coin passes through the hands of more than one grader, but humans tend to bias toward a previous opinion. Now, perhaps the second grader does not see the 1st graders opinion, so maybe it's just the quick once over that causes the "mistakes". In any event, if you pay high premiums for a coin that, basically, has to be put under a microscope to see a difference, you are buying plastic, not the coin. The only reason any intelligent person would pay up for a "70" is for points on the registries. A true collector would buy the "69", and have plenty of money left to get another date/type. Okay, now everyone can rip me apart, but it is truly all about registry points. Making a common coin "rare" ,with a basically unnoticeable quality difference, should be left to Mike Mazak and HSN....

On 5/26/2021 at 12:03 PM, Alex in PA. said:

No, that's not what I read.  By larger order; what do you mean.  Most could only order 5 of each which was the Mint set limit.  Some were saying they had two coins cancelled.  I don't know; didn't get any.

Mint limit was 10 of each, not 5...

Considering the large mintage, I would expect to be able to get one aftermarket for a small premium...

Do they still melt junk silver coins? If so, any idea of how much each year?

Where are the Silver Eagle Registry sets? Couldn't find them under "US"...

Never mind, I am old, senile, and a bit blind. Don't know how I missed it first time.....

20 hours ago, numisport said:

I like the coin for 66 bucks but will never participate in an event like this again. The only fair way to get these into collector hands is to offer pre production sales to determine demand (one per family of course), then strike to fill orders. This sale was nothing more than a ploy to expand their base but can only hurt real collectors. Just imagine you purchasing one for let's say 400 bucks on Ebay only to find out a couple years later they are available for 100. That's what happened to my other low mintage silver eagle sets so beware the speculation.

If they didn't put out a low mintage piece occasionally, interest in the moderns might fall off. I think this helps generate interest in collecting, and actually helps the hobby....

Yes, it was active! I put the coin in my "bag" at 12:00, then didn't finalize until 12:20, because I would get close to complete, get kicked off, and start again several times!