Comments on: Modern coin collecting fun but useless for preserving wealth

By: Trent

Trent — Tue, 22 Sep 2009 19:08:33 +0000

Eddie is right. Modern coins with low mintages are fetching big bucks. Look at the 1997 W ms Jackie Robinson Gold $5 coin–easily 3k to 4k.
How about the 1996 D olympic silver dollars–paralympic, high jump, rowing, and tennis–all fetching $300-450. Any Silver dollar with mintage less than 16,000 and any gold coin with mintage of less than 6000 is a winner regardless of age.

By: Eddie

Eddie — Mon, 17 Aug 2009 13:30:02 +0000

The 1999 Delaware Silver Proof graded Ngc PF70 is already valued at over $6,000 and most earlier Silver State quarters will fetch hundreds. Also, the gold spouse proof coins graded PF70 by NGC and especially PCGS have increased in value substantially. The late 2008 and early 2009 versions are ending with production numbers in the 4,000 for MS and 7,000 for PF instead of the expected 20,000 limits. Making these modern coins very rare and desirable with the potential to dramatically increase in value within the next decade. Such as the silver eagles have, particularly the 1995 W NGC PF70 being valued at $20,000+ and it had a mintage of 35,000. So you are somewhat mistaken in stating that collecting modern coins is a waste of time if profit is what you seek!!!

By: Wheat Pennies

Wheat Pennies — Sat, 25 Oct 2008 16:55:18 +0000

I thought you did a great job of hitting on the qualities that make a coin (or collection) valuable.

I hear what you’re saying about the state quarters. I respect your opinion, but I think it may be too early to tell just yet what the future value of these may be. I’m sure in 1909, when the new wheat penny design came out, no one thought that the 1909-S VDB wheat penny would be worth a mini-fortune years and years down the road. Who knows what the future holds years and years down the road from now. Things have a way of changing. I guess only time will tell, my friend.

Mike Smith

By: Wheat Penny

Wheat Penny — Tue, 05 Aug 2008 18:32:12 +0000

I started off collecting wheat pennies as a kid. My collection has grown over the years and so has it’s value. I think you should start coin collecting for fun, not for profit but a collection can certainly become very valuable over the years.

By: Mike

Mike — Wed, 16 Apr 2008 09:15:41 +0000

Good article although I’m a bit late getting here! I echo the sentiment of your last paragraph.

By: The Sarcasticynic

The Sarcasticynic — Sun, 03 Dec 2006 12:56:13 +0000

I think one of the worst scams today are the home shopping networks hocking those state quarters plated with gold, silver, and platinum. Have you seen them on TV? “$600 value, yours for only ninety-nine dollars!” Buyers will NEVER, (repeat, NEVER,) get their money’s worth back, and you may not even be able to spend them as loose change because some of them are a different color. $99 for less than 13 bucks worth of plated change.

I’ve been collecting coins since 1967 and am hoping for a resurgence in the hobby so I can perhaps stand some gains in my collection, which is mostly old silver coins.

http://1sttimeinvestor.blogspot.com
/2006/10/selling-precious-metals.html

By: Traveler

Traveler — Sun, 03 Dec 2006 05:08:34 +0000

Yup – the state quarter program has been fun.
Incidentally, I believe the South Dakota quarter is the first US coin to have four presidents on it. The New Jersey quarter is the other quarter that has Washington on the front and the back (crossing the Delaware). And the penny has had Lincoln on the front and the back since the Lincoln Memorial was put in on the tailside (yup, he’s actually a speck in the memorial!).

By: Free Money Finance

Free Money Finance — Fri, 01 Dec 2006 11:22:36 +0000

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By: TH

TH — Thu, 30 Nov 2006 20:30:16 +0000

I think he is trying to convey that “Modern Coins” are useless for preserving wealth. Or he is trying to dissuade people from coin collecting so he can keep all that rich booty to himself. Arrggh Matey!

By: Matt

Matt — Wed, 29 Nov 2006 14:45:52 +0000

I started off with a fun coin collection but I ended up with one that was worth considerably more than face value. It’s an open door to a viable way to preserve wealth.