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#21
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Will todays coins be worth anything 100 yrs from now??
Coins used to get saved accidently. They were held as backing for specie or were held against bad times. People were not as quick to divest coinage with low interest rates and good metal in the coin. Now days coins mostly have to be saved intentionally or they aren't saved at all, and people haven't been saving the coins. The masses horded large numbers of bicentennial quarters but weren't savvy enough to recognize that nice examples were scarce and deserved to be saved exclusively. Since few appeared in circulation high grade '76 quarters are very scarce and command large premiums now. The same applies almost across the board; the coins were made in large quantities and they have been destroyed in circulation. There are still lots left but they are in VG condition not unc. Those that survive are so common they'll probably last in circulation until they are recalled and melted down. since coins weren't saved the varieties can be almost impossible to locate. High grades of most coins are also quite difficult. Most collectors would be very surprised to learn how difficult it is to find a coin like an attractive 1969 quarter in any grade above F, and even VG's might surprise you. Try finding a 1968 cent that has no carbon spotting. There are none in mint sets and about 95% of these will be horrible. The zinc coins are far worse. The '84-D cent is nearly impossible without spots in a nice attractive MS-65 with smooth surfaces. Most of the early zinc Linclons have plating flaws and are gradually eroding away. A few of the modern BU coins already carry significant premiums even though there is very little demand. Then there are the rarities and special issues. |
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#22
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Will todays coins be worth anything 100 yrs from now??
In 1985 I bought $20 worth of Cents at my then bank. 28 of the rolls
were uncirculated 1985(P) and at the time I was just re-newing my interest in collecting ... I had actually bought the rolls to search for older 'stuff'. But, I placed those 1400 Cents in square tubes and there they've remained to this day. In response to your post, tonight, I spot checked one roll. They still look pristine! At least the one roll I checked. Not a scarce issue, but I'm glad to report not seeing the problems you reported specifically for 1984-D. Is there a reason you specified that issue? Am I lucky that my 1985-Ps have fared so well for the past two decades? From what I looked at tonight, most would proudly fill that slot in any Cent collection. |
#23
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Will todays coins be worth anything 100 yrs from now??
The '83 and '84 issues are the worst. The '84-D is especially
noticeable because mint set coins are not very high quality on average and nice gems are fairly scarce. There were also relatively few of these rolls set adide and nice rolls can bring $20. The '85 coins are much better but all the bugs hadn't been worked out yet. About 20% of this date will have corrosion problems. Nice pristine coins of any of the zinc Lincolns are probably worth holding but none of these is scarce or rare except in high grades or those which are varieties. If there were as much interest in the memorial cents as the wheaties then the prices on many of them would be far higher. |
#24
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Will todays coins be worth anything 100 yrs from now??
On 9 May 2006 19:20:43 -0700, "cladking" wrote:
The '85 coins are much better but all the bugs hadn't been worked out yet. About 20% of this date will have corrosion problems. Nice pristine coins of any of the zinc Lincolns are probably worth holding but none of these is scarce or rare except in high grades or those which are varieties. If there were as much interest in the memorial cents as the wheaties then the prices on many of them would be far higher. Seeing as how there isn't much money involved in those rolls I'll hold on to them. Maybe when I'm gone some niece or nephew will get a time or two face value for them. When I look at some of my nice Cents from the 30s and 40s I'm glad that someone preserved them. Thanks for the response. |
#25
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Will todays coins be worth anything 100 yrs from now??
"The Space Boss" wrote in message oups.com... Coins made 100 years ago are worth a lot today if they are in good condition. This is understandable, because holding an old coin in your hands conjures up images of a simpler time, a world that was much different from the world in which we live in now. It can also be a humbling experience to think that every person who ever held that coin when it was first minted is probably no longer with us. But those same coins 100 years ago were made of different stuff than our current coins a Silver dollars were... SILVER! As were Dimes, Half Dollars and Quarters.. Nickels were made of acual nickel. Pennies were pure copper. Today, pennies are made of ZINC, "electroplated" with copper. Who the hell knows what nickels are made of anymore, probably ZINC as well... Quarters are interesting.. they still look like they're copper filled plated with steel. However some modern quarters are "thicker" than others... I have a 1999 quarter here that is NOTICEABLY thicker and contains more copper than the 2001 quarter. ANYWAY... my question is, will these coins be worth anything 100 yrs in the future? 100 years? Sad to say, but I don't think I really care. Bruce |
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