on July 10, 2010
This book is a GREAT guide to collecting modern coins, showing you how to make investments in new Mint issues of gold, silver, and platinum that will have extraordinary future potential value and significance. The author gives his primary recommendations for picking the coins that will be the valuable and profitable keys of the future.
Very good, hard-to-find information on gold eagles, gold buffalos, platinum eagles, and changing reverse coins. Easy to understand, lots of great pics. Get it!
on September 11, 2011
Eric Jordan introduces the idea of U.S. silver, gold and platinum "bullion" coins as being collectible coins. If you are a collector of classic coins wondering whether the current U.S. Mint outpouring has any value, this is the book for you. It is a worthwhile addition to a coin investor's library. To start off, Jordan discusses what makes a coin valuable. His ranking of mint state and proof type coin populations which includes commemorative and bullion coins is worth serious inspection.
Jordan makes strong arguments for investing in bullion coins if you focus on low mintage strikes. He especially likes those coins where the reverse side changes from year to year while the obverse side stays the same. Jordan bases his case on the fact Morgan Dollars were created to utilize the silver being mined in the 19th century United States even though there was no need or desire for them to be circulated. He declares that if the U.S. Mint struck a coin and put a denomination on it, the collectible market will value it. This reveals why the American Arts Medals stuck by the mint and sold through the U.S. Postal Service are ignored orphans (and ignored in this book as well) - no denominations. Yet, with the price of gold rising, American Arts Medals have become good investments simply because of their bullion content.
The title of this book is misleading. The term "modern commemorative coins" normally refers to coins minted since 1982 as opposed to the classic period of 1892-1954. Given the subtitle of "Invest Today - Profit Tomorrow," I was expecting a review of the investment potential of the various 1982 to date commemorative coins. The editors at Krause Publications, long time publishers of several coin related publications including Numismatic News, know enough to know the title is misleading; but, may have felt they could reach out to more collectors with the current title. For the most part, this book states modern commemorative coins themselves are fully valued. There are some exceptions and the careful reader will discover them. However, less than a quarter of this book is devoted to modern commemoratives. A Guide Book of United States Commemorative Coins by Q. David Bowers does a much better job of describing and picturing these modern commemorative coins and states the original cost of each coin - something that an investor would want to know. This is in spite of the fact Bowers' book's real value is in his "keys to collecting" comments on the classic 1892 - 1954 commemorative coins!
The author can be a little difficult to read. He includes quotes such as, "No one after drinking old wine desires new wine for they say the old wine is better, but new wine must be put in new skins." He lost me there. Then he goes on to pound the table and say, "Historic collecting opportunities are presenting themselves. Are you willing to see them?"
If you have ever wondered about modern coins being graded "70," the chapter on the crack outs of grading service slabs is an eye opener. Going a step further, the book could be improved by including a section on how one grades coins as 68, 69 and 70 that were originally issued by the mint in protective individual coin packaging.
A couple of counterpoints to Jordan's presentation. First, Jordan assumes all classic commemorative coins have been preserved in their original mint state (MS) condition as his population figures are the same as the original net mintages. He also assumes that because their mintages are similar (10,000), the higher dollar value of the 1928 Hawaiian half dollar over the 1935 Hudson and the 1935 Old Spanish Trail is simply due to the eye appeal of the Hawaiian coin as opposed to the fact that only 2300 of the Hawaiian are estimated to exist in the grade of MS 64 or better as compared to the 3100 of the Hudson and 4000 of the Old Spanish Trail. Second, Jordan, in order to make his case for these coins being scarce, relies on listing the modern proof and business strike coin mintages separately. Since both the modern business strike and proof coins are being sold by the mint at a premium to bullion value as well as the dollar denomination struck on it, future collectors may not differentiate the contemporary proof coins from mint state coins as neither are intended to be circulating coins. Contrast this concept to classic commemoratives where Jordan points out true rarity is in the population of the total type coin mintages, not the specialized date and mintmark mintages. Thus, a better reading of true rarity may actually be the combined mintage of proofs and business strikes. Therefore, some of these coins may not be as rare as initially thought to be. Third, a reader may assume that Jordan is presenting new, previously unknown information regarding limited mintage coins. However, coin magazines in 2007 were full of ads offering to sell ungraded silver 2006-W eagles for $149@. As of this writing with spot silver at $40.88, PCGS values these coins in MS69 @ $67! In 2007, platinum 2006-W 1/4 oz. eagles were offered @ $1195 in MS69. Today, the same can be bought for $600.
on July 20, 2010
A great summation of the final mintages from the US mint in regards to gold, silver, and platinum commemorative coin issues.
If your into coins as a hobby and/or an investment this is the book that sheds light on why pricing turned out the way it did for both moderns and the classic coin series.
The well written and fact based analogy of why some coins increased greatly in value will carry over into the future coin issues as well, and in collectibles in general imo. Information regarding other areas of collection planning and liquidation are also discussed.
The wording and graphs are easy to understand, the tables are well organized, the type is easy to read, and the paper quality is great.
on April 2, 2016
This book let a somewhat experienced numismatist into thinking it was about modern commemorative coins, to supplement library on early U.S. commemorative coins. Very little information about modern commens - instead included more than half the book on silver eagles and recent circulating coins (state quarters, Lincoln cents, etc. ) and early non-commemorative coins (Morgan dollars, etc.). It's an OK book with a very misleading title.
on November 1, 2010
This is an excellent book. As a newbie to coin hobby, I had my (more than) fair share of rip off. There are sharks out there to rip you apart. Eric shows you how you can avoid those pit falls.
All coin experts will say you have to learn how to grade coin. In reality, it is very hard to achieve the same level as a dealer. (unless you spend first a couple years only learn how to grade coins without buying a single coin). Buying mint products will eliminate most of the risks involved with grading. However, you need to know which coin to buy from mint. This is the must have book if you want to do that.
on July 20, 2010
If you are a modern coin collector of gold, silver, and/or platinum coins, this is a must own book. The author, Eric Jordan, has done all the hard for you and gives you wonderful advice to profit from key coins/series. Hard to find mintage numbers of all modern coins are listed and is easy to read and understand.
Highly recommended for someone who is just getting started or a long time coin collector!
on October 14, 2010
Modern Commemorative Coins offers all the essential keys to coin collecting, from selecting coins that have the best chance of increasing in value to including coins in an IRA and understanding new issues from the U.S. Mint for those on a budget. Any collector who wants to make a secure investment in modern coins will find this a fine, in-depth key to success!
on April 11, 2011
the book is well put together, in fact, i'd say the author out-did himslef putting together all of the information that i no-doubt will come to rely on once i become more seasoned with coin collecting. Impressive to say the least-- the book is chock full of charts, graphs, and images that should drive home the benefits of coin collecting if approached sensibly as the author describes..the chapters toward the end describing the tailwind the field is sure to enjoy due to the runaway federal deficit we have dug ourselves into, is especially good at convincing one that coin collections are essential for preserving wealth..
the downside for me is that i am a newbie with little or no knowledge of numismatics, and looking to get into the coin collecting world. From the beginning the jargon of the hobbie is thrown around with little in the way of referencing what is meant. The book begins well by addressing the two most common types of collecting methods utilized by those in the know..Simple enough i thought, you have series date and mint mark collections, and then you have type collecting. It informs you of the great opportunity at hand due to the broad spectrum of designs and limited productions of "moderns"..That is the extent of the books simplicity..
After all this excitement, my dissappointment was soon realized...
From early on, i was subsequentially lost within the code utilized by those in the know. for me temrs such as selling for melt, markups of various ratios in terms of "melt", obverse, reverse, mint, proofs, keys, uncirculated, circulated, denominations, designs and rarities where enough to have me fumbling through thte book looking for clues as to what was meant..
unfortunately,help for a newbie --a glossary with terms or an appendix, at the very least, with the definitions of terms-- were non-existent within this book..
As i stated from the onset, and to be fair, the book seems like a treat for a more seasoned collector, or for someone who has a basic body of knowledge of the terms utilized within the hobby..The book is a well put together and a carefully thought out body of work-- done so by a professional collector who is an expert in his field..no doubt about that..
unfortunately, i was looking for something not necesarily simpler, but a read that would hold my hand and walk me through the terminolgy of the hobby as well as the best way to approach it as a newbie...
hopes this helps other newbies...
on April 6, 2013
Could not glean much information from this book and never use.
Have not used it except for a couple of initial attempts to find useful information.
on June 26, 2013
full of useful information on investing in these coins for your retirement, or for giving a gift to people you love for their future benefit!