In Your Opinion, Which Coins Are Over Valued?

I read an article about the 1858 cent. The most quoted mintages are definitely much lower than they really are. It may have been someone on the forum who wrote that but I forget where it was now.

1954 NSF 1 Cent... Too many of these available to justify the huge price tag.
Same goes for the 1973 Large Bust 25 Cent with the exception of a nice uncirculated business strike.

All coins I buy are over valued when I try to buy them and under valued when I try to sell them. Hmmm.

Common circulation coins 1968+ that are priced $2-3 over face, you are really paying for someones time, not the collectible value above that.

Some might argue that the highest MS grades are worth a premium, but there is so many ungraded/unsearched rolls out there, that any premium seems to be because not enough coins have made it to a TPG for grading, not the scarcity of the physical product.

The very first problem when trying to determine value versus overvalued I that even if a coin was attainable, when the value according to the books (ect) goes up, people are more inclined to hoard, and once these coins are removed from circulation - it makes them that much harder to find in the wild - which may lend people into believing that they are more scarce than they really are...

But back to the subject at hand;
My thoughts on overpriced coins...

I feel that slabbed coins, are by a large margin very overpriced. Just because person 'A' is willing to pay a third party $40 to grade their coin which by the book should only be worth $20, doesn't mean it should carry a monstrous premium...
I am only interested in the coin, I don't buy into the slab craze.

It seems to me that a great example of an outright overpriced coin is the 1985 "pointed 5" penny - especially when you consider that most listings of the penny are well circulated examples, all using the MS value, or higher.
(The last guy I spoke to here about getting one wanted something absurd like $11 face value of junk silver - or aprox $132 worth of silver, for one of his (admitted multiple) spare pennies.)

I think that the 1991 non-circulation proof and specimen 1991 sets are overpriced because all those coins were specifically minted for those sets, and the number of circulation grade quarters has no direct correlation to them;
Alternately, even though the uncirculated sets were minted at Ottowa from a totally different run, I can see why they would have a premium for including a quarter which is theoretically circulation quality.

I feel that coins should be determined on two and a half factors;
1) Quantity minted
1.5) Age; because of attrition either due to de-minting, or getting lost ect.
2) Quality of the coin

I was willing to pay a premium for a really nice 1938 silver dollar last month, because I knew that I would have to buy from a dealer, and it was a very nice looking coin.

As I see it, the 1948 Voyageur Dollar clearly falls under supply versus demand - very low mintage, and more people want it that are readily available.

One of the intriguing mysteries of numismatics in regards to coins of the past is aside from published mintages, it's unknown how many of any particular year and denomination actually remain today, especially that are in or near mint state.

In the 60s when Canada was still producing silver coins and the bullion value exceeded face, an extraordinary amount had to have gotten melted, not only within our borders. That was also during an era of far more collectors as a percentage of population than there are today. Compare the 1965 Uncirculated Sets issued of 2,904,352 to only 60,000 in 2016.

People here still often are attracted to roll hunting, excited to find an old silver coin - can you imagine what it would have been like in the 60s when one could readily buy rolls and rolls, as much as one could afford? After that each time silver prices spiked, silver worth more than the numismatic value would again have been melted.

In my personal pursuit of upgrading my collection, I noticed what seems a huge disconnect between published mintages, pricing and supply. So I'd say there really is no answer as to what was overproduced in terms of deeming present value because it's unknown what still exists today. I don't believe the market prices have fully adjusted.

Adding: Many others here offer the very wise advise to buy the best quality of coins to add to your collection that you can afford, rather than a whole lot of heavily circulated junk. Especially it what you seek does not commonly appear on ebay or on every coin dealers table. I strongly agree......the higher grades of the unknown quantity that remains in existence have a much better chance of remaining in demand over the longterm.

It's easier to pick up a decent shape circulated mid 1950's dollar than it is a '54 25 cent. Nobody was saving the small change then and no doubt many were melted during the silver surges that followed the extensive circulation.