Who Is Hoarding All The1858 Large Cents?

When I published the study in 2007, I thought the prices on 1858 cents would drop, since the mintage was significantly more than previously thought. The opposite happened, for the reasons Okie said.

I still have the study coins and quite a few more, but I have bought very few over the past four or five years.

Yes, the original mintage DOES affect how many are left. The published mintage was 421,000, but people who carefully collect the Colonial early Vickies, feel that the mintage was probably double that or a little more. He had that in his book(s) so that's the reason that he posted above that he thought that prices and hoarding would go DOWN, not up. The '58's were the first Canadian coinages and some were hoarded from day one, but Canada was hurting for ANY kind of coinage to use in pay and trade. Before that, US, British, French, Spanish had to be used and banks and vendors had to mint their own cents and half-cents just to be able to function. For way over 100 years, collectors saved, put away or collected the 1858's, knowing that only 400K coins were minted and were rare or scarce. When the Mint went ahead and minted 10 million 1859's, then more '58's were put away since vendors were awash in all kinds of coinages. Initial mintage have a great deal to do with value and collectability, especially if there are 100's of books telling everyone how scarce they are. I feel the same way that bosox does in that the 1859/8's probably had fewer minted than the 1858's. It's what's been written doownin papers and books that usually dictate value, as well as collectability of the coin.

i have a few,
here is a post of the first roll I put together, still working on my second roll (im not far away)
http://goccf.com/t/257242&SearchTerms=1858,roll

I've got 22, all different Turner die pairs.

The real sleepers are the 1859 W9/8 cents. Although not a date unto themselves, but rather an overdate, their mintage is considerably less than the 1858 cents.

Kinda supports what I said earlier, I know a couple of collectors in much the same position, the popularity of '59 varieties is reducing demand for'58s.

I don't think the 1858's (as well as the 1859/8 and 1859 N9's) are being hoarded anymore. Now they are being collected by die pairs thanks to the catalogs Bosox published as well as Haxby's 1859 N9 catalog.

I think we are seeing with Canadian Provincial large cent collecting a parallel to what has been going on in the US early large cent collecting for about 100 years. As the die pair collector base grows, demand will grow, supply will shrink and prices will increase. I think we're already seeing this. It takes about 340 die pairs in a collection to get all of the currently known provincial cent die pairs and that number will grow as new die pairs are discovered.

In my opinion, it's a great time to get into collecting these while they're still available.

I think Phil310 is on the money here. Once catalog is available for something it gets collected!

I have 54 different die pairs of 1858 plus 35 others. For the 9/8's I have 20 die pairs with an additional 50.

I can't tell you how many '59's I have.