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 Replies: 28 / Views: 3,299 |
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Valued Member
Australia
243 Posts |
As a world collector, I reakon the vast majority of US coins are overpriced. However, in my opinion, the US has the best looking coinage in the world, so the price is somewhat worth it. |
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Pillar of the Community
United States
2541 Posts |
Supply and demand. Can't argue with it...
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Pillar of the Community
United States
1007 Posts |
I voted 1909 S VDB.
It's hyped too much and even non-coin collectors are aware of this coin.
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Valued Member
United States
371 Posts |
Quote:None of the above....compared to The 2011 5 pc ASE set. Yeah, I'm going to have to agree on this one. Perhaps an under priced poll for different series, dates, etc. as well? |
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Pillar of the Community
United States
2734 Posts |
I would vote for GSA Hoard 1882-1884 Uncirculated Carson City Morgans specifically. (or the 2011 ASE 25th Anniv. Set!  ) Ironic how people consider these GSA coins mementos of the "Old West", when they stayed locked away in the Treasury for almost 100 years and never circulated. About 95% of the 1884-CC Morgans minted were never circulated, and I'd rather have one of the 5% that was circulated, myself! My Carson City Morgans are all circulated, ranging from XF's all the way down to two 1890 AG-3's. Meaning my coins are true souvenirs the Old West, and were actually used as spending money.  Edited by DNA
11/27/2011 9:02 pm
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Pillar of the Community
1028 Posts |
Quote:None of the above....compared to The 2011 5 pc ASE set. This is actually very true. Anybody buying one of these now off the secondary market is setting themselves up for huge losses. My vote was for the 09-S VDB. The coin had almost its entire mintage survive, most of it in high grades, yet it's prices are insane. It's no rarer than even the 11-S, which circulated quite a bit on the west coast during the teens and 20's, while the 09-S VDB was kept in little envelopes in people's desks. It's price is what, 20 times higher in circulated grades. The 09-S VDB is valued at $1000 exactly in F-12....I think it should be around $150 max. That's an overpriced coin if I ever saw one. Honorable mention does go to the 16-D dime. That thing also isn't really that rare. |
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Moderator
 United States
16679 Posts |
Quote:
It's price is what, 20 times higher in circulated grades. The 09-S VDB is valued at $1000 exactly in F-12....I think it should be around $150 max. That's an overpriced coin if I ever saw one.
Honorable mention does go to the 16-D dime. That thing also isn't really that rare.
It's ALL supply and demand. I have some 1880's Seated halves with insanely low mintages...4,000-6,000...worth not even half of what the 09-S VDB or 16-D goes for in comparable grades. Then you have coins like the 1912-S 5C and 1927-S SLQ with low mintages...just not huge on collectors eye sights. swcoin.ecrater.com
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Pillar of the Community
1028 Posts |
Quote:
It's ALL supply and demand. It's PART supply and demand and PART stupidity. If every coin shop has several 09-S VDBs for sale and there in abundance on ebay as well, it looks to me like supply has exceeded demand. Regarding demand anyways, it's one hole to fill in the album just like the 11-S (for example). There are roughly as many surviving 11-S's around than 09S VDBs and demand should be the same in theory. So why the big jump in price....stupidity. I'd have to get out my copies of old research, but off the top of my head I believe the 09-S VDB wasn't even the highest priced wheat until the 50's. Dealers took advantage of collectors and still do today. Most people look up a price guide value and don't even question it. You can cite greater demand versus 19th century classic coins, but not demand in relation to other early lincolns. The 09-S VDB is way overpriced compared to coins of the same era, same denomination and same technical demand....its costs more because off collector stupidity. I have a 09-S VDB, but only because it was handed down to me. I would never buy that coin. I don't have a 16-D Mercury and don't ever intend to buy one. The drawback of never being able to fill that hole are out-wayed by the immense feeling of being an idiot I'd have if I just purchased one, unless somebody sold it to me for a quarter its retail. Edited by hesgut
11/28/2011 12:20 am
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Valued Member
Australia
243 Posts |
Collector demand is what drives up the prices of coins as opposed to supply. The S VDB had a mintage of about 450,000 and has a market value of around $1000 for one in VF condition. In comparison, I have a 1929 Vatican 2 lira in AUNC which had a total mintage of 10,000 and is the key date in its series. The market value for this coin would be $85 at best.
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New Member
United States
9 Posts |
My call would be the 1909-S VDB. I've saw one at the local store recently, slabbed at VF for $1,800....stupid crazy.
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Pillar of the Community
United States
1510 Posts |
100% agree--my 1878 CC is well worn Quote:
My Carson City Morgans are all circulated, ranging from XF's all the way down to two 1890 AG-3's.
Meaning my coins are true souvenirs the Old West, and were actually used as spending money. Retired USAF 1983-2003
Edited by Coinstar
11/29/2011 11:20 pm
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Pillar of the Community
United States
1007 Posts |
Altho I said Lincoln Cent 1909 S VDB earlier I have to add the Buffalo nickel 1913-S Type 2 to the list as a close second. Yes, it's rare: 1,290,000 minted but there are two with fewer mintages and they're not as high priced as this coin. In fact, there are 6 Buffalo nickels with mintages similar and less than the coin mentioned and they don't come anywhere near close as to the price of the 13-S type 2. Here are the 6 rarest Buffalos and the 13-S type 2 is by far the most expensive. 1926-S 970,000 1931-S 1,200,000 1913-S Type 2 1,290,000 1924-S 1,437,000 1915-S 1,505,000 1921-S 1,557,000 I bought a non-acid dated 26-S for $17 and a VF - EF 31-S for $5. Even the acid treated 13-S type 2's start at $40 going up to the hundreds of dollars. There's always one in the set that's the costly one. Edited by matchbox
12/02/2011 09:48 am
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Pillar of the Community
1028 Posts |
Quote:I have to add the Buffalo nickel 1913-S Type 2 to the list as a close second. Wow no. A close second to the 09-S VDB. In front of the 16 - D or the CC Morgans or several other coins. You have to look at surviving mintages and not just actual mintages. The 21-S, 24-S, 26-S, and especially the 31-S didn't circulate nearly as much as the 13-S type 2. The 31-S was outright hoarded. A small handful of the 13-S type 2s were kept as novelties when they first came out, hence it's homely price in high grades, but almost none of the ones which circulated survived and those that did are usually partial date AG/G coins because the planchets for this issue were horrible. I have sold 2 13-S type 2s and both times I did fall short of its fmv price, but I feel like the coin is appropriately priced. I will say that the 15-S is probably the most undervalued buffalo. I feel its value should be closer to that of the 14-D, yet its only about half. |
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Replies: 28 / Views: 3,299 |
First Page
Posted 11/25/2011 11:58 am
