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Commems Collection Classic: A Set Of Classic Silver "Scarcities"

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CCF Master Historian of USA Commemoratives
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commems's Avatar
United States
12252 Posts
 Posted 04/08/2015  7:50 pm Show Profile   Bookmark this topic Add commems to your friends list Get a Link to this Message Number of Subscribers
Collectors of the classic series of US commemorative silver coins know that the key coins of the 50-piece type set are the 1928 Hawaiian Sesquicentennial, the 1935 Hudson, NY Sesquicentennial and the 1935 Old Spanish Trail half dollars; each of these coins has a mintage of just 10,000 pieces. In the case of the Hawaiian, 9,950 uncirculated pieces were struck along with 50 sand-blasted proofs. So, by 50 coins, the Hawaiian is considered the "key" to the "circulation strike" type set.

If the 50-piece set is expanded to 55 so as to include the several varieties (i.e., 1921 Alabama Plain and "2x2," the 1921 Missouri Plain and "2x4," the 1922 Grant with and without "Star," plus the "Small Date" 1921 Pilgrim and 1935 Boone), the new key coin becomes the Grant with Star which has a net mintage of just 4,250.

But if the complete 144-piece silver set is considered, a very different picture emerges. The Hawaiian, Hudson and Spanish Trail all fall out of the Top 60 and the Grant with Star hangs on to a Top 20 position by only the slimmest of margins.

What lower mintage coins take their places? One has only to look at the ongoing series of the Oregon Trail Memorial, Arkansas Centennial, Boone Bicentennial and Texas Centennial coins to find an answer.

The two scarcest classic commemorative coins are the 1935-D and 1935-S "Small Date" varieties of the 1934-38 Boone Bicentennial series. Each of these coins had a net mintage of just 2,000.

Positions 3 through 8 on the list are filled by the 1938 P-D-S coins from the Boone series along with the 1939 P-D-S coins from the 1935-39 Arkansas series. Just 2,100 of each of these coins were struck at Philadelphia, Denver and San Francisco.

Rounding out the Top 10 are two more coins from the Boone series, the 1937-D and 1937-S each had a net mintage of 2,500.

The following list presents all of the classic US silver commemorative coins with a net mintage of 5,000 or fewer (31 in total):

1. 1935-D Boone, Small Date: 2,000
1. 1935-S Boone, Small Date: 2,000
3. 1938-(P) Boone: 2,100
3. 1938-D Boone: 2,100
3. 1935-S Boone: 2,100
3. 1939-(P) Arkansas: 2,100
3. 1939-D Arkansas: 2,100
3. 1939-S Arkansas: 2,100
9. 1937-D Boone: 2,500
9. 1937-S Boone: 2,500
11. 1939-(P) Oregon Trail: 3,000
11. 1939-D Oregon Trail: 3,000
11. 1939-S Oregon Trail: 3,000
14. 1938-(P) Arkansas: 3,150
14. 1938-D Arkansas: 3,150
14. 1938-S Arkansas: 3,150
17. 1938-D Texas: 3,770
18. 1938-(P) Texas: 3,775
19. 1938-S Texas: 3,808
20. 1922 Grant with Star: 4,250
21. 1921 Missouri 2x4: 5,000
21. 1933-D Oregon Trail: 5,000
21. 1936-(P) Oregon Trail: 5,000
21. 1936-S Oregon Trail: 5,000
21. 1935-D Boone: 5,000
21. 1935-S Boone: 5,000
21. 1936-D Boone: 5,000
21. 1936-S Boone: 5,000
21. 1936-(P) Cincinnati: 5,000
21. 1936-D Cincinnati: 5,000
21. 1936-S Cincinnati: 5,000


It's interesting to note that while none of the lowest mintage type coins mentioned at the top of this post are included on this list of 31 coins with a net mintage of 5,000 or fewer, 11 Boone coins made it, as did 6 Oregon Trail and 6 Arkansas half dollars. Each of these three issues is relatively common as a type, but together they represent 23 of the 31 lowest mintage individual coins - a whopping 74%!

So, if collecting the lowest mintage examples of a series is your thing, pursuing a non-traditional "5,000 or Less" US silver commemorative set might be just the thing for you!

Happy Collecting!


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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zxcccxz's Avatar
Canada
5417 Posts
 Posted 04/08/2015  8:00 pm  Show Profile   Bookmark this reply Add zxcccxz to your friends list Get a Link to this Reply
Very interesting. Thanks for the writeup. Although another important piece of information to note would be not the mintage of each but rather how many of each are though to survive.
It'd be interesting to see which one is the rarest by total estimated number of pieces remaining and if that coin even belongs to the list of "top 20 lowest mintage silver commems".
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sel_69l's Avatar
Australia
21786 Posts
 Posted 04/09/2015  03:03 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Nice piece of intersting research, with some interesting findings.

Of the final top 10 in your list, is their relative scarcity reflective in public auction prices?
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BuckeyeCoinGuy's Avatar
United States
711 Posts
 Posted 04/09/2015  09:06 am  Show Profile   Bookmark this reply Add BuckeyeCoinGuy to your friends list Get a Link to this Reply
Great post. Those mintage figures are crazy.

I collect a bit of everything being a numismatic wanderer, but only have a Booker T as far as classic commems go.

This will give me a nice point of reference for adding items to my ebay watch list.


Out of curiosity Commems, if you were only interested in classic commems from an investment point of view, which coins on your list do you like the most at typical retail type pricing currently.


Not really looking to make an investment as I don't sell my coins. I like the Oregon Trail and the Texas coin on eye appeal basis. The Buckeye in me wants to like the Cleveland and Cincy ones, but it is difficult.
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muddler's Avatar
United States
7184 Posts
 Posted 04/09/2015  09:42 am  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
Well I do have two on the list 1936 s Cincinnati and 1936 s Oregon trail.
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jbuck's Avatar
United States
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 Posted 04/09/2015  11:01 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Very interesting information. The 50 coin set is on my long list and I have never considered the 144 coin set. It seems that I have more reason to avoid the latter.
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GR58's Avatar
United States
11951 Posts
 Posted 04/09/2015  12:52 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Thanks for posting that list ...l some good information.

I do have a few classics, couple times have thought of buying more .

I think I am more like Jbuck ....maybe someday buy more of a type
set and not a complete set.

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nickelsearcher's Avatar
United States
15388 Posts
 Posted 04/09/2015  7:42 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Valuable insights commems - presented as always in your exceptional communication style.

I humbly consider myself to be a relatively knowledgeable student of the classic silver commemorative series - and despite my passion for the set in both MS and circulated condition have never been interested in pursuing the 144-coin set.

The reason for this personal choice is simple ... coin aesthetic appeal.

There are three 'type' coins in the series that do not find appealing from a design aesthetic ... Arkansas, Booker T Washington and Washington-Carver.

These three types combine to contribute 45 coins of the entire 144-coin set.

The remaining coins on your list are indeed worthy of pursuit ... tremendous examples of USA coinage art.

Suppose the bottom line from you post ...

There will never be more than 2,000 completed 144-coin classic silver commemorative sets.

David

Take a look at my other hobby ... http://www.jk-dk.art
CCF Master Historian of USA Commemoratives
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commems's Avatar
United States
12252 Posts
 Posted 04/09/2015  10:43 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
Of the final top 10 in your list, is their relative scarcity reflective in public auction prices?

I guess it depends on how you want to look at it.

For the Arkansas, Boone, Oregon Trail and Texas sets, the date/mintmark coins listed routinely sell for higher prices vs. the more common dates of the same type.

However, the Hawaiian, Hudson and Spanish Trail coins routinely command higher prices than the "scarce" Arkansas, Boone, Oregon Trail and Texas coins on the list even though there are many more of them available.

This makes it clear that the classic US commemorative set is most often collected as a 50-piece type set vs. a complete 144-piece date/mintmark set. Most type collectors pursue the more plentiful (and lower priced) coins within the multi-year Arkansas, Boone, Oregon Trail and Texas series and thus leave the scarcer issues to the smaller group of complete date/mintmark set collectors.


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
CCF Master Historian of USA Commemoratives
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commems's Avatar
United States
12252 Posts
 Posted 04/09/2015  10:46 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
Suppose the bottom line from you post ...

There will never be more than 2,000 completed 144-coin classic silver commemorative sets.

Correct! And no more than 9,950 complete circulation-strike type sets.


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
CCF Master Historian of USA Commemoratives
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commems's Avatar
United States
12252 Posts
 Posted 04/09/2015  10:56 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
Out of curiosity Commems, if you were only interested in classic commems from an investment point of view, which coins on your list do you like the most at typical retail type pricing currently.

The only coin on the "5,000 or Fewer" list that I would purchase purely as an investment is the 1922 Grant with Star. It is a more sought after coin than any of the others on the list and therefore has more upside potential. That said, I would only buy an attractive example in MS-65 or better if my goal was "investment."

The three "key" type coins noted at the top of this post plus the 1900 Lafayette dollar would be other coins in MS-65 or better that have better than average future appreciation potential.


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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LeeG's Avatar
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243 Posts
 Posted 04/10/2015  9:17 pm  Show Profile   Bookmark this reply Add LeeG to your friends list Get a Link to this Reply
Great info commems.



As I work through my book on the Early Commemorative series in my Fort Vancouver chapter I find this:

Commems-Collection-Classic:-A-Set-Of-Classic-Silver-


Commems-Collection-Classic:-A-Set-Of-Classic-Silver-


Commems-Collection-Classic:-A-Set-Of-Classic-Silver-


Enjoy your coins!!



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BadToTheBone's Avatar
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 Posted 04/11/2015  08:01 am  Show Profile   Bookmark this reply Add BadToTheBone to your friends list Get a Link to this Reply
Thanks for the information.
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commems's Avatar
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12252 Posts
 Posted 04/11/2015  10:59 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
@LeeG: Yeah, those tables were trotted out by the Treasury Department for multiple Hearings and numerous reports to Congress over the years. They were a common component of the Department's game plan to oppose new commemorative coin issues. They used them to make the case of the poor overall sales of many issues: either the number of coins ordered by the sponsor and struck by the Mint was only a fraction of the number authorized or that a large number of struck coins were later returned to the Mint for melting.

Also of note, more than one early commemorative reference book used these tables for its statements of mintage statistics.





Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Edited by commems
04/12/2015 11:29 am
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jbuck's Avatar
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 Posted 04/13/2015  10:53 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Thank you for posting, LeeG, and thank you commems for the history of that history.
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CSOTUS's Avatar
1153 Posts
 Posted 04/15/2015  3:43 pm  Show Profile   Bookmark this reply Add CSOTUS to your friends list Get a Link to this Reply
Great info LeeG
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