Posted 02/23/2020 9:00 pm
I agree that's a very interesting coin. I'm not qualified to comment on the grade.
BUT... I just did a bit of research ... and would like to report some statistics on this type and invite comment from CCF members
1. NGC reports the mintage as 2,000
2. I can count 15 different examples of this coin that have been bought or are currently up for sale just on ebay, and a few additional examples on other auction or archiving platforms. That amounts to about 1% of all the minted examples of this coin turning over in just 90 days! While I have never looked for this kind of statistic before (because most of the coins I collect have no mintage statistics), it seems like a very high turnover rate. So this is my question to more experienced CCF members: have you EVER seen such a high rate of sale of a single type ij relation to its mintage
For me personally, it means I would never buy such a coin as an investment right now (because those statistics say "BUBBLE!"), unless it were available at a much lower price than what I see on ebay.
As a collector however, I find it an interesting coin, and if I were collecting modern commemorative coins of UNESCO sites, I would have it on my radar screen, and not worry too much about whether the price were $100 or $250 (but I would not pay $500 no matter the grade ... just my opinion).
BUT... I just did a bit of research ... and would like to report some statistics on this type and invite comment from CCF members
1. NGC reports the mintage as 2,000
2. I can count 15 different examples of this coin that have been bought or are currently up for sale just on ebay, and a few additional examples on other auction or archiving platforms. That amounts to about 1% of all the minted examples of this coin turning over in just 90 days! While I have never looked for this kind of statistic before (because most of the coins I collect have no mintage statistics), it seems like a very high turnover rate. So this is my question to more experienced CCF members: have you EVER seen such a high rate of sale of a single type ij relation to its mintage
For me personally, it means I would never buy such a coin as an investment right now (because those statistics say "BUBBLE!"), unless it were available at a much lower price than what I see on ebay.
As a collector however, I find it an interesting coin, and if I were collecting modern commemorative coins of UNESCO sites, I would have it on my radar screen, and not worry too much about whether the price were $100 or $250 (but I would not pay $500 no matter the grade ... just my opinion).
Edited by tdziemia
02/23/2020 9:09 pm
02/23/2020 9:09 pm
