| Author |
 Replies: 18 / Views: 1,206 |
|
Valued Member
Canada
165 Posts |
I stepped away from the hobby for a dozen months or so, I am back and I am amazed to see how little 1858 large cents are laying around. Colonial Acres has 1 available, cdncoin.com has none, eBay has like 30 available.
This never used to be the case, even a year or so ago, there were at least 100+ on eBay and my local stores had dozens of them!
|
|
|
|
Pillar of the Community
Canada
4345 Posts |
Well, I have 5-6 so I don't worry. I think that when Rob Turner wrote the 2 books on the '58 large cent provincial coinage, people started collecting them, especially the scarcer varieties in the year. Once the books ID'd specifically what the varieties were and the approximate percentage minted of that described die pair, then more coins were sucked up. I mean that before the books, who knew about full vines and 15 of 16 stems or doublings? You should try to pick up at least the first book and you'll look at '58's in a new light.
|
|
Valued Member
United States
118 Posts |
I think some people are trying to get rolls of them to get a premium but I'm not sure.
|
|
Pillar of the Community
Canada
4345 Posts |
6-7 years ago I heard of a guy who had almost a full roll of '58's and let them go at auction. I don't know if it was 1-2 at a time or the whole bootie. I agree that you don't see them around like there used to be.
Edited by okiecoiner
05/11/2022 06:56 am
|
|
Pillar of the Community
United States
1092 Posts |
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.
|
|
New Member
Canada
26 Posts |
@bosox the original mintage doesn't really affect how many are left. The rarity is a key factor.
I'm not the one hoarding the 1858 cents.
|
|
Pillar of the Community
Canada
4345 Posts |
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.
|
|
Pillar of the Community
Canada
8849 Posts |
Could it be that the current popularity and high demand for '59s has greatly reduced the demand for '58s.
"Dipping" is not considered cleaning... -from PCGS website |
|
Pillar of the Community
Canada
1908 Posts |
please check out my collection of large cents from 1858 - 1920 (click link below, you DO NOT need a facebook account to view) https://www.facebook.com/media/set/...l=4b87156114also you can see my collection of 1859 die pairs here https://www.facebook.com/media/set/...47995&type=3 |
|
Pillar of the Community
New Zealand
1625 Posts |
Very impressive gidjit.  I have only 4 and lucky to have these down here. Cheers Don
Vickies cents and GB Farthings nut.
"Old" is a figure of speech and nothing more
|
|
Valued Member
United States
430 Posts |
I've got 22, all different Turner die pairs.
|
|
Pillar of the Community
United States
1092 Posts |
My original 2007 study sample, plus others bought since then, is something north of 200 pieces. Some common die pairs, some not.
Edited by bosox
05/16/2022 10:55 pm
|
|
Pillar of the Community
United States
1092 Posts |
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.
|
|
Pillar of the Community
Canada
3099 Posts |
There was recently a well known large cent collector selling tonz of 1959 large cents on the Facebook group I'm in, I saw a few w9/8 in the mix I believe, I think they all went for well under there value though, I haven't purchased a coin in a while now, life's been busy. Unfortunately my large cent collection has been on hold for months and months now, I'll have to get at least a few 59 but as for the 58 they are generally out if my price range when they come up.
|
|
Pillar of the Community
Canada
8849 Posts |
Quote:
I'll have to get at least a few 59 but as for the 58 they are generally out if my price range when they come up. 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.
"Dipping" is not considered cleaning... -from PCGS website |
|
Bedrock of the Community
Australia
19686 Posts |
I do not believe that the collector hoarding patten has not changed significantly in recent years.
More possible in my mind is there has been more study interest in them in recent years, and this results in increased average value, and the collectors that have them have tended to keep them.
|
|
Replies: 18 / Views: 1,206 |
|
Posted 05/10/2022 11:34 am
