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 Replies: 20 / Views: 3,742 |
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Forum Kid
Canada
1074 Posts |
Yes I say MS-63 as well, first grade that came to mind!
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Pillar of the Community
 Canada
5404 Posts |
solid 63, marks in the wrong place to get an ICCS 64. Nice coin though
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Pillar of the Community
Canada
1192 Posts |
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Pillar of the Community
Canada
4911 Posts |
62-63 for me
Feel free to call me Will.
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Pillar of the Community
United States
1512 Posts |
Quote:
1954 is a common date According to coinsandcanada and numista 1954 is the second lowest mintage of the 1953-1964 series with under a quarter of a million minted. Is that still considered 'common'? |
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Pillar of the Community
Canada
849 Posts |
You are right about the mintage. But if there are only 100,000 serious silver dollar collectors out there, 243,000 coins would not make it rare ( I throw out that 100,000 as an educated guess for comparison, I don't know for sure). I bought a 1954 MS62 dollar on ebay this year for just over $30 including shipping so that might give you an idea if you want to get it graded. There is a short water line (SWL) for that year which is worth a bit more but it does not look like yours is that variety. |
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Pillar of the Community
 Canada
2360 Posts |
What would matter is the survival rate of the 243,000,
if it is 10% as Bromberg notes for most mintages, (and
if there is someone who knows more I would yield),
then there would be 24,300 coins from 1954 for the
100,000 collectors (if this is the true number of
collectors or 4 collectors for every coin). How
many of the 24,300 are of a collectable grade above
say a AU or UNC, or say a $35.00 value, then we
might be getting into the situation of not enough
coins for the amount of collectors creating demand.
"For example, common date morgans are all slapped
with a 10% survival rate as most experts say that
7%-15% of all morgans survive to date." - from
zxcccxz on the following thread;https://goccf.com/t/180509&whichpage=1
Edited by SilverDon
11/15/2014 12:31 pm
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Pillar of the Community
Canada
9871 Posts |
Silver dollars have a much higher survival rate than other denominations, for many years the survival rate is 90% or more. They were seldom seen in circulation in their day, compared to a dollar bill they were extremely cumbersome, most were given as gifts, tips, keepsakes etc. Very, very few were ever melted by the mint due to extreme wear.
"Dipping" is not considered cleaning...
-from PCGS website
Edited by DBM
11/15/2014 12:54 pm
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Pillar of the Community
Canada
2360 Posts |
Do you have a reference for the 90% figure or is it anecdotal?
Just asking @DBM because this 10% figure has been thrown around.
With all due respect, recognizing I am a rookie and you have much more experience.
Edited by SilverDon
11/15/2014 2:03 pm
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Pillar of the Community
Canada
849 Posts |
I wonder if anyone can really give the survival rate of any coin for any given year. I have read that the 1939 silver dollar had 87,568 returned to the mint in 1939 and 1940 as over one million were minted and it was far too many. But those are rare documented cases.
Every time a coin goes down a manhole or gets destroyed in a house fire or lost behind some car seat, I doubt there is a Canada coin hotline line you can call to report it.
I do like DBM's comment about the high survival rate. Don't know if it is 90% but it would not surprise me. Unless a shipload sunk at sea I just don't see great quantities disappearing into thin air. They just were not used in circulation enough to fall down grates or disappear in the sand at the beaches in large quantities.
In fact I hear of people trying to collect a set of Canadian Silver Dollars in many different grades and they have trouble finding dollar coins in circulated condition for some years. A 1948 in Fine is worth more than half the price of an AU50. Even common silver dollars did not widely circulate in change.
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Valued Member
Canada
403 Posts |
I'd say FWL MS-62/63 (Max). I too wonder about survival rates. I always found Bromberg's generalized (10%) figure rather unbelievable.
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Pillar of the Community
Canada
2360 Posts |
I agree skip79, but in
the absence of any data, we don't know the actual
percentages. How many were thrown out in moves,
left in a drawer, or in a sock, lost in general,
knocked into the ground on the demolition of houses.
They are not in the hands of anyone and as far as
I'm concerned don't exist until they surface are
graded and are counted. But again in the absence
of real numbers this is all pure speculation. Get
all the graded ones first and that is a start.
Edited by SilverDon
11/15/2014 3:11 pm
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Pillar of the Community
 Canada
972 Posts |
I have room to include 2 more coins in my shipment to ICCS, and still be under Canada Post max. weight allowed. I'm going include this dollar in the shipment even though it may only be MS63. In approx. 3 weeks when it comes back I will post the results. Thank you for your opinions.  |
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Pillar of the Community
Canada
867 Posts |
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Pillar of the Community
Canada
972 Posts |
I got this dollar back today from ICCS and here are the results. Everybody got this one correct.   |
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Replies: 20 / Views: 3,742 |
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First Page
Posted 11/13/2014 10:05 pm
