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 Replies: 8 / Views: 2,035 |
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Pillar of the Community
United States
1302 Posts |
1.3 million of these things were minted:
let's do a price biopsy on it:
the coin sold about 20% of the authorized mintage, mostly to southern confederate sympathisers. at a $1 issuing price the coin cost $12.57 in today's dollars.
fast forward 40 years.
in 1965 the coin would cost you 57.12 in today's dollars, take out the adjusted for inflation bullion value and you have a $53.79 coin.
So after 40 years, MS-63/UNC Stone Mountain Coins gained $41.33 in numismatic value.
fast forward to 1981
in 1981 the coin would cost you 81.51 in today's dollars, taking out the adjusted for inflation bullion value and you have $63.09 in numismatic value.
fast forward to 2009
in 2009 the coin would cost you 99.75 in today's dollars, taking out the adjusted for inflation bullion value and you have $95.40 in numismatic coin.
or an increase of $1.75 per year since 1981.
Any price pressure put on this coin is the result of set collectors- which probably accounts for the slow crawl north in the price scale.
This coin is a good blue print for modern commemorative collectors to pay attention to- as most modern issues will follow this trend...
So don't worry that Statue of Liberty half will be worth $60 in 2050... if we live that long to cash it in.
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Pillar of the Community
United States
7840 Posts |
I still want one for my 7070!
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Moderator
 United States
189043 Posts |
An interesting analysis. I feel it justifies my being a collector (as opposed to an investor).  |
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Pillar of the Community
United States
2936 Posts |
Since my sets are complete (less two Early Commemoratives) and I have shifted my emphasis to gathering significant numbers of the low mintage MS Modern Commemoratives as an investment bodes well based on your analysis. Suddenly I feel all warm and fuzzy (or maybe my kids should). |
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Pillar of the Community
United States
4132 Posts |
I am interested in how the pricier and more popular (e.g. beloved Oregon) have done.
I'll also be curious to see which moderns do well in the coming decades. What will become of cast-offs like the Botanical Gardens one that were only purchased for the matte proofs that came with them?
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Pillar of the Community
 United States
1302 Posts |
captainwiffo- I'm working on that very question. I'm throwing some cast off ideas on the board here to see if anything inspires a response. I'm finding that most of the "value" attributed to classic coins happened early in the series lifespan- I can't tell you what that means going forward for that series- it's probably priced right- but I'm testing a hypothesis about Optimum Collecting Grade... which I think isn't what people think it is.
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Moderator
United States
15464 Posts |
I'm not sure I follow you on this one CC ... appears that you are suggesting demand is driving the slow price increase ... but there are WAY more Stone Mountain out there than interested collectors. Please clarify the point you are making.  David Take a look at my other hobby ... http://www.jk-dk.art |
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Pillar of the Community
United States
1302 Posts |
@Nickel
Ok, let me rephrase that... this way...
dealers have slowly inched the price up over the years... and album collectors have complied with that pricing. There is no evidence that there is any particular demand or interest in the series except for those superb gem+ collectors who are competing for a relatively small supply of top tier coins.
my analysis of Optimum Collecting Grade is not yet complete- but what I am seeing is that in order to recognize coins that have structural weakness in price- you have to look for a historical trend in demand. it's not clear cut- but you can see structural pricing where dealers across the years have pushed prices of common low demand items up - and demand pricing where collectors have pursued a coin or series.
Two series that are really interesting and help tell the narrative are classic US Gold and classic US Silver commemoratives.
Unfortunately, I still have so much work to do and can only share little pieces here and there for now :)
Charles
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Pillar of the Community
United States
7840 Posts |
Thanks for bringing this up! I got mine; https://goccf.com/t/109644I saw some pretty well circulated examples of this type as well...may have to pick one of these up for a "pocket piece".  Edited by oih82w8
02/01/2012 2:45 pm
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Replies: 8 / Views: 2,035 |
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Posted 01/26/2012 2:10 pm
