Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Join Thousands of Coin, Bullion, & Money Collectors Coin, Banknote and Medal Collectors's Online Mall Vancouvers #1 Coin and Paper Money Dealer Specializing in Modern Numismatics Royal Estate Auctions - $1 Coin Auctions300,000 items to help build your collection!








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

US Half Cent Conundrum

To participate in the forum you must log in or register.
Author Previous TopicReplies: 6 / Views: 1,508Next Topic  
New Member
commref2's Avatar
United States
0 Posts
 Posted 07/13/2012  9:34 pm Show Profile   Bookmark this topic Add commref2 to your friends list Get a Link to this Message Number of Subscribers
Anyone have a idea why a US 1811 Half Cent with a mintage of 63,140 in AG condition is worth more than a 1854 to 1857 in AU with significantly less mintage? Doesn't make sense to me, and I can't find a reasonable answer.
Pillar of the Community
oh my florin's Avatar
Australia
1006 Posts
 Posted 07/13/2012  9:43 pm  Show Profile   Bookmark this reply Add oh my florin to your friends list Get a Link to this Reply
to ccf
New Member
commref2's Avatar
United States
0 Posts
 Posted 07/13/2012  9:47 pm  Show Profile   Bookmark this reply Add commref2 to your friends list Get a Link to this Reply
Thank you. Cannot seem to get any answer, even from the major grading companies. Somewhat of a collectomaniac. Collect American Eagles, Morgan dollars, Two Cent Pieces, Half-Cents, Kennedy halves, Eisenhower dollars, and as my wife says "dust".
New Member
coin1024's Avatar
United States
30 Posts
 Posted 07/13/2012  10:19 pm  Show Profile   Bookmark this reply Add coin1024 to your friends list Get a Link to this Reply
I would speculate (I really have no idea) that since the Half Cent was discontinued in 1857, those minted from 1854 to 1857 were pulled out of circulation at that time and saved as curiosities. Since they only circulated for a few years, they would have hardly any wear (AU condition).

Half Cents from 1811, on the other hand, would have seen their entire lives in circulation. They probably wore out by ~1840 and were melted as scrap. Few would survive in circulation until 1857 unless someone set them aside (and in the early 1800s, how many people would hoard Half Cents?)
Edited by coin1024
07/13/2012 10:24 pm
New Member
Large's Avatar
United States
17 Posts
 Posted 07/13/2012  11:11 pm  Show Profile   Bookmark this reply Add Large to your friends list Get a Link to this Reply
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 07/14/2012  12:26 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Agreed.

Mintage doesn't mean a whole lot especially with older coins. Obviously demand will be the biggest driving factor to the value, but almost always if you see an older coin like that going for a high price and theres nothing special about it it means it either had a lower survival rate than others, or the ones that did survive arent in good condition. Not only does the survival rate matter but the condition as well. You could have 10000 coins minted and all of them survive in a high grade and other coin with 500k minted but very few survived and the 500k coin will sell for more

And Welcome
Pillar of the Community
jfransch's Avatar
United States
1801 Posts
 Posted 07/14/2012  01:29 am  Show Profile   Bookmark this reply Add jfransch to your friends list Get a Link to this Reply
I would offer the following suggestions for the scarcity and value of the 1811 Half Cents. First off, the reported mintage of 63,140 does not mean they were all dated 1811 (reference mint records for 1804 dollars). Second that mintage was small compared to the previous few years (1810 at 215,000, 1809 at 1,154,572 and 1808 at 400,000). These years were followed by zero production for 14 years, no Half Cents 1816-1824, so I think it is a safe assumption that these coins were circulated and used heavily. When you factor in the poor planchet quality and the softness of the copper used in 1809-1814 (try finding a nice clean chocolate brown 1811 Half Cent or cent) the attrition rate on these coins had to be high. Compare that to the 1854 -1857 Half Cents which came out at a time when Half Cents and large cents had fallen out of public favor and were being replaced with the flying eagle and indian head small cents. These later issue Half Cents never had a chance to circulate for very long which coupled with the higher grade planchets accounts for the high survival rate in higher grades and the resulting lower values.
  Previous TopicReplies: 6 / Views: 1,508Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.26 seconds to rattle this change. Forums