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 Replies: 18 / Views: 4,897 |
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Valued Member
Canada
386 Posts |
I was always curious why the 1948 dollar commanded such a high premium (4X -5X) oven the 1947 ML dollar coin, given that the mintages are very similar (18,780 for 1948 and 21,135 for 1947ML).
I find it hard to believe (with all the varieties collectors out there) that some collectors will get a 1947 and 1948 dollar for their collections, but not bother with the 1947ML, which is implied by the pricing of 1948 and 1947ML dollars. Edited by 1945V
11/06/2012 06:40 am
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Pillar of the Community
Canada
1554 Posts |
 I've been asking this question for the past ten years! I could never understand what all the fuss is about the '48 when there seems to be little demand for the '47's, especially the "Dot". I've seen the '47 Dot variety in Mintstate sell for less than $1K in auctions with only 2-3 bidders interested. About 2 years ago I started realizing how undervalued the '47's were, especially the low mintage that were associated to them, similar to the '48. I went on an all out quest to locate high grade 1947 dollars for my Collection (inc. varieties) and this is what I have today: (all I.C.C.S. graded) >1947, Blunt 7 , Double HP, MS-63 >1947, Blunt 7, Single HP, 7/7, MS-63 >1947, Maple Leaf, Double HP, MS-64 >1947, Maple Leaf, Single HP, Ex-Remick, MS-64 >1947, Pointed 7, Dot, MS-60 >1947, Pointed 7, Double HP, MS-60 >1947, Pointed 7, Quadruple HP, MS-64 For some unknown reason the trend value is low on the 1947's and few people seem to have interest in them. John J. Pittman once stated, "buy coins that nobody else has interest in, in the highest grade possible." My Collection is based on that philosophy! Glenn  Edited by glenzy1
11/06/2012 07:29 am
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Valued Member
Canada
187 Posts |
I may be biased given that I'm selling one on ebay right now (shameless plug)  but I have thought for years that the 1947 ML should hold value at least comparable to the '48. I suspect that many collectors don't have a budget to collect all the 1947 varieties and are satisfied with just one example of the date, hence the lower demand. I think the 1947 pointed 7 is the RAREST coin in the entire silver dollar series. My theory is that there were actually fewer 1947 pointed 7 dollars minted than 1948s. I think if the true numbers were available (the 1947 pointed and blunt 7 mintages are combined in the official mint reports) the scarcity would be known and demand would spike. Unfortunately, the actual number seems to be lost to history, and mere word-of-mouth speculation isn't enough to drive the prices higher. |
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Moderator
 Canada
10460 Posts |
It would be interesting to know if Dean (cbu) has studied the mint reports surrounding the 1947 dots... we have not seen or heard from him in a bit...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
2301 Posts |
People believe the hype on the 48. Plain and simple. Few will actually think for themselves. The same holds true for the 1947 half dollars.
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Pillar of the Community
 Canada
9865 Posts |
 With nickelsguy,it's all hype.The '48 is a money coin,there is no logical reason for it to be priced so high.Prior to the coin boom and bust of the early '60s the ML and '48 were similarly priced,and will be again in due time. "Dipping" is not considered cleaning...
-from PCGS website
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New Member
19 Posts |
There were 18 1948 dollars on the floor at Nuphilex.
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Pillar of the Community
Canada
902 Posts |
You can buy a 48 dollar any day of the week if you have the cash.
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Pillar of the Community
Canada
617 Posts |
When I started collecting in the early seventies, the 1947 Blunt, the 1947 Pointed and the 1947 ML (really a 1948) were the only 1947's recognized.
I think the proliferation of varieties dated 1947 (double HP etc.) has some effect of driving down the price of all 1947 varieties. Its hard to afford them all.
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Valued Member
 Canada
386 Posts |
Thank you everyone for your excellent feedback.
I opened up a 1961 Taylor & James Canadian coin catalog and found the following pricing for 1940's dollar coins (in UNC).
There was no MS60-70 grades back then, just one UNC category. The only known varieties at the time were the Arnprior water lines of the 1950's.
1945 - $27
1946 - $15
1947 B7 - $18
1947 P7 - $80
1947 ML - $70
1948 - $90
1949 - $4.50
Edited by 1945V
11/07/2012 06:31 am
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Pillar of the Community
Canada
1554 Posts |
These are the prices for the 1947 and 1948 dollar's in Uncirculated condition for the 1966 Charlton Cat.: >1947 Blunt 7=$55.00 >1947 Pointed 7=$225.00 >1947 Maple Leaf=$175.00 >1948=$300.00 Glenn  |
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Pillar of the Community
Canada
9865 Posts |
From 1961 Charlton's
'47 B7 $15
'47 P7 $75
'47 ML $75
'48 $75
"Dipping" is not considered cleaning...
-from PCGS website
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Valued Member
Canada
331 Posts |
Those are some large increases in just 5 years (1961-66). Was this an increase in demand?
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Pillar of the Community
Canada
9865 Posts |
Yes, there was a coin boom in the early '60s,everyone was a collector/investor.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
1005 Posts |
I have a book here called "the green coin book" Appraising and Selling Your Coins.
From 1962 published by the coin and currency institute, inc. it is mostly USA coins but at the back is a Canadian section.
The 1947 pointed, 1947 maple leaf, and 1948 are all listed as $25.00 each.
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Pillar of the Community
1844 Posts |
1980 Charlton has the 47's at 35.00 to 80.00 and the 1948 at 300.00
1990 Carlton has 1947 bl in AU @ 130.00 47 pt.AU @ 400.00 and 47 ML in AU at 350.00 and last the 1948 AU @ 1000......
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Replies: 18 / Views: 4,897 |
Posted 11/06/2012 07:57 am
