Value Of Anything= Supply And Demand

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Author	Replies: 4 / Views: 1,001
Broseph Pillar of the Community United States 979 Posts	Posted 02/06/2013 7:03 pm Ok, so I was looking on the mintages here on CCF for Native American dollar coins, and I noticed this... 2008-P 1,820,000 2008-D 1,820,000 2008-S 1,998,108 Now, proof coins are generally more desirable, but I think that the supply tends to matter most for coins especially. Do you guys think that this odd difference in mintages will effect values in favor of P/D rather than S? Or do you think that no one cares enough about these for it to make a difference? Report this Post to the Staff

BadToTheBone Pillar of the Community United States 1795 Posts	Posted 02/06/2013 11:57 pm Who knows but its worth considering because of the amount of collectors in this country and in the world. Plus one must consider coins in circulation and those that end up getting damaged. Also they are still relatively cheap in proof and even slabbed. So get em while you can still find em reasonable. Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21786 Posts	Posted 02/07/2013 02:08 am Supply and demand are NOT necessarily related Report this Post to the Staff
cc99999 Pillar of the Community United States 1302 Posts	Posted 02/07/2013 07:30 am never equate proofs to business strikes. how many of these coins circulated? that will point to future scarcity. If that answer is none- then these will only ever carry a slight premium- mostly dealer generated. If 70 or 80% of these circulated, those mintage figures are low enough that the coins would command a premium in the market. That said, the 2008-S in PR70, will likely be the key date of the series. I wrote this column about the series: http://www.coinweek.com/modern-coin...gawea-proof/ Report this Post to the Staff
ratio411 Pillar of the Community United States 1208 Posts	Posted 02/07/2013 09:06 am Couple of points: I would disagree that "proofs are more desireable". Actually a REALLY nice unc coin is going to find more fans than a proof coin. Especially if that coin date/series was released widely for circulation. (Dollar coins, even those released for circulation don't truely circulate.) Next, are those mintages you post for business strikes actually all the business strikes for 2008, or are those just mintages for uncirculated sets? If that total mintage for every single non-proof coin made, for both circulation and collector sets, then that strikes me as low for a modern coin... but I don't really keep up with modern gold dollars. They might be worth taking interest in when my great-grandchildren have grandchildren. You are forgetting the "demand" side of "supply and demand". You are correct to point out low mintage compared to other coins. However, this is not a popular series. To put it in simple terms, if they only minted 10 coins, that is still a HIGH mintage figure if there are only 8 people willing to collect that coin. Make sense? Edited by ratio411 02/07/2013 09:12 am Report this Post to the Staff
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