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 Replies: 24 / Views: 4,559 |
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Pillar of the Community
United Kingdom
2217 Posts |
I'm looking at a low-mintage silver coin at the moment; it's mintage was around 100 or so. This is not a pointless coin but one with some historic figures on it. I am just wondering, is this coin necessarily a good investment? Are low-mintages always good investments or does it matter precisely what sort of coin it is?
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Moderator
 United States
6563 Posts |
At first guess I'd say yes but the biggest future influence on it's price increase will be it's demand. What coins are you looking at? Or are you going to buy all 100?  |
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Pillar of the Community
 United States
2703 Posts |
Low mintages are not always good investments. People have to know about it, care about it, want it.
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Pillar of the Community
 United Kingdom
2217 Posts |
It has a well-known historical figure on it, does this mean a lot?
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Moderator
United States
6563 Posts |
That could be anyone from Moses to Santa Clause.  |
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Pillar of the Community
Belgium
2078 Posts |
I have a piedfort Hercules with his two girls 99 only with certificate still in original wrap picked it up for a few procentage points over melt  Edited by ageka
05/28/2007 1:18 pm
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Pillar of the Community
United Kingdom
2217 Posts |
It's a nice coin I have a 1977 50 Francs with the same design.
Re. the figure I'm not telling who it is yet that's all!
Of course I, know who it is!! :P
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Moderator
United States
6563 Posts |
Wait is this a contest now? what do we get if we guess it? |
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Pillar of the Community
United Kingdom
2217 Posts |
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Pillar of the Community
Australia
3831 Posts |
Low mintage is just a marketing grimmick. Unless there are collectors looking for such coins - chances are that the market value will not rise for a very long time.
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Moderator
United States
6563 Posts |
It's worth about 8$ in silver value. Krause doesn't list a mintage. Honestly I don't think these will be very collectible but ya never know what can happen in 5, 10, or 50 years.
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Pillar of the Community
United Kingdom
2217 Posts |
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Pillar of the Community
Australia
1091 Posts |
Beautiful coin, nice size at a great price.
A 100 mintage is extremely low for any coin. At that mintage you will always be able to show people a coin that they don't have in their collection.
Nice series... 'Millennium Icons'... will you be collecting more?
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Pillar of the Community
United Kingdom
2217 Posts |
I may well be!
(Hmmm don't tell me you have the rest?)
Thanks for saying something positive too, I thought nobody was going to be nice... :(
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Pillar of the Community
United States
5362 Posts |
The problem with rarity is that a market HAS to exist. There are many high value coins that are not really too rare but everyone wants one - 1955 Doubled die US cent is a good example (25-50,000 plus mintage).
Then there are other NUMEROUS issues with low mintage that stay at or near issue price for EVER. This is especially true of the more modern proof commemerative coins.
I went through a low mintage phase in the mid-1960s. It was driven by my God Father who was possessed with low mintage issues. The last time I checked most of my world proofs were worth less today that when I bought them.
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Pillar of the Community
United Kingdom
2217 Posts |
And on a postive note, it does contain a picture of nelson mandela, one of the greatest figures of the 20th-century etc...
Where do markets emerge from anyway and who necessarily cares?
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Replies: 24 / Views: 4,559 |
Posted 05/28/2007 12:56 pm
