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 Replies: 10 / Views: 1,574 |
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Valued Member
United States
337 Posts |
I was reading an article that referenced the Seated Liberty coin as a Little Orphan Annie.
Does anyone know where the nickname came from?
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Pillar of the Community
United States
3253 Posts |
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Valued Member
 United States
337 Posts |
Thank you! That was interesting to read!
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Pillar of the Community
United States
1704 Posts |
In that article the question 'Why is the 1844 dime so scarce in comparison to its 1845 counterpart whose mintage is more than a million pieces larger?' sort of answers itself. The 1844 dime was so much scarcer BECAUSE it had only 72,500 coined versus 1,755,000 in 1845. It doesn't take a genius to figure that out. By the 1920's natural attrition from circulation, government melting of silver coins, private melting of silver coins over the years would have reduced the number of surviving 1844 dimes which would have made them that much harder to find. Ed ANA LM-3175 |
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Bedrock of the Community
United States
17884 Posts |
One interesting thing about the hype was it cause the 1844 dime to become a hoard coin. Convinced of its "great rarity" people held onto every one they could find. This has resulted in it acutally have a higher survival rate than it should have. But at the same time with all the coins being held in hoards it made it difficult for collectors to find specimens and the prices went up. No one knows how many of these hoards there are or how large they are, but a few years ago one came on the market and they tried to sell it on ebay as one lot. Over 760 pieces. It didn't sell, so they tried to move it privately but still as a single lot. Eventually it went back into hiding. But that one hoard represented over 1% of the entire mintage, and possibly more than the entire Seated dime collector base. If these hoards ever start getting broken up, there are going to be more than enough to go around |
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Rest in Peace
United States
10625 Posts |
This is what I love about this site, every day is a history lesson as it relates to collecting coins. Cudos philidelphian and Conder101!  |
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Pillar of the Community
United States
8516 Posts |
I second that, sweet read !
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
784 Posts |
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Valued Member
United States
206 Posts |
I learned something new today!
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Pillar of the Community
United States
1053 Posts |
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Pillar of the Community
United States
1704 Posts |
Had they actually sold then what would have happened to the value of them then? If I had such a hoard I would send in a few each in different grades to be slabbed, keep several in each condition of the remaining pieces to be graded later and put away the rest for another five or six years. After getting the coins back from the graders I would then go to a major coin show and sell one to each dealer as quickly as possible in the first hour and then just leave. Ed ANA LM-3175 |
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Replies: 10 / Views: 1,574 |
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Posted 07/21/2013 1:55 pm
