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 Replies: 7 / Views: 1,438 |
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Valued Member
United States
78 Posts |
Hi there, I see everywhere mentioned about buy key dates coins, what does that mean?  is it when the coin has low mintage? is it when is desirable by many? it is it when an important event took place in the same year that the cion was mended ( like Great Depression, 2008 economic meltdown, 2001 World Trade Center, a king's death , first issue coins of a serious...)? thank you George |
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Bedrock of the Community
13014 Posts |
The things you mentioned are usually factors in being a key, survival rates are more important than mintage though.
Key dates are basically the most expensive in the series that have the fewest surviving examples compared to the rest of the series.
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Pillar of the Community
United States
2543 Posts |
Survival rates , I think, are the main "key"
For example back in the 60's, 1904 O Morgans were a key date, last year of the Morgans and the New Orleans mint, since the currency system seemed to be saturated with Morgans, not many were circulated and it was assumed that the majority had been the victims of the Pittman Act. Along with the 1903 O the value surged in 1960 especially for MS examples with were commanding upwards of $1000 at the time.
Even though the total mintage was an average 3.7 mil, few uncirculated could be found. Can anyone say GSA Hoard ? Prices plummeted, no more key date.
Supply has much more influence on a key date than mintage.
Edited by denco7
01/10/2014 11:52 am
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Valued Member
 United States
78 Posts |
let's take for example the Lunar first serious Silver Maple Leaf , which they have a very heavy premium, low mintage and desirability, Plus, some are minted on dates that something very important events took place . will that government issued bullion round is placed on the numismatic category?
with other words, can a government issued bullion round become a numismatic in the future?
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Rest in Peace
United States
7075 Posts |
Good question.
You made me look up 'numismatics'. LOL
So I guess the answer is: no but there is a chance that they will have collector value.
My husband has collected some bullion rounds -- not much -- just for the artwork on them.
There's no way to know for sure whether or not you will profit in the future. So buy what you love and keep an eye on what sells and for how much.
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Pillar of the Community
United States
3486 Posts |
There are at least four criteria:
mintage
desireability/popularity
survival rate/condition rarity
events
Start with the mintage. All things being equal, that should be 'the'
factor. But all things are not equal.
Take the 1913-S quarter. ONLY 40,000 made. But it can be purchased
for less than the 1901-S quarter with a mintage of 70,664.
Reason: the low mintage was recognised early and the coin was saved.
The '01-S was not saved.
Now, compare the '13-S to a 1916-D dime. Mintage 264,000.
Or the '09-S VDB cent at 484,000.
The 'Mercury' dimes are very popular and are coveted by many.
That '09-S VDB is on most every collectors' want list.
Thus, the 16-d,'09-S VDB and the 13-S go neck and neck as to price.
Survival and condition rarity. Many more rare dates, keys, are to be found
in AG, G and VG. Fines and above are very difficult to find. This is
condition rarity compounded by events.
World War II demanded coins to fuel the work force. Coins had real
purchasing power. They were SPENT to the point where many were worn slick.
As for bullion, consider the future survival rate. Most will be as pristine as the day that
they were made. Circulating coins ... circulated.
Confusing? Not really, but many factors must be considered.
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Bedrock of the Community
13014 Posts |
Bullion coins can become numismatic coins if the demand supports the premium. To me a lot of the "bullion" coins are improperly placed in that category to begin with just because theyre silver and werent intended to circulate. Really for the silver candian and US coins only the bullion maples and ases are bullion. The rest are collector coins with the special privy marks or the proof/reverse proof ases ect. Some people call those bullion coins as well but they arent and were never intended to be. Bullion coins are meant to trade off the price of their metal with a slight premium for profit margins from the sellers nothing more. |
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Bedrock of the Community
United States
20753 Posts |
 1. A key date coin is a coin that can be used as a key.  Just use to open things. 2. A key date coin is one that has a key stamped on it.  3. A coin that was made the same year that keys were invented. I'll keep it simple rather than the long winded type explanation. A key date coin is simply one that is considerd one of the highlights of a series. Usually due to a low mintage. Example of this is the 16D Mercury dime being the lowest minted coin in that series. Not all key date coins are valuable though. Most are. Again, for an example the 31D Mercury dime. About the 4th lowest mintage coin ih the series but just not so valuable. |
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Replies: 7 / Views: 1,438 |
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Posted 01/10/2014 11:50 am
