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 Replies: 14 / Views: 1,566 |
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Pillar of the Community
United States
1959 Posts |
Ok, over the years I have wandered about the mintage numbers of this coin. This is the first one I bought years ago, but over the years I bought a couple more. Then, when I kept coming across them time and time again, I began to doubt mint records. 43,000 is a low number, but not necessary reflected in price compared to others in the series. Yes, I know there are many factors besides the number of coins minted that affect availability and price of a coin. I would like to know what other collectors thoughts are on this subject.   Edited by jpbone
03/03/2014 9:04 pm
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Pillar of the Community
United States
940 Posts |
jpbone,
Beautiful quarter! There definitely is a disparity in the mintages versus value. There's got to be an explanation such as bags of quarters from this era being stashed in the New Orleans Mint, but I don't recall reading one.
Edited by Classic Coins
03/03/2014 9:12 pm
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Moderator
 United States
16679 Posts |
This is what I got. Original 425,200
That's a nice coin. I'm thinking about starting this set. I just picked up the scarce 1859-S. There are some very tough coins in this series.
swcoin.ecrater.com
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Pillar of the Community
United States
940 Posts |
Edited by Classic Coins
03/03/2014 9:14 pm
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Bedrock of the Community
13014 Posts |
I dont have any reason to doubt the records, but I dont know how accurate they were to begin with.
I think that its kind of the perfect combination of a good survival rate considering the mintage and the no drapes and 40 p drapes taking attention away from the 40 o drapes. The 40 O No Drapery overshadows that one in some ways since that was the last no drapes version, and from the PCGS population the 1840 drapery is much more rare with only 54 total graded compared to the 110 of the o counterpart.
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Pillar of the Community
 United States
1959 Posts |
Quote:
This is what I got. Original 425,200 vermontensium, Sorry, I made a mistake on the title of this thread and corrected it. It is clearly with drapery not without as it used to say. About your 59-S, super coin! |
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Pillar of the Community
United States
940 Posts |
Edited by Classic Coins
03/03/2014 9:33 pm
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Pillar of the Community
United States
4409 Posts |
Classic_Coins's second post is spot on. The New Orleans Hoard was mentioned in American Coin Treasures and Hoards by Q. David Bowers.
I acquired the book last fall and read it in about two weeks. Truly fascinating reading about all those discoveries and hoards.
-MV
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Pillar of the Community
United States
940 Posts |
A quick read of the first two paragraphs of the New York Times article indicates that the coins were scattered in all different directions within hours, and no accounting was possible.
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Moderator
United States
16679 Posts |
Quote:
vermontensium,
Sorry, I made a mistake on the title of this thread and corrected it. It is clearly with drapery not without as it used to say.
About your 59-S, super coin!  swcoin.ecrater.com
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Pillar of the Community
United States
3343 Posts |
Those early S mint quarters are habit-forming vermontensium.... I like them because very few, if any, survive in MS. They were money in a time and place where small coins were scarce.   "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
03/04/2014 09:27 am
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Pillar of the Community
United States
1277 Posts |
On the pcgs coin facts website, it says there are only an estimated 600 1840-O w/ drapery in existence, whereas there are 900 w/o drapery.
The one w/o drapery is likely worth more because some see it as another "type"
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Moderator
United States
23522 Posts |
Quote:
I like them because very few, if any, survive in MS. They were money in a time and place where small coins were scarce.
No 1859-S is known in Mint State. None. Apparently not your 1861, either - heck, Elisaberg's 1861-S was only F15. I don't mean to help derail the thread, but I gotta see that coin.  |
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Bedrock of the Community
United States
17884 Posts |
One reason for the low price with such a low mintage is because the only people who care are those that are actually trying to put together a date and mint set of SLQ including the major varieties. The number of such people is very small so there are enough available to meet demand. Get the number of SLQ collectors to double and you would probably see a big price jump.
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Pillar of the Community
United States
1959 Posts |
This series fascinates me because the mintages vs. availability is so vastly different. Release history, discovered hoards, general survival rates, melting and other variables are difficult to nail down. Many hard to find dates were extremely underrated as little as a few years ago. The internet has shown more clearly which dates are truly rare and prices are quickly reflecting that. Wish I had concentrated on this series more 10 years ago, but isn't that always the case.
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Replies: 14 / Views: 1,566 |
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Posted 03/03/2014 9:14 pm
