Let's Discuss The Values Of Coins

Its not that rarity plays no role, but supply and demand is king. It doesn't matter how rare something is if no one wants it. Once the supply is at least stressed it does play a role.

Coins really arent under or overvalued either, theyre just valued. There arent earnings statements from them that can be analyzed for what they should be trading at. Some certainly have potential to increase and brand new issues can have a bubble aspect to them, but in the end theyre worth what the market is willing to pay for them.

As far as my personal taste, Ill take the hard to find one any day over say an equally priced Morgan. Morgans scare me in terms of spending a significant amount of money on. Yes theyre very popular which helps, but theyre also the ones most likely for a hoard to appear out of no where making some rarities not so rare. On the other hand its highly unlikely a mint bag of high grade examples of a S mint civil war quarter or 1838 0 dime is going to turn up.

I wouldnt say never as I could think of two ways it could potentially happen. The first would be a massive hoard found someone had and never told anyone about, the second would be someone publicly buying the 99Ps by the truck load and melting them down because they could. Neither is likely to happen to technically possible.

I do agree though pretty much anything with a CC mint is usually preferred over a P or Denver mint mark. The same kind true for O mint marks to a lesser extent. Anything that has a mark from a mint no longer in production or no longer making making circulating coins theres a uniqueness too it that draws people in. I can to the store and get all the Philly and Denver coins I want, I cant do that with CC/O/S/C ect. Phillys especially at a disadvantage since they dont mint mark their coins. I still suspect if they closed down we would see a slight rise in value for all their coins from the nostalgic aspect alone.

There are so many things that rule the value of a coin. Popularity, rarety, availability, condition, age, where minted, toning, cleaning and on and on and on. For an example look at the Lincoln Cents. Why is the 55 Doubled Die so expensive. There are Doubled dies of that coin almost every year. yet that is the one everyone talks about. Once something gets started about a coin, sometimes the story just grows, grows, grows. And too remember that there are nowadays error collectors, toned coin collectors, Proof set collectors, Commemorative coin collectors and even counterfeit coin collectors.
Might be one of the things that ran some hobbies into the ground. Remember the Beanie Babies? Hot Wheel Cars? And who hasn't collected Sporting Cards. Yet almost all of the other hobbies that had rare, expensive, hot items just faded away.
With coins, for some reason, it is a hobby that has lasted for vertually hundreds of years. Why I remember some of the kids in Rome saving those Julius Ceasar coins when they first came out. And none were doubled died either.
Odd too that a coin is really only worth what is stamped on it. A Nickel is worth only 5 Cents you know.

With coins you have a record of the original mintage.

Other than the limited to only 2 jersey piece cards randomly put in packs of sport cards or whatever you never know how many millions were made.

I would agree that coins can be over or under valued. Look at the CCs. Their known survival rate, in MS, is multiples of lesser valued coins. There are other non-CC Morgans, in MS, whose survival rate is a pittance in comparison to CC Morgans. Yet whose prices are much, much lower. This goes to show that supply and demand don't always play a part in pricing so much as perception does.

Also there is " ebay" value, and there is "Street value". And this can work either way.

Take for example early Lincolns; teens and twenties. If these are non mintmarked, 22 plain, excepted, then on ebay you will be lucky to get more than your 99 cent opening bid on anything under XF. Yet in the shop these sell for Grey sheet all day long. Lol; or do when a customer comes in.

A reverse example are Lincoln Lamination errors. They never, ever, sell in the shop and yet will on ebay. I list them, they get sold. True; most for 99 cents. But that is better than the 4 cents I sell raw LWC's at.