1948 Dollar...curious... - Coin Community Forum

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Author	Replies: 6 / Views: 1,750
jerry Valued Member Canada 109 Posts	Posted 08/03/2014 12:44 pm Question; Why is the 1948 dollar so expensive when; 1)having done a comparison with ,say, the 1949 which is cheap the Population of each is 1200 units in mint-state for the 1948 vs 3600 units for the 1949. A ratio of 3:1 2)In MS-65 the 1948 ranges between $12,000 - $20,000 dollars, the 1949 is $100.00 ?! a 200:1 ration...! 3)Only series collectors collect the 1948, the 1949 is collected by Newfoundland collectors, Commemorative collectors, series collectors and type collectors. The 1948 is a popular coin but you find them in virtually every auction while the 1949 is missing in many...? Anyone have any thoughts why this is ? Report this Post to the Staff

john100 Pillar of the Community Canada 5324 Posts	Posted 08/03/2014 1:10 pm Simple, almost 700,000 1949, and 18000 1948 and the 49s were distributed with care thus many are found in high grades of ms 66 or higher, and in the end no demand. Report this Post to the Staff
tripoli Pillar of the Community Canada 867 Posts	Posted 08/03/2014 2:38 pm The short minting of 1948 was known early, and became a target (demand) for collectors early, thus it has always been valuable. My dad's friend got one in change in the 1950's when driving cab, and sold it in Seattle for $500...this was in the early 50's. Meanwhile, in 1949 Mr Shingles (sp) the RCM mintmaster took extra care producing the Matthew commemorative dollar, therefore this coin in MS65 is quite common, and MS 67 & MS68 examples are out there. Report this Post to the Staff
jerry Valued Member Canada 109 Posts	Posted 08/06/2014 4:48 pm I understand all that but the problem is as I stated. The survival rate of the 1949 in 3600 in mint state graded vs 1200 1948 mint state graded. So the mintages are irrelavent considering all the "Melts" that have happened and the cheep prices of 1949. I'll bet a large portion of the 700,000 1949 were melted as the prices were/are so low. And I'll bet vitrually all the 1948's were saved because of the low mintage. Report this Post to the Staff
mdwoods New Member United States 38 Posts	Posted 08/06/2014 5:41 pm There are a lot of attractive 49s available in higher grades. Not many attractive 48s. A lot of the higher grade coins have no eye appeal. Plus I'd bet there are a lot more 49s unslabbed still than slabbed. Report this Post to the Staff
john100 Pillar of the Community Canada 5324 Posts	Posted 08/06/2014 6:43 pm JM Coins has a 1949 ms 67 for sale for 1500.00, you might buy an au 50 48 for the same price, go to any show you will find nice 49 at every dealer. Report this Post to the Staff
cspence Valued Member Canada 75 Posts	Posted 08/06/2014 7:26 pm The MS populations are low for the 49 because they are not worth sending in.. Whereas the 1948 is worth certifying in any condition. The store I work in hasn't had a MS 1948 in 2 years, meanwhile there are ~25 1949s in MS60-63 sitting in the safe with no buyers.. Report this Post to the Staff
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