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 Replies: 10 / Views: 1,211 |
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Valued Member
United States
170 Posts |
What I mean is production vs pricing as I don't get why the 1917s is valued so high with 27,330,000 minted
then you have a 1930p 6,770,000 minted or a 1938d 5,537,000 minted that don't carry the some value as the 1917s.. did something happen that is not shown like a melt down of early coins to drive there price up?
What about a 1916s vs 1917s in pricing as they made less 1916s but the 1917s is worth more. Edited by Gold4Ever
03/15/2015 10:38 am
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Valued Member
United States
300 Posts |
If I had to guess I'd say there were more collectors around in 1938 than there were in 1917. More collectors mean more coins were saved, the 17's probably didn't have as high a survival rate.
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Pillar of the Community
United States
1566 Posts |
Some coins are rare in high grades. Barber coins are a perfect example. While common in low grades they are very rare in high grades. Another thing to take into consideration is economic downturns like the Great Depression. During these times coins didn't get saved they got spent. For some reason mint state 1983 quarters command a premium. They just didn't get saved. |
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Valued Member
 United States
170 Posts |
There seemed to be a period of time in the 20's that production and pricing balance out like a 1926d @ 6,828,000 but commands value in AU..
Edited by Gold4Ever
03/15/2015 10:53 am
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Pillar of the Community
United States
6478 Posts |
Well, people didn't pay attention to the 1917, probably because of the high mintage, and then released them into circulation, very few people kept them so high condition is rare and sought after.
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Moderator
 United States
23522 Posts |
A perusal of prices indicates that 1917 circulated far more heavily, and was saved in fewer numbers, than the lower-mintage issues. Populations in grade are miniscule for 1917-S once you reach MS65. There are more 1938-D's in MS66FB or better than the entire Mint State population of 1917-S.
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Pillar of the Community
United States
3486 Posts |
Night Hawk, perhaps a few years later after the war began. People had more money but could not buy tires or gasoline due to rationing. No sugar, no beef. It has been suggested that some people began collecting coins as one thing that they could buy. People have long saved the first year of issue: 1909 cent, 1916 dime. Then they ignored the next years. Coins circulated during the Depression Years. Had to as they bought needed things. By the time money was available the coins were worn. As for Barbers, Celticsoul, there are ALWAYS 1892s available in high grade, but 93 and 94? No one saved them. The same first-year tendency. Barbers circulated widely during those years. Add to that, Gold4Ever, just how carefully were the coins saved and did the ordinary person try to find a nicer example? My guess is 'not carefully' and 'no.' As to why the 1917s stands out? That is a research project for a Mercury dime specialist. All of the responses have their value as to the possible reasons. |
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Valued Member
United States
170 Posts |
Coins circulated during the Depression Years.
I guess one would need to look at cent and nickels of that same era to see if the same holds true for them as from hearing talk from older people that lived back then .. a dime was a lot of money and would of circulated less then cent or nickels I would think. more the coin value should yield better coins of that era or less production like Walkers as 50c was a lot and would explain there lower production as not being needed.
Gold coins seemed to fair real well because common folk didn't own 2 and half dollars.. what was a days labor worth back then?
Edited by Gold4Ever
03/16/2015 9:53 pm
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Pillar of the Community
United States
4132 Posts |
A lot of 1916 and 1916-S dimes were saved by collectors as well as the general public due to being a first-year type and the immediate popularity of the design. If it wasn't for the very low mintage, 1916-D would have had a similar fate. Some of the lower-mintage issues from 1930 and 1931 weren't fully released in the year of mintage because they weren't needed because of reduced commerce during the depression. By the mid-30s when they were actually being released, the growing coin hobby recognized the lower mintages and dealers and collectors were able to set aside rolls of them. This is all pretty well documented in David Lange's Complete Guide to Mercury Dimes. |
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Pillar of the Community
United States
5825 Posts |
It's not how many were struck.
It's how many still exist.
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Valued Member
United States
170 Posts |
Thanks for the link as I enjoyed reading it very much..
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Replies: 10 / Views: 1,211 |
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Posted 03/15/2015 10:43 am
