Help In Understanding The Krause Coin Book

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Author	Replies: 7 / Views: 1,534
Sheencrofter Valued Member Ireland 201 Posts	Posted 04/16/2015 3:03 pm I'm looking for some help with understanding the Krause coin guide. I have a Krause World Coins book published 2009 and looking for the value of an 1863 5 centimes coin. What I don't understand is the dating. Under Date it shows 1863/2 with a mint number of approx, 16 million. Then below it shows 1863 with "Inc above" next to it. But the valuations for the two entries are considerably different. Now I appreciate that "inc above" means included above, but I don't understand how I decide what an 1863 coin will be worth. The first or the second figure. Any help would be greatly appreciated. * Moved by Staff to a more appropriate forum. * Report this Post to the Staff

alganbagerap Pillar of the Community United Kingdom 2490 Posts	Posted 04/16/2015 3:12 pm 1863/2, the "3" has been struck over an underlying "2". Some are easy to spot, others not. Hopefully someone will have images to show you. Report this Post to the Staff
Sheencrofter Valued Member Ireland 201 Posts	Posted 04/16/2015 3:29 pm Thanks for that. I've had another look at my coin and it has been overstruck as you say. Which is handy, as it makes it the more valuable of the two. Report this Post to the Staff
BStrauss3 Pillar of the Community United States 4591 Posts	Posted 04/16/2015 5:22 pm The reason they combine the mintage is there is no way to tell how many of each were made. At best the mint's records report delivery of 16 million coins or the equivalent monetary value. They don't report "oh, and we minted 500,000 of them reusing last year's die"... Values come from observation of relative rarity... -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21786 Posts	Posted 04/16/2015 6:35 pm What is the Kause # number that is given? I can think of different types of '5 centimes'. The 3 over 2 production is a small part of the overall 1863 production. Something like 100,000 coins are typically struck off a die pair. In a total production of 16 million coins, something like 160 die pairs would have been used. How many 1862 dies would have modified to produce '3 over 2' dies is unknown. My guess is that as little as only one die may have been modified, or as many as just a few may have been modified. That implies that approximately from 100,000 to x00,000 coins would have been produced. Relative scarcity and demand of the '3 over 2' variety can only be judged by Krause's pricing. Report this Post to the Staff
Sheencrofter Valued Member Ireland 201 Posts	Posted 04/16/2015 7:26 pm The Krause number is KM#21. Report this Post to the Staff
Sap Moderator Australia 16826 Posts	Posted 04/16/2015 8:28 pm That would be Belgium, then. NGC database page. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis Report this Post to the Staff
Sheencrofter Valued Member Ireland 201 Posts	Posted 04/17/2015 06:55 am Yes, Belgium. Sorry about that. Rather remiss of me.:) Report this Post to the Staff
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