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 Replies: 16 / Views: 5,339 |
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Pillar of the Community
United States
2200 Posts |
I think most collectors will assume that a coin with a lower mintage than another will automatically have a higher value. One example where this isn't true is the 1883 No Cents nickel. Its mintage is only 5 million, but it's worth less than its cousin, the 1883 With Cents nickel, which has a mintage of 16 million. Reason being is that everyone saved the No Cents coin and no one saved the With Cents one.
Can you think of examples where a coin's low mintage does not necessarily guarantee rarity/value, and a high mintage does not necessarily equal common status?
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Pillar of the Community
United States
1187 Posts |
1955-p dime I think has the lowest mint of the series but everyone hoarded them so they are pretty common in uncirculated rolls.
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Pillar of the Community
United States
4691 Posts |
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Rest in Peace
United States
17900 Posts |
Pick just about any Half Cent, and it may qualify. In this case there are simply fewer collectors who are trying to put sets together and most collectors are happy with one of each type. Even though Half Cents have a LOT of low mintage issues their value is less than expected because of the lower demand. |
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Pillar of the Community
United States
6130 Posts |
Value has everything to do with supply versus demand. There are probably hundreds of base metal, world coins with a mintage of under 1 million that can be had for a few cents, simply because there are fewer collectors than there are coins. To take an example from a recent ebay auction of mine: http://www.catawiki.com/catalog/coi...-francs-1975Mintage of 1,000,000 and I got it in AU with 19 other world coins for $3.04 shipped, or 15 cents if you distribute the value equally among all coins. To take another example, there are 5 genuine 1913 V nickels in existence, each of which could easily demand a couple million at an auction house. There is also one single example of a pre-war 1942-S nickel:  Despite being unique, this only sold for $1850 in 1973 (just under $10k adjusted for inflation). As far as extremely common but valuable coins, I'm afraid I can't think of any good examples at the moment. I know that there are plenty of ancient coins that were very common in their day, but are valuable now because of enormous demand, e.g. the silver issues of Alexander the Great, Augustus, Constantine etc. |
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Bedrock of the Community
United States
94367 Posts |
There is always the '50-D nickel, a famous example of the curse of hoarding.
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Rest in Peace
United States
17900 Posts |
The 1853 dated Seated Liberty quarter is an example of an extremely common coin that still maintains it's value simply because everyone who is putting a type set together needs one. In many cases other Seated Liberty quarters with much smaller mintages still don't sell for as much. |
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Pillar of the Community
1325 Posts |
In my pocket change yesterday I found a 1938S Jefferson (5 million), and in a box or so back of halves I found a 2012S (800k) and 2 1987D (3 million). Can't find a 1964D Kennedy (150 million) to finish the book though.
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Pillar of the Community
United States
6370 Posts |
Just about any late-date $1, $2.50, or $3 gold would qualify as low mintage but low price pieces.
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Pillar of the Community
United States
1314 Posts |
For conditional rarity, there are many examples in the Morgan dollars. Considering MS65 1901-P 6.96 million $450,000 1904-O 3.72 million $ 175 Not issued by the treasury, kept in bags. |
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Moderator
 United States
187862 Posts |
The one that always comes to mind for me is the lower mintage 1931-S Lincoln Wheat cent having lower value than the higher mintage 1914-D. The reason, of course, being the 1931-S was saved in greater numbers. |
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Pillar of the Community
United States
1959 Posts |
One that pops into my mind is the 1840 o with drapery Seated quarter. I don't have a book with me, but if memory serves me correct, there is a mintage of 43K, yet the price is substantially less than MANY other dates. It's hard for me to believe people would collect/hoard certain dates in the 1840s - 1860s. Maybe so. I seem to see a lot of them too. I actually have three because I used to think I was just getting lucky to see so many. I've quit buying them. Makes me think mint records may be inaccurate? Edited to add "with drapery". Edited by jpbone
08/24/2015 12:49 pm
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Pillar of the Community
United States
1704 Posts |
1875-CC Twenty Cent Piece has a value far exceeding its mintage because of its popularity as a Carson City Mint product. This coin has the second highest mintage of the 20 cent pieces. |
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Bedrock of the Community
United States
20753 Posts |
Many of such coins are examples. One that always gets me is the 1931D Mercury dime. Just not as valuable as one would think with such a low mintage. Hoarding and popularity do more to the value of some coins than their mintage. |
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Pillar of the Community
United States
4211 Posts |
1877 (852,500) and the 1909S (309,000) Indian Head cents come to mind. The 1877 sells for much more than the 1909S |
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Pillar of the Community
United States
6130 Posts |
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Replies: 16 / Views: 5,339 |
Posted 08/23/2015 4:21 pm
