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 Replies: 14 / Views: 2,614 |
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Valued Member
Malta
68 Posts |
Hello
How much exactly low mintage, some say 8 million is low mintage.
Thanks
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Pillar of the Community
United States
4963 Posts |
It really depends on the average mintage for the series. In the Seated half series, for instance, where most dates around 1870 have mintages between 500,000 and 2,000,000, 1870-CC is considered low at 54,617. In the Jefferson nickel series, where a lot more are produced, 10 million is often considered low. |
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Rest in Peace
United States
18456 Posts |
Numisma is correct , it all depends on the series that you have in mind .
I like to think on average any coin with a mintage of 3,000,000 or less would be considered a low mintage .
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Bedrock of the Community
Australia
21786 Posts |
In some nations with tiny populations, issues of only a few hundred thousand can be considered common, and their pricing reflects this.
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Moderator
 United States
188213 Posts |
 to the Community! I moved your welcome post to the appropriate forum for the proper attention.  |
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Valued Member
 Malta
68 Posts |
Thanks Numisma, T-BOP, sel_69l, it really helped.
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Valued Member
Malta
68 Posts |
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Pillar of the Community
United States
6130 Posts |
Demand is crucial in rarity. My lowest mintage coin is a 1970s 5 cent proof from the Cook Islands. Mintage of 13,000 but catalog value of less than $1 because there are fewer than 13,000 interested collectors in the world.
I think the most important aspect of coin rarity is the question, "How hard would it be for me to replace this coin?" Rare coins have, at any given time, either a small total (surviving) population, or a low % of that population that is on the market, relative to the number of people who are actively seeking said coin. When 2 or more collectors have their sights set on the same coin, they will bid until one of them feels that a comparable coin could be had for the same or lower price.
Edited by Finn235
04/04/2016 10:42 am
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Bedrock of the Community
United States
20753 Posts |
Mostly it depends on when. By that I mean you have to remember that a hundred years ago the population of the USA was no where near what it is today. A hundred years ago a coin with population of say ten million would be large. Today with a population in the USA of over 300 million, coins with ten million would be small. And two hundred years ago, even one million coins would seam like a lot.
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Moderator
United States
188213 Posts |
Quote:
jbuck thanks you to :) No problem. |
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Valued Member
United States
309 Posts |
It's all relative. A colonial with a thousand examples extant is considered common. A much later Federal coin with only a thousand examples surviving is rare. Consider how many survive and in what grade to determine how difficult it would be to acquire a pleasing example. With tokens, unique specimens pictured in books may only bring a couple of hundred dollars. All the US Half Cents combined total fewer than the mintage of the 1916 D key date Mercury dime. So which holds the better value? |
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Pillar of the Community
United States
2271 Posts |
A 1968-D quarter with fewer than 100,000,000 made for circulation can be cponsidered "scarce" in pristine condition but distressingly common otherwise. A token with ten surviving examples is common if only nine people want it.
Time don't fly, it bounds and leaps.
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Pillar of the Community
Russian Federation
5172 Posts |
The coin in my collection with the second lowest mintage is an Armenian 50 dram commemorative of the 2011 subdivision series. These coins had a mintage of 50,000 each. They are very much not rare, and worth perhaps a dollar.
Similarly, a lot of 20th century Vatican coins have mintages of 200,000 or 100,000 or even lower. Yet they are not especially valuable.
(Incidentally, I just found out that San Marino did a series of coins commemorating the 1980 Olympics in Moscow. Adding to mental long-term wish list...)
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Pillar of the Community
United States
4963 Posts |
I have one piece in my collection with a mintage of just a bit over 1,000. A similar coin of the same date and denomination exists with a mintage of nearly 8 times that. The latter is valued about 60% higher in the same grade. That's because there's more demand for it.
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Bedrock of the Community
United States
11951 Posts |
As others are saying, the mintage number does not always mean high value. There are so many other factors to consider. Sometimes a mint will try to make low mintage coins, I think to keep collectors interested in their product. Other times low mintage coins will gain and keep value, because collectors missed them when they came out. When that happens, and it is a popular coin or series, that coin has a better chance of holding value. Another factor to consider, if the coin in question was released into circulation, or were all of that coin sold to collectors. For example 1916 D Mercury dime 264,000 1997 P Jefferson nickel 25,000 The Mercury was released into circulation, many stayed in circulation so long, many of those coins are in the lower grades. The Jefferson are pretty much all in the hands of collectors and dealers, and all are in the higher grades. The Mercury with a much higher mintage than the Jefferson and trades for much more than the Jefferson. Of course another factor is that the 1916 D Mercury has a hole in most albums and folders, and I don't know of a album that has a hole for the 1997 P matte proof Jefferson. Edited by GR58
04/04/2016 9:03 pm
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Replies: 14 / Views: 2,614 |
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Posted 04/04/2016 08:05 am
