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All Forums Category: Canadian Coins and Currency Forums Forum: Canadian Coins and Colonial Tokens

1888 Dime Under Appreciated?

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purelywasted
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Canada
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 Posted 05/08/2016  10:59 pm Show Profile   Bookmark this topic Add purelywasted to your friends list Get a Link to this Message Number of Subscribers
I was looking at the 1888 dime today and was surprised that the relative value to the mintage is low compared to other Victorian dimes.

It seems that it has one of the lowest values across all grades, yet has a mintage of only 500k, in comparison there are many dimes with much higher mintage's and are worth significantly more.

71, 71H, 72, 74H, 80, 81, 82, 86, 2x-3x mintage

91, 94 at similar mintage levels

Is there some kind of back story on this, I've searched the forum, but have not seen much on the 1888 dime. PCGS/NGC population reports seem comparable to other dates.

Your thoughts would be appreciated.
CRHer
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United States
221 Posts
 Posted 05/08/2016  11:52 pm  Show Profile   Bookmark this reply Add CRHer to your friends list Get a Link to this Reply
It is most likely because people knew this date had a low mintage and therefore hoarded them. The dates with higher mintage's people thought nothing of and let circulate. This has happened with some specific US coins, but I have no knowledge on Canadian coinage, just an educated guess.
-CRHer
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Mayflower2020
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624 Posts
 Posted 05/09/2016  02:42 am  Show Profile   Bookmark this reply Add Mayflower2020 to your friends list Get a Link to this Reply
That would be my guess too. That they are available in higher grades despite being low mintages. Simple supply and demand that regulates most of our hobby. Supply drops and Demand goes up, there is a premium. Supply drops but demand doesn't increase, then the value stays relative.
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All Forums Category: Canadian Coins and Currency Forums Forum: Canadian Coins and Colonial Tokens



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