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 Replies: 11 / Views: 1,816 |
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Pillar of the Community
United States
3479 Posts |
Is it me or do valuations seem absurd for poor examples?
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Rest in Peace
United States
17900 Posts |
A key coin both for Large Cent and Type collectors, so there are far more people with the 1793 on their want lists than available pieces for sale.
Because of budget considerations there are many from those groups that just want to "fill the hole" and that helps keep the lower grades well supported for higher prices.
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Pillar of the Community
United States
1601 Posts |
Like Mox said, it's supply and demand and the demand is what is truly absurd!
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Pillar of the Community
United States
5825 Posts |
No demand here.
I've got mine.
It's an NGC VG-10.
One less hole in my type set.
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Pillar of the Community
United States
1609 Posts |
If I'm not mistaken, less than 40,000 were made. For comparison, the 1795 plain edge cent had a mintage of over 500,000
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Pillar of the Community
United States
6370 Posts |
For poor grade, yes. They are absurd. For the upper grades, a little less so. I will probably be content getting an old electrotype of the Chain Cent and 1796 Half Dollar.
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Pillar of the Community
 United States
3479 Posts |
Quote:
No demand here.
I've got mine.
It's an NGC VG-10.
One less hole in my type set. Congrats Kanga! What did you pay for it? |
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Bedrock of the Community
United States
17884 Posts |
They made about 36,000 of them, today there are maybe 2,000 of them left in any condition and most of them are in very low grade. Demand for those 2,000 coins is very high from type collectors, date collectors, and then there are several hundred early date variety collectors that need four of them (I have three of them, still need an S-1.). So no matter what condition they are in there are collectors that really want them. Hence the high value even for poor quality coins.
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Pillar of the Community
 United States
3058 Posts |
Quote:
No demand here.
I've got mine.
It's an NGC VG-10.
One less hole in my type set. Post pictures if you get a chance. I would love to see a beauty graded VG 10! |
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Bedrock of the Community
United States
94367 Posts |
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Moderator
 United States
16679 Posts |
Here is my PO01 S-4   swcoin.ecrater.com
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Bedrock of the Community
United States
12057 Posts |
When the number of Chain cents in existence is a tiny, tiny fraction of the number of coin collectors who would like to own one, it shouldn't surprise you that they are expensive to come by.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Replies: 11 / Views: 1,816 |
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Posted 12/27/2016 07:20 am
