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SLQ - Mintage-To-Value Question

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Valued Member

United States
275 Posts
 Posted 03/08/2017  10:31 am Show Profile   Bookmark this topic Add Dlangs56 to your friends list Get a Link to this Message Number of Subscribers
Hi all -- looking through my SLQ album and I can't figure this out, thought I'd ask here. 1921 and 1923-S are some of the key coins of the series. I see coinstudy.com prices in G at 111 and 227 respectively, with mintages at 1.9 million and 1.4 million. Then I look at 1927-D and 1927-S, more rare at 1 million and 396 thousand, yet valued far less at 7.65 and 34 in the same condition. What is the reason?
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Imthealphaomega's Avatar
United States
3210 Posts
 Posted 03/08/2017  10:34 am  Show Profile   Bookmark this reply Add Imthealphaomega to your friends list Get a Link to this Reply
First off the 1927 D and S were saved more in quantity and secondly their dates didn't wear off as easily as the coins dated 1916-1924. Basically once the date is gone there is no way to tell if you have a 1918 S or 1923 S, the mintmark doesn't get faded unlike the date. It is rare to see a 27S in higher grade, most come in low graded from ag3-f12. These are a few reasons why the price differential is so high.
Valued Member
United States
275 Posts
 Posted 03/08/2017  11:02 am  Show Profile   Bookmark this reply Add Dlangs56 to your friends list Get a Link to this Reply
Good answer, thank you!
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Coinfrog's Avatar
United States
94367 Posts
 Posted 03/08/2017  4:56 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Indeed, that info from Imthealphaomega is spot on.
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moxking's Avatar
United States
17900 Posts
 Posted 03/08/2017  8:19 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
You've spotted just one example of mintage versus circulation use resulting in seemingly "cheap" prices for lower mintage issues.

There are a lot of such examples within the U.S. coin series. Learning those discrepancies as you did here really helps to fuel the need for even more knowledge.
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