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 Replies: 32 / Views: 4,071 |
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Moderator
 United States
188990 Posts |
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Pillar of the Community
United States
5318 Posts |
"1856 Flying Eagle cents are worth $3-5. $35.69 - 59.48" Yes, I'll take a dozen in MS, and promptly retire!  I didn't want to do the "time machine", but those 1925 prices are something else! Try to predict what will be valuable in 50 years, and I'll wager it won't be those Statehood Quarters. It sure looks like common date Morgans and Peace were a bad thing to hold--possibly because the US Treasury dumped all those dollars in the 70s? |
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Pillar of the Community
 United States
3499 Posts |
jbuck- I know just what you mean! And Pieces of 8 for under $5...Just crazy.
What was the deal with the market at the time? Was it just that many types of coins were under appreciated or was the populous of numismatists just so small that there were plenty of rare coins to go around?
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Bedrock of the Community
United States
12437 Posts |
Quote:Proof Trade dollars from 1873 to 1883 are listed as being worth 75 cents each Trade dollars were demonetized in 1876 due to a glut of silver on the market. After that, they were only worth silver value- at the time it was 80 cents. So the Trade dollar with 420 grains of silver was worth less than a Morgan dollar with 412.5 grains  |
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Pillar of the Community
United States
3499 Posts |
biokemist6- Thanks for the info! That is rather interesting. Are Trade dollars still technically demonetized? |
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Moderator
United States
188990 Posts |
Quote:
Was it just that many types of coins were under appreciated or was the populous of numismatists just so small that there were plenty of rare coins to go around? I would say a combination of the two. Quote:Are Trade dollars still technically demonetized? Yes. From Wikipedia: In February of 1887, all non-mutilated outstanding Trade dollars were made redeemable to the United States Treasury, and approximately 8 million of them were turned in. They remain the only US coin to ever be permanently demonetized. |
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Pillar of the Community
United States
3499 Posts |
jbuck- thanks for that info. That really is fascinating. When exactly did the numbers of numismatists in the US grow to such a great size? After WW2?
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Moderator
United States
188990 Posts |
You could partly map it to the US population growth: - 1920 - 106,021,537
- 2007 - 303,111,027
The post WWII baby-boom would be a big contributor. One also cannot discount the impact the Statehood Quarter Program has had in attracting new collectors. I would also think our growing economy (especially in the last 25 years) allows collectors to make more purchases than those in the past. |
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Pillar of the Community
United States
3499 Posts |
jbuck- that is all very true, but I cannot help but feel that there had to have been other factors, such as marketing & such that made the concept of coin collecting popular amongst the masses. Could the development of more coin-related periodicals & other media exposure be the cause?
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Moderator
United States
188990 Posts |
Good points, maybe so!
One cannot discount the power of the internet and forums such as this in helping people to accumulate and not liquidate their inheritances!
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Pillar of the Community
United States
3499 Posts |
jbuck- very true, but I also wonder if it also has to do with the fact that the history of US coins is so short. For instance, Many European countries have hundreds or thousands of years of coins for one to collect, but the US only has about 200 years (not counting colonial coins and circulating pieces of 8) and only larger denomination coins from after the US civil war are available to the average joe. I guess my point is that a lot of factors have contributed to such an inflation and spike in the value of coins in the US. |
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Moderator
United States
188990 Posts |
Agreed!  |
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Rest in Peace
United States
1943 Posts |
I just found this thread. I own several editions of the Rare Coin Encyclopedia. On ebay they typically bring $3-$5. Sometimes they bring more. 1925 is a common one. You can find them fairly often in the book section of ebay. The first ten editions are worth more. I think these are dated around 1910. Mehl put these books out into the 1950's. There was also a star coin book the same size put out by Mehl. |
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Pillar of the Community
United States
3499 Posts |
pyrbob- really? hmmm I thought that it was scarcer than that. Oh well, at least it is a fascinating read. Thanks for the info!
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Moderator
United States
188990 Posts |
Good read indeed! I would probably rather keep it than sell it. |
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Replies: 32 / Views: 4,071 |
First Page
Posted 06/06/2008 3:42 pm
