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Replies: 9 / Views: 1,503 |
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New Member
United States
27 Posts |
Are rare date coins valuable only because they are rare dates, or do they need to be uncirculated to be worth much?
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Bedrock of the Community
United Kingdom
17921 Posts |
It depends on what you mean by rare. If only two or three specimens exist, then collectors will be happy to get one in any condition. On the other hand, when hundreds or possibly a few thousand examples exist, the difference in value between a Mint State specimen and one in Good or Very Good will be astronomical - as you can see by checking the Red Book values of coins like the 1893-S Morgan dollar.
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Moderator
 United States
56855 Posts |
There is mintage rarity and condition rarity and absolute rarity. John1 
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Pillar of the Community
United States
8715 Posts |
There are different types of rare coins. For example, a coin may be expensive in all grades (Flowing Hair coins). Others may only be expensive in higher grades ( Barber coins). No, they don't always have to be uncirculated to be worth much. If there is a specific coin you have a question about, feel free to post it here.
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Pillar of the Community
United States
6130 Posts |
Price comes from supply versus demand. US coins enjoy practically unparalleled popularity, and are thus easy to articulate values for. The same goes for most issues of Western Europe, plus many/most Spanish or English colonial coins from before WWII. Indian, Chinese, Korean, Vietnamese, and Japanese coins are also on the rise. When dealing with obscure collecting fields, rarity seldom guarantees a high price, since many will be content with a type collection only. The market is also over saturated with manufactured rarities; entities like the RCM and Franklin Mint churning out hundreds of types of "rare" coin with mintages in the hundreds to low thousands - there is too much to collect, so they take a massive hit in the secondary market because most collectors will take a pass on anything less than a steal.
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Pillar of the Community
United States
1314 Posts |
I've found that most eBayers are not willing to pay a premium for mintage rarity coins, unless they are US.
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Valued Member
United States
422 Posts |
It's only worth what someone is willing to pay
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Valued Member
United States
295 Posts |
If it's a key date in a series that is widely collected, it will be worth a lot regardless of condition. Coins like the 1909-S VDB Lincoln Cent and the 1916-D Mercury dime are worth hundreds in the basest of grades.
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Pillar of the Community
United States
6130 Posts |
Here's a fun example from one of my favorite quirky off the beaten path countries: https://www.NGCcoin.com/price-guide...duid-1484975Bundi was a nominally independent small kingdom in India that still relied heavily on the UK, and in this case put Victoria's name on their coins. This is a long run of coins, bearing an explicit AD date, and overall scarce enough to be worth a good deal more than melt. Of that long run, are there key dates? Almost certainly. But nobody cares to complete the set so they carry zero premium. In fact, I have never heard of anyone even attempting a set!
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New Member
 United States
27 Posts |
Thank you, everyone has been very helpful.
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Replies: 9 / Views: 1,503 |
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