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Are Rare Date Coins Valuable?

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United States
27 Posts
 Posted 03/13/2018  2:12 pm Show Profile   Bookmark this topic Add gslittlebit to your friends list Get a Link to this Message Number of Subscribers
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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NumisRob's Avatar
United Kingdom
17921 Posts
 Posted 03/13/2018  2:21 pm  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list Get a Link to this Reply
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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John1's Avatar
United States
56855 Posts
 Posted 03/13/2018  2:42 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
There is mintage rarity and condition rarity and absolute rarity.
John1
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SilverDollar2017's Avatar
United States
8715 Posts
 Posted 03/13/2018  3:40 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
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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Finn235's Avatar
United States
6130 Posts
 Posted 03/13/2018  5:02 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
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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Chute72's Avatar
United States
1314 Posts
 Posted 03/14/2018  4:04 pm  Show Profile   Bookmark this reply Add Chute72 to your friends list Get a Link to this Reply
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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hozer's Avatar
United States
422 Posts
 Posted 03/14/2018  8:46 pm  Show Profile   Bookmark this reply Add hozer to your friends list Get a Link to this Reply
It's only worth what someone is willing to pay
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Ariette's Avatar
United States
295 Posts
 Posted 03/14/2018  8:54 pm  Show Profile   Bookmark this reply Add Ariette to your friends list Get a Link to this Reply
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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Finn235's Avatar
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6130 Posts
 Posted 03/15/2018  2:16 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
Here's a fun example from one of my favorite quirky off the beaten path countries:

https://www.NGCcoin.com/price-guide...duid-1484975

Bundi 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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United States
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 Posted 08/26/2018  1:52 pm  Show Profile   Bookmark this reply Add gslittlebit to your friends list Get a Link to this Reply
Thank you, everyone has been very helpful.
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