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Problem With Finding The Mintage Of A Couple Of Coins. Help Requested Pls.

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yellow88's Avatar
United States
581 Posts
 Posted 07/04/2018  06:43 am Show Profile   Bookmark this topic Add yellow88 to your friends list Get a Link to this Message Number of Subscribers
I have a question for you all. What's the mintage(s)?

I have never seen this NGC's site until I researched a couple of coins from Brazil and I found the same thing with both coins (1861 1000 Reis & 1867 10000 Reis).

Click these links-

https://www.NGCcoin.com/price-guide...duid-1276907

https://www.NGCcoin.com/price-guide...duid-1281538
Rest in Peace
Crazyb0's Avatar
10197 Posts
 Posted 07/04/2018  12:18 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
Well, guessing they are quite similar being values of corresponding years reflect like values except for the overdate. I always put 1/3 of NGCs listed value as a real world figure... At least what I buy for!
Edited by Crazyb0
07/04/2018 12:19 pm
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yellow88's Avatar
United States
581 Posts
 Posted 07/04/2018  12:37 pm  Show Profile   Bookmark this reply Add yellow88 to your friends list Get a Link to this Reply
CrazybO, I'm curiouse about your rational for putting 1/3 of NGCs listed value as real world. Could you enlighten me so I may learn?
Rest in Peace
Crazyb0's Avatar
10197 Posts
 Posted 07/04/2018  12:51 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
Yellow88, I buy alot of coins in on-line auctions (not ebay). I find the going prices reflect that figure...hence my "real world" pricing. Any price sheet, especially those like NGC's are set as a suggested value, essentially arbitrary. They all base their figures on population and a percieved value, not what seems to be actualized at final purchases. You find this even at large scale high dollar auctions like Stack's or Heritage were the rated value of 10 mil goes for 7.5mil when hammered down. Ideally, we would like these figures to reflect reality in the buyer/seller market, but it isn't so.

For instance, I price out a Prussian 1866A Thaler, MS63 @$150.00, my max bid would be $45(taking fees into account). My actual hammer price was $42 against other bidders as well. Now some may say stay at melt value of $10...but I felt it was worth going up because of the grade.

Now, as a final point. I DO use figures as NGC's when valuing my collections for insurance purposes against loss. Since the figure is public knowledge, and my coins are photo-documented, I stand a very good chance of getting a very good replacement in light of a disaster. Most homeowners policies DO NOT cover the loss of any collectable unless proven through documentation and the policy has a rider on them. Keeping your collection secure(safes, deposit boxes) is one thing, how about loss?

Edited by Crazyb0
07/04/2018 12:57 pm
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Alpha2814's Avatar
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2023 Posts
 Posted 07/04/2018  1:20 pm  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply
Weird that Numista doesn't have mintage figures either. That would have been my go-to source for that kind of data. Might be lost forever.
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yellow88's Avatar
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581 Posts
 Posted 07/04/2018  2:18 pm  Show Profile   Bookmark this reply Add yellow88 to your friends list Get a Link to this Reply
Crazyb0 thank you very much for that clear, concise explanation. You really struck at the heart of what has been befuddling me that I myself could not specifically identify much less coherently define thus making it tangible. My last sentence was quite obtuse and probably borderline incoherent but I need to uphold the spirit of and comply with this wonderful forum's guidelines by staying on topic.

Alpha2814 Numista is my go to source as well and not finding the info there really set off a personal challenge as I am very stubborn. I've explored every avenue of research and exhausted all databases I could find. All with zero luck.

I like especially like the gold coins. They add some variety in a world gold coin collection, neat size and weight, interesting historically, attractive IMHO, and based upon the quoted (very low) mintages seem like a bargain when bought at spot or thereabouts.
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United States
1554 Posts
 Posted 07/04/2018  6:25 pm  Show Profile   Bookmark this reply Add Kushanshah to your friends list Get a Link to this Reply
NGC's World Coin Price Guide uses values from Krause Publications Numismaster website (the same values used in Krause's Standard Catalog of World Coins). Obviously, any source that attempts to price every coin issued anywhere in the world over the last 417 years in multiple grades is going to be inaccurate. Updates are few and far between. It is what it is. Better to use these resources for identification and then get pricing from recent auctions. A blank space in the mintage column at NGC and Numismaster/SCWC indicates 'unknown'.
Edited by Kushanshah
07/04/2018 6:28 pm
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