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Understanding 'Value' Definition On Coinfacts

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cdqguy's Avatar
United States
56 Posts
 Posted 01/24/2019  11:39 am Show Profile   Bookmark this topic Add cdqguy to your friends list Get a Link to this Message Number of Subscribers
I keep running into the term 'value' being used from different perspectives. This is an elementary question, but just confusing
enough to be annoying.

For example:

The 1860-S Liberty Seated dime has a mintage (estimated survival). (rarity) of 140,000(400)(6.2)and PCGS Certified values for VF30/EF40/AU50/MS60 of $500, 600,1250, and $2500.

The 1861-S Dime has a mintage of 172,000 (250)(6.6) with
30/40/50/60 PCGS values of $550, 800, 1050 and $4000.

So the 1861-S has a higher mintage but is considered rarer. For some reason it's AU50-55 values lag behind the less rare 1860-S, but that may be external to my question. Which is:

Ron Guth states in his comments on the CoinFacts Details page for the 1860-S:

"The 1860-S dime compares favorably with the 1861-S in terms of mintage and value, though more of the former have been graded by PCGS than the latter."

Clearly he is considering the lower mintage of the 1860-S to be 'favorable', i.e.,that owning one would be preferable to most higher mintage dates of the series.
But saying that the value is favorable seems inverted to me. Apart from that AU50-55 range, the higher rarity of the 1861-S means that an EF40 is worth $200 more than its SF mint predecessor for that grade, and $1500 more for an MS60 example. So would it not be considered more valuable?
Guth's comment must be from the buyer's perspective, noting that in most grades the 1860-S can be had for less. Maybe he means to say 'in terms of mintage and price'?

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Pertinax's Avatar
United Kingdom
2133 Posts
 Posted 01/24/2019  8:04 pm  Show Profile   Bookmark this reply Add Pertinax to your friends list Get a Link to this Reply
Mintage figures and grades don't tell the whole story.

It's more about supply and demand. In this case, supply is the number of 1860-S and 1861-S Dimes that have survived in each grade, demand is about the number wanted (and people can afford to buy) in each grade. I would expect that the demand for VF30 to be higher than the demand for MS60, simply beuse the number of collectors in this series that can afford $4,000 must be a lot smaller than the number who can afford $550.

In many silver and gold series, the higher graded coins survive more than the lower graded coins.

For instance, British George V (1911-1936) silver coins (3d to 2/6) in low grades are scarce or rare although they used to be common because so many have been melted. In contrast, higher grades have survived well.
Bedrock of the Community
United States
20753 Posts
 Posted 01/25/2019  08:55 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
All are just someone's opinion.
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Conder101's Avatar
United States
17884 Posts
 Posted 01/25/2019  09:58 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
In Ron's statement "favorably" means "roughly equivalent to". They are in the same ballpark.
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