Why Is The Puerto Rico 1895 1 Peso Silver Crown Relatively Expensive?

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Author	Replies: 4 / Views: 1,969
newguy22 Valued Member United States 277 Posts	Posted 02/25/2021 2:27 pm https://en.numista.com/catalogue/pieces17449.html Numista has this coin with a mintage number of over 8,000,000 pieces, which is quite a large number and comparable to many Morgan dollars minted around the same time. Yet, a circulated piece can go up to $200 dollars! A quick ebay search and a lot of the coins are priced at least over $150. Would any of you guys know the reason for why this is? Is there particular demand for this coin in Spain, which would explain the price hike? Were many melted? Report this Post to the Staff

norantyki Valued Member 404 Posts	Posted 02/25/2021 2:36 pm High attrition rate in my opinion, combined with a large collector following (Puerto Ricans, Spanish, American, Colonial, Crown, world silver collectors). There are some serious experts on these particular issues on this forum though, who I eagerly give the floor over to ;) Report this Post to the Staff
oriole Pillar of the Community Canada 5240 Posts	Posted 02/25/2021 8:04 pm There are not many Puerto Rican coins around. I rarely saw them when I was more active looking for world coins. I think that this is the only Puerto Rican Crown, which makes it desirable. Report this Post to the Staff
Sap Moderator Australia 16829 Posts	Posted 02/25/2021 9:55 pm I can think of two main reasons: - Many were presumably withdrawn from circulation and melted down, once the island became US territory and the coins no longer legal tender. Reduced supply. - As a current US territory and "back of the Red Book" country, like Hawaii and the Philippines, Puerto Rico is much more popular with American collectors than your typical "foreign coin". Thus, high demand. Reduced supply and increased demand equals higher prices. As far as I am aware, there isn't very strong interest in Spain itself for collecting coins from the former colonies. I don't know how aware the folks in Puerto Rico itself are to collecting their old coins, but I suspect demand from the mainland USA would outstrip local demand. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis Report this Post to the Staff
jbuck Moderator United States 188481 Posts	Posted 02/26/2021 09:57 am Very interesting analysis. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
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