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Valued Member
United States
307 Posts |
What makes a coin rarer than another I will pick 7 coins and let you tell me why one is rarer than the other one. The list price is Red Book price...I know this isn't the best price but I'm just useing it at this time. 1914-D Cent 1,193,000 minted G-4 $120 list price 1908-S Cent 1,150,000 minted G-4 $60 list price 1921-D Dime 1,080,000 minted G-4 $55 list price 1932-S Quarter 436,800 minted F-12 $125 list price 1892 Half Dollar 935,245 minted G-4 $25 list price 1897-S Half Dollar 933,900 minted G-4 $125 list price 1938-D Half Dollar 491,600 minted G-4 $50 list price So what makes a coin go up more than others? As you can see...some with higher mintage are more than the ones with lower mintage... I can tell you one thing...If I don't have these coins yet I'm looking as I think they are good ones/ Just my 2 cents.... Speedy |
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Rest in Peace
United States
954 Posts |
Speedy, At first glance from the list you provided I would say demand is the main reason for the price difference. More people collect the Lincoln Cent than the Indian Head cent therefore the demand for the 1914-D is higher than for the 1908-S. Look at what the majority of people are collecting at the moment. that is where you will find active prices. If you can buy coins from a series that is dormant you will get better prices and when the series becomes active you will profit better. catman  |
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Pillar of the Community
United States
980 Posts |
Location, location, location. Wait- that's what determines real estate prices  First, it isn't just the number minted that determines scarcity- it is the number still out there. Alot of silver coins were melted down, as was gold- extreme example would be '33 St Gaudens gold double eagle 400k minted. Demand is the other part, of course. Looking at silver dollars- they carry a significant premium in almost every "recent" grade and date over equivalent halves say (and not just because they contain more than 2x the silver content). In gold coins you see it as well- but the other way around- double eagles carry less of a premium over gold spot than say quarter eagles- and I assume that is because the $5 piece is more affordable for most folks. Thanks for your post Speedster- I'm now in the market for a 38-d half- looks "undervalued" to me. As does that 32-s quarter. Don |
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Rest in Peace
United States
954 Posts |
Hi SFDuki, In one way you may be correct. That the mintage figures don't mean that much. However since no one can tell just how many of a given issue are still around you can't use a figure that doesn't exist. That brings us back to demand again. When a collector walks into their coin shop and asks their dealer for a 1914-D Lincoln Cent the dealer has a good idea of what it's going to take to get someone to sell him one. The person who has it can sell it to different people and will usually take the highest offer. Since there may be 3x the number of collectors collecting Lincoln Cents the demand for the 14-D is much greater on the supply than its counterpart the 1908-S Indian. This is why one must be VERY careful about purchasing high grafe slabbed modern coins. IMHO the Franklin half is in this danger catagory. Dealers are asking tremendously high price for MS-64 and higher Franklin half dollars. There still could be millions of these haves in there original rolls. If and When they hit the market the slabbed ones will hit rock bottom and be worth what there rarity demands. Right now the Franklin half population reports show that there has beed many more MS-64 graded than MS-63. If the run short of the MS-64 and higher they simply grade some more. IMHO I would go near a Franklin half. That's hard for me to say because I really like that coin and purchase 4 sets in BU at $88.00 per set in the late 1960's plus have several original rolls that I several original tolls I got from my bank in 1958-1963 that I have never broke open. catman |
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Valued Member
 United States
307 Posts |
Catman
I would say you right... I also think and that more people use cents so they get worn down more than Halves.
I guess they are all good for me since I like all of those sets and am working on some of them.
I agree with you on Franklins...they are my pick but the prices are going up so much I'm thinking thye will drop soon....My dealer just got about 5-6 rolls of BU of Franklins...even though I collect them in PF66 I'm thinking about starting a set of MS64 I just have to wonder if I should pay the prices they are now or wait....I passed up a few slabbed MS64FBL last week for low prices becaue it seems like there is more FBL then just MS64's...
SFDukie
Since people didn't write down what dates they melted down and how many it is hard to tell what is rarer than others...I don't think cents were melted as they are copper and not silver.
Where I don't collect gold they don't matter to me!!!
Get a good grade on a 38-D Half...I was able to get mine before they went up last year....I also got a great deal.
I've seen a few 1932-S quarters like teh 1932-D but I just haven't been happy with the grade so I wouldn't buy them...I know some would buy them and then upgrade but I just don't.
As for your other question...I think you are talking about "Speedy"
That is just a nick name that an "Uncle" gave me a long time ago.
I don't drive--but every-now-and-then in the country---don't tell anybody!
I change the speed of my mower with my foot so sometimes I go faster than other times.
Speedy
Edited by Speedy
03/09/2005 4:20 pm
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Pillar of the Community
United States
980 Posts |
Speedy, Of course, I forgot that you are high school age. SF Chronicle recently ran an article about how less teeanagers get their drivers licences at age 16 than even a few years ago, due to increased requirements, insurance costs, etc. http://sfgate.com/cgi-bin/article.c...DTBLB3G1.DTLI'm not aware of cents being melted, either. Many cents get lost, dropped in sewers, left in dresser drawers, etc. than larger denoms, as others have observed. Just curious, why not get the 64 FBLs- check with the experts, but it hard for me to envision "regular" 64s being worth more than FBL MS 64s- even if they are less common in a slabbed poulation series Catman You make an interesting point re Frankies and supply. I like them too, but with a few exceptions am staying away from the super high grade ms stuff and going for eye appeal in unslabbed coins. I know that I am not practiced enough to tell a 65 from a 63, anyway... Don Edited by SFDukie
03/09/2005 8:43 pm
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Pillar of the Community
United States
1247 Posts |
Speedy the price of everything is determined by supply and demand. The trick is figuring out what really is supply and what really is demand. Desire is not demand. Everyone would like to have a Lamborghini but is the plant working 24/7? Demand=desire, intent, and ability to pay. Supply is easier, but mintage figures don't necessarily mean anything. Some coins have higher survival rates in desired grades than others. The circumstances that existed at the time the coin was struck sometimes plays a part in this. Could many people during the Great Depression afford to hoard Barber halve dollars when they needed the money for food? Then there are coins that are "promoted" (hype is a better term) which is to say people are trying to "create" demand. The thing to keep in mind about promoted coins is that they really can't be all that "rare" when every Tom, Dick and Harry has got one for sale. Coins that have a low mintage/survival rate are scarce. But they only become rare when a lot people want one which does not always happen. The 1959D Lincoln Cent BIE is very scarce and was considered the King of BIEs during the heyday of the BIE Guild. It is not "rare" because so few people want one today, if in fact they've even heard of it. If one showed showed up ebay I doubt that it would sell for more than $100. Which isn't much since their estimated value in 1978 was $75. Edited by longnine009
03/09/2005 8:12 pm
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Valued Member
United States
307 Posts |
SFDukie
Th FBL are great...I just didn't feel like spending over $25.00 each for some Franklins right them...If I see then again I might bid.
When I do a set of coins in one grade I try not to go off of that...like my set of Proof Franklins--they must be slabbed by PCGS NGC ICG ANACS and they must be PF66 or PF66CAMEO...I do have one PF67 but that is one I'll use for trade to get a date I need.
I know I don't collect like others...that what makes it fun for me!
Longnine
You make a great point...I'll have to think about that!!
Speedy
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Rest in Peace
United States
2884 Posts |
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Rest in Peace
United States
954 Posts |
Hey Speedy, Can I make a suggestion.? Keep in mind this is just a suggestion. Start collecting Franklin half dollars, raw, by eye appeal not grade number. Attempt to achieve a matched set. When you buy one make sure it matches the ones you already have in your collection. I would suggest that you stay away from toned coins and only go for the blast white. I'm not saying what is right or wrong with this suggestion only that it's a suggestion. I think you will find that you will pay less for the set and when complete you will be able to sell it in 5 seconds or less if you want to. catman  |
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Pillar Of The Community
3147 Posts |
Catman you took the words right out of my mouth. I have a very high grade set of Franklins, in the raw, and have far less in them by them being raw than I would if they had been slabbed. Actually, if they were slabbed, I probably would not have the finished set and started on a second set. Franklin were really a steal for quite a long time but.....they too are now pricey, even in the raw, so my second set is kind of taking a back seat to other desires at this time which is probably a big mistake but.....well, you know how we collectors can be and like it or not, most of us don't have very deep pockets so we must have priorities!!!
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Valued Member
United States
307 Posts |
I'm on lunch break so I'll post later when I have more time.
Catman
Sure...I will listen to any suggestions...I'm a newer collector and am always open to suggestions.
Since I don't like toned coins to much it will be easy to go with WHITE coins!!
I'll think about this and post again tonight...
Speedy
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Rest in Peace
United States
954 Posts |
Yes, Crystalk64, I do know. However coin collectors are real creative and will always figure a way of collecting something they like.
Recently I began collecting Canadian large cent, not mentioning any names, and found I really enjoy it. I found two new dealers in Canada and two other people who also began collecting these. Already we are working out trades for our extras. Even after 50 years of collecting I can get excited about a new collection.
catman
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Valued Member
United States
307 Posts |
Catman
I think what I was thinking most about was---
I see a trend in most coins where slabbs sell better somtimes higher at almost any given time.
If I had to sell (hope I never have to) which would have more of a chance of selling at a good fair price.
I think I like the raw better--Where the grade on the slab is not always right if I do a set of raw I will always be happy with the grade.
Speedy
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Forum Mom
 United States
5877 Posts |
I also prefer raw coins. I feel a lot more comfortable explaining my own grade if I'm selling rather than justifying a TPG grade. I have seen too many TPG's that I haven't agreed with. I think it has to do with not taking the market value of a coin into consideration when I assign a grade, whereas I think that the TPG's do. By the way, I like Catman's suggestion a lot. It is my feeling that a raw matched set, in addition to having better eye appeal, would sell very easily and would hold its value better. |
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Valued Member
United States
307 Posts |
I tend to like the slabs as for the protection and where they can't get finger prints--
I show some of my coins to friends and I always have to tell how NOT to hold a coin...slabs tend to cut down on that...
I'll give Catman's idea a whirl...
Speedy
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Replies: 34 / Views: 2,832 |
Posted 03/09/2005 12:43 pm
