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 Replies: 32 / Views: 15,308 |
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Bedrock of the Community
United States
11951 Posts |
As a collector in the 60's, 70's and 80's it seemed that any coin that was at a million or less was considered a low mintage coin. Coins like Lincoln 1909 S vdb, mercury 1916 d and even a 1921 Peace dollar right at a million mintage, were the ones everyone wanted. Then you have a coin like the 1950 D Jefferson nickel at 2.6 million. These were save in such numbers that you can purchase nice MS example for $10 to $20. Now it seems that coins with mintage less than 40 million are being looked at as low mintage. It seems strange to me that 2009 nickels are selling for over $12.00 each and rolls on ebay at $45.00+. I also had a E mail a few weeks ago from valley coin that said they were buying 2009 rolls for $20.00 each. Will these coins go up in price and then crash, or will stay at high levels. Who really knows. The part of all this, that is hardest for me to take is ... that I want some rolls... but have not seen a single 2009 nickel or dime yet. |
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Bedrock of the Community
United States
12437 Posts |
Did you know that BU 1950-D Jefferson nickel rolls once sold for ~$1000 in the 1960s? Current Greysheet Ask is $350 so you can probably figure out what will eventually happen to these modern "rarities". |
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Bedrock of the Community
 United States
11951 Posts |
biokemist
WOW ... no I did not know that .. $1000 in the 60's .. is a lot of money
Yes .. I can see something along those lines happening with the 2009's
It would be nice to be one of the lucky ones, to find a box full or rolls.
Save a few .. and sell some at the high prices.
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Moderator
 United States
15391 Posts |
 with biokemist comments for sure. IMHO the current scarcity of US Mint 2009 and perhaps 2010 circulation strike coins is a result of a lack of distribution ...... and when the floodgates open (as they will) .... these coin values will crash from the unsupportable highs of today. Buying rolls of these coins today at current prices is a bad deal in my opinion. David Edited by nickelsearcher
04/27/2010 9:32 pm
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Pillar of the Community
United States
3294 Posts |
Hmmm, how can I short sell these coins like you can with stocks?
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Pillar of the Community
United States
7840 Posts |
Not trying to be a smart aleck here, but I would consider "any coin that has a greater collector demand than availability". The 2009 Nickles and dimes for instance; few are available (or even seen), and more collectors seeking them (like me).  |
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Bedrock of the Community
United States
17884 Posts |
Quote:
WOW ... no I did not know that .. $1000 in the 60's .. is a lot of money No kidding and if you look at it not as the actual dollars and cents figures but as purchasing power it becomes even worse. The purchasing power of that $1000 in 1960 is the same as the purchasing power of $4,250 today. That roll of 50-D nickels would have to be worth $4,250 just to break even. So although a $1000 to $300 drop in price looks like a little over 66% drop, in purchasing power it represents a 93% loss in value. |
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New Member
United States
37 Posts |
does this apply to silver dollars? like 2010 silver eagle?
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Pillar of the Community
United States
2120 Posts |
I'm pretty sure its worth so much right now is cause no one is finding them as easily as say 2009 cents. but after a year or so once the have circulated around better, things will even out. This is a game of time. Why pay a premium just to fill a slot when you can just fill it in two years for a fraction of the price it is now...
The dealer I go to regularly told me if I only ever learn one thing it's: "Don't buy coins that are popular. You'll always pay way more than they are worth cause "everyone" wants them. Eventually they (people) will move on and you can get one at a reasonable price."
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Pillar of the Community
United States
6326 Posts |
In part, I think a "low mintage" consideration needs to include population pools of coin collectors coincided with the Country's population at that time. And a "Modern" low mintage, in a way, should be a slightly different consideration than an older "Classic" low mintage....or in this case, simply 50 years ago. In other words, it doesn't seem fair to me to compare a coin mintage of today with one 50 years ago.....or 100 years ago....or whatever. Isn't it relative to "people" population in part ? I think so. At least based on "coins needed". Minting hundreds of thousands per capita in one decade or generation, versus minting millions per capita in the next decade or generation, versus minting billions per capita in the next decade or two, or generation. More and more minted every couple of decades, but still proportionate to population (supposedly) ? A "Modern day low mintage" should be looked at just a little bit differently. How many coin collectors were there in 1960 with the population of the U.S. ?.....how many are there now with 330 Million people here ? There are so many other factors too....and more important ones I understand, but nonetheless....still "a factor" IMO. And simply having a "lowest mintage in 50 years"....or even more than that, would never guarantee or automatically equate to a "high value" or a "demand".....but..... doesn't matter to me. It still makes something "collectible".....and have a "potential" for some interest at some point in the future (possibly even after I'm dead and gone---and that's fine too, because I collect for those I leave behind and who will follow behind in future generations ! ....Not just the "here & now"....or "quick profit-turnaround ebay money"......  ..) They say that the United States is on track to have ONE BILLION PEOPLE IN IT, IN A FEW MORE SHORT DECADES ! Remember when everyone used to freak out about the population of China and/or India....? ...Well.....WE'RE GOING TO BE LIKE THAT TOO NOW ! .... So then.....how many "coin collectors" will there be in 50 years if we have ONE BILLION PEOPLE HERE IN THE U.S. ? Will there be enough "Northern Mariana Island "P" Mints" to go around for 680 Million coin collectors at that time ? Would this then equate to a "low mintage" for you and agreed that there could at least be a "potential" for some "demand/value" ?.......And say, comparatively, at that time, 50 years from now, the Mint is producing 1 TRILLION QUARTERS EACH AND EVERY YEAR ! ...... How could this quarter then NOT be considered a "low mintage" ? I guess this is what I mean when I ask....."isn't it relative" to the decade and "times" ? ....  I realize that this thinking is "flawed" in many ways and on many levels by experts far wiser than me..... ....... But I declare......I shall cling to this as though I had the last french fry at Fat Camp ! ..  .....  Just food for thought here from a tired ramblin' man ! .....  Edited by eaglefoot
04/28/2010 5:01 pm
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Bedrock of the Community
United States
12437 Posts |
Quote:
does this apply to silver dollars? like 2010 silver eagle?
A Silver Eagle would be a different case from circulating coinage since there really isn't an attrition rate for Eagles, unlike circulating coinage. Attrition is basically the loss of numbers due to excessive use in circulation, loss, or damage/destruction. Circulating coinage can have a high attrition rate and that can make a particular coin quite valuable over time. Silver Eagle surviving numbers would stay fairly close to the original mintage since they don't circulate and are generally kept safe due to silver value. The 2010 Silver Eagle is still being minted so who knows what the final mintage will be, it was around 30 million last year and 20 million the year before and will probably be large again this year. Even the toughest date(1996) is not a particularly rare coin and is only worth around $60. |
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Pillar of the Community
United States
613 Posts |
I just looked at the population of 2009 nickels and dimes. There are millions of them we just have to be patient. I saw an ad for the 2009 nickels&dimes 99 cents each. I'm not gonna pay 10-20 times face value that will eventually be in my hand at face value. People paid out the yazoo for 2010 cents, well they are now becoming a everyday accurence. Save your money and be patient.
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Bedrock of the Community
United States
11951 Posts |
Eaglefoot I understand what your saying .. and I agree. There is no doubt there is a bigger collector base for U. S. coins then there was 50 years ago, and if the world economy stays stable that base will continue to grow. Another factor is the internet, with site like ebay .. online coin stores and even sites like this one. We have people on this forum from all parts of the world collecting U. S. coins. But I also have to consider that the government must be sitting on millions of coins, like 2009 nickels and dimes and possibly some territory quarters. How and when will they be released? Will collectors get a chance to put away BU rolls in enough quantity to fill the needs of the high grade collectors. Or maybe at some point they will make a deal with .. home shopping network! Edited by GR58
04/28/2010 9:41 pm
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Valued Member
United States
463 Posts |
Thats one thing that I found funny when boxes of 2010 pennies going for 100+ on ebay. I found a 5 full roll at a bank today of 2010 pennies, I was looking for copper though but I due like the design on the back so I guess I will keep them. I never really understood why someone would pay over face on coins that you will eventually find in your pocket or simply go to the bank and buy some rolls and hope to get them. |
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Pillar of the Community
United States
581 Posts |
Everyone is missing the boat here.
There are WAY, WAY more coins than all the world's coin COLLECTORs will ever need.
What is implied in all this are the HOARDERs. Not COLLECTORS.
Over 140 years ago, the government had to print Fractional Currency because everyone was HOARDING (not COLLECTING) the coinage.
There are dozens of examples of HOARDING since the mint began production.
However, having said that, 680 million Mariana Island quarters is WAY more than even the hoarders can handle!
Anyone want a bicentenniel quarter or half? I got 'em for 0.25 and 0.50 plus shipping!
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Bedrock of the Community
United States
11951 Posts |
I think some of you are missing what is trying to be said here.
- No one is saying run out and pay top dollar for these coins, 2009 and 2010 coins that are harder to find.
- I think most are saying that if they can find some rolls at or near face value, they would put them away in hopes they will hold some value. Or I am sure sell some of those rolls when the prices are high.
There are many coins that have a higher value based on the perception that they are rare. Like the Sacagawea 2001 S proof. This is considered the key for the series, but is not the lowest mintage.
The price has been coming down, but for many years it was selling for $50 to $100.
In my opinion in this hobby/business you should take advantage of price swings. I know this is not for everyone. But most people, if they have a extra coin or extra rolls of coins in their collection, they have no trouble selling them when they are high.
Coin collecting is about knowing what coins are worth, what you can buy, sell or trade for. Not what you think they should be worth.
For me I know I would buy 50 rolls of 2009 nickels at $10 a roll .. if I knew I could turn around and sell them at $20 a roll. Just don't get caught with them when the price drops.
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Replies: 32 / Views: 15,308 |
Posted 04/27/2010 9:27 pm
