Market Boom For Die Varieties

liveanddie,

Certified pieces also drive down die varieties

You mentioned 30% drop in key date prices, many die varieties have all done the same some even furth to 50% 60% losses.

The " cherrioes" sacawega dollar was a $10,000+ coin , the last few sold for 2-3,000$ range

The 1988 rdv-006 , 99 wams, 98 wams , 00 wams have all had tremendous price drops after more and more turned up .

So I dont see how a die variety is any " safer a bet " in holding value then a key date would be.
Die varieties can go up or down in value depending how many " new discoveries " are found

quoted from liveanddie

" It's hard to imagine that a handful of dealers got together and set out a plan to inflate a coin "

" I'm stocking up on the 88P and 88D RDVs, picking up every decently priced piece I can find. In a couple of years, you'll see why "

hummmmm.....

Why is the variety market going up? Simple-- because the information is out there now, as it never has been before. Think about it. Key dates are easy to see. Any yhoo can look at a 1932 S quarter and say "hey, thats a 1932 S! There's only x number of those, so if I'm going to complete my collection and I need one that's robably a good price!"

Now think about varieties say 15 years ago.

Only a select few knew what they were looking at, most people literally couldn't see it because they didn't know what to look for. So when it came time to try to sell, they'd need to try to explain to someone who didn't know about it...all without the aid of a book, a digital camera with zoom or the internet. But now there's all these tools out there that simply didn't exist until very recently.


Also you can get it graded/attributed to where no longer is it just you saying "look at this just right, and you'll kind of see a little bit of doubling on the A" you can say definitively this IS an xyz...

So the short answer is more tools, more confidence, and more attribution.

Just to be completely clear...

I in no way said anything to the effect that pop reports have anything to do with why I said most of the die varieties are ten times rarer than almost any key date coin. I pay ZERO attention to pop reports except when playing the high-grade game to get coins slabbed to sell.

Die varieties are ten times rarer because of their nature. Only ONE die produced them. The number struck are limited to the number that one single die can mint. Almost all key date coins were minted with at least two to four die pairs.

If you could find an MS-67 '72 DDO 4, I'd be first in line to pay you double Numismedia's prices.

This illustrates the point that price guides feel it necessary to give prices on all coins in all grades, and end up giving confusing information. I don't know how you can evaluate something that isn't known to exist.

And on that note, I'm also offering a cool million dollars for a purple flying unicorn.

The '92-D Close AM sold for $4,100 BEFORE 15% Buyer's premium. Anything else you want to argue about Coppertop?

Regarding liveandievarieties question about sustained value. I think the answer lies in how the hoarding plays out.
I am not a professional dealer. I have a life. I can spend a weekend going though a box of cents (about a ka-zillion cents per box) and find maybe 50 wheats.... or I can go on ebay, and for the price of mowing a lawn, select from literal MOUNTAINS and 55 Gallon DRUMS of wheat cents with 100% success.
ANYBODY... A-N-Y-B-O-D-Y.... can buy a fantastic collection without ever touching a roll or (in fact) without touching a coin.
Is this enough to drive interest in die varieties in the long run?

I'm going to quote you. I hope the world die variety market catches up to the US. I have a trove of obscure overdates from Sweden.