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List A Coin You Are Hoarding Because Of Possible Undervalue

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Prethen's Avatar
United States
3233 Posts
 Posted 10/22/2006  12:50 pm Show Profile   Bookmark this topic Add Prethen to your friends list Get a Link to this Message Number of Subscribers
It seems that everyone has a different concept of undervalued. I define it more as under-appreciated and under-recognized. I think there should be one clear delineation, though; it should have a relative low survival rate in circulated grades. In other words, if any significant number of collectors started to want the coin it would be near impossible to find at any price in any grade. Most (if not all?) modern coins, post 1932 fail the low survival rate test, with some possible exceptions in high uncirculated grades.

All right, here are the ones that I'm hoarding:
1875 3CN (totally overlooked)
1888 3CN (easy to find in today's marketplace)
1889 3CN (easy to find in today's marketplace)
1875S (choice-original circulated) 20¢; these are actually pretty common, but many are cleaned or have problems

Ones I'd like to hoard, but only have a single example of now:
1875P 20¢
1876 20¢
1880 3CN
1882 3CN
Edited by Prethen
10/22/2006 1:36 pm
Pillar of the Community
Australia
3831 Posts
 Posted 10/22/2006  1:24 pm  Show Profile   Bookmark this reply Add gxseries to your friends list Get a Link to this Reply
Early Proof US coins are well underlooked in my opinion.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
Member
United States
703 Posts
 Posted 10/22/2006  1:28 pm  Show Profile   Bookmark this reply Add Errorcoins to your friends list Get a Link to this Reply
Bison Errors!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Pillar of the Community
Prethen's Avatar
United States
3233 Posts
 Posted 10/22/2006  1:35 pm  Show Profile   Bookmark this reply Add Prethen to your friends list Get a Link to this Reply
quote:
Originally posted by gxseries

Early Proof US coins are well underlooked in my opinion.


When you state "early proof", are your referring to 1936-1942 or pre-1917 proofs? I'm a huge proponent of collecting and lover of 19th century proofs. I think they're all underrated and underappreciated. The 1936-1942 proofs are relatively common when compared to most of the pre-1917 proof mintages and survival rates.
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nohope587's Avatar
United States
5953 Posts
 Posted 10/22/2006  4:21 pm  Show Profile   Bookmark this reply Add nohope587 to your friends list Get a Link to this Reply
1976 Quarters (If I collect enough I will be able to regulate their value only 1.6billion to go)
I also pick up just about every 2 Cent I come across mainly because there are so many varieties and I am hoping to find some that have not been listed as yet.
Pillar of the Community
Australia
1295 Posts
 Posted 10/22/2006  5:37 pm  Show Profile   Bookmark this reply Add markn to your friends list Get a Link to this Reply
I think Australian threepence in UNC or better condition are under-valued. I also think the later proofs of this coin are under-valued, especially given the low mintages. When florins and pennies move out of the price range of normal collectors Aussie pre-decimal collectors will move onto something more affordable, the lovely little 3d!
Valued Member
Noxx's Avatar
United States
66 Posts
 Posted 10/22/2006  5:44 pm  Show Profile   Bookmark this reply Add Noxx to your friends list Get a Link to this Reply
quote:
Originally posted by nohope587

1976 Quarters (If I collect enough I will be able to regulate their value only 1.6billion to go)



I just returned about 400 of those to circulation. Sorry.
Valued Member
whitesid's Avatar
United States
82 Posts
 Posted 10/22/2006  5:50 pm  Show Profile   Bookmark this reply Add whitesid to your friends list Get a Link to this Reply
about 50 error coins
but I dont know I might start selling them
Bedrock of the Community
United States
20753 Posts
 Posted 10/23/2006  09:01 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
1931D Mercury dime. This one is a sleeper I think. So many people collect Merc's and for some reason no one seams to notice this coin is the 4th lowest mintage of the entire series. 1,260,000 minted. It is odd since there are probably at least 5 millioin or more people that collect that series.
Bedrock of the Community
United States
20753 Posts
 Posted 10/23/2006  09:03 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
quote:
Originally posted by whitesid

about 50 error coins
but I dont know I might start selling them


Not a smart thing to do. At coin shows error coins are becoming a really biggy. Keep on looking.
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cladking's Avatar
United States
2270 Posts
 Posted 10/23/2006  10:36 am  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
There are lots of circulating issue moderns that are scarce or rare in circulation in all grades though they are mostly varieties or special issues. But there are many regular issues that can be elusive and when you do find an example it will be in a condition that most find uncollectible. There are the low mintage S mint cents from the '60's and '70's that are difficult to find because of high attrition but these can be nice when found. Try finding a nice 1969-P quarter. This wasn't even low mintage but these were poorly made, went straight into circulation, and have led a rough life. OK, there are plenty of low grrades and fillers in circulation but nice attractive specimens are quite scarce. (I do hoard this coin a little).

My favorite for setting aside though, especially from circulation, are the type "d" reverse coins made between 1977 and 1984. This reverse is characterized by a larger distance between the right side of the N in UNUM and the eagle's head. There are numerous small differences and a lower relief as well. The early dates of this are quite tough and I save them in any condition but the later dates are common and I save only the nice ones.

Excluding coins from consideration only because they can be found in some grade in circulation is arbitrary anyway. If few people collect them in low grade or poor condition then it's of little import how common they are. If you can't go on the market and buy them in this grade then they aren't available anyway. You can pick up bags of well worn 1908 Indian cents until they're coming out your ears but you'll find accumulating worn 1968 cents to be far tougher. Guess which of these Two Cents is hoarded.

This is especially relevant today since in the near future it's likely that most of the surviving 1968 cents are going to meet up in the furnaces and their product.
Time don't fly, it bounds and leaps.
Rest in Peace
Gary Burke's Avatar
United States
3730 Posts
 Posted 10/23/2006  1:59 pm  Show Profile   Bookmark this reply Add Gary Burke to your friends list Get a Link to this Reply
Sacagawea proofs.
Rest in Peace
Mike's Avatar
United States
2884 Posts
 Posted 10/24/2006  01:07 am  Show Profile   Bookmark this reply Add Mike to your friends list Get a Link to this Reply
Shield Nickels, AU and higher. Mike
Valued Member
madman12000's Avatar
United States
141 Posts
 Posted 10/24/2006  01:18 am  Show Profile   Bookmark this reply Add madman12000 to your friends list Get a Link to this Reply
I just hedge my bets and hoard everything silver I can afford/find. I always go for best quality, but I think Peace dollars are sue for a rise in the future, once more people start collecting them.
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Prethen's Avatar
United States
3233 Posts
 Posted 10/24/2006  3:42 pm  Show Profile   Bookmark this reply Add Prethen to your friends list Get a Link to this Reply
quote:
Originally posted by madman12000

I just hedge my bets and hoard everything silver I can afford/find. I always go for best quality, but I think Peace dollars are sue for a rise in the future, once more people start collecting them.


I've been hearing that about Peace dollars for quite awhile now. They've always seem to be underdogs. Unfortunately, in virtually every year and mint, they're pretty common in just about any grade. That's not to say they won't eventually become in more demand, I'm just not sure there's any particular one I'd want to hoard.
Pillar of the Community
United States
604 Posts
 Posted 10/24/2006  3:49 pm  Show Profile   Bookmark this reply Add Buffaloboy5 to your friends list Get a Link to this Reply
ny coin with a Buffalo on it since people snatch at them quick
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