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 Replies: 50 / Views: 11,720 |
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Pillar of the Community
United States
2204 Posts |
Are there any coins, in your opinion, that are overrated? Meaning that they continue to attract a lot of attention and fetch high prices when they may not really be that rare or necessarily a coin one would want to own.
Likewise, can you think of coins you find to be underrated in that they really are on the rarer side, yet they tend to be affordable and easily found?
I am speaking of either specific dates and mints for a specific type, or even an entire series.
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Pillar of the Community
United States
1590 Posts |
I think Peace dollars are waaaay under rated! Except for the 1921 and 28, you can buy almost any issue at Melt. I picked up a 27d and 26s in MS condition for Melt. My local Bullion dealer has about a dozen 21's for sale that he picked up for 25$-27$ a piece. He started off with Grey sheet bid and now he is going with 80 percent because of the lack of buyers. Of course none of these are MS, but still nice coins. I also think Franklins are under rated. It is a nice short easily collected series that with some real careful buying right now can be completed in MS for around $600. Not including proofs. But again I have been buying proofs at melt and have them back to 54. The only one I paid more for was the 54. I paid $20 for it. Something I would/and am stocking up on right now are Key and semi Key Roosies. Again at Melt. Including the 48s and 49s. I have not found one dealer that cared about the dates on the Roosies they get in. And lastly; Jeff nickels with full steps. That is a cherry pickers dream! Very few dealers are asking for a premium right now for full step Jeffs. I think that is a market that will come alive in the next 5 to 10 years. Affordable. Something a lot of collectors will look for when Silver is priced out of reach. |
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Pillar of the Community
United States
3345 Posts |
Under rated? Oh yeah! If the series was more popular these coins would go for thousands, but they don't. 1866-S No motto Seated Liberty Half mintage: 60,000 RedBook has $900 at F-12  1874-CC Seated liberty Half mintage: 59,000 RedBook has $1000 in F-12 1884 Seated Liberty Half mintage: 4,400 RedBook has $400 in F-12  1867 Seated Liberty dimemintage: 6,000 RedBook has $950 in F-12 Over rated? All the way, but this is because the series is MUCH more popular-I think. If anyone knows why these coins arent as valuable as they should be, please inform me. 1916-D Mercury dimemintage: 264,000 RedBook has F-12 at $2600 If the 1867 dime was in a ratio to the value of the 1916-D dime, it would be worth $41,800 Sleepers, methinks.  |
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Pillar of the Community
United States
3540 Posts |
Overrated? Hah...that is easy. Coins with problems. The problem will NEVER go away. Just kills me when I see coins with obvious problems still priced at or near a non problem grade. Still believe Standing Liberty quarters are underrated. High grade (62+) Buffalo nickels. High grade (63+) Lincoln cents throughout. Redder the better. Personally, most, not all toned coins are not eye appealing to me. So those go into the overrated category. Toning can be faked, so I don't buy them anyway. |
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Bedrock of the Community
United States
10045 Posts |
Another underrated coin might be the Liberty 12-S nickel, mintage 238,000; RB in F12 $285. Underrated vs overrated IHC 09-S (309,000) vs LWC 09-S VDB (480,000). Of course, the first year of a series is higher-profile. |
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Valued Member
United States
450 Posts |
I think the 38 D half is over rated. You can pick these up on ebay for about 70 % of greysheet bid. There are just a ton of them out there to be had. |
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Pillar of the Community
United States
4132 Posts |
That's weird, I was thinking of posting the same thread. I think 3 cent silvers are underrated. The later dates are expensive, but do they really reflect the mintages of just a few thousand? The three-legged buffalo is hugely overrated. There are lots of die abrasion errors that are similarly dramatic and attract zero attention. Speaking of Mercury dimes, the 1916-D is overrated in AG and lower grades. They're always available; I don't think the 300-400 for such low grades is justified. The prices for nicer circulated grades I think are more justified by the scarcity in those grades and the popularity of the series. Lots of early branch-mint Mercs (i.e. most of the 1920s) are underrated in higher circulated grades like VF and XF problem-free. They may be priced appropriately, but the difficulty in finding them is really understated (probably because they're mostly very common in low grades). Some seem to be more common in MS than XF. The 1945 micro S is overrated. It's the only mint-mark variety with a dedicated hole in most albums even though there are quite a few different mint-mark styles in the series. Why not the more interesting 1928 large S which spans multiple denominations as a one-year anomaly? Why not the two different types of 1917 and their associated mint-mark styles? I think large and small date Lincoln cents are overrated. |
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Pillar of the Community
United States
651 Posts |
1909 s vdb plenty out there high popularity high cost-not rare easily available just $$$ CC Morgans plenty out there-high popularity-high cost-not rare easily available just $$$ I could go on with many more US coins...sorry folks. When you've been working at a coin shop, you get to see alot. What is underrated are the Seated half dollars with low mintages under 100,000 minted. Also some of the pre WWI foreign coins are underrated. Edited by fcrazo
09/16/2011 10:54 pm
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Valued Member
United States
450 Posts |
The 3 cent nickel proof onlys are crazy low for their low mintage figures.
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Pillar of the Community
United States
745 Posts |
Canada 1 cent coin OVER-rated... it continues to attract a lot of attention and fetch high prices BUT is not really rare:
2006 NO P / NO LOGO Magnetic; this coin is supposed to be made of Zinc but many steel blanks were used in error.
There many people that have found this error coin, some even own 2-3, but they are being hoarded by most.
one guy posted here that he found this Canada 1 cent coin in Ohio and of course he is keeping/hoarding it!
My guess is that 100,000-500,000+ exist. if everyone put their hoard out on the market at same time, this coin would sell for $10 instead of $100
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Rest in Peace
United States
4849 Posts |
This is a really tough question for me. Lots of the coins that have been mentioned, I agree are not as scarce as the dollar they command indicates. But, there are 2 sides of the equation, supply AND demand. The 1909-s vdb is no doubt a very available coin....but it is also probably the most sought after small cent period. There is a lot of history and drama, and the value of this coin has never shown signs of waining since the day it has been released. I would guess that the s-vdb will continue to hold it's value in the future. I guess if I am going to call a coin overrated, it would be a coin that has a value track record of being really low, but then suddenly changed; or has high potential to do so. Like various modern "errors" that are ultra hot for a minute, but then drastically lose value once more are discovered. Also, MS-70 modern bullion to me is overrated...does an unnoticeable difference between 69 and 70 justify doubling the price? What if the TPGs suddenly lax a bit, and then many former 69s become 70s? The whole "MS-70 premium" thing doesn't make sense to me, if a 69 looks exactly the same in most circumstances. Underrated coins are just as tough. I would say some of the tougher low mintage keys in series that aren't as popular "3 cent nickel, seated half" etc could have a lot of room to grow if they started getting popular. Of course, the 1916 Standing quarter and 1856 flying eagle are THE most underrated keys of all! ;-)....not that I'm biased or anything.....:-P |
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Pillar of the Community
United States
3755 Posts |
The "availability" argument doesn't fly IMO. Here is why. The two "over rated" coins mentioned so far because they are so available: the 09S VDB and 38D.
09S VDB mintage:484,000
38D mintage: 491,600
Both coins less than 500,000. At best, there are ONLY that many out there. We all know there are nowhere near as many as were minted still floating around out there. Lets say 1/4 of these coins are gone, and thats a low percentage. That leaves only 300 and some odd thousand of each one out there. I would be willing to bet its more like half (especially for the 38D as it is silver and I would bet all you alls salaries a stink load of them have been melted). You see the point. Just because they can be found doesn't mean they are over rated.
Even if every last one of them was still out there, there are less than 500,000 of them! Period. No more than that. EVER. Compared to the mintages of the same year different mint/VDB mark. All of those well more than twice than either of these coins.
32D quarter mintage: 436,800. Comparable to these two coins. They are just as available as they are. I have one sitting right here on my desk as a matter of fact. They command high prices in low grades as the other two do. Yet I hear no one calling a 32D over rated.
So, really, I dont believe there are over rated coins with mintages below 500,000. They may be more or less popular, but they are not over rated.
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Pillar of the Community
United States
4989 Posts |
A problem with the 1909-S VDB is that they were horded as collector items almost immediately. Hence, a large portion of the population survived and all tend to be in excellent condition with many mint state examples.
Despite that, they sell for a price that would suggest only two or three thousand exist.
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Pillar of the Community
United States
870 Posts |
The thing with the '09 S VDB is it's SUCH as EASY series to complete! You can have a complete lincoln set (minus the DDO's) for under a grand, easy! If you're good or lucky, under $500! What coin collector isn't going to do that? As a result, if you want to finish your series, and if you're 1 coin away, aren't you? You don't mind paying more for your holy grail coin to complete your series. So while the supply of them is rich, the demand is richer, thus the price is held high. Wanna know an underrated Lincoln? I think the steelies in high grade are CHEAP. You can get 66's for under $100! Actually, close to $50 if you're sharp. 65's are peanuts. I never would have guessed that (this is a recent discovery for me). And in 67, they look SO good! A strong PCGS 67 is under $200 and it's simply gorgeous. Then again any Lincoln in 67 is pretty danged attractive... Of course, 68 is another story - both for beauty and for price. |
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Valued Member
United States
56 Posts |
I dont think something can be overrated if people are willing to pay what is being asked. I'm not totally sure, but I think the 32d quarter has gone down in price recently which would mean it was overrated. The 16d merc has never gone down in value, so it cant be overrated now. You cant underestimate how much people love certain types of coins (mercs, lincolns, ect), I feel people will always love those, and if you want to complete the sets of those beloved coins, you need the keys. People dont seem that in love with the Washingtons, so the value of the 32d can go down.
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Pillar of the Community
United States
952 Posts |
I think that many of the problem coins are overrated....even in a rarity like the 1877 Indian, as someone else said, the problem is never going to go away. true non-problem coins that are totally unmolested and high grade are much more difficult to come by and IMO the only way for a true collector to go if he/she can afford them. This would hold true for any series.
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Replies: 50 / Views: 11,720 |
Posted 09/16/2011 10:26 pm
