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01-04-2009, 06:12 PM
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#1 (permalink)
| | Mintage Nut & $1 Stars
Join Date: Jan 2009 Location: Outside Chicago
Posts: 98
My Mood: | Most undervalued coin, or "What's the best deal out there?"
First off, I'm a mintage guy. I look at mintages vs price, and figure out which ones are undervalued and buy those now, and which are overvalued and wait to buy those until (if) the price goes down.
A few years ago, 1914 halves were $30 in G. At 124k mintage. Now they're $140. That was my number one undervalued pick, and I'm glad I bought one. Before that it was 31-S Lincolns.
For the same reason, I just purchased a 27-S quarter in VG/F. At 396k mintage, $50-60 is a great deal. I expect these (and the 27-D, the only other sub-million SLQ other than the 16 and 27-S) will go up in value, say double to triple, in the next 2-3 years.
1913 quarters are also undervalued. At 484k mintage, you can find them in the $20 range G/VG, while the 14-S is $100 at 264k mintage. I expect 1913 quarters to be at $60-70 (in G) in two years, while the 14-S gets to $150 (in G).
What is your call for most undervalued coin? Unless it's modern, let's quote G/VG/F prices (as that's within reach for most collectors). Sure, I think 1881 seated quarters are also underpriced at AU/MS, but at $650, that's a bit more (my expectation is $1000-1250 for them in two-three years).
John
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01-04-2009, 06:30 PM
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#2 (permalink)
| | Treasure Hunter
Join Date: May 2005
Posts: 5,234
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I think the simple ASE is undervalued. I think it's one of the best coin designs ever produced, but aside from that, there are two important elements of value. First, the price of silver seems likely to rise since just about nobody can keep a silver mine open at $11 silver. Second, someday the US Mint will discontinue the series and all of the coins will immediately achieve some numismatic status rather than just be bullion coins, and the price will go up -- perhaps by a lot.
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01-04-2009, 06:34 PM
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#3 (permalink)
| | soloist gnomic
Join Date: Jun 2008
Posts: 1,150
My Mood: |
Offhand, without looking up mintage numbers but knowing prices, I'd say any of the 10's and 20's S-Mint Lincoln Cents. Although prices for the very top grades for most cents have fallen slightly, I still think the series as a whole will advance with the S-Mints leading the way.
__________________ Quote: | Go placidly amid the noise and haste, and remember what peace there may be in silence. As far as possible, without surrender, be on good terms with allpersons. Speak your truth quietly and clearly. And listen to others, even the dull and ignorant; they, too, have their story. - Max Ehrmann - | Type Set 64/129 |
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01-04-2009, 06:41 PM
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#4 (permalink)
| | Coin Hoarder
Join Date: Nov 2008 Location: Wisconsin
Posts: 773
My Mood: | Quote:
Originally Posted by davidh Offhand, without looking up mintage numbers but knowing prices, I'd say any of the 10's and 20's S-Mint Lincoln Cents. Although prices for the very top grades for most cents have fallen slightly, I still think the series as a whole will advance with the S-Mints leading the way. | Don't say that! They need to fall first, so I can complete the series. |
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01-04-2009, 06:49 PM
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#5 (permalink)
| | Senior Member
Join Date: Jul 2008
Posts: 416
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I vote for 20 cent pieces.
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01-04-2009, 06:56 PM
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#6 (permalink)
| | Senior Member
Join Date: Dec 2008 Location: Ohio
Posts: 179
My Mood: | Quote:
Originally Posted by davidh Offhand, without looking up mintage numbers but knowing prices, I'd say any of the 10's and 20's S-Mint Lincoln Cents. Although prices for the very top grades for most cents have fallen slightly, I still think the series as a whole will advance with the S-Mints leading the way. |
I would have to agree. To me the semi-key date coins of the Lincoln Cents have really gone up lately like the 11-D and I think they will continue to rise.
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01-06-2009, 04:29 PM
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#7 (permalink)
| | Village Idiot
Join Date: Jul 2003 Location: Chicago
Posts: 2,496
My Mood: | Quote:
Originally Posted by Nickeldude I would have to agree. To me the semi-key date coins of the Lincoln Cents have really gone up lately like the 11-D and I think they will continue to rise. | I agree. the Lincoln Cenbt collection is one of the cornerstones of the US hobby. It is a gateway for many collectors, young and old. With the commem reverses this year, I think that the Lincoln Cent is going to get a lot of extra attention. When that happens, the scarce to key and semi-keys almost always increase.
__________________
A long term marriage is the process of falling in love with the same person over and over.
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01-06-2009, 04:30 PM
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#8 (permalink)
| | Village Idiot
Join Date: Jul 2003 Location: Chicago
Posts: 2,496
My Mood: | Quote:
Originally Posted by Nickeldude I would have to agree. To me the semi-key date coins of the Lincoln Cents have really gone up lately like the 11-D and I think they will continue to rise. | I agree. The Lincoln Cent collection is one of the cornerstones of the US hobby. It is a gateway for many collectors, young and old. With the commem reverses this year, I think that the Lincoln Cent is going to get a lot of extra attention. When that happens, the scarce to key and semi-keys almost always increase.
__________________
A long term marriage is the process of falling in love with the same person over and over.
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01-04-2009, 08:23 PM
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#9 (permalink)
| | CEO of Brooklyn
Join Date: Oct 2005 Location: Brooklyn
Posts: 10,092
My Mood: |
ancients in the general
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01-04-2009, 09:23 PM
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#10 (permalink)
| | Supporter**
Join Date: Mar 2008 Location: Michigan
Posts: 1,356
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If you're a mintage guy, look at early proofs! You can often pick up a coin with only a few thousand, or few hundred, mintage for a couple of hundred bucks.
I purchased a proof Indian cent once, with a mintage of less than 3,000, for only $50!
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01-05-2009, 12:13 AM
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#11 (permalink)
| | Numismatist
Join Date: Jul 2005
Posts: 2,711
My Mood: |
2005 buffalo nickels. Wanna buy a roll?
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01-05-2009, 12:13 AM
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#12 (permalink)
| | Numismatist
Join Date: Jul 2005
Posts: 2,711
My Mood: |
Really though I love the no stars dimes.
2 year type and great looking.
Last edited by Danr; 01-05-2009 at 12:16 AM.
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01-06-2009, 02:30 AM
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#13 (permalink)
| | Mintage Nut & $1 Stars
Join Date: Jan 2009 Location: Outside Chicago
Posts: 98
My Mood: |
Actually, Danr, quite a few of those seated dimes have very low mintage at what can be considered very reasonable prices. But will they go up?
Not that I'm obsessed with the values of my coins, but I do view my collection as both a hobby and an investment. I wouldn't want any to go down, at least.
Now, perhaps, what key or semi-key coins are undervalued, in your (collective, everyone, not just Danr) opinion?
John
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01-11-2009, 12:02 AM
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#14 (permalink)
| | Numismatist
Join Date: Jul 2005
Posts: 2,711
My Mood: | Quote:
Originally Posted by NetJohn Actually, Danr, quite a few of those seated dimes have very low mintage at what can be considered very reasonable prices. But will they go up?
Not that I'm obsessed with the values of my coins, but I do view my collection as both a hobby and an investment. I wouldn't want any to go down, at least.
Now, perhaps, what key or semi-key coins are undervalued, in your (collective, everyone, not just Danr) opinion?
John | These are a 2 year type, in that regard they have a low mintage. The entire type has a mintage of a little over a million with most destroyed http://www.pcgscoinguide.com/display...bcategoryid=60
Last edited by Danr; 01-11-2009 at 12:06 AM.
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01-06-2009, 08:41 AM
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#15 (permalink)
| | You get what you pay for.
Join Date: Feb 2006 Location: Nebraska/Iowa
Posts: 4,767
My Mood: |
You're spot on with those coins. I bought 2 or 3 27-s and 27-d SLQs when they could be had for $10 a piece. Before that I was buying 1899 Morgan dollars at $30 in F/VF, now look at one. Right now I think you're on to something with 13 and 14-s quarters, I have about 3 13's in VG and would like to get 5 or 6 more. Watch for low mintage barbers to do something in the next few years over all three series.
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