2001 sacagawia -s why so expensive

Why is htis coin so expensive. I have checked mintages and other things but it makes no sense?

 

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Good Question

IMO it is all hype. The mintage on the 2004-S is lower than the 2001-S.

It just like the 2001 proof sets costing so much.

 

The only thing I can think of Biggie is that the speculators and the big dealers got caught with their pants down and didn't order enough of these sets....

 

Just another product of the mint and their way of making money off of people that have no clue about what coin collecting is all about. No heart , no soul , no history.

 

hm they didn't charge a high price for the proof set. The people that are making the crazy money are the people the bought them and sold them for 3x or 4x what they paid for them.

 

Shatzy, I agree with you to a point. I bought my neice a 08 silver proof set for her 8th birthday for two dollars more than the mint price from a local dealer. Pretty good deal considering postage, but I bought it with the intentions of trying to see if she will bite at the numismatic "bug' later in life. I just believe that American coins are American history and that the mint is exploiting coin collecting for their own benifit.

 

I disagree.

I think Home Shopping TV shows are more to blame than the US mint.

 

Indeed....

 

2001 Sacagawea premium.

What you need to look at is the grading sheets. I think if you look at how many 2001 Sacagawea coins are graded PF70, you'll find the ratio is much higher for 2001. For example, maybe 1 out of every 6 is graded a pf70 in 2001. Where 2004 might have 1 out of every three that grades a PF70. check the NGC census and i think you'll begin to see the reason for the 2001 premium. Raw coins that have'nt been graded & Pf70 coins should command a premium, but not a PF69(As they can never grade a PF70. Just my opinion on the subject!

 

all grades of 2001 pr sac dollars are expensive not just the 70's

 

The 99 proof sets turned out to be winners so dealers bought a bunch in 2000 (which turned out to be worthless). By 2001 most dealers felt burned by all proof sets with state quarter so they did not buy. They are all in the hands of collectors (in bottom drawers and attics and therefor not on the market).

 

First we were not taking about graded coins.

Second maybe you should re-check the cenus.

2000-S 10280 Graded 1250 70's or 12.16%
2001-S 6505 Graded 819 70's or 12.59%
2002-S 6151 Graded 1299 70's or 21.11%
2003-S 8943 Graded 1545 70's or 17.27%
2004-S 8893 Graded 1262 70's or 14.19%
2005-S 14084 Graded 2568 70's or 18.23%
2006-S 5893 Graded 1784 70's or 30.27%
2007-S 6491 Graded 1442 70's or 22.21%
2008-S 3868 Graded 782 70's or 20.21%

So in your theory the 2000-S will should be the one with cost the most but this is not the case.

 

Present Census

What your current census does'nt show is the grading ratio through the years. The ratio was lower as i remember back in 2003 & 2004(for the 2001 coin). I think it would be interesting to look at the ratio's on those coins after each year. Two factors(1.) The ratio of PF70's (2.) The total number of PF70's. The 2000's ratio is a little lower, but there are many more 2000's graded PF70 available(because it was the first year i assume, more were graded). Your current census shows that there are only 819 PF70 2001's available. And for every 100 more coins sent for grading only 12 will be a PF70. The 2001 will probably always be the key coin for PF70 sets(currently 819 PF70 sets maximum/ i'm not counting 2008 since it will pass the 2001's when more are graded). Total mintage, total graded PF70, the grading ratio all contribute to a coins value. Using those three factors shows the relative price strength of the 2000, 2001, & 2004 proof Sacagawea dollars. The 2000 isn't priced higher than the 2001(although they have similiar PF70 ratios), since the 2000 has a mintage almost a million higher than the 2001. It's my theory & i'm sticking to it! If you went on mintage alone, the 2008 would be the highest priced(and it's not).

 

""So in your theory the 2000-S will should be the one with cost the most but this is not the case." total mintage 2000 S(4,047,904), 2001 S(3,183,740). PF70 coins currently available 2000 S (1250), 2001 S (819). Grading ratio (Both years approximately 12 coins per hundred). Your basing that on grading ratio only. When total mintage & PF70's currently available are factored in, it swings the price premium toward the 2001 S.

 

Proof 70 is a JOKE! This may be the biggest exploitation of this hobby to date, Regards, Pat

 

Pf70

I don't agree with that statement at all. Having a standard for pristinely struck coins is a benefit to the hobby(it really helps novice collectors get what they pay for). I'm sure there are probably some underhanded dealers who hate grading companys, since in it inhibits their ability to rip off novice collectors. In my opinion the biggest exploitation in the hobby today is FIRST STRIKE & EARLY RELEASES designations. The huge premiums that some of these coins command is surely out of line(given the length of time to submit coins with these labels).

 

I agree with you. I personally don't care to purchase PF70 coins because I can't really see a difference when compared to a PF69. If I can't see the difference then I don't see a point for the premium. I'm sure in many cases the 70s are minutely better...but to me it's not worth the extra cost. But, we need a grading standard of some kind.

What's really unfortunate is that there isn't one standard. Each TPG uses it's own guidelines which may be similar but aren't the same. So, there is a bit of an issue there.

 

sacagawia

Which sacagawia has the (pierced eagle) die crack looks like arrow into eagle ??? is it 01 s ?

 

Sacagawea speared eagle

The Sacagawea speared eagle is a 2000 P, and i think it's listed in the Cherrypickers guide.

 

Hmm, I have never heard of this variety before (but I don't really collect Sac's). Does anyone have a picture?