I'm starting to come to the conclusion that US coin values are inflated..

1909-S VBB Cent.

484,000 minted.

Value in UNC, $1680

1843 Great Britain Maundy 4 Pence

4,158 minted.

Value in UNC- $90.

1934-S Peace Dollar

1,011,000 Minted

Value in UNC - $1700

1928 GB Crown.

9,034 minted.

Value in UNC- $600.

1849-0 Half Dime

140,000 minted

Value in UNC- $2500


1853 threepence.

36,000 Minted

Value in UNC- $250

 

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Its the demand. How many us coin collectors what an 09s vdb? Every single one. There are not enough for everyone. Thats why they are higher than non us coins

 

Do a search on the 10 highest priced coins and you will find that 8 or 9 of them are US coins. There are more collectors in the US than other places, and in many other countries you will also find collectors of US currency. If no one wants it, I don't care how many they made.

 

That's why I find world coin collecting more appealing. I disregard demand. I wouldn't get a "warm and tingling feeling" buying a MS60 1909S-VDB cent for $1700 when theres 484,000 more of them that were minted.

I do feel warm and tingly when I buy maundy coinage, because less than 5,000 of them were made for my particular year and denomination.

To me, coin collecting is not competitive, I like low mintage numbers.

 

Good God...you are going over to the dark side...no, Luke, don't do it...put down that denarius...Oh The Humanity...

 

You are comparing apples to oranges. A coin could have a mintage of 100 but if only 50 people want it, the prices are going to remain low. Where as if a coin has a mintage of 10,000 and 20,000 people want it, it will be in high demand and the price will be high. And that's not factoring in survival rates or condition rarity.

 

Exactly as CBJesse said. Apples to oranges. You may have a coin with a mintage of 4,000 but if only 500 people want it, the price isn't going go be high. Low mintage doesn't automatically mean someone should shell out $500 for it. Demand in conjunction with surviving examples dictates price. What is there to not understand?

 

One simple answer americans love american coins and foriegners love american coins basically as said the supply is much less then the demand but hey collect whatever makes you excited and happy it isnt about what others like its about what you like !!

 

Nope I don't have one and I don't want one, not even if its free

 

The draw of low mintages is usually because they are hard to come by, but if a coin has a low mintage and its not hard to come due to low demand, then it may as well have been minted in the billions.

 

You posted the above on 30 July... so it seems you've known about the disparity at least a week. You really didn't need to make a new thread in the US section.

 

It's pretty much about the same "discovery" he has made but not an identical topic. So, why not ... What I don't understand is why somebody first wonders about prices and then says "I disregard demand". Well, demand (in relation to what can be had, i.e. supply) is what results in such prices.

Collectors in the US tend to focus on "domestic" coins to a much larger extent than collectors elsewhere, and they are willing to pay even more for coins in plastic coffins . The point is, terms like "inflated" suggest a bubble which I don't quite see here ...

Christian

 

its not like NK can see this, because, I too, once upon a time, commented in a fashion it didn't like and supposedly blocked me. Dont be upset that someone sits and picks apart your thread. I mean, after all, someone like NK knows that comments are supposed to be directed at content and he is just nit-picking....nothing of value added. I don't care if you multi threaded. Or quoted a bad number.

Regardless, to answer your Q....it is supply and demand...plain and simple. US coins are (and always have been) in high demand.

Edited. Try avoiding personal insults. -chrisild

 

You may not care about this, but you may also know that multiple posts are not exactly welcome here, to put it mildly: http://www.cointalk.com/threads/coin-talk-rules.34131/ (see 4 "Multiple posts and/or threads"). As you see, we did not close or remove this topic, but by and large we discourage multiposting and multithreading.

Christian

 

I truly believe Detecto doesn't realize he's doing this. Our boy just loves to talk coins, even though in most cases it's frivolous and repetitive.

 

I agree our coins are over priced here in the USA
To make it worse we now allow our own mint to make coins and even set the price on them even before they know if the minted sets will be wanted.

 

Heck Detecto this is a good thing. If you're getting the warm and tinglies from paying a lot less, that is good for you.

If you are trying to make the secondary point that eventually your maundy coins will go way up in value because "look how many less there are than these overpriced US coins", then yes in all likelihood demand will kill off that idea.

And yes come to the dark side...$20 2000 year old silver coins. Often with total creeps on the front. What isn't to like?

 

Simple fact is more Red Books have been published than Krause catalogs.

 

I agree, while it is in high demand, the fact remains that the 1909s-VDB IS a common coin (relatively speaking). Just look on HA right now, without even checking, I bet there is a dozen for sale. This is why I shy away from coins like this. The three legged Buff is a similar coin. I perfer a coin like a 1914 Matte Proof Lincoln. A coin like that is reletively rare, and if you have a high grade one, all you need is about a dozen people who want one and BAM! you got a market.

 

I think Detecto is wrong about US coins being overpriced, they have much higher demand so even higher mintage coins bring high prices. But I agree with him abouthave a greater thrill in buying a lower mintage or rarer coin even if it is cheaper due to low demand. Yes you may 50 coins and there are only 20 collectors so the price is low, but there are still only 50 coins! It may be cheap, but it is usually NOT going to be easy to find. So when you do find one it is a thrill even if it is cheap. For me rarity is where it's at.