Forgive my ignorance on this, but I'm sure a large, newly-found hoard will effect the price of most rare coins. Since I known nothing about American coinage (and I have fewer than twenty American coins), could this collection from Stack's potentially affect the price of the 1909-V.D.B. penny (assuming many are "S") or is the supply so large that it couldn't possibly "move the needle"? Thanks in advance for your patience on this, guy
I doubt that 10k circulated coins of a relatively common date will have much of an effect. Now if they were all mint state, that may hurt a bit.
Well the mintage of 1909-(P)-VDB cents was 24 million and the mintage of 1909-S VDB cents about 500k, for a ratio of 48:1. Assuming the ratio in the "unsearched" hoard is about the same, that's around 200 S-VDB's. I doubt that would have much of an impact.
I don't think such a few coins would affect the price by much . Volantes #s are probably close and since the S-VDBs were picked out of circulation and saved most probably survive today .
Yeah sometimes hoards affect the market, but sometime they have no effect at all. There are many different variables that determine which way it will go. A hoard can be 10 coins, a hoard can be 300,000 coins, or anywhere in between, it depends on what specific coin you are talking about. And sometimes a group of coins being found will be called a hoard in the press for no other reason than that's what the people who found it called it when they made their press release.
All of the above. Plus, sometimes slabbed coins from a particular hoard may have an added value to some people; pay a little more for the label.
Nothing, really. The hoard consisted mostly of generic, common, circulated coins. The uncirculated coins were mostly common date Morgans. The market easily absorbed a few million dollars worth of widgets. There was nothing rare, showstopping, or special about this hoard except for the size.
It is like the hoard of 1964 Kennedy Half Dollars recently advertised and being listed as 1st day of issue. Go ahead and pay the $1400+ for one and wait 5 years and watch the value. You will not be happy. JMO
...Sorry, Guy, but it's nothing like the relative scale or, conversely, the innate historical significance of a hoard of, hmm, even AEthelred II long cross pennies. ...Here, the most a detectorist is likely to find, on a really good day, is a class ring. Not really much of a comparison, on either front.
