Is this because of lower mintage? 50 times face? I find they are pretty common when roll searching. I don't get it. Any thoughts appreciated.
its because the mint never sold any mint sets in 1982 and 1983 and not many were saved either. This also applies to 82,83 dimes & quarters with the higher value for MS grades. With higher grades this mean like MS65 or better. Very tough to find granted anyone can find a 1982,83 in rolls but its this higher grade that get the value. Snowman
just the MS, and even just the higher end MS. There is an abundant supply in every circulated grade. It's the gem uncs that command the premium.
Watch out for some of the "BU" nickels from 1982. Many have really poor surfaces and strikes! That's what I've noticed from the ones I see on eBay.
One more question. If the MS's are 3.00, wouldn't it worth saving say the AU's? Should'nt they be worth, say, 1.00? Ten years form now when you can't pull them out of circulation like you can now, wouldn't those AU's now be theoretically worth more?
It wouldn't hurt to set them aside. If you think the AU coins might be worth money, keep them! It's only 5 cents.
These couple years are a phenomenon but These couple years are a phenomenon but saving circulated example is a waist of time - a couple of times a year someone will have thought the same thing and saved all the 1983, 2 quaters or halves they could get and broght them in for hopes of making a bundle - know one wants them, know one even wants them at face value - yes at least the 83 quarter is very tough in gem conditon but in AU it's worth a quarter. Reason, anyone that needs one will want one in BU.
I've seen offers of $15 for AU '83-P quarters. I'm pretty sure the advertiser wanted solid AU and better and would have refused just a bunch of run of the mill AU's. I've had an offer of $20 for a mid range AU rejected. These coins are not often seen in nice XF and better. It's true there isn't much demand for circs but there isn't much demand for uncs either. The reason the prices are high isn't high demand but rather that these coins are getting very elusive. Even AU's are scarcer than the '50-D nickel. The quarter sells for about $800 per roll. If it's a gemmy roll it will bring far far more. It's true that these are especially tough in choice (MS-63) and higher but lower grades are scarce as well and will bring good money if they are attractive. The cents are more abundant but I suspect they are underappreciated and their day will come as well. This goes many times over for nice specimens with good surfaces.
Cool. Thanks for the replies. I enjoy roll searching and I like the idea of getting something for nothing. I initially was pulling everything worth over 25 cents, but that quickly became kinda annoying, so I just pull anything below the 60s' now. I was also thinking that a couple decades from now I could hand them over to my young son, even if they were worth only a buck or two, I'd only paid a nickel a piece for the hoard that I would have by then. I remember seeing tons of old wheats when I was a kid and now they're sorta valuable.
That's really kind of my point. Moderns have to achieve their prices with almost no demand. Much of the demand that does exist isn't even what we normally think of true collector demand but rather wholesale demand. These are sets and coins made up for the general public and less knowledgeable collectors who buy them on TV or other venues. This process is quite visible in many places in world coins where the debased coin sells for more than the silver coin it replaced even though there is scant demand for the newer coin. This must be caused by exceedingly thin supply. Lots of newer coins simply weren't saved so even slight demand causes a price increase.
cladking, while I respect your opinion, I disagree. well, your whole first paragraph is spot on. so I guess not completely The second is where you lose me. Whether demand is wholesale or retail it is demand nonetheless. Lack of supply does not always equate high price. take 3 cent pieces for example. The supply is quite limited but yet finding nice ones is not difficult because nobody collects them! There is no demand therefore low prices. neither of these factors can affect a value alone. It is always a combination of the two that creates the price structure.
Of course you're right. It doesn't matter much what causes the demand just the total. This is especially true in the short term. In the long term it matters a little because more knowledgeable collectors won't have overgraded AU's and will keep the coins as pristine as they were obtained. I just got distracted in trying to highlight not only the paucity of demand but its generally poorer quality. Even in the here and now there are lots of the AU's being palmed off as uncs. Future availability will be dependent on current supply and intervening attrition and this attrition might be quite high.
exactly right. In the long term the true value of things tends to find itself eventually and the knowledgeable collectors won't collect junk regardless of how much hype and hysteria. If something truly is junk then the bubble will eventually burst and someone (not the knowledgeable collector, mind you) will be left holding the bag. Another long term affect is when something is hoarded because it is perceived to be scarce. Example: 1950-D Jefferson Nickel. Known at the time of release to be low mintage, so it was hoarded. The hype and hysteria of the day had collectors paying more than $10 for a nice uncirculated specimen. The fact is that almost 60 years later it is quite rare to find a circulated 1950-D and you can buy one for under $10!!!! Can anyone say 2009 dimes and nickels???
