Finally Finished

Not to get away from the point, but I have noticed that it isn't so much if something goes up in cost, because as andrew289 said, everything goes up in cost. This is more or less just money losing more value in my opinion. I have been beginning to try and compare the purchasing power something had when it was minted and seeing the purchasing power it would have if I sold it today to determine how much true Numismatic value it has. Basically as an example, from what I can determine, most common date circulated Morgan dollars have approximately the same purchasing power as the day they were minted. So in reality they have only staved off inflation during the whole time of existence. This to me would not really be of that much Numismatic Value.
So I am trying to say, that I have begun to try and decide what is worth keeping more so based on how much greater its buying power is today than when it was created and viewing that as its true value and trying to assess how much more buying power it will generate in the future or if it has already peaked

 

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If I follow your post correctly the comparing the purchasing power of a Morgan Dollar today compared with when it was minted would vary greatly. If I am getting what you said then allow me to switch it to a Peace Dollar that I know something about.

The buying power when they were first minted in '21 was a dollar. When the series ended, the last year would not have the buying power of the '21. If you look at the buying power of these coins today a '22 has nowhere near the buying power of a '28 based on the price of a collectable coin, but as a coin with a precious metal value they are equal. So if I follow you correctly it woud have to be done cion by coin to include year and mint.

A 1964 Washington quarter and prior has a melt value today of $2.93. If you think a gallon of gas cost about a quarter in 1964, then that quarter has increased in value based soley on its silver content. So that should be about a base price for the '64 with the price of this coin to a collector increasing as the condition rises.

I will say it did cross my mind a time or two the Buffalo Nickels I was purchasing had no precious metal in them and their price was based entirely on their popularity.

 

Congrats Larry!!! Now that you are finished you can send them on to me so I can enjoy them! This is a very nice set to complete, a set that I have given up on a long time ago. Can't wait to see pics!

 

Congrats on your accomplishment!

What now?

 

Congrats!

And, maybe you have something there with the 100 year old thing.....

bob

 

congrats it will be a great investment

 

Congrads for sure on that completion. Is your set in an Album? If so, which brand? I use Whitman Albums for all my coins and now have well over 100 Albums. No slabbed coins at all. Did you include the odd ball ones in your set like the 16 Double Die, 18D/17, 36 and 37 3 legged ones? Always irritated me that my Albums have slots for most of those. Those Indian Head/Buffalo Nickels have always been one of my favorite coins along with the Mercury Dime.

 

In that case the answer is no. The fact that the series is 100 years old will have no effect on its value outside normal increased prices.

Inorder to get prices to jump you should start lobbying the US mint to alter the jefferson nickel for a special one year issue 2013 and re-issue the indian/buff coin in it's place. With a new buff nickel in circulation, everyone will catch buffalo fever and prices would increase, if only for a year or two before settling back down. This is the only thing that will make prices spike.

While a popular series, there are to many dateless buffs and reclaimed nick a date altered pieces to sustain any real mass popular interest in the series.

 

Here is an Example of my Coin Value System. I purchased this Australian Kookaburra 2005 1oz.
Face Value = $0.87 USD
Bullion Value = $16.16 USD
Numismatic Value = $25.00-$35.00 USD

Of course this was a Bullion coin, so its face value is a joke and Retail Value could probably be created to add to this list of values