Does anyone know the reason why the coins from Denmark 1876, Particularly the 1 and 2 Ore denomination are at such a high value in Krause World Coins? At first i thought it was a typo for the Ore denomination but then there i saw it was also very high for the 1876, 2 Ore and Krone. The reason why i picked up on it was because i am the proud owner of a mid grade 1875 Ore, and was depressed when i saw the value of the 1876. If anyone has any insight into the reason for such high values please reply.
I don't have a Krause.... are there big differences in the mintages? If not, perhaps a lot of them were melted down for some reason reducing the actual amount in circulation.
the mintages aren't that different, and the there is an example of low mintage for the one Ore making a difference, the 1881 denmark 1 ore only had 260,000 minted ($750 F-12, $3000 MS-60), while the 1876 had 1,483,000 minted ($400 F-12, $1500 MS-60). It is true that many of them could have been melted down, and i did notice that there isn't an 1876 contribution for some of the denominations. Perhaps there was an economic crisis or something.
The reason I asked was because Canada has done that a couple of times during the last century. Most of the fifty cent pieces from 1911 to date average about $20 in VF but the 1921 has a value of $35,000 and had an original mintage that was 10x the other years. Most were melted down because there was little demand for them. The surviving ones came from specimen sets or circulating ones sold to Mint visitors.
Nothing in the mintages suggests the same thing happened, plus the coin is small, bronze, and only about 1.5 million made. There might not be a straight answer but the way Krause gets its valuations is history of sales and asking dealers and experts what fair trade values would be for coins (It is the number one source for world coin valuations). I am sure there is a couple of experts out their with knowledge of Danish numismatic history who could bring some light into this discussion. If Krause came out with a book that fully explained each rare coin (probably identified as being so through record bills of sales, coin populations, and high fair trade values), I would buy it up in a heartbeat. The gargantuan task they have done by compiling all world coins is great enough, but it would be an even greater if their was a reference for coin enthusiasts on all rare world coins with explanations.
Wait for the "world coin" guys to answer. There's a couple that will probably have the answer but they only come around a couple of times a week. Good luck! I'd be interested to find out as well.
Thanks a bunch for your insight, it got me thinking outside the box on this one . . . this is one of the reasons why i love coins, because each coin has a unique history at the broadest levels all the way down to the individual coin (which is hopefully in my possession at the time of learning about it).
Hm, wish I had more info, I know the pre 1900 danish coins, especially nice copper ones, in high grade usually sell pretty well. But I thought the 1876 1 and 2 kroner were fairly common, could be thinking of a different date.... maybe the 1875.... I got extra lucky and found this coin in the .25 cent bin at a somewhat nearby coin shop. 1883 1 ore. I don't know the mintage, I only have the 20th century Krause. Fairly high grade though I think, with a small spot on the obverse at 11 o'clock. The detail on the obverse crown is quite nice, same with the reverse. I have a 10 ore from 1874, but no other pre-1900 Danish coins. My grandfather was Danish, so I have always had a liking for their coins... plus I think the dolphin reverse is beautiful, same with some of their 2 krone coins commemorating various events. Very fun coins.
Yes the 1 and 2 Kroner do seem to have more pedestrian values, though they are still higher than surrounding dates by quite a bit. The 1876 for 1 Ore stands out because they have very high values and rather normal mintages. The 1876 2 Ore had extremely low mintage 231,000. I have the 2007 edition of Krause World Coins 1801-1900 (don't know if that is the newest edition for that one) Your 1883 is quite nice but is one of the most common years between 1874 and 1892 having a mintage of 2,989,000. I will give the run down of values. F-12 = 10.00, VF-20 = 26.50, XF-40 = 37.50, Unc = 90 While the dolphin is nice on this coin, one of my favorite aspects of Danish coins is the Copenhagen mint mark. It is no wonder that it is the happiest country in the world seeing how their national mints mint mark is a Heart!
Heh, yes, I have always liked that mintmark. It surely is a fine country, I've never been, but alot of my family has. Thanks for the info on the 1883 1 ore, I didn't realize it was one of the more common issues, but then again, I did get it from a .25cent world coin bin...
I have never had any luck with those things, I feel that maybe the collector has put one or two "gold nuggests" in the bunch, but overall isn't loosing money on the deal. Some dealers just buy huge lots and remove the silver coins and barely look at the rest. Thats why coins made from less then precious materials interest me so much . . . because there are reasons beyond bullion for there initial value. (Though having silver and gold coins isn't necessarily a bad thing as long you are buying them for other reasons then bullion value)
Ah, yeah I see. Well the nearest coin shop I visit, Old Pueblo Coin Exchange in Tucson, Arizona, has a 25cent bin that I have had much luck with in the past. A couple of small silver Netherlands East Indies 1/10 gulden, a silver Liberia 1960 25 cents, even a holed British 1838 silver 2pence, the 1883 danish ore you saw, and quite a few other nice ones.... nothing too fancy, but still fun and interesting. Yes, the coins of less-than-precious metals have alot of appeal to people. I have a close friend who focuses almost entirely on copper world coins. Part of what I like about the smaller denomination copper coins, is the fact that they were used so much by people at the time they circulated. These were the coins that everyday people used to buy everyday things back then, and in the late 1800s a silver coin could buy alot, so the smaller denomination copper coins got used more, and circulated more I would assume.
