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<p>[QUOTE=&quot;GoldFinger1969, post: 26110090, member: 73489&quot;]Except that the demand for the 1909-S penny is pretty much just collectors. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p><b>You have many of the MCMVII High Reliefs in the hands of people who have no other coins and don&#039;t know a thing about them. </b> When the coins came out, they were largely distributed to VIPs and given out to people who knew all about the coin and/or ASG as an artist/sculptor....they avoided circulation....hence, most of the ~ 8,000 survivors (maybe more ?) are all very-well preserved, I don&#039;t think I have ever seen one below AU-53.</p><p><br /></p><p>Many of the original owners of an MCMVII HR bequeathed them to their children or grandchildren.&nbsp; Many are in SDBs in velvet pouches.&nbsp; Very well-taken care of.</p><p><br /></p><p><b>At the time, many people who wanted the coins were fans of ASG and knew nothing about Double Eagles, the new coin design, or high relief coins. </b> The coins traded up to $30-$32....but by 1920 they were barely at $22.[/QUOTE]</p><p><br /></p>

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