So I have been searching high and low for a estimate and that value of this coin and it has been really hard to find. Maybe one of you guys who have a book handy could help me out. This is a 1957g Bundesrepublik deutschland 2 deutsche mark coin. I found it to be a very low mintage on this particular coin so I just wanted to double check my sources and see if this coin has any value. It is in fair condition, some slight wear. If it turns out to be a valuable date I will post pictures. Thanks for your help.
Money Trend (german catalogue) lists the 2 DM 1957 G at 14 Euros in VF, and 55 Euros in EF. Scarce for the series, but only really scarce at grades of AU and better.
There are several factors working against this coin being a valuable coin. It's not so much the high mintage (2.5 million) as it is the high denomination. People will work pretty hard to retrieve high denomination coins so the attrition is lower. Fewer are kept around the house exposed to fires and floods. These were recognized as being tougher fairly early (mid-'80's) back when more examples existed and had less wear so they were removed from circulation and protected by collectors. Almost none were saved and hundreds of thousands were lost and millions melted with the switch to the euro. I suspect there are still very few collectors of these so it's possible even lower grade coins might become much more highly sought if/ when the collector base expands.
2011 Krause lists the 1957G 2 Mark at $3 VF and $7.50 XF and $135 UNC. In the U.S., I suspect those prices are much more realistic than the high Euro values cited in the German catalog. These postwar semi-keys are almost impossible to sell in the lower grades. I would also point out that the market for better postwar (early 1950s) German stamps has declined steadily in the past 5 years.
This is exactly the kind of mixed results I got in my searches from seemingly credible sources. Btw the g mint mark seems to be one of the lower produced versions from what I found.
