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1971 P Nickel... Scarce?
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<p>[QUOTE="BooksB4Coins, post: 2432877, member: 36230"]After your previous mention of this I did a short and very quick scan of completed listings. My impression was that most had been taken from sets or sold as gen uncs, but again this was only a very quick scan through part of the first page. If circ examples of this date/mint are in fact selling that high, I too would be very interested to know why.</p><p><br /></p><p> </p><p><br /></p><p>Survival is more important than mintage even if in some cases both numbers are far too large to really matter. A good example of this was the 1903-O Morgan, which was considered the great rarity of the series and commanded extreme premiums prior to the discovery of, if I recall correctly, a number of mint bags in the early 60's. If one looked only at the mintage prior to said discovery, they would assume it to have been a fairly common coin even though this was far from the case.</p><p><br /></p><p>I am far from familiar with the histories and availability of such coins, and is why I tagged (?) the gentleman in my first post. If I am remembering the name correctly, I've always been very impressed with his knowledge in this area, so perhaps he'll chime in and shed some light on the subject. Perhaps there's an interesting little history lesson in here somewhere.[/QUOTE]</p><p><br /></p>
[QUOTE="BooksB4Coins, post: 2432877, member: 36230"]After your previous mention of this I did a short and very quick scan of completed listings. My impression was that most had been taken from sets or sold as gen uncs, but again this was only a very quick scan through part of the first page. If circ examples of this date/mint are in fact selling that high, I too would be very interested to know why. Survival is more important than mintage even if in some cases both numbers are far too large to really matter. A good example of this was the 1903-O Morgan, which was considered the great rarity of the series and commanded extreme premiums prior to the discovery of, if I recall correctly, a number of mint bags in the early 60's. If one looked only at the mintage prior to said discovery, they would assume it to have been a fairly common coin even though this was far from the case. I am far from familiar with the histories and availability of such coins, and is why I tagged (?) the gentleman in my first post. If I am remembering the name correctly, I've always been very impressed with his knowledge in this area, so perhaps he'll chime in and shed some light on the subject. Perhaps there's an interesting little history lesson in here somewhere.[/QUOTE]
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1971 P Nickel... Scarce?
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