Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Are all 1976-S Ike Dollar Proofs 40% Silver?
>
Reply to Thread
Message:
<p>[QUOTE="Troodon, post: 3956076, member: 4626"]Really it's more that a lot of people assumed the rarest Ike dollar (1973) would become very valuable, based on "keys" of other coin series seeing similar increases in value. But the reason that say, the 1909-S VDB cent is worth what it is, is because many collectors want it to finish a set. But collector interest in the Eisenhower dollars started to fizzle out at some point (about mid-1980's) so a mintage of about a million wasn't low enough if less than a million people wanted them, and the value of it fell back to earth. As I remember someone posting on this board, a coin with a mintage of 2 is still too high if only one person wants it.</p><p><br /></p><p>Ironically a lot of rare coin issues are not worth huge amounts of money because so many people saved them, expecting the value to go up... but because so many people saved them, they are not hard to find, and supply is enough or too much to meet demand. That's why the 1950-D Jefferson nickel can easily be had for about $20 in uncirculated condition; so many people saved it expecting the value to go up that it's actually rarer in circulated condition now than in uncirculated. A similar thing eventually happened to the 1973 Ike dollars. Yes, it's the rarest one... but there's still enough to supply collector interest, and the price dived because of that. But in the 70's and early 80's people were convinced these were great investments, and well, for a little while they were right, but eventually the market corrected the price since supply exceeded demand.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 3956076, member: 4626"]Really it's more that a lot of people assumed the rarest Ike dollar (1973) would become very valuable, based on "keys" of other coin series seeing similar increases in value. But the reason that say, the 1909-S VDB cent is worth what it is, is because many collectors want it to finish a set. But collector interest in the Eisenhower dollars started to fizzle out at some point (about mid-1980's) so a mintage of about a million wasn't low enough if less than a million people wanted them, and the value of it fell back to earth. As I remember someone posting on this board, a coin with a mintage of 2 is still too high if only one person wants it. Ironically a lot of rare coin issues are not worth huge amounts of money because so many people saved them, expecting the value to go up... but because so many people saved them, they are not hard to find, and supply is enough or too much to meet demand. That's why the 1950-D Jefferson nickel can easily be had for about $20 in uncirculated condition; so many people saved it expecting the value to go up that it's actually rarer in circulated condition now than in uncirculated. A similar thing eventually happened to the 1973 Ike dollars. Yes, it's the rarest one... but there's still enough to supply collector interest, and the price dived because of that. But in the 70's and early 80's people were convinced these were great investments, and well, for a little while they were right, but eventually the market corrected the price since supply exceeded demand.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Are all 1976-S Ike Dollar Proofs 40% Silver?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...