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<p>[QUOTE="lonegunlawyer, post: 1590786, member: 40282"]I don't think they stopped circulating necessarily, however, many were saved (like other coins) and not spent.</p><p><br /></p><p>They are expensive because of demand and that is driven by the fact they are old and only 10 million of them were minted. There is more of a demand for many U.S. coins, therefore, higher prices even though much scarcer foreign coins exist.</p><p><br /></p><p>Basically, it all comes down to supply and demand. The supply of early U.S. copper coins may be more than early Italian copper coins, however, the demand is also much higher. Higher to the point that people are willing to pay more for these early American coins.</p><p><br /></p><p>I just started getting into foreign coins and love that they are on the cheap side. In the last month, I have purchased a 1960 and 1966 500 lire coins. They are just beautiful![/QUOTE]</p><p><br /></p>
[QUOTE="lonegunlawyer, post: 1590786, member: 40282"]I don't think they stopped circulating necessarily, however, many were saved (like other coins) and not spent. They are expensive because of demand and that is driven by the fact they are old and only 10 million of them were minted. There is more of a demand for many U.S. coins, therefore, higher prices even though much scarcer foreign coins exist. Basically, it all comes down to supply and demand. The supply of early U.S. copper coins may be more than early Italian copper coins, however, the demand is also much higher. Higher to the point that people are willing to pay more for these early American coins. I just started getting into foreign coins and love that they are on the cheap side. In the last month, I have purchased a 1960 and 1966 500 lire coins. They are just beautiful![/QUOTE]
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