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<p>[QUOTE="Bill in Burl, post: 1917555, member: 23692"]I will echo what Dougsmit and Steve mentioned previously about mintage figures. I would say that well over a million of these 1857 tokens still exist, probably closer to 2 million. If there are only 500 collectors of preconfederation tokens, the supply far outweighs the demand and the prices remain low. For regular US coinage, if there was a similar mintage figure, but 10,000,000 collectors then demand would far outweigh supply and prices would rise appreciably and keep going. If you want to see some whacked out 'price vs mintage' figures, just look at Newfoundland coinage (they had their own until 1947) as was mentioned before.</p><p><br /></p><p>You have mintages of well less than 500,000 where VF's sell for less than $5 at any show and mintages less than 50,000 less than $10. What do you think that a mintage of 38,400 would go for in the US? ... the Newf 1947 5 cent in AU can be had for less than $50 and in VF for less than $10. The dimes for 46 & 47 essentially the same with mintage figures of 38k and 62k. Mintage figures need to be taken with a grain of salt when considering price ... demand means much more and that depends on the number of collectors in that specific (even grade) area.</p><p><br /></p><p>I still think that the original 1857 token is a keeper and something that a collector of any country/denomination would love to have in their collection .. and at a great price.[/QUOTE]</p><p><br /></p>
[QUOTE="Bill in Burl, post: 1917555, member: 23692"]I will echo what Dougsmit and Steve mentioned previously about mintage figures. I would say that well over a million of these 1857 tokens still exist, probably closer to 2 million. If there are only 500 collectors of preconfederation tokens, the supply far outweighs the demand and the prices remain low. For regular US coinage, if there was a similar mintage figure, but 10,000,000 collectors then demand would far outweigh supply and prices would rise appreciably and keep going. If you want to see some whacked out 'price vs mintage' figures, just look at Newfoundland coinage (they had their own until 1947) as was mentioned before. You have mintages of well less than 500,000 where VF's sell for less than $5 at any show and mintages less than 50,000 less than $10. What do you think that a mintage of 38,400 would go for in the US? ... the Newf 1947 5 cent in AU can be had for less than $50 and in VF for less than $10. The dimes for 46 & 47 essentially the same with mintage figures of 38k and 62k. Mintage figures need to be taken with a grain of salt when considering price ... demand means much more and that depends on the number of collectors in that specific (even grade) area. I still think that the original 1857 token is a keeper and something that a collector of any country/denomination would love to have in their collection .. and at a great price.[/QUOTE]
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