Do you think I did good or bad?

Discussion in 'US Coins Forum' started by acsf89, Oct 31, 2010.

  1. acsf89

    acsf89 New Member

    I usually do not go for a coin like this (grade)
    but the price was not that bad...I paid $32 for it
    and I was wondering if I did good or bad...
    by the way...I do not get this year...
    1896-P 950,000
    1896-O 924,000
    1896-S 1,140,948

    how is it possible that a coin that has more mintages
    than the other two mints be x4 to x5 times the value??

    22g1896BarberHalf1.jpg

    now i've tried looking at (coinfacts.com) and some
    other websites on why this coin is waaay priced and
    considered a key date when the other two has more mintages...

    can anyone help me with this certain coin...
    facts...grade...opinions....

    thanks alot
    and p.s. don't get angry with me for posting too much
    I just have alot of questions to ask!!!
    -acsf89:devil:
     
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  3. Treashunt

    Treashunt The Other Frank

    good?
    You did great @ $32.00

    That piece should go G-4, with a current trends of $125.

    As for the values, remember, it had just recently (at the time) started to become popular to collect coins by mint mark.

    Prior to (about) 1892 a collector just obtained a date example.

    also, remember, there were far fewer coin collectors in the West than in the East, so far fewer pieces were saved.

    Great purchase.
     
  4. Hobo

    Hobo Squirrel Hater

    Value is based on survival rate, not mintage.

     
  5. Coinguy56

    Coinguy56 Member

    +1. The 1877 Indian Cent is more expensive than the 1909-S Indian, there's a few reasons why. The 1877 has a higher mintage, but less are existing in any grade. Because of the last year of the Indian cent, more 1909-S's were saved in better shape, thus making the 1877 more scarce and expensive. Same thing goes for the 1914-D Lincoln cent, less were saved in unc grades, therefor most people think the 1909-S VDB takes the whole cake. The 1914-D cent is the coin to have in MS-63 and up. That seems like the same case on your 3 coins.
     
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