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<p>[QUOTE="cladking, post: 1839619, member: 68"]Thanks for the info. </p><p> </p><p>I prefer to think of "they were all melted down" as simple hyperbole. It was used to highlight the fact that in the late '90's one could go to the bank and get large quantities of one mark coins to search for the '54-G but now this "universe" of coins is gone. No matrter what grade you seek you'll need another source and the typical family with a few old German coins will have very few high denomination coins and no '54-G's. Indeed, most people would have cashed in most or all of their high denomination coins.</p><p> </p><p>The vast majority of those 24 billion unredeemed coins are coins that have been lost or destroyed over the decades and many of the ones that do still survive are low denomination that aren't worth the effort to redeem. I'd be surprised if more than several thousand of the '54-G survive and the vast majority of them are in VG or F condition. </p><p> </p><p>Time has been, is, and will likely continue to be brutal to moderns. They were never loved, they wore out, and now many are being melted. Even still the interest in them is very muted. This is changing but it's changing more slowly than I'd have ever predicted. The fact that copper nickel "junk made" in large numbers can have price tags in the hundreds or thousands of dollars proves that it's changing. When I started looking for these coins they listed for a few dollars each and you couldn't find them. The only change is now they list ay higher prices and they are still elusive but can be tracked down by internet.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1839619, member: 68"]Thanks for the info. I prefer to think of "they were all melted down" as simple hyperbole. It was used to highlight the fact that in the late '90's one could go to the bank and get large quantities of one mark coins to search for the '54-G but now this "universe" of coins is gone. No matrter what grade you seek you'll need another source and the typical family with a few old German coins will have very few high denomination coins and no '54-G's. Indeed, most people would have cashed in most or all of their high denomination coins. The vast majority of those 24 billion unredeemed coins are coins that have been lost or destroyed over the decades and many of the ones that do still survive are low denomination that aren't worth the effort to redeem. I'd be surprised if more than several thousand of the '54-G survive and the vast majority of them are in VG or F condition. Time has been, is, and will likely continue to be brutal to moderns. They were never loved, they wore out, and now many are being melted. Even still the interest in them is very muted. This is changing but it's changing more slowly than I'd have ever predicted. The fact that copper nickel "junk made" in large numbers can have price tags in the hundreds or thousands of dollars proves that it's changing. When I started looking for these coins they listed for a few dollars each and you couldn't find them. The only change is now they list ay higher prices and they are still elusive but can be tracked down by internet.[/QUOTE]
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