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Has roll collecting (hoarding) ruined our hobby?
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<p>[QUOTE="CamaroDMD, post: 444696, member: 5233"]I think is true 99% of the time, there are however a few well known examples. One being the 1950-D Jefferson Nickel which had about 2.6million minted. This coin was known to be produced in small numbers at the time and as a result it was hoarded. This is why you can get a high grade example for around $20 despite the low mintage. Some even claim that circulated examples are rarer than MS examples...although I personally doubt that.</p><p><br /></p><p>Another example is the 1909-S VDB Lincoln cent. Because it was a first year issue, it was hoarded. Now, the mintage was so low it is still extremely valuable. But, look at rare Lincoln's from a bit later...when the series wasn't new anymore and no longer commonly hoarded. The 1914-D (which has roughly 3x the mintage of the 09-S VDB) has very interesting value trends when you compare the two coins. The 1909-S VDB is more valuable in low grades because the mintage number is quite a bit lower. But, look at the MS grade values. The 1914-D is quite a bit more valuable in MS grades than the 1909-S VDB. One of the main reasons is people didn't save new Lincoln's in large quantities in 1914...the series was 5 years old and no longer interesting like it was when it first was released. So, the supply of MS 1909-S VDB Lincoln's is higher than that of 1914-D.</p><p><br /></p><p>Now, other than a few examples...I don't believe hoarding has made any difference with business strike coins. Certainly not since 1950. "Collector" coins are a little different (1999 silver proof set, 2001-S proof sac, 1999 proof SBA, ect) are harder to come by than you would really expect. They have been hoarded by collectors. Combine that with the low mintage and that has greatly affected the price.[/QUOTE]</p><p><br /></p>
[QUOTE="CamaroDMD, post: 444696, member: 5233"]I think is true 99% of the time, there are however a few well known examples. One being the 1950-D Jefferson Nickel which had about 2.6million minted. This coin was known to be produced in small numbers at the time and as a result it was hoarded. This is why you can get a high grade example for around $20 despite the low mintage. Some even claim that circulated examples are rarer than MS examples...although I personally doubt that. Another example is the 1909-S VDB Lincoln cent. Because it was a first year issue, it was hoarded. Now, the mintage was so low it is still extremely valuable. But, look at rare Lincoln's from a bit later...when the series wasn't new anymore and no longer commonly hoarded. The 1914-D (which has roughly 3x the mintage of the 09-S VDB) has very interesting value trends when you compare the two coins. The 1909-S VDB is more valuable in low grades because the mintage number is quite a bit lower. But, look at the MS grade values. The 1914-D is quite a bit more valuable in MS grades than the 1909-S VDB. One of the main reasons is people didn't save new Lincoln's in large quantities in 1914...the series was 5 years old and no longer interesting like it was when it first was released. So, the supply of MS 1909-S VDB Lincoln's is higher than that of 1914-D. Now, other than a few examples...I don't believe hoarding has made any difference with business strike coins. Certainly not since 1950. "Collector" coins are a little different (1999 silver proof set, 2001-S proof sac, 1999 proof SBA, ect) are harder to come by than you would really expect. They have been hoarded by collectors. Combine that with the low mintage and that has greatly affected the price.[/QUOTE]
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