Message:

<p>[QUOTE=&quot;cladking, post: 172375, member: 68&quot;]I&#039;m not saying you&#039;re wrong since it&#039;s impossible to know what the future holds.&nbsp; </p><p><br /></p><p>But you need to realize that since 1932 the mint has refused to make any short runs of coins.&nbsp; If demand is too low for a mint to make a significant number of coins then they simply don&#039;t make any and ship the needed coins in from another mint.&nbsp; They started this because they took umbrage at a coin dealers offer to buy the entire out put of the S mint in 1931 which were still in storage late in &#039;32.&nbsp; Production of circulating coin since this time is determined by projected demand by all the banks as determined by the 12 FED districts.&nbsp; Normally there is no specific demand, ie- a bank can not order peace nickels only nickels.&nbsp; Usually these coins will be circulated and sometimes will be circulated and mixed with new nickels up to 3 years old.&nbsp; They might also get new bnickels up to three years old.&nbsp; Three years is the maximum lenght of time it takes coins to rotate in storage.&nbsp; Since 1972 circulating coinage has not been allowed to sit in storage and coins are removed on a First in, First out basis.&nbsp; </p><p><br /></p><p>Since there are no short mint runs this means that there are usually ample coins for everyone who wants to set them aside to set aside as many as he wants.&nbsp; Up until 1964 huge numbers of new coins were set aside each year but this stopped cold when clads were introduced.&nbsp; No one wanted to set this junk aside and they even stopped saving nickels and cents in mass quantities.&nbsp; </p><p><br /></p><p>Since 1933 this means that scarcity is based on the inverse of the number of people who save the coins.&nbsp; Low mintage often works against a coin because huge numbers will be set aside.&nbsp; Public interest works against it too because the public can set aside enormous numbers as they did with the bicentennial quarter.&nbsp; It&#039;s interesting to note that even though this coin is distressingly common in unc it is still scarce in high grade.&nbsp; To make it more interesting this coin was made in larger numbers in hgigh grade than most other quarters of that era.&nbsp; The simple fact is that people were soi busy stashing away quantities of these that everyone forgot to look and see if any were nice examples.&nbsp; Now days these can bring thousands of dollars in high grade because they were ignored and circulated.&nbsp; </p><p><br /></p><p>It looks like a similar thing has occurred with the westward journey nickels.&nbsp; No one knows how many were saved but it appears it might be substantial numbers.&nbsp; Even if the numbers are substantial there will be a stronger demand for these than other nickels so they could increase in value.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in