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<p>[QUOTE="cladking, post: 498607, member: 68"]Thanks for the info. It's surprising that the average is so high. </p><p><br /></p><p>Keep in mind that this is the difference between production and redemption. </p><p><br /></p><p>Many of these coins have been lost and destroyed over the decades. They rotted away in landfills and burned up in fires. They were lost in floods and the area bulldozed to be rebuilt. They were thrown into fountains, rivers, and lakes for good luck. </p><p><br /></p><p>Also keep in mind that most of these missing coins will be low denomination because these aren't worth the effort to haul off to the bank. Most of them will also be heavily worn because this is what happened to the typical coin. If it weren't then high mintage coins from the '50's wouldn't list for $1000 in unc. You aren't going to find many key dates or high grades among these missing coins and you're not even going to find many of the missing coins except for the low denominations. </p><p><br /></p><p>The number of these in collections is still quite small because most coin collectors hate moderns. In fifty years there will still be few collections but then it will be because the coins are scarce rather than a lack of interest.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 498607, member: 68"]Thanks for the info. It's surprising that the average is so high. Keep in mind that this is the difference between production and redemption. Many of these coins have been lost and destroyed over the decades. They rotted away in landfills and burned up in fires. They were lost in floods and the area bulldozed to be rebuilt. They were thrown into fountains, rivers, and lakes for good luck. Also keep in mind that most of these missing coins will be low denomination because these aren't worth the effort to haul off to the bank. Most of them will also be heavily worn because this is what happened to the typical coin. If it weren't then high mintage coins from the '50's wouldn't list for $1000 in unc. You aren't going to find many key dates or high grades among these missing coins and you're not even going to find many of the missing coins except for the low denominations. The number of these in collections is still quite small because most coin collectors hate moderns. In fifty years there will still be few collections but then it will be because the coins are scarce rather than a lack of interest.[/QUOTE]
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