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<p>[QUOTE="Ed Zak, post: 12791, member: 824"]<b>Look at history...</b></p><p><br /></p><p>For many of us...we understand the basics of what constitutes a rare or key date. Low mintage, year minted, mint condition, market demand, etc., we know the basics.</p><p><br /></p><p>For me, I also like to look at the historical aspect of what was going on at the time a coin was issued. For instance, trying to find a 1931 P or D penny in MS Red condition is very tough. Why? Put yourself back to 1931 and the country was in the mist of the Great Depression. Do I save that nice looking new penny or do I feed my family? With 1 out of every 4 people NOT working, I am sure that any coins minted HAD to be circulated so that people could "eat". Actually, I believe it is easier to find a 1931-S in MS Red condition than a 31-P or D. I have a nice red 31-S, but I am still looking to upgrade the 31-D and P coins I have.</p><p><br /></p><p>Look at the 1932 D and S quarter. Couple the fact that no quarters were minted in 1931, the low mintage numbers, the depression era where a quarter could really buy something, and the tendacy for collectors to save the very first issues, made these quarters what they are today...EXPENSIVE!</p><p><br /></p><p>Executive orders like what Roosevelt did when he pulled gold off the market in 1933 surely paid a role in determining what was going to be a key date (or not) for gold coin collectors. In 1933, you find over 445,000 1933 double eagles were minted and the next year...well, you know the story.</p><p><br /></p><p>Last but not least...error dates get a lot of attention because it seems that everybody is looking for the next 1955 D.D.O. penny. For instance, the market is hot for the 1972 D.D.O. while the demand for the 1995 D.D.O. has seen to taper off. Why? Haven't a clue, but that is the nature of our hobby![/QUOTE]</p><p><br /></p>
[QUOTE="Ed Zak, post: 12791, member: 824"][b]Look at history...[/b] For many of us...we understand the basics of what constitutes a rare or key date. Low mintage, year minted, mint condition, market demand, etc., we know the basics. For me, I also like to look at the historical aspect of what was going on at the time a coin was issued. For instance, trying to find a 1931 P or D penny in MS Red condition is very tough. Why? Put yourself back to 1931 and the country was in the mist of the Great Depression. Do I save that nice looking new penny or do I feed my family? With 1 out of every 4 people NOT working, I am sure that any coins minted HAD to be circulated so that people could "eat". Actually, I believe it is easier to find a 1931-S in MS Red condition than a 31-P or D. I have a nice red 31-S, but I am still looking to upgrade the 31-D and P coins I have. Look at the 1932 D and S quarter. Couple the fact that no quarters were minted in 1931, the low mintage numbers, the depression era where a quarter could really buy something, and the tendacy for collectors to save the very first issues, made these quarters what they are today...EXPENSIVE! Executive orders like what Roosevelt did when he pulled gold off the market in 1933 surely paid a role in determining what was going to be a key date (or not) for gold coin collectors. In 1933, you find over 445,000 1933 double eagles were minted and the next year...well, you know the story. Last but not least...error dates get a lot of attention because it seems that everybody is looking for the next 1955 D.D.O. penny. For instance, the market is hot for the 1972 D.D.O. while the demand for the 1995 D.D.O. has seen to taper off. Why? Haven't a clue, but that is the nature of our hobby![/QUOTE]
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