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<p>[QUOTE=&quot;900fine, post: 296037, member: 6036&quot;]In coins, the phrase &quot;under rated&quot; has always bothered me a little.</p><p>&nbsp;</p><p>&quot;Under rated&quot; compared to what ? To what it &quot;should&quot; be, I suppose. </p><p>&nbsp;</p><p>And that&#039;s where the mintage figures some in. Low mintage pieces should be higher priced, right ?</p><p>&nbsp;</p><p>Not necessarily.</p><p>&nbsp;</p><p>Mintage is all about <b>supply</b>... but what about the <b>demand</b> ?</p><p>&nbsp;</p><p>We tend to call coins underrated when an issue has low price AND low mintage, which can only happen if there is low demand.</p><p>&nbsp;</p><p>Since the mintage is fixed, the supply will never change. So a coin will emerge from &quot;sleeper&quot; status only when demand increases.</p><p>&nbsp;</p><p>So the real question is - why would demand for a given issue (or series) suddenly increase ? Usually, it doesn&#039;t. For example - Half-dimes have never been widely popular, and they probably won&#039;t zoom up any time soon.[/QUOTE]</p><p><br /></p>

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