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Numismatically Baffled by this coin !?!
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<p>[QUOTE="GDJMSP, post: 508478, member: 112"]The values listed in the Krause catalogs are iffy at best. It is quite common for them to be way too high and way too low. The only way to find accurate values for any coin is to search out completed sales prices.</p><p><br /></p><p>That said, there are more coins out there with very low mintages and very low values than you can count. I have owned coins with total mintages under 50, some under 35, and yet the coins routinely sell for bullion content. So a coin with a mintage of 32,000 is nothing.</p><p><br /></p><p>The reason for this is simple, nobody wants the dang things. For any coin to create a demand for itself there has to be enough of them to go around to create a market for the coin. And this cannot happen with low mintage coins. If available numbers are very low then most people will ignore the coin. This is especially true with world coinage which has a lot smaller collector base than US coinage does.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 508478, member: 112"]The values listed in the Krause catalogs are iffy at best. It is quite common for them to be way too high and way too low. The only way to find accurate values for any coin is to search out completed sales prices. That said, there are more coins out there with very low mintages and very low values than you can count. I have owned coins with total mintages under 50, some under 35, and yet the coins routinely sell for bullion content. So a coin with a mintage of 32,000 is nothing. The reason for this is simple, nobody wants the dang things. For any coin to create a demand for itself there has to be enough of them to go around to create a market for the coin. And this cannot happen with low mintage coins. If available numbers are very low then most people will ignore the coin. This is especially true with world coinage which has a lot smaller collector base than US coinage does.[/QUOTE]
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