On eBay, why is the peace with the Phily Mint going for more than the Denver minted Peace Nickel...in BU? thanks in advance for your reply.
Welcome to the forum Jkantor. The Philadelphia one has a mintage of 361,440,000. The Denver one has a mintage of 372,000,000. Also, I think a lot of the Philadelphia ones made it into circulation; driving up the price in BU. Charlie
You know, I don't think there is a single valid reason in the world. But.. a once great English philosopher once said, "when in Rome.. purchase your Olive Oil at a 1000% markup before the barbarians get to it"
I know around here anything from Phialdelphia has a slight markup as compared to the Denver equivalent, but that's mainly because in Colorado it's harder to get the Philadelphia stuff in circulation, it has to be shipped here. Being so close to the Denver mint, it's very easy to get a hold of unciruclated Denver stuff. As for eBay, don't know, since you'd thing the majority of the population would be closer to Phialdelphia than Denver. But maybe more US eBayers are closer to the west coast than the east? Just guessing here. Don't think it's the mintages... Phialadelphia mintages are usually higher, or about the same, as the Denver ones usually. Some of the newe nickels are less at Philadelphia than Denver, but just barely. By less than 1/4 of a percent in the case pf the Peace nickel. Perhaps the Philadelphia stuff is getting circulated more, thus making unicurculated condition coins slightly rarer, but still shouldn't be that mcuh of a difference.
It's simple - the public believes that it is harder to find high grade examples of the P coins than it is of the D coins.
Yep... whether it's true or not, enough people believe it to be true to drive the prices accordingly. Reminds me of my favorite quote from Dinosaurs: "Everybody believes it, which temporarily makes it the truth."
Only legitmate reason I can think of is the double die of the P 2004 peace nickel that was supposed to be "impossible"....kinda like the Titanic was unsinkable Anyway....even that is a typical "rare rookie card may be inside" kind of thing.
I would say that was certainly true of the six Mint rolls of 2005 Bison nickels I went through, mostly for some kind of grime I saw on so many of the ‘P’s.
