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<p>[QUOTE=&quot;Marshall, post: 860701, member: 21705&quot;]Supply and Demand for each grade is the answer. Many coins are scarce in some grades and not others, especially with silver dollars where often times the coins from some mints in some dates were stored at the mint rather than circulated. This means low supply for circulated coins and thus higher prices. When these large quantities of higher grade (usually UNC) coins were released years later, the supply went UP in primarily UNC condition so the price went down for those grades.</p><p><br /></p><p>While the market won&#039;t ever value a circulated piece higher than the Unc piece, the supply may very well be smaller for circulated than Unc pieces for some date/mint coins.</p><p><br /></p><p>Sorry if I&#039;m being redundant, but I have a tendency to answer the question before I finish the thread.[/QUOTE]</p><p><br /></p>

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