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<p>[QUOTE="GDJMSP, post: 1539086, member: 112"]It doesn't. You see, nobody knows exactly what coins get melted because the people melting them don't keep track of what dates/mint marks get melted. So if a coin is known to be a common date, it will stay known as a common date. At least for your lifetime.</p><p><br /></p><p>The thing that gives coins their numismatic value is the lack of availability for that given coin, or popularity. Without one or the other, or in some cases both, of those 2 things coins will have little numismatic value.</p><p><br /></p><p>Take the '09-S VDB cent for example. You can buy a 100 of them on any given day. So rather obviously the coin is readily available. But, it is extremely popular so it has a high price - numismatic value.</p><p><br /></p><p>Or as another kind of example you can look at the 1904-O Morgan. Prior to the 1960's that coin was thought to be downright scarce because of melting in the early 1900's and they carried a high price. But in the '60s thousands of them were discovered and because they were then readily available prices dropped like a hot rock.</p><p><br /></p><p>So as long as coins are readily available, and not extremely popular for whatever reason, they will have little numismatic value. </p><p><br /></p><p>There are also examples of coins where the entire mintage was less than 35 coins. But yet those coins can be purchased for melt value because the coins are not popular.</p><p><br /></p><p>Popularity plays a much bigger role than most people give it credit for. I once bought a coin from the 16th century where only 2 were known to exist in the entire world. I paid less than $2000 for that coin. And it was a high grade example.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1539086, member: 112"]It doesn't. You see, nobody knows exactly what coins get melted because the people melting them don't keep track of what dates/mint marks get melted. So if a coin is known to be a common date, it will stay known as a common date. At least for your lifetime. The thing that gives coins their numismatic value is the lack of availability for that given coin, or popularity. Without one or the other, or in some cases both, of those 2 things coins will have little numismatic value. Take the '09-S VDB cent for example. You can buy a 100 of them on any given day. So rather obviously the coin is readily available. But, it is extremely popular so it has a high price - numismatic value. Or as another kind of example you can look at the 1904-O Morgan. Prior to the 1960's that coin was thought to be downright scarce because of melting in the early 1900's and they carried a high price. But in the '60s thousands of them were discovered and because they were then readily available prices dropped like a hot rock. So as long as coins are readily available, and not extremely popular for whatever reason, they will have little numismatic value. There are also examples of coins where the entire mintage was less than 35 coins. But yet those coins can be purchased for melt value because the coins are not popular. Popularity plays a much bigger role than most people give it credit for. I once bought a coin from the 16th century where only 2 were known to exist in the entire world. I paid less than $2000 for that coin. And it was a high grade example.[/QUOTE]
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