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<p>[QUOTE="900fine, post: 470914, member: 6036"]To me, the term "sleeper" means an undervalued coin or series. </p><p> </p><p>Which has no meaning unless it will be more valuable in the future.</p><p> </p><p>Which can't happen unless something changes. </p><p> </p><p>Supply remains constant, so demand must increase for price to increase. Which means something must become more popular.</p><p> </p><p>This doesn't happen much. Coin collecting isn't a "trendy" thing, though there are a few fads from time to time.</p><p> </p><p>Here's a possible change : Since the price of early American large cents is sky high, many cannot afford good specimens. As the prices continue to rise, the number of folks shut out increases. It's possible folks will discover <b>half cents</b>, which I feel are under appreciated.</p><p> </p><p>Good buys can be had in <b>Draped Bust half cents </b>in good shape; good Draped Bust large cents are pretty expensive. </p><p> </p><p>In addition, good Classic Head large cents are notoriously difficult for two reasons - they were minted for a short time, and the planchet quality was poor. This opens the popularity door for <b>Classic Head half cents</b>, which were minted for a much longer time. For most of those years, the "crappy planchet years" were over. Plenty of good Classic Head half cents around.</p><p> </p><p>Another reason there tend to be more good half cents : they weren't very popular back then either. They didn't circulate as much, so they didn't get beat down as bad.</p><p> </p><p>Since there wasn't as much demand, the mint had some stashes of uncirculated half cents, just like they have mountains of Sac dollars today. They mint 'em, nobody wants 'em, unc examples accumulate.</p><p> </p><p>That's why there are gaps in years for half cents - no business strikes from 1837 until resumption in 1849*. Too much backlog, so they stopped crankin' 'em out.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p><font size="1">* there were proof-only years from 1840 to 1847</font>[/QUOTE]</p><p><br /></p>
[QUOTE="900fine, post: 470914, member: 6036"]To me, the term "sleeper" means an undervalued coin or series. Which has no meaning unless it will be more valuable in the future. Which can't happen unless something changes. Supply remains constant, so demand must increase for price to increase. Which means something must become more popular. This doesn't happen much. Coin collecting isn't a "trendy" thing, though there are a few fads from time to time. Here's a possible change : Since the price of early American large cents is sky high, many cannot afford good specimens. As the prices continue to rise, the number of folks shut out increases. It's possible folks will discover [B]half cents[/B], which I feel are under appreciated. Good buys can be had in [B]Draped Bust half cents [/B]in good shape; good Draped Bust large cents are pretty expensive. In addition, good Classic Head large cents are notoriously difficult for two reasons - they were minted for a short time, and the planchet quality was poor. This opens the popularity door for [B]Classic Head half cents[/B], which were minted for a much longer time. For most of those years, the "crappy planchet years" were over. Plenty of good Classic Head half cents around. Another reason there tend to be more good half cents : they weren't very popular back then either. They didn't circulate as much, so they didn't get beat down as bad. Since there wasn't as much demand, the mint had some stashes of uncirculated half cents, just like they have mountains of Sac dollars today. They mint 'em, nobody wants 'em, unc examples accumulate. That's why there are gaps in years for half cents - no business strikes from 1837 until resumption in 1849*. Too much backlog, so they stopped crankin' 'em out. [SIZE=1]* there were proof-only years from 1840 to 1847[/SIZE][/QUOTE]
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