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<p>[QUOTE=&quot;rld14, post: 456507, member: 16133&quot;]I have been doing some searching on this, you have me really intrigued <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>From what I can tell, the reason that the 20 is worth so much more is not only perception, it&#039;s because, irrespective of mintages and population reports, it appears to be a much scarcer coin on the market and also because it is a dramatically scarcer coin in higher grades.</p><p><br /></p><p>I searched Heritage&#039;s site for both coins, in the past 14 years they have handled 5 1920-S FH MS63 coins.&nbsp; Search for all sold 1920-S SLQs, on page 2 of the results you will be looking at MS63 coins.</p><p><br /></p><p>Now search for 1928-D coins, you have to get to page 7 of the search results and there&#039;s not many being sold by them in ANY grade, the last one was over 5 years ago with a total of 5 in a similar timeframe.</p><p><br /></p><p>Sales in the 2000s also show that these guys bring way over $1,000 so that $900 figure may be inaccurate, from the looks of things I would expect that in an open market you may have to pay double or triple that $900 figure.</p><p><br /></p><p>However, here&#039;s what separates the coins and why those population reports seem to be very misleading.&nbsp; In the same search (And I may have missed a few either way) I counted, from a quick scan, a total of 63 Full Head 1928-D coins that Heritage has sold while in ANY grade, Heritage has only sold 16 1920-S coins.</p><p><br /></p><p>1920-S, 237 coins sold of any grade</p><p><br /></p><p>MS-67 FH 0</p><p>MS-66 FH 1</p><p>MS-65 FH 4</p><p>MS-64 FH 5</p><p>MS-63 FH 5</p><p><br /></p><p>1928-D, 419 coins sold of any grade</p><p><br /></p><p>MS-67 FH 3</p><p>MS-66 FH 17</p><p>MS-65 FH 14</p><p>MS-64 FH 24</p><p>MS-63 FH 5</p><p><br /></p><p>I think that the 20S has a comparable population because of recracking, but that is just a theory.&nbsp; Perhaps the actual populations are similar, but the 28Ds just get traded frequently.&nbsp; However, they appear to be much more common on the market (In comparison, these are both scarce coins of course) and, most importantly, the 28D appears to be much more commonly found as a slabbed Full Head coin in higher grades of 65+</p><p><br /></p><p>I figure that since the 20S is so uncommon, that when they do show up people are willing to pay big money for them and that they will happily buy a 63 and pay up for it, looking at Heritage&#039;s history, if you only bought from them, you would have had, since 1994, only 11 chances to buy a higher grade coin than an MS63.</p><p><br /></p><p>However, when it comes to the 1928D, you would have had 5 chances to buy an MS63 in the same timeframe (For higher than $900 on most occasions I might add) but 58 chances to buy a higher grade coin.</p><p><br /></p><p>Sorry for rambling on a bit![/QUOTE]</p><p><br /></p>

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