Why is it that a 1932 panama decimo de balboa is worth 7-40 dollars, yet it has the low mintage of 150,000. I have been blessed enough to get an VF specimen for a few cents. (might be Fine at the least) and i was ecstatic to learn that only 150,000 were minted, with a few thousand estimated to be melted. I then found out (for some reason) that a coin with a much higher mintage (still a world coin mind you) in the same grade as this one, would be worth 2 times the value of this coin! (I also own this coin as well) Now i understand the concept of supply and demand, but i was told these were popular coins, and the other coin is not at ALL well know. Can someone explain this to me please? Thanks!
supply/demand. The principle of more people wanting to get a coin with a higher mintage, then less people wanting to get a coin with a lower mintage. Basic economics, really.
Yes, but what i dont get, is a coin that is less popular that the Panama coin, has a higher value, and it even has a higher mintage.
I googled it, compared to googling the other coin, the results are pretty clear which is more popular.
