Such a rare coin, at such a low price.

Discussion in 'World Coins' started by coingeek12, May 17, 2014.

  1. coingeek12

    coingeek12 Collect all the nickels!

    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!
     
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  3. xGAJx

    xGAJx Happy

    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.
     
  4. coingeek12

    coingeek12 Collect all the nickels!

    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.
     
  5. xGAJx

    xGAJx Happy

    Proof the other coin mentioned is less popular?
     
  6. coingeek12

    coingeek12 Collect all the nickels!

    I googled it, compared to googling the other coin, the results are pretty clear which is more popular.
     
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