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WHAT'S IT WORTH? CALIFORNIA COMM. .925 MEDALS
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<p>[QUOTE="-jeffB, post: 3665771, member: 27832"]But if there are only a few people who want to collect them, that doesn't matter.</p><p><br /></p><p>For an illustration, consider the 1909-S VDB Lincoln cent. 484,000 were minted, but there have been <i>millions and millions</i> of collectors who started with Lincoln sets, and everyone of them coveted that coin. As a result, even the most worn and damaged examples go for hundreds of dollars.</p><p><br /></p><p>Compare the 1/2 ounce gold First Spouse coins. The first four had mintages of less than 20,000 each for proof and uncirculated; the later ones had much lower mintages, well below 3,000 for the last few uncirculated issues. But there are very few collectors who care about the series (and can afford to collect 42 half-ounce gold coins), so even the rarest ones trade for little more than melt value. A single MS65 1909 S-VDB will buy you several MS69 or MS70 First Spouse coins, each much "rarer" than the cent.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 3665771, member: 27832"]But if there are only a few people who want to collect them, that doesn't matter. For an illustration, consider the 1909-S VDB Lincoln cent. 484,000 were minted, but there have been [I]millions and millions[/I] of collectors who started with Lincoln sets, and everyone of them coveted that coin. As a result, even the most worn and damaged examples go for hundreds of dollars. Compare the 1/2 ounce gold First Spouse coins. The first four had mintages of less than 20,000 each for proof and uncirculated; the later ones had much lower mintages, well below 3,000 for the last few uncirculated issues. But there are very few collectors who care about the series (and can afford to collect 42 half-ounce gold coins), so even the rarest ones trade for little more than melt value. A single MS65 1909 S-VDB will buy you several MS69 or MS70 First Spouse coins, each much "rarer" than the cent.[/QUOTE]
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