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When you dont know how many coins were made..what should you do?
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<p>[QUOTE="medoraman, post: 1243997, member: 26302"]If you buy a "coin", and not a "medal", then the mintages should be in a Krause catalog.</p><p><br /></p><p>The bigger issue is that mintages really do not matter. Simple but true. I have so many world and ancient coins, and even US ones, with MUCH tinier mintages than a 1909sVDB cent its not funny. However, none of them are worth more than that one cent. Why? Demand. </p><p><br /></p><p>Supply is a meaningless number unless matched up with demand. I have coins that maybe 5 are known. Worth a million? No, more like $30. Too many collectors get wrapped up in "tiny" mintages, when in fact the mintage is way more than there are collectors of them, so its meaningless. </p><p><br /></p><p>Overall, collect what you like and don't worry about mintages. If the coin is fairly priced, attractive to you, then its fine whether they made 200,000 of them or 180,000,000. If you are angling to try to find underpriced rarities that is one thing, but even then mintages do not matter, it is how many survivors there are that matters. Even then you are betting that not only have you found truly scarce coins, but the market will "wake up" and start demanding them as scarcities. The second part is the hardest part.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1243997, member: 26302"]If you buy a "coin", and not a "medal", then the mintages should be in a Krause catalog. The bigger issue is that mintages really do not matter. Simple but true. I have so many world and ancient coins, and even US ones, with MUCH tinier mintages than a 1909sVDB cent its not funny. However, none of them are worth more than that one cent. Why? Demand. Supply is a meaningless number unless matched up with demand. I have coins that maybe 5 are known. Worth a million? No, more like $30. Too many collectors get wrapped up in "tiny" mintages, when in fact the mintage is way more than there are collectors of them, so its meaningless. Overall, collect what you like and don't worry about mintages. If the coin is fairly priced, attractive to you, then its fine whether they made 200,000 of them or 180,000,000. If you are angling to try to find underpriced rarities that is one thing, but even then mintages do not matter, it is how many survivors there are that matters. Even then you are betting that not only have you found truly scarce coins, but the market will "wake up" and start demanding them as scarcities. The second part is the hardest part. Chris[/QUOTE]
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When you dont know how many coins were made..what should you do?
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