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<p>[QUOTE=&quot;Detecto92, post: 1413537, member: 75105&quot;]They are expensive because not many of them survived in high grades. Many old coins did not survive in high grades, save for morgans.&nbsp; Many Morgan dollars survived in high grades. That&#039;s because they sat in bags for years. There are over 24,000 NGC slabbed morgan dollars, for the year 1900 alone.</p><p><br /></p><p>Here is what makes up the price of a coin in MS+ grades.</p><p><br /></p><p>1. How many survived in high grades.</p><p><br /></p><p>(Note the following is hypothetical) I do not care if 10 million barber halves were minted for 1899, and then only 500,000 for 1900. </p><p><br /></p><p>If only 20 1899 barber halves in Grade MS+ are surviving from the population reports from PCGS, ANACS, and NGC, yet 3,000 1900 from the same 3 tpg&#039;s we can ascertain that the 1899 BH is more valuable (until someone finds a cigar box full of them. Note none of these numbers are real, just proving my point.</p><p><br /></p><p>2. The Denomination. Ignoring dollar coins, and using coins with the same mintage numbers, the half dollar is usually worth more than the quarter, the quarter more than the dime, and so on. This is not the case all the time, but a majority of the time.</p><p><br /></p><p>3. Demand. If people REALLY want the coin, then prices go up. Toss the redbook or greysheet price out the window as this point. If a sudden urge became for a certain coin, this will increase the price as people compete to own them.</p><p><br /></p><p>4. Supply. If there are 200 1900 barber halves in MS-60 (again made up number)...and construction crews unearth a big jar sealed full of MS-60+ barber halves, the price will go down. This is because there are more to go around, so demand is broadened lowering price. </p><p><br /></p><p>If someone was hoarding 100 of the 200 1900 barber halves in MS-60 (again just made up #s) and a meteorite hit their entire house, then demand is narrowed, there is less to go around, driving price up. </p><p><br /></p><p>Mintage numbers mean nothing. #1 is most important.</p><p><br /></p><p>This is why most modern coins will be worth zilch 100 years from now, even in high grades. There are more collectors than ever. More high grade coins being saved than ever.[/QUOTE]</p><p><br /></p>

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