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Why are old state commems so cheap despite rarity?
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<p>[QUOTE="coolhandred24, post: 8325051, member: 112919"]As previously stated demand is a much more important factor than supply when establishing the price of a coin. And it translates to all other collectibles including comic books, baseball cards, stamps, autographs, etc. </p><p><br /></p><p>There are many US coins that are scarce, less than 1000 minted, that are available for less than more popular coins. For example, most of the Proof Indian Head cents have mintages less than 4,000 which can be obtained in MS 64 for approx. $500 or less. A 1909-S VDB Lincoln, (mintage 484,000) in MS 64 is a $1500+ coin. That is because the demand for the 1909-S VDB is much greater than the demand for Proof Indian Cents. </p><p><br /></p><p>And I am very confident in stating a stamped letter from one of your ancestors to their Mother or Father from the 1890s would only be worth a couple of dollars if that. However, if they received a signed letter from Theodore Roosevelt the letter would be worth $500- $1000. Both are unique, one of a kind, and exceedingly rare. However unfortunately your ancestor, (and mine unless they were well-known personalities), have negligible demand from collectors. </p><p><br /></p><p>I am not saying you are wrong in your interest in collecting Classic Commemorative Half Dollars, rather keep an eye on the big picture. Collect what you love, and leave the speculating to others.[/QUOTE]</p><p><br /></p>
[QUOTE="coolhandred24, post: 8325051, member: 112919"]As previously stated demand is a much more important factor than supply when establishing the price of a coin. And it translates to all other collectibles including comic books, baseball cards, stamps, autographs, etc. There are many US coins that are scarce, less than 1000 minted, that are available for less than more popular coins. For example, most of the Proof Indian Head cents have mintages less than 4,000 which can be obtained in MS 64 for approx. $500 or less. A 1909-S VDB Lincoln, (mintage 484,000) in MS 64 is a $1500+ coin. That is because the demand for the 1909-S VDB is much greater than the demand for Proof Indian Cents. And I am very confident in stating a stamped letter from one of your ancestors to their Mother or Father from the 1890s would only be worth a couple of dollars if that. However, if they received a signed letter from Theodore Roosevelt the letter would be worth $500- $1000. Both are unique, one of a kind, and exceedingly rare. However unfortunately your ancestor, (and mine unless they were well-known personalities), have negligible demand from collectors. I am not saying you are wrong in your interest in collecting Classic Commemorative Half Dollars, rather keep an eye on the big picture. Collect what you love, and leave the speculating to others.[/QUOTE]
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Why are old state commems so cheap despite rarity?
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