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Why did the 2021 D shoot up so high in value?
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<p>[QUOTE="Gam3rBlake, post: 8216854, member: 115909"]It’s true these coins will not ever see circulation..</p><p><br /></p><p>But I think a very small minority will be lost/damaged as well. With these coins one big scratch is enough to make it bullion.</p><p><br /></p><p>These coins will need to maintain their 69/70 grades over time which is surprisingly difficult for ungraded coins.</p><p><br /></p><p>Example: My grandma bought mint & proof sets from the 1950s to the 1980s and even though she left them in a tub in her closet the coins are not MS69/70 anymore just due to the many years.</p><p><br /></p><p>Or maybe a huge silver price increase will make people considering melting them far in the future (unlikely but theoretically possible).</p><p><br /></p><p>All in all I think modern coins will hold value at the 69/70 grade and anything less will be bullion and I think the same will apply in the future.</p><p><br /></p><p>There are plenty examples of coins not intended for circulation that held value long term.</p><p><br /></p><p>Take a look at the $50 Panama Pacific Commemorative. It cost $100 to buy one (a lot of money back then!) so it wouldn’t have made sense to circulate it as a $50 coin.</p><p><br /></p><p>Or the old state commemoratives!</p><p>[ATTACH=full]1442397[/ATTACH]</p><p><br /></p><p><br /></p><p>This coin sold for $1 back in 1925 when it was for sale. Even though it’s only worth 50 cents face value.</p><p><br /></p><p>Yet these coins now sell for hundreds in BU grades or thousands of dollars in the highest GEM BU grades.[/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 8216854, member: 115909"]It’s true these coins will not ever see circulation.. But I think a very small minority will be lost/damaged as well. With these coins one big scratch is enough to make it bullion. These coins will need to maintain their 69/70 grades over time which is surprisingly difficult for ungraded coins. Example: My grandma bought mint & proof sets from the 1950s to the 1980s and even though she left them in a tub in her closet the coins are not MS69/70 anymore just due to the many years. Or maybe a huge silver price increase will make people considering melting them far in the future (unlikely but theoretically possible). All in all I think modern coins will hold value at the 69/70 grade and anything less will be bullion and I think the same will apply in the future. There are plenty examples of coins not intended for circulation that held value long term. Take a look at the $50 Panama Pacific Commemorative. It cost $100 to buy one (a lot of money back then!) so it wouldn’t have made sense to circulate it as a $50 coin. Or the old state commemoratives! [ATTACH=full]1442397[/ATTACH] This coin sold for $1 back in 1925 when it was for sale. Even though it’s only worth 50 cents face value. Yet these coins now sell for hundreds in BU grades or thousands of dollars in the highest GEM BU grades.[/QUOTE]
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Why did the 2021 D shoot up so high in value?
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