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<p>[QUOTE=&quot;calcol, post: 2571884, member: 77639&quot;]I&#039;m looking into upgrading my circulation strike two cent collection. So, I looked at the PCGS auction prices for 1870-1872 (the rare years) and noticed at the higher grades, there were fewer 1870&#039;s sold than 1872&#039;s.&nbsp; Seemed odd because the 1872 is supposed to be much rarer.&nbsp; Decided to do a systematic study within the limits of available data, all of which is from PCGS auction prices and the PCGS pop reports.</p><p><br /></p><p>Years included: 1870-1872.&nbsp; Only grades 65 and 66 and colors of RB and RD were considered.&nbsp; Plus grades are included.&nbsp; There are no higher grades for 1870-1872 in auction results.&nbsp; Auction prices are from 2005 through 2016.&nbsp; In addition to the pop reports and prices, the turnover percentage was calculated as&nbsp; 100 X (no. sold 2005-2016) / population.&nbsp; Yes, I know there are duplicates in the population reports, but there are in the auction sales, too.</p><p><br /></p><p>The results are in the attached picture.&nbsp; There is no doubt that high-grade 1872&#039;s turnover faster at auction than 1870&#039;s or 1871&#039;s.&nbsp; Why?&nbsp; I can think of a number of reasons:</p><p><br /></p><p>1. Because they are significantly less expensive (but not cheap!), a higher percentage of 1870&#039;s and 1871&#039;s may be sold via dealers rather than at auction compared to 1872&#039;s.&nbsp; 1870&#039;s and 1871&#039;s in 65RB may sell for under $2K, whereas 1872&#039;s in 65RB often go for more than $10K.</p><p><br /></p><p>2.&nbsp; Collectors who can afford high-grade 1872&#039;s don&#039;t mind the cost of upgrading, so the 65RB&#039;s are put back on the auction block as these collectors go for something better.</p><p><br /></p><p>3.&nbsp; 1872&#039;s bring bad luck, so the owners die and the heirs sell them.</p><p><br /></p><p>4.&nbsp; 1872&#039;s go rancid and stink, but auction companies know how to rejuvenate them.</p><p><br /></p><p>5. Your guess???</p><p><br /></p><p>Cal</p><p><br /></p><p>[ATTACH=full]556317[/ATTACH][/QUOTE]</p><p><br /></p>

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