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Why is a Pf-60 1872 two cent piece cheaper than a VF-20 ?
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<p>[QUOTE="Leadfoot, post: 141746, member: 2972"]Proofs are kept. Business strikes are meant to be spent and are. </p><p><br /></p><p>Because of the miniscule mintage of that year and the fact that most if not all were used in circulation, finding business strikes is next to impossible. In addition, the relative mintage of that date (less than 1/10 of the next lowest mintage) makes it the key date of the two cent series so people who are collecting that series by date are putting price pressure on the coin -- thus the high price. Whereas the mintage of proofs is relatively constant and there is "nothing special" about a proof with a mintage of 950 coins (making it on the high side of the average proof mintage)of which many still exist.</p><p><br /></p><p>Remember rarity does not effect coin prices nearly so much as demand does....Mike[/QUOTE]</p><p><br /></p>
[QUOTE="Leadfoot, post: 141746, member: 2972"]Proofs are kept. Business strikes are meant to be spent and are. Because of the miniscule mintage of that year and the fact that most if not all were used in circulation, finding business strikes is next to impossible. In addition, the relative mintage of that date (less than 1/10 of the next lowest mintage) makes it the key date of the two cent series so people who are collecting that series by date are putting price pressure on the coin -- thus the high price. Whereas the mintage of proofs is relatively constant and there is "nothing special" about a proof with a mintage of 950 coins (making it on the high side of the average proof mintage)of which many still exist. Remember rarity does not effect coin prices nearly so much as demand does....Mike[/QUOTE]
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Why is a Pf-60 1872 two cent piece cheaper than a VF-20 ?
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