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Why is the First U.S. Commemorative not more Highly Desired by Collectors?
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<p>[QUOTE="Lehigh96, post: 555458, member: 15309"]I don't know how you are defining great condition, but my guess is that you are talking about some circulated grade. These coins were not originally meant to circulate. Just like present day commemorative s, they were minted with collectors in mind.</p><p><br /></p><p>The mintage of this coin was a huge number, over 2.5 million for both years. Compare that with the 36,000 for the Lafayette Dollar or the 24,000 for the Isabella quarter and that should go along way to explain the Columbian's relative affordability.</p><p><br /></p><p>The Columbian is not challenging until you reach the premium gem status for either year. The populations of this coin in MS65 is in the thousands. This is a coin that I would only buy in either MS66 or MS67, anything less will be forever relegated to the rank of common. However, in premium gem, this coin is worth hundreds/thousands of Dollars.</p><p><br /></p><p>Personally, the Columbian is not one of my favorite commemoratives. It seems that every single one is toned in cerulean blue. And that hair cut is just awful.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 555458, member: 15309"]I don't know how you are defining great condition, but my guess is that you are talking about some circulated grade. These coins were not originally meant to circulate. Just like present day commemorative s, they were minted with collectors in mind. The mintage of this coin was a huge number, over 2.5 million for both years. Compare that with the 36,000 for the Lafayette Dollar or the 24,000 for the Isabella quarter and that should go along way to explain the Columbian's relative affordability. The Columbian is not challenging until you reach the premium gem status for either year. The populations of this coin in MS65 is in the thousands. This is a coin that I would only buy in either MS66 or MS67, anything less will be forever relegated to the rank of common. However, in premium gem, this coin is worth hundreds/thousands of Dollars. Personally, the Columbian is not one of my favorite commemoratives. It seems that every single one is toned in cerulean blue. And that hair cut is just awful.[/QUOTE]
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