MINTAGE AND VALUE
The number 484,000 many collectors would recognize as the mintage of the 1909-S VDB Lincoln Cent. Every now and then you will see an article in a coin publication comparing the 1909-S VDB Lincoln Cent to some other coin of similar or less mintage that might be a good buy because of the price. The bottom line of value, in my mind, is the demand and condition of the coin, not the mintage.
I have my own story on mintage and value I like to share. I will take my birth year as an example. The 1949 Franklin Half Dollar with a mintage of 5,614,000, has a COIN WORLD Trends value of $125 in MS 65 condition.
Taking a look at the 1949 Booker T. Washington Commemorative Half Dollar with a mintage of just 6,004, has a COIN WORLD Trends value of $100 in MS65 condition.
Two coins with the same date and denomination, from the same mint, have close to the same value, but widely different mintages! The reason is that there are more collectors of Franklin Half Dollars, thus the higher demand for the coin with the higher mintage.. Most collectors of commemorative coins, collect by type, not by date and mint. Collectors most likely would obtain a 1946 dated Booker T. Washington Commemorative Half Dollar with a mintage of over 1.2 million amongst the various mints.
The Denver and San Francisco Franklin Half Dollars have even a higher spread in value than the Booker T. Washington Half Dollar. The Booker T. Washington Half Dollars have the same mintage of 6.004 at Denver and San Francisco.