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"SUN"'s Blog

15 Aug 2019

Coin Thoughts #78 by "SUN"

Coins-United States | "SUN"

COIN VALUES


The "Coin Values Spotlight" column in the August 12, 2019 issue of "COIN WORLD" caught my eye.

The column looks at the values of the 1912-D and 1912-S Liberty Head Nickel. For the last 10 years the values of these two nickels have declined in MS63 and Extremely Fine 40 grade. Why is this?


I have seen other coins and coin series have the same results. My 1909-S VDB Lincoln Cent used to be a $1000 coin, no more. Indian Head Cents have also declined.


I believe there are several reasons why these once popular coins have declined in value. The demand is not as high with the aging of the average collector. Also, over grading have made coins decline in value. Over grading the past few years of Indian Head Cents has cause the declining or flat values for these coins. When so many coins are over graded, soon they will take the value of the lower grade. Plus, with so many new U.S. Mint products, the collectors dollars are spread thin.

Looking forward to your comments.

Comments

user_7180

Level 5

A sign of the times. Far to many youngsters no longer having access to cash (coins or currency). More switching to digital payments.

PastorK7354

Level 4

Regardless of the ups & downs ..... enjoy this beautiful coin. Blessings!

Longstrider

Level 6

Your thoughts seem to make sense to me. At the same time there are articles out there telling of the big sales of all high end coins. People "investing" in them like art. Makes no sense to me. I'm not a coin investor but I do like to see what the prices are. I like to go to eBay Sold sales. That tells the truth, what people will pay. Probably the only truthful thing on eBay..Thanks.

I think another thing to look for is; what is increasing in value? In his writings, Q. David Bowers says that different things in the hobby will go up and down in value, and he outlines in a rare coin collecting book(I don't have the title with me) a sort of life circle of the value of a coin. However, I do agree that the 1909-S Lincoln VDB is definitely a case of hobbyist aging; a big reason it had such value was everyone who had searched for it in their pocket change and rolls in their early collecting days wanted to buy one. However, that special reason to wanting one is not existent in the younger collector who certainly wouldn't think of finding such a coin to start with

Mike

Level 7

Sun I have no explanation why. I don't think most do. The pricing of these coins and why they go up and down no matter how much you know escapes my mind. Many theories no answers. It's that person who sits in the dark room by himself that does it. I don't no of any group. Most I think they make them up for the good old boys sorry I can't help. If there are the books on pricing there are ten different prices. Someday the secret will come out. Also most are holding on to these so there not out there. If the mintage is the same. The eye appeal is The same. And deals are continue to raise prices not the books then what is the answer. Some of the yn's are looking for these. So insightful it's a generation deal. Many who have the money are still serching these out in high grades. Son as be for in have no answer. Why is a function set I bought years ago closeneSs of an era which I bought for 99.00 now being sold for 1,295.00. I have no answer the coins are a 67. A 1963 Franklin And a 1964 Kennedy sold in that one to me. And people bought them like a fire sale! Both coins in one holder. No answer.

It's Mokie

Level 6

Sun, I think you hit on it with your thought about the aging of our collector base. I attended my club meeting on Tuesday evening and at the end, they have drawings for various coins, numbering about 10 total lots. Well as I saw the very aged collectors slowly walking up to claim their prize, I thought, that is the future of my hobby. Getting older every year and not being replaced by young collectors at the same rate they are departing. So classic supply and demand, as the Boomers start disappearing the Millennials and other younger generations are not flooding the hobby, less buyers, lower prices.

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