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Is there an uptick in price when a coin reaches the 100 year old mark?
braddick
Posts: 23,260 ✭✭✭✭✭
For example, will coins dated 1921 see more of an interest in 2021 and thus a price increase may not have generally seen otherwise?
peacockcoins
1
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You bet it goes up 100 pct!
I think as far as the date 1921 goes, it got a 50 year head start for most issues!
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
I think it's a very minor effect at best.
Agree. Coins that reach the century mark are certainly neat but I've never noticed an increase in price once it reaches that milestone.
Worry is the interest you pay on a debt you may not owe.
The only uptick I've seen is the marketers driving up the price for the short term putting together the centennial sets to sell on TV and the like.
There was more of a price uptick (though minimal) at the year 2000, for coins from 1900 to pair with the new ones. For 2021 it will be the new designs. Cheers, RickO
We didn't really see such an uptick in 2009 with the 100 year anniversary of the Lincoln cent.
In fact, I think prices went down.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
I respectfully disagree. That's about the time I joined the forums as a Lincoln collector, and I recall there being strong interest, especially with the Matte Proofs which were red hot. Most of the talk on the registry forum was about Lincolns.
https://pcgs.com/setregistry/showcase/2819
Probably ups the price on this 102-year-old error coin ....
I remember wondering the same thing at the turn of the century. I thought that maybe coins from the 1800s might increase in price. I observed no changes in price due to the arrival of the new millennium.
As we know, rarity, rather than age of the coin, rules the day.
It depends. There was a lot of promotion around the 100-year anniversary of the Lincoln Cent in 2009, and prices for certain early Lincolns increased in the short term. However, that only lasted for a bit, and prices fell off.
Reaching the 100 year mark does not seem to make much difference in the price from what I have seen.
When I was a YN, I thought that the turning 100 was a big thing for a coin. Back then the new centenarians were in the 1860s, and since I was collecting Indian cents, I had new member of the club every year. Now it’s no big deal. Since I collect few 20th century coins by date, my new 100 year old coins don’t amount to much.
You may be right. But I thought that happened a little earlier. And then MPL fell sharply
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Just like magic collectors swarm in when a coin reaches the 100 year mark, 99, 98 no dice, all competing to snap up coins that just turned 100 years old though in reality coins could have been minted before or after Jan. 1!
If this were true 1921 Peace dollars would be showing a big uptick as well as 1921 Morgan dollars.
The least, they're not vintage anymore.
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
I haven't looked at the numbers but suspect U.S. coins dated 17xx have some premium over early 19th c. pieces (all other things being equal).
As for the 100-year mark I don't think anyone much cares.
No. I don't think so.
@ErrorsOnCoins that is the coolest Buffalo error!
Collector, occasional seller
Dealers I know have been seeing increased demand for 1921-dated Morgan and Peace dollars. I could see demand having an effect on those if enough people are buying them. My rule of thumb is value isn't related to age, rarity and demand drive it.
A coin that's reached the century mark seems to have a special attraction just as coins with a date that begins with "18" seems to be more cool than a coin that begins with "19" especially with non-collectors..
Worry is the interest you pay on a debt you may not owe.
You need to separate the 100 year mark from 100 year anniversaries.
In 2009, it was the 100th anniversary of the Lincoln cent and there were corresponding promotions which temporarily drive up prices on 1909 Indian and Lincoln cents. This year is the 100th anniversary of the Peace $ with corresponding interest in 1921 Peace and Morgan $s.
Does anyone remember the 100th anniversary promotion of 1910 Lincolns? The big price surge in 1920 Buffs?
1913 5c was nothing like this if it was even something at all