An Interesting Comparison of Value (Price) versus Scarcity for a Few Selected US Dimes
OK, I fully understand the concept of Supply and Demand, and the fact that if a collectable (a coin in this case) is scarce does NOT automatically mean that it will have an accordingly high value (price).
However, as a Capped Bust Dime collector I still find it interesting to compare the 1916-D Mercury dime to 1809 and 1822 Capped Bust dimes.
I do not collect Mercury dimes, so I do know how difficult are these to find, but I do know that many collectors strive to have one. I learnt from PCGS Coinfacts that there are up to 10000 1916-D dimes in existence. That high number surprised me.
Looking at the 1809 and 1809 Dimes on the other side, with extant population estimates of 200-300 and 200-250 respectively, I can as collector vouch for how difficult these are to find.
I decided today, out of curiosity, to compare the values for PCGS -graded 1916-D, 1809 and 1822 dimes coins in a few selected grades, in this case 1-20, i.e, low grades, but typical collector grades, at least for the scarce but dimes.
Here is a comparison table taking the values from the PCGS pricing guide. I hope this is allowed. Also, please excuse the table is a bit skewed and difficult to read, (a reflection of my poor computer skills).
I was surprised that a scarce coin such as the 1809 dime is priced (valued) at approximately the same level as a 1916-D dime in this grade range.
The 1822 dime on the other hand is valued higher than a 1916-D dime, but still not a a level which in any way reflects how difficult this coin is to find, assuming you want one.
I am assuming that 1916-D dimes are readily available in these lower grade ranges if a collector wants one. The population estimate numbers, at least, would seem to indicate it is.
I know that many such comparisons can be drawn in other coin series with similar results: that some issues are valued higher that others, in spite of much larger populations. Demand will dictate the value. However, this is one example which really struck me.
I Would much appreciate hearing your thoughts,