why wouldn't it make pre Euros more valuable?
1957joe
Posts: 608 ✭✭
If all of the Euro countries recalled many of their coins and currency to introduce the Euro and these will NEVER be made again, it seems to me that these older coins would be worth MORE as time goes on! Am I missing something?
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I think, to shorten all that, it's a lot like the US liteside over here at times. I tend to aim more for German States' older stuff and that crowd seems to be the crabbier older guys, so maybe my view is slanted
[I'm 22, btw.. just so y'all don't think I'm a crabby old guy.. crabby, maybe ]
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<< <i>I'm gonna haveta say nostalgia, with a lil hysteria thrown in.. at least from my observations in Germany. Now the Germans are kinda nutty with their prices as it is, so this may not be a good example, but it seems these things, from proof/mint sets to junk box bonanzas, can be easily found. Depending on where you are (a show, a shop, or the flea market) the same items might lie there forever, never selling. At shows, they can be like vultures. But overall it looks like there's a plentiful supply for every fluctuation in demand. So many of the people that buy the stuff up just do so for resale, too, that I don't see them disappearing into private hoards anytime soon. I dunno.. this is just my impression based on Germany.... >>
You're right -- it is kinda nutty at times. But then again, I've seen French FDC sets containing coins minted in the hundreds of millions that nobody would even touch at shows sell for $50-100 on ebay these days because the sets' mintages were low while truly rare coins go begging for buyers. I bought a date run of 1960s and 1970s Vatican sets last year for basically the price of the silver in the 500 lire -- now I can't find the other dates I need for less than twice the Krause price.
I would like to think this is the result of the euro bringing new collectors to the hobby and not some ominous sign of a lightside-style registry craze, where people pick through mint and proof sets for the elusive top-pops to sell for big bucks.
Come on over ... to The Dark Side!
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look at the values for Swiss mint sets since 1968. These coins tend to be superb and the vast
majority of them appear fully struck and proof like. These sets were made in staggering numbers
frequently they were even over 10,000 sets produced. If there were ANY serious collectors they
would certainly buy these coins first since they are so superior to the other coins. These sets like
their US counterparts sold for face value for years!!! Even today they are available for less than
double face value in many cases.
So if collectors couldn't be bothered with the gems, just how many uncs do you think were set
aside from circulation? It's the same with our 1976 mint set. This set is the only source for su-
perb gem examples of the most widely hoarded pre SQ modern. Still there was very little interest
in these sets until the last few years and huge numbers have been cut up and the coins spent.
1950-2000 coins are getting a great deal of attention from a handfull of collectors who see that
there are numerous rarities. If demand ever becomes significant then you'd better hang on to
your hats because there will be no stopping them.
Throughout history small denomination coin has not been turned in in large percentages when it's
announced that they will be demonetized. The situation in Europe is likely to be typical in this
regard. There have been many billions of coins already melted but it's not reasonable to expect
this will leave any rarities(perhaps some E German?). It might be remembered though that virtually
every single one of these coins which were saved back were kicking around in circulation. There
will be no 20 or 30 year old uncs in these. If you want an unc you have little choice in many cases
than to buy a mint set, and these have suffered great attrition due to their absurdly low prices and
nearly total lack of demand.
have been selling for hundreds or thousands of dollars for many years. This also applies to many other
base metal coins from this era.
...and again, this all reflects a VERY anemic demand.