Most overpriced type coin?
ziggy29
Posts: 18,668 ✭✭✭
What do you all think is the most overrated, overvalued type coin relative to its availability?
I'll start. I nominate the Type 2 gold dollar. At least in choice AU, I see way more 1854 and 1855 gold dollars than any other date. Yet many other dates -- even with mintages comparable to or lower than these two dates -- can be found in the $200-$250 range in a nice AU-58 whereas the 1854s and 1855s set you back a grand.
I know of other highly available one- and two-year type coins that have pricing pressure on it because of its type coin status, but none seem to have the type-coin premium of this one relative to how many of them are on the market at any given time.
Any other nominees?
I'll start. I nominate the Type 2 gold dollar. At least in choice AU, I see way more 1854 and 1855 gold dollars than any other date. Yet many other dates -- even with mintages comparable to or lower than these two dates -- can be found in the $200-$250 range in a nice AU-58 whereas the 1854s and 1855s set you back a grand.
I know of other highly available one- and two-year type coins that have pricing pressure on it because of its type coin status, but none seem to have the type-coin premium of this one relative to how many of them are on the market at any given time.
Any other nominees?
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Comments
<< <i>09-S VDB >>
That's not a type coin ...
BUT,
Yea Bust Dollar prices are really out of line now. The coins are just not that rare. Among the early silver type coins, they are the second most common type of all. The Draped Bust, Large Eagle half dollar is the most common silver early type coin. With a population of at least 100,000 coins, the Bust Dollars are now really up there with VF coins selling for well over $2,000.
So far the gold coins go, the 1907 High Relief $20 has long been high priced (5 figures), yet 5 or 6 thousand of them exist in Mint State.
It's all supply and demand. The High Relief has been up there for years. The Bust Dollar is a johnny come lately that might be getting too big for its britches, although I'm not rushing out to sell the pieces in my collection, despite the high prices, because I'm still a collector.
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
<< <i>High Relief $20 Saints -- They are very beautiful, and carry a pricing premium to match their beauty. >>
Good point. They're so far out of my price range now that I never even thought about that one.
<< <i>
<< <i>High Relief $20 Saints -- They are very beautiful, and carry a pricing premium to match their beauty. >>
Good point. They're so far out of my price range now that I never even thought about that one.
I never thought that I would own one either. And then by dealing in coins, I got the cash and bought one. Now I could make a few thousand on it.
As a younger collector, you think that you will never own some of the stuff the old guys have. But if you are dedicated enough, it can happen. Now I have a Chain Cent, a 1796 quarter, 1792 half disme, some early gold, every major early type coin except the 1796-7 half dollar. It's funny how things can fall into place.
<< <i>
<< <i>09-S VDB >>
That's not a type coin ... >>
VDB cent is a hole in my type album. Sorry you don't like it
<< <i>
<< <i>
<< <i>09-S VDB >>
That's not a type coin ... >>
VDB cent is a hole in my type album. Sorry you don't like it
No, No.
The 1909-VDB can be considered a minor type coin for the advanced type collector, BUT you don't have to fill that hole with a 1909-S-VDB. A 1909-VDB will do just fine and is far less expensive.
"Seu cabra da peste,
"Sou Mangueira......."
<< <i>In addition to Bust $s, I'd include the Seated Coins with arrows. Especially the 1853s, these coins are not scarce. >>
Right you are, but the quarter and half dollar ARE very hard to find in strict Mint State. The mintages was very high, but not a lot of those puppies were saved in pristine condition.
<< <i>In addition to Bust $s, I'd include the Seated Coins with arrows. Especially the 1853s, these coins are not scarce. >>
For What it's worth, I considered the 1853 halves with arrows and rays, but I decided that the '54 and '55 gold dollars just seem a little more available, and more costly by $300 or so.
<< <i>I'll start. I nominate the Type 2 gold dollar. At least in choice AU, I see way more 1854 and 1855 gold dollars than any other date. Yet many other dates -- even with mintages comparable to or lower than these two dates -- can be found in the $200-$250 range in a nice AU-58 whereas the 1854s and 1855s set you back a grand.
>>
I agree -- that's why I ended up getting an 1856-S for my type set. Yes, it's quite a bit more than the 1854 or 1855, but relative to its scarcity (e.g. compared to other gold dollars of similar pops or mintages), it's not as overpriced. The 1855-C and 1855-D are similar, but no way could I afford those!
I think $4500-5000 for a proof 65 is a lot of dough for a coin that is not rarer than the Barber half, in all the grades. The Barber half is almost half the money.
Compare that Morgan which is 8X more common than a PF65 No Motto half but the SAME price. You can add up all the seated halves in PF 65 for all the various types and still have more PF65 Morgans. But people sure do love them PF Morgans. Just think that a PF68 Barber dime is far rarer than the PF68 Morgan (at PCGS) and sells for tons less money. This says size does matter!
roadrunner
Check out a Vanguard Roth IRA.
even choice UNC when you compare them to all the years around them. But their one-year type coin status has boosted their stock over the years. I could use a nice MS65 A&R half, unfortunately every one seems to have been dipped at one time. And if you find one that hasn't been cleaned-dipped-or whizzed, it's probably got knee rub anyhow.
roadrunner
My Odds&Ends eBay Stuff to fuel my coin habit (No Coins)
Liberty: Parent of Science & Industry
<< <i>Anything dated "17xx" with the small eagle on the back is overpriced IMO. You should sell it to me cheaper. >>
You might want people to sell the Draped Bust, Small Eagle type coins to you cheaper, Bailey, but the fact remains that as a group, those are the rarest type coins of all. The mintages were low, and for many issues, especially the early half dimes, the initial quality was low. More than 30 years ago, James Ruddy commented that the Draped Bust, Small Eagle Type coins were the harded piece to find find for the photographs in his Photograde book.
No, I'd say that with the exception of the Bust Dollars, whose prices have gotten out of hand, the recent increases in the prices for PROBLEM FREE, attractive early type coins are in line with their rarity.
Liberty: Parent of Science & Industry