question on prices of 1871 and 1872 IHCs

MikeInFL

After reading this thread, I got to wondering about the relative value of the 1871 and 1872 IHCs....

The 1871 has a lower mintage and a lower certified population, yet is valued at only 60% the 1872.

Can anyone explain this strange situation? Thanks in advance...Mike

ldhair

It may have been a trend that started many years ago and has never corrected itself.

EagleEye

There has been constant demand for the 1872 due to at least one collector, Carl Herkowitz who during 1980-2002 was constantly buying the date. I'm not sure if he alone caused the price to rise faster than the 1871, but at least he kept the coins selling at the current market price. He was very picky and amassed about 200 pieces in F-AU grades. He sold his collection a year ago. Curiously out of all the coins he bought the only Shallow N he got was purchased as a Shallow N. I think that speaks volumes regarding how scarce the Shallow N 1872 is.

MikeInFL

I figured it had to be on the demand side, but I would never have guessed it was due to one person's accumulating of the date. Very interesting and thanks for the info, again, Rick...Mike

p.s. I'm feeling better and better about the 1871 Shallow N you sold me.

BWRC

Here is my 1872 shallow N