Name a coin in your series of interest that is overvalued (and why you think so)
RYK
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I am not talking about 1804 silver dollars or Brashers or 1913 Liberty nickels or even 09-S VDBs. Name a coin that is overpriced/overvalued in YOUR series of interest and why you think so and/or why it might be overvalued. Think of a coin that probably would not be recognized as such by a fellow collector who is not a specialist in the series (excludes coins like 09-S VDBs, 37-D 3 legs 5c, etc).
I'll go first:
If you divided Dahlonega $5's into four tiers of availability (I just made this classification system up--Tier I is most available and Tier IV is least available), the 1860-D is a Tier II coin with 145-165 collectible examples extant. Despite this, the value/pricing for this coin in AU-58 exceeds all but three issues, all well-heralded for their scarcity (42-D LD, 50-D, and 61-D). It is generally priced higher than the 55-D through 59-D issues which are all considerably more scarce, not only in the pop reports and survival estimates but also on the ground. I have not heard a good explanation for this. One possible reason proposed is that there may have been a price manipulation in the distant past that has never been corrected. Another is the temporal association with the famous and extremely desirable 1861-D, the rarest coin in the series and only other coin from the 1860's. Neither of these explanations is satisfactory to me.
I'll go first:
If you divided Dahlonega $5's into four tiers of availability (I just made this classification system up--Tier I is most available and Tier IV is least available), the 1860-D is a Tier II coin with 145-165 collectible examples extant. Despite this, the value/pricing for this coin in AU-58 exceeds all but three issues, all well-heralded for their scarcity (42-D LD, 50-D, and 61-D). It is generally priced higher than the 55-D through 59-D issues which are all considerably more scarce, not only in the pop reports and survival estimates but also on the ground. I have not heard a good explanation for this. One possible reason proposed is that there may have been a price manipulation in the distant past that has never been corrected. Another is the temporal association with the famous and extremely desirable 1861-D, the rarest coin in the series and only other coin from the 1860's. Neither of these explanations is satisfactory to me.
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Comments
What is now proved was once only imagined. - William Blake
High Relief Saints.
Desirable? Yes. Beautiful? Unquestionably.
Rarity to Price Ratio?
So offputting, that if I actually could afford an uncirculated one, I might consider using the money to rethink my series of interest.
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The less obvious ones seem overpriced kinda of like those over mintmarked Lincolns. Why pay extra for a blemish or small thing that is hard to see anyway, most dealers do not even notice.