Options
What Is The Most Overvalued U.S. Coin?

What do you think is the most overvalued U.S. Coin? You can make up to two choices.
I nominate first the 1995-W American Silver Eagle in PR69DCAM. With over 400 graded, and a price of $2,500 or more, someone is going to take a bath.
My second choice is the 1933 Saint to be auctioned. At an estimated auction price of $5 million to $10 million or more this has got to be a trap. The coins is nicked up. Probably a 64 at best. The type is stone common. OK, so its the only "legal" piece of the date. Who cares? How dare it think about trading for more than the PR68 1804 Bust Dollar that went for $4.1 million. Note the dollar is a rare type, and the piece is beautiful.
Greg S.
I nominate first the 1995-W American Silver Eagle in PR69DCAM. With over 400 graded, and a price of $2,500 or more, someone is going to take a bath.
My second choice is the 1933 Saint to be auctioned. At an estimated auction price of $5 million to $10 million or more this has got to be a trap. The coins is nicked up. Probably a 64 at best. The type is stone common. OK, so its the only "legal" piece of the date. Who cares? How dare it think about trading for more than the PR68 1804 Bust Dollar that went for $4.1 million. Note the dollar is a rare type, and the piece is beautiful.
Greg S.
0
Comments
How about the 1916-D Mercury dime? I don't think I have ever seen a day on E-Bay where at least a half dozen were available, yet it consistently goes for big bucks even in GD-04.
Keith
<< <i>OK, so its the only "legal" piece of the date. Who cares? >>
It is a definate pop 1 coin for that person who wants to be the only one to have one. I think it has a neat history.
Cameron Kiefer
Keith
Bettin' odds are on the multimillion dollar coins.
However, the most overvalued coin has to be the penny.
You know what Homer Simpson would say about the price of 1909-S VDB? "Wait a minute! This could be some kind of scam ... or possibly scamola!".
RELLA
who boasts of twenty years experience in his craft
while in fact he has had only one year of experience...
twenty times.
For some life lasts a short while, but the memories it holds last forever.
-Laura Swenson
In memory of BL, SM, and KG. 16 and forever young, rest in peace.
Tom
Obscurum per obscurius
So naturally I will say all of those toned moderns that people seem to pay so much for, when a nice white one in one grade lower is worth close to face value.
We'll use our hands and hearts and if we must we'll use our heads.
However, please clarify the meaning of "overvalued"
I would usually use the term to mean a coin where there is a substantial risk in a decline in value, where the risk mainly stems from a potential drop in demand. (This is a definition where one may be accused of bashing, as it suggests that current prices have an element of hype)
Some of the responses seem more to be placing more of a qualitative value judgment on the coin itself (e.g. - why would anyone want some illegally minted nickels), without necessarily believing that there is financial risk in acquiring the coins.
In any case, my nomination would be a coin I own -- my MS61 Oregon Trail 50c, that I purchased for the novelty of owning such a strange grade -- unless you are trying to put together a grade collection, you probably shouldn't pay much over face for this coin!
My vote is for the MS68 steel cent. I don't care how rare they are. Anything with a price range of less than $5 for a generic UNC on up to $900 or so for an MS68 ($600 on the cheap side), is pretty wild for me. I'll take an MS67 at around 1/20th of the MS68 price.
Jim
And so as not to be accused of modern bashing I'll make a second vote for those coins made under questionable circumstances like the class II/III 1804 dollars and 1913 Liberty Nickels. In my mind they are worth no more than the melt value of the metal used to make them.
Adolf Hitler
No comment
most undervalued:
w/o question 1873-CC No Arrows Seated Dime. 1 known & it can still be purchased for under 1 million. Of course, no bias here. Sure... I collect these babies, but i still feel this is the most undervalued coin
Re-elect Bush in 2004... Dont let the Socialists brainwash you.
Bush 2004
Jeb 2008
KK 2016
_____________________
My Other Hobby
For that matter, I think that a lot of the 66/67RD cents from 34-58 are vastly over valued. I have most of them in my set, and they're going for almost twice what they were six months ago... when the pops were almost half what they are today in most cases. I think a lot of people are going to get "burned" on those. Heck, I'm thinking about selling out on my late dates because I think I'll be able to buy them back cheaper a couple of years down the road.
Check out my set, if you want.
Coins that are very few if not one of a kind and their price is determined by those with unlimited fiunds who have little choice if they want to own that coin. Both the 1804 and the1913 nickel were highly promoted by their previous owners. Max Owned all 5 1913 Vs when he ran his adds offering thousands.
The other group has been coins that have been hoarded and hyped. In other words the price has been or is being manipulated.
It is obvious that the 1995W has been hoarded and is being manipulated. When the price is right the hoard will be unleashed. Then it may continue to be a much sought after common "key" like the 09Svdb or it may join the likes of the 50-d nickel and the 55s lincoln.
I can't see that Eagle being worth 10 times more than a more than 100 year old AU gold quarter eagle with a mintage of less than 25,000 (SSP check my auction
I agree with TDN, there is no such thing as an overvalued coin. At this moment in time. But there are coins that will lose popularity and those that will gain as things change over time.
So I can take this question to mean what coin will be much less popular in the future? Or which coin can really increase in supply in the future? But since we don't know the future we can only guess.
I'd guess the silver eagle will lose popularity before the 33 Saint does. However someone might pay too much for the saint, we don't even know what price it will sell at. If it goes for 3 million that could be a bargain.
Like the Icon.. Was that the AU50? from the Benson II sale? or the 63?
Tad,
Nice icon too
Re-elect Bush in 2004... Dont let the Socialists brainwash you.
Bush 2004
Jeb 2008
KK 2016
"Because I can"
myurl The Franklin All Old Green Holder Set
I have to disagree with you about a hoard of 1995-W SAEs. They were sold with a gold SAE set and you had to pony up $999 for a set. The 1995-W was a throw in. The set on sold 31K.
For people who pay $999 for a set, they are in no rush to break it up to make a couple of dollars. That is why I believe they coins come out in trickles. None of the dealers bought a bunch of these because they were too capital intensive.
Not knowing that the SAE would take off, you would have had to invest $50,000 to get 50 of the sets. I dont think there is all that much demand for the Gold American Eagles and thus no single individual in my mind has a great number of these coins.
I will not disagree that they appear somewhat overpriced, but as has been pointed out by others.. it is a supply and demand pricing world out there.
And, there are a few of them right now.
If I have to be serious--the 1933 Saint.
-----------
etexmike
.......
The 1933 $20 .........the best buy of the 20 century. Just remember....the buyer of this coin will have publicity rights worth in the tens of millions of dollars for this coin and more importantly will also have immortality. . I daresay this coin will bring very close to $10 million if not more.
Other most undervalued coins? If I told you then I would not get to buy it first!!!
Glad you liked my icon enough to copy it
We actually own that Gobrecht!!!
To those of you who asked, it is the J-60 PCGS PR62 from the recent Benson auction.
Sunnywood
Sunnywood's Rainbow-Toned Morgans (Retired)
Sunnywood's Barber Quarters (Retired)
parts. Indeed they may be a little less common! Certainly many people are looking for these so their
survival rate will be far better.
Demand for the low grade SQ's will eventually level off and decrease. But these new collectors are not
yet all that sophisticated and few have discovered high-grade coins. The demand for these could quite
possibly continue to increase for some time. Very few of these coins are high grade, with a little demand
prices could be explosive.