"Under-rated" and "Under-valued"
jonruns
Posts: 1,197 ✭✭✭✭✭
Whenever I hear these terms I think of the movie Money Pit...an XF40 1859 half eagle (less than 75 known in all grades) costs less than $1000 while a first year of issue 1838 or 1839 C or D in the same grade with 4x the population is going to cost you 4x more...
It's a simple case of supply and demand...
Can you give any examples of "under-rated" dates suddenly becoming more popular?
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Comments
The following is the PCGS half eagle pops:
Z - I think you missed my point
The best example I can think of, off the top of my head, is matte proof Lincoln cents (1909-1916). These were ignored or near-ignored for quite a while and nice ones didn't trade for all that much over ratty looking examples. However, one or two dealers started to focus on these and to more aggressively push the series and prices took off. This would have started to occur in the late 1990s or early 2000s.
In honor of the memory of Cpl. Michael E. Thompson
Civil War gold was under appreciated for years, Lib $10's were so too, New Orleans gold $20's and $10's... good luck now. Philly No Motto $5's are one of the last truly under appreciated areas with potential for future gains in my opinion.
Latin American Collection
And after that the market has collapsed leaving some us holding the bag. In my case it is a fairly small bag, a 1913 Matte Proof Cent in PR-65, Brown at way too much money. (Several hundred dollars too much)
I am probably guilty of the Money Pit approach.
In the past 24 hours, I've purchased two scarce 1818 Large Cent die marriages and a 2cent variety.
I would claim them as cherry picks, but I don't think anyone cared.
Each are likely less than 100 known, but I will take them all day long in VF to AU.
Undervalued...
Super rare and scarce VAMS like the 1878 8tf 14.5 thru 14.19 probably head the list among others
Understated...
Gorgeous toned Roosies can be had for just a few dollars.
Classic Gold Commemoratives
The US coin market is pretty mature at this point. There are definitely opportunities out there, but there has been a lot of research done for US numismatics and price guides created to guide collectors and dealers.
Many foreign coins are undervalued and there are many beautiful designs and lots of interesting history behind many series. Some of my best cherry picks are foreign key date coins and my collection is split around 50/50 US/Foreign. With developing countries growing their economies, more international coin collectors will be joining the mix too (think BRICS and similar countries).
If I become interested in a series or specifics, I can guarantee you it will quickly - and likely just before I find one I like - increase in value and general interest.....
Cheers, RickO
Underrated = I have one in my inventory.
Undervalued = I have more than one in my inventory.
Healthy PR64RB and up MPLs are a great 5-year hold, as are 66BNs,
I am obligated to note that the owner of the VDB hoard will likely disagree.
proof peace dollars
The $20 1862 P and some of the rarer CC gold but I think the CC gold is over bought, excluding the 1870 and 1871. I feel when you get into half and quarter eagles the demand falls of, which explains the disconnect between price and pop reports. I refer to stay with the denominations that are most sought after. If you can find a coin that is not bag marked or dipped it will bring more and of cost cost more.
I you own it, and you are trying to sell it, then it is under-rated and under-valued!!
a.k.a "The BUFFINATOR"