What coin has the greatest total value of its surviving population?
david3142
Posts: 3,635 ✭✭✭✭✭
I was thinking about this in reference to the Mons Lisa thread. If you took all of the surviving coins for a given denomination/date/MM which is worth the most? I would guess 1924 Saints, of which there are several hundred thousand in existence and the average coin is probably worth about $1400.
PCGS pop ~ 306,000
NGC pop ~ 321,000
I’d guess there are more raw coins than resubmitted coins but let’s say they cancel out.
That’s 627,000 coins * $1400 ~ $880MM
Can anything else top that?
0
Comments
According to the PCGS Coin Facts, it is estimated that there are 1,916,666 1924 Saints with most being Mint State.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I see that now - thanks for pointing it out.
1) That is a strangely specific estimate. 2) I’m surprised that they guess only 1/3 of the population has been slabbed.
That puts the total value at more than $2 Billion. I can’t imagine anything else tops that.
The value of all 1965 quarters is probably about $400 million, so that’s not it.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
With 2 million mint state Saints you MIGHT be in the running for the Mona Lisa. Wouldn’t it be cool to see that many Saints at once!!!!!
A better estimate is 1.2 million 1924 DE survivors - but who's counting? It's a lot. $1,680,000,000 but that is only due to bullion. How about the lowly 1-cent coin?
What about 1881-S Morgan Dollars, or maybe 1921 Morgans?
Out of curiosity, where did you get 1.2MM? I would be similarly curious to know where PCGS came up with 1.9MM.
The trick is that the coin has to have worth far out of proportion to its rarity. Gold will do that, as will perceived scarcity like the 1909-S VDB but even if there are 100,000 S-VDBs around at $1000 per coin that's still only $100MM.
For the 1881-S PCGS estimates 1.2MM outstanding. I would imagine the average value is closer to $100 though.
84% of 1950-D nickles exsist in MS condition, thats about 1,750,000 out of the 2,100,00 minted.
"Keep your malarkey filter in good operating order" -Walter Breen
But at $10 each, you are a factor of 100 below the Saints in total value.
All comments reflect the opinion of the author, even when irrefutably accurate.
Made you think.
"Keep your malarkey filter in good operating order" -Walter Breen
Not that hard.
All comments reflect the opinion of the author, even when irrefutably accurate.
Reading through this thread (and others) I just want to say I'm impressed by the civility on these boards. I just looked at a stock picking site, and just the opposite exists there.
Guess coin collectors are just more friendly!
We polish our halos daily. Not our coins.
You must be new.
There will be (more) fireworks.
Try asking someone about CAC
All comments reflect the opinion of the author, even when irrefutably accurate.
RE: "Out of curiosity, where did you get 1.2MM?"
It is statistically based on mint delivery dates and quantities, releases to FRBs, export timing and quantities, plus known inventories of European and South American banks (central and private), and also considering proportionality of advertised and authenticated pieces in lower BU conditions. US vault inventories are also available for some years and those are also factored into the estimates.
I've no idea of sources for other estimates.
Yes, I'm fairly new....not to collecting (or life) but new to this forum. I've read and participated in a few CAC threads. Yes, there are fireworks. But even there the fireworks are about CAC, not directed at individual members like the stock forums.
But back to the topic at hand....the 1921 Morgan has a mintage of 44,690,000. If one assigns an average vale of $50 (admittedly a bit of a stretch) that give a value of over 2.2 billion.
Of course, we don't know how many Saints and Morgans have been melted...
PCGS Coin Facts estimates that the survival rate of the 1921 Morgan to be 4,470,000. Also, your average value of $50 is quite generous.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I am just happy with my small percentage of these stated populations....
Cheers, RickO