what do you think are the most overpriced coins today ?
WingedLiberty1957
Posts: 2,990 ✭✭✭✭✭
The first one that comes to mind are MS70 American Silver Eagles. These are still bullion coins in my eye. Actually I might expand that to any MS70 Modern coin.
One of the older rare dates that always seemed overpriced to me is the 1914-D Lincoln. The 1914-S actually is rarer in terms of high grade slab counts, but the 1914-D is double the price of the S. It always felt like a rip off to me. $4000 for an MS64BN, that's too high IMHO.
What are some others?
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2020 v75 gold Eagle
Brasher doubloon
Every coin I would like to purchase 😂
Any ASE since last night...
APMEX is selling silver eagles for $43 each. wow.
My Coin Blog
My Toned Lincoln Registry Set
Gold CAC coins
But most are very pretty.
Everything currently sold by the USMint....
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
1909 VDB Lincoln cents. Mintage 27,995,000. Most are still around. These sell for about $5.00 - $12.00 in F-VF condition. Always lots of them available in any grade, at any show, and anytime on the internet.
hard to argue with anything the OP stated, especially the 1914-D vs. 1914-S observation.
All of them.
Brown Lincolns.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
US coins
I'm not sure what "overpriced" means. It's all supply/demand. Many of the pre-2020 items cited here used to command much higher prices.
Here's a warning parable for coin collectors...
All right now, who hijacked keets account?
Most mint state CC dollars are too high, compared to their counterparts from other mints in the same grades. Tremendous quantities of the CC's were sold through the GSA sales in the 1970's. Their scarcity prior to that resulted in high valuations that have not adjusted in proportion to their increased availability.
I kind of think the supply/demand curve from economics 101 works all of this out.
Said another way, the market doesn't really care what I think. Pay what it takes, or don't own the coin. I agree with you about MS70 moderns, but I don't collect those so I don't really care.
When it comes to pricing "rare" collectibles, perception is stronger than reality.
I interpret it to mean based upon general perception of relative numismatic merits, as seen by most collectors, whether they collect the coin or series or not.. Otherwise, since all prices are based upon supply and demand, then by definition nothing will ever be overpriced.
In US coinage, practically every single 20th century key date. Also every condition census coin selling for a "noticeable" premium over a slightly lower example coin where the coin is generically common.
In world coinage where TPG is preferred, also the highest TPG grades in the series I know at least. As an example, South African ZAR and Union have crashed since YE 2011 but "top pop" coins are still inflated versus somewhat lower quality MS and lower MS are overpriced versus choice AU.
Condition rarities.
Supply and demand dictates the price. Just because someone may want a coin but not pay the going rate doesn’t mean it’s over priced.
I’d like to have nothing but pre 33 gold....and if my budget allowed, I would but it doesn’t, so I don’t.
But because my budget doesn’t allow me to aquire some of the coins I’d like to have doesn’t mean they are overpriced.
Red Lincolns