Coins with Greatest Liquidty
Higashiyama
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Among coins with a significant numismatic premiums (so excluding bullion coins), which have the greatest liquidity? I'm curious to hear people's thoughts and examples.
By liquidity, I mean adequate demand and a relatively high degree of certainly with respect to retail value. Perhaps these would be coins that you could likely resell shortly after acquisition for 85 - 90 % of your purchase price?
(There are of course many wonderful coins with limited liquidity, but higher end and more modest coins)
Higashiyama
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Liberty Seated Dollars.
How do you define “significant numismatic premium” in terms of dollar value and/or premium over melt value?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I'm not a dealer and so don't know the whole market, just a type set collector, but I have been watching the market for the earliest US coins for a long time. The very first stuff - 1793-96 or so, the chain/wreath cents, the flowing hair silver, always-always-always gets bid right up to the top of the market. I finally took the plunge and these things are big bucks, but I have no doubt I'd recoup my expense when the time comes to sell. (minus the auction fees of course, that's the cost of ownership.)
@MFeld - my goal would be to include coins where short term fluctuations in precious metal prices don’t affect the sales price much. To try to be more precise, let’s say that the numismatic value is at least 5x the bullion value? So, I think this would include virtually all copper and silver, and most older or rare date gold.
X
Thank you.
Here are some coins that quickly come to mind:
MS66 common date Morgan dollars, circulated 1909-S VDB and 1955 DDO cents,1937-D three legged nickels, 1916-D dimes, and Capped Bust half dollars.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
In some ways cac takes the guesswork out of trying to figure out where a certified coin stands relative to its assigned grade. I'd say that they have introduced a lot of liquidity with their backing.
Red Book varieties seem to be pretty liquid.
Key-date coins in popular series such as 1877 Indian cents, 1909SVDB Lincoln cents, 1916-D Mercury dimes, !932 D&S quarters, 1893-S Morgan dollars, etc,
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
Melted coins are very liquid before they cool
Pre-1933 slabbed common date US gold coins are extremely liquid.
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 don't follow Washington quarters; but, I've been told by friends that 1932 D & S quarters have really come down in value. Is that not the case?
I haven't been following the Washington quarter market but I imagine your friends are talking about gem level slabbed coins. I also imagine that the coins in the circulated grades such as VF, XF, and AU readily sells to those who are plugging holes in their coin album. Just because the price drops on a coin, it doesn't mean that it isn't liquid.
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
For coins whose numismatic value is at least 5x the bullion value, my choice for most liquid would be uncirculated Carson City Morgan dollars.
My Adolph A. Weinman signature
When I asked the OP what he meant by “significant numismatic premium” he replied:
“@MFeld - my goal would be to include coins where short term fluctuations in precious metal prices don’t affect the sales price much. To try to be more precise, let’s say that the numismatic value is at least 5x the bullion value? So, I think this would include virtually all copper and silver, and most older or rare date gold”
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
They have declined in value over my lifetime when adjusting for inflation.
Better date coins.
Precisely. The gem key dates in the Washington quarter series have come down in value, but choice and near gem examples have increased. Also collector coins in grades, such as XF and VF are always in strong demand.
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My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Graded coins tend to be more liquid than raw coins. Was that part of the equation?
@MFeld
I dont disagree completely as the demand is there but most of those always have so many available. I have found it can be a challenge getting yours noticed at close to retail. There are other coins that don't have the same demand but due to their scarcity I have found them easier to move in multiple different avenues.
Basically which formula = the most liquid? 100 buyers for 200 coins (100 of them move but maybe not yours) or 10 buyers for 2 coins (only 2 move but both of them do). As a small time guy I find it easier to move coins that are not found in many if any cases. I know dealers like coins they can stock with lots of buyers which is why classic key dates in popular series tug at their hearts but I'm not so sure they are individually the most liquid as they are statistically the most.
My 2c
11.5$ Southern Dollars, The little “Big Easy” set
Key date coins, CAC green and gold beans, and classic types with good eye appeal.
Key dates with nice eye appeal.
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