What do you think is currently the most traded coin/series?
Coins3675
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What are your thoughts?
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Morgans, there popular
By volume, it's got to be those represented by current year proof and mint sets. The US Mint sells a lot of those alone.
If by value, I'd guess Saints and one of the most common dates within this series.
Gotta be Morgans
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Morgans always steal the show.
Lincoln cents are the most widely collected series and pretty much has been for many decades among the total collector base, and it is or perhaps I should say was the gateway to collecting for many. I started collecting by going through circulated coins a bit over 60 years ago and one of my first great finds was a 1922 no D strong reverse (authenticated by ANACS a few years ago at Fine details before I sold it off and got a nicer one).
I have some nice Morgans, great coins but unlikely to be the most common set collected outside of much more financially able collectors.
You need parameters. By unit volume? By dollar volume? By dollar per sale? Etc. Are you including bullion?
If you are talking about number of pieces, it is likely Lincoln cents. Wheaties frequently sell in bag quantities of 5000 pieces. However, circ bags are only 5 or 6 cents per coin.
If you are talking about total dollar volume, it's likely gold. Which specific series is trickier, could be Libs or Saints but it might even be AGEs. A $5000+ per coin, you'd have to sell 50 to 100 Morgans for every DE.
It could even be silver eagles. The Mint sells 20 to 40 million of them every year. Last year, that's somewhere around $2 billion. And that's only sales of the CURRENT year!
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I don't think modern proof and Mint sets are even close. Things like wheat cents are sold in bag quantities constantly. Hundreds of bags sell just on ebay which amounts to millions of coins. They sell half a million or less of modern proof sets and less than half as many mint sets.
Modern Mint and proof sets aren't even the largest volume coin sold by the Mint. They sell 35 million+ silver eagles every year.
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But not the money...
All comments reflect the opinion of the author, even when irrefutably accurate.
Like say you had a $1,000 budget. What one coin would be the best to buy?
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That's a completely different question.
The answer is simple: the one you like best. Why would you ever spend $1000 on a coin that was 10th best or didn't interest you at all?
Or are you looking for possible appreciation? That's also a completely different question, although I still wouldn't buy anything that I didn't love because almost no $1000 coin purchase will outperform an S&P500 fund in the long term.
I think that if you have to ask, you shouldn't buy anything until it is obvious to you without asking.
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Just an observation: Most collected is about participation. Most traded is about liquidity. They overlap, but they’re not the same thing...
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100% capped bust halves, no question. A few sold today at the Long Beach coin show.
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Among those represented here at this forum, it’s probably Morgans. If you consider all collectors, it’s probably Lincoln cents.
With a thousand bucks I think it depends on what your looking for. A high grade Morgan or most of the old coins usually sell for over a thousand bucks. I just looked at over 2000 Morgan's and for high graded you have to drop your standards to common dates to keep it around 1000 bucks. So it depends on if your buying just to own any type coin or more specific.
Just my thought.
I wasn't thinking in the context of rolls or bags, but you're correct.
I first thought the OP was referencing coin(s) that one would trade for another coin. However, after reading responses, I'm assuming you mean those that are the most bought/sold vs "traded".
Anyway, lincoln cents likely lead the way followed by Morgan dollars if we are talking of non-bullion coins.
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Totally different than what you originally asked.
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running like a water color in the rain...."
Morgan Dollars
To give you an idea of trading volume for different series at auction, here are the amount of entries available in the Heritage Auctions archives for different types/denominations/series. Morgan Dollars make up quite a bit of the volume of American coins sold at auction.
By number. Not necessarily by dollar. And only in that one venue...
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I would think in terms of trading volume by quantity and overall dollar value it would be Morgan Dollars, because, you know ... Morgan's always steal the show.
Seriously though, a quick look at the sheer quantity of Morgan's that trade hands every day at auction houses, eBay, dealer sites and local shops is astronomical compared to every other type I can think minted prior 1958, except for Lincoln Cents, or maybe certain bullion-related issues. And from bullion stock to uber grades, I suspect the trading volume by dollar amount of Morgan's dwarfs the rest of the collector market in TRADING.
I don't KNOW this, but I am pretty confident I am correct.
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