if C and D half eagles are so rare, why are they always for sale? (what is est pops, all years?)
fc
Posts: 12,793 ✭✭✭
I do not mean this in a mean way to gold collectors.
But gosh, besides a very few select years, they are always
for sale. Sure the coin might start at 2000, but they are sold
on so many different websites. And they are slabbed.
What is the estimated pops of slabbed D half eagles, all years included?
Same question on C please.
Is it my understanding that the cream of the crop, %5 or less, are
tucked away in collections for years, while the rest never endlessly
circulate to collectors/investors?
thanks (i need to goto the library and get those specialty books)
But gosh, besides a very few select years, they are always
for sale. Sure the coin might start at 2000, but they are sold
on so many different websites. And they are slabbed.
What is the estimated pops of slabbed D half eagles, all years included?
Same question on C please.
Is it my understanding that the cream of the crop, %5 or less, are
tucked away in collections for years, while the rest never endlessly
circulate to collectors/investors?
thanks (i need to goto the library and get those specialty books)
0
Comments
siliconvalleycoins.com
Now with cracking coins out and resubmission, that probably
ruined the last great chance to study the pops in a logical manner.
Anything else is just a guess? So I am curious how many coins are
left slabbed by the grading companies.
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edited to add: fatman and ryk, did you not think like this before dropping 2000+ dollars on a coin? As in, purchasing common examples. I do not mean that sliver of 5% of truly nice pieces.
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oh heck, i am just looking for opinions that might not reflect what
the "experts" think is true. For some reason I find what they say and what I see to be conflicting.
Which can be applied to just about any genuinely scarce or rare coin you want to name. For example, why do the 1913 Liberty Head nickels change hands so "often"?
Now, of course, I don't collect C- and D-mint gold, but O-mint gold has many similar characteristics.
In the case of O-mint gold, you have the relatively few really nice coins, that don't come to market very often and the "less nice" coins, which seem to always be around. I think that many of the less nice coins go from dealer to dealer to auction to dealer and have real trouble finding long-term homes. Perhaps another factor is "set completion" - a collector spends a few years building a set and then sells it shortly after completion so he can use the money to build another set. (Personally I don't understand this mentality, but I've heard about it.)
Also, a few years ago, I used to hear about dealers advertising inventory they didn't actually own, as in: Dealer A would own a coin, but the same coin would also be advertised by Dealers B and C. This technique may have been more common when the collector market was more fragmented and may have disappeared with the rise of the Internet.
Another very valid question is how many "serious" collectors of C- and D-mint gold exist. For example, if there are 200 examples of a particular coin in existence, but only 125 people who already own one or who desire to own one, then the rest of the coins have to float in and out of dealer inventories. I say "float in and out" because very few dealers can afford to own an inventory coin for years at a time. So, there may be five examples of a particular coin available at a particular point in time, but no customers for them. As a result, you may see the same five coins advertised by 15 dealers over the course of a year, giving you the impression that the coin is more "common" than it actually is.
Finally, here's an article by Doug Winter that is among the articles that, I believe, were recommended to you earlier.
Check out the Southern Gold Society
good post. thanks.
I have never studied Charlotte gold so I can't speak to that part of your question.
As for survival rates of Dahlonega pieces, these are of course only estimates because the only way to know for sure would be count each one. That is of course not possible. There are 58 dates of Dahlonega gold. Generally speaking, the more available dates have survival rates of 250-300 pieces. The tougher to find dates have survival rates of 100-150. And the rarer dates are 50-80. It has been estimated that less than 10,000 total Dahlonega pieces exist today. Now, if you want a coin that slabs at a top tier TPG, cut that number by more than half.
Now, with that said, finding D mint coins in dealer's inventories is not too hard. The dealers who specialize will have several. And you may find others that ocassionally have one or two. But you will find these to be mostly the more common dates. The tougher and rarer dates will generally only be found in a specialists inventory.
As for the pops, they are meaningless. I own a coin that I can pedigree to four different cert numbers. That is more common than not.
The Dahlonega series has 5 one year type dates. Finding nice examples of those is quite challenging. Those dates are 1855-D $1, 1839-D $2.5, 1854-D $3, 1838-D $5, & 1839-D $5.
One point of caution when looking at D mint coins. Just cause its holdered doesn't mean it is not problem free. Over the years most Dahlonega pieces have been cleaned, and the grading companies are very liberal in allowing cleaned coins in holders. Buy the coin, not the holder.