Is there any single 19th century coin (same date/MM) that you're hoarding?

Prethen · November 30, 2006 12:57AM

This question has been asked in the past, but I wanted to avoid the extra fluff of 20th century issues like 1996W dimes, etc.

Is there a single issue of a coin...a single date, mint, denomination that you buy whenever you see a nice example?

One coin stands out for me...1875 3CN (circulated)....I only have 4 of these right now. Occassionally you can find the 1875 3CN in uncirculated grades in auctions but this coin (circulated) is notoriously always missing in virtually all dealers inventories. Oddly enough, in any given week you can find 1-2 examples on eBay. I just picked up another one this week.

You typically cannot find this coin on the bourse floor. At the ANA show in Denver I only found 1 or 2 examples and I liked neither of them. The coin has a relatively high mintage of 228,000 coins and sells as a common 3CN. It's funny whenever you examine the 3CN inventories of the big guys, they'll have one or more examples of 1874 and 1876...but guess what's missing?

I'm sure you can occassionally find it in some inventories (I do, rarely) and you might even prove me wrong right now, but I don't think you'll consistently prove me wrong. People don't collect this series by date typically which is why the bids are so low on this coin. This is the reason why I'm hoarding them. I love a coin at a great value (I won't lose money at the prices I'm buying these pieces) and the history and the upward potential.

Why did you choose to hoard your particular coin?

Let's try to avoid pix on this thread and just drive a good, informative thread.

Bruce

StampAlarm · November 30, 2006 1:01AM

1885-CC CIRCULATED Morgans. I've been able to find ONE! And I'm hoarding it!

Jerry

tjkillian · November 30, 2006 1:02AM

I am, but it is a secret as I want to finish what I'm doing before I tell anyone.

Tom

DennisH · November 30, 2006 1:14AM

Circulated 1895-S Morgans in PCGS holders. I'm up to 23 so far.

It's a sexy date in the most popular series collected, it's a coin with meaningful value in every single grade, and problem-free examples are much more difficult to locate than both the certified populations and Grey Sheet prices would suggest.

Prethen · November 30, 2006 2:36AM

Not too many hoarders out there?

rhedden · November 30, 2006 2:42AM

Low-population Seated coins are subject to hoarding and sometimes disappear entirely from the market for a time, only to suddenly re-appear when a hoard is dispersed. In some cases, the "hoarding" may actually consist of a handful of people collecting different die marriages / die states of coins that were very scarce in the first place, rather than a deliberate attempt to hoard or corner the market. According to a discussion I had with Mr. HalfDime last night, this may be the case with the 1848-O half dime, which is scarce in VF-AU grades, and has 8 very interesting die marriages that tempt collectors to acquire multiple examples of the date. I would say that 8 coins constitutes a hoard for that date. I only have two of them, and they're both butt-ugly, so don't blame me.

MrHalfDime · November 30, 2006 3:03AM

Hey, I only have 31 of them, so don't blame me.

michael · November 30, 2006 10:35AM

sweet

1876 twenty cent pieces in circ have not seen a truel original circ coin that met my eye appeal standards in 18 months truly scarce++ to rare

and yes the 1875 three cent nick in circ is an extremely scarce coin!! try to find one or two !! i dare you

how about an uncleaned nice higher end au 1835 1837 1838 quarter eagle????

lathmach · November 30, 2006 10:45AM

I suppose you could call it hoarding.

Ray

roadrunner · November 30, 2006 10:52AM

In the 70's and early 1980's I hoarded the following coins in all grades found:

1867-s quarters (had 9 in Fine-XF)
1858-0 dimes (had over a roll of them, mostly Fine-VF)
1840-0 WD half dimes (a half dozen or so)
1847-0 quarters - had a half dozen or so
1859-0 quarters - had a half dozen or so
1880 nickels circ - ONE (that was every one I found in 10 years of
looking.....lol)

Today, all my mini-hoards are long gone.
A hoard these days might just be having all 3 uncs known for a date or having the two highest graded pieces or something like that.

roadrunner

Dog97 · November 30, 2006 11:01AM

Anything 1897. 1797 too, but I don't run across those very often.

Prethen · November 30, 2006 1:17PM

<< <i>I suppose you could call it hoarding.
Ray >>

I guess your criticism is aimed my way. I agree that 4 coins does not make a hoard. However, I am accumulating a number of other late-date 3CN in multiples. It's not like they're available by the roll for the years I'm after. It has taken me 2 years to get the 4 coins that I already have.

Michael, I only have 2 1876 20¢ coins. Definitely not a hoard, but an extremely difficult coin to find anywhere in any grade (especially circulated grades) at any price.

Baley · November 30, 2006 2:09PM

I hoard a couple of Overton varieties; I own 3% of the known population of one of them (in any grade) and 33% of another.

lordmarcovan · November 30, 2006 2:38PM

I'm not technically hoarding them, but low grade 1882 Indian cents seem to like me, and accumulate, somehow.

MikeInFL · December 1, 2006 12:56AM

I purchase all the nice early 1840s XFish large cents I can find. These coins are significantly tougher than their price would indicate, IMHO..Mike

Is there any single 19th century coin (same date/MM) that you're hoarding?

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