Look for some "key date" hoards to start hitting the market.

291fifth · October 24, 2008 12:08AM

You heard it here first!

Connecticoin · October 24, 2008 12:18AM

<< You heard it here first!

>>

Well, try the BST first so we get first shot!

ozzyfan269 · October 24, 2008 12:23AM

Exactly!

LOL

291fifth · October 24, 2008 12:24AM

<< 

<< You heard it here first!

>>

Well, try the BST first so we get first shot! >>

Not from me. I have no such hoards.

Think about it. What is a collector who finds himself having trouble paying the mortgage going to sell first, his main collection or his rolls of hoarded 1909-S VDB cents?

Hoarding of key and semi-key coins has been going on for the past twenty years or so. There are plenty of hoards out there waiting to be disbursed. With the economy the way it is the hoarders may actually have to sell the hoarded coins while they are still living!

garsmith · October 24, 2008 12:25AM

<< 

<< You heard it here first!

>>

Well, try the BST first so we get first shot! >>

CoinRaritiesOnline · October 24, 2008 12:25AM

What key dates are you selling?

Longacre · October 24, 2008 12:37AM

<< What key dates are you selling? >>

Get in the back of the line, Wnuck, I have first dibs on the 291fifth hoard.

roadrunner · October 24, 2008 12:50AM

Large quantities of key dates like 1856 & 1877 cents, 09s-vdb's, 55/55, 1885 and 1886 Lib nickels, 16-d dimes, 1796, 1901-s and 1916 quarters, 1794, 1796, 1801, 1802 halves, 1889-cc and 93-s Morgans, to name but a few, have been stuffed into major auctions for the past 2 years. The smart money has already dumped their hoards.

roadrunner

CoinRaritiesOnline · October 24, 2008 12:51AM

<< 

<< What key dates are you selling? >>

Get in the back of the line, Wnuck, I have first dibs on the 291fifth hoard.

>>

Drat! Bested by Mr. Longacre once again.

OK -- how about this: you get first dibs on the first 100 pieces in the hoard.

I'll get first shot on the 2nd 100, and we'll alternate until the hoard is exhausted. Deal?

291fifth · October 24, 2008 12:57AM

<< 

<< What key dates are you selling? >>

Get in the back of the line, Wnuck, I have first dibs on the 291fifth hoard.

>>

Sounds like an urban legend to me.

seanq · October 24, 2008 1:04AM

<< Large quantities of key dates like 1856 & 1877 cents, 09s-vdb's, 55/55, 1885 and 1886 Lib nickels, 16-d dimes, 1796, 1901-s and 1916 quarters, 1794, 1796, 1801, 1802 halves, 1889-cc and 93-s Morgans, to name but a few, have been stuffed into major auctions for the past 2 years. The smart money has already dumped their hoards.

roadrunner >>

I've noticed that trend for a while as well. Check out Heritage's current auction listings on eBay, between the internet only and Signature sales you can put together most of a grading set of 1922 No D and 1955 doubled die cents.

Honestly, as I'm finally digging in for a long-overdue trimming back of my holdings, it is the key dates that I'm holding onto, along with the core collection. Maybe I'm just lucky that I have enough stuff extraneous to my core collection that I don't mind parting with can do that.

Sean Reynolds

Walmann · October 24, 2008 1:19AM

Have some people made recent trips to China for new stock?

DoubleEagle59 · October 24, 2008 1:22AM

same thing happening here in Canada.

From last year till now, I've never seen so many key dates and super high grade coins up for auction.

dan383 · October 24, 2008 1:46AM

Did somebody come foward with more

rolls of 1950-d Jefferson's ???.............................

Dan

AnkurJ · October 24, 2008 1:52AM

Hopefully not chain cents though!

roadrunner · October 24, 2008 1:55AM

Chain cents might be on the borderline. But I would not place them on the "immune" list.

What will people sell first?......the coins that have held up and are still worth near 100%.

roadrunner

291fifth · October 24, 2008 2:19AM

I think some of you are underestimating just how many key and semi-key coins have been hoarded. The number offered at auction over the past couple of years is only a small fraction of the total available.

Just think of all the 1913-S barber dimes that have been hoarded as a result of years worth of mentions in a Numismatic News column.

What about common date "cc" seated dimes? Just think of how many of those are out there.

lathmach · October 24, 2008 3:47AM

With the economy the way it is the hoarders may actually have to sell the hoarded coins while they are still living! 291fifth

Of course they would rather wait and sell them after they died,eh, 291fifth?
Maybe to the devil?

Ray

TwoSides2aCoin · October 24, 2008 3:54AM

1)Key Date hoards ... that sounds like a unicorn. I'll believe it when I see it.
Edit to add :
2) Godless dollars and High/Low Leaf coins do not count. In addition, I have available 80 Mint State, 2000 Wide AM cents at the Panic Price of $50 each.
3) A generation of collectors is getting up in years. These guys know when it's time to trim non-essentials in their lives. Many collectible coins may show up, and when they do, collectors will score !

ttown · October 24, 2008 4:09AM

Yes China has been gearing up to produce these wonderful coins.

19Lyds · October 24, 2008 4:23AM

Personally, my opinion is that if someone is or has been hoarding Key Date coins, I doubt that he or she would have problems with the mortgage.

This is not to say that some nice common key dates won't be coming up but certainly nothing or real significance.

JRocco · October 24, 2008 4:40AM

These hoards that have been held for the past 20 years or so have had many other excuses/times to have parted with them.
Coins will always change hands as will all other collectibles. More in trying times of course. I guess my point is that this is not the first time, nor will it be the last time the sky is falling.

veryfine · October 24, 2008 7:43AM

Who can afford to hoard expensive key dates? I suddenly feel very poor right now.

BECOKA · October 24, 2008 7:46AM

If you can afford to hoard key dates you can afford your mortgage in hard times.

cladking · October 24, 2008 8:03AM

I think the pointis valid; if we have a recession there will be
individuals hurt by it. Some of them may well have hoards of
key dates since there are, in aggregate, numerous hoards
of different key dates.

If there's a recession it will be interesting to see how this af-
fects the more numerous and widely dispersed common coins
like low grade buffalos and modern mint sets. My guess is that
the more widely collected areas may be less affected than spe-
cific hoard coins.

thisnamztaken · October 24, 2008 9:19AM

Has anyone checked the veracity of this prediction on snopes.com or anywhere?

cinman14 · October 24, 2008 9:33AM

<< Who can afford to hoard expensive key dates? I suddenly feel very poor right now.

>>

Only the ones who hoarded before they became "key dates".....

95-W proof ASE comes to mind...

Look for some "key date" hoards to start hitting the market.

Comments

Leave a Comment

Look for some &quot;key date&quot; hoards to start hitting the market.

Comments

Leave a Comment

Look for some "key date" hoards to start hitting the market.