Seriously though, I too had thought the 1909-S VDB was way overated... almost one half million minted, alot survived, and many are slabbed just to authenticate them due to counterfeiting. I finally succumbed and bought one to complete my Lincoln Cent collection.
Another overated cent... 1909-S IHC... again, ~400k mintage and many surviving pieces. I think it's the overall popularity of the series that drives these prices and makes these coins "overated"
FWIW... not overated in the IHC series: 1877... whereas over 800k were minted, very few of these survived the meltings of the day and were most likely re-coined latter... L
Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;
The question is fair in terms of identifying overrated coins ... but one must ask why? That is where the analysis and fun begins. The analysis really needs to consider the quality of the strike, surviving population by grade, originals verse cleaned crap that has no business in a TPG holder, and of course demand.
The problem is that most collectors look at the quantity minted and develop a view that is not consistent in terms of the surviving population.
I agree that the 1931-s Lincoln is over-rated and there are others... but just remember the total components referenced above before we start naming dates and series. Originality, surviving population by grade as well as the strike for certain coins are often omitted from the analysis...
Experience the World through Numismatics...it's more than you can imagine.
Popularity of the series is directly related to market demand, or rather defines it. These 3 elements come into play to determine the price. I agree with the OP that the '95 ASE is "overpriced" but I would qualify that it's overpriced for my wallet. At thousands of $s for that coin, I pass.
I would add that as far as rarity, 30,000 ain't that rare. But, I believe I read here in the forums or else in CW that there are approximately 200,000 individual collectors of the ASE series by Date and MM, or was that 200,000 "active" coin collectors.
Anyway, since this is the key to the ASE series, and with only 30K available and 200K in potential market demand, it is no wonder that these are priced so high.
BTW, the second key in the series will be the 2008 rev of '07 coin at around 46K minted. I'm not sure that this one will command as high a price as the '95 proof, but for collectors of this series who desire the keys, there will be upward price movement on this variety as well.
Cheers!
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Seriously though, I too had thought the 1909-S VDB was way overated... almost one half million minted, alot survived, and many are slabbed just to authenticate them due to counterfeiting. I finally succumbed and bought one to complete my Lincoln Cent collection.
Another overated cent... 1909-S IHC... again, ~400k mintage and many surviving pieces. I think it's the overall popularity of the series that drives these prices and makes these coins "overated"
FWIW... not overated in the IHC series: 1877... whereas over 800k were minted, very few of these survived the meltings of the day and were most likely re-coined latter... L
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The problem is that most collectors look at the quantity minted and develop a view that is not consistent in terms of the surviving population.
I agree that the 1931-s Lincoln is over-rated and there are others... but just remember the total components referenced above before we start naming dates and series. Originality, surviving population by grade as well as the strike for certain coins are often omitted from the analysis...
Experience the World through Numismatics...it's more than you can imagine.
I would add that as far as rarity, 30,000 ain't that rare. But, I believe I read here in the forums or else in CW that there are approximately 200,000 individual collectors of the ASE series by Date and MM, or was that 200,000 "active" coin collectors.
Anyway, since this is the key to the ASE series, and with only 30K available and 200K in potential market demand, it is no wonder that these are priced so high.
BTW, the second key in the series will be the 2008 rev of '07 coin at around 46K minted. I'm not sure that this one will command as high a price as the '95 proof, but for collectors of this series who desire the keys, there will be upward price movement on this variety as well.
Cheers!
---------------------------------------------------------------------------------------------------------------------------------------
BONGO HURTLES ALONG THE RAIN SODDEN HIGHWAY OF LIFE ON UNDERINFLATED BALD RETREAD TIRES
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