Undervalued coins/coin series 3 3

[winthorpe-migration]

I just wanted to ask everyone what do you think the most undervalued coin series is(not counting bullion)? Personally, I think the kennedy series is undervalued, and the modern dimes/nickels. Also, add what you think the most overvalued series is: I think it is the presidential dollars (who wants to spend 100+ for a smooth edged coin).

[19Lyds]

I'd have to say Eisenhower Dollars.

 

They represent the last of the "Large" dollar coins.

 

They come in two different metal compositions.

 

They have several obvious varieties which are eye recognizeable of which two are quite expensive in high grades if you consider MS66 to be a high grade!

 

Zero of the Copper Nickel coins have graded MS68 while a scant 101 have graded MS67 out of the millions that were produced.

 

Only 19 of the 40% Silver Clad Business Strikes have grade MS69 out of the millions that were produced!

 

There are MANY Doubled Die Obverses and MANY Doubled Die Reverses

 

There a MANY die state varieties

 

The documentation on the production of the coins is rarer than the rarest of the coins which makes the history of the coin and its production a bit of a mystery.

 

There are still many coins around from which to choose which leaves the series wide open for discovery.

 

 

[MikeInFL]

I don't think there's such a thing as undervalued or overvalued. The market is what it is.

 

Now if you're asking about future prices and what's likely to head up or down, that's another story....

[Prethen]

Underappreciated = 3CN

[WinstonWare]

sacagaweas

[cpm9ball]

Now if you're asking about future prices and what's likely to head up or down, that's another story....

 

,,,,,,and if I could foresee the future, I would be in Las Vegas right now!

 

Chris

[Dwaine]

Now if you're asking about future prices and what's likely to head up or down, that's another story....

 

,,,,,,and if I could foresee the future, I would be in Las Vegas right now!

 

Chris

 

I agree with you as I would be there too.

[DC Dawg]

Underappreciated = 3CN

That's a great term... "under appreciated!"

 

VIVA VI... err... LAS VEGAS!

 

Scott

[cpm9ball]

Underappreciated = 3CN

That's a great term... "under appreciated!"

 

That's what my ex kept saying. When I finally realized what she was (not) really worth, I left.

 

Chris

[19Lyds]

I don't think there's such a thing as undervalued or overvalued. The market is what it is.

 

I disagree.

 

The market is a controlled entity which dictates to you what a coins price will be. If enough folks are led to believe that the HAVE to HAVE a certain coin, then the market will dictate the price whether the coin fits a pricing profile or not. Specifically meaning, low mintage/high grade/uncommon.

 

The 1909S VDB coin is a bit over valued because it has been successfully marketed and literally everybody wants one. It is "readily available" and hardly rare yet will set you back more than a thpusand just for an MS grade.

 

Contrast that with an 1875 3CN, mintage=228,000. Less than half the 09S VDB and yet it can be had for a couple of hundred in low MS.

 

I think I;d consider that one "undervalued" primarily because few people actually collect them vs the Lincoln.

 

Popularity = high price regardless of pricing profiles. Popularity is controlled by "the Market".

[MikeInFL]

But if lots of folks believe (regardless if they are "led" or not) that a coin is worth a certain amount -- isn't that the real value of that coin?

 

I'm not disputing a market can't be manipulated (and any one of a number of "marketing programs" can be pointed to), but if the market goes along and pays those prices -- presumably they did so of their own free will -- aren't those prices real and valued correctly?

 

Said another way, is there any way to disconnect the marketing effect from coin prices, given DEMAND is affected by marketing and the primary driver in a coin's price?

 

So in summary, popularity is demand -- and a function of the BUYERS, not "the market".

 

All IMHO...Mike

[MikeInFL]

p.s. If I were in the speculation game, I'd try and find a few nice bust quarters.

[bsshog40]

I agree with this statement!

I'd have to say Eisenhower Dollars.

[astrostu]

I've also heard people say the 2¢ coin is undervalued, as well. And I agree that I think most Ikes are probably undervalued, which is why I'm attempting to complete my collection relatively soon, least they get to what I actually think they're "worth." And I've heard people say that early gold is somewhat undervalued, but it's still way over my price limit for the moment.

 

(According to spell check, that is a real word, so you don't have to spell it as under valued nor as under-valued. Now, the clincher is people who write "noone" instead of "no one" ... that bugs the heck out of me.)

[IGWT]

It's impossible for the market as a whole to undervalue any coin(s).

[cpm9ball]

(According to spell check, that is a real word, so you don't have to spell it as under valued nor as under-valued. Now, the clincher is people who write "noone" instead of "no one" ... that bugs the heck out of me.)

 

Have you ever conducted a QC check on Spell Check? You might be surprised at the number of incorrect spellings and/or usages that are allowed.

 

Aw, come on! Noone Nobody uses no one.

 

Chris

[michael]

below are coins with a fundemential reason to rise in demand assuming they have great eye appeal

 

small and large planchet pine tree shillings nice xf and above with original surfaces and well centered with post mint non clipped planchets and for the large planchet an original s wave not flattened down

 

early circulated vg/fine and better pre 1836 silver and gold coinage

 

seated coins fine and better fromn the 1830's

 

pre 1915 type coins circulated vf and above

 

proof 64 and above 19 th century proof coinage with great eye appel and cameo surfaces

 

original surfaced non dipped cameoed pre 1907 proof gold

 

matte proof gold pre 1916

 

choice original seated dollars vf and above

 

large cents vf and above

 

nice au and above three dollar gold

 

i am sure the list goes on and on but this is a good start

 

 

[Treeman]

"large cents vf and above"

I agree with Michael on the above, which happen to be my favorites. If the Large Cent series ever became as popular as the Morgan dollars, prices would be 10 times what they are today.

[okbustchaser]

"large cents vf and above"

I agree with Michael on the above, which happen to be my favorites. If the Large Cent series ever became as popular as the Morgan dollars, prices would be 10 times what they are today.

 

shhhhhhhhhhhhhush up!!!!!!!!!!!

[EZ_E]

below are coins with a fundemential reason to rise in demand assuming they have great eye appeal

 

small and large planchet pine tree shillings nice xf and above with original surfaces and well centered with post mint non clipped planchets and for the large planchet an original s wave not flattened down

 

early circulated vg/fine and better pre 1836 silver and gold coinage

 

seated coins fine and better fromn the 1830's

 

pre 1915 type coins circulated vf and above

 

proof 64 and above 19 th century proof coinage with great eye appel and cameo surfaces

 

original surfaced non dipped cameoed pre 1907 proof gold

 

matte proof gold pre 1916

 

choice original seated dollars vf and above

 

large cents vf and above

 

nice au and above three dollar gold

 

i am sure the list goes on and on but this is a good start

 

 

[Conder101]

,,,,,,and if I could foresee the future, I would be in Las Vegas right now!

Hmmm, there are a lot of people who ARE in Las Vegas. Maybe we should see what they know.

[cpm9ball]

,,,,,,and if I could foresee the future, I would be in Las Vegas right now!

Hmmm, there are a lot of people who ARE in Las Vegas. Maybe we should see what they know.

 

The smart people who live in Las Vegas learned real quick not to make a habit of patronizing the casinos on a regular basis. The ones who didn't learn this went broke.

 

Chris

[19Lyds]

"large cents vf and above"

I agree with Michael on the above, which happen to be my favorites. If the Large Cent series ever became as popular as the Morgan dollars, prices would be 10 times what they are today.

 

I think this would be true for ANY coin series which simply reflects the Market. Perhaps the Market could be more clearly defined if it were referred to as a Coin Popularity Index?

 

Popularity plays a very important roll in coin pricing which I exampled with the 1909S VDB illustration. Make folks think that they have to have the coin and the popularity goes up.

 

However, a lot of folks get into coin collecting based upon the "good Old Days" when silver was actually used in our country's coinage. I mean, both then and now, what better way to enjoy a hobby (and justifying its expense) than collecting something that can not only be spent at the local market (if need be) but also has intrinsic value due to precious metal content?

 

Unfortunately, neither nickel nor copper have attained the PM values or mystique that silver and gold currently hold therefore both the Eisenhower Dollar and the Large Cent series simply do not have the "draw", if you will, to attract new collectors. I would suspect that most collectors that are drawn into either series are drawn solely because of association with other collectors and the excitement they have for their collections. Their initial attraction to coin collecting is probably based upon something else. After all, folks don't just randonly collect stuff, they collect stuff that "means" something to them. That "meaning" could be anything from a memory to just seeing a bunch of coins laying around and wondering what you can do with them.

 

I am by no means a spring chicken and I do remember when silver was used in coinage and I do remember the problems encountered by the US Mint with the Eisenhower Dollars, so for me, IKEs represent a coin I "could have" pulled from circulation or "could have" gone to the bank and searched OBW rolls for pristine coins. However, there is no way I have the same "connection" with Large Cents therefore, since they do not have precious metal, the only draw that could possibly get me interested in the series is through association with you folks and the appreciation that the fellow Large Cent Collectors have.

 

In other words, if the Large Cent series is not popular to the masses by now, then it probably never will be.

 

The same could be said for the Eisenhower Dollar except for the fact that there are still many, many folks out there that can "relate" to the coin as a spendable issue that they perhaps spent as either a child or young adult. These people "could" get drawn into the series through association of their early lives as a memory of what used to be. I imagine the number of Eisenhower Dollar collectors could double in a month or so if ordinary folks actually realized that high grade common issues can and often due command 4 figure prices. With the right media attention, I'm sure that IKEs would come pouring out of the woodwork and bring with them a bunch of "new" collectors that "could" get interested in Large Cents!

[Treeman]

19Lyds... Yes, I understand, and agree, with most everything in your post, but...

There is always the chance that, as new collectors "advance", they will become interested in the "roots" of Numismatics. I don't think anyone would argue against the fact that Large Cents were the start of it all, and, though Morgan "Toners" seem to be coming out of the woodwork lately, there is nothing that can match the subtle variations in each piece of early copper. Yes, I'm obviously biased, and yes, I hope the Large Cents stay undervalued, because I enjoy them and will never sell them anyway.....

[19Lyds]

19Lyds... Yes, I understand, and agree, with most everything in your post, but...

There is always the chance that, as new collectors "advance", they will become interested in the "roots" of Numismatics. I don't think anyone would argue against the fact that Large Cents were the start of it all, and, though Morgan "Toners" seem to be coming out of the woodwork lately, there is nothing that can match the subtle variations in each piece of early copper. Yes, I'm obviously biased, and yes, I hope the Large Cents stay undervalued, because I enjoy them and will never sell them anyway.....

I think you are absoultely correct in your assessment and I hope the same as well as I;d sure like to pick some up before well..............you know.........the chicken goes to the stew pot if you know what I mean!

[cladking]

 

The same could be said for the Eisenhower Dollar except for the fact that there are still many, many folks out there that can "relate" to the coin as a spendable issue that they perhaps spent as either a child or young adult. These people "could" get drawn into the series through association of their early lives as a memory of what used to be. I imagine the number of Eisenhower Dollar collectors could double in a month or so if ordinary folks actually realized that high grade common issues can and often due command 4 figure prices. With the right media attention, I'm sure that IKEs would come pouring out of the woodwork and bring with them a bunch of "new" collectors that "could" get interested in Large Cents!

 

This is the same strenght that all moderns enjoy. There will be many million of people who remember spending clad quarters for at least another fifty years. As time goes by and all moderns gain more interest all these markets will tend to support one another. Ikes are far rarer in high grade than Morgans and clad quarters are nearly plentiful enough in choice condition for the masses. Gems can be elusive but the average collector doesn't collect in high grade. Complete sets will be available in circulation for another 5 or 10 years before the better dates get overly hard to find.

 

While growth in these has been very slow it has been very steady. This is likely to continue unless it increases suddenly.

[silvermonger-migration]

 

The same could be said for the Eisenhower Dollar except for the fact that there are still many, many folks out there that can "relate" to the coin as a spendable issue that they perhaps spent as either a child or young adult. These people "could" get drawn into the series through association of their early lives as a memory of what used to be. I imagine the number of Eisenhower Dollar collectors could double in a month or so if ordinary folks actually realized that high grade common issues can and often due command 4 figure prices. With the right media attention, I'm sure that IKEs would come pouring out of the woodwork and bring with them a bunch of "new" collectors that "could" get interested in Large Cents!

 

This is the same strenght that all moderns enjoy. There will be many million of people who remember spending clad quarters for at least another fifty years. As time goes by and all moderns gain more interest all these markets will tend to support one another. Ikes are far rarer in high grade than Morgans and clad quarters are nearly plentiful enough in choice condition for the masses. Gems can be elusive but the average collector doesn't collect in high grade. Complete sets will be available in circulation for another 5 or 10 years before the better dates get overly hard to find.

 

While growth in these has been very slow it has been very steady. This is likely to continue unless it increases suddenly.

 

I know what you say is true and will come true in the future. Its just really difficult for me to get my head around. Kind of like trying to understand hiphop. I grew up in Montana carrying silver dollars in my pocket, getting paid in silver dollars and buying drinks with Morgans and Peace dollars. One year the Redfields and the Harrahs et al wandered into town and drove away with our Morgans and hid them in their basements. Then 1964 came around and the coinage became "junk money" to most of us.

Its very hard to shake that "junk money" feeling about "modern" money.

I own some common Ikes and Sacs not as collectables but because I like them for what they are but they just dont have that Cartwheel feel! I see more than a reflection in the deep fields of a Morgan. I see what was and what might have been. Damn that makes me feel old!

[cladking]

 

I know what you say is true and will come true in the future. Its just really difficult for me to get my head around. Kind of like trying to understand hiphop. I grew up in Montana carrying silver dollars in my pocket, getting paid in silver dollars and buying drinks with Morgans and Peace dollars. One year the Redfields and the Harrahs et al wandered into town and drove away with our Morgans and hid them in their basements. Then 1964 came around and the coinage became "junk money" to most of us.

Its very hard to shake that "junk money" feeling about "modern" money.

I own some common Ikes and Sacs not as collectables but because I like them for what they are but they just dont have that Cartwheel feel! I see more than a reflection in the deep fields of a Morgan. I see what was and what might have been. Damn that makes me feel old!

 

There are some big differences.

 

Hiphop isn't really music and Harrahs doesn't produce a product or provide a "legitimate" service.

 

It's not clad coins that are "junk" it's the metallic composition. You might think this is a fine distinction and in 1965 it was. In 2008 it is no longer a fine distinction it makes all the difference in the world. It's no longer reasonable to expect small change to be made of precious metal. Imagine bringing back CA fractional gold to circulate! It would be little bigger than gold dust.

 

Clad coins are really high tech. Now days the strip isn't so difficult to make but in 1965 they didn't have the ability to squeeze the constituent layers hard enough with rollers to make them adhere so they pushed them together hydraulicly and detonated dynamite above. I keep telling people there's a 45 year garauntee on the product and soon they'll start failing explosively.

 

They've really served their function pretty well over the decades. Those early ones which survive are almost universally well worn as proof. A collection of them isn't a collection of junk, it's a collection of coins made of a high tech and highly wearable "junk" metal. It's kind of like the modern version of copper nickel indians but with far more versions and a slightly higher face value.

[RI AL]

Where did I just read that Liberty Head nickels, MS 63-64 are undervalued? Coin world or Coin Prices I think. Too rich for my blood to be sure...and I think that there is limited interest in the 3 cent silvers because they are so darned small.

 

RI AL

[World Colonial]

By my standards no US series as a whole is "undervalued". There are only specialties or pockets of individual coins that I consider to meet this criteria.

 

There have been more posts than I can count where one coin or another is stated as "scarce" but they are almost invariably easy to find just by checking Heritage. And these supposedly scarce coins costs multiples or many multiples of much scarcer world issues that are also still in demand. The best values today are not in US coins but in select foreign issues.