1. Good Thurs Am, We have gold a touch higher, +3.4 to 1277, and silver is +8 to 17.39. Metals have been doing aok for now. Crude is gaining a $1 to 44.78 as news comes in. Whereas the USD is +40 tics to 93.59.
    Dismiss Notice
  2. Week of 4/30/16 Closing prices & Chg Over Last Wk---- Gold $1290.50 UP 60.50-- Silver $17.78 UP 88-- Oil $45.92 UP 2.19--- USD $93.04 DOWN 204 tics-- Based on near term futures contract--- At JMB Current price AGE $1359.44 (1), SAE $21.09 (20)
  3. Added Heartland Precious Metals out of OK and LA to the map, Added Texas Precious Metals, and Added Provident Metals.

Commemorative Silver Uncirculated vs Proof Silver with twice the mintage

Discussion in 'PM's - Coins - Numis - Base Metals' started by dave92029, Aug 30, 2010.



  1. dave92029

    dave92029 New Member

    Joined:
    Aug 9, 2010
    Messages:
    15
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    California
    I have been reviewing mintage results of Commemorative Silver coins in both uncirculated and proof. It appears that the silver proof coins sell twice the number of coins vs the Silver BU coins.
    Therefore the BU coins are rarer than the Proof coins, and sold originally for just a few dollars less.

    Once a series in "finalized", how come the rarer uncirculated silver coins don't command a higher price?

    The fact that there are twice the number of silver proof coins vs the uncirculated silver coins does not off set the cosmetic attractiveness of the proof silver, so it's price remains at a premium over the uncirculated coin. I always thought that the lower the mintage the higher the price in the secondary market. Not true if its the same coin in Unc. vs Proof. Why?
     
  2. Oldmansmith

    Oldmansmith Midas Member Midas Member

    Joined:
    Mar 31, 2010
    Messages:
    4,555
    Likes Received:
    4,373
    Trophy Points:
    113
    Occupation:
    Environmentl Consultant
    Location:
    Taxachusetts
    Because the proof is a nicer-looking coin. Mintages aside, which one would YOU want to have? The non-spouse proofs sell for more despite the lower UNC mintages. I'm keeping one of each, but if I had to sell one or the other I would sell the UNC's.
     
  3. 321AU

    321AU Seeker Seeker

    Joined:
    May 3, 2010
    Messages:
    171
    Likes Received:
    85
    Trophy Points:
    0
    Oldmans expanation is probably the biggest factor.

    Another factor that may play a part with graded coins is the percentage difference that make the MS70 vs PF70 grade. In some cases even if the Proof mintage is double the Unc there can be 1/2 as many coins that make the PF70 grade vs MS70. So you may have a larger group (proof collectors) competing for a smaller number of perfect PF70 coins than the Unc collectors.

    A pretty good example of this is the $50 2008 W Gold Eagles.

    PCGS MS70 $50 W) Mintage=11,908, #graded by PCGS=1154, MS70s=621
    vs
    PCGS PF70 $50 W) Mintage=30,337, #graded by PCGS=1175, PF70s=277

    The PCGS price guide puts the MS70 at $600 less than the PF70. Of course this price guide is often inaccurate.

    I've only recently started studying the PCGS and NGC population reports and all the price guides in relation to mintage numbers. In hindsight I wish I had bought NGC / PCGS memberships earlier on.
     
  4. HistoryStudent

    HistoryStudent Midas Member Midas Member

    Joined:
    Mar 31, 2010
    Messages:
    6,901
    Likes Received:
    3,519
    Trophy Points:
    113
    I study my old PCGS books & keep NGC membership current - but KNOW one HUGE fact POPULATIONS can go up to match the mintages - and the second fact is they always go UP!

    I wrote NGC today on my 1909 D/D $20 Saint - to see if they would grade it like ANACS did already. They have graded 4 of them and MINE is tied for NUMBERO UNO!
     
  5. 321AU

    321AU Seeker Seeker

    Joined:
    May 3, 2010
    Messages:
    171
    Likes Received:
    85
    Trophy Points:
    0
    Congrats on the 1909 D! I think you have at least one of everything.
     

Share This Page