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By: Tyler Nutting
Images:

Coins of the World
5 days ago
Post: 2779
Date: 1927

I have a buffalo nickel that is a 1927 S. It has a very low mintage at 3.4 million. However, it’s 1926 D counterpart is worth $100 average circulated condition with a mintage of 5.4 million. The 1927 S is only worth about $4 in its average circulated condition... How does this coin appraising thing work?!!?!! Does anyone else find this strange?

 
By: Paul
4 days ago
Post: 2782
Collectible coins trade in an open market. Thousands of coin transactions occur every week. Coin appraisal works by averaging those transactions and reporting the results.

A coin’s value is a matter of economic supply and demand. It is not a matter of mintage, because mintage does not determine supply. It is the number of coins that are available in collectible condition that determine the supply. Coins are lost, melted down to make new coins, stashed away in basements, re-called by mints, worn down by circulation, and scooped up into collections. All these factors, and other factors like them, determine supply.

Demand depends on the personal whims of collectors. So a coin’s value depends on a bunch of random factors, with original mintage only one of those factors.

To estimate the value is a specific coin, CoinQuest, like all other coin catalogets, reviews large databases of auction results. These results capture what collectors actually pay for coins they buy.
 
By: Tyler Nutting
4 days ago
Post: 2793
Okay thanks for the info.

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