DailyDirt: Coins Worth More Than Gold

from the urls-we-dig-up dept

The US has stopped minting a huge surplus of dollar coins but will continue to make them in just enough quantities to satisfy coin collectors. Interestingly, coin collectors have been bidding on some extremely rare coins lately. Here are just a few examples of some valuable coins out there. As always, StumbleUpon can also recommend some good Techdirt articles, too.
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Filed Under: auction, coins, collectors, dollar, doubloon, gold, mint, penny


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  • identicon
    Anonymous Coward, 10 Jan 2012 @ 5:22pm

    authenticity sells?

    stamping out an old piece of copper with a not-too-complicated design isn't exactly hard to do... but the value of a 1973 penny and its rarity is in its authenticity.

    reply to this | link to this | view in chronology ]

  • icon
    Violated (profile), 10 Jan 2012 @ 5:29pm

    Beholders

    Clearly value in the eye of the beholder. Melt those down and they would then be worth little. Instead it is all blah, blah, blah something happened on such date and rare just because things happened one way and not another.

    A good market these days are Chinese antiques like Ming pottery when then Chinese are spending millions to buy them back.

    I have books here older than all those coins but age alone does not affect value much unless all rivals vanish. My oldest book is dated 1701 and in Latin.

    reply to this | link to this | view in chronology ]

  • identicon
    Anonymous Coward, 10 Jan 2012 @ 6:04pm

    1793 not 1973

    reply to this | link to this | view in chronology ]

    • icon
      Michael Ho (profile), 10 Jan 2012 @ 6:17pm

      Re:

      Oops. i'll fix that typo in the post! THANKS!

      If it were 1973... everyone would be looking in their pockets for a few million bucks to auction off.

      reply to this | link to this | view in chronology ]

  • icon
    Michael Ho (profile), 10 Jan 2012 @ 6:40pm

    The demand for coins is rising..

    I guess I should have added the following link, too:
    http://www.npr.org/blogs/money/2012/01/09/144790896/people-want-more-coins-thats-a-good-sign-f or-the-economy

    More demand for coins is good for the economy! :P

    reply to this | link to this | view in chronology ]

  • This comment has been flagged by the community. Click here to show it
    identicon
    Anonymous Coward, 10 Jan 2012 @ 10:59pm

    "from the urls-we-dig-up" dept

    More like from the commercial breaks for the 2am airing of "American Loggers" dept.
    Next up on Techdirt, the how damn lazy can you be? dept, sponsored by Forever Lazy.

    reply to this | link to this | view in chronology ]

  • identicon
    Anonymous Coward, 11 Jan 2012 @ 6:02am

    No 3D printers in 1933!

    Small correction: coins are minted, not printed!

    reply to this | link to this | view in chronology ]

  • identicon
    another anon, 12 Jan 2012 @ 9:30pm

    FAIL

    Stopping production of dollar coins. Outstanding.
    Americans make me laugh, but you especially make me glad I'm not American.
    Those ridiculous dollar bills and those utterly pointless 1c coins should be gotten rid of entirely.
    But noooo... the yanks are too stupid to cope with that. No rounding up/down: too complicated.

    reply to this | link to this | view in chronology ]

    • icon
      Michael Ho (profile), 12 Jan 2012 @ 11:18pm

      Re: FAIL

      We'll just wait until our currency's value has inflated 10x and then announce a reverse-split so that the penny is worth as much as a dime used to be... then the penny will be forever relevant. :P

      reply to this | link to this | view in chronology ]

  • identicon
    Alex Fortran, 8 Apr 2014 @ 4:00pm

    Law of Supply & Demand

    Due to stoppage of coins being minted by US, what more can you say about actual gold coins that have been previously minted. I guess those who have been holding on to them have the leverage of hedging against inflation. In fact I have placed an article in my website that speaks about Gold Eagle coins are still a sound investment.
    http://krugerrandprice.net/gold-eagle-coins-a-sound-investment/

    reply to this | link to this | view in chronology ]


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