2007-01-17 04:38:03 · 12 answers · asked by Randy M 1 in Games & Recreation ➔ Hobbies & Crafts
Because they would be rare........hard to find and probably in mint condition.
2007-01-17 04:42:08 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I am not sure what you are really asking. Do you mean a coin that never saw circulation, what is referred to as an Uncirculated coin. If so, some do become valuable over time, for the rest of that date have wear. The rule of thumb in coin collecting is to buy the highest grade one can afford. High grade coins are scarcer than low grade ones. Now a lot of coins over the years were never made to be in circulation anyway. This group is usually commemoratives and are made for the collector market. They retain value and go up when the mintage is low and demand exceeds the mintage. The ones that had to many made, actually go down and you can get them cheaper than the mint sold them for, in the first place.
2007-01-17 14:05:28 · answer #2 · answered by Taiping 7 · 0⤊ 0⤋
Well when they say the coin is uncirculated or in uncirculated condition it is more valuable because the coin has not been out in the public and gotten all banged up its in "mint condition".
There are also coins that are no longer in circulation which is more valuable because there are fewer around. The mint regularly takes old coins and bills out of circulation when they are overly damaged and when a coin is unpopular at the time like the suzan b anthony it means there are going to be fewer out there for people to find. People then want the coins for collection because they are rare and supply and demand causes the prices to go up just like when there is a shortage of oil and there is a higher ratio of people wanting oil to the supply the prices go up.
2007-01-17 13:51:52 · answer #3 · answered by c m 3 · 0⤊ 0⤋
Some people like to covet things. To own something that very few or no one else has.
Collecting can be a cool hobby, but spending big bucks on low circulation coins just seems a waste.
But to each his own!
2007-01-17 12:42:43 · answer #4 · answered by KirksWorld 5 · 0⤊ 0⤋
duh. if theres no more of the coin being made then theres no new ones being put out. which means that the only ones out there are the ones already made. so if they made 1 million of a special coin. those 1 million quarters (for example) are worth a quarter for the first few years. as more and more of those quarters vanish whether theyre lost or obtained by a collector etc. theyre no longer being passed around. so that 1 million drops to say 850000. now those quarters are worth more because there isnt as many of them. so fast forward time. lets say the coins were printed 15 years ago. suddenly theres only about 100000 still in existence. and that 10% of the original are worth a lot more then a quarter.
2007-01-17 17:47:58 · answer #5 · answered by xi3reakeroi3cx 5 · 0⤊ 0⤋
Why does a car become a classic after a certain amount of years? I think it has to do with the time it was made, the history behind it, the era it was put into circulation. It has to do with sentiment I think.
2007-01-17 12:43:22 · answer #6 · answered by george 4 · 0⤊ 0⤋
supply and demand....
when a coin is no longer in circulation, the supply goes down, the demand goes up, and the price (or value) also goes up
2007-01-17 12:41:43 · answer #7 · answered by an_articulate_soul 4 · 0⤊ 0⤋
coin collectors like to keep old coins, so they will pay for them
2007-01-17 12:41:55 · answer #8 · answered by rchlbsxy2 5 · 0⤊ 0⤋
Because, they are in Mint condition
2007-01-17 12:46:54 · answer #9 · answered by Domino's Mom 5 · 0⤊ 0⤋
because it,s harder to find,exsecily if it,s in ment condishion.
2007-01-17 12:42:32 · answer #10 · answered by Anonymous · 0⤊ 0⤋