This is Economics 101, but it does play a significant role in the valuation of a coin. If the supply is inadequate to meet the demand then prices rise until the demand slows. If there is a greater supply than there is demand for the coin, the price will drop or stay low.
Supply and Demand is often more important than the actual age of a coin.The higher numbers, 60 through 70, are reserved for coins without wear, but these coins may have a few to many marks on them. The non-sequential numbers between 1 and 58 are reserved for coins that have some actual and visible wear (a little bit to a great deal) on the details of the coin. The closer a coin is to perfection, the higher it will grade on this scale. William Sheldon who invented it in 1949 as a way to grade Large Cents. This scale is known as the Sheldon Grading Scale, named for Dr. Coins are graded on a scale from 1 to 70, with 1 being Barely Identifiable and 70 being absolutely perfect. Condition is another factor in determining the value of a coin.The surviving mintages of those coins could be a tiny fraction of the original mintage. coins can be obtained in the Guide Book of United States Coins, also called the “Red Book.” For Silver and Gold coins, the mintage numbers may no longer be accurate if the coin was in existence during 1979-1980 or 2008-2012, as those were years when Gold and Silver prices were very high and many coins were melted simply for their bullion value. Once all coins are struck, the supply is fixed and no more of that date and Mint mark will ever be produced. The number of coins struck is called the mintage. A big factor in determining rarity is to look at the number of coins that were minted for that date at that mint. coin, you can start to determine the coin’s rarity. Once you know the denomination, date and Mint mark (if any) of a U.S. coins have what is called a Mint mark, which is a tiny letter strategically placed on the coin to tell you at which mint the coin was made. How is rarity determined? Rarity looks at the date of the coin and where it was made. Rarity is another factor contributing to a coin’s value.A common Silver Roman coin in decent condition is valued at $35 even though the Roman coin is more than 15 times older than the Morgan Dollar. A common-date Silver Dollar with lots of detail is valued at around $40. For example, you might think an American Silver Dollar from the 1880s, which is more than 130 years old, would always be less valuable than a Roman Silver coin, which is well over 2,000 years old. Age is never a sole determining factor of value.
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