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1928 Oregon vs the 1926 / 1926 -S ??

10 posts in this topic


1926 - 47,955

1926 - S - 83,055

1928 - 6,028


MS 65 Price.. Close to or about....


1926 - $280

1926 - S - $205

1928 - $220


MS 66 Price.... Close or about...


1926 - $400

1926 - S $420

1928 - $410


MS 67 Price.... Close or about...


1926 - $2300

1926 - S - $1450

1928 - $1450



Those prices are according to Heritage Index.... Why is there no love for the 1928? I look all the time for coins to compare mine to But my 1926 is in theory worth about the same as my 1928 since they are both MS 66... but if they were 67.. Which I think the 26 is(Compared to what is being sold on Heritage) ... Then it would a big difference in price... and the lower mintage coin would be worth a lot less... Whats the reasoning behind this... I see the 1928 as one of the rarer ones... rarely see them up on auction... but tons of 30's ... and the 26's but no 28's.... So whats the deal on the prices here??? And why so few 28's going up for auction? Any Advice would be great... Thx...

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Hi. The price has to do with the amount of coins that were perserved in gem states. Although the 1928 mintage is lower, more coins were persered in gem states because they were sold mainly to investors and speculators. Some pre 1930 commems have high mintages but were not perserved and have higher prices than the lower mintages of the 1930`s.

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Nice 1928's do not come along very often, they are definately not common. Also, for really nice coins the Heritage "value index" is completely worthless.

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Mommam17 hit the nail on the head with his answer to your question. It is all about how many survived it any given grade. Just looking at the total mintages does not always show the big picture.


For instance, using the 1926 and 1928 as examples, the NGC population of the 1926 Oregon in MS-66 is 211, whereas with the 1928 Oregon in MS-66 the total is 328. As we can see there are 117 more 1928 Oregon’s graded MS-66 than there are 1926 Oregon’s. So although the 1926 Oregon’s total mintage is massive compared to the 1928 Oregon’s, there are actually fewer of the 1926 coins graded MS-66.



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As Chippewa has already stated, the 1928 issue is not a common coin. In my first post I was trying to explain why there is not much of a price difference between the 1926 and 1928 coins.


As to why the 1928 is a harder coin to find, we can look at the NGC populations again. They show that NGC has graded a total of 1,360 of the 1926 issue, and 934 of the 1928 issue. This means that there are 426 more 1926’s in all grades than the 1928. In general the extra availability of the 1926 issue would make it much more likely that you would be able to find a 1926 for sale at any given time than the 1928 issue.


Another reason for the lack of availability of the 1928 may have to do with the average grades of the 1928 compared to the 1926. Again the NGC populations show the following for the two issues.




MS-63 - 143 coins


MS-64 – 502 coins


MS-65 – 421 coins


MS-66 – 211 coins


MS-67 – 24 coins




MS-63 – 20 coins


MS-64 – 182 coins


MS-65 – 332 coins


MS-66 – 328 coins


MS-67 – 64 coins


What this shows is that except for the MS-66 grade, the 1928 issue has fewer coins in every ‘collector’ grade than the 1926, especially the three most popular collector grades, MS-63, MS-64 & MS-65.


At this point you may be thinking ’well, if there are fewer 1928 issues in all grades, how come there is not a larger price difference between them and the 1926 Oregon’s?’ This I believe has to do with how people collect these coins. If all you want is a type coin, you don’t need a 1928, you can find a nice 1926 a lot easier. The only people who really need a 1928 are those collectors who are working on a complete date/mint set of early commems, or date/mint set of Oregon half’s, and IMO once one of these collectors finds a 1928 Oregon that they like, they tend to hold onto, making the pool of other available 1928 coins even smaller, and less likely to appear in auctions or for sale.





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If like you say people are only needing one oregon... then why not go for a nice 30's with a lower mintage....


I am sure some do. I would think it would depend on what issue is available in the grade they want and price range they willing to pay. confused-smiley-013.gif



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When it came time for me to buy an Oregon, I wanted a pre -1930 coin and 2 years ago I bought a 1928 PCGS 66 for $320. A few monthes ago I picked up a 1926 s NGC 66 for $390. Someday I`ll pick up a 1933 d and that will be my last Oregon. This is how I collected my Oregons. I`ll forego the cheaper and most expensive ones. Everyone collects in different ways. John, if I hit the nail on the head do I get that special prize as a reward????

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