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1913 buffalo type 1 is it undervalued?

Started by TON Collection,

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Coin Cave

Coin Cave

Posted
Posted

I bought one a couple months ago for a type set.  I paid retail for mine.  Compared to a D or S minted Buffalo it is rather inexpensive.  I think since it was a first year issue and a first year design change a lot of people kept some for their collection.

PCGS MS65

 

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coinsandmedals

coinsandmedals

Posted
Posted

Well, this is not my area of expertise, but I’ll share what I know. This was a first-year issue and like many first-year issues, they were hoarded. The Philadelphia mint struck over 30 million of these and a huge amount survived in mint state condition. With an ample supply and relatively little demand, the prices will remain low. This is a pretty common phenomenon. One would only need to look at the 1916 P mercury dime for another example with a similar fate. Now if for some reason the demand were to exceed the supply then the prices would likely increase. However, I wouldn’t hold my breath waiting for that to happen. That is not to say that it is not an interesting piece because it is. Just because something isn’t very valuable doesn’t mean it isn’t worth having. To any extent, you have a nice piece of well-preserved history.

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