I noticed that some world coins have very low mint numbers yet are amazing inexpensive. A few examples are:
2002 Brunei, 50 Sen, KM# 38, Unc which had only 1,325 minted and I bought for $1.70.
1966 and 1972 Panama, 5 Centesimos, KM# 23 proof which each has 13,000 minted and I was able to buy for a bit over $1.
If you guys know of any other low mintage world coins that are still inexpensive please let me know in the comments. And I understand the low mintage and inexpensive are vague terms, use your best judgement or use under $20 USD and 50,000 minted.
All the coins in the world are determine by these factors.
Popular.
Alot of collectors love it.
Demand.
Alot of collectors wants it. More means it can demand a high price.
Mintage.
A low mintage can commands a high price depending on the 2 factors above. But if there is no demand, even it is popular, it only commands a avrage price even if its low mintage. And there will always be cases where although mintage is high, but because it has never been release into circulation or accidently release into circulation, it demands a high price.
Condition.
The better it is, the more expensive. The more worn out ones will be very cheap.
Last one is grading by a tpg.
If the coin has been graded, and the grading population is low for a best condition, that coin can command a high price. Too many graded coins in a high condition will hamper the price of the coin. Of course you have the eye appeal factor too.
Hope you understand that low mintage coins do not necessery means that it will be very expensive or it will get expensive in the future.
Be kind to people. Sharing is Caring. Collect what you like and not by the Crowd.
To seek for perfection, it is too painful and there is a very high price to pay. To seek for something comfortable is more easy. To seek for nothing is even more easy.
The Armenian 50 dram province commemoratives of 2012 are just above your 50,000 mintage threshold (their mintage is 60,000 per type), but they're so cheap that you can get the entire 11-coin set for less than $20 - the individual pieces are far cheaper.
The 1979 coin issues of Kiribati (not the post-1979 issues, of much higher mintage; this includes the magnetic "1979" 5 cents, often sold as the much scarcer non-magnetic version) are some of the relatively few standard circulation coins (i.e. not proof, commemorative, or NCLT) available under $20 with mintages under 50,000 (though you'd have to look a bit to find them that cheap - most of the offers on eBay are for higher prices).
Thanks for those examples. I will add the Rwanda 1985 1 Franc (KM#12) which has a 7,000 mintage. I found mine today in a bulk lot of coins but you can find them selling for a dollar or two on EBay.
For those explaining why costs are low for these low mintage coins you are answering a question I didn't ask, because I already knew the answer (demand). Although it might make for a great topic of discussion on another thread it is a bit off topic for this thread.
I still find it amazing that you can buy a standard circulating coin, the the Rwanda 1985 1 Franc, for a few dollars when they only minted 7,000. There are way more than 7,000 World Coin collectors out there so clearly there are not enough for all of us.
Regarding the Rwanda 1 franc 1985, given the frequency (72% for this date), it looks a lot like the mintage of 7,000 is erroneous; it is surely at least 7,000,000 - and likely far higher.
There's a similar situation with Egypt 2 qirsh 1944, a popular but very common type whose mintage is traditionally given as 32,000. I see that Numista accepted the emendation to 32,000,000 (which is the obvious alternate value).
You are likely right about the Rwanda 1 franc 1985. Checking other sites they have the mintage listed as unknown. And the other two years it was minted were 13 million and 15 million.
Many New Zealand uncirculated and proof sets cost $5 - $20 and numbers of minting are as low as 750. Numbers dropped so low, they stopped minting sets in 2013 and just issued the large $5 coins.
Average mintage is about 1 - 5 thousand, although these cost in the low hundreds.
Many Pacific Island countries like Tonga, Samoa and Cook Islands have coins with issue numbers in the 4 and 5 figures and attract no premium.
Samoan Uncirculated set from 1967 - 8,000 issued, cost me $10 - only 15,000 of the one tala issued and now all obselete
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society