Best Of

@WCC said:

@MasonG said:

@cladking said:
There probably are 2,000,000 '44-S nickels but most of them are is deplorable condition and even nicer ones are in line to be melted in the next ten years. They are unlikely to be intercepted.

Then people will collect something else. Problem solved.

This is yet something else he either ignores or doesn't understand. Collectors either won't collect it or when they do, only at minimal prices.

Even accepting his implied attrition on circulated coinage and accepting the supply is what he claims, the outcome still won't be what he implies.

Collectors don't "bid up" low quality low preference coinage. No one can find a single example where it happened. There is also no basis to claim the relative preference for war nickels will ever increase as he implies either, unless it's measured in the context of a large-scale low-priced hoarder measuring the outcome in percentages like he does which has no relevance to anyone else.

What I wrote is evident in any number of non-US coins which have a much higher generic preference than war nickels. In Latin American colonial and 19th century republic coinage, most of the supply is unappealing or dreck. There are a lot of legitimately scarce coins both proportionately and absolutely, even though the actual supply is higher than what's seen.

Most or practically all of it sells for low or nominal prices because collectors won't pay more for coins they don't really like, and this coinage is also scarcer by an order of magnitude vs. war nickels.

There is little point in arguing about market realty in a market as large and as mature as the US coin market. His argument basically boils down to the fact that the entire market is grossly inefficient and must some day catch up to his wisdom about what the "real market" should be. It's ludicrous. The market is what it is.

@lermish said:

@RedRocket said:

@Raybo said:
How can anyone make a call with such a horrid image?

Also, based off of the OP's choice for an avatar I'd bet dollar to donuts he knows that of which he speaks.
(And, before you ask, yes- if you were to line up all of the primary colors, I'd easily identify the red.)

Donuts cost more than a dollar, particularly if you go to a higher end, designer donut type place.

Inflation has ruined that saying (or, inverted it's meaning)

"Donut to dollars" doesn't have the same ring to it.

Likely an 1865, but clearly not an 1885. Don't focus on the damaged third digit. The giveaway is that the date punches used for 1885 were much larger than those used on this coin. Compare a genuine one (left) vs the coin in question (right).

https://www.ebay.com/itm/127757529723

Considering PCGS won't cross a 70 because they want to see the edge and can't do so without breaking the coin from the holder, I would doubt CAC would give a gold sticker to a 69, which is akin to saying it's a 70.