Best Of

@PeakRarities said:
Yea if you get feedback stickers, you're one of the lucky ones. He doesn't do that frequently at all, he might have sensed that you were newer to the hobby and wanted to help as best as he could.

I think you missed the part where OP said he called CAC after seeing many of the coins didn’t pass, and JA went through the coins a second time and applied stickers.

Of course, that only supports the preponderance of existing evidence that JA is a stand up guy.

All: regarding the 1853 NA H10C PCGS 66 CAC. I was surprised at the guesses as the pics were good (highest @ 63+). The coin doesn’t show much at all in the way of marks. I will say luster didn’t show as it does in “real life”, but it’s muted anyway. Tough coin.

No. But it will be a nightmare for coin dealers.

@cladking said:

@Sapyx said:
Evidence from other countries which have recently abolished their lower denominations of coins: no, it does not cause an immediate surge in value for "rarities". There might be a short-term price spike for the more common coins, as everyone rushes to "complete their set before it's too late", but once everyone's done that and the new cent-less reality sets in, no-one will think about them any more. Long term, I would expect to see a reduction in value as the current generation of penny-mad collectors die out and aren't replaced: supply stays the same but demand drops, leading to an inevitable decline in value.

Excellent point but I don't think it's so cut and dried. Most countries didn't have coins that everyone stopped collecting suddenly. When they did it did not apply to the smallest denominations and then all those coins that weren't collected got a big boost (except the smallest denominations which are almost invariably saved in substantial quantities and quality).

We have a unique situation here. People quit collecting US coins after 1965 and this very much applies to one cent coins as well. Yes, due to the the low denomination there were still many set aside each year but most of these coins were very low quality, have already tarnished, and have a very spotty supply with hundreds of thousands of rolls of some dates and very few of others. There are no collections to supply quality coins so all we have for supply is BU rolls and mint sets. Some dates are very elusive in nice pristine condition from either of these sources. Even a little bit of "people completing their sets" will show some dates are not readily available in nice condition. But more importantly there are so few of these sets in existence any nominal increase in set building is a large percentage increase in demand.

I can hardly imagine the effect of dozens or even hundreds of people rushing out to buy 1968 cents in MS-65. There is no market and slabbed coins are so far out of the money there is no market for these either. Retail price guides list these for $1 but actually getting one will prove quite challenging. Even being willing to pay more won't be helpful unless you pay up for an in the money slab. People forget that _"a $1 modern can't be sold until it's slabbed so is a $19 liability rather than a 1c or $1 asset". _

To put this more simply there has been no significant percentage increase in the demand for low denomination coins in other countries when they were eliminated. The potential in the US is for a stunning percentage increase because there are so few who actually collect pennies made after 1958.

Disagree. Your argument boils down to: is going to be different this time.

@NJCoin said:

@ProofCollection said:

@jmlanzaf said:

@ProofCollection said:
I don't get the negative comments. Of course the flippers want a artificial rarity, but the mint is delivering on its mission. They will sell all 100k and everyone who wants one will have an opportunity to buy one at mint issue price. They are doing their job.

Maybe. They still haven't sold 100k Army privy coins and that may well be of more interest than the laser privy.

I agree the laser privy success is yet to be determined but it's reasonable to expect a similar sales rate. But do you think the army privy won't be completely sold out 30 days from now? People need to have their expectations realigned with reality. If a product sells out in a month or two's time (or even by the end of the year), it should be a success in anybody's book.

The army privy will only be sold out if they lift the HHL. If not, after all this time, I think it's pretty clear that pretty much everyone the Mint will accept an order from has already placed one.

Are you kidding or just not that good at math? There's less than 3600 left for sale and they've been selling a few hundred a day with HHL=1. The trajectory is clear even if you can't see it.

It just might be that they don't care about selling the last few if it means letting them get into the hands of those they don't want to have them. They can also just send them out the back door to one or a few large customers, and call it a sell out without ever lifting the HHL. TBD, but it's also pretty clear that it's never going to sell out if they just keep doing what they have been doing since June 13th.

Even then it will sell out which from the mint's point of view (or any business that sells out a product in a similar time frame) is a successful product.

All very nice coins. A few years ago I decided to add 10 to 12 classic commem designs that I liked to my collection. They quickly became addictive. I now have 30+ and am still looking for more.

$10 admission!!!

@privatecoin said:
Let's round everything to the dollar to start. Help with the inflationary destruction of value so many seem to support.

@MsMorrisine said:
round up gasoline!

Not sure what yall are thinking... I am voting they round down!

Side note, the intentional marketing of items at 3.99, 4.99, etc is used for psychological manipulation in business. To expect they round 3.99 to 4.00 and 4.99 to 5.00 is a more radical assumption than you may think.

@PerryHall said:

@Coins3675 said:
$10 admission!!!

I've been told that in addition to making money for the shows sponsor, these admissions are to keep out the local teenagers and riff-raff.

If that is the case, then collect $10 and give a $10 coupon good at any table