2018 s reverse proof Kennedy light finish?

Coin Finder

Are these coins harder to find then the normal ones or what? Anyone know the deal? Thanks in advance..

coinhack

Yes, I remember reading a fairy lengthy thread on those and then nothing. Are those still a thing?

BigA

Just got an email offer from MCM selling light finish 69's for $199 which is a tad up there. The 70's are selling for $140-170 which is still decent

Edit to add: Maybe someone here can explain how there can be "First Day of Issue" light finish labels (MCM) when it took a time to realize that it even existed....I bought four complete NGC70 sets early on and all four Kennedys are light finish but NOT attributed and obviously slabbed before it was discovered

Akbeez

I bought a few Kennedy rolls from MCM when they had them fairly cheap. Thought there would be some LIGHTS in the group. Nope. Apparently they were socking them away for attribution. And here they come in force. $199 is very high for PF69s. They are readily available for <$100 on ebay. Maybe they know something we don't. PCGS missed the boat on these...so far.

Coin Finder

Well, I remember when the Kennedy half set came out. And it was discovered that some of the coins were PL and then DMPL... The prices skyrocketed for the DMPLs in 69 and 70... then the price fell fast...

Looks like NGC will designate them on the holder but PCGS hasn't..

BigA

@Akbeez said:
I bought a few Kennedy rolls from MCM when they had them fairly cheap. Thought there would be some LIGHTS in the group.

I totally missed that there were ANY rolls of reverse proof Kennedys from the RP set for sale. I bought a bunch of raw "lights" (not from MCM) and almost all of them submitted came back 70's (definitely cherry picked by me)

Morpheus1967

I paid $95 for the PF69 Light Finish on ebay. Not sure why MCM is so high. I damn near choked paying the $95.

BigA

You can get lucky and bottom feed a 69 auction for around $70 but the BIN's are selling for around $90

ChrisH821

@BigA said:
Edit to add: Maybe someone here can explain how there can be "First Day of Issue" light finish labels (MCM) when it took a time to realize that it even existed....

I would think re-holder with variety attribution.

Akbeez

@ChrisH821 said:

@BigA said:
Edit to add: Maybe someone here can explain how there can be "First Day of Issue" light finish labels (MCM) when it took a time to realize that it even existed....

I would think re-holder with variety attribution.

I had the same thoughts when the First Day attribute showed up. The Lights weren't discovered for a few weeks if I recall correctly. I have a stack of PCGS Lights that of course, are not attributed. Debating whether to crack them and sell raw to avoid attribute confusion. Then again, they are safely slabbed. Crossing them likely isn't worth it at this time.

Hemispherical

@coinhack said:
Yes, I remember reading a fairy lengthy thread on those and then nothing. Are those still a thing?

Here is the thread, started by @BackroadJunkie. The “error” was brought up around page 12 (give or take):

https://forums.collectors.com/discussion/989014/2018-san-francisco-mint-silver-reverse-proof-set-18xc-sold-out

Coin Finder

This kinda reminds me of the narrow reed, wide reed gold from a few years ago...

BigA

@Akbeez said:

@ChrisH821 said:

@BigA said:
Edit to add: Maybe someone here can explain how there can be "First Day of Issue" light finish labels (MCM) when it took a time to realize that it even existed....

I would think re-holder with variety attribution.

I had the same thoughts when the First Day attribute showed up. The Lights weren't discovered for a few weeks if I recall correctly. I have a stack of PCGS Lights that of course, are not attributed. Debating whether to crack them and sell raw to avoid attribute confusion. Then again, they are safely slabbed. Crossing them likely isn't worth it at this time.

There are valid "Light Finish" PCGS slabbed halves (obviously not attributed) for sale on the Bay and listed as such. Seem to be getting decent prices also.....

jmlanzaf

These are an interesting oddity, but not rare. Out of 330 sets I had, I had almost 70 of the light finish.

Morpheus1967

@BigA said:
Maybe someone here can explain how there can be "First Day of Issue" light finish labels (MCM) when it took a time to realize that it even existed....

I believe if you send in your receipt from the mint when sending in the coins for grading you can designate FDOI.

ricko

I have not checked for this variation.... however, I think it is a temporary interest.... So, if I do not have any, I will wait a year or so, then add one for a much reduced price. Cheers, RickO

kiyote

pours a drink on the ground for Russ

Walkerfan

They are touted as being scarcer than normal reverse proofs (about 10 percent are of this type but it could be much higher, as time marches on and more are found) but I don't understand why anyone would want them? If I'm buying a reverse proof, then I want a reverse proof...not one that looks like a regular proof. You'd have to be a true variety expert to really appreciate them.

BigA

I think 20-40k out of a mintage of 200k is a mintage number that has decent potential. If you just collect "normal" coins then obviously this one won't suit you

There have been just over 7400 attributed which is around 3-4% of the mintage so label and variety collectors should like this one

7Jaguars

I just think this is a created variety and is not enough different than say a matte proof compared to a brilliant proof. Kind of like the different washes on Sacs that a few people tried to drum up interest in.

BigA

Side by side there is a VERY obvious difference and this difference was enough to get it attributed on a label. In my opinion , and a major TPG, this does not resemble a reverse proof...

thevolcanogod

@7Jaguars said:
I just think this is a created variety and is not enough different than say a matte proof compared to a brilliant proof. Kind of like the different washes on Sacs that a few people tried to drum up interest in.

Goodacre sacs have doubled to trippled in value in 4 years. Just sayin.