Help on value of 1876 Japan 5 sen MS-65 ANA NEWP

Kliao

I picked up this little gem up yesterday at the ANA convention when it was about to close and I think I got a deal but I was wondering what the value actually is. It is a bit hard for me to place a value on this coin based on my research because of the high grade. Thanks to all that can pitch in

Kliao

Stork

It's a common date (and a bit less common variety) and can be had in higher grades. JNDA (reading between the lines) catalog would be around $200, which seems pretty darn optimistic in reality. Being the 'connected' variety helps but this is not a difficult coin.

I have a very sketchy internet connection or I'd try and post mine, and would do a quick results search online for auctions/listings.

Kliao

Ok thanks for the info. I did try to search online but I came up with almost no comparisons.

Stork

If it has proof like qualities that also enhances. The Japanese market prizes that (and blast white) more highly. They are nice little coins!

Kliao

@Stork said:
If it has proof like qualities that also enhances. The Japanese market prizes that (and blast white) more highly. They are nice little coins!

Yes what drew me to buy this coin is the nice DMPL reverse. Hard to take a picture of but really nice in person. The dragon on the front has a light degree of frosting.

Stork

Excellent! I was wondering if it did as the photos did suggest it. But NGC is HARD to get the designation from.

Shoot, get it in PCGS plastic with a prooflike designator (which hopefully they will do for non US coins once they start) and you might add 50% or more to the price range. I picked up a nice little 20 sen at the ANA that did get the prized PL, but only a 63. Lovely little coin too. And, paid a bit of a premium for it too. But a gem grade, PL, and once PCGS slabs them that way, well, in the Japanese auctions I've watched that would do well! PCGS does seem to be preferred with Japan too--and they do a far better job with the varieties and using the JNDA for the reference.

Who was selling that one? I was SURE I'd seen every Japanese coin (well, not really as that would be impossible), but I always like to see who is actively selling them .

Wish I could post my few winnings but not until I get home (another week) and can get to my camera set up, and a better internet connection.

Do you collect a lot of Japanese coins?

Kliao

I don’t know if PCGS would put PL on this one because the obverse is not as proof like as the reverse. The reverse in my opinion is really nice. I can try to add a better picture of the coins to see if you can see the PL surface. Also I don’t have a PCGS membership so won’t be able to submit if I choose to. Also I don’t think I’ll get the membership because I don’t really need to submit any coins, there’s a monthly charge and I’m 15.

I got this coin on the last day of the ANA about 2-3 hours before it closed. I saw the guy was starting to clean up but still some coins in his cases. They were random world coins. And saw the Japanese dragon on one of the coins. I asked to see it and he said it was $60. I tried to talk him down but he wouldn’t budge because he said the price was $125 and he’s reducing it because it’s the end of the show.

I started collecting Japanese coins a while ago because my family is from Taiwan and before WWII Taiwan was occupied my japan so any of these Japanese coins could have circulated in Taiwan. Also my family gave me some old Japanese coins that made me start.

Stork

$60 is a good deal. I have no idea when/how PCGS will start their PL service, just something I noted on the US board. I don't have a membership either...the few coins I've sent to them I've used an intermediary.

I do have submitting priviliges 'across the street' (aka NGC). If you are an ANA member you can do a direct submission. Plus, when I started there were many more non-US coins in the NGC slabs.

Nowadays Japan seems to be going more to PCGS (and I would agree due to their better use of the JNDA catalog), but I'm not likely to change all my coins over. Obsessive compulsive only gets me so far and making sure all my slabs match is not my problem.

In any case I'd say you got a very nice coin for $60. Glad to also know there are younger collectors out there too!

Kliao

I don’t have a ANA membership either..... I did do a quick search online before I bought it and saw that NGC listed a MS-60 type I and type III for $90 so I thought why not and bought it.

Here’s a couple more pics. Hopefully you’ll be able to see the PL reverse

Kliao

Do you think PCGS will cross this as MS-65PL?

Stork

I really don’t know. I’d want to see it in hand plus I don’t know when they are starting to add the designation (the info is posted at the top of the US forum page).

It really is only important if you want to sell. I mean, the coin is the same regardless of grading company or even if it’s graded. But watching the Japanese auctions does show a huge bias in favor of a coin in the labeled slab vs one that just has it.

I’ll try and post photos of my year 9s when I get home, plus the 63 PL I picked up at the ANA too. That will be next week. Maybe sooner on the year 9 if I don’t have to reshoot and have them on my laptop or cloud.

That might help you in gauging yours. Or if someone else has photos they can do the same.

Stork

Found this one, does not have PL designation because it appears to be reverse only-which is very much a stark contrast (my photo has a lot of extra light-I should reshoot it). The very prominent die polish lines are obvious--very common on these early Japanese coins. My internet connection (or laptop) is struggling to upload, so I doubt I will add anymore until I get home. This took 3 tries...

Kliao

Wow that’s a nice one. The one I have doesn’t really have mirrored fields on the obverse but has a cameo effect on the dragon. However on the reverse, my coin has a stronger cameo effect with a nice mirrored background. I just can’t seem to figure out how to take the pictures. How do you take pics?

7Jaguars

Yes, they do designate Foreign/World PL

Stork

Slow internet and can’t see the photo...but it’s good to know they are doing that. I’m sure it wasn’t FOR the Japanese market, but it sure won’t hurt. PCGS seems to be preferred there except the PL NGC slab is/was King.

Kliao

Since you cant see the coin,

It a 1984-FM 50c Trinidad and Tobago PCGS PL63

I’m still split at the idea of sending in my coin because if the coin gets a lower grade I might loose money or if it doesn’t get the PL I’ve waisted money........ what do you think?

Stork

I wouldn't do it. It's only a label on plastic, so unless/until you have a compelling reason (and possibly freebie submissions) there's not much point from a financial standpoint. That said, somethings are more fun than money, and it's okay.

For those doing PCGG submissions, I wonder if they have a minimum crossover grade? NGC allows you to state a minimum grade as long as it doesn't exceed the one on the label or if it's red, or a 70 IIRC.

Kliao

@Stork said:
I wouldn't do it. It's only a label on plastic, so unless/until you have a compelling reason (and possibly freebie submissions) there's not much point from a financial standpoint. That said, somethings are more fun than money, and it's okay.

For those doing PCGG submissions, I wonder if they have a minimum crossover grade? NGC allows you to state a minimum grade as long as it doesn't exceed the one on the label or if it's red, or a 70 IIRC.

Ok thanks for your advice. I think I do agree with you since I am not looking to sell this piece.