Think of it this way - your buying from one of the most knowledgable cameo proof dealers in the world. The coin was just graded. If it really was a deep cameo and looked as good as the picture appears you know he'd be asking $650+ for it. Apparently the pic is better than the coin. I've got a '70 69CAM (PCGS) that you could scrape the white off the obverse but the reverse - especially the lettering - is lacking. That would be my guess on this one too. Too bad they didn't replace the dies in pairs back then!
I agree with osiris--If the coin looks as good in person as the scan he would have sent the coin back for regrade a few times. Enough price difference even for him.
Oh, there's no question the coin doesn't look like that in person. They are very good with a camera. But, I've bought enough coins from them to know that, while it's better in the scan then reality, it is still a very, very nice example of the year. It would compare favorably to many DCAM examples that were graded at an earlier time when PCGS wasn't as tight as now.
I don't know much, if anything, about Kennedys. But one-sided obverse DCAMs are great coins, and they sell at large discounts to what the full DCAM would be. I don't know if PCGS will ever give this coin a DCAM, but it's definitely a CAM+ (or DCAM/CAM) and has great eye appeal.
If a DCAM sells for $600, and a CAM sells for $100, a coin like this seems like a bargain, if it is priced nearer the CAM. Not just Kennedies, but all cameo coinage. Yet, this is the way the market responds. $500 for just a bit more reverse frost on the feathers. Seems like a lot of money. Compare these to two-sided CAMs and the difference is clear. If I can't afford a DCAM, the DCAM/CAM is the next best thing.
Robert- Of course the coin is not DCAM. As you say, the reverse is quite clearly not DCAM. We are talking about THE premier Cameo dealer in the country. If Rick thought that baby had a reasonable chance at an upgrade to DCAM, it would be sitting at PCGS right now! Instead he probably paid a normal Cameo price and places it on Ebay with a primo quality price. A nice profit that is sure to occur. Someone will bite.
Goyankeez- You're soooo right! The DCAM/Cam coin provides an awful lot of eye appeal for a whole lot less money than the DCAM Kennedy.
<< <i>It would compare favorably to many DCAM examples that were graded at an earlier time when PCGS wasn't as tight as now. >>
The reverse on the 1969 has the same type frost breaks in the feathers and shield as the 1970, yet received the DCAM designation. Both are nice coins, but if one is just a CAM, isn't the other also? Or vice-versa?
The point is that, designation or not, the 1970 is a very nice example and probably an excellent buy - more so then the 1969 even though it has a lesser designation on the holder.
It may be a better buy but only if the buyer understands that he is not buying a DCAM -- because it is not a DCAM on the reverse.
This thread began with an overtone (perhaps not intend) that the 70-s was undergraded. It is not. If it had been given a DCAM, it might have inspired a thread saying, look at this overgraded coin--the reverse is not DCAM.
Russ, i took your advice in an earlier thread. Bought a 80-s and 81-s PCGS pr69dcam kennedy from ebay yesterday for less than the price it would cost to certify. ( 11 and 13 dollars each ) Thumbs up or down ?
Abmluce- That is a very attractive cost. Congratulations! Those coins were selling for $35 to $40 on Ebay 2 years ago. As more and more dealers submitted the coins for grading and Populations went way high, then the prices fell to current levels. You are able to assemble your set today as a cost that is less, or near, the cost of buying the proof sets, sending them insured to PCGS, paying for the grading fees and the return shipping costs. Take your time and buy carefully. Congratulations again!!
That's my biggest beef with DHRC, the $6.50 shipping charge. Call them up, though, and ask for the lots to be combined. I did that once, and they did it for me.
Comments
Pull the trigger- or "someone" else will. . .
peacockcoins
Clark
<< <i>Aren't these $350.00 plus for that little extra "D" on the insert? >>
The only one that's sold that cheaply over the last 90 days is the one I bought from Morris. Range is $390 to $589, mean of $434.
<< <i>Pull the trigger- or "someone" else will. . . >>
I want to - REALLY bad. But, my first ever coin show is coming up this Saturday, so I'm conserving budget for it.
Russ, NCNE
peacockcoins
You know you have better 70 PR Cameos stashed in your vault.
Bear
Camelot
Russ, NCNE
If a DCAM sells for $600, and a CAM sells for $100, a coin like this seems like a bargain, if it is priced nearer the CAM. Not just Kennedies, but all cameo coinage. Yet, this is the way the market responds. $500 for just a bit more reverse frost on the feathers. Seems like a lot of money. Compare these to two-sided CAMs and the difference is clear. If I can't afford a DCAM, the DCAM/CAM is the next best thing.
Proof Dime Registry Set
Of course the coin is not DCAM. As you say, the reverse is quite clearly not DCAM. We are talking about THE premier Cameo dealer in the country. If Rick thought that baby had a reasonable chance at an upgrade to DCAM, it would be sitting at PCGS right now! Instead he probably paid a normal Cameo price and places it on Ebay with a primo quality price. A nice profit that is sure to occur. Someone will bite.
Goyankeez-
You're soooo right! The DCAM/Cam coin provides an awful lot of eye appeal for a whole lot less money than the DCAM Kennedy.
1969 PCGS PR69DCAM.
This is what I meant when I said:
<< <i>It would compare favorably to many DCAM examples that were graded at an earlier time when PCGS wasn't as tight as now. >>
The reverse on the 1969 has the same type frost breaks in the feathers and shield as the 1970, yet received the DCAM designation. Both are nice coins, but if one is just a CAM, isn't the other also? Or vice-versa?
The point is that, designation or not, the 1970 is a very nice example and probably an excellent buy - more so then the 1969 even though it has a lesser designation on the holder.
Russ, NCNE
This thread began with an overtone (perhaps not intend) that the 70-s was undergraded. It is not. If it had been given a DCAM, it might have inspired a thread saying, look at this overgraded coin--the reverse is not DCAM.
sincerely michael
my hotels
Hard to say without seeing the coins, but that's definitely an excellent price for the coins. I think I remember those closings. DHRC?
Russ, NCNE
my hotels
That is a very attractive cost. Congratulations! Those coins were selling for $35 to $40 on Ebay 2 years ago. As more and more dealers submitted the coins for grading and Populations went way high, then the prices fell to current levels. You are able to assemble your set today as a cost that is less, or near, the cost of buying the proof sets, sending them insured to PCGS, paying for the grading fees and the return shipping costs. Take your time and buy carefully. Congratulations again!!
That's my biggest beef with DHRC, the $6.50 shipping charge. Call them up, though, and ask for the lots to be combined. I did that once, and they did it for me.
Russ, NCNE
my hotels