Options
Should I DOWNGRADE my registry set?
relayer
Posts: 10,570 ✭
I'm currently in a 6 way tie for #12 in the SBA Proof category.
There are only 13 possible sets with 100% PR70DCAMs and 7 are currently registered.
I've come around to a new way of thinking about modern PCGS PR70DCAMs. They are a PCGS created rarity and to the naked eye look just like a PR69DCAM.
I've got 3 of the 6 in 70. From a Registry point of view the difference is 0.30 points.
I'm more of a type collector than a date series so I only built this set because of it's a 6 coin set. I paid $1640 for the set and the price guide is $1540.
1979-S TYPE 1 99589 SBA$ Type 1 PR70DC 191 0
1979-S TYPE 2 99590 SBA$ Type 2 PR69DC 630 43
1980-S 99592 SBA$ PR70DC 262 0
1981-S TYPE 1 99594 SBA$ Type 1 PR70DC 203 0
1981-S TYPE 2 99595 SBA$ Type 2 PR69DC 547 31
1999-P 99596 SBA$ PR69DC 2343 13
What would you do?
There are only 13 possible sets with 100% PR70DCAMs and 7 are currently registered.
I've come around to a new way of thinking about modern PCGS PR70DCAMs. They are a PCGS created rarity and to the naked eye look just like a PR69DCAM.
I've got 3 of the 6 in 70. From a Registry point of view the difference is 0.30 points.
I'm more of a type collector than a date series so I only built this set because of it's a 6 coin set. I paid $1640 for the set and the price guide is $1540.
1979-S TYPE 1 99589 SBA$ Type 1 PR70DC 191 0
1979-S TYPE 2 99590 SBA$ Type 2 PR69DC 630 43
1980-S 99592 SBA$ PR70DC 262 0
1981-S TYPE 1 99594 SBA$ Type 1 PR70DC 203 0
1981-S TYPE 2 99595 SBA$ Type 2 PR69DC 547 31
1999-P 99596 SBA$ PR69DC 2343 13
What would you do?
My posts viewed
timessince 8/1/6
0
Comments
But then I'm in a six way tie with you so maybe my advice isn't what you're looking for.
-KHayse
Full disclosure: From a financial standpoint I have a terrible track record predicting PR70 prices.
But, what's the fun in that?!
peacockcoins
The only thing necessary for evil to triumph is for good men to do nothing.
else.
You didn't ask about this part, but I say use the money to buy one or more of the
nicest toned coins you can find, ones that makes you say WOW!!!
Brian's idea works for me. And if you don't need the 70DCAM, get a 69DCAM.
Sleep on it.
If you're like me, the pain will be worse tomorrow.
I hate to sell my coins.
Greg
Jim
David
Registry 1909-1958 Proof Lincolns
As always, keep in mind that those submitted are the cream of the crop. The common dates are money-losers even in PR68, so the only ones submitted are those that are expected to have a very good chance of making PR69.
I'm well aware that only the best coins are selected for slabbing, but I'm sure that if you can find 10 virgin proof sets from 1979-81, at least 3 of the SBA's would make 69DCAM. Suppose, though, that "only" one in 10 is a 69DCAM, that 's still over one million coins. Now let's assume that 25% have been stored improperly or mishandled. 750,000 is still a staggering number. The only reason the populations are so low is that there aren't that many collectors who feel they need to be told by PCGS that a coin is a 69DCAM. IMO. anyone who believes otherwise is only fooling themselves (or their customers?)
Jim
As to the other percentages, that is of course based on your experience buying proof sets, seeing how many are improperly stored, and searching the rest for coins that are "equals of the 70DCAM's", and submitting them to PCGS, right?
From my (ahem) actual experience, I think you'd be likely to disappointed in how many coins you'd find that are truly nearly flawless, haze-free, and with fully cameod devices throughout.
But in any case, I already said they aren't difficult to find nice. And regardless of the eventual population -- since you can buy one in PCGS PR69 for under $30, if you happen to want one certified it's tough to beat the price compared to the cost of the proof set(s), grading fees, shipping both ways, possible damage to coins, not making the grade, and oh yeah... your time.
As far as fooling my customers... I hope that's a pretty big winking icon or you haven't read my other posts in this forum.
[ Edited to note this is a little snippier sounding than I intended, it was early.
As you can see by my latest results, PR69DC SBA's are pretty easy to make
3 90041572 1999-P SBA$ PR69DC
3 90041573 1999-P SBA$ PR69DC
3 90041574 1999-P SBA$ PR69DC
3 90041575 1999-P SBA$ PR69DC
3 90041576 1999-P SBA$ PR69DC
3 90041577 1999-P SBA$ PR69DC
11 90041585 1979-S SBA$ Type 1 PR69DC
My posts viewed
since 8/1/6
To be clear (on the remote chance anyone still cares but me
Yes, PR69DCAM are not difficult to find or rare by any sense of the word. If they were, you couldn't buy one for $30, because they are actually pretty popular.
Ray
Yesterday was Free Fixed Price Listings on eBay, so I listed the set.
I put prices on them that I would be willing to break up the set for. So if any one or more sells I'll have to break up the set, otherwise they can stay in the safe deposit box awhile longer.
Thanks for your input
My posts viewed
since 8/1/6
I guess I took solid's advice, except I did it in reverse order. I first bought a nice WOW toned coin and then I sold the 80 and 81 PR70's to pay for it.
Would you rather have 2 PR70DC SBA's or one of these?
My posts viewed
since 8/1/6
Good trade, that is a nice nickel, very nice!
(The SBA PR70 label, I mean!
<< <i>I agree with your thinking on PR70s, so I said "Replace the 70's with 69's and use the money to buy new coins". It's a lonely vote so far. >>
Not anymore, it ain't. That's what I voted.
OMG, relayer- is that thing yours ? Is that what you bought with your SBA's? Holy Cow! I want it!
Your question was a no-brainer for me.
In fact, I had the same thought. I sold two of my PR70 DCAM coins (one was an SBA). This is what I bought with the proceeds:
But with my passions these days, I like your nickel even better.