The Price of Everything--The Value of Nothing
Clankeye
Posts: 3,928 ✭
You all know the old cliche about a fool knowing the price of everything and the value of nothing... well, here is something that the value right now far exceeds the price to me.
I purchased a 1952 Washington Carver set this morning. I won't be shy, the total price was $166.00 including shipping. All coins were graded NGC65.
That amounts to $55.33 a coin. Roughly the ticket price if I wanted to go to a basketball game and sit in ordinary seats.
The 52-D Carver is a tough coin to find nice. This one looks nice, with some peripheral toning I like. The mintage was 8006. The slabbed pop is 122 NGC, and 281 PCGS... some of those have to be phantom coins. The 52-S also had a mintage of 8006, it's slabbed numbers are higher, but not much. The 52-P is the most common coin of the series.
My point is this: to be able to get gem quality examples, of classic commems at these prices is a good deal. No, not a good deal--a great deal.
I think people sit around and day-dream about the "old" days of numismatics when this was cheap, or that was cheap... IMO, there are coins out there right now, which are jaw-droppingly inexpensive compared to their real value. You can get into discussions about size of collector base and so forth... but the coins are out there. I believe that. (...Hmmmmm, maybe I'm out there.)
Carl
I purchased a 1952 Washington Carver set this morning. I won't be shy, the total price was $166.00 including shipping. All coins were graded NGC65.
That amounts to $55.33 a coin. Roughly the ticket price if I wanted to go to a basketball game and sit in ordinary seats.
The 52-D Carver is a tough coin to find nice. This one looks nice, with some peripheral toning I like. The mintage was 8006. The slabbed pop is 122 NGC, and 281 PCGS... some of those have to be phantom coins. The 52-S also had a mintage of 8006, it's slabbed numbers are higher, but not much. The 52-P is the most common coin of the series.
My point is this: to be able to get gem quality examples, of classic commems at these prices is a good deal. No, not a good deal--a great deal.
I think people sit around and day-dream about the "old" days of numismatics when this was cheap, or that was cheap... IMO, there are coins out there right now, which are jaw-droppingly inexpensive compared to their real value. You can get into discussions about size of collector base and so forth... but the coins are out there. I believe that. (...Hmmmmm, maybe I'm out there.)
Carl
Brevity is the soul of wit. --William Shakespeare
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Comments
Obscurum per obscurius
As you have just layed it out. I now see perfectly. Thank you, I am marking this day on my calender. The Day I Learned The Truth.
Clank
Just my two-cents (U.S.)
Cheers,
Bob
<< <i>Personally, I think that classic commems are way under-valued. What other series carry mintages this low and prices (for the most part) to match? One of these days the naysayers are all going to eat their words.
And they are a cool series to collect because of the variations. Really fun.
Why do people torture only expensive coins with plastic tombs? Isn't that discriminatory?
I think the commems are undervalued, also. While I'd like to get a nice, complete set of the Oregon Trail halves, I think they're not quite as undervalued as most others.
Obscurum per obscurius
BUT it has to be the right looking coin in other words it has to be extraordinarly nice toned to monster toned nice then it is super undervalued combined with extreme popularity then it is a value
now run of the mill regular white grey white average lookiing coins in 65 66 67 well that is another story and then they are not undervalued in my opinion
and with the example clankeye gave it just goes to show you there are many great undervalued coins out there in all price ranges !!!!!!!!!!!!!!!!!!!!!!!!!!1 which in up and coming years will be the next darlings of the coin market along with many others that are now popular and still to be popular!
sincerely michael
K S
Dealers don't pay strong money for the white coins, so the sheets never really move on the "average" coins.
The superbly toned coins are untouchable and a little research will back that fact up. Other than those coins, the prices for Commem's are flat, and will forever be that way, as the demand stays relatively constant also.
To think, I LIKE Commem's too!!
LSCC#1864
Ebay Stuff
My 1866 Philly Mint Set
When I talk about value, I'm not just refering to the market prices of commems. I don't care what appreciation they might hold. I'm talking about value to me, as a piece of history, of art... of owning a piece of American history. That I can get something like these Carvers for peanuts... that's very cool to me. I don't care if they never appreciate from what I buy them at. It's not the point to me.
Carl
what do you think of boone's? talk about a low mintage commem!! over half of the issues were limited to 5,000 or less coins and it includes the lowest mintage 20th century silver issue. no doubt there are probably some of the dates with less than 1,000 coins existing in all grades and priced at around $500 slabbed MS65. michael points to the nicely toned or monster toned coins and with boones those are sure to be a tough find. i resist terms like under/over valued, but boone commems would seem like a steal!!
all this for a coin with a good design and celebrating perhaps one of the greatest frontiersman and adventurers of all time.
al h.