Well... These sure aren't getting any cheaper. (1899 PR DCAM 10c)
oldcameoproofsguy
Posts: 3,174 ✭
The prices for classic proofs in DCAM are not getting any cheaper. This 1899 PR 67 DCAM 10c, pop 3(0), is a real black and white monster but the price seems a little lofty. Even though the price seems a little high, I'll bet it still sells quickly.
Link
Link
0
Comments
I've got a 1883 Seated Dime in PCGS PR67DCAM that you can have for $8500. I think it is finest known and one of two with none finer
for the type. Totally white, problem free.
adrian
go to jjteaparty.com they have a super nice proof 66 ngc ultra cameo 1880 seatred dime a unique coin i think in ultra cameo and none deep cameo at pcgs and thAT coin is 3000 has a photo also!i think so for me 8950 is way way too high!!
go to the ngccoin.com forums and see the post on the ultra cameo proof66 1885 seated dime with photo on the us coin boards!!
sincerely michael
In many cases, prices for "classic" DCAM proofs have indeed come down. When we first started buying them on a wholesale basis (shortly after PCGS and NGC began attributing them) we paid approximately double (or a 100% premium) what we would for a non cameo example. We have bought some recently for as little as a 50% premium.
In my opinion, there are two major reasons for this decline in price 1) the supply has increased dramatically, as was inevitable and 2) the attributions, by PCGS in particular, have been inconsistent and liberal - we have made and seen a number of DCAM's that should have been called CAM, instead. The liberal designation of some pieces can lead to a negative impact on the group, as a whole.
One other factor to consider is that there are MANY of these coins that were graded and sold into collections long before the CAM and DCAM designations were used by PCGS and NGC. As those coins are resubmitted over time, the available supply will continue to increase.
In attempting to determine current levels, I would recommend looking at actual prices realized as an indication, rather than dealers' asking prices. Some dealers tend to sell their coins at levels quite a bit lower than the original "asking" price.
Lastly, some coin types (and dates/issues within those types) are much easier to locate in DCAM than others. As the market evolves and the population reports reflect larger populations, it will be easier to determine the relaitive rarity of the various types in DCAM condition. Prices will most likley, adjust (up or down) accordingly.