gem sesqui undipped original and your comments wanted on early commems!
michael
Posts: 9,524 ✭✭
even though the scan doesnot show it this coin has golden/yellow rims with lilac overtones and has a thick skinned original surface with one of the better strikes on the reverse on the liberty bell i have seen in a 65 holder
the coin is a
ngc 65 with a 66 overall look for a sesqui and a really nice for the grade 65 coin to boot! REALLY NICE FOR THE GRADE!!!
one of the hastest worst quality wise early commems produced at the mint
this coin is an uncommon exception
i have seen many not as nice as this coin in pcgs 65 holders!
why does the sesqui a really nice for the grade 65 sesqui pcgs 65 go for 2000 or more in a pcgs holder comapired to an ngc holder 65 coin?
will this as per the above change in future years? as really it is the coin not the holder??
do you think there will ever be a 67 sesqui graded and not a coin in a 67 holder but a real 67 in a 67 holder?
do you think the sesqui is undervalued in terms of price based on its demand and really low pop in 65 and higher? are there other commems out there that are also greatly undervalued?
care to predict when the next explosion in the early commem market is coming?
sincerely michael
the coin is a
ngc 65 with a 66 overall look for a sesqui and a really nice for the grade 65 coin to boot! REALLY NICE FOR THE GRADE!!!
one of the hastest worst quality wise early commems produced at the mint
this coin is an uncommon exception
i have seen many not as nice as this coin in pcgs 65 holders!
why does the sesqui a really nice for the grade 65 sesqui pcgs 65 go for 2000 or more in a pcgs holder comapired to an ngc holder 65 coin?
will this as per the above change in future years? as really it is the coin not the holder??
do you think there will ever be a 67 sesqui graded and not a coin in a 67 holder but a real 67 in a 67 holder?
do you think the sesqui is undervalued in terms of price based on its demand and really low pop in 65 and higher? are there other commems out there that are also greatly undervalued?
care to predict when the next explosion in the early commem market is coming?
sincerely michael
0
Comments
You asked "why does the sesqui a really nice for the grade 65 sesqui pcgs 65 go for 2000 or more in a pcgs holder compared to an ngc holder 65 coin?"
The answer is, it doesn't. There is a difference in price of only $560 on the Certified Coin Dealer Newsletter ($3160 for PCGS vs. $2600 for NGC). And, a nice MS65 Sesqui in either an NGC or PCGS holder will bring over those numbers on a wholesale basis.
You also asked "do you think there will ever be a 67 sesqui graded and not a coin in a 67 holder but a real 67 in a 67 holder?"
I'd hate to bet against it and I'd rarely say "never", though two factors make me think it's unlikely. First, NGC and PCGS combined, have certified only (13) MS66's - this is a VERY RARE issue in higher grades. It's not like there are many MS67 candidates floating around to begin with. Second, due to its low relief, the design is susceptible to contact marks in both the fields and on the devices on obverse and reverse. That, along with their often being poorly made (weakness of strike and obverse die imperfections) stacks the deck further against an MS67 being made.
In answer to your questions "do you think the sesqui is undervalued in terms of price based on its demand and really low pop in 65 and higher? are there other commems out there that are also greatly undervalued?"
I like the value of properly graded MS65 and 66 Sesqui's, as I do a number of other scarce issues, such as the Lafayette dollar, Grant w/ star and Monroe.
Time to go to bed...oh yeah, I already did that, just not for a long enough period of time!
I think these may be the shallowest struck of all commemoratives as I can't think of a worst one. Mishandlied pieces are totally unatractive and down right ugly.
Those on the other hand when found with nice original unbroken cartwheel mint frost have a nice satin quality about them and very pleasnt to look at even in their low relief.
Lightly toned pieces are a nice plus and some tone a nice golden hue.
I don't know about the holder NGC vs PCGS price differences but to me eye appeal is everything here and I wouldn't care whose holder it was sitting in.
Don-Gemini
Cheers,
Bob
but i guess that is retail for you! and the twp pcgs copins were nice not outstanding but nice so were the ngc coins!
sincerely michael
combine a low relief design with not much detail to strike up and you end with a coin which comes across to me as a predecessor of the franklin half dollar. i don't think the mint had a whole lot going for it quality wise in the mid 20's either. a truly sad state of affairs.
my take on pricing----i personally avoid using two words, undervalued and overvalued. the reason this coin isn't priced higher in MS66 is because noone wants it, plain and simple. it's the same reason why many issues with a much larger slabbed pop are priced higher----overvalued. too many collectors after too few coins. and so it goes.............
BTW, how did the coin club giveaway go?
al h.
Well why do you think they dip them guys, because "original" is a haze or a dark , often ugly toning. Most of these were kept in paper envelopes, not the cloth bags like Morgans. A commem with a nice rainbow toning may look nice but I don't see many "original" ones that look like that.
When will the early commem market improve..... as soon as the Mint stops sucking up all the collector money with a new release every week. Since they're addicted to the profits I dont see that as too soon.