Coin World Trends!

cladking

I've been awaiting my print version of the "famous" new Coin World, but it's apparently
slowed down by seasonal backups at the post office. I did find the trends editorials and
the Washington quarter prices on the Coin World site. Holy Smokes! They've listed clad
eagle reverse quarter prices up through MS-67 (for many). The prices generally appear to
be well correlated with scarcity.

This will be a huge boost to the market!!! People trying to put together a set of these will
for the first time have a handy reference to get an idea of value! This will allow the demand
for these coins to actually be satisfied and stimulate those having a tough time acquiring the
coins to more actively search for them.

joejoe2000

I think this is great news. There is very little info on pricing moderns, unless you are willing to do the homework yourself.
This is another sign that the modern segment is becoming a more mature market.

Joe

Twowood

"Coin World Trends"....Try saying that fast 5 times!!!! Twowood

fantasiize

Cladking,

Can you "lay a couple on us" like the Wash clad 25c 70p, 71p, 72p, 73p, 82p, 82d, 83p, 83d, 86p, 86d in MS66 & MS67 ?

And since you are there, how about the Ike 71p, 72p, 73p, 74p in MS66 & MS67 and ok, I know I am puching it now, the 76s in MS68 ?

I promise to continue to bid on your lots for services rendered (not to mention the nice coins you offer)

Thanks in advance (if you have the time),
Chris

perfectstrike

I checked out the Lincoln prices yesterday. The 1934 to date moderns, are a joke. I'd snap up everything on the market at some of the listed prices. $90 for a 1946 in MS67RD, $75 for a 1952 in MS67RD, $75 for a 1969-S in MS67RD, $250 for a 1963-D in MS67RD, $150 for a 1997 in MS68RD, as a few examples.

perfectstrike

fantasiize

At $75 for 52p in MS67, you would not find any as I would setup the sniper program to buy all 6 of the MS67s at $100 (feeling generous).

cosmicdebris

Their online trends still need alot of work. Prices are all over the place. Any many coins have no prices for the higher grades.

cladking

You're right that there are some obvious problems with the guide. There are a few
relatively common coins which are priced as high as some much more difficult coins.
There are some coins which may not exist in any real quantity which are priced very
low just because there might be a few graded already. Generally there does seem
to be a good correlation between the rarity and price but this isn't what is as excit-
ing as the mere existence of this guide! This is the first time that collectors will be
able to cite a source for their offers, for dealers to base their prices on something tan-
gible, and for newbies to get an idea of the value of their coins. These things have
always been taken for granted by previous generations of US coin collectors, but the
lack of a readily available standard guide has long stymied these markets.

Let me be the first to warn the newbies; All the coins in your 1975 mint set are not
MS-67's. Do not go to the right hand side of the guide to make your value determi-
nations unless you know that the coin is high grade.

Windycity

Same problem with the quarters - 1937 s and 1937 D's at $750 - I would buy every one at a huge premium if available - the trends are worthless for high grade silver and copper.

GDJMSP

clad - the modern coins will not appear in the print edition of CW for 2 weeks yet. But as you said - they are available on-line now.

Windycity - the reason the Trends prices are worthless for modern MS high grade silver & copper is because there so few of the coins that exist. In order to set a valid Trends price - many coins have to be bought & sold. And when there are not many to begin with - that is hard to do. In time the validity of the pricing will improve. But for now - at least we have a start !

cosmicdebris

One major problem if you try to use their my portfolio, if the coin does not have a trend value in a certain grade you can not add it to your portfolio in that grade.

Gemini

I was not happy with the Coin World trends as it lacked any pricing on the older series high end coins.

It seemed to me that their trend section seemed to continually feature gold coins more often than anything else. I don't know if things have changed since I stopped my subcription.

I have since subscribed to Numismatic News and I do like their trends section much more.

crito

The printed version is useless for proofs. Spend 15 minutes hunting for the issue with a specific series in it and proof prices are in another, very irritating. The web app is pretty slick, but you can't take it with you to a coin show (unless it's WAP enabled and you have a wireless PDA, that is ).

Windycity

GDJMSP - If they don't have enough coins trading to set a price should they put a "-" rather than throwing a number against it which is so wrong?

GDJMSP

No - not in my opinion. The numbers they have at least provide the basis for a guide - until now there was nothing. Most who trade in or collect high end modern coinage are well aware that the prices can end up being all over the board depending on any given day. The same is true of almost any high end coin from any time period. Because there are few examples available the price guides are not terribly accurate. The guides only provide semi-accurate prices for more common coins.

wayneherndon

One problem they'll always have is giving one "trends" price that is supposed to work for the PCGS MS 67, NGC 67, ICG 67, SEGS 67, PCI 67, NTC 67, ACG 67 and the 2X2 in the dealer's case with MS 67 written on it.

WH

wingedliberty

I am going to check it out on line now.

Brian.

coinkat

I really do not follow modern coins. I thought I read in this thread that $75 is too low for an MS67 Red 1969-s Lincoln. I recall that the strikes are pretty miserable for the most part for this date (okay, that could still be an understatement...), but aren't there still unc. bags and rolls of this date available? I understand that just because those exist doesn't mean there are many individual coins around that would Grade MS67 (red). However, because the fees associated with slabbing are what they are, isn't that a deterent from submitting this coin to the services? If the coin doesn't grade MS67, what then? I'm not trying to argue or be difficult but it seems alittle premature to place a significant value on a coin like this.

On the other hand, as an example and I know I am mixing apples and oranges here, but look at the rarity of the 1945 Mercury Dime MS65 FSB... Thirty years ago, I don't think many collectors appreciated how rare this coin was. This could be a similar story. I GUESS MY QUESTION IS THIS...What is an appropriate value for a 1969-s Lincoln graded MS67 RED?

cladking

The mintage of the 69-S Lincoln in high grade was not terribly low. Many of the moderns
do have extremely low mintages in high grade, but this simply doesn't apply to the 69-S.
This coin does however have an extremely low survival rate in the highest grades. This,
again, doesn't apply to all moderns since some have fairly good survival rates. Large num-
bers of this particular date were set aside in bags and rolls as speculation about higher
prices in the future. Very few of the speculators from this era spent any effort in obtaining
quality coins for storage. It had never really been much rewarded in the past and they didn't
believe it would be worth the time and costs. While millions of high grade coins were made
and distributed their odds of being actually saved were extremely poor. The bulk of all these
mintages just went straight into circulation. A third of a century in circulation has decimated
the populations of these and nearly uniformly worn down the remainder to XF/AU. Many of
those which were saved were subsequently spent when prices didn't soar back in the 70's or
when they were discovered to be too low of quality to wholesale. There has also been a lot
of trouble with tarnish on cents of this era. Very few bags will have any high grade 69-S
cents in them and even where they are found they are few in number. Like most moderns the
best place to find gems of this date is the mint sets. The '69 mint set is one of the most cut up
of all these. Tarnish and hazing is rampant, they were melted en mass in '79-'80 during the
silver run up, there has long been interest in the choice halfs which are often found in this set,
They sold for less than "face value" for many years, and they soared to $20 per set in 1990
when a few speculators jumped the gun. This is always the most difficult set to find in any quan-
tity and when you catch up to one it often makes you wonder why you looked. Gem S cents are
not overly difficult to find here and account for about 4% of the remaining popualtion. The price
probably reflects the difficulty and expense of finding 25 of these sets to get a nice gem. Price
is dependent primarily on demand so it tells one much more about this than it does supply. It
does seem to imply that the demand is still quite small.