Do you think the Registries and pop 1 coins increase or decrease the prices on the lower graded coin
leothelyon
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It's very clear how low pop 1 coins fetch high prices but do you think the Registries and pop 1 coins increase or decrease the prices on the lower graded coins?
I don't have any real examples but perhaps everyone could show some estimates or actual prices paid for any high grade coin in its top 3 grades. Help show your findings in the following way;
Coin, date, MS, value, MS, value, MS, value.
Thanks for your cooperation.
Leo
I don't have any real examples but perhaps everyone could show some estimates or actual prices paid for any high grade coin in its top 3 grades. Help show your findings in the following way;
Coin, date, MS, value, MS, value, MS, value.
Thanks for your cooperation.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
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Comments
How about the other series - anyone else??
if Ferrari built 1 supercar - best, fastest in the world, how would that affect the price of a Ford Focus? The market at that level is so tiny I don't think it has any affect on the average collector.
2 Cam-Slams!
1 Russ POTD!
Does this make any sense?
Neil
<< <i>This is something I have actually thought about. In some cases the pop 1 coins do make the coins in lower grades worth less but for a different reason than you might think. An example is 1996-D Wash Qtr in MS-67. I am always trying to find a 96-D quarter that will grade MS-68. Since I've been searching I have only graded 1 1996-D Quarter MS-68 but have probably graded 25 MS-67 coins that I sent in looking for an MS-68 grade. So my hunt for the next 68 coin increased the population of 67 coins and has caused prices to go down. When I sold my first MS-67 I got over $100. Now I'm happy if I get $40. This has happened with many other coins. Seems to me that the top pop coins will continue to be worth a fortune but the coins that grade under the top tier will go down as more and more coins are graded looking for the top coin. Also in the future as more and more coins are graded it will be harder and harder to get a grade that will stand out from the crowd.
Does this make any sense? >>
Your thinking certainly does even if the situation doesn't. While it will get increasingly difficult to
get pop-1's people will come to see pop-20's and 30's as being very difficult grades when they
know that virtually the entire surviving population has been checked and submitted. If demand
increases substantially then the undergrades with populations in the hundreds will look pretty
good too. At least with the moderns it is probable that there will be at least a few coins with only
one or two as pop tops but for the main part there will at least several coins tied for top.
Time will tell.
I've only had low pop coins in the Modern series.
I have some examples. These coins were pop 1 at one time but the pop increased and they moved from highest graded to 4 or 5 higher and more etc.
1997-P 1¢ MS66 Red cost slabbing fee sold for $15 when I upgraded to 67.
1997-P 1¢ MS67 Red bought for $49, last ones I saw sold for around $29. You would think the Lincoln collectors would have kept pressure on these. Maybe I paid too much.
1997-D 1¢ MS67 Red bought for $27, then they sold for around $49 till somemade some 68 then dropped to last price I saw sold was $15.
1997-D 1¢ MS68 Red bought for $174 then they dropped to about $50-$100.
a decrease on the Lincolns.
1997 5¢ MS 64FS, 65FS, & 66FS, remained about the same.
1997 MS 67 10¢ seemed to remain steady even when MS68 became highest graded.
1997-D 25¢ MS67 were selling for around $400+ when highest graded pop 3. Waited a little while bought one for $250. Somebody made some 68 and 67 now sells for $50.
The 97 JFK MS67s seemed to have risen then remain steady even when highest graded became outranked with ms68. Only a few 68s so JFK collectors still put pressure on MS67.
This really doesn't mean much since it's only 1 year in the Modern series and the low pop coins don't trade enough for me to have many examples. I also didn't do a lot of price research to back myself up with prices realized. These are simply the notes I entered in my coin inventory program when I did biz with and watched eBay auctions from Modern sellers such as thenumish, telecoin, wayneherndon, datentype & others.
al h.
<< <i>This reasoning only makes sense for modern coins where the plastic is worth more than the coin. For example, if an 1803 dime in PCGS 58 (one of the highest graded) sells for $47,000 (or more than five times grey shee for a 60), I'm sure that the price for choice XFs will increase substantially more. These coins are not being made any more and it is unlike that more than a handful will be made in the next several years. Also, it matters little whether such coins are holdered at all. The same 1803 dime is worth pretty much the same whether it is slabbed or not.
The problem with the registries on the moderns is that the holder determines the value, not the coin. As has been said many times, what if these pop top moderns were cracked out of their holders and sold in a Heritage auction. Do you think they would bring pop top numbers? >>
Sure moon money for pop top indians mkes perfect sence whereas anyone paying moon money for moderns is buying plastic!
man, i feel better now.
al h.
Prices on some classics are stagnant because there have been no examples of them being sold so no-one knows the real value. If it's not offerred for sale no one can buy it.
In all cases its what the market will bring. I almost bought an MS67 Sac today just because I wanted one...wasit probably worth what I almost spent..It was to the seller!
Seeing I have lost my audience on my last post so forget about it and let me put my theory in a different light.
What is the underlying reason why there are battles between classic coin collecting versus modern coin collecting? I realize there are differences in opinions why one may be better than the other but putting those arguements aside. I want to focus on what benefits or problems the Registry sets have added to the hobby of collecting coins.
Two things that come quickly to mind is the competition and the desire to be #1 with the Registry sets which has driven up the prices for pop 1 coins. If this is true, how then, has it changed our hobby.
This is my opinion and I believe the Registries and the high prices paid for pop 1 coins has lowered the value of under pop coins and ultimately collections that don't compete in the registries. And this may be the reason why classic collectors don't like the modern collectors. Because they get all the attention and believe they are throwing their money away. When they could be collecting the classic coins which may be the better investment with far less risks.
Personally I think everyone would like to see more activity in all grades of coins but how is that possible when the contention is only for pop 1 coins?
So I'm asking, does anyone have or can see a problem with the Registries in this way?
Have the registries increase or decrease the value of your coins and collections since they began?
Or have the prices stayed about the same?
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
I believe that the Registry has had a real effect on the way many of us collect. There seems to be a mind set now, that only the best will do. I know that I am really caught up in this. I really admire collectors like ARCO who are putting together really attractive, original circulated sets of difficult series. If more collectors had that mind set then the prices of circulated graded coins would raise considerably. Once I finish my Registry set I may try to do the same; a full run of XF to AU Barber quarters or halfs would be awesome!
you better get in line waiting for them XF barbers. all of them, especially the quarters and half dollars seem to go from MS to VF in one leap. i don't search relentlessly for them in XF, but i do look and just don't find, at least locally. a nice AU quarter set would be an accomplishment.
al h.