Will gem circs ever bring huge premiums?

MrEureka

Yes, I know gem circs already bring nice premiums, but nothing like those paid for gem uncs.

A 63 and 67 have the same amount of wear, but the 67 is often worth many times as much as the 63. Can you imagine paying MULTIPLES of (average) XF 40 money for a gem (pretty, original, well struck. problem free) XF 40?

Could gem circs be one of the best opportunities out there?

ksteelheader

AU coins are the coins of the future.............Ken

Coinosaurus

Interesting question. What's happening today is that a lot of these gem circs get numerical upgrades from the services. If you have a totally PQ coin with no marks, reasonable lustre, but some rub, then it gets called a 62 instead of a 58, and sells for 62 money. That seems to work for now. But if the premiums on the gem circs get high enough, it's gonna throw this all of out whack.

coinkat

Good question...I think there already is a premium for the right coins. Will it develop and mature the way premiums exist for MS coins? That is likely but only for certain coins such as classic coins and key dates. This premium for choice circs would benefit if the TPGs recognized and designated coins that are original... I've suggested this to PCGS, ANACs and NGC and I've accepted that its not going to happen. This premium concept will evolve...with or without the slab designation.

nwcs

No, they'll never have the same type of premium as gem uncircs for several simple reasons:

1. More people like coins that have never circulated than coins that have
2. Generally there are more circulated coins at a given grade than uncirculated
3. Not enough collectors to push demand for uncircs into the stratosphere to increase pricing pressure on circulated coins
4. The fact that grades have evolved to include more mid-range grades (eg. VF-30, 35, EF 45, AU 53, etc) indicates that there was a premium at a given grade (like vf) to the point where a new grade was established. So that what was once a premium at a grade is now a new grade thus removing the premium divergence from a given specific grade.

Neil

Fairlaneman

In the 20+ years of collecting Merc Dimes the grades under Mint State have moved very little if any. Sure the Keys have shown movement but a coin like the one shown here has did very little. I would have gladly paid MS money for this coin because it is the second best struck 26D I have seen. That includes some coins that were in 65 slabs. So I guess from past experience my answer is no for the period after 1900. Before 1900 the sky just may be the limit as newer collectors venture into that market.



Ken

EVillageProwler

Andy,

Gem circ Bust halves routinely command far more than its technical grade would suggest. JRCS and BHNC folks have no issue with this. At the shows, I see these newbies carrying around their sheets and looking at nice Capped Bust halves. They ask the price, and ask how the dealer can ask well over 60 money for a ChAU coin?

Experienced collectors know that there is much more to a coin than just the technical grade!

EVP

cladking

Many moderns are tough to find nice in unc and even tougher in circ.
Gem circs are likely to command significant premiums eventually.