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This is insane

ms70ms70 Posts: 13,956 ✭✭✭✭✭
No offense, but $2,500 for a 1999 quarter? Give me a break. I could only imagine the truly rare beautiful coins that could be bought with less money than that.

Link to grading hype

Great transactions with oih82w8, JasonGaming, Moose1913.

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Comments

  • ARCOARCO Posts: 4,420 ✭✭✭✭✭
    No scan Either. Can't wait to see that pop number multiply by 100 over the years.

    Tyler
  • lordmarcovanlordmarcovan Posts: 43,662 ✭✭✭✭✭
    I don't care if somebody wants to pay an absurd sum for a modern quarter.

    I just wish people would stop saying "Pop Top".

    This is a pop top:

    image

    As in the Jimmy Buffett Margaritaville song:



    << <i>...Blew out my flipflop, stepped on a pop top
    Cut my heel, had to cruise on back home... >>



    Or, in some cases, a pop top is a camper, like this:

    image




    A coin in at the top of the certified population should be called TOP POP, not "pop top"!

    Gimme a break! *scoff*

    Explore collections of lordmarcovan on CollecOnline, management, safe-keeping, sharing and valuation solution for art piece and collectibles.
  • RussRuss Posts: 48,514 ✭✭✭
    LM,

    Bwuahahahahahahahahahahahahahahahaha!!!!!!!!!

    You earned one.image

    Russ, NCNE
  • ms70ms70 Posts: 13,956 ✭✭✭✭✭
    I think this is what Jimmy Buffett meant by "pop top" as it's more likely to cut your heel:

    image

    Great transactions with oih82w8, JasonGaming, Moose1913.

  • RegistryCoinRegistryCoin Posts: 5,117 ✭✭✭✭
    Lord is absolutely correct. A Top Pop. makes sense. A pop top is completely wrong!
  • wondercoinwondercoin Posts: 16,982 ✭✭✭✭✭
    MS67Plus, a current member here, is a very astute modern coin collector, who I believe is currently building a world class MS state quarter collection. So, let's talk about "pop 3/0" and higher coins for the 20th century:

    1. Numerous Pop "3" early Lincoln cents in MS67RD: roughly $25,000 (where MS66RD of those dates can trade for a thousand or two).

    2. Pop "9" 1926(s) Buffalo nickel in MS65 (where the MS64 can trade under $10,000) - $100,000

    3. Pop 3 or 4 (I forget) 1919(d) Mercury Dime in MS66FB: $100,000 - $200,000

    4. Pop nearly 40 1932(d) Wash Quarter in PCGS-MS65: $20,000++

    5. Pop 3 Franklin Half Dollars in PCGS-MS66FBL: $10,000+++

    6. Pop 4 Lincoln Proof Cent from the 1970's - $11,000+

    7. Pop 5 Lincoln Cents from the 1940's in MS67RD (where the MS66RD trade at roughly $100-$200): $6,000

    8. Pop 4 or 5 Roosevelt Dime from the 1950's: $7500+

    and on and on and on.

    Now, MS67PLUS pays the STAGGERING PRICE OF $2500 for a 1999 first year state quarter, where it took 4 years to produce only the 3rd MS68 example - I say CONGRATULATIONS ED!!!!!

    image

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • lordmarcovanlordmarcovan Posts: 43,662 ✭✭✭✭✭
    I think Jimmy Buffett was talking about the old round pop-tops, or pulltabs, that detached all the way from the can and had that "tongue" on 'em. My kid sister and I were at a swimming pool when we were younger and she cut the hell out of her foot on one.

    That's one reason they were banned. That, and some people would stick 'em inside the can and accidentally drink 'em! (Remember that?)

    Speaking environmentally and from a safety standpoint, they were the invention of Satan. Not a day goes by that those of us in the detector community don't curse the inventor of the round, detachable pulltab. If you melted down all of the ones that are still out there in the ground, you could build a fleet of aircraft. And that doesn't count the squadrillions of modern, rectangular pulltabs that still managed to get detached and find their way into the ground to aggravate detectorists.

    PS for MS67plus: congratulations on your new quarter. I respect your right to collect what you damn well please, without criticism. Too much of that goes on here. It's much more civilized over on the Dark Side.

    Just tell that guy you bought the coin from to quit saying POP TOP!!! image

    Explore collections of lordmarcovan on CollecOnline, management, safe-keeping, sharing and valuation solution for art piece and collectibles.
  • mdwoodsmdwoods Posts: 5,549 ✭✭✭
    I agree with Wondercoin on this. That price will seem a bargain some day. mdwoods
    National Register Of Big Trees

    We'll use our hands and hearts and if we must we'll use our heads.
  • <Or, in some cases, a pop top is a camper, like this>



    Is that a picture of the Lordmarc-o-van? image

    Pennies make dollars, and dollars make slabs!

    ....inflation must be kicking in again this dollar says spend by Dec. 31 2004!

    Erik
  • The other thing that concerns me, along with no picture, is this:

    "Sale is final. Seller will subsidize cost of PCGS Guarantee Resubmission service if requested."

    Doesn't do much for my confidence level in ANY seller, member of the forum or not.

    image
    We are finite beings, limited in all our powers, and, hence, our conclusions are not only relative, but they should ever be held subject to correction. Positive assurance is unattainable. The dogmatist is the only one who claims to possess absolute certainty.

    First POTD 9/19/05!!

  • cladkingcladking Posts: 28,701 ✭✭✭✭✭


    << <i>No offense, but $2,500 for a 1999 quarter? Give me a break. I could only imagine the truly rare beautiful coins that could be bought with less money than that. >>



    If you collected states quarters, clad quarters, NJ memorabilia, coins with boats,
    bimetallic coins, moderns, George Washington items, or first year issues of US coins
    then you just might believe that this is a

    << <i>truly rare beautiful coin >>

    . That you
    have no interest does not matter to the buyer or seller or the bulk of the 117,000,000
    people who collect states quarters. That the population may go up over the years is
    of little significance if the demand increases a thousand fold or ten thousand fold.

    There is certainly some logic to claiming a price such as this is speculative. It does not
    have a long track record. One cannot look up the scarcity of this coin in the latest issue
    of the new States Quarters Book. There is no condition census being updated monthly
    in the States Quarters Collector's society. But the fact remains that many thousands of
    people have been searching these coins for several years now and have found three of
    them. These people have searched in places where they expect to find superior examples,
    they have looked where they found concentrations of gems- - and they've found three of
    them. While part of speculation may well be the ability to lose large percentages of an in-
    vestment very quickly the other side of speculation is the ability to make many multiples of
    your money very quickly. Ask yourself this: What was this coin worth in 1999? What is the
    return thus far?

    While the price may be speculative, what most assuredly is not speculative is the amount
    of fun collectors are having pursuing these coins at every level from circulating to superb.
    Tempus fugit.


  • << <i>Ask yourself this: What was this coin worth in 1999? What is the
    return thus far? >>



    What is this coin worth outside of it's PCGS MS68 holder in 2003? As a seller, would it be possible to sell this coin raw as an MS68? For $2,500?

    Andy image
    We are finite beings, limited in all our powers, and, hence, our conclusions are not only relative, but they should ever be held subject to correction. Positive assurance is unattainable. The dogmatist is the only one who claims to possess absolute certainty.

    First POTD 9/19/05!!

  • wondercoinwondercoin Posts: 16,982 ✭✭✭✭✭
    "What is this coin worth outside of it's PCGS MS68 holder in 2003?"

    The same question could be asked of nearly any of the examples I gave in my prior post image

    I will buy nearly all PCGS-MS67 - MS69 STATE QUARTERS SIGHT-UNSEEN - just PM me. IMHO, it is one of the more accurately graded series out there due to the fact that one specific grader at PCGS has slabbed nearly all the key date coins thus far. Consistency is an understatement IMHO overall. Of course, there is always a "dog" or two" out there in any series, but, that is the thing with buying them sight-unseen - you will get a dog or two and will also get a few that might upgrade. Overall, I have purchased nearly 80%-90% of my PCGS MS state quarters sight-unseen for the past 4 years and my offer still stands image

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • cladkingcladking Posts: 28,701 ✭✭✭✭✭


    << <i>
    What is this coin worth outside of it's PCGS MS68 holder in 2003? As a seller, would it be possible to sell this coin raw as an MS68? For $2,500? >>



    There is a difference between a superb gem, a gem, and a choice coin
    and there are those who can spot this difference whether the coin is
    in the best holder or the worst holder or a 2X2.

    While it's value is likely a significant percentage of it's MS-68 price even
    outside the holder, even if it isn't the return thus far is little short of stellar.

    1,000,000% in four years if you keep it in the holder! This is nearly as much
    fun as collecting them!!

    Tempus fugit.
  • ms70ms70 Posts: 13,956 ✭✭✭✭✭


    << <i>What is this coin worth outside of it's PCGS MS68 holder in 2003? As a seller, would it be possible to sell this coin raw as an MS68? For $2,500?

    Andy image >>



    Exactly. It's a coin worth 25 cents in a $2,500 piece of plastic. Some people here seem offended that I have an opinion different than theirs, but too bad. Last time I checked the forums were for discussing coin collecting. I'm not criticizing the buyer- that's his money to spend. My point is there's a bit too much hype on the registry fad & I think people are being sucked into it like an addiction. I hardly see how a 1999 quarter could be considered part of a "world class" collection as someone here put it. The difference between MS66, 67 & 68 isn't that much when you consider that 68 coin could be in a 67 or less holder on another day. Remember this- The mint didn't make it an MS68, PCGS did.

    Great transactions with oih82w8, JasonGaming, Moose1913.

  • I was one of the biggest critics of these kinds of coins at these kind of prices when I first joined the forum, and Lord (big L no marcovan) knows that they are about as diametrically opposed to my area of specialty - colonials - as you can get.

    Now, months later and having watched the market for these coins for a bit, I do understand that there is a business here and that while paying $2495 may seem crazy to me, and you, the buyer will very likely flip this coin and profit from it.

    From that standpoint, I'm not sure this is any less crazy than someone resubmitting their Morgan's 23 times to try to get that bump from 63 to 64, as that is done for 'business' reasons as well.

    Would I choose to collect gem moderns? No.

    Do I think they are really 'rare'? No, but thats not always the indicator of value in numismatics.

    Do I think they will multiply in number? If they are commanding these prices, they will multiply in number, and people will be furiously sifting through nickels across the country looking for good ones.

    Seems to me the people dealing in this stuff are speculators as opposed to 'hold 'em long term collectors'.



    Singapore
  • MadMartyMadMarty Posts: 16,697 ✭✭✭


    << <i>I think Jimmy Buffett was talking about the old round pop-tops, or pulltabs, that detached all the way from the can and had that "tongue" on 'em. My kid sister and I were at a swimming pool when we were younger and she cut the hell out of her foot on one.

    That's one reason they were banned. That, and some people would stick 'em inside the can and accidentally drink 'em! (Remember that?) >>



    Lord M. is correct, it was a pull tab type pop top!
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • cladkingcladking Posts: 28,701 ✭✭✭✭✭


    << <i>

    Exactly. It's a coin worth 25 cents in a $2,500 piece of plastic. Some people here seem offended that I have an opinion different than theirs, but too bad. Last time I checked the forums were for discussing coin collecting. I'm not criticizing the buyer- that's his money to spend. My point is there's a bit too much hype on the registry fad & I think people are being sucked into it like an addiction. I hardly see how a 1999 quarter could be considered part of a "world class" collection as someone here put it. The difference between MS66, 67 & 68 isn't that much when you consider that 68 coin could be in a 67 or less holder on another day. Remember this- The mint didn't make it an MS68, PCGS did. >>



    Please, the next time you break an MS-68 NJ out of the holder offer it to me. I'll
    promise to not only pay postage but give you at least a few hundred percent
    more than what you apparently believe it's worth. This offer is open even if the
    coin was in the "wrong" holder.

    I'm hardly offended by your opinions. That you don't see value or rarity in these
    coins proportionate to the price says far more about your interests and knowledge
    than it says about the coins or those who collect them. That you see a value in
    bashing such coins says far more about your perspective and the perspective of
    many in the hobby than it does about the interest in, value, or importance of these
    coins. Indeed, the frequent modern bashing tends to highlight such coins even more
    than the passion of those who collect them.


    Tempus fugit.
  • Let me see. 1999 State Quarter $2500.00 or 1909S VDB MS66 Penny RB $2500.00
    DUUUUUUUUUUUUUUUUUUUUUUH!!image
    Glenn
  • Jonesy-good example, I think I would put that much money toward's a nice older coin that is harder to find in higher grades and would have more potential buyers down the road. If the new quarters were priced lower then ok, and I know it takes looking thru a lot of coins to find a high quality coin, what with the quality of business strikes the mint is making. Prices could level off in years to come and they might increase in years to come, but I am taking a wait and see attitude and like the fact that older coins have already had the years pass by determining their value. Don't get me wrong anyone can do what they want with their hard earned money and I will still submit and try to make high grade moderns to put in my collection but will not pay an arm and a gonad for one. I understand that you dont see alot of high grade moderns but time will tell and one can look at several coins in the past few years that were selling at premiums and have now leveled off, and I notice that really to get some of this mad money on modern high grades one has to sell now while the market is here instead of waiting 5 years hoping the value triples. Sorry to ramble on. In the end everyone collect what you want!image

    Pennies make dollars, and dollars make slabs!

    ....inflation must be kicking in again this dollar says spend by Dec. 31 2004!

    Erik
  • roadrunnerroadrunner Posts: 28,310 ✭✭✭✭✭
    While PCGS has indeed made some 68's they have also seen a number of 67+ or 67++ coins that they placed in 67 holders. Wasn't it Supercoin's analysis that showed the grading distribution on slabs where the higher a coin fell, the more likely that it is low end?

    I think it's a little presumptious that because of a single modern coin grader that we can all be assured of unflagging accuracy and consistency with PCGS moderns. Let's get real. No one has all the answers all the time...in any area of coin grading. Experts disagree consistently. The difference between the 68 and a 67++ is minute to say the least and to say we can differentiate between that 100% or even 90% of the time is a stretch. This goes for classics as well as moderns. I just don't buy the fact that modern coin grading is dead-on at PCGS but all other areas are not just because of one man. Then why doesn't DH find those classic experts to make classic grading dead-on too? Aren't Morgan dollars easy enough to grade. Those don't come close to having 100% consistency. Try 85-95% at best...and that's with multiple graders

    Politics as well as the variables in the human conditions is at play in both classics and modern grading. PCGS has marching orders not to grade too many high grade rarities...or at least far less than NGC. It could be a MS 68 Barber quarter or a 1999 MS 68 state quarter.
    Each state/mint of the 1999 quarter has about 1000 pieces graded, certainly many times that have been looked through, maybe 1-5% or less of the original mintages. Nearly 13,000 Barber quarters have been seen by PCGS with probably 20-40% of the remaining mint state coins having been seen (NGC has seen a similar %). Less than 10 at PCGS have been graded MS 68.

    State quarter slabbing and collecting is still very young. Let's give it a little more time. Who knows, at some point PCGS may lower their standard for whatever reason. Maybe they'll cease to exist under their current format. The effect on grading and pricing would be substantial.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • Let the registry fanatics pay 2500.00 for a quarter which has 5c worth of metal in it. This fad was started by the two major grading companies and for a good reason. They are the ones who make money on people sending in these worthless quarters. As for me I will pay 2500 dollars for a common date St Gaudens in PCGS 66. Ten years from now this coin will be worth at least that much if not a lot more. I would bet the quarter will be worth a lot less than 2500.00. I would put serious money on that bet. image
    In an insane society, a sane person will appear to be insane.
  • AMEN! Eagle 7.image
    Glenn
  • ARCOARCO Posts: 4,420 ✭✭✭✭✭
    I think this post has less to do with "bashing" and is more in line with confused amazement. People may collect what they wish and surely those collectors willing to pay big money for the highest graded coins understand the market intimately.

    I guess from many collectors perspective the wonder is due to many aspects of the situation.

    Firstly - The MS68 grade can only be given and given respect by one entity! Not the collector, any dealer, or any other single human no matter how experienced. The MS68 grade can only be given by PCGS to have the collector respect necessary to buy and subsequently sell at those ultra premiums. If it fails to make the high grade it is only useful as money for a gumball machine. Is it possible this coin if offered raw on Heritage and touted as MS68 by anybody could have fetched that price? Well maybe Julian or Cladking, but besides those two, no way! image

    secondly - In four years only three MS 68's have been realized. Now this is due greatly to how little the mint protects its product as it is coming off the presses and readied for the banks. Surely the mint destroys most chances of ultra high grades thanks to their cavalier attitude about quality. Nonetheless, Hundreds of millions of these coins have been minted, millions upon millions of them have been pulled and saved by the estimated 120 million collectors now collecting them. I believe that only an infintesimely small portion of them know or care about the "slabbing game". 99% of those collectors will never know that a MS68 fetched $2500 (I didn't until I saw it here, and I consider myself relatively informed concerning numismatics). Therefore there won't be a stampede to submit to the grading services anytime soon by the millions of kids, parents, or whomever is holding these coins singly and in rolls.

    Lastly - The rarity is rare only from one perspective given by PCGS. Imagine if Beanie Babies were graded based on the number of ticks on the glass eyes. Those with no ticks were sold at huge premiums and those with ticks were sold like they are now...with no value whatsoever. Beanie babies are not valuable because there are millions of them everywhere.

    At this early stage it is all about the odds, and the odds are stacked against the buyer that many more 68 grades won't occur. Only time will tell!

    Tyler
  • wondercoinwondercoin Posts: 16,982 ✭✭✭✭✭
    "Let me see. 1999 State Quarter $2500.00 or 1909S VDB MS66 Penny RB $2500.00 DUUUUUUUUUUUUUUUUUUUUUUH!!
    Glenn"

    Let's see, a 1999 NJ Quarter in the incredible grade of MS68 for $2500 or a 1909S VDB in MS67RD at $40,000.00. DUUUUUUUUUH!
    Boy, what I could do with the extra $37,500!!!



    image

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • fishcookerfishcooker Posts: 3,446 ✭✭


    If there have been only 3 coins graded this high in 4 years, why do you think dozens or hundreds will

    magically appear in the future. Obviously the Mint and Fed storages are empty. Where will future ones

    come from?
  • Assuming that

    << <i>117,000,000 people collect states quarters >>

    the possiblity that

    << <i>the demand increases a thousand fold or ten thousand fold >>

    is pretty mind-blowing.imageimageimage
    Roy


    image
  • darktonedarktone Posts: 8,437 ✭✭✭
    How many of these quarters did they make? 300,000,000? and how many were certified by PCGS? a 1,000? This is just plain stupidity to spend this much money on a coin like this and at best a high risk gamble that out of the the remaining 299,999,000 only a couple more will grade this high. This is just so ridiculous it really reminds me of the beanie baby craze. I mean no disrespect to collectors of modern coins but this is too much. mike
  • wondercoinwondercoin Posts: 16,982 ✭✭✭✭✭
    Incidently, the fact that I can UNDERSTAND the purchase of $2500 for a NJ state quarter in MS68, does not mean I want to own one, nor do I want to own the 1926(s) Buffalo nickel I wrote about at $100,000+, or the 1919(d) Mercury Dime at $100,000+, or even the 1909svdb in MS67RD at $40,000!

    My last personal purchase (this week) was an 1882 "Transitional" Liberty Nickel proof in top PCGS grade STRUCK IN COPPER, where roughly a couple dozen specimens were struck by the mint back in 1882 (thanks again, Rick Kay). I paid less than $5,000. So, I basically got a coin that should finally get included in the Red Book either this Summer or next (or the Summer after that) where around 25 specimens were ever struck for less than $5,000. Meanwhile, collectors "battle it out" for 1926(s) nickels at $100,000 (where the pop in top grade is already 9 or 10 coins) !! MY POINT IS IF YOU LOVE WHAT YOU COLLECT, YOU CAN ALWAYS BUILD A CASE AGAINST WHAT THE OTHER "STUPID PEOPLE" ARE BUYING. Heck, why would anyone pay $11,500.00 for a 1971(s) Lincoln Cent in PR69DCAM or $20,000 for a 1932(d) quarter in MS65 when they could own an 1882 Proof Liberty nickel (REMEMBER THEY STARTED PRODUCING THEM FOR THE COUNTRY IN 1883) struck in copper in top grade for $5,000!!?? Care to talk about "insane".

    image

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • Yes, it is.

    The only really sane move is to put your money into coin books and read about them, go to coin shows and have a nice look at them, and talk about them on forums like these.

    The second you pull out your wallet or your check book and are willing to pay hard earned money for any coin, IMO you have made an insane choice.

    I must be insane!
  • If he can afford it, let him buy it!! I think a bit high, but this gentleman knows the market very well and may be right on the mark.
    PCGS sets under The Thomas Collections. Modern Commemoratives @ NGC under "One Coin at a Time". USMC Active 1966 thru 1970" The real War.
  • I am INSANE!!!imageimageimage
    Glenn
  • OuthaulOuthaul Posts: 7,440 ✭✭✭✭✭
    WOW! Twenty-five hundred bucks for a clad quarter! How many ways can you spell S-U-C-K-E-R?

    Just my opinion.

    Cheers,

    Bob
  • FatManFatMan Posts: 8,977
    A capable collector has made an informed decision to purchase this coin. I am sure he knows what he is doing. He may place the coin right back on the market and make a pretty profit. He may hold the coin for years and make a pretty profit as few more are ever made. Who are we to know the future more than he.

    Of course the reverse could occur in either situation. The free market system is full of risk.

    I do agree that he has probably made a larger investment in the plastic than the coin itself, but that is often a reality in today's market. I collect many certified moderns and I recognize that the people who have the greatest influence on the fair market value of my collection are the folks at PCGS and NGC. A loosening of the grading standard by PCGS will be catastrophic to the value of this coin. I recall several months ago David Hall proclaimed that he thought that 2% of the modern proofs were 70's. Prior to his statement, 70's hardly existed in PCGS slabs. In the past months since his statement there seem to be 70's everywhere. And of course, prices are falling.
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>I think I would put that much money toward's a nice older coin that is harder to find in higher grades >>



    I'd buy 1964 proof sets!

    Come on, people, it ain't your money. Why get so riled up about it? In this case, you can't fall back on the "I'm just trying to protect the newbie" argument. The buyer is a very experienced collector. He knows what he's doing, and he's probably having fun with his money. Shame on him!

    Would I pay $2500 for a state quarter? Hell no. Personally, they just don't do anything for me. Of course, I wouldn't pay that kind of money even for the greatest coin of all time: The Accented Hair! (More fun to find them and submit them).

    Lighten up and let people collect what they like.

    PS: This isn't even the highest price paid for a state quarter. One sold last summer for over $5 grand.

    Russ, NCNE
  • MrEurekaMrEureka Posts: 24,332 ✭✭✭✭✭
    I will buy nearly all PCGS-MS67 - MS69 STATE QUARTERS SIGHT-UNSEEN

    Mitch -

    If you're really willing to bid s/u on modern coins, you should do it on Eureka. Call me and I'll make you an offer you can't refuse!
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • CoulportCoulport Posts: 1,087 ✭✭✭
    Do you get the feeling that someone who is trying to justify the price of this common modern is just defending his turf?
    The most money I made are on coins I haven't sold.

    Got quoins?
  • roadrunnerroadrunner Posts: 28,310 ✭✭✭✭✭
    It's ok for someone to buy what they want. No problem with. I just get a little twisted when the pop reports are used for ammunition. In this case a 1000 coins graded out of the entire orig mintage of which 99% still exists, the majority as bagged from the mint.

    Wondercoins pattern nickels make lots of sense. Many 20th century series have been pushed up too dramatically. It's not going to go on for years. How long did beany babies get pushed up for?
    My wife owned just one of those and had it on the package tray in her car until someone told her how "rare" it was and offered $200. Sold.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • OuthaulOuthaul Posts: 7,440 ✭✭✭✭✭


    << <i>Do you get the feeling that someone who is trying to justify the price of this common modern is just defending his turf? >>



    I agree, but I also should temper my original post along the point Russ makes...live and let live. I do classic commems, there are lots of people who wouldn't touch them. Whateverfloatsyerboat!

    Cheers,

    Bob
  • cladkingcladking Posts: 28,701 ✭✭✭✭✭


    << <i>Let me see. 1999 State Quarter $2500.00 or 1909S VDB MS66 Penny RB $2500.00
    DUUUUUUUUUUUUUUUUUUUUUUH!!
    >>




    The only thing that makes an MS-66 '09-Svdb valuable is the fact hat many people
    collect Lincolns by date. Type collectors will normally buy a cheaper coin for their
    sets or a Philly vdb. People have treasured the '09-S vdb since the day it was is-
    sued. And well they should, it is an interesting and historic coin desired by many people
    and available in limited quantity. But try finding some of the modern cents in high grade
    to complete the Lincoln collection. Guess what. People were so busy treasuring the '09
    that they forgot the series didn't end. They didn't save some of the common coins in the
    same grade. Look at the pops of some of the Lincolns from the 70's!!! If you don't like
    moderns that's fine, but there are new collectors everyday and some of them do like mod-
    erns. Some are putting down money to acquire these coins, and when they do they don't
    come cheap. Others are searching the rapidly dwindling supplies of mint sets and proof
    sets and getting the coins on the cheap. These may not be as cheap as you thnk though.
    It costs money and effort to drive around looking for sets to check and when you finally
    find a nice one the dealer will not be inclined to sell it for face value.

    Go ahead and act as though the US discontinued coinage production in 1965. Those of us
    who know otherwise are enjoying the chase where ever we find it.
    Tempus fugit.
  • Hey! I said I was Insane!!!imageimage
    Glenn
  • wondercoinwondercoin Posts: 16,982 ✭✭✭✭✭
    "Do you get the feeling that someone who is trying to justify the price of this common modern is just defending his turf? >>"

    Not sure if this comment is directed at me, but (if it is), one usually does not "defend his turf" by stating that he would personally NOT buy the coin in question and is, instead, buying 19th century pattern nickels because the values appear so darn compelling (at least to me and Roadrunner).

    image

    Wondercoin

    PS: Andy - I will PM you today.
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • cladkingcladking Posts: 28,701 ✭✭✭✭✭


    << <i>Let the registry fanatics pay 2500.00 for a quarter which has 5c worth of metal in it. This fad was started by the two major grading companies and for a good reason. They are the ones who make money on people sending in these worthless quarters. As for me I will pay 2500 dollars for a common date St Gaudens in PCGS 66. Ten years from now this coin will be worth at least that much if not a lot more. I would bet the quarter will be worth a lot less than 2500.00. I would put serious money on that bet. image >>



    Does it really make more cents to pay over a million dollars for an 1804 silver dollar
    with $4 worth of silver in it? The risk on the quarter is only $2,499.96. ...or $2500
    for an MS-66 09-Svdb with only one cents worth of copper in it?

    As far as the grading companies starting this, nothing could be farther from the truth.
    These coins were sent in by collectors and dealers to facilitate trading in them. The
    price guides wouldn't even list prices for them until recently. Even now some of the
    guides list absurdly low prices for some of these coins. The hobby has been dragged
    kicking and screaming into the 21st century. ...but they were dragged by collectors
    not third party graders, hypesters, or the hobby press.
    Tempus fugit.
  • cladkingcladking Posts: 28,701 ✭✭✭✭✭


    << <i>Assuming that

    << <i>117,000,000 people collect states quarters >>

    the possiblity that

    << <i>the demand increases a thousand fold or ten thousand fold >>

    is pretty mind-blowing. >>






    117,000,000 people collect states quarters. While many are looking for
    the best coin they can find, relatively few will pursue the coins in the highest
    grades either slabbed or raw. There are probably no more than several
    dozen collectors who are seeking the coins in the highest grade they can afford.
    This number could multiply many fold.
    Tempus fugit.
  • cladkingcladking Posts: 28,701 ✭✭✭✭✭


    << <i>How many of these quarters did they make? 300,000,000? and how many were certified by PCGS? a 1,000? This is just plain stupidity to spend this much money on a coin like this and at best a high risk gamble that out of the the remaining 299,999,000 only a couple more will grade this high. This is just so ridiculous it really reminds me of the beanie baby craze. I mean no disrespect to collectors of modern coins but this is too much. mike >>



    Surely you realize that the 1000 coins sent in were not selected randomly
    from rolls, mint sets, and circulation. A significant if not large percentage of
    the 50,000,000 coins saved from circulation have been checked for gems to
    submit. Probably nearly a third of the mint sets have been checked and this
    is the largest traditional source of high grade moderns.
    Tempus fugit.
  • I know three guys at my job that collects State Quarters. I saw one slam an Alabama in his half filled plastic baggie with the others. image
    Glenn
  • dragondragon Posts: 4,548 ✭✭
    eagle7,

    NOBODY, including you could possibly have the remotest clue what an MS66 Saint will be worth in 10 years, nor could you possibly have any clue what any moderns will be worth in 10 years, it's just wild and baseless speculation on your part. And also, if you think moderns are common and overpriced, check the PCGS and NGC pop. reports for common date MS63 through MS66 Saints, these ain't exactly rare coins by ANY stretch, they exist in the hundreds of thousands.

    dragon
  • cladkingcladking Posts: 28,701 ✭✭✭✭✭


    << <i>Hey! I said I was Insane!!!imageimage
    Glenn >>



    I'd have said I am also, but assumed it was understood.image
    Tempus fugit.
  • CladKing, Buffalo nickels are Clads without the center.image
    Were on the same side.image
    Glenn
  • RKKayRKKay Posts: 3,017 ✭✭✭
    As a followup to Wondercoin's post on the J-1691, here is one, though not the same coin.

    Edited to show better pictures.

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