The price for a Monroe at MS-65?

hjohn74

Does this price make sense to anyone? According to the Red Book, the coin had a mintage of approximately 274,077 coins and has a greysheet with a range of $2,480 to $2,720. With such a large quantity, I would expect to see the price a little lower. Any comments?

FC57Coins

Monroe's had horrible strikes, and are often found with lots of bag marks. In addition the coins did not tone well and many were released into circulation, as such, finding an MS65 is a rare event indeed!

Frank

Gemini

A great majority of pieces were placed into circulation at face value when interest waned in them many were carried as pocket pieces and many entered into circulation during the the great depression of 1929 according to Swiateks and Breens book on commemoratives. Resulting in a heavily circulated issue with a lot of sliders.

291fifth

This is another example (much like the 1926 Sesquicentennial half) of a commem that is best bought as a "63" or less. The price differential between "63" and "65" is huge. The coin, even in "65" doesn't look like much. I bought an ANACS "63" of this issue on eBay a few days ago for all of $107.50. The coin appeared to be original. That's all the money I care to devote to this issue.

nucklehead

My girlfriend bought me one for $48.00 in MS63 for my birthday last month at a local coin show.looks pretty nice overall.

BillJones

To me the best collector grade for a Monroe is MS-64. They do exist in that grade, and they are fairly attractive.

Leave the MS-65s to the investor types. The improvement in appearance if there is any is too slight to rate such a premium. I’d give the same advice to someone who is looking for a Sesquicentennial half dollar.