Why does the 1926 Sesqui commem bring so much in MS 65?

BigE

It has a pop of over 160 in 65 and 8 or so higher. There are plenty of other early commems that have lower pops and sell for way less!----------BigE

hjohn74

I wish I knew. I had a similar post concerning the price for a Monroe in MS-65.

Higashiyama

The price of the Sesqui in MS65 is very much a reflection of the fact that collectors are willing to pay big bucks for plastic. As you have noticed, there is a huge price jump between MS64 and MS65 examples, whether the services is PCGS or NGC. If you look at transactions, there are many sales in the $ 400 - 500 range, and transactions in the $ 3000 - 5000 range, but you will rarely find a Sesqui sold for around, say, $ 1500.

In fact, the quality of coins is a continuum. The number on the plastic is significantly driving the price.

Unless you are looking for one of the finest few known, you should look for a PQ 64 specimen.


(Edited to add - BigE - in terms of MS65 population, as a type coin I believe the Sesqui is the lowest)

BillJones

The Sesqui does not hardly exist in MS-65 or higher regardless of what it says on the slab. The sight seen bid is $4,100. The sight unseen bids are $2,100 for PCGS and $1,500 for NGC. That's quite a gap.

I dare say that the Blue Sheets bids would be lower if it were not for the collectors who want a top graded coin for their registry sets.

coinguy1

BigE, according to the October 2003 PCGS Population Report, (if I did my math correctly) only nine classic silver commemorative issues have MS65 populations lower than that of the Sesqui.

Of those nine, four are Arkansas's which are often collected by type, rather than date. Three of the others are Washington Carver's, which are also often collected for type. Out of respect for certain forum members, I wont comment on the ugliness of the issues I just mentioned.

That leaves the Grant Star and Missouri, each of which has counterparts (those being the Grant and Missouri 2X4).

The Sesqui (MS 65 PCGS pop. of 161) bids at $4100 on (my October 3) CDN, while the Grant Star (MS65 PCGS pop. of 128) lists at $5900 and the Missouri (MS65 PCGS pop. of 152), $4400.

Sure, there are other factors that can be taken into account, such as popularity, populations and prices for both lower and higher grade examples, etc. But, I think the scarcity of the Sesqui easily justifies its price, relative to other issues in the series.

BigE

Thanks to the above experts for explaining this. I do feel better now. BTW Mark, is it true that those Washington/Carvers turned out so ugly because they were struck on Franklin planchets------------------BigE

coinguy1

BigE, out of respect for the same un-named forum members I alluded to, I respectfully decline to answer your question.

ClausUrch

It is little wonder that so many knowledgable and informative members of this board are self-imposing themselves in exile to the Darkside!

Clankeye

Coinguy1 one---

That reminds me of one of my favorite tabloid headlines---

COIN DEALER'S BODY FOUND IN LANDFILL -- PUT BACK


And BigE--

Don't encourage him. He needs rest. Plenty of rest.


Clankeye

BigE

OK Clank, I don't frequent landfills anyway so I probably won't disturb him---------BigE

scher

ccome on "e" pay the price and quit cryin..( just kidding)..i agree with mark.. total population is sure low and it is real hard to find nice examples..that nice example part can be said about the monroe as well..nice coins go for big bucks and these guys are pretty rare..
bruce scher

BigE

<-------------------------BigE

coinkat

Clankeye:

A very funny comment... glad I am not a coin dealer...

Clankeye

Did I need to use a Coinkat?

Clankeye