Where are all the FEC???
VicPortland
Posts: 285 ✭✭✭
I have spent more hours than I would like to admit sifting the web looking for nice Flying Eagle cents. A year and a half to two years ago, I could go to several web sites and find high grade (MS63 or better) FEC for sale. Now, even Eagle Eye only has a few Flying Eagle cents for sale. eBAY has only a few PCGS, NGC or ANACS Flyers on auction and none in MS63 or MS64 (except specialty ones like 1858/57)
Over the past 5 to 10 years has anyone ever seen less higher grade FEC in the market than now???
Over the past 5 to 10 years has anyone ever seen less higher grade FEC in the market than now???
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Gone south for the winter?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
BTW, isn't FEC singular? Not what you meant, right? Hmmm....What would the plural be?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Also seems like those eagles in 64 are migrating to 65 sliders more and more. Find me a true clean 65 and I will buy it. I have about a dozen and have just one in the last 12 months. Many 65s up for auction are borderline, especially the NGCs. Want to see something interesting? Check out the FE pops for 2001-2003 at year end. Look at the growth of "new" coins. It's all resubmissions. I can't recall which date but in MS64 there was a 30% jump in pop. In 65 it was about 20%. These get submitted 3-4x a year. I know a wholesaleer who showed me 2 blue slab boxes of FEs he was cracking out, all 64s and 65s as he was shooting for upgrades. After the show he told me 2 out of almost 50 got upgrades. So in 72 hours he raised the pops by about 50 coins. Shameless.
Also scarce are the 65 Barber Halves. Same issue, many 64s pretending to be 65s, especially in NGC. The nice PCGS 65s are just not out there on the show floor or auctions in numbers greater than 1-2 at a time. One day people will wake up and see how scarece they really are.
<< <i>What would the plural be? >>
FECES?
But seriously, responding to ohbaby's post, it does make one wonder just how many MS63, 64 and 65 FLYING EAGLE CENTS are really in PCGS (and NGC) slabs. I have seen other posts suggesting the pops are overstated by 25 to 50%--maybe they are right. I also agree that NGC grading is not as strict as PCGS at least for FLYING EAGLE CENTS.
Man, I can't imagine having a dozen FLYING EAGLE CENTS in true MS65 condition. I have a few MS64 examples that I am mostly happy with, but don't have the resources to buy any in MS65.
How long ago was it that you ran across one dealer who had that many MS63-MS65 slabbed FLYING EAGLE CENTS at the same time?
Last year when I sold my PCGS-25 1856 FE to purchase an upgrade,(that I passed on becuase it wasnt nice when I recieved it), I had a hard time locating another. Prior to that, 56 FE's were expensive, but seemed to be availble from time to time. Then it seemed like they dried up over night, especially the (S-3's). I had listed mine to sell, to finance the upgrade, and it sold the next day, so then I was with out one. There have been quite a few proofs availble from time to time, but not as many of the s-3, as thier had been previously. I also have seen a lot of problem one's from time to time, still with a hefty price tags!
I finally located a PCGS-58 (s-3) that I really love, and was fortunate to find it, as MS (s-3's) have gotten extremely expensive over the last year or two.
jim