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Stashing No Band Mercs Away.

FairlanemanFairlaneman Posts: 10,424 ✭✭✭✭✭
in PCGS Set Registry Forum
Good idea ? Bad idea ? Will the new registry bring a bunch of these out of the closet and raise the price to a sensible level ? You better get them now because I think the answers are yes to the questions except for Bad idea.

Two new ones that hit the mail box recently.

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Ken

Comments

  • DeepCoinDeepCoin Posts: 2,781 ✭✭✭
    Ken,

    That is a nice looking 25-P. What grade is it? You can never tell from a scan as some of the marks can be in the plastic.

    I am hoping that the price levels for NB coins will remain essentially the same. We shall see.

    Rick
    Retired United States Mint guy, now working on an Everyman Type Set.
  • jbstevenjbsteven Posts: 6,178 ✭
    I have kept a few ms68 no band Mercs for when they make a NB registry. Personally I think they should not allow ANY FB coins in the set but it looks like they will alllow them. Kinda ruins the idea of a NB registry.

  • FairlanemanFairlaneman Posts: 10,424 ✭✭✭✭✭
    Rick

    The picture does sort of look like Poo Poo. Can I make a excuse? Last night I finally got "My" computer going and tried to set up somewhat for picture taking again. Now that I am back at my sister in laws and on her computer it looks like the result was only so so. Anyway the coin is a MS64 NB example that I really believe will go FB at PCGS if I send it in. BTW the 34P is a MS67 NB coin that will do the same at PCGS. The picture of it is plain lousy. Bad effort on my part. image

    JB.......image

    Ken
  • CocoinutCocoinut Posts: 2,512 ✭✭✭✭✭
    It depends on the date. If it's a coin that's plentiful in both FB and non-FB, I wouldn't expect much change for the non-FB's. Scarce dates that command substantial premiums in FB are probably most likely to increase in non-FB. Any date that has an extremely low population in non-FB could also see an increase, as collectors who wish to assemble a true non-FB set try to find them.

    Jim
    Countdown to completion of my Mercury Set: 1 coin. My growing Lincoln Set: Finally completed!
  • DeepCoinDeepCoin Posts: 2,781 ✭✭✭
    Some dates are not readily available in NB, while being plentiful in FB. For example, I turned down the opportunity to buy a 16-P in 67 NB for $1K last year. FB coins were going for $850 +/- at the time. There are a ton of FB coins, but the 67 NB is a pop 1/0 coin.

    I would ask, what is the value of that NB coin today? Clearly there are many FB in 67 and somewhere between 6 and 8 in 68. It does make for an interesting pricing model. At the same time an 18-D in 65 NB is around a $500 coin, while the FB coin is on the moon.

    I am beginning to believe that we need a complete revision of NB coin weights for the series. Perhaps something based upon a CURRENT price guide as a reference to relative not absolute value. Someone posted that comment earlier regarding the weights and I agree completely.

    I also think that we should have a two point penalty for FB coins in the NB registry. Fair is fair.
    Retired United States Mint guy, now working on an Everyman Type Set.
  • jbstevenjbsteven Posts: 6,178 ✭
    I completely agree with you Deep.

    I have pop 2 and pop 3 coins in ms68 which in a NB registry should be more valuable than FB coins.

    RARITY of grade should determine weights.

  • onlyroosiesonlyroosies Posts: 3,300 ✭✭✭✭
    "I have pop 2 and pop 3 coins in ms68 which in a NB registry should be more valuable than FB coins."

    JB, That statement will never hold up as long you are able to use an FB in the same slot. The FB coin will always
    be worth more because it will work in the non-FB registry and the FB registry.

    Nick
  • jbstevenjbsteven Posts: 6,178 ✭
    nick

    maybe I should have clarified that the NB coin should be worth more REGISTRY points in a NB set than a FB coin of the same grade.

    I agree that only NB coins should be allowed in the NB registry.
  • fcloudfcloud Posts: 12,133 ✭✭✭✭
    Tough call on the nb. Maybe a fair way would be to do neg point for fb coins.

    Ken, those two you posted look great.

    President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay

  • haletjhaletj Posts: 2,192 ✭
    You guys are missing the point... The NB registry is for those who don't have the money to afford tough band dates in FB. Of course one would want the best quality affordable which would still be FB coins for easy dates. Why would anyone ever want to put together an all NB set? That doesn't make sense. Also, why would anyone ever pay more for a NB coin than a FB coin (unless the other properties of the coin were much better)?
  • haletjhaletj Posts: 2,192 ✭
    And by the way... yes hoard those nice NB Merc's and sell them to me once I finish my Lincoln set. image
  • DeepCoinDeepCoin Posts: 2,781 ✭✭✭
    Haletj

    I am putting together an all NB set, and have been for a couple of years. In my mind, there are other things besides the bands that attract me about this series. I am much more taken by the obverse of the design.

    Think about what Morgan collecting would be like if you needed full tail feathers for a coin. It is the same to me in the Mercury series.

    The side benefit is that I can get a much nicer collection for far fewer dollars. This makes a lot of sense to me. Other benefits are the incredible Merc collecting community (who by the way, never belittle my choice as you have) who support each other and share the joys of new additions to their sets and root each other on. I wish more of the collectors here would share the same perspective as the Mercateers.

    Retired United States Mint guy, now working on an Everyman Type Set.
  • jbstevenjbsteven Posts: 6,178 ✭
    image
  • haletjhaletj Posts: 2,192 ✭


    << <i>(who by the way, never belittle my choice as you have) >>


    I apologize. I did not mean my statement to come accross like that. Sorry. But I have to ask, if you're buying from a dealer who happens to have a really nice in all aspects common date FB coin, one that basically costs the same in FB or NB, are you really going to pass on it? That is what I meant. Why would someone go for a worse NB coin?
  • ss350camaross350camaro Posts: 4,529
    I'm not a Merc collector but am curious as to what is meant by no bands ?
    In looking at the two Mercs pictured they sure look like they have the bands to me.

    image

  • FairlanemanFairlaneman Posts: 10,424 ✭✭✭✭✭


    << <i>I'm not a Merc collector but am curious as to what is meant by no bands ?
    In looking at the two Mercs pictured they sure look like they have the bands to me.

    image >>



    The two coins are in NGC holders and are graded to the standard that NGC has for a Full Band coin. In their opinion the coins did not meet the standard. The 34P would go Full Band at PCGS IMHO. The 25P is right on the edge. It would be a Maybe at PCGS. Just another little quirk we poor Merc collectors must put up with. image

    Ken
  • marcmoishmarcmoish Posts: 6,305 ✭✭✭✭✭
    I love the 34 - so sweet - it is indeed a FB and a nice strong strike - the 2nd one is probably NB indeed.





    Marc
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