BTW, any POP 8 or less highest grade/second highest grade lincoln reds show up at auction, I am the phone bidder (or floor bidder) you have to bid higher than expected to beat. I promise I will be a nightmare.
Who would want a boring 1960 Jefferson nickel? Not me. But I guess someone else does. This coin collecting ( the high grade/low pops or rarities) is simple economics. The SUPPLY is the same. LOW, and barely moves unless some great discoveries. But the DEMAND is increasing, judging by the prices. The demand has to be growing based on the AMOUNT of coins available to purchase that keep breaking records. Again, I am talking about the high grade/low pops and rarities. I'm not a BULL per say, but like the 1918/7-D MS65 Buffalo - There are only TWO. If you really want one, you have to first wait for it to be available. Then you have to beat everyone else to get it. If you lose, you may, as a collector, have to wait a LOOOONNNGGGG time for one to show up again.
"BTW, Stewart, did you know you could of bought from Wondercoin a 1909-s MS67RD a few years back for about $9,000???"
Llyod - First, Stewart has made it clear that he will not do one dollar in business with me, so, he couldn't have bought the coin from me at any price. However, it is certainly possible he could have purchased it from the source where the collector who sold it to me got the coin from. I think the coin was available for around $5,000 or $6,000 before it was sold to me. But, of course, Stewart can also buy the POP 4 1909(s) Lincoln that was just slabbed in Pittsburgh (and is a lot less money now from what I am told). Or, as you suggest, he can wait for the pop 5 or pop 6 or pop 7
By the way, I loved your 1916 Buffalo nickel. One of the truly spectacular 20th century rarities that exists today. Congrats on your purchase.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
Tom owns that doesn't he??? He said he was going to bring it to Pittsburgh on his second visit to show me, but I never made it back again to see it, if in fact he brought it. All I know is that I don't have the cash to buy that too!!!!!!! (In a PCGS holder).
Stewart, you called me an investor. I'm a collector.
Lloyd- In case you have any second thoughts about the coin, my offer still stands that I made to you after the auction. I would love to own the coin again.
In 1995/1996 Jay Parrino was asking $195,000 for the 1919-D 50c in PCGS MS-66 and $21,000 for the 1921 Jack Lee 50c also in MS-66. I am sure the owner of the GBW collection nabbed the 1919-D at a solid discount from Jay's list price at the time just as I did in 1997 for the 1921 half.
Based on current valuations of these two coins, I expect the 1919-D to sell between $240K and $275K to a dealer. If a collector buys the coin, then it could go higher.
Comments
Llyod - First, Stewart has made it clear that he will not do one dollar in business with me, so, he couldn't have bought the coin from me at any price. However, it is certainly possible he could have purchased it from the source where the collector who sold it to me got the coin from. I think the coin was available for around $5,000 or $6,000 before it was sold to me. But, of course, Stewart can also buy the POP 4 1909(s) Lincoln that was just slabbed in Pittsburgh (and is a lot less money now from what I am told). Or, as you suggest, he can wait for the pop 5 or pop 6 or pop 7
By the way, I loved your 1916 Buffalo nickel. One of the truly spectacular 20th century rarities that exists today. Congrats on your purchase.
Wondercoin
Wasn't an NGC '01-S quarter in MS68 bid up to $500,000 (plus another $50,000 for the then 10% juice) at a Superior auction in May, 1991?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Stewart, you called me an investor. I'm a collector.
My 1866 Philly Mint Set
Based on current valuations of these two coins, I expect the 1919-D to sell between $240K and $275K to a dealer. If a collector buys the coin, then it could go higher.