A fascinating Lazarus thread about Kennedy pricing.
DHeath
Posts: 8,472 ✭✭✭
Way back in Sept. 2002, there was a pretty heated discussion of the relative value of 1995-S Silver Kennedys in PR69 Dcam. At the time, DcamFranklin said the following:
"Russ-
Can you hear the loud laughter all over the country? Members with Proof kennedy knowledge are breaking a rib over you last ridiculous statement about the 1995 Silver kennedy! And you try and tell fellow Members that I am full of crap? Are you kidding me? Quit trying to lie to all our fellow Members. The 1995 Silver kennedy PR-69 DCAM was selling on the Ebay auction for $150+, two years ago. The PCGS population more than doubled the past 2 years to a current Population of 269, with 32 higher. With only 370 total graded, that means that over 81% of the coins submitted to PCGS received a grade of PR-69 DCAM or higher. The price is down to $85 now. What happens when the submitted numbers grow to over 2,000 like the early date kennedy coins? That price goes down faster than the NASDAQ. Telling people the price has doubled over the past 2 years.....man!"
I thought it would be fun to revisit this question. Currently, the pops 764 PR69 Dcams out of 923 submitted, and the average price of the last three sold on TT including juice is a little over $85 per coin. Looks like maybe demand wasn't factored into the expectation of a price collapse.
Old thread.
"Russ-
Can you hear the loud laughter all over the country? Members with Proof kennedy knowledge are breaking a rib over you last ridiculous statement about the 1995 Silver kennedy! And you try and tell fellow Members that I am full of crap? Are you kidding me? Quit trying to lie to all our fellow Members. The 1995 Silver kennedy PR-69 DCAM was selling on the Ebay auction for $150+, two years ago. The PCGS population more than doubled the past 2 years to a current Population of 269, with 32 higher. With only 370 total graded, that means that over 81% of the coins submitted to PCGS received a grade of PR-69 DCAM or higher. The price is down to $85 now. What happens when the submitted numbers grow to over 2,000 like the early date kennedy coins? That price goes down faster than the NASDAQ. Telling people the price has doubled over the past 2 years.....man!"
I thought it would be fun to revisit this question. Currently, the pops 764 PR69 Dcams out of 923 submitted, and the average price of the last three sold on TT including juice is a little over $85 per coin. Looks like maybe demand wasn't factored into the expectation of a price collapse.
Old thread.
Developing theory is what we are meant to do as academic researchers
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and it sets us apart from practitioners and consultants. Gregor
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Russ, NCNE
moderns but they also fail to factor in the fact that at some point in the not distant
future the raw coins will become far more difficult to obtain and the growth in supply
will fall to much lower levels.
We are approaching a point where the raw mint and proof sets becoming available
will be only sufficient to supply the collectors of intact sets. While submissions will
not drop as long as demand grows, future submissions will be of lower grade coins,
not the top pops and high grade gems which are currently being seen.