It's Cheaper Just to Buy Them Rather than "Make" Them.
braddick
Posts: 23,974 ✭✭✭✭✭
For the last week or so I've been on the hunt, somewhat casually, for CAMEO and DEEP CAMEO early Kennedy halves.
I've come up with these over the last few days:
NGC PR68 1964 AH. $50.
NGC PR69 CAM 1964. $40.
NGC SMS66 CAM. $80. 1965
NGC SMS66 CAM. $40. 1966
NGC SMS66 CAM. $40. 1967
Last, but not least, Teletrade lot of four 1964's. $120.
So, for less than $400.00 I purchased, within the last few days, Kennedys that I imagine would require tons of sets to go through and locate. I know the fun is in the hunt, but I doubt the original submitters of the above coins, after purchasing the various sets (plus the losers) plus grading fees (and, eBay and Teletrade fees) make out really.
I've come up with these over the last few days:
NGC PR68 1964 AH. $50.
NGC PR69 CAM 1964. $40.
NGC SMS66 CAM. $80. 1965
NGC SMS66 CAM. $40. 1966
NGC SMS66 CAM. $40. 1967
Last, but not least, Teletrade lot of four 1964's. $120.
So, for less than $400.00 I purchased, within the last few days, Kennedys that I imagine would require tons of sets to go through and locate. I know the fun is in the hunt, but I doubt the original submitters of the above coins, after purchasing the various sets (plus the losers) plus grading fees (and, eBay and Teletrade fees) make out really.
peacockcoins
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Obscurum per obscurius
And, before you tell me it was too far, a couple of guys showed up from way north (TRUTH).
peacockcoins
BTW, I stopped by the Old Mint in San Francisco to take some pictures. The historical markers are gone and the front door smells like pee.
Obscurum per obscurius
<< <i>Actually, I was way up north in Truthville when you guys were partying. On Saturday I was on my way back from San Francisco. We drove down to Monterey, then took PCH down to San Simeon for the night. What a drive! BTW, I stopped by the Old Mint in San Francisco to take some pictures. The historical markers are gone and the front door smells like pee.
Ironically, the same can be said for the party venue!
peacockcoins
<< <i>BTW, I stopped by the Old Mint in San Francisco to take some pictures. The historical markers are gone and the front door smells like pee.
Come on up and check out the Carson City Mint. The markers are there and we lynch anyone that pees on the porch.
Ok, ok, maybe just a night in the drunk tank, but you get the idea.
Aerospace Structures Engineer
<< <i>Nice work Braddick. But if you hunted you could have gotten all of that for $60. No need to grade them if they are for your personal set. Besides I noticed you didn't get the AH in cam or dcam so you are not quite complete. The AH's seem kind of common to me but not in cam and dcam. I have yet to find one. Either way nice scores. You got pretty good prices. But it's the hunt that's fun. >>
That was last week's haul: NGC PR68 CAM 1964 AH. $42.
peacockcoins
Aerospace Structures Engineer
I picked this one off of Teletrade last week.
And This one Too.
This One I know I paid too much, but wanted it for a grading set.
Unless you turn up one of these in DCAM (UltraCAM) they're somewhat common, even in MS67 grade/Cameo.
peacockcoins
Circulating coinage is in a different class, but I think you're both right. I agree it can be unbelievably difficult to find some business strikes that are pristine coins, and the only way to "get" one may very well be to "make" one. They may be conditionally rare, but I really dig such coins. Isn't that the same thing with certain deep cameo proofs? I think it is.
And when you examine what braddick says, your comments are analogous: proof DCAM/UCAM coins are akin to the MS68s and 69s of circulating coinage. They are tough to locate and require diligence. When you sink below this rarified air, the coins become more common -- and perhaps the market prices are reflecting this. Just ask anyone (me) who gets back MS66s on a modern business strike: the market just kills the price of those kinds of "average" coins.
and came dang close to being super far ahead with a dang near FS 68-D worth easily over $10K.
And what happens if you don't make that coin? Seems to me your financial batting average goes down -- and down significantly, right?
<< <i>
And when you examine what braddick says, your comments are analogous: proof DCAM/UCAM coins are akin to the MS68s and 69s of circulating coinage. They are tough to locate and require diligence. When you sink below this rarified air, the coins become more common -- and perhaps the market prices are reflecting this. Just ask anyone (me) who gets back MS66s on a modern business strike: the market just kills the price of those kinds of "average" coins.
>>
You've touched on something here that a lot of people are missing; these "average" coins
are cheap only because the demand for quality business strike moderns is very poor. MS-66
coins are simply not common. Even if all the mint sets and rolls that were ever made still ex-
isted and were submitted some of these coins would still be very elusive in these "average"
grades.
Perhaps the demand for these coins will never materialize but with the numbers of people
collecting coins from pocket change now exceeding the number of traditional collectors, it
would seem to be likely. Whether they do or not is really of little consequence to the collect-
ors who are already seeking such coins since their payoff is in the education they are deriving
from the pursuit of these coins.
Camelot
<< <i>Hey, Shiro! Where were you yesterday for the annual Coin Party?! You missed out on some great eats along with lot viewing of the most outrageous toned PCGS and NGC Morgans on the planet.
And, before you tell me it was too far, a couple of guys showed up from way north (TRUTH). >>
They're actually held twice a year but Braddick only comes to one.
-JamminJ