Your expert advice, please. What to do with my MS69 2005 P SMS Ocean View DDO
Russellhome
Posts: 294
After spending a small fortune on 2005 nickel sets going after the 2005 DDO discoveries -- I ended up with a nice little stack of them. There are more than 7 types known -- the stronger ones being covered in Coin World and Numismatic News articles -- and lesser versions (which ANACS still slabs and some people sell them on eBay with invalid references to the NN/CW articles). I sent in the best ones I had and got several MS68 nickels back and one MS69. The MS69 is a strong DDO covered in January issues of CW/NN. It is the 2005 P Ocean In View DDO. I'd love to keep it, but I also need to pay off all of those nickel set purchases on my VISA. My questions are...
1) Is it too early (too new of a discovery) to try and sell it for a decent price?
2) The 2005 P Bison 5c DDO has proved to be somewhat popular. Would you expect the same for the OIV DDO?
3) Any suggestions on how to go about selling it (besides an eBay auction starting at .99 cents)?
Some other factoids to consider...
The strong version (Type I) of the 2005 P DDO Bison has sold well on ebay. ANACS slabbed Type I Bison DDOs have sold dozens of times in recent weeks for as low as $50 in lower MS grades - up to $350 for MS68 slabs. I know of only 4 2005 Bison Type I DDOs that have made MS69. 2 have sold for over $1500 and one is sitting in an eBay store with a $2000 price tag.
The OIV CDDO-002 (which is what I have in MS69) has yet to appear on eBay in an ANACS slab. I don't know why. It could be rarer than the Bison - or perhaps it just has not caught up since it was discovered later. A few have sold raw - in the neighborhood of $35 to $66. As far as I know, I have the only one of this type slabbed MS69 -- but there is also no eBay track record for this type in an ANACS slab.
So one side of me says put it out there and see how it goes -- while the related magazine articles are still somewhat fresh. And the flipside says - wait until others show up in lower grades -- then list the MS69.
Asside from those who have no interest in such modern coins (or varieties in general) - what would you do? Sell it or hold on to it?
1) Is it too early (too new of a discovery) to try and sell it for a decent price?
2) The 2005 P Bison 5c DDO has proved to be somewhat popular. Would you expect the same for the OIV DDO?
3) Any suggestions on how to go about selling it (besides an eBay auction starting at .99 cents)?
Some other factoids to consider...
The strong version (Type I) of the 2005 P DDO Bison has sold well on ebay. ANACS slabbed Type I Bison DDOs have sold dozens of times in recent weeks for as low as $50 in lower MS grades - up to $350 for MS68 slabs. I know of only 4 2005 Bison Type I DDOs that have made MS69. 2 have sold for over $1500 and one is sitting in an eBay store with a $2000 price tag.
The OIV CDDO-002 (which is what I have in MS69) has yet to appear on eBay in an ANACS slab. I don't know why. It could be rarer than the Bison - or perhaps it just has not caught up since it was discovered later. A few have sold raw - in the neighborhood of $35 to $66. As far as I know, I have the only one of this type slabbed MS69 -- but there is also no eBay track record for this type in an ANACS slab.
So one side of me says put it out there and see how it goes -- while the related magazine articles are still somewhat fresh. And the flipside says - wait until others show up in lower grades -- then list the MS69.
Asside from those who have no interest in such modern coins (or varieties in general) - what would you do? Sell it or hold on to it?
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KR
KR
0
Comments
<< <i>If you can get a decent price, I'd sell. It is a comparatively very minor doubled die. >>
exactly...sell while money is there
Go BIG or GO HOME. ©Bill
Is it that much of an Error or Would it or Should it be classified as a Variety.....???????.....................
<< <i>Question.............
Is it that much of an Error or Would it or Should it be classified as a Variety.....???????.....................
I guess that is for the variety collector crowd to decide. It is a recognized Doubled Die. For those who have not seen it, here is the link...
Billy Crawford's Photos - Variety ID 2005-P 5¢ OIV CDDO-002
Ken Potters Photos - Variety ID 2005-P 5¢ OIV VCR#1/DDO#1
John Wexler has also seen this variety and has said it is a DDO, but I have heard yet what ID he has assigned. JT Stanton (The Cherrypickers' Guide) has expressed interest in seeing the 2005 5c DDOs for "possible (likely) inclusion in the next Volume One of The Cherrypickers' Guide" and wants to see them as soon as his current release gets out the door. I don't have all 7 of the authenticated types - but I am seeking them so I can send him all examples in April, when he will have some free time. From what I've read, if a variety makes it into The Cherrypickers' Guide - then NGC will attribute it.
Of course, I am bias since I have a few of these, but I do think these stand a chance of being a highly sought after variety. First of all -- it is not supposed to happen any more with the single squeeze method of creating dies (which started in 1996). It is pretty much assured that any doubled dies from now on are going to be few and far between and the doubling will be less impressive than some of those created prior to this method. The doubling on the 2005 5c DDOs will not knock your socks off like some of the classic Doubled Dies of old -- but there are lots of highly sought after varieties where this is true. Being in the new - one year only - nickels -- and being in the new, lower mintage 'Satin Finish' should assure at least some market for these long into the future. But in the end, will it be a $20 variety or a $200 variety (for say an MS68 DDO) -- only time will tell.
It will take time before these show up in a reference guide. The question is, will interest fade in the mean time? If so, selling now would be best.
KR
<< <i>
<< <i>Question.............
Is it that much of an Error or Would it or Should it be classified as a Variety.....???????.....................
I guess that is for the variety collector crowd to decide. It is a recognized Doubled Die. For those who have not seen it, here is the link...
Billy Crawford's Photos - Variety ID 2005-P 5¢ OIV CDDO-002
Ken Potters Photos - Variety ID 2005-P 5¢ OIV VCR#1/DDO#1
John Wexler has also seen this variety and has said it is a DDO, but I have heard yet what ID he has assigned. JT Stanton (The Cherrypickers' Guide) has expressed interest in seeing the 2005 5c DDOs for "possible (likely) inclusion in the next Volume One of The Cherrypickers' Guide" and wants to see them as soon as his current release gets out the door. I don't have all 7 of the authenticated types - but I am seeking them so I can send him all examples in April, when he will have some free time. From what I've read, if a variety makes it into The Cherrypickers' Guide - then NGC will attribute it.
Of course, I am bias since I have a few of these, but I do think these stand a chance of being a highly sought after variety. First of all -- it is not supposed to happen any more with the single squeeze method of creating dies (which started in 1996). It is pretty much assured that any doubled dies from now on are going to be few and far between and the doubling will be less impressive than some of those created prior to this method. The doubling on the 2005 5c DDOs will not knock your socks off like some of the classic Doubled Dies of old -- but there are lots of highly sought after varieties where this is true. Being in the new - one year only - nickels -- and being in the new, lower mintage 'Satin Finish' should assure at least some market for these long into the future. But in the end, will it be a $20 variety or a $200 variety (for say an MS68 DDO) -- only time will tell.
It will take time before these show up in a reference guide. The question is, will interest fade in the mean time? If so, selling now would be best. >>
As to your mentioning " ... will interest fade in the mean time?" is difficult to predict. The Wisconsin quarter high/low leaf varieties went thru a semi-lull but now demand has exponentially increased (as well as premiums) with collectors. I will be highlighting some of these 2005 5c Bison and OIV DDO's in my upcoming Die Variety News newsletter. Time will tell.
Russ, NCNE