Current Values for 1921 VAM-3 Peace?

moosesr

I have been looking for one of these and thought I won one on Teletrade Auction Link, but it turned out to be a hit on the L and not a raised area. I noticed that the PCGS population is now 17 and thought they might be fairly common. Could someone tell me what one what one of these might sell for in MS62 or MS63?

Thanks,
Charlie

Coxe

I just knew that one was going to get someone when I saw it there. I sent you a PM too on this.

DennisH

The only price I have collected for VAMview is this one:

1921 Peace 3 50 raw Jun-06 E $150

greghansen

In December 2005, Heritage sold an NGC MS65 VAM-3 for $3,220, a price that refelected more than a 50% premium to normal MS65
In June 2005, Heritage sold a PCGS MS65 for $2,700 which at the time was a 30% premium to normal MS65 prices.

The only other prices I have are for Teletrade sales in 2004 where there was no premium, but I think the coins were not identified as VAM-3's so those probably don't count.

The problem with the premium on this coin is not that they are common...far from it, IMO...but rather that the underlying numismatic value of the coin is already so high that the VAM doesn't do that much to increase its value. Kinda a truism in variety collecting, the greater the numismatic value of the normal coin, the less the variety is going to add to its price. I suspect, however, that condition rarities of the VAM-3 will eventually settle in with a very healthy premium. I found my unattributed NGC MS64 VAM-3 at the 2004 FUN show. It was literally the last 1921 I looked at that weekend and I was thrilled to buy it at Greysheet ask, which at the time was $500.

Inditonka

I have a few of them:

PCI AU55 -Non attributed, but sold as VAM-3 (bought a year and a half ago, paid $155 for it)
PCGS AU58 -Non attributed or sold as such, $175 (bought 1yr ago)
ANACS AU58 -Attributed, $200 (bought 3 months ago)
ANACS AU55 Details -Bought raw off of ebay 9 months ago $129 without being sold as a vam-3.