why i'll pay $150 for a 2004-p peace nickel
larrynj
Posts: 535 ✭
i picked up a pcgs-65 2004-p peace nickel from e-bay to plug a hole in my set a while back. 66's go for $100-$150. and this was maybe $18. with postage. rather than buy a 66, i bought a 17 roll lot of obw's last week (also on e-bay) for $145. i figured out of 680 coins, i should find a few 66's, 1 for my set and a couple to sell and/or pay for submission costs. out of the lot, i found 3 66's and about 22 65's. depending on the grader's mood the day of receiving my coins, maybe i'll get 1-66 and 8-10 65's( which are only worth the slabbing costs of $14. each). that's assuming i get a 66 out of the deal. this same scenario can apply to most of the d-mint jeff's from 1987 to present, btw.
costs =
$145. rolls
$380. submission costs and shipping
$525. total
should i have just bought a pcgs-66 2004-p peace jeff 5c for $150 ?
costs =
$145. rolls
$380. submission costs and shipping
$525. total
should i have just bought a pcgs-66 2004-p peace jeff 5c for $150 ?
0
Comments
Better yet, you should get yourself a real job and stop messing with this nonsense.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Be Happy with the PCGS-65 you've already got for $18, and spent all the rest of your money on something else? Why chase the 66 at all?
Rex
only send in the 3 you think are 66 - don't send anymore than 5 because if you get any 64's or lower you lose big time
Joe
Why would you want a graded one anyway. Just pick a nice one from the roll and forget all the wasted grading fees. Or keep the 65 until the 66s are under 50 bucks
<< <i> it's building and completing a collection, and i've been putting together my full step nickel set for about 30 years. >>
Sounds like a have a good grading eye for nickels.
~tis a great hobby~
When it comes to submitting them, it's a tough job, even part time.
It's about deciding WHICH coins are most deserving of the slab and will they meet the grade I've assigned ?
<< <i>You are right Larry... it's the chase and the search for the best that still intriques me the most. Aside from trying to find the BEST coins, it's even harder as I age (my eyes) finding anomalies which is what I enjoy most when looking at coins in bulk.
~tis a great hobby~
When it comes to submitting them, it's a tough job, even part time.
It's about deciding WHICH coins are most deserving of the slab and will they meet the grade I've assigned ? >>
2 sides, i guess that collecting something like gold dollars wouldn't be very rewarding for you or your eyes. they're so small, i can't see why anyone would have an interest in them. seems almost like miniature doll house furniture or something.
<< <i>2 sides, i guess that collecting something like gold dollars wouldn't be very rewarding for you or your eyes. they're so small, i can't see why anyone would have an interest in them. seems almost like miniature doll house furniture or something.
On the contrary, I went through about 2000 bison nickels to submit ONE. The best I could find graded MS64 at PCGS. I know the best thing I could do is search on ebay for an MS66 and pay the difference, rather than to go through the other six thousand I have in rolls
And no, I don't normally buy/slab coins that I think would grade two grades lower, but than again, I'm not a PCGS grader, and have seen some of the results of member submissions (as well as my own) that make you go hmmmmm sometimes. Since, after all, a grade from PCGS is just their opinion on any given day, and opinions change. But if it means perfection to you, by all means enjoy !!
<< <i>Guess maybe I hit a nerve, sorry if I offended. I in no way meant to imply that Jefferson nickels were not worth collecting. I was trying to convey my utter amazement that someone would go through that kind of hassle for one point on a holder.
And no, I don't normally buy/slab coins that I think would grade two grades lower, but than again, I'm not a PCGS grader, and have seen some of the results of member submissions (as well as my own) that make you go hmmmmm sometimes. Since, after all, a grade from PCGS is just their opinion on any given day, and opinions change. But if it means perfection to you, by all means enjoy !! >>
I've been doing this since long before there were any holders or any grading
services. Some of these coins over the years have been very tough to find even
a decent coin. Even chasing them down systematically won't yield a really nice
example many times. You can usually do better with mint sets but these are no
cureall since some coins don't appear in mint sets and this includes almost all the
varieties.
The peace medal nickel, especially the P mint, is shaping up to be one of the tough
ones for the really high grades though nice choice coins are merely elusive. Yes,
there were millions set aside but there are ging to be a lot of people updating col-
lections over the years and this massive hoard will appear much smaller if very many
seek out nice choice examples.
It's probably true for most of the moderns (not ultramoderns) that it's cheaper to
buy the high grades than find them yourself if you figure the time involved. I doubt
many people would do this for profit anyway. Most people are simply trying to put
together as nice a looking set as possible.
<< <i>i picked up a pcgs-65 2004-p peace nickel from e-bay to plug a hole in my set a while back. 66's go for $100-$150. and this was maybe $18. with postage. rather than buy a 66, i bought a 17 roll lot of obw's last week (also on e-bay) for $145. i figured out of 680 coins, i should find a few 66's, 1 for my set and a couple to sell and/or pay for submission costs. out of the lot, i found 3 66's and about 22 65's. depending on the grader's mood the day of receiving my coins, maybe i'll get 1-66 and 8-10 65's( which are only worth the slabbing costs of $14. each). that's assuming i get a 66 out of the deal. this same scenario can apply to most of the d-mint jeff's from 1987 to present, btw.
costs =
$145. rolls
$380. submission costs and shipping
$525. total
should i have just bought a pcgs-66 2004-p peace jeff 5c for $150 ? >>
Have you ever heard the saying "Your doing a lot of chopping but no chips are flying?" lol
AL
<< <i>i picked up a pcgs-65 2004-p peace nickel from e-bay to plug a hole in my set a while back. 66's go for $100-$150. and this was maybe $18. with postage. rather than buy a 66, i bought a 17 roll lot of obw's last week (also on e-bay) for $145. i figured out of 680 coins, i should find a few 66's, 1 for my set and a couple to sell and/or pay for submission costs. out of the lot, i found 3 66's and about 22 65's. depending on the grader's mood the day of receiving my coins, maybe i'll get 1-66 and 8-10 65's( which are only worth the slabbing costs of $14. each). that's assuming i get a 66 out of the deal. this same scenario can apply to most of the d-mint jeff's from 1987 to present, btw.
costs =
$145. rolls
$380. submission costs and shipping
$525. total
should i have just bought a pcgs-66 2004-p peace jeff 5c for $150 ? >>
Hey, whatever trips your trigger, have at it!
Try buying 50 mint sets from the US mint and see what you come up with. At least, you'll have the Peace of mind that your prospects didn't go through some tumbler coin rolling machine.
I ended up with several MS66s and possibly 3 or 4 MS67s P dates but the D's were terrible. I recently had one certified MS66FS and IMO, they got it wrong. The reason is that the only mark on my coin is actually a die crack that runs along Jefferson's jawline. Can anybody tell me what date I'm talking here? I paid $750 for 50 mint sets for that year and I believe I did quite well.
Let me say, the odds are astronomical if you're thinking you're going to find something of superb quality from such a small sample of mint state coins. You need a thousand set of eyes out there looking for that cream of the crop, so to speak. Many of those coins I have from 1987 and up won't grade higher then MS66 but many of them do have superb eye appeal and for what I paid and built the old fashion way...
But anyway, take a look at my later dates in my profile, it can be seen that I have more than one coin pictured for some dates. Recently, I've located an interestingly toned 1990-P that's not pictured yet. But it grades out to be a MS64 due to a somewhat hidden mark on the cheek and it's a dosy. But the strike and the eye appeal makes that mark less distracting.
I've always been amazed at how fast everyone else manages to fill those later dates when it has taken me years to find some of those dates. I haven't even begun to look for those dates 2004 and on. Not that I haven't noticed but the strikes of those later dates haven't really appealed to me as something I want in my set. I don't believe the best nickels for those dates have surfaced much, that the search is still in the infant stages, at least from what I've seen hasn't impressed me. But then again, due to the new designs, perhaps all those coins will have that flat looking strike (oh please God, say it ain't so). Am I missing something here?
Oh well, happy hunting!
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
HMMMMMMMMMMMMM I would not even know what to look for.
years back, before the services were designating full steps, i often bought and searched obw rolls, which carried absolutely no premium. much of my full step set consists of high quality fs pieces found this way. fully struck pieces are very rare on some issues, so unlike leo, i accepted the best i could find, and nailed a better coin if it came along. some have never come along. as already stated by others here, it's a hobby and finding a few great coins is very satisfying.
I know where you can get one.
<< <i>you're looking for a coin that's free of bagmarks and abrasions in the fields, and nothing but the smallest ticks on the devices, and these should be very minimal.. they all seem to be very lustrous and well struck, so that's not an issue. jefferson's jaw and the fingers of the hands on the reverse are baggy as hell. these are the central and highest points of the design and take a lot of hits. there's also a DDO which can be found on the date and mintmark. i haven't checked my rolls for any of these yet, although i did spot-check a coin here and there with no luck.
years back, before the services were designating full steps, i often bought and searched obw rolls, which carried absolutely no premium. much of my full step set consists of high quality fs pieces found this way. fully struck pieces are very rare on some issues, so unlike leo, i accepted the best i could find, and nailed a better coin if it came along. some have never come along. as already stated by others here, it's a hobby and finding a few great coins is very satisfying. >>
There's a huge difference in quality for the uncirculated coins made for mint sets over those coins made for circulation. Not that there weren't any gems to be found in those earlier rolls but by todays standards and we were talking about a 2004 Peace nickel, you'll be better off searching mint sets for your high quality coins for your collection.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>So are you still looking to pay $150 for a pcgs 2004 p peace nickel?
I know where you can get one.
no thanks, i think i got one or more from the rolls i searched. needs to get slabbed of course.
Box of 20
<< <i>
There's a huge difference in quality for the uncirculated coins made for mint sets over those coins made for circulation. Not that there weren't any gems to be found in those earlier rolls but by todays standards and we were talking about a 2004 Peace nickel, you'll be better off searching mint sets for your high quality coins for your collection.
Leo >>
This is typical for many dates. A lot of the coins in the sets are garbage but usually
this is where the best are found... ...right among the garbage.
Back in the '60's and '70's it was even more frustrating because when you finally
found a nice circulation issue it would be late die state and/ or a terrible strike. Most
of the mint set coins were all banged up but when you found a clean one it would be
early die state and probably a nice strike.
These new fangled ultramodern collectors have it pretty easy.
Well... ...maybe not so easy.
Liberty: Parent of Science & Industry
<< <i>
<< <i>So are you still looking to pay $150 for a pcgs 2004 p peace nickel?
I know where you can get one.
no thanks, i think i got one or more from the rolls i searched. needs to get slabbed of course. >>
Why do they need to get slabbed?
I think i know...............
Because without the plastic they're only worth 5¢ each.
Ray
Hoard the keys.
very well said.
steve
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection