Remember That 1953(p) Jefferson That Fetched Over $5,000 On Ebay

wondercoin · January 15, 2002 2:01PM

Does anyone here remember that 1953(p) Jefferson Nickel in PCGS-MS64FS that fetched close to $5,300.00 on ebay a few weeks back? The coin still has a value showing of $40 in that grade on CU Price Guide tonight!! How is this possible? Can anyone else show me where the price guide is off more than 99%+ or is this the record

Wondercoin.

ModMan · January 15, 2002 2:07PM

I thought it was later determined that coin was shilled.

wondercoin · January 15, 2002 2:13PM

Modman: I didn't know that. How could that have been "determined later"? Regardless, I did see an honest collector that bid over $5,000 and lost, so point remains the same. Hey, welcome back. I kind of missed you

Wondercoin.

wondercoin · January 15, 2002 2:17PM

And, speaking of nickels, I almost forgot. Congratulations Frank on claiming the #1 spot in the Mint State Nickel Registry! Nice going (have any regrets about the 1939(d) in PCGS-MS67FS I practically "begged you" to buy from me earlier this year)

Wondercoin

solid · January 15, 2002 2:21PM

The CU prices for many issues in this series are wildly off, but perhaps
they consider the current pricing trends to be immature at this point.

Some FS prices are completely absent as well, such as for the 1943/2-P (of
which there have been 34 graded), but included for coins like the 1942-D/D
and 1949-D/S (both of which are a pop 1 in all grades!).

I've bought many coins for less than the CU price (getting harder to do
all the time), and many coins for many multiples.

As to your original point, a 99% discrepancy may well be the record!

In any case, the pricing for this series is in need of a major overhaul.

Ken

FullSteps · January 15, 2002 8:38PM

I would be happy to pick most full step nickels up at 200% of the CU price. Did you notice the prices for the 53-S full steps in MS66? The price is $300 according to CU....as I said above, I will gladly pay 200% of that price right now

pmh1nic · January 15, 2002 9:38PM

Does CU establish their price based on the last known price realized or by averaging prices realized over a 3, 6 or 12 month period? I'm also wondering where they come up with the $40 price in the first place?

solid · January 15, 2002 11:14PM

It was my impression that CU prices are based on dealer asking prices.

If so, the dealers all need to get with the program and conform!

Ken

wondercoin · January 16, 2002 12:01AM

FullSteps and others: Yes, the price guide is incredibly off. You mention the 1953(s) nickel in MS66FS at $300. I would pay $15,000 for the coin sight-unseen TODAY for a PCGS-MS66FS example (not a mechanical error). Now, do you see why I strongly opposed proposed plans such as Supercoin's (easy) plan of linking Registry values to price guide figures!

pmh1nic: You hit the nail on the head. The only parties that could ever create a proper price guide in a series are either the foremost collector in the series (e.g. Tradedollarnut for Trade Dollars) or the foremost dealers in the series. But, it is clear that in either case (and this is no reflection on TradeDollarnut, just a general comment) it would be like the "fox guarding the henhouse" for the collector or the dealer to create the guide, as you could plainly surmise

In the case of 1932-date coins, it is just a fact of life that the "price guides" are nothing more than "guides", but, in the case of Jefferson Nickels, the "guide" obviously is on the wrong tour

Wondercoin.

RELLA · January 16, 2002 12:17AM

I know that this isn't in the 99% percent range...but I think that the $14 values for the 1958 and 1958-D Lincolns in MS67RD are pretty funny...since the price guide lists their value in MS66RD at $55 each. Wouldn't you just love to be able to buy 67s and sell 66s at those price all day, Wondercoin? Some other great prices, both low and high:

1949 MS66RD $14
1953 MS66RD $20
1954 MS66RD $17

1949-D MS67RD $30
1950-S MS67RD $28
1951-D MS67RD $28
1952-D MS67RD $25

1949-S MS66RD $75
1953-D MS66RD $75

RELLA

wondercoin · January 16, 2002 12:23AM

RELLA: Nice examples in the Lincoln series of buyers being able to use the price guide to their advantage. I hear all the time, "I only want to pay 50% of guide Mr. Wondercoin if you want to sell to me". Boy, is that tough tomake a sale!!

Wondercoin

washvarieties · January 16, 2002 12:28AM

CU prices are all off buy the way what would a 1954s pcgs ms 65 FS sell for I do have one ???

still looking for a 1943 (11-O-I) also a 1941 (6-O-I) Washingtons

wondercoin · January 16, 2002 12:39AM

Bob: Name your price for the nickel in a PM to me

Yes, the silver Wash Quarters have problems throughout the guide. But, to address a point made, is it really the dealer's place to politic for price changes. Guess what happens when the prices in the guide double (or go up 25x!!) tomorrow-collectors accuse dealers of "manipulating" prices upward!!

Wondercoin.

Gembens · January 16, 2002 12:41AM

......some people have inherited millions and millions of dollars - they never worked for it , but thev`e got it to burn just the same.
These people think nothing of spending 5 grand for a 200$ coin - which only leads to distorting the heck out of any price guide based on prices realized.
....as for schilling; you remember wonderboy when you got suspended from eBay for doing it ?

supercoin · January 16, 2002 2:21AM

Now, do you see why I strongly opposed proposed plans such as Supercoin's (easy) plan of linking Registry values to price guide figures!

Ok, Mitch, play fair... for those who didn't read the previous discussion, I wholeheartedly agreed with Mitch that the price reports are inaccurate in many places.

The advantage of my plan, however, is that you kill two birds with one stone -- instead of spending the effort putting together byzantine weighting schemes for the registry, FIX the price reports based on the eagle-eyed input of all who visit here, and then weight the registry based on the price guide.

And everyone would benefit from more accurate price guides, not just registry collectors.

pop1 · January 16, 2002 2:23AM

Mike. You are a better numismatist than this...

wondercoin · January 16, 2002 2:27AM

For those of you who missed my post last month, I will not respond to anything the "internationally infamous potty mouth" has to say. Geez, this is the guy as I recall that pounded R&I with a series of negatives on ebay, if that tells you anything! He could say my "mother wears army boots"-no replies.

Wondercoin.

supercoin · January 16, 2002 3:06AM

Except that you and Registry just did, at least a dozen times. I know, I just had to read all the threads that TTT'ed.

Ignor(e)ance is the best policy.

pop1 · January 16, 2002 3:13AM

Ignore ignorace? ok.

supercoin · January 16, 2002 3:20AM

I didn't mean it quite that way, but clever!

If something posts something seriously, but innocently ignorant, like "Ikes aren't attractive", feel free to correct them.

Most trolls expose themselves quite well, though, and pointing it out to the rest of us is redundant and counterproductive.

pop1 · January 16, 2002 3:33AM

Tad. Invite this guy to your site. He's been kicked off, to my knowledge, TT, Ebay, among others. Most well known Franklin dealers have his email address restricted from delilvery.
My last comment to this "numismatist" a few years ago, was "I would like to get off your "Merry-Go-Round from Hell' 'Please leave me alone'. I thought it ended years ago. I guess I'll ask to get off this new carousel. Thanks Tad. I'll forward all his PMs to you for your calm response.

LJKendall · January 17, 2002 3:52AM

i believe the cu price guide is a just a list of generic prices that were entered to fill the space and have nothing to do with reality. whoever's job it was to complete the fs nickel section of the guide obviously could not find any accurate info(is there any accurate info available? no.), and just chose the amounts for all p-mints, d-mints, etc.and copied them down the list. the known rarities they bumped up with a guess.

cu - i'm sure there are many people on this board who would be happy to provide some accurate pricing on this series.the listing now is just an embarrassment to you.

Gembens · June 17, 2002 4:24AM

Yeah, your supposed to be ignoring me !

cladmaker · June 17, 2002 4:49AM

Hey modman,
I do not know where do you get off asuming an auction is shill bid when you do not know
any facts!!!

That was my 1953-p ms 64 fs nickel on auction and the coin sold. It was returned and sold to a former #1 registry set owner for somwhat less than $5,300.00 in a package deal. I do not shill auctions and do not need to!! Mitch, The coin sold on eBay in early December 2001 if memory serves me correctly

Cladmaker

braddick · June 17, 2002 5:05AM

Cladmaker- This thread is over six months old! I don't know why it was brought up to the front page again.
I'm not a Jefferson collector but know that the 1953-P is impossible in MS64+ with Full Steps. I imagine it is worth every bit the $5,000.00 it went for.
Is it still a single pop coin?

dbldie55 · June 17, 2002 5:30AM

It has a pop of 4 in MS64FB and 5 in MS65FB what ever that is worth.

cladmaker · June 17, 2002 5:36AM

Braddick,
I failed to look at the first posting date on this one. Oh well I did not respond to the shill accusation the first Time around! Thought I would this time around though!!

The pop. is now 4 in ms 64 fs and 5 in ms 65 fs. At the time of the first post of this thread I believe the pop. was 2 in ms 64 fs.
cladmaker

leothelyon · June 18, 2002 8:51AM

Hi
Talk about a resurrection of an 6 month old thread and how fitting. Does anyone know what any of the 1953 MS65 FS's would fetch or have fetched? $10,000? $5000? $2500? Maybe a $1000? If any of them have sold for big bucks it would certainly make exciting news. Maybe not so for the first buyer. Nine FS 1953's surface inside 6 months what does that tell ya. I'm sure it doesn't help the CU prices.

Leo

Remember That 1953(p) Jefferson That Fetched Over $5,000 On Ebay

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