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2001 New York-P State Quarter graded MS69?? Check the Pop Report Online

DennislDennisl Posts: 547
in PCGS Set Registry Forum
If the update today for the Online Pop Report is correct, the NY-P Pops have really changed. The MS68 Pop has jumped from 30 to 44 in the last week and now there is 1 graded in MS69. First state quarter to make MS69. I wonder what this modern rarity will bring if it comes up for auction.

Comments

  • dbldie55dbldie55 Posts: 7,731 ✭✭✭✭✭
    A near 50% increase in MS68's, plus a MS69. Will this affect the MS68 value? It will be an interesting auction to watch with the 69, but it may have been made by someone who wants to keep it, so we may never know.

    (May be an error too, we will see)
    Collector and Researcher of Liberty Head Nickels. ANA LM-6053
  • DatentypeDatentype Posts: 1,677 ✭✭✭
    I bet it's worth $8000-$10,000 what do you think? more or less?
  • DennislDennisl Posts: 547
    If a Delaware MS68 with a Pop of 4 can fetch $5000 then I guess $8000 is not out of the question for a MS69. That had to be one heck of a submission to increase the MS68 Pop by almost 50% plus a MS69. I sure wish I could find out if that was another bulk submission. Anyone want to own up to making this coin?
  • DennislDennisl Posts: 547
    If a Delaware-P MS68 with a Pop of 4 can fetch $5000 then I guess $8000 is not out of the question for a MS69. That had to be one heck of a submission to increase the MS68 Pop by almost 50% plus a MS69. I sure wish I could find out if that was another bulk submission. Anyone want to own up to making this coin?
  • MS67PLUSMS67PLUS Posts: 686
    no comment
    FORMER # 1 NOW # 3 ON ALL TIME FINEST CLAD QUARTER COLLECTION

    PCGS THE ONLY WAY TO GO

    Ed
  • egsantosegsantos Posts: 470
    I believe the question is not the 50% increase. The real question is if have more 14 buyers with the same appetite. If exist, the price will keep the same level. The existence of a MS69 is like a far dream to mostly of the collectors. I agree about the potential price. $8/10 K looks feasible.
    Edsonimage
  • kieferscoinskieferscoins Posts: 10,017 ✭
    Everybody keeps saying that if everyone can make MS-68's, they would. Well, a fifty percent increase in one month says they are.

    Cameron Kiefer
  • supercoinsupercoin Posts: 2,323 ✭
    I have wondered (possibly aloud here, can't remember, excuse me if I'm repeating myself!) about current issues being flooded by some of the huge dealers out there.

    For example, Littleton routinely sells millions(?) of current issue coins, like current year US Mint sets and raw state quarters. They also already have assembly-line processing of coins from all the older stuff they buy wholesale.

    So, it would seem that if Littleton was smart, they could rather easily set up assembly-line processing of all their, for example, 2002 US Mint sets. They would check them all for high grade coins, and resell those that don't make the grade.

    In other words, in their routine course of business, they could take a look at thousands of high-end coins for "free", sort them out for an in-house "finalizer" guy to look at, and submit the winners for big profits. Obviously there are labor and grading costs involved, but at a certain price level it becomes worthwhile especially with a larger-scale operation.

    As I recall, the Littleton owner recently did something similar -- he had employees searching hundreds of thousands of 1999 SBAs or Sacagaweas (can't remember which) to find errors for his personal collection. I had visions of that rich kid from Willy Wonka whose dad set up an assembly line to open candy bars looking for a winner. image
    imageLibertarian Party
  • wayneherndonwayneherndon Posts: 2,356 ✭✭✭
    Interesting possibility! I've never seen Littleton in the slabbed market at all. Has anyone else? Not to say that they wouldn't do it so far they seem to have avoided it.

    WH
    We are: WHRC Wizard PotoPromo
  • supercoinsupercoin Posts: 2,323 ✭
    I've seen them sell an ocassional slabbed coin (older coins), but to my knowledge no modern slabs.

    Obviously their profit margins on reselling mint products are pretty hefty, and much less work, so perhaps it doesn't fit into their plans.

    Here's another thought they could use to take advantage of their situation at NO cost to them -- simply sell the right to search their material Hmm... maybe a road trip is in order. image
    imageLibertarian Party
  • wondercoinwondercoin Posts: 16,953 ✭✭✭✭✭
    Supercoin: What a great idea to ensure that all the hundreds of retail customers get nothing more than picked through junk!! image

    You better rethink this one? image Wondercoin.
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • supercoinsupercoin Posts: 2,323 ✭
    No, I'm sure they'd take out all the junk coins too, like those nasty multiple-struck things. image
    imageLibertarian Party
  • braddickbraddick Posts: 24,116 ✭✭✭✭✭
    I don't think this would result in "picked over junk". Unless I'm mistaken, when it comes to looking for coins to slab, MS67 and up is the magical grade/cutoff point. I doubt anyone would be looking for MS66 State quarters to holder.
    That would leave nice MS66/ MS65 coins in mint sets. Certainly not picked over junk. For the average collector of these sets through Littleton, I don't think they'de know the difference.

    peacockcoins

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