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1864 Copper/Nickel IHC in PCGS MS65 and 66

dizzyfoxxdizzyfoxx Posts: 9,823 ✭✭✭
What are their "realistic" values? They seem to be priced quite high on the PCGS price guides and I'm wondering if they are priced about right. I have a nice example in a PCGS MS64 in an old PCGS rattler holder that seems quite undergraded and I'm curious if it might be worth a crackout-resubmit. Although I really like how they look in the old rattler holders so I'll most likely keep it right where it is.
image...There's always time for coin collecting. image

Comments

  • dizzyfoxxdizzyfoxx Posts: 9,823 ✭✭✭
    Did I stump everyone?image

    image
    image...There's always time for coin collecting. image
  • BillJonesBillJones Posts: 34,295 ✭✭✭✭✭
    According to "Coin Values" the price goes up from $1,400 in MS-65 to $11,500 for MS-66 for the 1864 copper-nickel cent. It only roughly doubles for the other dates, excpet 1861.

    It's been my experience that where you have a hugh jump like that the coin has to walk on water to get that grade.

    I had some gold coins put in rattle holders many years ago. I cracked three out of four in later years, and every one of them was an upgrade, but they went to NGC. I agreed that they were up grades, but I did not agree with NGC in all cases. Without seeing the coin in person it's hard to tell, but going from MS-64 to MS-66 is pretty tough to do.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭
    The 1864 CN is quite scarce in high grade and there is good demand for it. There are only 9 MS66's graded by PCGS (85 in MS65). This makes it very tough in MS66. I sold one recently for $10,000. There was a substandard PCGS one in the CSNS sale which sold for around $6K. So now PCGS reduced the price from $10K to $6K in one fell swoop! I think the real value is still in the $8 to $10k area for a real MS66. Typically price editors will lower a price 10% or even 20% when a significantly lower price is seen in an auction, not a 40% decrease!

    I called Jaime about this and he said his boss did the editing.

    A MS-65 is a $2,000 coin all day. MS-66 $8K to $10K.
    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:

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