1864 Copper/Nickel IHC in PCGS MS65 and 66

dizzyfoxx

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.

dizzyfoxx

Did I stump everyone?

BillJones

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.

EagleEye

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.