1946-D / Inv D - Need Jefferson Collector's Thoughts

BigDowgie

Crew,

I just learned that PCGS decided to remove the 1946-D / Inverted D as a "Major" Variety and as such removed it from the Major Variety Sets. While the coin remains listed in the Complete Variety Sets, what do you think this will mean to the significance of this coin?

Dowgie

bolivarshagnasty

Dowgie, I believe that PCGS gives, and takes away demand for certain coins by merely including them or not in Registry categories. A recent
ebay auction of a 1941 DDO Lincoln (no longer a major variety) went off with no bids at what was once a reasonable price for such a grade.
So in short, I think it will devalue to some degree the 46 d/inverted d. Less demand (fewer participants in the complete varieties catagories)
means lower prices. My opinion and observations. Shag

leothelyon

Well, this is shocking news! Did anyone give or received consultation before such a move was made?


Leo

1946-D/D 150 175 200 335 2,300 2,500 MS66 3,150 - - -
1946-D/D FS - - - - - 425 550 2,500 3,000 MS66 6,500 - - -

BigDowgie

Leo,

To my knowledge, no one in the Registry was notified, I wasn't. As Shag said, PCGS can givith and takith away! For one, I'm retiring sets.

Dowgie

Robb

It's up to the collectors to determine what the majors and minors are- not PCGS, NGC, 00ICU812, TLC, UNICEF, NAACP, etc.

TexasNationals

i agree weth big dowgie, this is kind of B.S. I will pull my regisrty sets also, there goes my reason in life to submitting to pcgs, might as well get them in NGC holders.

stinkinlincoln

If PCGS drops a coin from their registry sets, and its value drops, does PCGS cover this in their buy back policy?

Kinda BS honestly.

Tell collectors they need these coins to compete and use the registry, then remove certain coins without telling anyone?


Does NGC do this at all?

leothelyon

<< <i>If PCGS drops a coin from their registry sets, and its value drops, does PCGS cover this in their buy back policy?

Kinda BS honestly.

Tell collectors they need these coins to compete and use the registry, then remove certain coins without telling anyone?


Does NGC do this at all? >>



And they paid deerly for this variety......likely based inclusively on/for the registry.


Leo

leothelyon

MAN! What's this going to do with those who chase pop tops to pad their GPA'verages?
Me thinks pulling dates from registries will make folks think twice before they...........


Leo

BigDowgie

I guess Shag made me feel a little better knowing that PCGS has done this to another series. Though, the 1946-D/D in the Jefferson series was a pretty significant variety price-wise. Shag, what were the prices being paid for the 1941 DDO Lincoln before and after being pulled? Who know any other varieties that have been pulled from Major Variety Sets.

Dowgie

leothelyon

<< <i>Dowgie, I believe that PCGS gives, and takes away demand for certain coins by merely including them or not in Registry categories. A recent
ebay auction of a 1941 DDO Lincoln (no longer a major variety) went off with no bids at what was once a reasonable price for such a grade.
So in short, I think it will devalue to some degree the 46 d/inverted d. Less demand (fewer participants in the complete varieties catagories)
means lower prices. My opinion and observations. Shag >>




All from the Heritage achives.....kind of blows your theory right out of the waters.
1946-D 5C D Over Horizontal D
MS64 PCGS. Pop 7/6 $1,610.00 Mar 8, 2009
MS64 PCGS 7/5 Sold For: * $2,012.50 Oct 19, 2008
MS66FS PCGS Sold For: * $4,025.00 Jul 30, 2008
MS66FS Sold For: * $4,312.50 Jun 25, 2008
MS66FS Sold For: * $4,312.50 Jun 25, 2008
MS66 Sold For: * $2,760.00 Jan 8, 2008


Leo

Edited to add; the 3 MS66FS examples shown sold for about $2000 less than what the PCGS price guide shows, $6500.......time for an update?

NIckelCollector

The 46D/D is definitely a top 10 major variety. If I am reading the pop report correctly it appears something is wrong – there are way too few of this variety showing up. There should be about 13 coins graded MS66FS. The pops are showing 7 w/o FS and 2 with FS in all grades. Is it possible with only nine coins in total the 46D/D was deleted from the major variety set - in error?

Either way in my opinion it should be included.

stephunter

For what its worth Fivaz and Stanton listed it as second in rarity (42 d/d horizontal is #1) of the orginal Jefferson top 10.

TexasNationals

I have retired almost all of my sets so there should be some movement. Now that I have 40+ coins ready to go to off to get certified and attributed, I am trying to justify the cost of grading plus the attribution fee's? Shouldn't the collectors be allowed to determine what is considered a major variety for that set and the rest fall under complete variety sets? It has been fun chasing some of you, but I am going to sit on the bench until some stabilty in sets or criteria for measuring varities is established.

J

bushmaster8

This sux big time!

BigDowgie

Frank,
Agree, not sure what is up with the population numbers? They are not correct, unless some of us really don't have one of those 2 MS66FS coins??
Catch you soon.

MJH

BigDowgie,

I THINK THEY ALSO PULLED THE 1914/3 BUFFALO NICKEL
FROM THE MAJOR VARIETY SET.

IT IS NOW ONLY IN THE COMPLETE VARIETY SET.

leothelyon

Is it possible with only nine coins in total the 46D/D was deleted from the major variety set - in error?

While I agree with this assessment, perhaps they're making room for the much more rarer 1953-D/inverted D!





Where's the headbanging emotican when you need one?


Leo

BigDowgie

Leo - I love those 53-D/Inverted Ds!!

Has anyone heard anything more from PCGS on the 1946-D/Inverted D? They still do not have the 1946-D/D Pops corrected. They really screwed this one up bad!

Dowgie

leothelyon

<< <i>I have retired almost all of my sets so there should be some movement. Now that I have 40+ coins ready to go to off to get certified and attributed, I am trying to justify the cost of grading plus the attribution fee's? Shouldn't the collectors be allowed to determine what is considered a major variety for that set and the rest fall under complete variety sets? It has been fun chasing some of you, but I am going to sit on the bench until some stabilty in sets or criteria for measuring varities is established.

J >>



Does anyone know if the pops have moved or changed since?


Leo

JRocco

Not a fair shake to those who spent the bucks for the registry points.

Stew

The entire hobby of Numismatics is based in stable, predictable facts and figures.
Could you imagine if the U.S. Mint all of a sudden come out and said that the
Mintage of the 1916 D Mercury Dime was actually 35,740,000 and not 264,000 Whoa
and made changes in mintage numbers off and on at different times
with all series of coins. All stability in the hobby would be destroyed quite quickly.
I empathize with the registry set owners that have put in hundreds of hours
and in some cases thousands of dollars to build a top pop registry set
just to have some of their major variety coins pulled from their set.
Horrible situation to be in. Makes my stomach queasy just thinking about it,
and I do not even have a registry set.

DCW

The US Mint actually "changes" mintage reports all the time on modern bullion. Ive watched the numbers go up and down and all around during 2008, especially on the platinum.
Anyway, back to this old thread...
I still think they should leave registry compositions alone. No real reason why a "major" variety should be downgraded IMO.

leothelyon

<< <i>Not a fair shake to those who spent the bucks for the registry points. >>



Let's just hope PCGS will doesn't ever make an announcement that they're closing their doors. What a pandemic that will be.


Leo

leothelyon

I empathize with the registry set owners that have put in hundreds of hours and in some cases thousands of dollars to build a top pop registry set

I think the latter out numbers the combination thereof 10,000 to one.

So it's really no big deal to the conscientious and were conservative about it.


Leo

Lehigh96

<< <i>i agree weth big dowgie, this is kind of B.S. I will pull my regisrty sets also, there goes my reason in life to submitting to pcgs, might as well get them in NGC holders. >>



Mine is in an NGC holder but this decision will likely cause a drop in price regardless of holder.

FullStepJeffs

A 46 D/D hit the auction block HERE this week. I think it had a bid of $1600 or so if I remember correctly before it was pulled. And this coin listed doesn't appear to be a full step coin, but with all of the pictures I've seen recently, none of them did either.

These things will see major reductions in price IMHO.

Steve

DCW

Fyi: this thread is a year old.