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Pricing on 1935 slabbed MS68 buffalo nickels
BUFFNIXX
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Here is an NGC 1935 MS68 buffalo nickel which is currently for sale at $8250. Yet the value listed in the NGC price guide is over
$35,000,00. Quite a disparity between asking price and so-called actual value. I guess you should just stick to pcgs graded coins if you have the money to jump into this grade level. By the way I wanted everyone to see this cause I think this is the nicest slabbed ms68 from either pcgs or ngc. I really like the coin. Kind of looks proof like. A really nice coin correctly graded IMO.
Collector of Buffalo Nickels and other 20th century United States Coinage
a.k.a "The BUFFINATOR"
a.k.a "The BUFFINATOR"
3
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That is a nice one
Collector, occasional seller
NGC sure likes this grade-16 in this grade for Buffalo nickels on ebay. A couple are even MS68+. There only two PCGS examples.
The corrosion spot on the forehead, below the hairline bothers me a little.
If it is your coin and you plan to sell, submit to an auction and hope that the exposure reaches the right audience to get the price you are hoping for. I suppose you might be asking what to hope for and frankly that is difficult to handicap. Good luck....
Experience the World through Numismatics...it's more than you can imagine.
A little "Chaffing" on the bison's upper front leg and hit on the jaw too. I'm comfortable with a 67+
I don't see anything in that photos that would make me think prooflike
It is not my coin.
a.k.a "The BUFFINATOR"
I think the PCGS/NGC ratio I cited might be meaningful in answering this.
Wow ... Nice coin!!
Buy it, cross it, make good money
Latin American Collection
I don't see anything that is worth $7600, let alone $35000. It is just another high grade, common date coin that trophy hunters apparently like but which I could care less about.
I would rather choose a lower grade coin without a birthmark on its forehead.
Looks like two scratches under the buffalos, um, you know...
The price seems to reflect the coin and not the plastic
Way too rich for my blood.
Just a tad overgraded?
Pete
I don’t understand what the disparity between the NGC price guide and the asking price have to do with your guess that “you should just stick to pcgs graded coins if you have the money to jump into this grade level.” Would you feel differently if the coin had been priced at $25,000-$30,000?
The coin looks unexceptional to me. The luster doesn’t look especially strong and there are some obvious flaws.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I agree with this. I don't know if it would be that extreme today, tho, since the PCGS MS68 graded coin sold in '09. I guess PCGS hasn't graded a 68 since then.
I agree with this, too.
Look at pops and 20th century supergrade coins over the last 10 years. You see increasing numbers at all levels, corresponding price drops (at each level) and more coins in each grade that probably would not have been in that holder( ten years ago).
For that kind of money, I'd rather buy a truly rare problem free coin in any grade than something like this coin.
I think to play in the "condition rarity" area for this, or any series, you better be a flat out expert.
And frankly, I'm just not interested enough in condition alone to play that game. Call me nuts...but a nice (cheap) MS-65 would probably make me just as happy....
Make sure to set the minimum grade to "CURRENT." 😂
Agreed. You could get a nice early federal coin. Some of the later date Capped Bust stuff is surprisingly affordable in gem. I'd rather have a common date PCGS MS65 Capped Bust Half than this coin.
A nice Buff... but not exceptional...I am a bit surprised at the grade, given the obvious issues. Cheers, RickO
Not impressed. Overgraded to me and absolutely no eye appeal.
Nice coin , but once you see that " spot " on the forehead you can't " un-see " it.
Bob
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I know . . . in TPG reality, 5-7 seconds for the average coin is about what we might expect, having been clued in by many (here and by rumor). BUT . . . I would think that a grader is cognizant of relative and condition rarity. No grader is going to be in any TPG room slapping "MS69" on the random Morgan without a bit of help, corroboration from other graders, and a final blessing from the finalizer.
Same for an MS68 Buff. Maybe not (quite) as dramatic . . . but you don't pump these out by the roll. Mark. . . . Lane . . . you guys know. Wouldn't somebody spend a bit more time on it . . . AND hopefully see the spot on the forehead???
Maybe it developed after grading? Possibility . . . but, just a possibility. Go with Occam's Razor . . . .
It is a nice Buff. I like it a lot. But . . I think if I was a TPG firmly locked into second place with a hope to continue to hold (or increase) my market share . . . .I would darn well make sure I didn't throw out an MS68 Buff that got a lot of grade debate.
Drunner
I think your "5-7 seconds for the average coin is about what we might expect" is low, I believe the spot would have been noticed by the graders - perhaps it wasn't there or as conspicuous at the time the coin was graded.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
MS67 at best...
If you showed me some exceptional 66 and 67 buffs with the grades covered, I'd probably pick a lot of those before this one. Over-bright imo and sort of un-natural looking. If I found this raw would have thought a 65/66 coin....with 67 being a very fortunate grade.
Cameonut2011 - About four years ago, I decided to buy a better date CBH (an 1817) in PC 4 which was fully struck, rather than a later date in MS 65. Unfortunately, I think many higher grade Uncs. in this series have been "played with" more often than AU Bust Dollars.
"Seu cabra da peste,
"Sou Mangueira......."
Do you think the spot on the forehead that everyone is commenting about might simply be a piece of schmutz stuck within the holder? That seems like a probable explanation for that being there.
In honor of the memory of Cpl. Michael E. Thompson
Good point, Tom. If you feel like answering, (with the understanding that we have only the pictures upon which to opine) do you think the coin would look like a 68 without the spot or schmutz?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Based just off the images, no, I don't think I would call that coin MS68 regardless of if the spot is on the coin or was something jostled loose from inside the slab. In my opinion, a late-date Buffalo nickel in MS68 should have booming luster, a great strike, exceptionally clean surfaces and great color (either white or toned). The images provided in this thread do not convey all those properties to me.
In honor of the memory of Cpl. Michael E. Thompson
Here's one of the PCGS MS68 1935 coins from the Heritage Archives that sold for $34,500 back in 2009.
Thanks, Tom.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
For comparison, here is an ngc ms67 1935 buffalo nickel from the same obverse die as the ms68 above:
Both the ms68 and ms67 are owned by the same seller with an asking price of $8250.00 and $795.00
a.k.a "The BUFFINATOR"
I feel like the 67 has less tiny ticks on the reverse then the 68 IMHO.
I see too many problems for this Buff to be a 68. It doesn’t make the cut in my book. It’ll never CAC.
Well I did a little digging and the MS68 1935 buff we are looking at here used to reside in an MS67+ holder. Quite a nice bump up where it sold for $1645 in August of 2017. Wonder how hard it is to get a coin like this upgraded. Would you
have to be willing to send it back in raw? Spot on the forehead is visible in both the MS67+ and MS68 images.
a.k.a "The BUFFINATOR"
The same coin sold for $7600 3 years ago. I would bet my last dollar that said coin made at least one trip to PCGS and CAC.
Yes but I would like to know if anyone can tell me how you go about upgrading an MS67+ coin to an MS68? And it is the same grading service in both cases.
Reason I am asking is I have a 1913 type one proof buffalo nickel in PR-66 that once was in a scruffy old (small) style anacs holder. I could see it was a great coin but its appearance was held back by all the scratches on the holder. I sent it to anacs
and they reholder it for me in one of their new large holders with a blue label. It looked good in the new holder. Since
this coin was a PQ coin at that grade level IMO I later sent it to pcgs trying to get it crossed into a pcgs proof-66 holder but they would not do it. I wound up taking a chance and cracking it out of the anacs holder, I sent it into pcgs raw and they did then put it into a proof-66 holder. So wheat I asking here is this how the 1935 ms68 buffalo we are talking about here got into its present holder, by some recent owner cracking it out and sending it back to ngc raw, or would there be some other way to do it which would not involve a crack out? Just wondering. If I owned the ms67+ coin there is not way I would
have ever cracked it out and wound up loosing the plus sign in the grade maybe.
a.k.a "The BUFFINATOR"
The photos of the NGC 67 make the coin look a lot better than the current 68 photos. Any chance that coin was lightened since it's last appearance? Maybe in an attempt to remove the "spot?" It looks a lot more natural looking in the 67 photos. On the 67 photo almost looks like another spot at the corner of the right eye. The nick on the jaw line is pretty large for a 68 coin.
I wonder how this made it from an MS67+ into an MS68 holder? A previous or current owner of the MS67+
must have sent it back to NGC for upgrade consideration and they did it!
a.k.a "The BUFFINATOR"
Threads like this only reinforce my inclination to pursue coins that are scarce in any grade. The problem is that popularity keeps prices high on popular and scarce coins, but that Buffalo would be $3 in VF. Condition rarity is not a game I would play, but to each his own.
Especially on condition rarity pieces the grade represents an appraisal more than a true technical grade.