There is nearly no coin that is more of a narrow condition rarity than the 1945-P dime in full bands (FB).
I learned the hard way, I would rather have the 45-P in FB even though they sell for 100 times the non FB price (!!!!)...........$7500 versus at most, $75 or so in MS-65!!!
Apparently, more and more collectors agree since you usually have to wait on a VERY LONG LINE to get these rarities in nearly ANY MS-FB conditon!!!!
Would I pay $7500 for a FB 1945 dime when the no FB in the same grade is $75? No, not me. I wouldn't pay 50x for a slightly better strike or just ONE grade point. I think collectors who do so are caught up in dealer hype and would be better off spending their money on other coins.
Coins graded FB, FBL, and FT do not particulary interest me. I do find FH SLQs interesting, but I would not pay 50 times more just for the full head. I suppose many collectors (and sometimes even professional coin graders) cannot tell one grade from the next lower or higher grade
Well - I'm surprised that none of the Frankie Freaks jumped on the bandwagon here - but obviously for us, condition rarity is the ultimate in collecting this series. As you well know, there are no date/mint mark rarities in this series, however, the entire series in high grade FBL averages anywhere from 5X to 10X the cost the cost of it's counterparts in non FBL. Oddly enough, there are some dates, such as 1961P and 1962P which in MS65 are comparable to some of the middle-rarity MS65FBL's, but since no one seems to be paying much attention to non FBL coins, there are a lot of MS65's and MS66's that can be had for very little, and these can be truly nice coins, which I believe eventually will spike in price.
Frank, i try to look for fully struck coins when i buy them, but i will not pay multiples for designation coins like; full band, full bell lines full steps etc.... Les
The President claims he didn't lie about taxes for those earning less then $250,000 a year with public mandated health insurance yet his own justice department has said they will use the right of the government to tax when the states appeals go to court.
"However, what the Cladking said about completeness is correct with all key dates, including the 1815 half. There are 1500 1815 halves estimated to survive, and most bust half collectors (1500+) want one to complete their year set, thus the $2000 price tag for a VF."
WANTING one to complete a set and having the $2,000 to lay out for one are two different things. When you're taking about a series where most of the coins can be had for a couple of hundred dollars in F to EF it's a big leap for most collects to lay out $2000 for one or two coins in the series.
Then again we're talking about 1,500 surviving coins with a small percentage becoming available each year so I think the limited supply and existing demand supports that price. But when you increase the number of available coins to 10,000 or 20,000 or 30,000 I just don't see the demand (desire and financial resources available) in ANY series where $1,000+ prices can be supported. A collector base with the resorts to firmly support $1,000 prices just doesn't exist for coins with populations in the tens of thousands and because there are other options to high priced ultra high grade coins, where there are large quantities of a particular coin available in lower grades, the support for the high prices that are sometimes paid for grade rarity coins is thin and supported by a relatively few well heeled collectors.
The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
On the other hand if you want to talk about something that has rarity AND condition just look at the patterns. Many patterns are pop 1. Meaning only 1 known for all grades. Now THAT IS RARE.
It is nice to finally see the hobby finally recognizing patterns as real live collectibles and not just a escoteric item.
Comments
I learned the hard way, I would rather have the 45-P in FB even though they sell for 100 times the non FB price (!!!!)...........$7500 versus at most, $75 or so in MS-65!!!
Apparently, more and more collectors agree since you usually have to wait on a VERY LONG LINE to get these rarities in nearly ANY MS-FB conditon!!!!
A 1869 $20 in PCGS MS-65 PLUS a pleasant PROOF (PR63) $20 Liberty double eagle in type III..........OR just one coin, a 1875-S $20 in PCGS MS-67.
<< <i>hey mike
don't you think that with IHC's the best overall value with numerical grade being equal is an RB with plenty of color?
al h.
Yes
Coins graded FB, FBL, and FT do not particulary interest me. I do find FH SLQs interesting, but I would not pay 50 times more just for the full head. I suppose many collectors (and sometimes even professional coin graders) cannot tell one grade from the next lower or higher grade
Frnak
ps. "less filling/tastes great" wasn't Coors.
"However, what the Cladking said about completeness is correct with all key dates, including the 1815 half. There are 1500 1815 halves estimated to survive, and most bust half collectors (1500+) want one to complete their year set, thus the $2000 price tag for a VF."
WANTING one to complete a set and having the $2,000 to lay out for one are two different things. When you're taking about a series where most of the coins can be had for a couple of hundred dollars in F to EF it's a big leap for most collects to lay out $2000 for one or two coins in the series.
Then again we're talking about 1,500 surviving coins with a small percentage becoming available each year so I think the limited supply and existing demand supports that price. But when you increase the number of available coins to 10,000 or 20,000 or 30,000 I just don't see the demand (desire and financial resources available) in ANY series where $1,000+ prices can be supported. A collector base with the resorts to firmly support $1,000 prices just doesn't exist for coins with populations in the tens of thousands and because there are other options to high priced ultra high grade coins, where there are large quantities of a particular coin available in lower grades, the support for the high prices that are sometimes paid for grade rarity coins is thin and supported by a relatively few well heeled collectors.
It is nice to finally see the hobby finally recognizing patterns as real live collectibles and not just a escoteric item.