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MS69 STATE QUARTERS ARE A GREAT BUY
FanOfModerns
Posts: 127
Louisiana
Ohio
Does anyone else think these coins will skyrocket in value? Only $404.01 and $432.62 for MS69 state quarters! WOW!
I expected them to be $2000++++++ coins by the end of the year. I guess the economy is holding down prices. Expect these to skyrocket in value when the new designs are released!
Ohio
Does anyone else think these coins will skyrocket in value? Only $404.01 and $432.62 for MS69 state quarters! WOW!
I expected them to be $2000++++++ coins by the end of the year. I guess the economy is holding down prices. Expect these to skyrocket in value when the new designs are released! WORKING ON SEVERAL MODERN SETS. PCGS COINS ONLY FOR ME!
0
Comments
<< <i>I guess the economy is holding down prices. >>
I think it's the pops that are making the prices drop. The more MS69s that are made, the lower the prices will go! The pops right now are 34 and 35, the higher they go the lower the price will drop. What you need is a MS69 in a "D" mintmark!
and ta think some of our own board members made some of these and sold em for less than extorisinant prices...oh well
Go BIG or GO HOME. ©Bill
<< <i>Does anyone else think these coins will skyrocket in value? Only $404.01 and $432.62 for MS69 state quarters! WOW! I expected them to be $2000++++++ coins by the end of the year. I guess the economy is holding down prices. Expect these to skyrocket in value when the new designs are released! >>
If you expected them to be $2000++++++ coins by the end of the year you should buy all you can find (that'll help keep the prices up) -and you'll have all those great bargains. Then, after the 1st of the year you can unload them all and make a killing!!
“It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.” Mark Twain
Newmismatist
C.
May be. The earliest day will be after 2008 (or 2009) when all 50 statehood quarters are issued. Some dealers will create another wave of hype.
> Only $404.01 and $432.62 for MS69 state quarters! WOW! I expected them to be $2000++++++ coins by the end of the year.
Ha Ha Ha
> I guess the economy is holding down prices.
The pop increase at an amazing speed. Ecomomy recovery simply cannot catch up.
Just my two cents.
<< <i>Does anyone else think these coins will skyrocket in value? >>
Nobody who hasn't had a lobotomy.
Russ, NCNE
All PCGS modern coins will skyrocket in value. These are no exception to that fundemental law. But I think you are off by a decimal place. They should bring $20,000 by the end of the year, not $2,000.
My posts viewed
since 8/1/6
Did you mean 20,000 yen
If so, it is possible.
<< <i>They should bring $20,000 by the end of the year >>
Maybe $200 by the end of next year! Just look at the 2003 Lincolns! MS69s are below $100 now.
Of course they are going to skyrocket in value ( US Dollars ), mainly because the dollar is dropping -> gold is near $400/oz now as soon as it hits $2000/oz I predict PCGS MS69 quarters will be worth at least twice as much as they are now
don't let these people that think if a coin isn't at least 50 years old, than it is not a collectible mess with you - there are many here
I see you're back. Gee, I have missed your wonderful insights regarding PCGS modern slabs.
Has anyone suggested that FOM seek out those State Quarters that are actually low pop coins? There are only 3 New Yorks, 5 North Carolinas, 10 Vermonts and 7 Mississippis. Have any of us helpful forum members even suggested that FOM quietly buy all of these that he can? NO! Not one single forum member has sought to assist FOM in his quest for fame and wealth.
And think of this: Of the 25 SQs issued, 18 have 3 or less MS69's for the P & D mints combined! Has anyone suggested that our intrepid FOM simply buy mint sealed bags of each State (still readily available I'm sure), submit 1,000 of each of them to PCGS under their bulk submission plan, requesting minimum MS 69 grades (that would be 36,000 coins & if ONLY 1% graded MS 69, FOM would have 360 MS 69 SQs where prior to this modest submission only 8 coins for those 18 states were MS69! Now from what I understand, on these bulk submissions you only have to pay for the coins that meet the minimum grade requested - so PCGS (FOM's only true grading service) would grade these 36,000 coins for a mere $4,320 ($12 x the 360 coins that reached the minimum grade) - a cost of 12 cents per coin graded (assuming PCGS actually "graded" all 36,000 coins). (Now I may be wrong on this as I am relying on what another forum member recently posted that ONLY the coins that are actually graded show up in the pop reports, and I am assuming that you only pay for those coins that meet the minimum requested grade - if FOM had to pay for ALL coins submitted, we'd have a different scenerio and FOM may have to specially negotiate a bulk submission price lower than the $12 per coin listed on the PCGS website).
Back to the profit potential for FOM's wisdom of Top Pop SQs! - If he were to become a bulk submitter of his favorite moderns, he would help both himself AND PCGS make LOTS of money. Assuming FOM could sell his newly certified MS69s at a modest $2,500/coin, he would receive $900,000 on his modest $4,320 investment (+ of course the $90 face value of the SQs) - if he only got $2,000/coin he would only receive $720,000! - and even if he had to pay the full $12/coin grading fee ($432,000) he'd still make $288,000 on his $90 investment - a sure thing if there ever was one!
I can't believe that none of our forum members has been able to see the wisdom of FOM's prescience - he is a visionary - a person of great insight into the real future of coin collecting - while we mortals have wasted our time looking for those rare and elusive key dates for our collections, our key to great wealth lies in the wisdom of FOM - (albeit a bit misguided as he has failed to see that you don't seek the most common top pop coins, but only those that are really "rare"). Tweek his "wisdom" just a bit, and you too can make money like Ken Lay, Bernie Ebbers and Dennis Kozlowski - just be careful how you get there!
Has no one else seen that we are the sheep and FOM is the Shepard?
“It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.” Mark Twain
Newmismatist
Tom
I agree! If only he would publish a newsletter and give subscribers an insight to the real market and to be able to get a jump on this nuclear market.
<< <i>Shame on you nattering nabobs of negativism (credit to the late Spiro Agnew for this alliterative phrase). >>
Actually, the credit goes to Pat Buchanan.
Russ, NCNE
<< <i>One flaw in the bulk plan, if you do not make 60% graded coins then you pay $5 per no-grade. So add $178,000 to your bottom line! >>
Damn!! - I knew there was a catch - FOM will have to pre-grade those suckers all by his lonesome - here I thought he could get PCGS to do it all from him at a modest $4K+. Maybe he'll have to sign up for the ANA grading class before he tries this. Even so, at $5/no grade, and w/a 1% success rate (360 MS69s @$2K each) he'll still make $537,480 - not bad for a $90 investment (I'm fairly good at math and I'm not sure I can even calculate the Profit percentage - its is mindboggling - 60,000% or something).
“It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.” Mark Twain
Newmismatist
<< <i>
<< <i>Shame on you nattering nabobs of negativism (credit to the late Spiro Agnew for this alliterative phrase). >>
Actually, the credit goes to Pat Buchanan.
Russ, NCNE >>
I heard that Pat's sister wrote speech's for Agnew - did she have a hand in writing that or was Pat Spiro's main writer at that time - the memory dims!
“It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.” Mark Twain
Newmismatist
Russ, NCNE
<< <i>Louisiana
Ohio
Does anyone else think these coins will skyrocket in value? Only $404.01 and $432.62 for MS69 state quarters! WOW!
This is an awfully weak and transparent attempt to create a market where none exists. I don't thing the collectors here are that dumb. Try QVC or Littleton.
If I read the grading guides correctly the differences are one or two miniscule marks with none in a prime focal area. By definition a 68 and 69 have to be fully stuck with exceptional luster and eye appeal. Why would anyone pay a huge premium for a coin that is virtually identical to a coin just below it in grade? It seems the only major difference is the number on the slab label.
<< <i>I don't know about the price predictions (probably very optimistic) but I do wonder about the fascination and the huge premiums paid for an MS-69 over an MS-68 coin. What are the significant differences in these coins that warrants a 20x or 30x .... 100x premium?
If I read the grading guides correctly the differences are one or two miniscule marks with none in a prime focal area. By definition a 68 and 69 have to be fully stuck with exceptional luster and eye appeal. Why would anyone pay a huge premium for a coin that is virtually identical to a coin just below it in grade? It seems the only major difference is the number on the slab label. >>
There is another major difference and it makes all the difference in the world to collectors;
These are rare in high grade! Even if all of the quarters had been saved and they had all
been sent in for grading, most of these would have very low pops in high grade. All other
differences pale in significance.
Whatever happens to these coins in the future, whether they are avidly sought by millions
in any grade or collected by a handful from circulation, the fact will always be that most are
not readily available in high grade.
Perhaps the only worse speculation than high grade states issues is that there will even be
a hobby in twenty years if we don't attract, educate, and retain a new generation of collect-
ors. I don't pretend to know how to do this, but it seems that this thread would hardly be
the type of encouragement that many of them need.
The fact that the thread and most of the posts are meant in jest is hardly lost on most readers,
probably.
What matters is that these highly graded specimens are extremely rare and will be highly sought after now, and 100 years from now.
Now, of course, MS65/MS66 State Quarters will be nice to own but will have very little upside potential, now or ever.
<< <i>Here we go again, if you do not buy into the high grade modern hype, the hobby will suffer. Give it a rest. If anything, it will hurt the hobby, not help it. >>
You are wrong. 100% wrong my friend.
The large increase of collectors the last 5 years are all demanding modern stuff, especially HIGH GRADE PQ modern stuff, and they all love State Quarters and Commems. We are now creating a generation of collectors who crave high grade modern slabbed rarities and in 30 years they will be driving the market (and then their kids, generation #2). Some people think they are driving the market now.
I think right now it is a combination of those of us who have been around more than 10 years and the NEW kids on the block.
Modern stuff is sizzling hot and only shows signs of getting hotter.
Of course, older high grade PQ stuff is blazing too, but I am focusing on your comment about modern stuff "hurting" the hobby in the end.
I don't think you can be more wrong.
<< <i>What FOM needs to do is buy up EVERY MS69 State Quarter that is for sale or gets made! Kind of like Russ with AH Kennedys! If he has every MS69 then people will have to pay his price if they want a high grade MS69 quarter! Right now there are about 152 MS69 state quarters graded! Better get buying them at ANY price and you can corner the market!!! >>
Interesting. That might work.
This is David Hall's answer to Tom about the modern Commem market:
Hi Tom,
I'm still very bullish on modern commems. My bullishness is based on two things. First, collector demand is enormous. People love to collect these coins...and they're very beautiful and very affordable. Second, the U.S. Mint has done a stellar job in marketing and product creation and promotion in the last 7 or 8 years. I believe they will continue to produce fun coins and they will continue to bring new collectors into the market.
For long term potential I like the Jackie Robinsons and the other earl 1990s issues. They seem to be the hardest to find in quantity. I'm not really an expert in modern coins, but those are the ones that seem the best. I'm also not too sure about what to make on the prices for 70s.
David
This is David Hall's answer to Tom about the modern Commem market:
I'm still very bullish on modern commems. My bullishness is based on two things. First, collector demand is enormous. People love to collect these coins...and they're very beautiful and very affordable. Second, the U.S. Mint has done a stellar job in marketing and product creation and promotion in the last 7 or 8 years. I believe they will continue to produce fun coins and they will continue to bring new collectors into the market.
For long term potential I like the Jackie Robinsons and the other earl 1990s issues. They seem to be the hardest to find in quantity. I'm not really an expert in modern coins, but those are the ones that seem the best. I'm also not too sure about what to make on the prices for 70s.
David
This has been the case for the last 4+ years.
It will last ATLEAST until the end of the State Quarter Program (2008), but I predict it will last even longer than that.
<< <i>The price will decrease as the population increases.MAYBE in the future, they will level off and THEN increase in value.This may take 3 - 7 years. JMO >>
Agreed. That is why I mainatin my claim that the will have great LONG TERM value.
I would not want to buy Pop Top State Quarters now to move in a year or two. But them and hold for 20+ years, that is the key.
That is why I mainatin my claim that they will have great LONG TERM value.
I would not want to buy Pop Top State Quarters now to move in a year or two.
Buy them and hold for 20+ years, that is the key.
Holy cow I am getting bad!
Sorry for the spelling errors!
last year. I got over 100 MS68 PCGS State quarters last year and 5 MS69s. This year I've submitted 3 state quarters out of the same number of mint
sets as I bought last year. MS66 is the best I got. The coin might be a 67, but it is not a 68.
We'll use our hands and hearts and if we must we'll use our heads.
it will be much cheaper for us to buy them up if no one else knows
<< <i> Some people think they >>
(moderns)
<< <i>are driving the market now >>
In a sense moderns are driving the market. Yes, they are a tiny part of the total size
of the market and only a little larger part of total new sales but they are a huge part
of the vitality of the market and the fresh faces and money entering the hobby. They
are a large part of what's keeping the corner shops going despite the huge amount of
business being siphoned off by ebay and the net. Perhaps most importantly it was mod-
erns which pulled the hobby out of its funk in the mid-'90's.
And it is only these collectors who can still be a vital force in the coming decades. Will
they collect states quarters in high grade? There's no wat to know of course, but asking
them will yield some insights into what directions they might take in the future.
IMHO, for some reason, DHRC did very poorly in the subject ebay auctions where they only realized the low $400's/coin for their MS69 state quarters. These are among the lowest sales prices I have ever personally seen on those (2) particular coins, even with their pops in the mid-30's. So, FOM created this thread - showcasing DHRC's low prices. I don't "read" this thread to be as "complimentary" to CU as others here feel it is.
Wondercoin