Pop 1/0 owners, how worried are you that a better coin may some day show up?

chabot510 · May 4, 2006 1:46AM

I was wondering this earlier today. If you are the owner of a coin w/ a pop of 1/0 (let's say PCGS plastic), how worried are you that a better coin might some day show up in the reports. For instance, the SP 67 Half Disme is right now a 1/0. However, I believe that there are reports of a better specimen that could me a 68 (I think).

One of these coins could tremendously hurt the value of your coin, so how afraid are you of those raw coins out there?

tradedollarnut · May 4, 2006 1:52AM

There was an NGC 68 half disme publicly displayed at LB that has now disappeared from the pop reports.

For me, it makes a huge difference if my coin is high end and has a history of being acknowledged as the finest or if it's low end. In the case of the former, the thought of a new coin at that grade doesn't bother me that much ... in the latter case it certainly does.

Russ · May 4, 2006 1:53AM

I own a pop 1 1964 PR60 Kennedy. I'm not worried in the least.

Russ, NCNE

ColonialCoinUnion · May 4, 2006 2:10AM

<< For me, it makes a huge difference if my coin is high end and has a history of being acknowledged as the finest or if it's low end. In the case of the former, the thought of a new coin at that grade doesn't bother me that much ... in the latter case it certainly does. >>

I agree with the chief. Some coins have been acknowledged as the finest long before the pop reports were assembled - if you own of those, then it doesn't matter. If you own some juiced up gift in a high end slab then it matters.

relayer · May 4, 2006 2:26AM

I've had a NGC coin with a POP 1/0 at both PCGS and NGC, turn into a POP 2/0 - during it's auction on eBay.

Coxe · May 4, 2006 2:30AM

I was in the position before where two others came forward. One was graded at the same level and one a point higher. Didn't hurt me one bit, then nor when I sold it. My current 1/0 coins wouldn't be shaken either. They are still great coins nonetheless. If your coins make your ego, and I suppose some people do go out and buy such an ego, then I reckon this sort of thing would be worrisome for them. I do have a limit though. If I had the 1903-O 1/0 just prior to the Treasury relase of bags of them........

chabot510 · May 4, 2006 2:31AM

i agree with having a high end coin vs. high end plastic. but some coins are out there that you just don't know about (even the experts don't know about, i.e. the 1854-S $2.5 last year).

Russ,
How would you feel if it was say (theoretical) a 68 DCAM Hairy Head that you paid over $3,000 for because it was the finest known at the time. 5 months later pass and all of a sudden there is a 69 DCAM that reduces your coin to around $1,000? Completely hypothetical.

Just throwing some thought out there.

relayer · May 4, 2006 2:35AM

<< 
Russ,
How would you feel if it was say (theoretical) a 68 DCAM Hairy Head that you paid over $3,000 for because it was the finest known at the time. 5 months later pass and all of a sudden there is a 69 DCAM that reduces your coin to around $1,000? Completely hypothetical.
>>

Russ would still be happy, because he would be the one to make the 69 DCAM

rsdoug81 · May 4, 2006 2:37AM

This is exactly why I make it a policy to never buy nice coins.

airplanenut · May 4, 2006 2:39AM

<< 

<< 
Russ,
How would you feel if it was say (theoretical) a 68 DCAM Hairy Head that you paid over $3,000 for because it was the finest known at the time. 5 months later pass and all of a sudden there is a 69 DCAM that reduces your coin to around $1,000? Completely hypothetical.
>>

Russ would still be happy, because he would be the one to make the 69 DCAM >>

Don't forget that he wouldn't buy a 68DC, just make that, too

chabot510 · May 4, 2006 2:54AM

<< 

<< 

<< 
Russ,
How would you feel if it was say (theoretical) a 68 DCAM Hairy Head that you paid over $3,000 for because it was the finest known at the time. 5 months later pass and all of a sudden there is a 69 DCAM that reduces your coin to around $1,000? Completely hypothetical.
>>

Russ would still be happy, because he would be the one to make the 69 DCAM >>

Don't forget that he wouldn't buy a 68DC, just make that, too

>>

I forgot! D`oh!

Russ · May 4, 2006 2:54AM

<< How would you feel if it was say (theoretical) a 68 DCAM Hairy Head that you paid over $3,000 for because it was the finest known at the time. >>

If somebody was selling a PCGS PR68DCAM Accented Hair for $3000 I'd find the money to buy it even if I had to steal it from Marty.

<< 5 months later pass and all of a sudden there is a 69 DCAM that reduces your coin to around $1,000? >>

Even if they did, the PR68DCAM would still be worth more than $3,000. BTW, the likelihood of a PR69DCAM being graded at PCGS is roughly equivalent to winning the Powerball.

Russ, NCNE

chabot510 · May 4, 2006 2:55AM

<< 

<< How would you feel if it was say (theoretical) a 68 DCAM Hairy Head that you paid over $3,000 for because it was the finest known at the time. >>

If somebody was selling a PCGS PR68DCAM Accented Hair for $3000 I'd find the money to buy it even if I had to steal it from Marty.

<< 5 months later pass and all of a sudden there is a 69 DCAM that reduces your coin to around $1,000? >>

Even if they did, the PR68DCAM would still be worth more than $3,000. BTW, the likelihood of a PR69DCAM being graded at PCGS is roughly equivalent to winning the Powerball.

Russ, NCNE >>

It was purely hypothetical. I am not aware of the prices for the Hairy Heads in the upper-echelon of grades.

Russ · May 4, 2006 2:59AM

<< I am not aware of the prices for the Hairy Heads in the upper-echelon of grades. >>

If a PR68DCAM were to come to market right now, it would bring between $8500 and $10K.

Russ, NCNE

chabot510 · May 4, 2006 3:00AM

<< 

<< I am not aware of the prices for the Hairy Heads in the upper-echelon of grades. >>

If a PR68DCAM were to come to market right now, it would bring between $8500 and $10K.

Russ, NCNE >>

Pop 1/0 owners, how worried are you that a better coin may some day show up?

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