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Replies: 20 / Views: 2,847 |
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Pillar of the Community
United States
616 Posts |
You're veering into uncharted territory with this one!  The PCGS Census Report states Top Pop for this variety is a sole 68 valued at $250 with no CAM's or DCAM's attributed across the board. Sending it in for attribution should not affect the grade, being that it's not a re-grade, just attribution. With such a small census across the board, this coin could be a game changer!  There's an unattributed NGC PR67 on the bay right now with a BIN price of $105. Not sure of NGC's official pop. for this variety, but one could assume it would be just as low. But as with any other durable good, it's value will be determined by just how much someone is willing to pay you for it on any given date and time. My guess...Top Pop Variety out of an already extremely low total populated census (aka-Supply) equals to obscenely high interest (aka-Demand) from the high end Registry Set builders.  I'm an optimist, so I'll just say, "Sky's the limit on this one!" 
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Bedrock of the Community
United States
62064 Posts |
I feel the real value is more in the graded coin. The mint mark issue is not a premium for your coin. You might check the PCGS site to see if they give a value for your coin? There were a lot of high grade proof coins in the 1960's. So you would need a price for that year on this. BU coins some years don't grade very high, some proof coins do have higher grades.
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Pillar of the Community
United States
616 Posts |
Quote: I feel the real value is more in the graded coin. The mint mark issue is not a premium for your coin. This statement doesn't make any sense to me. Since when has a normal PR69 slabbed coin held more value that the same PR69 coin, with a scarce RPM attribution?  Here's the official PCGS Coin Facts pricing for both coins. 1968-S 25C PCGS PR69 $45 1968-S 25C PCGS PR69 "RPM FS-501" $500+ Coop, I beg to differ. I'm quite certain the real value of this coin lies with the mintmark. 
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Pillar of the Community
United States
4113 Posts |
 WTG, Congrats on a great find!
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Valued Member
United States
334 Posts |
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Valued Member
 United States
54 Posts |
At the risk of seeming overly needy, I need more advice here if some of you are willing to provide. I think the right thing to do is to send it to PCGS to have the variety affixed. For some reason, I'm nervous about that. I sent them an email asking whether or not it could be downgraded in the process, and I got a rather generic response back basically saying "we can't guarantee that."
So, my questions are around submitting (I'm already a PCGS member, though I haven't submitted anything yet). It seems like I should submit as a "reholder" with the "variety attrib" selected... identifying as an RPM FS-501. Questions are:
1. Does that sound right? 2. Is there a risk of downgrading because of the RPM? 3. What's the best way to send the slab? USPS Priority with the form and insurance?
I would just hate to get it back with the attrib but with a grade change to 68. Any advice would be most appreciated. I feel like I have something cool here, and I don't want to screw it up. Thanks!
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Valued Member
United States
477 Posts |
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Bedrock of the Community
United States
62064 Posts |
Edited by coop 03/19/2016 01:33 am
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Valued Member
 United States
54 Posts |
I think my last questions kinda got lost in the thread - can anyone help me out?
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Bedrock of the Community
United States
62064 Posts |
PCGS only uses the FS numbers for the grading purposes, which also costs more for this service. Anacs will graded with other attributors numbers. (even coppercoins numbers will also work) So you would need to see if it matches the FS numbers. Then you might have a chance. They will tell you how to send your coin. I would make sure you have a match before you submit your coin. It is always safe in the holder you have. If you have to send it back to them, they will probably ask you to remove the coin from the holder. (which I would not do) IMOHO
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Valued Member
 United States
54 Posts |
Well, I'm certainly not going to take it out of the holder. Thanks's coop, I'll give them a call this week and talk to someone about it. As always, I appreciate your taking the time to respond.
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Valued Member
 United States
54 Posts |
UPDATE: Just got it back from PCGS with the RPM 501 designation affixed (yay). My first cool discovery. It's now in the pop report (the only PR69 for the 1968s) - no value attached. I assume it has to get sold before it gets a value? I was hoping they'd throw out an estimation, but to no avail. Do you guys know how that's done? Do they track sales and publish the latest value based on that? I'm interested to learn about the process. (I have no intention of selling it, regardless of value)
Thanks for everyone's support. I'm so addicted to reading posts in this community.
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Bedrock of the Community
United States
62064 Posts |
If you do have it slabbed, you might add it is a 'discovery piece' plate coin. (If images are posted on their site or in the next publication?)
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Pillar of the Community
United States
616 Posts |
I told you that you had a very rare proof variety in your possession! Like I said, the coin is a real game changer for the series, although wouldn't be considered the "Discovery Coin" as Coop suggested since it's not the first known example of that variety. Who cares! You now have in your possession something MUCH better, the finest known example of that variety giving it the prestigious title of TOP POP 1/0 with none finer! And being that it is attributed in a PCGS slab, along with its very low population figures, (only a handful attributed across all grades) it makes it HIGHLY DESIRABLE to the high end Registry set collectors which could easily result in a an all out bidding war if you were to list it in one of Heritages high end, well publicized rare coin auctions they have every year! Personally I think your setting on a small fortune, I'd put a conservative estimate on it of close to 5 figures if not more. Just go look up the value of other top pop 1/0 variety coins, it's quite impressive! Congrats, on the Cherrypick of a lifetime and I'm so glad you followed through and resubmitted the coin!! WOW! Hell, I'm happy for you! ( *with a pinch of jealousy!)
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Valued Member
 United States
54 Posts |
JDRMCB, if you're up for it.. can you shoot me an email? I'm too nooby to send emails in here and I'd love to pick your brain a little.
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Replies: 20 / Views: 2,847 |
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