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 Replies: 34 / Views: 2,842 |
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Forum Mom
 United States
5877 Posts |
You could always use Intercepts and Airtites to protect them.
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Valued Member
 United States
307 Posts |
Susan Now I have to think more!!! I saw Intercepts in the ANA catalog...I guess I'll look again! Speedy |
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Rest in Peace
United States
954 Posts |
Speedy,
If you ever get in a position where you have to sell in a hurry the slab coins won't help you much. Dealers will offer you about 15 cents on the dollar for a slab coin after telling you they don't think the grade is right and dropping it by about 3 points.
If you want to try this therory out take a slabbed coin to the next coin show. One that you feel is graded correctly. Now ask several of the floor dealers what they would pay for it. Don't get upset. They are doing business the way they feel its best for them. Just make a note of the offer and walk away with coin in hand.
catman
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Pillar of the Community
United States
2724 Posts |
Let me add my Two Cents here: The first part of collecting boils down to "who" wants it. Usually the first and last years of the series will have high survival rates. Media attention is also a major focus. Consider the 1909-S VDB. Such a stink was raised about this coin that it was an immediate rarity. I would suggest that you look at condition rarity more than mintage numbers. Some coins are basically extinct in AU or higher. The 84-S Morgan is a perfect example. If you can find a true UNC, the price guides are really unimportant. You can basically choose a price tag and have the dealers all shouting to buy. |
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Valued Member
United States
307 Posts |
Catman
I'll try to remember and try that if I get to go to the coin show this year!
ND
Well...for me it would be hard to get most of these coins in BU...is a 1909-S VDb rare in any grade?
I can see about the Morgan because that seems to be a set everybody wants.
Speedy
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Pillar of the Community
United States
2724 Posts |
The 09-S VDB only begins to get rare at MS-66 and higher. Anything else is actually pretty common. As for true rare coins, look for the obsolete coins like the Half Cent, 2 Cent, and 3 Cent. Some have mintages as low as 12,000 and can be bought for a few hundred dollars. |
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Valued Member
United States
307 Posts |
So a 2-cent or a 3-cent or a Half Cent that is only a few hundred is rare but a 1909-S VDB in the lower grades that is even $500+ isn't rare? It seems to me that when I coin even in the lower grade is over $500 it would be rare...I guess where you are a dealer you deal in coins like that every day but for a collector like me...they would be rare. Speedy |
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Forum Mom
United States
5877 Posts |
Many of the "rare" coins are considered to be rare because of the hype. Like it or not, dealers can create a market for certain coins. Look at the Westward Journey Nickel Coin/Medal sets. The US Mint is the largest dealer in the country. The coins themselves are not worth anywhere near what the set is selling for. The medal is not even solid silver, and the Sac and nickels can be obtained in proof sets at well below the price of the coin/medal sets. It's the same principle. Just because those particular sets were limited to 25,000 doesn't make the coins contained in the set rare, does it?
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Pillar of the Community
United States
2724 Posts |
Susan makes a good point. Mass marketers and large dealers have the ability to control a little of the news, making it possible to keep the hype up. I will give you an example. Today in Baltimore, there were probably 50 1909-S VDB Cents in various grades. With 400 dealers, this equals 1 out of every 8 dealers have the coin on hand. Now, taking a peak for any 1849 Half Cent, 1864 3 Cent Silver, 1865 3 Cent Silver, and none were found. Not one available at any price. I spent more than an hour today looking for a single high grade example of the Type 1 San Francisco Mint Double Eagle. Guess how many were found? NONE. Not a single coin in any grade above XF. Now this isn't from a lack of looking or a lack of funds. These coins just are not available. Now the person who happens to own these types of coins, can pretty easily pick their price when it comes time to sell. Don't fall for the HYPE. Do the research, and you will see just how "rare" some coins truely are. |
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Rest in Peace
United States
954 Posts |
Here have some more fun. Try and find a well struck, 4 step, Full Triangle, 1958-D Jefferson nickel. I will give you $10.00 for such a coin. There probably out there but I sure have been unable to find one. catman  |
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Pillar of the Community
United States
1247 Posts |
I would think "condition rarity" is also subject to supply and demand. As the prices go up for high grades, more people will submit and resubmit hoping to win the grading lotto. When a few of them do win the supply just went up.
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Rest in Peace
United States
954 Posts |
I know what you mean Longnine and agree with you 100%. In this case I really want one as described and not slabbed. However I can break it out of the slab if it fits the bill. catman |
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Valued Member
United States
307 Posts |
ND
I think I see what you mean...
Catman
One reason I don't buy many Raw BU or PF coins is because I've gotten some and about a year latter up pops finger prints...I just found my 1955 Bugs Bunny Half had finger prints all over it...Acetone doesn't take them off...When that happens I end up selling them or trading them for others down the road...I've never had this happen with slabs...Yes...I like raw coins...does this ever happen to anybody eles?
ND
What do you think about using Acetone?
Speedy
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Pillar of the Community
United States
2724 Posts |
Many will swear up and down that acetone will not leave signs of cleaning. However, I am not among these thinkers. If used to remove PVC or Tape residue or some other harmful chemical, I say full steam ahead. Other than that purpose, DO NOT clean coins.
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Valued Member
United States
307 Posts |
I agree with you on not cleaning coins--I took a coin that had fingerprints on it and put it in Acetone and patted it with a Kleenx--the Kleenx left marks all over the coin--I guess its the same as being coved in prints..
Speedy
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Replies: 34 / Views: 2,842 |
First Page
Posted 03/10/2005 5:03 pm
