Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Coin, Banknote and Medal Collectors's Online Mall Specializing in Modern Numismatics Join Thousands of Coin, Bullion, & Money Collectors Royal Estate Auctions - $1 Coin Auctions300,000 items to help build your collection! Vancouvers #1 Coin and Paper Money Dealer








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

1914 5 Cent PCGS Graded: MS-65, MS-66, And MS-67 Available

To participate in the forum you must log in or register.
Author Previous TopicReplies: 21 / Views: 6,390Next Topic
Page: of 2
Valued Member
Canada
103 Posts
 Posted 10/08/2012  9:23 pm  Show Profile   Bookmark this reply Add yoda to your friends list Get a Link to this Reply
I'm not sure what you mean by "alliance". My take on it is this: the 1914 date has been scarce. There have been well established prices for ages. Along comes a hoard of high grade coins. No one knows for certain where the prices will end up. The trends editors are in an impossible position. They can "set" a new price in trends, based on what the coins "should" be selling for, or they can keep the price in line with what the market price has been, and then adjust trends when there is a price correction. In this case, I actually think that they have it right. They are widely advertising the fact that the hoard has hit the market, and that the price should fall, but they aren't leading the way by artificially creating a new price. Instead, the market will dictate the new price, and the trends will follow. The only one who gets burnt in this case is the person who isn't paying attention. But realistically, I would submit that most buyers of coins >$1000 are paying attention enough to know about this hoard, and know enough to factor it into their buying decisions.
Pillar of the Community
dialog_gvf's Avatar
Canada
1581 Posts
 Posted 10/09/2012  02:54 am  Show Profile   Bookmark this reply Add dialog_gvf to your friends list Get a Link to this Reply
It has the potential to push down all MS grades, so it doesn't end with top feeders.

It is an difficult situation for the Trends editor. It is made more difficult from the apparent fact that those involved in setting Trends don't have access to the hoard. So where are the new prices going to come from?

Pillar of the Community
dialog_gvf's Avatar
Canada
1581 Posts
 Posted 10/22/2012  9:44 pm  Show Profile   Bookmark this reply Add dialog_gvf to your friends list Get a Link to this Reply

The decision, for now, is to "restore" (which should read "maintain" since the price was never actually adjusted IN PRINT), the $1250 price point for MS-65.

The main argument is the coins are selling, to people knowledgeable about the hoard, at original prices ("and above").

There are some dealers on here. So, what would you offer a seller for an 1914 5c MS-65 with good eye appeal?

Pillar of the Community
Pokermandude's Avatar
Canada
1192 Posts
 Posted 04/15/2014  10:37 pm  Show Profile   Bookmark this reply Add Pokermandude to your friends list Get a Link to this Reply
^ That is a good question, and one I was just faced with from a prospective client. Given how it went from being tied with the rarest George V silver 5 cent date coins (other than 1921 of course) to becoming the most abundant in MS65+, I didn't even want to make an offer on it. I haven't seen any sell recently in a true market setting. I'd suspect they would go for a fraction of what they used to go for. Some very "interesting" politics involved the STILL unchanged trends pricing on these particular date coins...

The Shopping Channel is currently advertising a 1914 PCGS MS-65 5 cent at $1,195. Quite a large price increase from the initial offering of <$900 per MS-65 graded piece.
http://www.theshoppingchannel.com/T...nav=R:626752
Edited by Pokermandude
04/15/2014 10:37 pm
Pillar of the Community
Canada
1984 Posts
 Posted 04/15/2014  10:56 pm  Show Profile   Bookmark this reply Add Smallcentguy to your friends list Get a Link to this Reply
Sounds to me like a similar situation to the 2006 magnetic no logo no P cent. A huge hoard was recently found and offered at high prices. I doubt many/any? have sold.

But it is a more common coin. Now MS66 coins don't sell on ebay at $400 or so. They were $900 3 years back.

This coin should sell at half what it used to. But if the seller is patient and strong, it may take 10 or 20 years to get there. It needs to have some of the coins he sells come back into the market to compete against him.
Pillar of the Community
dialog_gvf's Avatar
Canada
1581 Posts
 Posted 04/16/2014  12:26 am  Show Profile   Bookmark this reply Add dialog_gvf to your friends list Get a Link to this Reply
Yeah, 1.5 years later and we still have no movement on the 1914. The MS-65, MS-66 and MS-67 ($6000!) presumably all sold, so their original argument is hard to debate, but I still think the prices are too high.

The crash several of us expected, has not happened.

As for the 2006 magnetic no logo no P cent, I've seen MS-65 going for under $200. MS-64 for under $90. And, as you say, the MS-66 goes unsold at $400. So, there is a definite market trend that should be affecting the Trends on that coin.

The politics of Trends remains obtuse.

Edited by dialog_gvf
04/16/2014 12:28 am
  Previous TopicReplies: 21 / Views: 6,390Next Topic
Page: of 2

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.22 seconds to rattle this change. Forums