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Replies: 8 / Views: 2,908 |
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Valued Member
Canada
279 Posts |
I have many 68-69 50 cent peices and dollar coins. they are in ms shape. The Charlton guide tells me that a 50 cent peice in MS 65 is 125 dollars value.Everyone else tells me they are face value....now thats a huge difference.dollar coins are the same Charlton value MS65- $125 ..everyone else says $ 1 ....what the @#%#@!*& gives?
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Valued Member
United States
324 Posts |
For starters, with MS coins, there are three price levels - regular price, gem price and ultra gem price. And prices often range by a factor of 5x from regular to ultra gem for MS65 coins - all within the same grade. A good portion of MS65 coins will trade at a gem price, but there are still enough of them that trade at regular prices. A gem designation usually means the coin is free of distracting stains, blemishes, and so on; and has exceptional luster. An ultra gem coin is a gem coin that almost looks like the next highest grade. As for an MS65 1968 50c piece in gem condition, these are hard to find. As for book value prices, only a small portion of coins will trade at those levels since they are full retail prices. Most coins trade at some discount relative to book value depending on the venue (buying from a dealer, selling to a dealer, buying form an auction, etc). If you have an MS65 coin and list it for sale on ebay, you may get no better than a price for an MS63 coin. The best option is to get it graded and then sell it at a major auction.
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Valued Member
 Canada
279 Posts |
mkb thanks for your input. I understand the different grades of MS although I am not capable yet of grading myself. My coins ,no one has seen to grade them. they were bought in rolls fresh from the bank and stored since 1968.But when I ask a dealer etc about value they all say they don't want them. they don't even ask about grade or anything.Its always FV or less it seems..May be ebay is the way to go and I need to slab them.!?!
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Valued Member
United States
324 Posts |
For coins of that vintage, most are MS63 or less. You could have a few MS64's in the roll. An MS65 would be a bit of a stretch. But varieties are also worth checking for. There is quite a few in the dollar series, and even a few in the 50c series. Can you post a decent quality images of your best looking 50c and dollar coins?
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Pillar of the Community
Canada
1051 Posts |
From my experience, it would seem that you could get catalog prices for the coins, assuming 1) they are MS-65 or better, and 2) they are certified by ICCS. For the modern issues that are condition rare but common overall, it's imperative that they be in an ICCS holder. As mkb points out, the coins are easy in MS-63, maybe MS-64, but the population thins out substantially at the MS-65 level. Many of the more serious modern collectors are going to be looking for MS-65 as a minimum grade, and that's why the price spikes so much at that level and above, while the lower grades are basically pocket change.
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Valued Member
 Canada
279 Posts |
Thank you guys for your input. So what about an MS63 coin 1cent? From your post I gathered you are saying what everyone says..if it isn't at least ms 65 dont bother with it as they are easy you said.I dont disagree they are around , so why again, does Charlton list a MS 63 at 15 bucks or a 64 at $30 ? 1cent you basically said its pocket change ? So is it $15 or $1 for an ms63?...back to square one..lol
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Pillar of the Community
Canada
1051 Posts |
It's probably a bit more than face value for an MS-63, but not much. If you know how much the rolls costs, and divide that by the number of coins in the roll (and assume the average coin in the roll is going to be around MS-63), you have a pretty good idea of the value of a MS-63. Nobody is going to pay much more, because they could just buy their own roll. As for why the guide lists the prices the way they do, I have no idea. A lot of modern stuff goes parabolic price-wise at MS-65, my theory is just that the guide tries to smooth the curve out, even though it doesn't really represent the real world. 1960's to 1970's 1 cent pieces are listed at $5 each in MS-63, but the ones I get from rolls just get tossed into the change jar and rolled up for cashing in at the bank later (at face value).
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Valued Member
United States
324 Posts |
Part of the reality of a dealer (or anyone for that matter) selling a coin is the amount of time it takes to look after low end items. How long does it take to put 100 coins bought for 10c each into a 2x2 flips for someone to view or to take pictures and list them for sale on ebay? How long will it take before they sell? How much should the charge be? If the coins are sold at a price of $1 each, and all of them are sold, how much does whoever is selling them make per hour for all of the time involved in the excercise - buying, packaging, labelling, storing and selling? When you figure it out, its a waste of time. This in part is the reason why there is a significant disparity in book value prices at the low end scale versus what often happens. Dealers do not want to bother with such stuff even though its worth more than face value. Unless a 1968 1c coin is MS65 and at least 95% red, there is no point in certifying it since the cost of certifying will either eat up much of the full value of the coin or it may even result in a net loss to whomever has it certified. On the same token, how much time and money does someone want to spend to get a $5.00 item for $3.00 or even $1.00? Is "saving" $2.00 or $4.00 worth hours of time and perhaps expense in driving around to dealers or shows to get the best deal? That said, a BU roll of uncirculated 1968 1c coins could sell from $5.00 US to $20.00 US on ebay, with the $20.00 price being for an original unopened roll.
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Pillar of the Community
Canada
1051 Posts |
That $5.00 MS-63 price I quoted was from the Charlton, in case anyone was wondering. The new Trends says 50 cents, which is probably reasonable. mkb's $20 estimate for a fresh mint roll divided by 50 coins (1 cent) = 40 cents each.
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Replies: 8 / Views: 2,908 |
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