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 Replies: 9 / Views: 1,801 |
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Valued Member
Canada
372 Posts |
We all know about the different issues for these 2 years:P,no P,Mint Logo,no logo,magnetic and non-magnetic.My question is :was there ever a mintage released for the different varieties?Michael Findlay in the CCN shows a Trend value for the different type up to MS-65. The proplem with the modern issues (actualy not a problem)is that due their composition many are now graded MS-66 and 67 I would like to know where we can actually find the value of these higher graded coins .The Standard Certified Price Guide has listed prices up to MS-66 but these are not realistic IMHO.  |
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Pillar of the Community
Canada
899 Posts |
Some one correct me if I am wrong but I believe the price trends would be set from prices realized from auctions and the price guides would be adjusted accordingly reflecting the higher grades along with the recent prices. Also the prices may fluctuate up or down as the market changes.
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Pillar of the Community
Canada
1051 Posts |
I doubt the Trends editor would spend any real time trying to figure out ultra-modern MS-67 prices.
People who are into that type of specialized area will generally watch the sales themselves and have
a fairly good idea of what the prices are doing. George VI cents in MS-66 have no "official" price
either, though their value is fairly well established and known by those who seek them.
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Valued Member
 Canada
372 Posts |
I do not think that collecting high grade coins is a specialized area.Many collectors and I am one of them constantly try to upgrade.Collecting 1859 varieties to me is one.As far as I am concerned,it would be more realistic to price MS-66 and 67 than 64 and 65 for modern issues.Collectors now days go through many coins to pick the best they can find to be certified.I think that the modern issues in MS-65 are no longer worth the price of certification unless they represent a variety or error.If we follow listings on ebay,there are 100's of coins graded this high.With the breaking-up of PL sets,same would apply since Cameo,HC or UHC have been replaced by 66,67 or 68.This is only my opinion and the reason for these forum.I appreciate all comments. |
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Valued Member
United States
324 Posts |
Cameo, HC or UHC - these coins seem to have more or less ended production after 1975. Likely, the mint changed a process in 1976. As for newer issues, the bulk of the certified coins that trade are MS66. A few Gem MS66s trade along some MS67 coins. MS65 graded coins trade too, but they are few in number.
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Pillar of the Community
Canada
1051 Posts |
cd, I guess I can see your point. Certainly the very modern stuff in MS-65 is not exciting to most, generally
people are looking for 66 or 67 level stuff (I am considering "ultra modern" 2000+ dates).
The "foreword" in the Charlton guide has made numerous mentions of the interest in high grade modern coins over the last few years,
yet doesn't make an attempt to price them in the 66+ business strike grades. Oddly enough, if you go back a few years, the Charlton DID price tiara-portrait 1 cent coins in MS-66, but later stopped doing so. I wish I knew why since it's an area of a lot of interest to me. IIRC, they did it for a couple other denominations as well, but also dropped them.
mkb - I've never seen a cameo coin from 1976, so I think you're right. I know ICCS calls 1977 and later "NBU", but I still don't know what a 1976 is classified as (PL or NBU). Anyone know?
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Valued Member
United States
324 Posts |
1cent, to me a coin is classified as PL based on its finish. Its usually easy to distinguish (PL) coins from uncirculated sets versus general issue (MS) business coins. I believe ICCS classifies coins from uncirculated sets as NBU from 1976 to the present. PCGS does not. PCGS still uses PL for these coins. I still call them PL as do many others. Note that minting technology appears to have changed in recent years, and it seems many business coins have a PL finish on them in addition to the historically more typical finish having luster. If a coin has luster on it, collectors will view it as an MS coin.
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Valued Member
Canada
372 Posts |
This issue of NBU vs PL has been discussed at lenght in many forums.To me,a MS coin has not been in circulation otherwise it will be graded AU at best.It also has to be a coin minted for circulation meaning you will find it distributed to the population through the banking system.We use to have Mint Bags,now Mint rolls. All other coins are NCLTC or Not Circulating Legal Tender Coins and include Proof Like ,Proof and Specimen.Graded as NBU or PL only add to the confusion.Just look at the title for the 2010 Charlton Catalogue Volume 1 NUMISMATIC ISSUES. IMO,the grading services should have had discussions and all agree to the same terminology prior to modifying their holders.Boy am I dreaming.LOL  |
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Pillar of the Community
Canada
1051 Posts |
mkb, I still call any set sealed in mint plastic a PL set, whether it's pre- or post-1975. This may or may not be
correct, but I use the term for general purposes.
The question has to be asked though (and has - ad nauseum) about how to classify low quality modern "PL"
coins from low quality sets that are indistinguishable from their circulating counterpart. If the finish is not
"proof like", what is the coin? The flip-side of that being, of course, if "MS" coins are being packaged into "PL" sets,
is it fair to cherry pick an "MS" coin from a sealed set, and submit the coin to be graded as a business strike?
cd, it's funny you mention the Charlton volume 1, I also had to do a double take when I got mine as I thought I had picked up volume 2 by accident. Why oh why didn't they just call it "Volume 1: Circulation issues"?"
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Valued Member
United States
324 Posts |
1cent, and to muddy the waters a little, I have a few coins from 1960s uncirculated sets that have high mirror finishes consistent with Specimen graded coins... I also have a coin (coins?) from a Specimen set (late 1990s?) that looks no better than an MS coin...
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Replies: 9 / Views: 1,801 |
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Posted 10/12/2009 10:11 pm
