| Author |
 Replies: 6 / Views: 532 |
|
|
Pillar of the Community
Canada
595 Posts |
I was just checking out 1 cent coins on the "Coins and Canada" web site. in particular was was looking at the 2004/2005 one cent coins. I see that often there is a significant jump in value of coins graded MS63 VS MS64 . In this case (2004P) jumped .40 to 5.80.
Can anyone explain why this is so?
|
|
|
|
Bedrock of the Community
United States
37248 Posts |
Supply and demand. Less graded in MS64. John1  ( I'm no pro, it's just my humble opinion )
Searched 5+ Million Cents Since 1971
|
|
Pillar of the Community
United States
944 Posts |
 If I was looking for a coin and found one with a price gap like that 2004P you mentioned, I would absolutely take the MS63. There's really not enough of a physical difference between the grades to make it worth paying more for literally the same coin. Of course, some collectors have the need for 'top-shelf' grades, and are willing to pay almost anything for what they want, but for the rest of us who also need money for food and housing a lower grade suits us just fine.
|
|
Pillar of the Community
United States
893 Posts |
"Conditional rarity" is a term often used. For most coins, there is a point along the way from Poor to Perfect where coins of a certain grade make a significant jump in value as it's where rarity becomes a significant factor and demand may likewise spike also. Very few coins would ever have a steady and even climb in values all the way from Poor to Perfect. As you see, 64 happens to be a point for this year.
My hoard of '82s is up to 204! 218 BC x 1, 118 BC x 3, 18 BC x 1, 82 x 1, 182 x 1, 282 x 2, 382 x 1, 582 x 2, 682 x 1, 782 x 2, 882 x 1, 982 x 4, 1082 x 1 1182 x 8, 1282 x 2, 1382 x 1, 1482 x 5, 1582 x 13, 1682 x 15, 1782 x 57, 1882 x 49, 1982 x 33
Edited by Collects82
10/10/2020 11:11 am
|
|
Pillar of the Community
Canada
595 Posts |
I see, thanks.
I thought maybe there was a significant jump in the grade at this point or something. Thought I was missing something.
|
|
Valued Member
Canada
471 Posts |
The mint state grades are sort of odd. All about that elusive mint frost and lack of wear. Doesn't necessarily mean they're the most attractive coins. There are lots of AUs that are nicer to look at than some of their MS counterparts. You can find AUs that have no bag makes but, instead, very modest wear on the highest points of the coin. In contrast you can have lower grade MS coins with no wear but lots of bag marks. George IV coins are particularly susceptible to this - lots of post-mint scars on the King's cheeks for example....
|
|
Pillar of the Community
Canada
572 Posts |
When it comes to modern coinage most collectors will bypass MS-64 entirely and opt for MS-65. I've met some well known dealers in the past who don't recognize MS-64 and consider it a split grade, purchasing any graded MS-64 coins as MS-63. Buy the coin. Eye appeal is a key component of value.
|
| |
Replies: 6 / Views: 532 |
|
Posted 10/10/2020 10:02 am
