Coin Community Family of Web Sites
Like us on Facebook! Subscribe to our Youtube Channel! Check out our Twitter! Check out our Pinterest!
Username:
Password:
Save Password
Forgot your Password?


Welcome Guest! Need help? Got a question? Inherit some coins?
Our coin forum is completely free! Register Now!

Why Are Some Coins Graded MS64 So Much More Valuable Than MS63?

 
To participate in the forum you must log in or register.
Author Previous TopicReplies: 6 / Views: 532Next Topic  
Pillar of the Community
Canada
595 Posts
 Posted 10/09/2020  8:05 pm Show Profile   Bookmark this topic Add North of 49 to your friends list Get a Link to this Message
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
 Posted 10/10/2020  04:48 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
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
 Posted 10/10/2020  10:02 am  Show Profile   Bookmark this reply Add atticguy to your friends list Get a Link to this Reply
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
 Posted 10/10/2020  11:11 am  Show Profile   Check Collects82's eBay Listings Bookmark this reply Add Collects82 to your friends list Get a Link to this Reply
"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
 Posted 10/10/2020  7:21 pm  Show Profile   Bookmark this reply Add North of 49 to your friends list Get a Link to this Reply
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
 Posted 10/10/2020  8:14 pm  Show Profile   Bookmark this reply Add Silver101 to your friends list Get a Link to this Reply
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
 Posted 10/16/2020  5:01 pm  Show Profile   Bookmark this reply Add tamarin to your friends list Get a Link to this Reply
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.
  Previous TopicReplies: 6 / Views: 532Next Topic  
 
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 - 2021 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 - 2021 Coin Community Forums
It took 0.52 seconds to rattle this change. Powered By: Snitz Forums 2000 Version 3.4.05