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 Replies: 12 / Views: 1,505 |
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Valued Member
United States
421 Posts |
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Pillar of the Community
United States
1699 Posts |
You'd be surprised on how hard it is to find a 68. Of course, it is easier in some cases more than others. This coin is overpriced though, imo.
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Pillar of the Community
United States
1213 Posts |
I'd say it's grossly overpriced. Since there aren't many collectors for these anyway.
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Pillar of the Community
United States
651 Posts |
My reaction:  |
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Pillar of the Community
United States
784 Posts |
 and rofl |
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Pillar of the Community
United States
2661 Posts |
Quote:
I'd say it's grossly overpriced. Especially since Numismedia only lists prices for these up to MS67 and that is only $20. I just can't see a $1475 price difference in the 2 grades for this series. |
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Pillar of the Community
United States
1796 Posts |
Simply put: $1,495.95 ==  |
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Pillar of the Community
United States
968 Posts |
Don't forget, anyone can list anything they want on ebay for any price they want. The surprise would be if anyone actually bought it at that price. |
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Valued Member
 United States
421 Posts |
So what I have found out it something to do with the lettering on the edge of the coin. I agree that it is Grossly over priced, I was trying to figure out if I should get a few rolls and do some searching. I did look at the FMV for this coin and it seems way out of proportion.
Thanks all!
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Pillar of the Community
United States
1302 Posts |
it's a problem with modern coinage. MS-68+ coins are rare no matter what, but there are no real indications of what the pops are at that level because it makes no sense to submit lots of worthless coins in hopes that you'll get a high grade coin that will sell at a premium. Furthermore, the value multiplier is based on low pops at the top... so for every new piece that enters the marketplace, the value of all of the coins at that grade goes down.
High end collecting of moderns is highly speculative and very risky- and I would only recommend it to those who are doing it for other than monetary reasons.
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Bedrock of the Community
United States
14454 Posts |
I think the position A and Position B just refers to the direction the edge lettering is read. Position A is read correctly when the Obverse is facing up and Position B is read with the Reverse facing up. I think I remember the Mint coming out and saying there is no "correct" way the lettering is supposed to read as they do not monitor the edge lettering to make sure its one way over another so this should not really add any value to the coin, just another thing PCGS thinks it should market and mention on the label as they do with First Strike labels which really means nothing and they are trying to make a market out of nothing and allot of collectors are falling for it
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Pillar of the Community
United States
2651 Posts |
I recently read somewhere (maybe someone knows where these stats are) an article that showed the odds of finding MS68 MS69 and MS70... I believe MS68's are like 1-200,000+ coins... and 69 was in the millions and 70 is in the billions...I'll try to find the article and edit this post This isn't what I was looking for but it is interesting and relevant...a 2003 RD MS70 LMC sold for $13,500...what people will pay for perfection... http://books.google.com/books?id=cL...roll&f=falseEdited by Jayman931
12/14/2011 2:17 pm
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Bedrock of the Community
United States
17884 Posts |
Quote:
I think the position A and Position B just refers to the direction the edge lettering is read. Position A is read correctly when the Obverse is facing up and Position B is read with the Reverse facing up. It does refer to the lettering position but you have them reversed Position A has the lettering upside down when the obverse faces up. |
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Replies: 12 / Views: 1,505 |
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Posted 12/13/2011 6:50 pm
