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 Replies: 11 / Views: 2,482 |
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Pillar of the Community
Canada
1554 Posts |
 E-bay # 370446032037 Can anyone speculate as to why the 1966 nickel in MS-65 is one of the most expensive post 1936 nickels in this grade? It has a whopping mintage of 28 million, much higher than most Elizabethan and King George nickels, however, commands higher premiums in MS-65 grade. The Charlton and C.C.N. trends both reflect this? Are any of you out there hoarding 'em? Glenn  Edited by glenzy1
01/08/2012 12:26 pm
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Pillar of the Community
Canada
902 Posts |
Search me, trends has it at $350. No idea why it is that high.
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Bedrock of the Community
Canada
10743 Posts |
Well, I have a couple rolls and if I looked there may be a few MS in those, I'm not sure that's hoarding though.  |
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Valued Member
Canada
95 Posts |
Did any explanation ever surface for this nickel being priced so high?
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Pillar of the Community
 Canada
1554 Posts |
Saint, your guess is as good as mine? I suspect that MS-65 grades were difficult to find for this particular year perhaps because of a soft strike on the coins, maybe? Anyhow, this could be a case for Ghostbusters to solve, after all, who ya gonna call! Glenn  |
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Pillar of the Community
Canada
1984 Posts |
ICCS population only 24 vs more than 2x that for 1967, 1967 and 1964. Earlier years have much higher populations. Maybe when they went from 12 sided to round they had lower quality strikes for some reason...?
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Pillar of the Community
Canada
1051 Posts |
Up until a couple years ago the 1966 was very difficult to find in MS-65, I don't remember the exact ICCS pop but I believe it was under 10 (possibly under 5) not too long ago. The rolls I have personally searched were of very low quality, averaging maybe MS-62. As with the 1965 and 1967, prices are slowly falling off as more coins become available. It wasn't that long ago that a 1967 5c in MS-65 was $400-500, now they are what - $100-200? Possible even less now.
Some collectors recommend against collecting modern coins ay high prices, and this is a pretty good example of why. In time more coins surface, and coins once thought to be somewhat scarce end up being found in reasonable quantities.
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Pillar of the Community
Canada
1554 Posts |
Mornin' 1cent, that appears to be the most reasonable explanation regarding the prices of '66 nickels. When you state: " some collectors recommend against collecting modern coins ay high prices, and this is a pretty good example of why. In time more coins surface, and coins once thought to be somewhat scarce end up being found in reasonable quantities." What do you consider the cut off date to be for "modern" coins? Glenn  |
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Pillar of the Community
Canada
849 Posts |
I think that's why I like to buy all my coins raw and just self grade. Seems to be cheaper in the long run, at least with pennies I find. Might be different with big denominations.
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Pillar of the Community
Canada
1051 Posts |
Quote:
What do you consider the cut off date to be for "modern" coins? There was a time when I considered anything post KGVI "modern", but discoveries of coins and lots of 65-66 grade stuff have more or less convinced me that if it's post KGV - 1937 or newer - it's susceptible to the dreaded modern coin devaluation curse. Example? When I first started my George VI cent set, it took me well over a year to put together a set in MS-65, which still was missing a 1942 and 1945, and that was when I was working hard to put it together. Today, with the exception of the previously unnoticed "HR" or "A to" 1949, the MS-65 set can be assembled with relative ease, in a short time, for a fairly reasonable cost. The 1944 in MS-65 that I so desperately wanted in circa 1999 did not exist at that time (mine was a PCGS MS-65 coin). The ICCS pop report had zero in MS-65, and now have a look at the pop just over 10 years later. In all blunt honesty, there are barely more coins than I can count on two hands that interest me in the entire post 1967 era. |
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Pillar of the Community
Canada
1554 Posts |
 Thanks 1cent for the enlightenment, at times it's nice to hear someone put into words what I've been feeling in my heart for years. My cut off date is 1967inc. and anything post that does not interest me. especially when you take into account the new term they are using to describe modern day gems> "NBU"? Glenn  |
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Pillar of the Community
Canada
1192 Posts |
Sometimes the most common dates have very low survival rates in the top grades simply because no one saved them. This also happened with low face value coins in eastern European communist countries after WWII. Some 1950s issues are virtually impossible to find in gem unc grades.
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Replies: 11 / Views: 2,482 |
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Posted 01/08/2012 1:09 pm
