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 Replies: 95 / Views: 10,307 |
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Pillar of the Community
Australia
515 Posts |
Lots of posts here and healthy discussions about perceptions of worth. I had thought I overpaid for markn's MS64 but I'm happy, they come around rarely (there are NO others slabbed -not that that means anything to a lot of posters here who are anti-slabs). Cost $300.
I think the millenium incuse is a sought after decimal, one of say the top 3 that collectors search for (wavy 2, mule). Go to a coin fair, what are people collecting? Decimals! I have had enquiries and could have sold the unc incuse 3 times over had it been on the open market.
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Pillar of the Community
 Australia
1295 Posts |
Quote:
the incuse is a simple circulation error coin, with no factual numbers of mintage, somewhere from 100k to 200K is the most common answer, not 24, and I would hope those dealers tried to make up some of the difference to the sellers, but I doubt that lol.
i agree the coin deserves a little extra value than the average, maybe even twice average value. but having said this I'm sure if you put it up for $250 or more it will sell at sometime, but what will it do to the price of the worn or bad ones? in my mind I can see them going up in price so far that the previous $250 top price will seem low. Given that it's an entire die run it's a variety rather than an error. With regards to the price, take a look at the-purple-penny's last post. The coin would have sold 4 times over at $300. That's where the market is at. Worn examples may appreciate but not at the rate that UNC ones do. This is the typical pattern seen for almost any coin. Top graded examples will appreciate faster than worn examples. |
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Pillar of the Community
1119 Posts |
i would hazard a guess the market isn't at $300, just a few well heeled collector/investors are.
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Formerly nancyc
Australia
5385 Posts |
I can't remember for sure. I've found a few, and bought several, so exactly where these two came from is a mystery.
In my opinion, the pictures make them look a lot better than they are in the hand.
life is a mystery to be lived not a problem to be solved
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Pillar of the Community
Australia
1295 Posts |
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i would hazard a guess the market isn't at $300, just a few well heeled collector/investors are. I've quoted two examples of these coins getting $300. the-purple-penny could have easily sold this coin at $300 or more several times over in the time that she had it. The market is clearly at $300 regardless of whether you consider collectors as "well-heeled" for being able to afford that price. If you personally can't afford one at $300 that doesn't change things. I bet you can't afford a VF 1930 penny at $20,000+ (neither can I) but it doesn't change the fact that they sell for that much. |
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Formerly nancyc
Australia
5385 Posts |
Same 2 coins as before, minus the 2x2's this time.   life is a mystery to be lived not a problem to be solved
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Pillar of the Community
Australia
507 Posts |
Very nice nancyc, and just to put that in perspective, here is my recent find. What do you reckon I need - some silver dip and a polish?   |
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Pillar of the Community
Australia
515 Posts |
You guys are lucky, I have never found one. Paid $35 for my well circulated example in a forum purchase and was given one for cost (50c) by a forum mate 6 months earlier. I'd invest in an unc example given the opportunity.
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Formerly nancyc
Australia
5385 Posts |
FNQ, That's a nice looking coin.  Is the Obv as good as the rev? life is a mystery to be lived not a problem to be solved
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Rest in Peace
United States
9104 Posts |
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i would hazard a guess the market isn't at $300, just a few well heeled collector/investors are.
The market price for anything is the highest price someone is willing to pay. If a second item is offered, a new market price is established from the remaining buyers. |
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Valued Member
Australia
414 Posts |
The unc incused flag is worth around the $300 mark because there are plenty of people who are willing to pay that price. They are rare and I'm pretty sure they will appreciate in value. If I had the chance and funds I'd buy one! There is a big difference between the unc examples and the EF example being sold on ebay. Erkle even if you consider them just circulating coins, how many unc examples are there total? 100-1000? Most other coins ready for circulation also appear in mint sets etc so there are unc examples (50K+). There are no incused flags in sets (or wavy 2's or 2000 10c mules) therefore unc examples are particularly rare and worth much more. |
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Pillar of the Community
1119 Posts |
i honestly cant help but think there is a bundle of rolls out there somewhere. I am gobsmacked at what its worth to be honest. from my point of view, I still think its over priced and may even, I hope, have the trend fall off and the price drop, but at this rate a good one will buy a house in 30 years time.
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Pillar of the Community
Australia
1295 Posts |
Quote:The unc incused flag is worth around the $300 mark because there are plenty of people who are willing to pay that price. They are rare and I'm pretty sure they will appreciate in value. If I had the chance and funds I'd buy one! There is a big difference between the unc examples and the EF example being sold on ebay. Erkle even if you consider them just circulating coins, how many unc examples are there total? 100-1000? Most other coins ready for circulation also appear in mint sets etc so there are unc examples (50K+). There are no incused flags in sets (or wavy 2's or 2000 10c mules) therefore unc examples are particularly rare and worth much more. Excellent points. It's certainly much rarer in UNC than say Centenary Florins, which have a mintage of 54,000. Centenary florins were hoarded and are therefore more common in higher grades and because of this common UNC Centenary's only fetch about $550-600. Grade scarcity is an important factor when determining the price of a coin as well as overall mintage. I wouldn't be surprised to see the incuse 50c in higher grades appreciate quite rapidly in a similar manner to Wavy 20's and Meszaros Swan (Goose) pattern dollars. |
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Valued Member
Australia
163 Posts |
Better grades in ebay are getting harder to come buy. Most of them are in quite average condition (i haven't seen many EF's?), and the price point seems to be sneaking up slowly into the $30 - $40 mark. I really like the design, so right now I'm just after a nice one, who knows, might get one that aint too badly circulated. |
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Pillar of the Community
Australia
7096 Posts |
Quote:Better grades in ebay are getting harder to come buy. Most of them are in quite average condition (i haven't seen many EF's?), and the price point seems to be sneaking up slowly into the $30 - $40 mark. I really like the design, so right now I'm just after a nice one, who knows, might get one that aint too badly circulated. I think the design is crappy  but If you are into buying coins to invest I don't think you can go wrong with a few good ones of these tucked away for a few years  |
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Replies: 95 / Views: 10,307 |
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Posted 03/16/2012 9:51 pm
