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 Replies: 21 / Views: 6,383 |
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New Member
Canada
43 Posts |
Just giving other forum members a heads up that the theshoppingchannel.com (TSC) is selling PCGS graded MS-65 (x10), MS-66 (x10), and MS-67 (x1), 1914 5 cent pieces on their website. I cannot attest to the validity of the prices, or grades, listed for the coins on the website (I assume the coin prices listed on TSC are most likely above current market prices for the coins), so please refrain from directing rude/negative comments regarding those topics towards me. Without further ado, links are as follows (all prices exclude shipping and handling fees): MS-65 $888.00 - http://www.theshoppingchannel.com/C...nav=R:510219MS-66 $1,889.00 - http://www.theshoppingchannel.com/C...nav=R:510220MS-67 $5,995.00 - http://www.theshoppingchannel.com/C...nav=R:510221Edited by Mrent
06/19/2012 12:50 am
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Pillar of the Community
Canada
1581 Posts |
I sure hope it is the case on that MS-67 that is scratched to hell.
Ten in stock each of the MS-66 and MS-65?!
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New Member
 Canada
43 Posts |
The amount of 65`s and 66`s they have available irked me as well. At first I thought it was possible that they are fakes (before looking at which TPG issued the grades), and well, the grade certification from PCGS puts a damper on that idea. I guess someone was hording those 1914 5 cent pieces, and finally decided to sell. Edited by Mrent
06/19/2012 01:04 am
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Pillar of the Community
 Canada
9863 Posts |
The ad for the MS67 implies there were 5 at this grade in the hoard.
Absolutely amazing!
No mention of how many 65 or 66 were in the hoard but check out the PCGS pop report.Trends pricing for mintstate 1914 5cents is sure to drop dramatically.Those who thought they got a bargain today will soon be disappointed.
Edited by DBM
06/19/2012 01:42 am
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Pillar of the Community
Canada
2425 Posts |
 with DBM! |
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Pillar of the Community
Canada
2301 Posts |
Wow, a true sleeper coin just became numerous!!!
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Pillar of the Community
Canada
576 Posts |
I have been thinking about sending some Canadian coins to PCGS. Now I'm thinking about it even more. Why settle for less when more is available?
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Valued Member
Canada
475 Posts |
THIS IS JUST THE RESULT OF A HOARD OR A SINGLE ROLL COMING ON THE MARKET. It is not the first or the last time that this will happen. The way Stephen Bromberg is marketing them kind of scews the market for sure but oh well! His coins and his business. Surprisingly some of the deals offered on the shopping channel are not that bad! PS a roll of 1913 5 cents showed a few years back.
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Pillar of the Community
Canada
1581 Posts |
CCN Trends has discussed the 1914 5c this in the last two issues. The Trends editor (Sean Isaacs) put in an unspecified change that didn't make it into the previous issue. And still nothing has changed (I guess some dealer/owner something-storm hit and they took a pause), but he is talking about it again.
Sean is proposing the MS-65 be adjusted from $1250 down by 1/3. Which I think is still ridiculously high, since it appears maybe up to 200 pieces of MS-65 and better were discovered. That's a massive spike in top-grades. It probably should be somewhere in the $400-$500 range for MS-65.
For sure, anyone who bought into the shopping channel sell-off is going to be fighting mad at the drop off coming up.
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Valued Member
291 Posts |
I wouldn't be interested at those prices.
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Pillar of the Community
Canada
2366 Posts |
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Pillar of the Community
Canada
1700 Posts |
Are those minted with really weak dies? The MS 67 doesn't seem to show many deails.
By the way, the MS 67 looks to be scratched.
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Moderator
 Canada
10456 Posts |
The dies are not weak - the strikes, however, that is a different matter... I suspect the coin is better in hand, PCGS just does not hand out MS-67 grades, if the eye-appeal is not there...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
1581 Posts |
More talk in the latest CCN. And still no adjustment.
The Trends editor is clearly getting a lot of blow-back from stakeholders wanting to prop up the current listing price. There is an argument that Trends should be reflecting the prices realized and not be setting them, but the editor is clearly uncomfortable leaving a grade scarce pricing and ignoring a HUGE hoard of 200+ MS-65+ coins. Something like insider information.
Some stakeholders are trying to push that the market could sustain the $1250 MS-65 through a distribution of the hoard. This concerns me since it reads more like the stakeholders wanting to unload their coins before the coming crash.
There is no way, with proper knowledge of the hoard, that collectors would pay a massive premium on 1914 5c compared to other dates of similar high-grade availability simply because it was once scarce in high grade.
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Valued Member
Canada
103 Posts |
it's a simple matter of supply and demand. In my opinion, the supply in the ms 65 and 66 grades will exceed the demand, so the prices in those grades will fall. My guess is that the price of the ms 67 coins will remain fairly firm, since there's only 5 of those coins, and there are at least that many collectors who are looking for the finest examples possible of each date.
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Pillar of the Community
Canada
1700 Posts |
Is this an alliance or something?
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Replies: 21 / Views: 6,383 |
Posted 06/19/2012 01:00 am
