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 Replies: 20 / Views: 4,603 |
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Pillar of the Community
872 Posts |
In the not to distant past, I decided to take advantage of ANACS and the "LFO" Limited Fall Offer. I decided to pull 19 of the 42 out of a tube, give them a quick look over and send them in without being too picky. I wanted these graded for upcoming shows in 2014, and with all the other actions of chaos popping up around here (Like me buying additional 5,000 bags) I thought it would be best to send them on their way and forget about it, until due time. I have the son inspecting the coins and cases thoroughly, and will reveal the ANACS numbers soon in this post. In a nutshell these are the grades that I received  ; 1972 1C DDO FS-103 DIE 3 MS65  1972 1C DDO FS-103 DIE 3 MS65 1972 1C DDO FS-103 DIE 3 MS64 1972 1C DDO FS-103 DIE 3 MS65 1972 1C DDO FS-103 DIE 3 MS66  1972 1C DDO FS-103 DIE 3 MS65 1972 1C DDO FS-103 DIE 3 MS65 1972 1C DDO FS-103 DIE 3 MS64 1972 1C DDO FS-103 DIE 3 MS66 1972 1C DDO FS-103 DIE 3 MS65 1972 1C DDO FS-103 DIE 3 MS66 1972 1C DDO FS-103 DIE 3 MS65 1972 1C DDO FS-103 DIE 3 MS66 1972 1C DDO FS-103 DIE 3 MS65 1972 1C DDO FS-103 DIE 3 MS65 1972 1C DDO FS-103 DIE 3 MS64 1972 1C DDO FS-103 DIE 3 MS64 1972 1C DDO FS-103 DIE 3 MS64 1972 1C DDO FS-103 DIE 3 MS63 They must have been sick and tired of looking at 1972 DDO #103's near the end, eh? Good news is, when I look at population reports for MS66 and higher the numbers are quite low. Only one TPG service has one MS67 in my research so far. MS66 ought to fetch a decent price, and allow the son and I to enjoy a decent profit margin, and know we did well. Additional good news is, I still have 24 additional 1972 DDO 103's ungraded, and I will probably cherry pick the best of the rest and send them in when time permits. I was sort of pleasantly surprised to see Four MS-66 and Nine MS-65 that came from bags that have been handled since 1972 - almost 42 years ago. Edited by Collector-Corner
11/19/2013 09:50 am
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Moderator
 United States
23522 Posts |
5000 bags?  Careful you don't kill the Pops for this one. 
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Pillar of the Community
 872 Posts |
LOL !! Well they are 5,000 COUNT bags. This Fall has been a whirlwind to say the least. We have received and processed quite a few 5,000 count LMC mint sewn bags; 1959-D (1) 1960-D (1) 1962-P (1) 1969-P (1) 1972-P (2) 1979-D (1) At times it sure does seem like 5,000 bags ! Thats 35,000 pennies, cracked out and processed about half (so far) of about 150 proof sets, processed 70-100 Morgan dollars and handfuls of Mercury dimes. |
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Moderator
United States
23522 Posts |
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LOL !! Well they are 5,000 COUNT bags. Phew. Had me going. It's good to hear that you're finding good business, though. |
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Valued Member
United States
388 Posts |
Interesting point SsuperDdave. Killing the pop count. What would happen if somebody dumped a bunch of one, hard to find, error onto the market? Like maybe someone opens a bag of 1992D LMC and finds 50 MS 63 or better CAMS? How do you all think that would affect pricing? |
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Pillar of the Community
United States
1205 Posts |
not to worry bout anacs op count..will take 2 years before your coins show in their pages, if history repeats itself...
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Pillar of the Community
872 Posts |
I am stockpiling varieties. I buy these 5,000 count bags and take out all the varieties and sell them at a steady pace, but not too fast.... The rolls go quick as we run specials and are creative on the ways we offer rolled product. Many of our return customers are glad to take away BUNC straight from a mint sewn bag....Obtaining good quality mint sewn bags is getting tougher every year. I like to get them while I can, and get the return on investment over time. I can imagine what it would do if I all of a sudden dumped (400) 1959-D RPM's, (1000+) 1960-D RPM's, (40) 1972 DDO's and a wider lower count of RPMs from the 1960's to 1972 at rock botom prices - especially close to the holidays and then tell the TPG sites of the sales. That would put a dent in the celing hieghts of sales and future auctions as well. Edited by Collector-Corner
11/19/2013 3:07 pm
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Pillar of the Community
872 Posts |
OK, for those that like to see Certification Numbers, here are the http://www.ANACS.com cert numbers, year, denomination, variety, die, and grade; 4982682 1972 1C DDO FS-103 DIE 3 MS65 4982683 1972 1C DDO FS-103 DIE 3 MS65 4982684 1972 1C DDO FS-103 DIE 3 MS64 4982685 1972 1C DDO FS-103 DIE 3 MS65 4982686 1972 1C DDO FS-103 DIE 3 MS66 4982687 1972 1C DDO FS-103 DIE 3 MS65 4982688 1972 1C DDO FS-103 DIE 3 MS65 4982689 1972 1C DDO FS-103 DIE 3 MS64 4982690 1972 1C DDO FS-103 DIE 3 MS66 4982691 1972 1C DDO FS-103 DIE 3 MS65 4982692 1972 1C DDO FS-103 DIE 3 MS66 4982693 1972 1C DDO FS-103 DIE 3 MS65 4982694 1972 1C DDO FS-103 DIE 3 MS66 4982695 1972 1C DDO FS-103 DIE 3 MS65 4982696 1972 1C DDO FS-103 DIE 3 MS65 4982697 1972 1C DDO FS-103 DIE 3 MS64 4982698 1972 1C DDO FS-103 DIE 3 MS64 4982699 1972 1C DDO FS-103 DIE 3 MS64 4982700 1972 1C DDO FS-103 DIE 3 MS63 I'll make it easier, here are the cert numbers in groups of ten, with spaces  4982701 4982700 4982699 4982698 4982697 4982696 4982695 4982694 4982693 4982692 4982691 4982690 4982689 4982688 4982687 4982686 4982685 4982684 4982683 4982682 Only one coin came back normal, which was not a 1972. I'll have to personally revisit that coin, because under the microscope at 20x I could see a large/smll date and clearly see doubling on some of the proof devices. I dunno how they missed it, but such is life. For now these sit in the King Kong safe and they will have to wait until I am through with the 1960-D bag. Edited by Collector-Corner
11/20/2013 12:03 pm
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Pillar of the Community
United States
7840 Posts |
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Good news is, when I look at population reports for MS66 and higher the numbers are quite low. You mean they were low...you are begining to flood the population report. I am not savy on the various DDO's of the 72-P LMC other than the BIG ONE.  Congrats all the same! Edited by oih82w8
11/20/2013 12:19 pm
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Pillar of the Community
872 Posts |
I had a "Big One" that I got really, really cheap at an auction site that was auctioning off an entire coin and pawn shop. I haggled with the agency and I was happy with the price and coin. I immediately turned around and gave it to a family member who is an avid Lincoln Cent Collector. Its ANACS graded as well. BUNC, I forget the actual grade. It actually filled the last vacant hole, and now they have moved on to 1909-1958. I'll go through the other 23-25 1972 DDO's and I will consider sending in more if I have any MS66's within the bunch. Having the higher MS coins graded and slabbed means the potential to get more for them is a possibility. It's more than a population report to me, its the basis of supply and demand of the DDO's that are out there. The 19 that I had sent in will only slightly dent the numbers, especially in the MS63 (1) and MS 64 (5) areas. The most affected was the MS65 (9) followed by the MS66 (4). ANACS numbers can be a pain to find, but I will see if I have time to see how high they are for this particular die. |
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Pillar of the Community
872 Posts |
WOW in most cases, the FS103 is lower than the FS101 (The big one). (FS104... is the REALLY Big one $$$ wise) MS67 - 1972 DDO's - all varieties total = 5 via ANACS ( 0 FS-103) (2 FS-101) (0 FS-104) MS66 - 1972 DDO's - all varieties total = 110 via ANACS (18 FS-103) (25 FS-101) (11 FS-104) MS65 - 1972 DDO's - all varieties total = 603 via ANACS (242 FS-103) (81 FS-101) (86 FS-104) MS64 - 1972 DDO's - all varieties total = 880 via ANACS (328 FS-103) (205 FS-101) (131 FS-104) MS63 - 1972 DDO's - all varieties total = 447 via ANACS (114 FS-103) (171 FS-101) (36 FS-104) MS62 - 1972 DDO's - all varieties total = 201 via ANACS (38 FS-103) (102 FS-101) (3 FS-104) MS61 - 1972 DDO's - all varieties total = 46 via ANACS (10 FS-103) (20 FS-101) (1 FS-104) MS60 - 1972 DDO's - all varieties total = 198 via ANACS (18 FS-103) (160 FS-101) (0 FS-104) Edited by Collector-Corner
11/20/2013 3:06 pm
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Pillar of the Community
United States
601 Posts |
I'm not sure where you're getting your numbers, but there are DEFINITELY not over 250 FS-104s in Mint State! There are fewer than a dozen known (slabbed) in uncirculated grades by all TPGs.
Had this submission of FS-103s been sent to PCGS it certainly would have rocked the market, sending high grade coins spiraling down to a third of their current values or less (I've dispersed over a dozen hoards of BU FS Varieties). Being that they're in ANACS holders, it doesn't effect the market as much, as ANACS coins don't play much of a part in price trends.
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Bedrock of the Community
United States
62064 Posts |
Some may not get submitted as they are lower value coins. If a coin to me is not a $100+ coin, I would never submit it. So the 001 would be more often submitted because if you can get a higher grade, they will cash in. If they are not happy with the grade, some crack them out and re-submit them. When they get to the 66-70 grades the difference is often multiplied in value just going up one grade.
To me, I buy them raw and if they are graded, I only pay the raw price. I've owned about four graded coins so far. I have some I've should have submitted, but didn't. I would only buy a coin that is a higher dollar coin graded. So many counterfeit coins in the higher dollar range. But when buying: "Buy the coin, not the grade on the plastic." Not all coins are graded the same by different graders.
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Pillar of the Community
872 Posts |
L&D - its right off the ANACS population sheets. Its right off their main page. Go have a look. I've done my research, I know where to send these in order to get a decent grade and get a decent price. I have a plan for these. Graded at MS66, they can be pricey. Even at MS65. I don't reveal the inner workings of the business but these will have a home soon. Coop - I understand about the Raw side of the house totally. When I go to show, and don't set up and I buy coins, I haggle prices all the time and get the best possible for what I am going after. This is a business and I work the other side when I need to. Making smart decisions and having a business plan that works is important. When I set up at shows, we try to center our tables on a few specific areas and it helps build trust to the collectors that come to the tables. I don't run a shady operation its all up front and honest. Soon, I hope to have a CPA certify what I have and then get PNG certified. For coins that are being sold, there are a FEW that I won't haggle over a grade and price. People are always looking for a deal and the people who want a coin of mine are going to pay a competitive price or they can find it some where else. Others, there may be room to haggle and break the ice and get the impulse buying going, but I think it requires both graded and ungraded to have a wider chance at being successful at a show. I know about grading the coin, not the holder - I have challenged a few TPG companies and asked them to certify that coins are graded the same way, with due care each time. They won't. People are human, and there are a lot of variables each day that may affect the mind and body, which may affect the grading of the coin as well. Yep, that's when a coin might be cracked out and sent back in. In the end, I am happy I did this, and I am sure these will get the recognition and home(s) they deserve rather than be trapped inside a mint sealed bag ! Edited by Collector-Corner
11/20/2013 9:39 pm
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Pillar of the Community
United States
3592 Posts |
The ANACS pop report for the FS-104 has a total of 3 for all grades. Two are MS-65 and one is MS-64
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Pillar of the Community
872 Posts |
My apologies. I did the " DDO" search and may have copied out the single line above the FS-104. I knew a few peeps with FS104's.... I don't know if they sent any into a TPG service. |
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Replies: 20 / Views: 4,603 |
Posted 11/19/2013 10:26 am
