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 Replies: 8 / Views: 2,246 |
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Pillar of the Community
United States
5205 Posts |
I thought that the President dollars missing the edge lettering were going for $100+ not that long ago. However it seems on most circulated dollar coins the edge lettering has pretty much been beaten off of them so I wonder what the minimum grade a TPG would require for a "missing edge lettering" designation? And as such in 100 years will full date and MM coins in circulated grades be valuable like SLQ's and Buffalo nickels since the dates wore of so quickly. http://www.ebay.com/itm/2007-George...em3f2df32462 |
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Bedrock of the Community
13014 Posts |
Quote: I wonder what the minimum grade a TPG would require for a "missing edge lettering" designation? Im not sure I understand this question. Its not something that can be worn off. Its only for the coins that left the mint that way not circulated ones that have it worn off. I doubt it could actually be worn smooth without shaving it anyway. Thats actually a pretty high price for that one. The PCGS MS 66s have been ending in the 60-80 range. You can get a PCGS MS 65 or 64 for cheaper than that one. The price has come down on them lately, but thats true for most things lately on ebay. |
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Pillar of the Community
 United States
5205 Posts |
I remember these selling for $100-$200 not that long ago.
I know most were "intentionally made" and smuggled out of the mint which is why the vast majority of them are from 2007 the first year.
As to "something that can be worn down" I'm not how many circulated examples you have personally handled but most of the ones I have the edge lettering is barely legible.
I have bust halves in VG condition with edge lettering that is more legible than EF and AU dollar coins.
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Pillar of the Community
United States
2543 Posts |
The price was high when they were first discovered, because people thought it was a genuine mint error coin. When it came to light that these were intentionally smuggled out of the mint, before the edging was done, by the tens of thousands and were not in fact errors, the market for these crashed.
I have 2 dollars as pocket pieces, and the edge lettering is all but worn off completely.
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Pillar of the Community
United States
927 Posts |
I don't think the edge lettering on the dollar coins would wear off that fast unless they were shaved. I have looked at a lot of dollar coins and they are all over the map with the edge lettering. Some are very clear and some are barely legible, even for uncirculated examples. I think the mint does not have good quality control on the edge lettering. Another reason why I hate it. Put the date and mint mark back on the obverse or reverse and get it off the edge.
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Bedrock of the Community
United States
19942 Posts |
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Pillar of the Community
United States
5825 Posts |
The price for these coins was high initially because of a rush to get them before they blew through the roof.
Not unusual for there to be a "be the first in your neighborhood to own one" rush to buy.
Later when it becomes clear how many there are the price settles to a more normal and representative value.
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Pillar of the Community
United States
1300 Posts |
People sure do dumb things... Who woulda thought he would have got caught. Lol they should do a episode of worlds dumbest embezzlers
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Valued Member
United States
293 Posts |
One problem with modern coins is that in that first year boy there is the excitement so if the coin looks like it really is rare then here comes the bubble. I remember reading one time that when the 1973-S Silver Proof Eisenhower dollar came out the price peaked at an all time high of $150 and that is in 1973 or 1974 dollars and then the bottom fell out and has never recovered since. |
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Replies: 8 / Views: 2,246 |
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Posted 12/29/2013 8:23 pm
