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 Replies: 18 / Views: 4,479 |
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Valued Member
United States
361 Posts |
I was checking out PCGS stuff on epay and I see you can get a 2017-p MS67 cent from PCGS for around $60.
The PCGS guide has the value around $90.00
Granted there are tons of these in existence and tons more to be graded.
What are your thoughts on picking up high grade modern stuff like this?
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Bedrock of the Community
 United States
12477 Posts |
Personally, there is no way I would pay $60 for a 2017-P cent. If you do, you're only buying into a current fad. The prices will drop. Heck, we're not even in 2018 yet!
I can think of many more worthy items to spend $60 on. Also, there's no possibility that the PCGS price guide is in any way accurate. There is simply not enough data to say what it is worth. Only time will tell and that will be many years from now.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Rest in Peace
United States
1559 Posts |
I just started collecting in February so I'm still learning but IMHO I think that $60 for a cent minted this year is absolutely ridiculous  You can find BU rolls of 2017P's on ebay for around $5 on up to $30 a roll. Even @ $5 I still think that's ridiculous for 50 Face value cents. Again, that is just my humble opinion  Edited: Grammer  Edited by Tootallious
12/24/2017 11:58 pm
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Valued Member
United States
65 Posts |
Tootallious, I agree with your assessment. Also, I want to thank you for the little bit of amusement you provided in your post. We all spell words incorrectly at times, I just found it amusing that you edited your post to correct something and misspelled "grammar" when citing the reason.#128580;
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Rest in Peace
United States
1559 Posts |
Yea, lol, I saw that after I edited and just thought , Ahhh forget....  Just didn't feel like doin' it again. Glad that you found it amusing |
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Moderator
 United States
56855 Posts |
First PCGS values are high. If you want to buy one get one that is at least MS69 or a MS70. I think those will increase over time in value.Plenty of MS 66-67 out there. John1  P.S. Just looked around and I could not find any slabbed higher than MS68.Those are priced high currently,so search around and save up for any in the MS68-70 range.I did find a 67 for $40 in an anacs slab. Edited by John1
12/25/2017 06:48 am
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Pillar of the Community
United States
2200 Posts |
Correct me if I'm wrong, but isn't it theoretically possible to find an MS67 cent in circulation? Or perhaps a 65? I see tons of really bright, perfect-looking 2017 cents in my change every day.
Edited by jpsned
12/25/2017 11:51 am
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Bedrock of the Community
United States
94367 Posts |
You can argue that one til the cows come home.  |
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Pillar of the Community
United States
1901 Posts |
I got a whole roll of BU possibly 67 I'll sell you or 40 lol just kidding the top pop for PCGS looks so sorry looking to me I find better examples all the time just my opinion
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Moderator
United States
23522 Posts |
Quote:
What are your thoughts on picking up high grade modern stuff like this?
Personally, I think it's hilarious. |
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Valued Member
 United States
361 Posts |
Thanks for the input all.
My quandary is this, as no one has really answered it.
When you look at PCGS for example you rarely see any modern circulating strike at MS68
Usually 67 is it.
But when you look at circulating strikes from say...1950 cent.
1 is MS68
85 at MS67
421 at MS66
Low population and crazy prices.
I understand prices wax and wane....but for modern strikes 67 is about it. Why would you pass up a seemingly decent price for a MS67?
I'm not trying to prove a point or argue anything...I'm not that knowledgeable on the matter.
Just trying to understand the consensus about the matter.
Looking for a better answer than a shrug off.
Thanks
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Bedrock of the Community
United States
94367 Posts |
A 1950 cent is quite different from a 2017 cent, where thousands of bags still exist. The pop reports for a 2017 cent will shuffle quickly every day for years to come as people cough up grading fees in a totally futile race. Edited by Coinfrog
12/25/2017 6:20 pm
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Valued Member
United States
193 Posts |
As they say, one mans trash is another mans treasure. I've seen many people here say buy what you like, so, if you like higher grade 2017 P's, buy them. After all, they are an anomaly.
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Pillar of the Community
United States
624 Posts |
If they were sealing and grading cents in 1950 then there would be a lot more in ms68 capsules, and values would be lower. Coin collecting was a lot younger then and less people were putting whole rolls of brand new coins away. Fast forward to present day, everytime there is a low year or a special coin, there are rolls sealed and stored away by a thousand collector. I have rolls of 2017 p cents that I haven't opened yet, and a box of 2009 cents. Where maybe onl dozens of collectors had the foresight to do this in 1950.
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Rest in Peace
United States
18456 Posts |
Quote:
What are your thoughts on picking up high grade modern stuff like this? Fruitless , these modern coins are being produced by the billions . I for one would eat cat before I pay $60 for an MS-67 2017-P Lincoln . As stated above 65-67's are all over the place . especially the East coast .  |
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Bedrock of the Community
United States
19935 Posts |
A complete and utter waste of money. If you want a high quality cent, buy some boxes and get to searching. There are TONS of stories of people getting solid 2017 boxes at their bank.
Spend your money on the truly collectable modern cents - wheats and memorials. Shield cents, personally, I hate them but if you want to collect them, start searching bank boxes. You'll have plenty to choose from.
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Replies: 18 / Views: 4,479 |
Posted 12/24/2017 11:56 pm
