2004 P Nickel MS-67 - $475.00 - Coin Community Forum

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Author	Replies: 8 / Views: 1,882
seattleMD Valued Member United States 405 Posts	Posted 07/31/2008 6:15 pm I just read a blog post about ridiculous 'registry' buys... http://coingrader.wordpress.com/200...s-july-1-10/ ...and it mentions a 2004 P Nickel in MS-67 being sold for $475.00 on teletrade. Can someone explain to me... 1. What this whole registry concept is (the blog doesn't do it for me). 2. Why someone would pay that amount for such a common coin at what I would think is a common grade. Report this Post to the Staff

Amazon99 Pillar of the Community United States 2443 Posts	Posted 07/31/2008 6:21 pm I've heard that it's been very hard to find high grades of business strike nickels. While the registry has increased prices, I think these coins are going to be in demand. Go back a hundred years and see what an MS67 nickel would cost. Report this Post to the Staff
bibd Pillar of the Community Canada 838 Posts	Posted 07/31/2008 6:22 pm I can't answer your questions, but what a joke! Report this Post to the Staff
seattleMD Valued Member United States 405 Posts	Posted 07/31/2008 6:31 pm So then it's a combination of registry inflation AND a low population report for that mintage of nickel at higher grades? Report this Post to the Staff
eaglefoot Pillar of the Community United States 6326 Posts	Posted 07/31/2008 6:38 pm WOW !... **mental note** KEEP EVERYTHING THAT SHINES AND JINGLES IN MY POCKET !...(but don't let it "jingle" too much !...might scratch and degrade my 2004 P MS-67 nickel !...) Edited by eaglefoot 07/31/2008 6:40 pm Report this Post to the Staff
KurtS Pillar of the Community United States 5318 Posts	Posted 07/31/2008 7:18 pm I suspect one reason why people care about these recent "MS-67" nickels is the belief in their eventual value, which in turn gets more people interested, driving up the "value", and so on it goes... Report this Post to the Staff
One Red Cent Valued Member United States 169 Posts	Posted 08/03/2008 3:59 pm I think the concept of the "registry sets" is that they contain coins that have the highest recorded grades. Find a MS 68 and you'll bump all those MS 67's off the top of the mountain. Report this Post to the Staff
vermontensium Moderator United States 16679 Posts	Posted 08/03/2008 4:58 pm It's not my money. The guy can spend $1,000,000 for it for all I care. swcoin.ecrater.com Report this Post to the Staff
Bryan1315 Bedrock of the Community United States 14454 Posts	Posted 08/03/2008 5:19 pm some people want the "Best" registry set so they can have the #1 set so that means buy the highest graded coins that you can find (doesn't really have to be the highest graded but all the coins together have to be a higher grade combined than the #2 spots coins). If you have the #1 registry set it gives you a certain amount of fame with the set and when you go to sell the coins everyone usually pays high dollar for the coins because it is the #1 set. I had the #1 B1 reverse registry set at Collectors Society and if I had all the coins I have now attributed with their VAM #'s I could have the #1 spot again (they are already graded by PCGS just the VAM number isn't noted on the slab) but I kind of quit caring where I was in the registry since I started the 7070 album so it has taken a back burner for awhile. It just lets everyone else that competes in the registry know that this is a specialty you specialize in and when you go to sell they want the best of the best as well. Some people do it just to say they have the #1 set, like saying my set is better than yours or they just wanted to see if they could accomplish it, I found once you have the #1 set there is nowhere else to go and it gets a little boring so I am happy with the #2 set right now and knowing I could have the #1 set anytime I choose to do so Report this Post to the Staff
	Replies: 8 / Views: 1,882

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