Prices Of 2019-W Uncirculated Cents *crazy*

I am actually looking into buying one in MS68 or 69. I am bidding on a 69 right now,but I am sure I will not win. What would you think the max price I should pay for a 68 or a 69? Which TPG--PCGS or NGC or ANACS. Thanks all.
John1

While I wouldn't call the price crazy as there are many top pop moderns that cost several thousand dollars, I don't see the price on these holding and feel several hundred is probably a more accurate price. 200 is a minuscule amount of the population, but is still a lot for a top pop, but there's a more telling story going on here as well. While NGC has given out almost 200 70s, PCGS have given out 0 as of right now. A PCGS 70 would be a five figure coin at this point.

I'm a big defender of modern coins, but when a discrepancy like that exits it appears to be pretty clear that PCGS is being tougher graders on them and that at least a couple of those PCGS 69s would be NGC 70s.




PCGS. You can get a PCGS 69 for 100-150ish or a 68 for $20-30. At the very least if not them go NGC. ANACS is okay if you want to find a 5-10 dollar one but the modern market is dominated by PCGS and NGC when it comes to anything of numismatic value

I wonder if the mint will release them into circulation, I haven't seen any information on this, but if so that will be huge. Well, maybe not so much since the number of the mint sets is unlimited, there may be huge numbers of them minted anyway.

With such a low population graded (and lots of stories about quality problems), registry set chasers have to pay up or lose ranking...

It's all about the demand.

https://www.PCGS.com/setregistry/awards

I think its rather evident marketers know the human mind works and have learned to take advantage (not necessarily a bad word in this case) of that knowledge. I like to call it the Beanie Baby affect.

PCGS has created am ingenious system to market their product by inventing the registry sets. This is just one way to incite people to pay more for a PCGS coin. In turn it incites more submissions by people who hope to have a coin graded at a high level.

as Bstrauss quoted:



Some people legitimately enjoy the competition proffered and so pay big bucks for the writing/opinion/label for a plastic holder containing a coin. A hobby is about fun, and some collectors enjoy their hobby by using this service.

If history teaches us anything about marketing systems though, some people are likely in the future to to end up losing a lot of money. If the overall hobby mindset turns back onto the coins only (not the subjective labels), there could be a Beanie Baby like crash.

At first the Beanie Baby fad took off and thousands were paid for certain animal shaped bean bags with no inherent value. After the initial frenzy and fun died away, people started to realize that plastic beads in a bag were not really worth anything and so the hobby crashed.

When the next evolution of grading (to make it verifiable instead of subjective) is introduced, the TPGs will be marketing the new and better system so the current artificial values/inflation of prices attached presently to a slab will be said (by the marketers) to be inadequate. A whole new cycle will begin.

Personally I can see why people liked slabbed coins. There is a sense of security in having something "verified," and the slabs really are sharp looking. A "complete" set of a specific kind of label also can make a very attractive display and is fun to chase after.

I just do not like the ramifications that have come to a once-more-fun hobby b/c marketers have shifted collectors' focus (especially newbies) from where every coin used to have its OWN value based on MM/mintage/difficulty to obtain. Years ago discovering an S mint mark in change was seen as a special find since S mint marks are always lower mintage (a few exceptions). Even finding the very common 1970 S nickel used to be "special."

Now the market has shifted largely to the added/artificial value a slab puts on a coin. I say "artificial" b/c that value can disappear/change if the coin is cracked out. The keys of a set have become mostly all that is important and most of the rest of the coins in the set are termed "junk silver" unless, of course, in a high grade.

I am very much into the glass insulator hobby. Thankfully there is not a professional grading system (as of yet!). Each and every insulator has historic value to people in the hobby. Unlike coin collectors who have a term "junk silver," I have never heard an insulator collector calling even the common-as-dirt insulators that exist "junk glass." Words such as jewels, gems, etc. are more likely terms to use. in fact the hobby's main magazine is called Crown Jewels of the Wire.

I like your choices John1. Unless one is an expert grader who looks at these day in and day out you'd be extremely hard pressed to tell a 69 from a 70 based solely on eye appeal. Either is a matter of preference, however I feel you'd base it more on the price than grader.