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 Replies: 21 / Views: 2,015 |
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New Member
United States
13 Posts |
HI I was wondering if anyone knows how much a 1960 ms69 -70 close is worth?
Subject edited to add specific info
-GO
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Pillar of the Community
United States
615 Posts |
What denomination is the coin? 1 cent? 10 cents? 25 cents?
Its hard to make a guess at a price without knowing...
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New Member
 United States
13 Posts |
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Bedrock of the Community
United States
10982 Posts |
Over $100,000. None have ever been graded over MS67 so if this coin was truly MS69, it would command 6 figures.
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Pillar of the Community
United States
3098 Posts |
 Who was it graded by? |
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Bedrock of the Community
United States
12437 Posts |
 Who assigned a grade of MS69/70? No reputable grading company has ever given such a grade to any Franklin. |
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New Member
United States
13 Posts |
me I had it for a long time sealed up I tried to post pic put I'm not that good are you serious about 6 figures
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New Member
United States
13 Posts |
I know alot about coins and coin grading so yes it is a ms69 atleast I look at it under microscope just now and saw one little spot on his cheek so the way they grade it might be less its my coin so it is hard to take less grade. Franklin half |
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Moderator
 United States
6563 Posts |
Without Very detailed pictures or it being sent off to a reputable TPG there isn't a way to help you with your dilemma. As others have stated there has never been one graded that high nor sold for that matter. If it were sent to PCGS, or NGC and graded that high I'd say you have a pretty rare coin  |
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Pillar of the Community
United States
3098 Posts |
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New Member
United States
13 Posts |
ok so I'm not that great of grader put I also read that they do fetch a pretty good premium is that true?
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New Member
United States
13 Posts |
I forgot to add I just thought that proofs were better then uncirculated coins or circulated coins so why aren't they worth more.
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Pillar of the Community
United States
3098 Posts |
I'm no expert but I think proof coins don't command so high of a price because they were ESPECIALLY MADE to a high quality, so you can expect 99% of the proof coins made to be high detail, high relief, high etc...
Now for circulation coins, they're simply made, so most of the coins are not given attention during the striking process so most of them turn out to be MS60, leaving a very very very very very minuscule amount of the coins made to be of extremely high grades. There could be high grades made, usually from the first 1 million new strikes with the dies, but you must also remember how they got from the mint to the public: through dumping in bags, throwing them around, piling, circulating, going through the bank tellers, and public use before someone actually sees that it's a high quality coin and saves it. By that time, even MS9999 (when made) coins would be worn down to an AU.
So, that's my opinion and thought... it's late... going to bed...
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Pillar of the Community
United States
3098 Posts |
And about the premium question, I don't really know, but they're in the $20-30 range... and I guess its premium is the melt value!  |
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Bedrock of the Community
United States
14454 Posts |
proof coins were made with special dies and minted with high pressure and struck numerous times at slow sppeds where circulating coins are at high speed and not struck numerous times and the dies aren't specially prepared and are used many many times. The proof was never meant to be circulated so they are all pretty high grades where the circulating pieces were made to circulate and have marks and such even when they come out of the mint because there is no special handling of the coins so a high grade circulating piece is worth multiple times what a proof coin is
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New Member
United States
13 Posts |
thank you I will just hold on to them I do have a ms67 1885 Morgan that was graded by angs I know now that this is just someone who thinks its ms67 but still a nice coin.
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Replies: 21 / Views: 2,015 |
Posted 01/05/2009 11:46 pm
