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 Replies: 12 / Views: 853 |
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Pillar of the Community
United States
982 Posts |
How rare could 1976-D Bicentennial Kennedy half dollars in MS-67 really be if one seller has twenty of them for sale on ebay?  I wouldn't mind having one, but not at almost $600...   |
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Bedrock of the Community
United States
10982 Posts |
They're worth a few bucks each to me. MS66 pieces are sold regularly for well under $40 and most have never been submitted for grading. Mintage of the 1976-D Bicentennial Kennedy half? 287,565,248 with millions of MS67 quality pieces in the wild. |
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Moderator
 United States
56855 Posts |
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Bedrock of the Community
United States
10034 Posts |
Since the grading companies use absolutely nothing verifiable to grade coins, and any coin broken out and re-submitted to the same company can get a different grade, the number of them said to be out, no matter the source, is just about marketing. The number of MS67 labeled pieces of plastic holding a coin are what is recorded. Slabbing is not about the coin, it is about the entire package and the non-verifiable opinions the day the plastic was encased. WHich also may have to do with how good the coffee was in the office that day  Buy the coin, not the slab. |
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Pillar of the Community
United States
2270 Posts |
Quote:Mintage of the 1976-D Bicentennial Kennedy half? 287,565,248 with millions of MS67 quality pieces in the wild. This coin is quite common in Gem (MS-65) with about 5% of '75 sets qualifying and even more of the '76 mint sets. In MS-66 it is quite a bit more difficult but still readily available. But in MS-67 it is really really tough because of scratches on the reverse. I've seen enough rolls to believe there are very few or none from rolls. I doubt there are even thousands and maybe not even hundreds of unslabbed MS-67's. Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
4233 Posts |
PCGS has 45 1976-D in MS67 or MS67+, out of 2215 total, or 2%. NGC has 157 in MS67 and 1 in MS68 out of 2589 total, or 6%. ANACS has 14 out of 471, or 3%.
PCGS has 20 of 1546 (1.2%) for 1976-P, NGC has 27 of 1001 (2.7%) , ANACS has 6 of 304 (2%) , so it seems like 1976-D in MS67 is more common than P.
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Pillar of the Community
 United States
982 Posts |
Thank you all for your insight. It is very helpful. I believe this seller would have been benefited by only listing one or two of his MS-67s at a time, instead of 20 at once, in order to maintain the concept of scarcity.  |
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Bedrock of the Community
United States
10982 Posts |
The concept of scarcity is important for sellers. Particularly for moderns like this where less than 1 out of 10,000 has been submitted for grading.
So yes, listing dozens of them you just got back from grading was not a good idea. Many are numbered 6794692-0xx. Looks like they hit some good ones, submitted them in one order and got bunches of 67s.
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Pillar of the Community
United States
2270 Posts |
Quote:
So yes, listing dozens of them you just got back from grading was not a good idea. Many are numbered 6794692-0xx. Looks like they hit some good ones, submitted them in one order and got bunches of 67s. It looks like someone did find a batch of really nice rolls. Time don't fly, it bounds and leaps.
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Pillar of the Community
 United States
4589 Posts |
Esp. as the NGC population report says 33 with 3 * and 9+ -- means the population before this batch was 13, 3, 9.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Valued Member
United States
293 Posts |
It's tough to make an MS-67 on any Kennedy half dollar from the 1970s. Lots of have scuff marks on the breast plate over the eagle so they don't even make MS-64. Of course 1976 doesn't have the eagle but lots of those in the Mint sets are baggy or for "P" Mint just have a mediocre strikes. Try finding MS-65 coins from the 70s for your own personal JFK set. Its harder than ya thing to find that right combination of grade and eye appeal. |
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Pillar of the Community
United States
1780 Posts |
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Pillar of the Community
United States
2270 Posts |
There were close to 15 million of these coins saved out in '75/'76. They tend to be nice quality but in those days "nice quality" meant MS-63. Gems are hardly uncommon but it's fewer than 5%. chGem and superbGem are much scarcer. It doesn't matter how many of these have been graded because the primary source of Gem are the mint sets and about 2/ 3rds of these have been destroyed. A lot of the coins that were saved in '76 are no longer around. There would be more graded if prices went higher but it's been 30 years these coins have been getting graded so don't expect a huge influx if the price of Gems moves sharply higher. Only the number of coins graded MS-65 would show a significant increase along with a near doubling of coins graded MS-66. People have the idea that until every modern is graded we won't know what's out there. But just as every single 1907 Indian cent in VG will never be graded neither will every single MS-63 bicentennial half dollar. Time don't fly, it bounds and leaps.
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Replies: 12 / Views: 853 |
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Posted 12/16/2023 4:11 pm
