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What Will The 1st PCGS MS-70 Business Strike Cent Sell For?

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Irishraider's Avatar
United States
1454 Posts
 Posted 09/28/2006  10:46 pm  Show Profile   Bookmark this reply Add Irishraider to your friends list Get a Link to this Reply
Well, does anybody know what this little zinc jewel sold for?

Found it. I went and looked it up. It went for $13,500. Not bad but far below most of our estimates.

Edited by Irishraider
09/28/2006 10:58 pm
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Dewayne76's Avatar
United States
590 Posts
 Posted 09/28/2006  11:13 pm  Show Profile   Bookmark this reply Add Dewayne76 to your friends list Get a Link to this Reply
MS70 and it is rare to boot only a little over 3 billion made.
Edited by Dewayne76
09/28/2006 11:16 pm
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Tpatna's Avatar
United States
1626 Posts
 Posted 09/28/2006  11:17 pm  Show Profile   Bookmark this reply Add Tpatna to your friends list Get a Link to this Reply
According to another website:
Looks like $13,500 was final price

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Irishraider's Avatar
United States
1454 Posts
 Posted 09/28/2006  11:19 pm  Show Profile   Bookmark this reply Add Irishraider to your friends list Get a Link to this Reply
quote:
Originally posted by cladking

People collect modern coins and some are rare in high grade. This causes high prices. The 2003 isn't rare in high grade yet it remains the only MS-70 US coin ever struck for circulation.



This is why I am only buying world coins at the moment because there are too many speculators with too much money to make collecting US coins any fun anymore. The US coin market is akin to a shark feeding frenzy at the moment and I need both of my arms for work. I will wait until the pool clears a bit, until then I have my cheapy fun world coins to mess with.

Rest in Peace
Morgan Fred's Avatar
United States
2684 Posts
 Posted 09/28/2006  11:23 pm  Show Profile   Bookmark this reply Add Morgan Fred to your friends list Get a Link to this Reply
http://www.teletrade.com/coins/lot....266&lot=1018

I'm crushed. I thought it would go for a lot more. Maybe reality and reason struck the bidders. Still, 13.5K for a single modern cent ain't half shabby.

Fred
Rest in Peace
Gary Burke's Avatar
United States
3730 Posts
 Posted 09/29/2006  01:37 am  Show Profile   Bookmark this reply Add Gary Burke to your friends list Get a Link to this Reply
I was going to guess $20,000, before I saw what the sale price was.

I agree with most posters that it was over hyped. Anyway, nothing I would be that interested in, even if I had the money.
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Metalman's Avatar
United States
7123 Posts
 Posted 09/29/2006  03:14 am  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
quote:
Originally posted by Metalman

My Guess anywhere from 9 to 19,000 .

No matter how you look at it its stupid money,, But the big boys who have to have the 70's in PCGS holders will buy it.

Rick



I thought I would have Fred do a dance for me,, seems the price hit almost exactly in the middle of my proposed spread !!


Disclaimer !!! any resemblance between this Dancing Fred and our very own forum Fred,is of course purely coincidental

Rick
Edited by Metalman
09/29/2006 03:18 am
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cladking's Avatar
United States
2272 Posts
 Posted 09/29/2006  10:53 am  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
quote:
Originally posted by Gary Burke

I was going to guess $20,000, before I saw what the sale price was.

I agree with most posters that it was over hyped. Anyway, nothing I would be that interested in, even if I had the money.



DANG. I missed the hype. I love hype for modern coins and I just haven't seen any. EVER. I see plenty of hype for old coins and everyone waxes poetic talking about 18th century gold but let anyone say a modern isn't a piece of junk and it's like a scene from Invasion of the Body Snatchers with people pointing and screaming hype. If you call a full page ad advertising PCGS which mentions this sale, hype, then I guess it was hyped.

Just a few years ago it was possible to say that very few people collect any coins dated after 1964 but now there are growing numbers of people collecting these coins from circulation or in unc. But very few people pay more than a very small premium for collections of coins minted after 1964. If this ever changes then you can expect to see some real changes in pricing struture from F to MS-70.
Time don't fly, it bounds and leaps.
Rest in Peace
Morgan Fred's Avatar
United States
2684 Posts
 Posted 09/29/2006  11:11 am  Show Profile   Bookmark this reply Add Morgan Fred to your friends list Get a Link to this Reply
quote:
Originally posted by Metalman


I thought I would have Fred do a dance for me,, seems the price hit almost exactly in the middle of my proposed spread !!


Disclaimer !!! any resemblance between this Dancing Fred and our very own forum Fred,is of course purely coincidental

Rick



Yeah, this Fred is much more sun-tanned

The Real Fred
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