GTG - 1970-D Kennedy

I agree. It certainly doesn't have "clean surfaces" indicative of a MS 67. Nicks on the shield, the chin, the cheek make it look more like a 66 or 65 at most.

 

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I can only "wish" that an MS67 70-D was $100.



All of the silver Kennedy's, between 1964 and 1970, get very pricey at MS66 and above which is why I brought up the subject coin.

Will "every" coin collector pay $5,500?
Absolutely not since not "every" coin collector collects high grade Kennedy's. But for those that do............this one has some serious problems which make you scratch your head.

 

Thanks for the info. I've got a lot of gems put away that I figured would always be "junk"

 

That is why I have been collecting them, along with a lot of the low pop clad dates, such as both P & D 1970, 1982, and a few others. Same goes with some of the high grade silver proofs.

 

I had a seminar instructor tell the class (1980's) that they should start putting away "gem/choice" clad coins for the future. He also told us he was not following his own advice! Too bad for him. Wish I would have saved more of them myself.

 

It's very difficult to put away Gem clad. It's not all that scarce but it's scarce enough to take a lot of shoe leather and some real work. Back in the '80's I could walk into almost any coiin shop in the country and ask to go through their mint sets. Stores averaged about 100 sets in stock and it wasn't too uncommon to encounter up to 1000. They'd let me do it because I'd fix their sets for them. I'd be sure each package had the correct coins and I'd buy sets without envelopes or with torn ones so all their sets would be right when I was done. I also paid a little premium for what I bought. Typically there would be only about 20 Gems in their sets in about 15 packages which I mixed and matched to make about 12 complete sets. I was very fast and I could do it in about twenty minutes and it was off to the next shop or a local bank to get rolls or bags.

As hard as it was then it's much harder now because the typical shop might have only two or three Gems and you might not even be allowed to search for them. It's still fun to look for them but each year there are fewer and fewer sets and the Gems are farther and farther between.

A lot of people over the years have said to set these aside but there haven't been many actually doing it so the coins are going to be tougher than most imagine.