Modern Kennedy Halves - worth the money?

What if some of us think that posting your OPINION denigrating what others collect is obnoxious? I, for one, love to collect certain moderns, and don't appreciate being told by someone else that it is useless, and worth any less than collecting 19th century coins. Too each, their own.

 

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DANG A BAG FOR EVERY SHOT GLASS...... 9BALL CORNER POCKET

 

So, what illusion is it that an inanimate object creates?

A coin, any coin, is only worth what someone is willing to pay for it.

Chris

 

3-Cushion Billiards........Black ball 9 rails into white ball and red ball.

Score!

Chris

 

Shich will go for more at auction: A 1979 PCGS MS-68 cent that looks MS-69, or a 1979 PCGS MS-69 cent that looks MS-68? Logic dictates that someone would be willing to pay more for the first one than the second one because it is better. However, The second one will always go for more because the label has a higher number. Those building top-pop registry sets of modern coins only care about the grades and populations, not the coin inside.

The illusion is the rarity of the coin, and people think rare = valuable. However, a 1979 cent is anything but rare.

 

This piece of garbage you just spit out is worth as much as your illusion.

It doesn't matter what is written on the insert! A coin is only worth what someone is willing to pay for it. I know! I know! You think one cent is just worth one cent. Maybe you should concentrate on CRH!

Chris

 

Says who? People aren't allowed to want the top grade of moderns and still be collectors?

 

They're still collectors. But they place all their faith in the label instead of judging the coin itself. I've seen it happen from AU Indian Cents (that were actually EF) to high-grade moderns.

 

Says who? You are making a lot of assumptions and judgements just because of what they collect

 

Okay. Someone is willing to pay $3600 for an MS-68 1979 cent in PCGS plastic. That is what the coin is worth. Then you crack out the coin and offer it to that person and see what he/she is willing to pay for it. The coin is worthless without the plastic and label.

 

Fair enough...

 

You can make up all the scenarios you want. I don't care! The bottom line is you're beginning to sound like a little kid with all kinds of excuses for not doing his homework.

Chris

 

Which is also how the classic market works. You crack an MS 69 Morgan out and try and sell it raw and no one is paying MS 69 money for it

 

Sure, it is a very unlikely scenario, but you don't deny that the coin would be relatively worthless outside of the slab, despite someone being willing to pay a gargantuan amount for it in the slab.

 

Very true... I guess the difference is that the grade is guaranteed in the slab.

 

I don't either! I'm done here.

 

This is completely true. A coin is worth what someone is willing to pay for it. I may only want to pay $10 for a very high grade modern half dollar, but some registry guy is willing to fork over 1k, therefore it is worth 1k - to them.

 

Didn't you just say "there's a sucker born every minute?" That's kind of contradictory, isn't it? ;-)

 

I guess so. I just am not the person who thinks a high grade modern coin is worth insane amounts of money. The registry guys are though.

 

Here's this one story I've heard about "the sticker on the slab".

So this proof Lincoln grades MS69RD at PCGS. This coin then starts developing spots. It still trades around the market for obscene amounts of money because registry set collectors want it to get registry points. It then becomes a joke among dealers, saying that if the coin was cracked out of the slab it would be worth $10. PCGS eventually bought the coin back to end the controversy.