Is This Guy Nuts?!?! 2010-D Nickel, PCGS MS-68 Full Steps for $4,000?!?!

But ASE's used to not have 70's for along time.
As I also believe that Morgan dollars used to be capped out at 67 and now there are 68's and even one 69 I'm told.

I do see your point about grade rarity but both you and Doug are not collecting and putting your money in this area either so I think we both see each others point.

 

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Being a newer collector I would have to spend my 4k on some of the older silver dollars. Only the future will truely tell us if the high grade nickels will be worth that much. I will agree that regardless what coin you look for the one with the highest and rarist grade will be the most sought after in its given type, so I can definatley see the logic in buying modern coins in rarity grades.

 

It was mentioned earlier about coin mint numbers and the lack of high grade coins pulled from 100's of millions of coins minted and the reasons given make perfect sense. My question is: what has mint technology and collector awareness done to increase high grade coins being found and collected in more modern coins? It just seems like these two things would increase the the population of higher grade coins popping up more than they used to.

 

The TPG GRADE

 

My 2 cents

I agree with 99.9 statement noted:thumb:
I know a MS-68 in very high grade for a Business strike or even a Satin Finished coin.but for a 2010-D I will just wait to find one at a reasonable price $4000.00 is just too much $400.00 I would think about.
:kewl: but :devil:ebay.

 

but uncle GD you are forgetting to tell people that worth more and worth abusrdly more is not the same.

 

Hold on to your hats folks and listen up. Doug is 100% correct on this one. It is not age that prevents the existence of MS68+ business strikes. The chances of a business strike coin surviving the minting process in MS68+ is incredibly slim. Remember, these are not proof coins made for collectors with a focus on quality, they are business strike coins made in huge quantities intended for commerce. There is no effort on the part of the mint employees to preserve the condition of the coins.

Anyone who believes there are MS68+ business strikes readily available that just have not yet been submitted, feel free to go to the bank, pick up a box of your favorite denomination, and search for a coin that you think would have a shot. If you do this, I am confident that you will understand the point that Doug and I are advocating.

 

Perhaps you're right. But, the op's original question was validated, as not even the proponents of this coin's worth were willing to part with 4K to purchase it. That says enough for me.
Guy

 

Doug is correct, I am saying that statistically speaking more high grades should exist. I understand statistics can be manipulated, but in this case, it's a fairly straight forward calculation. Here's what I said in another thread.

Yes, I understand your point. Even though statistically speaking, higher mintages should produce higher numbers of higher grades, you're saying this is not the case. Well, if statistics can be relied on (and production methods haven't changed for the worse or have improved), there should be more high grades produced with higher mintages. So, if there aren't more certified examples, it's probably due to lack of collector interest in searching for and submitting high grade, high mintage moderns. I'm saying higher mintages usually kill collector interest, so they're not looking for or buying high grade, high mintage modern coins. Granted some are buying them, apparently the registry set folks. So, unless new registry set collectors enter the market, there aren't enough average collectors to support significant premiums for high grade, high mintage modern coins in the short and maybe the long run. In the long long run, if high grade moderns aren't put away, maybe the few that were will be worth some significant premiums to some.

If I'm an average collector (okay, that's questionable) that has x to spend, I'd spend it on a low grade, low mintage classic coin, like a 1916-d dime or on some high grade, low mintage moderns (for really low premiums), as opposed to spending that same amount on a high priced, high grade, high mintage modern coin and I'd believe I made the better "investment".
Added: This collecting approach probably has a lot to do with the fact that I don't believe the minute differences in high grades are worth huge premiums, regardless of what the pop reports say. If the pop reports say there are 10,000 ms 67's and only one ms68, I wouldn't be willing to pay more than a few bucks more for the ms68, because there is practically no difference in an ms67 & ms68. And, that ms68 could well grade ms67 at some time in the future.

Read more: http://www.cointalk.com/t96662-3/#ixzz0yrMtfH00

 

To address the op's question. The seller isn't nuts, but, IMO, anyone who buys it is.

 

I feel like I have had this discussion with you before. You say that the difference between MS67 and MS68 is almost indiscernable but I bet you believe there is an obvious difference between MS64 & MS65.

I am confident in my ability to tell the difference between MS67 and MS68 Jefferson Nickels. And while I have not seen the OP coin in hand, I will tell you that the mark under the I in MONTICELLO on the reverse makes me concerned about the validity of the lofty grade assigned.

I will agree that I would not be willing to pay a big increase in price for a conditional rarity unless I was completely convinced that the coin was good for the assigned grade. I am not convinced in this particular case.

 

And What are the chances of this guy having the top two graded 2010-D nickels ? Think about that one a minute.

 

Yes.....much more rare....just like super high grade non SMS coins in 1965 & 1966

 

You don't sound like much of a collector to me....and not because your not willing to spend more than $50 bucks but rather because you state the most you have wasted on coin is $25. Whether I spend $10 or $1000 I do not consider it wasting money and I don't think any true collector would either. Maybe you could collect spoons or something lol

 

It seems pretty obvious that he is one of the modern coin searchers that Doug referred to in his post. In addition, the NGC MS67 FS coin would never grade MS67 at PCGS with that mark on Monticello.

 

I had not seen the Reverse shot. For some reason I could not view it. Whether it would have graded a 67 thru PCGS or not, really is a different subject matter all it's own. The fact is, it did get graded a 67, and is in the top two grades for this business strike. I'm exhausted with this thread , and am unconvinced that this piece is a " Rare " for a Modern , as some do . Nor, do I feel it will hold the value this seller thinks it deserves , and only time will tell for certain. Hope you all had a good holiday weekend.

 

Some of you find spending $4,000 on any coin a bit over your head, understandably . That's not what is being discussed here.

 

LOL. I saw a 1988 D MS68 listed at the Collector's Corner for $1285. I contacted the seller and inquired if it was a 1988 D reverse 89 (1988 D RDV-006) and he responded that he did not know what the variety was. LOL

Wasn't it P T Barnum who said "There's a sucker born every min ute?"

gary