Hey maybe you all can shed some light on this. No dealer around here can tell me. This 1999D 25c Delaware state quarter is trending in CoinValues (August) in this condition for $250. According to the Red Book its mintage was 401,424,000. As you can see it is NOT marked "silver" couldn't be anyway because those are made at SF mint. It is graded MS67 by NGC. The Red Book has it at $8 in PROOF, and has no info available in MS65. Anyone know the reason for this high trend?
Well its NOT silver. On the NCG label it states: 1999 D 25C Delaware MS 67 703447-018 I can't find any info on why it trends that high. The dealers at shops and shows show absolutley NO interest in it. Guess I'll have to call CoinValues or NGC. BTW I played around with the brightness and contrast to try to get the best pic I could......
I also just noticed that 1999-P PA in MS67 trends at 400, 1999-D PA trends at 470, a 1999-P GA trends at $1200!!!!! I don't get it.
Lilkely because it's extremely rare in that condition. It is very difficult for a business strike coin to get out of the mint better than MS 65 with normal handling procedures.
Good point Troodon, This is a pop report from NCG Re: 1999-P GA submitted coins and their grades. Grade 63 63* 64 64* 65 65* 66 66* 67 67* 68 68* 69 69* 70 Population 9 0 33 0 187 0 206 0 121 0 4 0 0 0 0 The "*" indicate superior eye appeal. NOTE---This is just NGC.... Point well made T, clears it up a little for me. Is it just too soon for the dealers to want to by them yet? Or maybe there is just no demand for them?
there are very few dealers who cater to the ultra modern registry set crowd and your dealer (like mine) is not interested in trying to get into that market. It is difficult to find a buyer, but if you do, they will likely pay good money for it.
First of all, forget using trends for accurate pricing & value. The last '99 Delaware NGC MS67 I can find that sold at auction went for $30.00. The MS66's slabbed by NGC or PCGS sold for $12.00 - $15.00. The story is the same with the other SQ's as well.
The first states coins weren't saved in the kind of quantity that the later ones were. There were millions saved but like many later date coins the DE issues were not well made. The Philly was especially bad and was plagued by strike problems and usually had excessive marking. The prices on these is very real though the price guides tend to often understate or overstate the actual prices. The demand comes from a diverse collector base and much of it is totally unrelated to the registry sets. The demand is also very very small and the high prices are reflective of the scarcity of the coins rather than any large demand. Because this demand and supply is so small there are few dealers who specialize in this area. It is necessary to find one of these dealers or sell the coin yourself online since most dealers are not familiar with the markets and have no customers for this material. This causes them to offer absurdly low prices to protect themselves from the price list errors or percieved market risks. I would expect the PCGS MS-67's to trade at around catalog prices but I do not follow the ultramodern markets and don't closely follow any of the modern markets except for raw coins.
I don't really go buy trends. I was just making a point. the greysheets/Blue Books/Red Book reflect prices not even close to the "trends". I was just trying to understand the huge difference. Thanks Cladking, the info was great and now I have a better understanding of the difference. So IF I wanted to sell the best place would be online?? eBay??
The Redbook never even tried to keep up with moderns until the 2006 edition. The prices for almost all of these were just based on face value. They still don't list the extremely high grade and stop at MS-65. These prices tend to be well under what a coin would trade for between a knowledgeable buyer and seller though a few of the prices are to high. Krause, too, only started trying to track the moderns in the last few years but don't try over MS-65. Only Trends, PCGS, and Numismedia have developed guides for the higher grade coins. PCGS is probably the best but the listed prices should be considered for slabbed coins only and for attractive specimens. Most buyers are pretty picky and want good strikes AND clean surfaces. They also avoid problem coins. Some of the prices in this guide are actually too low and this applies especially to the lower range mint state coins. They tend to treat the MS-64's as common and this is not always the case. The CDN lists only raw moderns. While it would be easy to quibble with some of these prices the fact is that almost all modern collectors and dealers consider these prices right, so the coins trade based on greysheet. It should be remembered that some of these raw coins are quite scarce because the quality is abysmal and they weren't saved. If you do find a quality roll then you would be well advised to save it. The bulk of the best quality moderns were issued in mint sets and this is the reason there is sometimes a premium. There is a market developing for original mint sets that have not been picked over. If you have such sets you'll want to shop them around a little for the premium.
