Apparent rare 21 p buffalo nickel

Discussion in 'Coin Chat' started by amosamos16, Apr 22, 2012.

  1. amosamos16

    amosamos16 New Member

    Hello all, for the last few years i have been slowly putting together a graded au buffalo set in ngc registry, without varieties. All the coins are graded au 53 to 58 by ngc or pcgs. I started out buying most of tough ones early on. I came to a point where i only need just a few more. I thought the 21 p was a no brainier. Wow am i wrong. I have been looking for one for almost a year now, and nothing. The last 5 shows i been at nothing. I was talking to one of the dealers at the baltimore show, and he said this is a very tough date to find in problem free higher grades, xf to au. He explained how the mintage was high enough nobody really saved them, and almost low enough to make the scarce. I figured this would be a 150 dollar coin tops. My search goes on. Anybody else going through this with the 21. And with them so rarely coming up, how will the vaule be effected? Could this be a r-5 coin? Im still in need .
     
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  3. jhinton

    jhinton Well-Known Member

    They can be found, have you checked the online auction houses? You might have a harder time finding them in the AU range but MS64 and MS65 come around quite often, usually in the $600-$800 range.
     
  4. rodeoclown

    rodeoclown Dodging Bulls

  5. amosamos16

    amosamos16 New Member

    Yea i have been checking the different auctions, shows ect... I have seen quite a few ms 63 64 ect.. Coins come up as well. And yes the are very expensive. The problem is they dont match my au set. A au 55 or 58 21 p buffalo is what im hunting. These au, problem free graded ones are the problem finding and are not coming up for sale.
     
  6. rodeoclown

    rodeoclown Dodging Bulls

    Seems the ones found on eBay currently are approaching 1k or higher in AU or better grade.
     
  7. mark_h

    mark_h Somewhere over the rainbow

    This is one of those things you will just have to be patient on. Have you checked the NGC and PCGS population reports? You might have to find a raw one to get graded - just an option I thought I would mention.
     
  8. jhinton

    jhinton Well-Known Member

    I agree, I was doing some more checking around and I came to the same conclusion. It might just be easier to buy a raw one and get it slabbed yourself.
     
  9. amosamos16

    amosamos16 New Member

    Yea thats maybe the road im heading down. It could be a expensive lesson for me, and test my buffalo grading skills. Yikes!! I have done all sorts of searches and talked with others as well and they just flat out dont come up for sale. I truly believe this could be a r-5 or better coin in a true au problem free coin. If anybody has one or knows where to find one graded 53 55 58 by ngc or pcgs please let me know, thanks
     
  10. Numis-addict

    Numis-addict Addicted to coins

    you could buy a UNC and put it in your pocket for a day.
     
  11. amosamos16

    amosamos16 New Member

    LoL!! I swear I might. It would make it more valuable .. It really might?
     
  12. jhinton

    jhinton Well-Known Member

    I'm gonna say no... It wouldn't. If a coin is somewhat plentiful in MS63, 64, and 65 but hard to find in AU, that does not make the AU coin worth more. It basically means:
    A) The coins did not circulate so therefore a higher percentage was saved as MS (Not the case with this coin)
    or...
    B) That not many people have thought it was worth sending an AU coin in to get graded and most of the slabbed AU coins were sent in hoping for an MS grade. The AU coins are out there, they just aren't in the holder.
     
  13. amosamos16

    amosamos16 New Member

    Oh yea I agree with you. I was just joking. That's would be wild though, a Au coin worth more then a MS. A condition rareity.
     
  14. GDJMSP

    GDJMSP Numismatist Moderator

    And it is. Here are 4 completed, and recent (from Feb of this year to Feb of last year) auctions from Heritage with the realized price ranging from $59 to $172.

    http://coins.ha.com/c/item.zx?saleNo=131208&lotNo=22058

    http://coins.ha.com/c/item.zx?saleNo=131203&lotNo=22137

    http://coins.ha.com/c/item.zx?saleNo=131148&lotNo=29033

    http://coins.ha.com/c/item.zx?saleNo=1152&lotNo=7677

    You just have to patient, start watching Heritage, ask dealers you trust to find one for you. They're out there, just not in large numbers because there other people trying to do the same thing you are trying to do because of the price range for MS examples.
     
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