Can you believe this?

http://cgi.ebay.com/2006-D-Jefferso...6QQihZ006QQcategoryZ11955QQrdZ1QQcmdZViewItem

WOW! This is a 2006D for crying out loud! I wonder how many MS67 I have in my mint bag and rolls? Nice profit for someone!

 

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But when they make 10's of millions of them, then it should be easy as long as people are willing to get those coins slabbed. For crying out loud-it's the year 2006 and the mint can't produce any nickels higher than 67!!!

 

there are only 5 graded 67fs and none graded higher, so it looks like a decent price for what it is.

 

There's still two days left. For gits and shiggles, let's say it ends at the current $400. I can think of a whole lot of other coins I would buy for $400 over 2006D 5c...

Proof coins from the late 1800's
Gold (current or 1800's)

I'm just glad these people spend their money on this so there's more of the other left for me.

 

you could get a ms67 buffalo nickel for that price lol

 

LOL I got a MS-67 + from the bank yesturday.

 

How can a 2006 coin in MS 67 be a rarity? The mint is still churning them out! Just because only 5 have been graded by PCGS doesn't really mean anything at this point I would think.
I bet if dealers see prices like this the population will increase and fast!

 

Buying coins still in production at high premiums is risky business but it's usually easier than
finding the coins yourself. Modern gems have always been hard to come by since in most
years very few are made and virtually all end up as pocket change.

While current gems are nearly impossible to gauge for their rarity, earlier issues can be much
better enumerated.

 

I don't follow Jeffersons that much but isn't the big thing with this particular coin the fact that it's a full steps? I have heard that even with modern issues it can be tough to get this designation.

 

The 2006 Jefferson nickels look so bad with all the bag marks and poor mint strikes you would be lucky to find one that is ms-61.

 

From what I've seen the 2006's tend to have pretty strong steps, so any coin graded that high is very likely to have FS.

 

Full steps are whats hard to find.

 

I don't know about this FS stuff. But I have a roll of those nickels that I'm certain are well above ms-61.

 

Perhaps that's because few are willing to spend $15 (or whatever it is) to have them grade a 2006 nickel? I don't know what the pop reports are for other grades (nor do I honestly care), but it seems to me to be pointless.

For example (and this is just off the PCGS price guide from their site, a.k.a. the PCBS price guide)...

84198 1966 SMS CA
MS64 = $17
MS65 = $40
MS66 = $60
MS67 = $175
MS68 = $3500

Of course that's not the most ridiculous jump in price, it just happened to be on the page I was looking at, at the top.

Just for gits and shiggles, what's the population breakdown for this coin & year? I'll be using the numers to show that if it is rare, it's only rare because so few coins have been submitted (either in total and.or percentage of coins minted). Point being that many of these coins exist, they might not be graded but they exist. Contrast this to some of the denoms and years of proof coins where under 1,000 were ever minted at all, let alone survive, let alone survive in MS60+ (the equiv. of) grades and I think it's utterly asinine to spend $400 on this type of coin.

Plus, it wouldn't be surprising if a MS66 of the same year would probably go for $25, and I'm willing to bet that a MS67 and an MS66 would pretty much be... the same.

 

I don't think pcgs will ever grade one an 8. Even the 66 and 65 grades are not common.

 

this nickle is quite ugly in my opinion... i wouldn't spend more than face!

 

Well at least you aren't insane

My point is that (for example) there's likely to be more MS67 1999-D Nickels (mintage of 1,066,720,000) than MS67 1938-D Nickels (mintage of 5,376,000). So while there might not be many 1999-D graded at MS67 (if one views the population reports), it's probably not rare at all as there haven't been that many graded. There may even be more 1938-D graded at MS67 (again, simply due to more being graded in total). So yes I expect to find more, but isn't that sensible? With 1,061,344,000 more coins minted of the 1999-D than the 1938-D, I think it's a reasonable expectation.

Regardless, I think spending $15+ to grade a coin with a mintage of 1,066,720,000 is pretty insane. I also think grading bullion ASE is a bit out there, but even more so, those new gold Buffalos (as they come wrapped, etc.) -but I'll gladly pay the same price I would for an ungraded ASE for a MS69 ASE (I have a few, paid $13 for them).

I guess I feel that there's at least a 1 point (+/-) degree of error in grading and that spending thousands more for a one point higher grade is not worth it. As with my previous example...

84198 1966 SMS CA
MS64 = $17
MS65 = $40
MS66 = $60
MS67 = $175
MS68 = $3500

Wouldn't you feel like an idiot if you bought an MS68 nickel and it was resubmitted and got a MS67 grade? I tend to bid at 1-2 grades lower in realized auction prices for any coin, as I just don't buy the whole TPG as much as some others do. I know you aren't a TPG cheerleader though, so I think we're more or less on the same page.

 

Well it ended at $620.00 I still can't believe a coin still in production could bring such a high premium!
Full Steps should have no inpact on the price since full steps are very, very common in the ultra modern Jeffersons.

Just think of what you could buy with $620.00?