Why does anyone even care about 70's these days?

Seriously, regardless of the preselection of coins with these pop results why does anyone care about getting a modern 70?



When the vast majority of graded modern hof come back at 70 why is anyone even paying any premium for these coins.

Is there actually someone out there who collects moderns that can tell me what motivated them to actually buy a graded 70 instead of mint raw coin?

Coin for the thread. The one that got away didn't get all that far after all.

 

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I've been wondering the same thing. Whenever I sell commemoratives I sell them raw. Mind you the only commemorative I sold was a HOF silver uncirculated. Nonetheless I wouldn't bother submitting in hopes of getting a 70 unless the premiums are very significant.

 

With the advent of the registry set competition and the mentality of wanting to be 1st or the best they will always be chasing the "ultimate grade". Some people like moderns and for what its worth thankfully people collected moderns 100 years ago.

 

not sure why ? sure love your seated half. gorgeous coin. wow factor.

 

I totally agree this is the only reason I see people paying money for modern 70's when 80% of all graded moderns in some series grade 70. I have started a few other threads on this topic and posted an article bowers wrote on the topic. I'm just about to finish beating this dead horse but even as we speak there is about a $100 dollar spread between 69 and 70 on ebay hof coins. This just makes no mathematical sense until you factor in registry competition. As I said in the past there is no real reason to grade moderns unless you really want to be on the registry list and just can't afford to do in with Morgans.

The smartest marketing move that
Pcgs and ngc ever did was creating those registry lists.

 

I don't know Vic, but when you post a half dollar like that it pretty much makes me ignore your question and just drool over your coin, lol.

 

If you paid attention to something other than posts about some guy named Josh, you'd know there was a bag and a rubber band as motivation for the HoF coins.

 

I got the chills whence I saw the SL half - I own a very similarly coloured example!

Can you imagine being the "lucky" poke that got a "68" on their coin instead of a "70"?

 

Because...

"Men have become the tool of their
tools." Henry David Thoreau

When grading was simple it was
a useful tool. Now it's the Plantation
Colonel.

Is it just my imagination, (which I suspect I'm a tool of), or do most
systems and organisations start out
serving and end up being served? U.S grading and the Internet both remind me of that plant in the Little Shop of Horrors- "feed me sucker!"

 

I would agree with Longnine.

I have been around this hobby for a while now, going on 40 years. While in the 70's there of course was a desire of many to own excellent examples of coins, there didn't seem to be this severe push to collect "only the very best". This manifests itself in many ways. One is pricing for the very top grade of a coin, even if the buyer can't physically even see the difference, (or if its even there, but that is a slab thread debate). Another is this perverse attraction to what others have labelled "keys", and the assumption these "keys" are somehow superior coins. Off the top of my head, high grade 1916S dimes are a LOT rarer than 1916d dimes, yet the 16d has a much higher price since its a "key", so somehow better.

I agree with you wholeheartedly. These two things are kind of what drove me to ancient collecting. I really felt like I didn't belong in US collecting anymore since I simply could not understand these two major trends, and at times felt like an outsider if I did not subscribe to this, "drink the koolaid" as it were.

 

I am waiting for the premiums to jump on the 68's and below as people start to put together "low-ball" sets.The Pr68 has a pop of only 3 with 4600 higher.

 

Why wouldn't someone just put the coin in their pocket for a few months and make a VF if they wanted a lowball example?

 

I was gonna answer the question, but I have decided to not waste my time and continue staring at the seated liberty half.
Maybe tommorow. Then again, maybe I'll be busy with another one of your coin's.

 

I think it's a joke!

 

If it is so easy to come across 70's, why would anyone want a 69? Instead of viewing it as 70's are commanding a premium, maybe we should view it as 69's and lower are selling at significant discounts.

 

Some people buy the slab, not the coin!

Chris

 

Actually, the 68 is the [relatively] scarcer item.

Go for it!

 

There is an up-side to the "race to the top". For many coins, there is little to no price difference between G and AU. Didn't used to be that way. Let those guys compete, I'm gonna collect.

 

I'l

I'll get you for that.