http://cgi.ebay.com/1947-S-MS66FS-P...ryZ41088QQrdZ1QQssPageNameZWD1VQQcmdZViewItem I have one of these...look at the price tag on that thing!
I don't see why this would be illegal or against the rules. A free marketplace like ebay permits people to ask any price for anything they want to sell. People are free not to buy it and obviously, "buyer beware". Buyers have to know what they're doing. Recently, a 1969 Dodge Charger (The General Lee from The Dukes of Hazzard) sold on ebay for over $9,900,500.00. That has a comparable ratio of price to "book value". (about 2000:1).
I don't see the issue here. That is a very tough coin in 66FS. For Jefferson collectors, especially Registry Set collectors, that is a good piece. I'm not saying I would pay that money for it, but there's nothing wrong with the seller posting that coin for that price.
Wait wait wait... Im kinda coin illiterate. I have a bunch of them, but I only know so much about them. "Full steps"? "MS66"? What do these mean? And according to EdsCoin, this is at least a borderline price on the coin. Maybe I was just suprised to see the price on a nickel similar to mine in style, (not condition) but I meant the thread title as a figure of speech. 8)
Prophet: Full Steps refers to the reverse on Monticello, and the number of steps that show on the building, referring to the quality of the strike on the coin. There has to be 5 or 6 steps, fully struck to qualify, some TPG'ers state 5 or 6 steps. MS-66 is Mint State - 66 on a scale of Sheldon's 1 to 70. 1 = worst possibly condition, and Uncirculated coins are from MS-60 (unc but baggy etc) to Perfect MS-70.
Ok I understand it now thanks Treashunt! Now, when you refer to the amount of steps, if there are less steps than needed to qualify for a full step grade, is this a result of wear, or a rather faulty strike?
Most nickels had a weak enough strike that all the steps did not show even when uncirculated. Of course after some wear the steps was one of the first elements to go.
