1967 Kennedy half realizes $12,600

Here we go again with the jealous. Instead of being happy that something is popular enough and nice enough to bring a high price so many feel the need to demean it and someone else's collecting choices.

There's nothing common about that coin in that grade.

The negative Nancy attitude of collectors that constantly express jealousy and demean how other collectors collect is turning off FAR FAR more people.

 

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This is the part of the hobby that rubs me the wrong way. Almost seems like everybody is jealous of somebody else. Kudos to the recipient who got the price and if people want to pay then so be it. I agree with who said they love coins but not the hobby. It's become ridiculously purist almost to the point of having nothing to talk about with other collectors anymore.

 

I'm starting to think that the TPG's are suffering, so if they grade a really nice coin higher than it should be or bump a graded coin up a notch, it will increase interest and the hype that goes with it will only lead to higher profits for them.

 

Set registry collecting is a pissing contest. No more. It’s all about the ego. Connoisseurship is completely irrelevant.

 

Completely false.

 

If I had deep pockets full of buku bucks I would be engaged in the registry set race. It would not be moderns however, more like Seated proofs or something...

 

It's always sad how some use their hatred of the TPGs to try and demean passionate collectors just because they have the means to buy the best which is what these threads often turn into.

Anyone that knows anything about the top sets knows that overwhelmingly those owners go for quality, very very few just go for the score. Many of those sets don't go for a higher scoring coin because they don't believe it is an upgrade. Those sets started because of their passion for the set, not because they saw and registry and just wanted to blindly compete like some make it sound.

The jealously in collecting is truly exhausting. Those of you bashing someone for being able to go after their passion should take a look in the mirror, homeless people would say the same things about your collecting because they have nothing.

Finances are all relative, passion for a hobby is something we can all share if people can leave their jealousy at the door

 

Baseball I don't normally agree with you, but you have a very valid point in what you said.

 

Well I went through my 1967 SMS coins (8) and nothing approaching a MS-69. Some nice coins but I have a few more to locate still.
Here are pic's of the coins I have located

 

We certainly disagree a lot, it just always frustrates me to see people trying to tear down others for no reason just because they have a bigger budget. We all have a bigger one than some, and less than others.

For forums at least I see threads like these and just know some of the comments that will come. I just don't understand why collectors aren't allowed to have money without being torn down.

By no means could I afford those types of coins, but I always hate the this is a common coin or they're just doing it for ego comments. The negativity of collectors on forums has worn me out. If I could though I would keep it hidden like many do because sharing it just gets the boo birds out of the woodwork.

Some top set collectors do talk about them, and many admit they don't care if they "over paid" for something they wanted. Truth be told the coins that I still have years later and didn't regret I did "overpay" at the time, but they aren't supposed to be investments. In this case it isn't even clear the sale was for a set unless someone has proof of that. Many people use registry sets to track their inventory or just share what they have, and things like this are why a lot don't.

I also hate the modern bias. A coin is a coin and a collector is a collector no matter when the coin was made. It isn't less of a coin just because it is a modern, nor are the elite modern coins anywhere near as common as some collecting snobs make them out to be. It shouldn't matter if it's clad or silver quality is quality just as conditional rarity is rarity. A lot of conditional rarity moderns are actually more rare than the classic "key dates"

It does just frustrates me overall to see a lot of the get off my lawn type stuff because that's not what they would do. Many could run around to other threads and trash their purchases but don't, but the buyers for coins like these can't get the same respect for some reason.

The whole registry thing is very overplayed for purchasing stuff. Most top sets are done for a purpose and the quality they desire, it's not the blind buying type thing some make it out to be.

Anyway that's my frustration rant for the day about how collectors treat each other and than they wonder why more people don't want to participate on chat boards or be public

 

I have a few '67's "comparable" to this. None are MS-69 and only one or two has as much frost but I've been searching these since 1972 and looking at them since 1967. I've used various means to search for them systematically over the years to improve my odds.

Ironically the '67 is "common" nice. They made about 10,000 cameos though many of these are degraded or lost now and most of the mintage of the SMS lies within MS-64 to MS-66 with many MS-67.

The real irony with moderns is that you can't tell how common or rare one is by looking at a price guide. There is just no demand for any US and world coin made since conversion to base metal after WWII so they all sell for peanuts unless they are popular for registry sets. If they are then they cost more.

Things have changed a lot in the last ten years and more and more of these are being discovered to be quite scarce. As time goes on and more demand arises there are going to be a lot more scarcities discovered. But for now anyone who likes moderns almost has to buy these "popular" coins just so they know what they are worth. Of course there's the risk more will be discovered but as long as you don't buy pop tops the financial risk isn't so great. Usually buying coins a couple grades off costs almost nothing and the potential is excellent.

To each his own and don't buy coins for investment.

 

I have never understood the "conditional rarity" collector. I personally would prefer overall rarity. That's just me, though. I have nothing against anyone else to thinks differently and nothing but respect for the search that goes into finding such an item.

 

Nothing common about this coin imo. Finding any 65-67 SMS coins deep or ultra cameo can be a real challenge let alone one at DCAM/UCAM 69.

 

Yes, this is an extraordinarily nice coin for its date and production method. It's unremarkable as, say, a 1997 proof, but as a 1967 that LOOKS LIKE a 1997 proof, it's utterly amazing.

There are lots of "nice" 1967's, but there are VERY few others THIS nice; NONE other that have been flushed out of the bushes.

 

I tend to agree with you. I have nothing against someone paying up for the finest or one of the finest but I would tend to prefer a much less expensive coin just a couple grades down. In many cases these are much more common and very easily found.

What many people don't realize is that many moderns were very horribly made. The mints had no "customers" to please other than businesses and so long as they were recognizable and worked in machines no one cared about quality. Many moderns are tough above chBU and in some cases even what's called "chBU" is a poorly struck coin from worn out dies. Truly attractive specimens of circulation issues can be very elusive for many dates. Gem and near-gem sets of most US moderns are very challenging and can be assembled very cheaply because the demand is poor.

A coin to be "near-gem" merely needs to be well struck from good dies and not too chewed up or have other distracting characteristics like misaligned dies or off-center. Most MS-64's will be near-gem for most dates.

 

For people who find this price ridiculous, I remind you that a 1966 SMS half sold in 2015 for even MORE THAN THIS, and is one grade point LOWER! SP68DCAM.

https://www.coinworld.com/news/us-c...alf-dollar-from-special-mint-set-is-at--.html

This is hardly unprecedented.

 

My intent was NOT to demean TPGs. There are plenty of other opportunities to talk about their shortcomings. My intent was to suggest and agree with most posters that there is no other reason than ego to pay huge sums for extremely common coins in the highest grade that someone who has not seen every coin of the date and mint has pronounced.

 

sigh

 

There have been 14,386 SMS Kennedy Halves submitted for grading at NGC. Of those, only 416 (2.9%) have been designated Ultra Cameo. The population in MS67 UCAM is 204/25/1. That means, out of approximately every 15K of these coins worthy of submission, we can expect one to reach this level.

The coin is a conditional rarity and is very valuable. And let's be clear, I'm not accusing you of not understanding the concept of a conditional rarity, rather, I'm saying that you are applying a negative bias to this coin because of the relative age of the coin. If someone posted and 1881-S Morgan Dollar NGC MS69 worth $30-$50K, would your reaction be the same? After all, the NGC population in MS67 is 4564/301/1. And there are certainly hundreds of thousands if not millions of raw 1881-S Morgan Dollars still out there.

Many of the 20th Century coinage is only collectible in the conditional rarity grade ranges, save the key dates of the series. The list includes Jefferson Nickels, Roosevelt Dimes, Washington Quarters, Franklin & Kennedy Half Dollars. Does that mean that I shouldn't collect premium gem Jefferson Nickels?

Of course you do have a valid point, that once the population finally does increase, the value a coin like this will drop significantly. But it will always be a rare and valuable coin, just not as valuable as it once was.