I got a great deal on 2 of the 5-ounces at FUN; one was a 70 and one was a 69. Dealers were desperate to ditch stuff on Saturday and Sunday. Ebay and 70's are ridiculous. I see flexibility on GC and occasionally HA when they show up there.
That should be obvious. Why do some people get a steak instead of ground beef, 20 year old scotch instead of 5 year old etc. People generally get the best they like that they can afford
Steak vs. Ground Beef, I get. A 70 vs. 65 or 66, I get. But you REALLY pay up as you go from 65 (usually barely above spot) to 69 to 70. In fact, I think on the 5-ouncers I have only seen 1 or 2 below 69 in the last year. It just seems like the price really goes parabolic for that 70 level....and my understanding is even with the 5-ouncers -- where it is EASY to see blemishes on the large-sized coin -- there are plenty that make the grade.
You really pay up from a burger to a steak too. You really pay up for a sunroof in a car, you really pay up for first class on an airline. Should Cohen ignore DJ or Bauer because he’d have to pay up and go for the cheaper not as good guy? It’s all the same concept. People that like them and can afford them buy them
IMO, Trying to discern between MS-69 and MS-70 isn't even the tail wagging the dog. It's a flea wagging the tail that's wagging the dog. Is that much different than "chasing yield" on wallstreet? I'll pass on both. There's too much opportunity in Exo and World.
I’m all set with any. You show me a ms or proof 69 19th c coin and there you have a stunner well worth the money otherwise yawn.
70’s can be worth more than 69’s due to pop scarcity in 70 and demand. In understanding how mods are priced you need to understand pop and the issue. At very least I would price a 70 at least 25-50% higher than 69. Sold many 70 at even much higher than that (really low pop). On the surface seems insane but look at some of the huge premiums on stickered coins. Key to proper retail pricing is understanding the issue, it’s market demand structure, and how it’s priced. Like deer in the headlights encounter know it all tire kickers at shows not cognizant of market dynamics. Many don’t even know how to grade lol.
Some 70s go for 50% above a 69? And they sell for that...? I believe you, I just have to say, that is incredible.
Thanks, Derek, I think you are spot-on....pop scarcity and demand seem like the key. Some private issue commemoratives with very low pop go for 500-600% premium to underlying metal content in PF70 condition. It drops to 300-500% premium for MS69.