Presidental dollar PCGS price: $20 for ms65, $35 ms66, $10,000 ms67???

:rolling:

http://www.pcgs.com/prices/PriceGuideDetail.aspx?MS=1&PR=1&c=1681&title=Presidential+Dollar

There's a whole lot of condition rarities in there with unbelievable spreads! Are those prices correct? Will anyone pay 286x the cost of a ms66 example? Will there be dozens if not hundreds more ms66s and ms67s made over the next few years?

150220 2007-D Adams FDI Pos B 8 12 20 35 10,000
150219 2007-D Adams Pos B 8 10 15 30 (where's price for ms67?)

FDI means first day of issue, right? How does one differnate the two? Regardless, the FDI costs only a few $ more than the "regular" ones. Does anyone know how much one could sell an ms67 for before the pops jump up? I am gonna be trying to make some ms67's of different dates/mintmarks/presidents and I bet many others will as well. Those coins have to come nice enough for ms65s and ms66s to be cheap, does anyone know how much harder an ms67 is? There's still tons of unsearched rolls of those coins as well as other presidental coins.

http://presidentialdollarguide.com/presidential-dollar-mintages/

over 50 million of each president from P and D mints. Plenty to go around!

Ive done a search and can't find much information except there appears to be several varities, positions, first strikes, FDI, satan finishes, etc. The price guide appears confusing with all the different discriptions listed and some omissions. How does one know what their particular coin is worth? What coins and in what grades are needed and in demand by collectors? What coins should I give a try with PCGS, perhaps ill go for bulk grading.

 

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First Day of Issue coins have to be postmarked on the day they came out. After that day no one can get the FDI put on the label. Getting an MS67 is very very hard for the 2007 Presidential series and yes people spend crazy money for them.

What coins should I give a try with PCGS, perhaps ill go for bulk grading? You have to submit at least 100 coins with the same mintmark and date.

 

I hear the satan finishes are the ones to own.

 

No way in blazes that I'd pay that kind o' money for a ms-67 presidential.....:mouth:

 

I'd be surprised if a normal BU Presidential dollar has ever sold for close to $10K despite what the PCGS price guide says. The PCGS guide always seems to overprice coins...but I have always felt that grading coins and having a price guide for their graded coins was kind of a conflict of interests. :rolling:

 

So where do I find out any auctions or sales history for condition "rarity" presidental dollars? I am going to start a registry set with those coins and sell off duplicates to others to use in their registry set. How much can one realistically sell a $10,000 PCGS price guide coin for? Wouldn't they just rather buy many rolls of those coins and cherrypick a few good ones? Does anyone know what % of a coin such as 2007-D Adams grades ms65, ms66, ms67? How many coins must one cherrypick thru to find a ms65, ms66, ms67?

 

First, you have to be an incredible grading genius to positively differentiate between 65-66-67's on a reliable basis.

Second, for every MS-65 you send in for grading, you will LOSE money.

MS-65's comprise maybe 1 out of a couple hundred mint state dollars.

You will make a LITTLE money on every MS-66 you send in, as long as you are submitting on the cheapest rung available.

MS-66's comprise maybe 1 out of a couple of THOUSAND dollars.

The killing, of course is on the MS-67's.

Unfortunately, you are likely to have to examine 100's of thousands of dollars to find one, if you find any at all. Nearly all of the certified dollars in existance are someone's idea of what a MS-67 or MS-68 should look like, but nearly none of them are.

Maybe you will find an MS-68, 69, or 70?

It is literally possible that NO 68, 69, or 70's will ever be found or graded, out of the entire series of billions of pieces.

 

:rolling: "Satan" !!!
http://www.youtube.com/watch?v=cCL7Z4Oo-jM&feature=related

 

If the average person can't easily differnate between those grades, wouldn't this basically mean you are buying the plastic and not coin? I have a bunch of PCGS coins and I can see the difference in most of the MS graded coins, although I have some that appear very undergraded(I sent them in expecting high grades) Ive never sent in proofs but they all look the same gradewise at pr65 and above grades. It's the cameo contrast that I can see a difference and I buy coins with the deepest, whitest frosty cameo.

So howcome ms65's and ms66's are so cheap if they are uncommon? Who wants to go thru 200 or 2000 coins? You think prices will go up when people realise this? Has anyone here had experience grading presidential dollars and how many did you guys need to cherrypick thru?

Time will tell. Right now for some dates and presidents there's nothing above ms66 or ms67. The highest grades found are those satin finish coins.

 

It just goes to show ya:


There are people with more money than sense.

It is simply a way of buying a PCGS collecting award.

Is it worth it?

Not in my view.

 

Bump for those to see my reply above and some still unanswered questions. Thanks again for your time.

 

I wouldn't pay more than $3 for a presidential dollar. Presidential dollars are hard to come by down here, and I still don't have the Tylers yet, so I guess I gotta buy some on the bay, because I need a P and D for my folder.
And $10,000, I don't care what label it has, or what modern circulating coin it is... NO WAY.

 

rugrats2001, see my reply above to you. Also want to know if anyone else has experience with those coins?

 

I have sent many presidential dollars to get graded. The difference between MS66 and MS67 is hard to tell. Lets say I look through the rolls and pull out the best coins and when they get graded I am lucky if I get 2 MS67's. Even when the price guide say $10,000, you are lucky if you can get $250 for it. I quit sending in the presidential dollars because it is more work than it is worth plus the risk is high.

Here is one that I got in MS67 (Caution Spam)
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MESELX:IT&item=260439328090


Here is an example of the sacagawea dollars. I bought a roll of both the 2009 P & D Sacagawea's. I searched through both rolls and found 8 P's that I thought were at least MS66 and I only found 3 D's that I thought were MS66. So I sent in 11 coins total and it cost $15.55 per coin or $171.05. Well I ended up with 2 P's MS67's. These are the top pops and sell for big bucks. So I got two coins that will foot the whole bill. So the rest I will sell and some will sell below the $15.55 but I made money after everything is done.
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=260425468779

 

Sure wish I had a picture of a hammer hitting a nail squarely on the head to post here!

The only change I would make in that sentence would be to strike "easily differnate" and insert "differentiate at all".

 

Yes, but the prices posted by the OP reference PCGS graded coins. Would your NGC MS-67's cross at PCGS as 67's? If so, why didn't you send them there?

 

PCGS, NGC it doesn't matter they still don't sell for what the PCGS price guide list them at.

Example http://cgi.ebay.com/2008-P-Martin-V...QptZCoinsQ5fUSQ5fIndividualQQsalenotsupported

 

So, do you think PCGS just hasn't changed the values since the 1st ms-67 was sold? how often do they update their prices

 

I think the PCGS price guide on modern coins is totally wacked. If I bid on a coin I never bid over 50% of what the PCGS price is. Most modern coins sell for 35% to 50% of PCGS Price. They don't update there price enough for it to make sense. Plus I think PCGS just wants to make people think that there coins are worth more because it is in PCGS plastic.