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<p>[QUOTE=&quot;Lehigh96, post: 3271601, member: 15309&quot;]There have been 14,386 SMS Kennedy Halves submitted for grading at NGC.&nbsp; Of those, only 416 (2.9%) have been designated Ultra Cameo.&nbsp; The population in MS67 UCAM is 204/25/1.&nbsp; That means, out of approximately every 15K of these coins worthy of submission, we can expect one to reach this level.</p><p><br /></p><p>The coin is a conditional rarity and is very valuable.&nbsp; And let&#039;s be clear, I&#039;m not accusing you of not understanding the concept of a conditional rarity, rather, I&#039;m saying that you are applying a negative bias to this coin because of the relative age of the coin.&nbsp; If someone posted and 1881-S Morgan Dollar NGC MS69 worth $30-$50K, would your reaction be the same?&nbsp; After all, the NGC population in MS67 is 4564/301/1.&nbsp; And there are certainly hundreds of thousands if not millions of raw 1881-S Morgan Dollars still out there.</p><p><br /></p><p>Many of the 20th Century coinage is only collectible in the conditional rarity grade ranges, save the key dates of the series.&nbsp; The list includes Jefferson Nickels, Roosevelt Dimes, Washington Quarters, Franklin &amp; Kennedy Half Dollars.&nbsp; Does that mean that I shouldn&#039;t collect premium gem Jefferson Nickels?</p><p><br /></p><p>Of course you do have a valid point, that once the population finally does increase, the value a coin like this will drop significantly.&nbsp; But it will always be a rare and valuable coin, just not as valuable as it once was.[/QUOTE]</p><p><br /></p>

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