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<p>[QUOTE="johnmilton, post: 3514796, member: 101855"]I don’t know how much you paid for this, but it’s often financially dangerous to get involved with modern coins “on the ground floor” before the grading has had a chance to shake out. Given that the date is 2017, there is plenty of time for more coins to crop up and dilute the market, therefore lowing the price. All you are betting upon is conditional rarity because the mintage, as we all know, is over a billion pieces.</p><p><br /></p><p>Another factor to consider is that NGC does not have the market power in the modern coin market that PCGS does. Just for the fun of it, I bought a modern NGC graded Jefferson nickel in PR-70 just to say that I had one 70 graded coin in my NGC registry type collection. It was cheap because it was in an NGC holder. If it had been in a PCGS holder, it would have been a lot more expensive. The only market for these coins is with the registry collectors who are fighting to be #1.</p><p><br /></p><p>As for my last “dumb buy” because I thought that it would be a place to park some money, was a 1925 $20 gold in NGC MS-64. To date, I’m down about $400 at least.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 3514796, member: 101855"]I don’t know how much you paid for this, but it’s often financially dangerous to get involved with modern coins “on the ground floor” before the grading has had a chance to shake out. Given that the date is 2017, there is plenty of time for more coins to crop up and dilute the market, therefore lowing the price. All you are betting upon is conditional rarity because the mintage, as we all know, is over a billion pieces. Another factor to consider is that NGC does not have the market power in the modern coin market that PCGS does. Just for the fun of it, I bought a modern NGC graded Jefferson nickel in PR-70 just to say that I had one 70 graded coin in my NGC registry type collection. It was cheap because it was in an NGC holder. If it had been in a PCGS holder, it would have been a lot more expensive. The only market for these coins is with the registry collectors who are fighting to be #1. As for my last “dumb buy” because I thought that it would be a place to park some money, was a 1925 $20 gold in NGC MS-64. To date, I’m down about $400 at least.[/QUOTE]
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