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<p>[QUOTE="Lehigh96, post: 443260, member: 15309"]Now you would not say that if this was not a modern coin. The fact is that there have been almost 10,000 1977-S Proof Ike's graded by PCGS. Over 9,000 of them were graded PF69 while only 13 were graded PF70. I am not about to get into a debate about the difference between the two grades because I don't collect moderns and don't really care. However, you can't say with a straight face that the PF70 with a population that is over 700 times more rare than the PF69 isn't worth a huge (and I mean huge) price increase.</p><p><br /></p><p>I would never pay $5K for a proof IKE and I would also never pay $5K for a top pop FS Jefferson Nickel, but I don't completely disregard their rarity simply because I wouldn't pay that amount of money for them. This coin is very rare and deserves a high price tag IMO. Conditional rarities of every series bring strong prices due to simple economics, low supply and high demand. Just because this is a conditional rarity of a modern proof does not invalidate it's scarcity.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 443260, member: 15309"]Now you would not say that if this was not a modern coin. The fact is that there have been almost 10,000 1977-S Proof Ike's graded by PCGS. Over 9,000 of them were graded PF69 while only 13 were graded PF70. I am not about to get into a debate about the difference between the two grades because I don't collect moderns and don't really care. However, you can't say with a straight face that the PF70 with a population that is over 700 times more rare than the PF69 isn't worth a huge (and I mean huge) price increase. I would never pay $5K for a proof IKE and I would also never pay $5K for a top pop FS Jefferson Nickel, but I don't completely disregard their rarity simply because I wouldn't pay that amount of money for them. This coin is very rare and deserves a high price tag IMO. Conditional rarities of every series bring strong prices due to simple economics, low supply and high demand. Just because this is a conditional rarity of a modern proof does not invalidate it's scarcity.[/QUOTE]
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