Guess the Price--1950-D Jefferson Nickel NGC MS66*

You can say that again and still be right...

 

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also voted for more than $700.00. The scarcity of NT examples plus the overall condition of this coin, in addition to the TPG's designation suggests to me that a collector might even offer a $1,000.00 + for this coin. A terrific coin! The Strike is absolutely SUPERB! I'd surely like to know what it was actually hit for in not making a 67. WOW.

 

Thanks and sorry, when I see threads like this I purposely do not read them as to not become swayed by others' responses.

 

I have no idea what this coin would go for. But you sure have my attention! When do we find out?

 

In my experience, the star designation does not on its own drive a price premium. However, the eye appeal of the star coins do drive a premium. Sometimes a huge premium. In this case, the seller's asking price is $1,000. This seller is a well established dealer and has thousands of coins available for sale. Here is a link to the item on E-Bay!

http://cgi.ebay.com/1950-D-JEFFERSON-5c-MS66-Star-NGC-Monster-Color_W0QQitemZ190340770727QQcmdZViewItemQQptZCoins_US_Individual?hash=item2c5131aba7


I have purchased a coin from this dealer in the past. In that case, the price was also very high, but I really liked the coin so I paid it. Here are some photos of the coin I purchased in the past, a 1948-D NGC MS66* Jefferson Nickel for $325

His photo:


My photo:


As you can see, his photos are much better than your typical E-Bay seller. He has some trouble getting enough light on the coin, but overall the photo is still an accurate representation of the coin since the toning is iridescent. I paid 15X wholesale value ($21) for this coin which I think is about $100 over what it is really worth. This coin would sell consistently for 10X wholesale ($200) in auction with quality photos and a large bidder pool. The point is that on any given day, a collector might pay a huge premium if the coin really strikes him.

Lets get back to the 1950-D he has for sale. He obviously pays handsomely for his toned coins and then prices them extremely high in the hopes that he can catch the proverbial whale. My guess is that he paid between $300-$400 for this coin which is an accurate estimate of the market price of the coin (8-10X wholesale). By placing an extremely high sale price (25X wholesale), he is hoping that any interested collector will be unwilling to make a lowball offer of $300-$400 and will instead feel compelled to offer $500-$600 for the coin. Either way, he will most certainly make a tidy profit on the sale of the coin. It appears that he has a very large inventory and can afford to have some of his coins priced like this and still maintain cash flow. I will keep an eye on this coin. If it is still in his inventory 6 months from now, it might be time to make a lowball offer.

For my fellow Cointalk members who really think the original coin in this thread is worth $50-$75, I would like to present you with a comparison. The same seller has another MS66 1950-D toned Jefferson Nickel for sale for $65. Personally, this coin is a little overpriced and I would not pay more than $50 for it. But when you look at these two coins side by side, it becomes evident that they should not be in the same price range.




The first coin is nicely toned. The second coin displays dramatic rainbow toning that is extremely rare for a regular issue Jefferson Nickel. I am in the process of researching and studying the historical sales of such coins and I can tell you how difficult they are to locate in auction archives much less available on the open market.

What is this coin worth? Let's watch and see, but my guess is that it will sell for $400-$500 sometime during the next year.

 

What's a star rating? Nice coin by the way, and I love it when collectors are passionate about something. I was one of those who valued it at $50 bucks, and I'm not into nickels so thats about what I would pay for my personal collection. I have other fetishes in the coin world, and I'm sure I've paid prices others would scoff at. As long as we all get coins that make us smile and make us proud...that's really what it's all about!

 

Had you phrased the question as "How much is TNFC asking for this coin?" you would have likely received quite different responses (at least from me). $1k for that coin is ridiculous.

 

NGC gives a star designation next to the grade when a coin exhibits exceptionally uncommon eye appeal, such as this one. All graders in the room have to agree to assign a coin the star rating. If one grader isn't on board, the coin doesn't receive the star.

Well said Lehigh. It looks even more stunning in the full slab shot. Though $1000 is completely unreasonable to 99.99% of collectors and I'm sure he knows that. If someone pays it, I don't know that that would establish a new permanent price level for it.

 

that way to much for a MS-66*:rolling:

 

The coin presented in this thread is under graded, and should have made MS67. Personally, I would have no problem paying the G for this one, and I just may make a call to that dealer. A STUNNING COIN ! Thanks for the thread Lehigh.

 

Beautiful toning, smooth fields, rim looks a bit off-center. There are a few too many blemishes to go higher than MS65 (imo) and I can't tell from the pic if it has FS.

High End...MS66FS (about $225 w/toning)

Low End...MS65 (about $65 w/toning)

Based on what I see (and assuming I needed it for my collection), I might bid as high as $100. The toning is really quite nice.

(I'm sure you wouldn't be posting if I was anywhere near the price)

Ooops...I see you already posted the price (out of my price range).

 

Alot of people thqat are saying it's not worth it because of the year and grade , why is a 1942/1 dime worh so much , because it'e relatively rare , if you can find 20 1950-D nickles with this toning you'd be lucky , it's a lot rarer than a '42/1 dime . You're paying for the rarity of the toning , if you don't like toning that's your perogative a lot do and are willing to pay for that rarity . the # 20 was just my estimate .
rzage

 

The thing is though, we know what caused the 42/1. It will always be. On the other hand, you always have to wonder how this non-silver, high grade, 50-D nickel 'miraculously' turned these colors (on both sides), while almost no other one ever did. Why this one?

It never circulated to encounter various substances or chemicals that could do this. So what caused it? With something like this, there's no way to know if it's AT'd or NT'd. Maybe it was NT'd by someone experimenting with something and they coaxed it along to look like this after experimenting with other nickels? Which is AT'ing in my book. That is a very good possibility here.

Ok, fine. It's market acceptable because it's in an NGC slab. But if somebody did intentionally do something to cause this, should they be rewarded with $1000? A premium of $960 over a normal one? And will the colors remain over time? That's what the whole premium is based on afterall.

For four digit prices, the coin doctors have a lot of incentive and buying power. The incentive is there to expend more time, more effort and more money on tools, equipment and chemicals, to create better toned coins that will slab. All this does is reward them and cause more of the greedy ba****** to come out of the woodwork.

Way too much to pay for the uncertainty of it all, IMHO.

 

Vess , believe me I hate coin doctors , read any of my posts on the previous threads on AT , I'm just going by the assumption that it is NT and thus rare . Like you I think so called coin doctors are ruining the Toned coin market , also I don't buy in to the theory that the coin doctors are just speeding up mother nature , if this coin is ever prooved to be AT , It would be almost worthless to me on par with an altered coin .
rzage

 

That is your opinion Jello, but we would like to know why you think that. It sounds as though you think an MS66* should have a certain price or price range and $1,000 is way above that range. A predetermined price range is not consistent with how rainbow toned coins are valued. Collectors determine the value by evaluating each particular coin. One MS66* could have nice (but common) toning and only drive a small premium (2-3X wholesale) while coins like this 1950-D will easily drive 10-15X wholesale.

Here is a 1944-P NGC MS66* with a wholesale value of $30. What price do you think this coin would sell for in the open market.



I think it is important to note that many collectors refuse to pay huge premiums for toned coins. There is absolutely nothing wrong with that as it is their prerogative. However, those same collectors should recognize that others will pay huge premiums for toned coins. One should not ignore the market conditions simply because they are not congruent with their own opinion.

 

I feel that $1000 is way high for this coin. I have seen toned coins sell for very high premium and I know that nicely toned (non-silver) nickels are very rare and command high premiums...but I think the seller is reaching on this one. As you said Lehigh, he is probably wanting to avoid low ball offers in the hopes of meeting in the middle on the price. I could see this coin going in the $500 range (even though I originally said $200-$300)...but I would be surprised if it went higher than $500 in the end.

 

10X would not surprise me at all. 15X even might even seem plausible. 20X is getting pretty steep. 25+X just seems too much to me.

 

I would bid $200. I am just that way for these type coins.

 

I think the $1000 asking price is a weeeeee high. Most of his items are priced very high, I always see them, no matter what coin I type in, on the bottom (Also found in eBay Stores) BUY IT NOW section. He has some nice coins, but always overpriced.

 

I would like to make it clear that I agree that the $1,000 price tag on the 1950-D is overpriced. I have stated before that I believe the coin will sell easily in the 10-15X wholesale price range ($390-$585).

Having said that, Jello stated that $1,000 was too high for an MS66*. That statement indicates that he believes that no MS66* should ever reach that price. It is my position that the price of rainbow toned coins can only be evaluated on a case by case basis. This particular 1950-D might only be worth 10-15X wholesale, but that 1944-P might be worth 25X wholesale.

I also agree that his prices are high. It is evidenced by the number of coins he currently has in his inventory. However, he does have quality coins. I watch sellers like this carefully to see if they will reduce their prices over time. The I pounce. I was famous for doing that with Anaconda.