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<p>[QUOTE=&quot;johnmilton, post: 8142065, member: 101855&quot;]Many of these super high prices on high grade modern coins are driven by registry collectors, with more money than brains, who have gone insane. </p><p><br /></p><p>Years ago, a 1963 cent in PCGS PR-70 DECAM was offered in a Heritage Auction. It was bid up to over $40,000. Unfortunately the coin had started to tone and had black spots that had, more than likely, developed while it was in the holder. This was obvious in the auction listing and the photos of the coin in COINage magazine. Outside of the holder, it was worth about $10. There were comments about all over the PCGS blog. It still seemed to sell for the big price. </p><p><br /></p><p>The next it was in the Heritage auction again. The same bid levels appeared again. Finally PCGS bought the coin off the market to save themselves from the embarrassment. </p><p><br /></p><p>These high grade moderns are a high risk gamble in my opinion. You might get lucky and sell one, but I wouldn’t touch them.[/QUOTE]</p><p><br /></p>

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