Is This Guy Nuts?!?! 2010-D Nickel, PCGS MS-68 Full Steps for $4,000?!?!

dont make me start those greedy pigs did the same and sent more than one billion people into hunger all over the world by doing the smae thing in agriculture. shameless buffoons.

 

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a slabbed coin like Caesars wife or GD's hat is above suspicion

 

Well, those dates certainly fit my contention that the Morgan scams affected the market. As one may know, it could take years for the government to act after complaints are filed. As I remember, the hobby was in an uproar and calls were going out for the government to do something. Remember the government moves, but it moves slow. And, I believe the government initially took the same position they're taking now with counterfeits, not a problem big enough for us to worry about. Of course this is one of the facts that attracts more scam artists to coins, we're viewed as a hobby whose problems have traditionally been, "not big enough for government involvement". It wasn't until they received enough complaints that they were compelled to act.

Thanks for clarifying who the companies were - I knew the coins were slabbed but wasn't sure who slabbed them. Now, with all the talk these days about the top TPG'ers changing their grading standards, which even I can see when I look at the coin and not just the slab, I'd say some collector's of high priced, high grade coins are in extremely risky positions - not only from price swings, but from changing grading standards.

Aside from what I mentioned before about the risk of a company not honoring it's guarantees due to bankruptcy, is say, pcgs on the hook if they can show grading standards changed industry wide? And, if they are, I’d speculate it could potentially cost the average collector huge legal fees to collect.

 

I searched but cannot find a chart demonstrating lower volatility on circulated coins than uncirculated. Dougs chart shows the great volatility in 1989 but that group of coins is very high end if you look at the individual coins making up that index. I use assumed beta changes as a proxy for the OP assertion that a lower grade would be less volatile than a higher one. I understand that 65's were oversold to "investors", the fact still remains that anything higher than 65 was even higher priced than the 65's during that time frame. Higher beta is not bad in an up market, I was just making a point that a higher beta is by definition higher risk, that is all. Its not saying that they will go down, its just that the risk of downward movement is greater.

If anyone has price histories of Morgans it would be interesting just as a proxy to the overall market, even though they are the most "invested" coins. I know 66 and 67s came down even more in 1989 but would love to see the numbers.

 

I have a Ms 68 1950 D that I paid $4,200.00 for

 

Wow! I would like to see a photo of that coin. Please!

 

Pic please! Certified? Full steps?

 

Does one even exist?

 

I think I remember seeing an ICG MS68. There are no 1950-D MS68's graded by either PCGS or NGC to my knowledge or in the population reports.

 

Did it look 68 or was it over graded? Looks like sampson may be kidding us.

 

or he drank the Kool-Aid.

 

I looked this up too after reading sampsons statement. ICG has not encapsulated an MS 68 for a 1950-D Jefferson Nickel .

 

Ha ha I would love to drink the kool aid.... it's not slabbed, it bought off of my dealer who is a member with PCGS, he graded it MS68, it will get it out of my SDB this weekend and post a pic. I should send it in to be graded yeah?

 

I would second this. There were actually many collectors and dealers petitioning the government to ease restrictions. I remember the letters being published in 87 and 88 demonizing the Feds for not allowing coin investment in 401k's and IRAs. If anything, collectors were DEMANDING greater investments in coins be allowed.

 

Wow, that's HEAVY money for something so subjective unslabbed.

In other news, it really is hard to find newer business-strike Jeffys in fantastic shape... scratches on the obv. fields are super-common... I've got 11 rolls of 2010P Jeffersons, if anybody wants to buy 'em and try their luck.

 

Please do post the photo's of this co called MS68 . I agree with Ltrains statement .

 

You make some good points in this post and I agree with most, except for the part above and I even agree with some of that, except about when the complaints started. You are probably correct, if you're talking complaints filed with the court. But, I'm referring to complaints within the collector/investor community when the grading standards tightened before the crash. I know I had conversations discussing how it was believed dealers where behind the grade tightening in an effort to do an "end around" to lower values without actually lowering the value of a stated grade. So, even though there may not have been complaints filed with the court, I believe the grade tightening was the beginning of the end.

 

You and alot of other people keep on forgetting that collecting coins began as a hobby, therefore the word investment should be non-related to the hobby. Sure everybody likes to get something back. But from where im standing I dont ever expect to get back what I paid. For instances if I buy a Peso for $200, I am expecting to get $200 worth of enjoyment from the coin........any gains that are acquired when its time to sell is the icing on the cake:thumb:

PLease dont take this is a bash toward you either. Im just trying to shine some light. Imagine the hobby if everybody was an investor.