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Is This Guy Nuts?!?! 2010-D Nickel, PCGS MS-68 Full Steps for $4,000?!?!
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<p>[QUOTE="Lehigh96, post: 990339, member: 15309"]I was a teenager in the 80's and my coin collection consisted of circulated Mercury Dimes. What I do know is that the crash of 1989 had nothing to do with conditional rarities. The coin boom of the late 80's was a perfect storm starting with the TPG's, a sluggish national economy after the stock market crash of 1987, and the entrance of Wall Street money into the coin market via brokerage houses such as Merril Lynch. In fact, I would be willing to bet that most conditional rarities faired much better than their common counterparts during the crash. Furthermore, I don't know what you mean by grade fell apart. The dealers didn't want to buy them back because all of the dealers and collectors knew the prices were artificially inflated. The people who got taken were the investors who listened to a guy like "Bud Fox" from a brokerage house who cold called them with an incredible investment opportunity. The TPG's were in their infancy at that time and if confidence in the TPG's had been severely affected, they would have crashed along with the market.</p><p><br /></p><p>I should make it clear. I don't agree that it is wise to pay $4K for the coin in the OP. There are certainly a few other MS68 FS 2010-D Jefferson Nickels out there and the set price is clearly an attempt to exploit registry fever. Consider that I paid less than $3K for my 1943-P Doubled Eye Jefferson Nickel NGC MS67 5FS which has a population of (2/0) which is a conditional rarity in it's own right.</p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels/JeffersonNickel1943-PNGCMS675FSD-6.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>But if you don't recognize that the coin pictured above deserves to be worth more money than the one pictured below, then I don't know what to say to you. The coin below is a PCGS MS65 Doubled Eye 1943-P Jefferson. Now I know what you are going to say, that is two grade differences. However, PCGS is almost a full grade more conservative in their grading of Jefferson Nickels so essentially, these two coins are one grade apart. To me, the differences in quality are very obvious and the first coin is worth much more than the second. What say you?</p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels/Jefferson%20Nickels%20CT%20Contest/JeffersonNickel1943-PPCGSMS65DDODou.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>So while the $4K price tag of the OP coin is a little over the top, I would value the coin well over $1K . The problem with these modern coins is that the collector base is not the same as the classic coins. Look at me for example. I am a Jefferson Nickel aficionado but my collection stops at 1964. Another problem is that there are no historical auction prices because they coins were just minted so pricing becomes extremely difficult. I don't like the coin at that price but I just think your reasoning is flawed. I agree with Doug that conditional rarities have and always will drive significant price premiums and I agree that they should.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 990339, member: 15309"]I was a teenager in the 80's and my coin collection consisted of circulated Mercury Dimes. What I do know is that the crash of 1989 had nothing to do with conditional rarities. The coin boom of the late 80's was a perfect storm starting with the TPG's, a sluggish national economy after the stock market crash of 1987, and the entrance of Wall Street money into the coin market via brokerage houses such as Merril Lynch. In fact, I would be willing to bet that most conditional rarities faired much better than their common counterparts during the crash. Furthermore, I don't know what you mean by grade fell apart. The dealers didn't want to buy them back because all of the dealers and collectors knew the prices were artificially inflated. The people who got taken were the investors who listened to a guy like "Bud Fox" from a brokerage house who cold called them with an incredible investment opportunity. The TPG's were in their infancy at that time and if confidence in the TPG's had been severely affected, they would have crashed along with the market. I should make it clear. I don't agree that it is wise to pay $4K for the coin in the OP. There are certainly a few other MS68 FS 2010-D Jefferson Nickels out there and the set price is clearly an attempt to exploit registry fever. Consider that I paid less than $3K for my 1943-P Doubled Eye Jefferson Nickel NGC MS67 5FS which has a population of (2/0) which is a conditional rarity in it's own right. [img]http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels/JeffersonNickel1943-PNGCMS675FSD-6.jpg[/img] But if you don't recognize that the coin pictured above deserves to be worth more money than the one pictured below, then I don't know what to say to you. The coin below is a PCGS MS65 Doubled Eye 1943-P Jefferson. Now I know what you are going to say, that is two grade differences. However, PCGS is almost a full grade more conservative in their grading of Jefferson Nickels so essentially, these two coins are one grade apart. To me, the differences in quality are very obvious and the first coin is worth much more than the second. What say you? [img]http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels/Jefferson%20Nickels%20CT%20Contest/JeffersonNickel1943-PPCGSMS65DDODou.jpg[/img] So while the $4K price tag of the OP coin is a little over the top, I would value the coin well over $1K . The problem with these modern coins is that the collector base is not the same as the classic coins. Look at me for example. I am a Jefferson Nickel aficionado but my collection stops at 1964. Another problem is that there are no historical auction prices because they coins were just minted so pricing becomes extremely difficult. I don't like the coin at that price but I just think your reasoning is flawed. I agree with Doug that conditional rarities have and always will drive significant price premiums and I agree that they should.[/QUOTE]
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Is This Guy Nuts?!?! 2010-D Nickel, PCGS MS-68 Full Steps for $4,000?!?!
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