Reply to Thread

Message:: [QUOTE="GDJMSP, post: 2697630, member: 112"]I promise, I'm not. In point of fact I have but barely touched the surface. I merely used that 1 coin, a 2016 cent, as an example. But I can do the same thing with almost any modern coin. And there's much more to it than what I touched upon. For one thing do you have any idea of what would happen if you walked into most coin dealer shops with a handful of high grade slabbed modern coins and offered to sell them to them ? Do you know what they would say ? They'd look at you and say no thanks. They wouldn't even look at the coins. Now what's that tell ya ? That's all well and good. And I am not trying to discourage you from looking and hoping. By all means - look and hope to your heart's content ! I strongly encourage you to do so ! That is a BIG part of the enjoyment of the hobby. What I am trying to do is to get you to understand is, that in reality, you have almost no chance at all of doing what you are talking about with modern coins. And for a multitude of reasons. I was also trying to get you realize that ebay is practically worthless as a tool for estimating real world coin values. This is because the vast majority of ebay buyers haven't got a clue when it comes to buying coins. And because of that they not only overpay, sometimes they grossly overpay. There are however other places you can look to find valid price information, such as Heritage and other auction houses. And Heritage is the largest auction house there is for coins. They do almost a billion dollars worth of business a year. And if you do go look there you'll find some very interesting information. For example, that 2016 MS67 RD cent, this is what you'll find if you look there. (click on the picture to blow it up so you can read it) [ATTACH=full]606520[/ATTACH] You'll notice that the prices aren't all over the map like they were on ebay, but quite close to each other, and all recent sales. And yes, they are worth more than the $40 you mentioned. But now look at the population numbers for them, what you'll see is that there are 30 of them. And if you scroll down the page and check the current pop numbers you'll find there are 33 of them now. [ATTACH=full]606521[/ATTACH] And those 33, most of them were found by some of the best there are in the business. So that tells you what your chances of finding one would be like - slim to none. Now let's look at another modern Lincoln on Heritage, a 2014 this time. I found 2 examples of sales, same grade, same TPG. [ATTACH=full]606522[/ATTACH] [ATTACH=full]606523[/ATTACH] Look close, because you'll see that both of those sales were for a 2014-P and a 2014-D, both coins graded MS67 RD. And yet both coins combined sold for $16 and $20. What does that tell ya ? And if you look at other recent modern dates you'll find in some cases there are no recorded sales for MS67 RD coins. In others there are some, and they are various values according to their recorded sales, both above and below your $40 figure. And if you look for other denominations of the more recent modern coins in the high grades you can find some and others you won't find any. And their values range from under that $40 figure and over it. Again, the point being there's very dang few of these coins out there to begin with. So again, what are the odds of you finding one, when you don't know how to grade coins to begin with, and when you are wanting to get the coin at face value. Which means finding it either in circulation or in rolls that you buy. You see, there are several reasons why doing what you are hoping to accomplish is almost impossible for someone like you. Heck, it is beyond extremely difficult for people who do this for a living, people who have done it all their lives, the very best there are at doing it ! And I will repeat, I am NOT trying to discourage you. But I am trying to get you to understand the reality of the situation.[/QUOTE]

Create my FREE Account!

Log in or Sign up

Reply to Thread

Useful Searches