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<p>[QUOTE="Publius2, post: 26712462, member: 105571"]Well, let me say first of all that the coins I described are common in terms of total numbers available. The 1866 Rays Shield Nickel is a popular type coin and very common. It's more of a conditional rarity but then only when the grade gets above MS-65 (GS $1350 in 65 to $3000 in 66 and $30,000 in 67). I have found lots of 1866 Rays in shows and auctions at MS-65 and 66 but almost all of them have deficits in comparison to what I'm looking for. I fully expect to have to pay a premium for the right coin in MS-66. But the coin I cited was way over-priced even for a PQ specimen, IMHO.</p><p><br /></p><p>Your other points are well-taken in that PQ coins that are actually rare, conditionally rare, or at least very popular will always command superior prices.</p><p><br /></p><p>And maybe the right descriptor for what I observed is "hyperbolic pricing".[/QUOTE]</p><p><br /></p>
[QUOTE="Publius2, post: 26712462, member: 105571"]Well, let me say first of all that the coins I described are common in terms of total numbers available. The 1866 Rays Shield Nickel is a popular type coin and very common. It's more of a conditional rarity but then only when the grade gets above MS-65 (GS $1350 in 65 to $3000 in 66 and $30,000 in 67). I have found lots of 1866 Rays in shows and auctions at MS-65 and 66 but almost all of them have deficits in comparison to what I'm looking for. I fully expect to have to pay a premium for the right coin in MS-66. But the coin I cited was way over-priced even for a PQ specimen, IMHO. Your other points are well-taken in that PQ coins that are actually rare, conditionally rare, or at least very popular will always command superior prices. And maybe the right descriptor for what I observed is "hyperbolic pricing".[/QUOTE]
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