Modern Coin - Scarce Grade

Discussion in 'Coin Chat' started by furham, Jul 25, 2009.

  1. furham

    furham Good Ole Boy

    Hypothetically speaking, if you had a modern coin that was hard to come by in MS70 condition would you expect the value to go up, down, or stay somewhat static. The coin I am referring to there are only 98 out of about 7000 graded as MS70.

    Randy
     
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  3. kanga

    kanga 65 Year Collector

    What TPG graded it?
     
  4. furham

    furham Good Ole Boy

    ngc
     
  5. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Ah, trying to create rarities out of issues that were minted in the tens of millions. Pathetic....
     
  6. Lehigh96

    Lehigh96 Toning Enthusiast

    If you are assuming that the population in MS70 won't change, and you have a fixed top pop of 98/0, then any change in price will be related to the demand for the issue. I don't think there is a huge or growing demand for most high grade moderns, but it would help to know which date/mm & series you are talking about.

    With regards to rarity, 98 is not a very rare number. I have a top pop Jefferson with a total population of 32/0 and Numismedia Wholesale is $120. On the other hand, I have an SLQ with a population of 50/1 and Numsimedia Wholesale is $1,350.
     
  7. furham

    furham Good Ole Boy

    It's a 1996 Silver Eagle.
     
  8. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Better off investing in the stock market Randy. Now, collecting? That's 'nother thing.
     
  9. furham

    furham Good Ole Boy

    After the beating I took in the last quarter of 08 and the first quarter of 09 I don't think that's a good idea either.
     
  10. furham

    furham Good Ole Boy

    Nah, it was only 3,603,386. There's only been one auctioned at Heritage and that was over 2 years ago and it brought close to what it books for on Numismedia.
     
  11. mark_h

    mark_h Somewhere over the rainbow

    In my opinion the 96 ASE will probably stay close to static - both population and maybe price. This is pure speculation on my part. Who knows how many raw 70's are still lurking about. As for the price who really knows what will happen as registry set fever grows. Personally as a fan of the ASE, I will stick with the 69's. Now if I had one that I had come back graded as a 70 - that sucker would be sold so quick your head would spin.
     
  12. Just Carl

    Just Carl Numismatist

    Depends on what stocks. Most did but many stayed fairly stable throughout it all. Remember that AT&T even gave out dividends during the depression.
    No matter how bad things get, people still use the phone, internet, faxes, etc.
     
  13. Just Carl

    Just Carl Numismatist

    Back to your question. At coin shows I see many, many coins graded as MS-70, -69, -68, etc. Many of them are brand new coins from the 2000 and up era. I suppose in about 100 years those too will be worth something.
     
  14. furham

    furham Good Ole Boy

    There's another one coming up on Heritage next month and I'm gonna keep a very close eye on it.
     
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