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<p>[QUOTE="NorthKorea, post: 2531534, member: 29643"]Comparing PCGS "prices," we get:</p><p><br /></p><p>MS 66 mint mark set Morgan: unattainable</p><p>MS 65 mint mark set Morgan (ex. major varieties): ~$3mm</p><p><br /></p><p>MS 66 mint mark set Ike: $6273</p><p>MS 65 mint mark set Ike: $821</p><p>PF 69 DMPL mint mark set Ike (excluding 1971 Type I Reverse): $461</p><p><br /></p><p>So, basically, you could buy 400 MS66+PF69 DMPL Ike sets for the price of one complete MS65 Morgan set.</p><p><br /></p><p>You mention the difference in population as a basis for value, but I firmly believe that is a faulty assumption. The lack of a population for Ike dollars is more likely due to a lack of submissions of the coin in all grades.</p><p><br /></p><p>It's somewhat of a catch-22 situation. Since the prices for Ikes in non-optimal (MS-64/65) grades are prohibitive to get graded (you'll lose your grading fees chasing grades), the only Ikes getting submitted are ones that the submitter feel have a reasonable shot at MS-66 (or better) grades. It's entirely possible (and quite likely) that there are MS-66/65 borderline coins that will never get submitted until there is a greater market.</p><p><br /></p><p>Supply is restricted, since there's a lack of demand in mid-tier grades. Demand is restricted, since there's a lack of graded supply, coupled with a seemingly endless raw population.</p><p><br /></p><p>As for the bags, they're out there. In bank vaults, just sitting in inventory, sometimes sitting to fulfill reserve requirements.[/QUOTE]</p><p><br /></p>
[QUOTE="NorthKorea, post: 2531534, member: 29643"]Comparing PCGS "prices," we get: MS 66 mint mark set Morgan: unattainable MS 65 mint mark set Morgan (ex. major varieties): ~$3mm MS 66 mint mark set Ike: $6273 MS 65 mint mark set Ike: $821 PF 69 DMPL mint mark set Ike (excluding 1971 Type I Reverse): $461 So, basically, you could buy 400 MS66+PF69 DMPL Ike sets for the price of one complete MS65 Morgan set. You mention the difference in population as a basis for value, but I firmly believe that is a faulty assumption. The lack of a population for Ike dollars is more likely due to a lack of submissions of the coin in all grades. It's somewhat of a catch-22 situation. Since the prices for Ikes in non-optimal (MS-64/65) grades are prohibitive to get graded (you'll lose your grading fees chasing grades), the only Ikes getting submitted are ones that the submitter feel have a reasonable shot at MS-66 (or better) grades. It's entirely possible (and quite likely) that there are MS-66/65 borderline coins that will never get submitted until there is a greater market. Supply is restricted, since there's a lack of demand in mid-tier grades. Demand is restricted, since there's a lack of graded supply, coupled with a seemingly endless raw population. As for the bags, they're out there. In bank vaults, just sitting in inventory, sometimes sitting to fulfill reserve requirements.[/QUOTE]
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