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<p>[QUOTE="19Lyds, post: 1633088, member: 15929"]Kinda pointless IMO since the price is not sustainable as its more or less a one time PCGS Registry Purchase. Any published prices will simply go down as the population increase. And they will increase regardless of what some folks feel that they "know". For that matter, even if they don't increase, interest in the sets is limited to fewer than 5 folks who would be willing to pay $1,600 just to sustain their positions "in the registry".</p><p><br /></p><p>Imagine what would happen to the prices if PCGS dropped the Presidential Dollars Registry Sets?</p><p><br /></p><p>I have an MS68 Monroe (1 of 6) that used to have a price of $3,000 associated with it but I couldn't get $200 for it since of the 6 that have been graded, only 5 people wanted them enough to pay that kind of money and they already have theirs. BTW, the price for the coin has dropped to $2,250. Why? Because those that wanted one already have one. </p><p><br /></p><p>The prices reflected in the PCGS Price Guide are not based upon "consistent sales" but are only PCGS Authorized Dealer reports of prices they got from folks with the "fever" that are building or sustaining a Registry Set. These are "DEALER ASKING Prices" in a "DEALER CREATED MARKET" and in no way reflect the real Coin Market.</p><p><br /></p><p>Here is a good example:</p><p><br /></p><p>[ATTACH]233739.vB[/ATTACH]</p><p><br /></p><p>I am sooooo glad I didn't buy this one when oit first came out but instead chose to wait for it to show up in a "public auction". I have several more of these "High Dollar" presidential coins in my stable that have literally bled soooo much money that I don't even think about it anymore. If I did, I'd just go crazy.</p><p><br /></p><p>How about a 2008-D John Quincy Adams thats "registry valued" at $600. I couldn't sell that one for $250 since the folks that wanted one, already have one. I've had that coin up for sale in my eBay store for better than a year with a $350 BIN or Make Offer. The listing is automatically set up to accept any offer of at least $250 and to automatically reject any offer lower than $200. No big deal though since I have NEVER received ANY type of offer for the coin. NONE! NARA! Can I honestly state that its worth $600? Absolutely not. </p><p><br /></p><p>Now if someone can sell one of thse for $1,600 then great but stating that they have a "value" of $1,600 is simply bogus claim which cannot be backed up by "consistent public sales".</p><p><br /></p><p>A Morgan Dollar will ALWAYS be worth silver melt.</p><p>An MS67 Morgan Dollar, on the pther hand, will ALWAYS be worth 5 full figures. ($xx,xxx)</p><p>An MS67 Presidential Dollar....................will Not.</p><p><br /></p><p>I do not see this changing in my or my childrens or their childrens lifetimes.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 1633088, member: 15929"]Kinda pointless IMO since the price is not sustainable as its more or less a one time PCGS Registry Purchase. Any published prices will simply go down as the population increase. And they will increase regardless of what some folks feel that they "know". For that matter, even if they don't increase, interest in the sets is limited to fewer than 5 folks who would be willing to pay $1,600 just to sustain their positions "in the registry". Imagine what would happen to the prices if PCGS dropped the Presidential Dollars Registry Sets? I have an MS68 Monroe (1 of 6) that used to have a price of $3,000 associated with it but I couldn't get $200 for it since of the 6 that have been graded, only 5 people wanted them enough to pay that kind of money and they already have theirs. BTW, the price for the coin has dropped to $2,250. Why? Because those that wanted one already have one. The prices reflected in the PCGS Price Guide are not based upon "consistent sales" but are only PCGS Authorized Dealer reports of prices they got from folks with the "fever" that are building or sustaining a Registry Set. These are "DEALER ASKING Prices" in a "DEALER CREATED MARKET" and in no way reflect the real Coin Market. Here is a good example: [ATTACH]233739.vB[/ATTACH] I am sooooo glad I didn't buy this one when oit first came out but instead chose to wait for it to show up in a "public auction". I have several more of these "High Dollar" presidential coins in my stable that have literally bled soooo much money that I don't even think about it anymore. If I did, I'd just go crazy. How about a 2008-D John Quincy Adams thats "registry valued" at $600. I couldn't sell that one for $250 since the folks that wanted one, already have one. I've had that coin up for sale in my eBay store for better than a year with a $350 BIN or Make Offer. The listing is automatically set up to accept any offer of at least $250 and to automatically reject any offer lower than $200. No big deal though since I have NEVER received ANY type of offer for the coin. NONE! NARA! Can I honestly state that its worth $600? Absolutely not. Now if someone can sell one of thse for $1,600 then great but stating that they have a "value" of $1,600 is simply bogus claim which cannot be backed up by "consistent public sales". A Morgan Dollar will ALWAYS be worth silver melt. An MS67 Morgan Dollar, on the pther hand, will ALWAYS be worth 5 full figures. ($xx,xxx) An MS67 Presidential Dollar....................will Not. I do not see this changing in my or my childrens or their childrens lifetimes.[/QUOTE]
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