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Quality VS Quantity Part 2. Turning low grade into a sleeper.
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<p>[QUOTE="Lehigh96, post: 1413112, member: 15309"]The 1,616 NGC examples in that grade is not the relevant number. When listing a population number you should always list it this way: (graded examples/higher graded examples). The NGC population in MS64 is (1616/2480). Now consider that the total population including PCGS is (4391/5201). In my experience collecting classic commemoratives, most collectors want their coins in the gem grade (MS65) and most prefer the premium gem grades (MS66-MS68). The MS64 grade is barely collectible and even if the demand increases dramatically, I don't see much movement in the price of low grade commemoratives due to the abundance of gem state commemoratives available for almost every issue.</p><p><br /></p><p>And as already pointed out, Numismedia Wholesale is currently $103 and the last 5 examples sold by Heritage all sold for between $84-$99. IMO, you paid a retail price for a rather generic coin.</p><p><br /></p><p><a href="http://coins.ha.com/c/item.zx?saleNo=131215&lotNo=26723" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/c/item.zx?saleNo=131215&lotNo=26723" rel="nofollow">1936 50C Cleveland PCGS MS64 Heritage Auction</a></p><p><br /></p><p>IMO, if you were looking for an affordable example of this issue, you should look for an MS65 example with fantastic luster and a nice original patina. Here is an example of what I am talking about. </p><p><br /></p><p><a href="http://coins.ha.com/c/item.zx?saleNo=443&lotNo=9656" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/c/item.zx?saleNo=443&lotNo=9656" rel="nofollow">1936 50C Cleveland PCGS MS65 Heritage 2007</a></p><p><br /></p><p>Please note in the coin description that Numismedia Wholesale for an MS65 in 2007 was $208 and is currently $140. For a few extra bucks, you could have had an MS65. It is only when you reach the premium gem level that the price jumps and even they are available for less than $300 in MS66.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 1413112, member: 15309"]The 1,616 NGC examples in that grade is not the relevant number. When listing a population number you should always list it this way: (graded examples/higher graded examples). The NGC population in MS64 is (1616/2480). Now consider that the total population including PCGS is (4391/5201). In my experience collecting classic commemoratives, most collectors want their coins in the gem grade (MS65) and most prefer the premium gem grades (MS66-MS68). The MS64 grade is barely collectible and even if the demand increases dramatically, I don't see much movement in the price of low grade commemoratives due to the abundance of gem state commemoratives available for almost every issue. And as already pointed out, Numismedia Wholesale is currently $103 and the last 5 examples sold by Heritage all sold for between $84-$99. IMO, you paid a retail price for a rather generic coin. [URL="http://coins.ha.com/c/item.zx?saleNo=131215&lotNo=26723"]1936 50C Cleveland PCGS MS64 Heritage Auction[/URL] IMO, if you were looking for an affordable example of this issue, you should look for an MS65 example with fantastic luster and a nice original patina. Here is an example of what I am talking about. [URL="http://coins.ha.com/c/item.zx?saleNo=443&lotNo=9656"]1936 50C Cleveland PCGS MS65 Heritage 2007[/URL] Please note in the coin description that Numismedia Wholesale for an MS65 in 2007 was $208 and is currently $140. For a few extra bucks, you could have had an MS65. It is only when you reach the premium gem level that the price jumps and even they are available for less than $300 in MS66.[/QUOTE]
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Quality VS Quantity Part 2. Turning low grade into a sleeper.
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