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<p>[QUOTE=&quot;johnmilton, post: 5162834, member: 101855&quot;]Here is the prime example of the &quot;registry position follies.&quot;</p><p><br /></p><p>How much would you pay for this 1963 Proof cent?</p><p><br /></p><p>[ATTACH=full]1210095[/ATTACH] [ATTACH=full]1210096[/ATTACH]</p><p><br /></p><p>For those who are new to the grading game please note that it has some spots and is starting to tone. Some people when they are shopping for a 1963 Proof set would look at this coin and view it as a potential &quot;bad penny Proof.&quot;</p><p><br /></p><p>PCGS graded this PR-70, DeCam. It is the only 1963 cent to receive this grade. It was illustrated in a number of places, including COINage Magazine. It was obvious to all who so it that it was turning and was no longer a PR-70.</p><p><br /></p><p>Yet, when it came up for auction at Heritage, it reached $40,000 + two years in a row. It brought up a lot of controversy on the PCGS blog. It initiated so much controversy that PCGS bought it off the market.</p><p><br /></p><p>It is a Proof Decam, which makes it scarce because very few pieces were made that way in the early 1960s. Still it does have issues. In my opinion it’s worth about $10 outside the holder, but in the holder, it’s a different story because of the registry points it once earned as a unique POP-1.[/QUOTE]</p><p><br /></p>

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