Lucky 1947 coin

This is my highest graded Walker to date (MS 66 plus---I picked it up a few months ago) and it is a beautifully original, golden, pear-green & apricot, untouched gem. The strike is also sufficiently above average for the issue. It is just slightly rarer than it's 1947-D brethren, except in superb gem condition, and they are not known any higher than that (MS 67 grade.) The luster is just amazing.

This is a lower mintage Philadelphia issue. But being the last date of the series it was saved in higher numbers. Strike ranges from average to full and excessive abrasions are not usually a problem. Strike problems can occur in different areas of the coin and are not confined to just one notable area. Luster is usually attractive and bright. Investment potential is average for MS64 grade and higher grades. Although, fully struck gems are much more scarce and are difficult to locate but they do exist.

There are roughly 12,000 to 13,000 coins known in ALL MS grades certified by the 2 major services. Ranked 56 of 65 in overall MS rarity and 11th of 20 in the short set.

NGC census in MS 66 is 715/66 with just 10 of those 715 at the PLUS grade level & PCGS Population is 1074/47 with 55 of those 1074 at the 66 PLUS grade level.

Mintage is at 4,094,000

I saw this one on EBAY and it sold for 400----I meant to bid on it but sadly I did NOT. PCGS examples that aren't even as nice sell for close to 1000 bucks! So I regretted not picking it up. The coin then RE-APPEARED on Ebay again, as the buyer apparently didn't like it, so this was MY chance, now. I spoke, at length, with the seller, so I was convinced that this was a GOOD coin. I was so happy to secure it for just under 300 bucks!! I never thought to look but I just assumed that the NGC MS 66 + examples sold for less money than their PCGS counterparts. I was THRILLED, however, to realize that there are ONLY 10 KNOWN examples of the 1947 coin in NGC MS 66 + and NGC values it at 1050!!! Same goes for the 47-D in NGC 66+----just 10 EXAMPLES!!! They are so scarce that I can't even compare price trends, as the pops are so low that there is not even any price data available, and they are likely worth every bit of 1050!!! PCGS has graded FAR MORE coins in MS 66 +. I'm VERY happy with this new, original and scarce pickup.

Also, prices for these coins have seemed to really come down in the last 9-10 years, so it is a great time to buy, as I feel that the dust has settled and that the prices will only increase again. As Warren Buffett states "Be fearful when others are greedy and be greedy when others are fearful". No time like the present, as a BASE NGC MS 66 WITHOUT a the plus grade was worth almost 800 bucks back in 2005 and is worth less than 300, now. I definitely think we have reached a WLH market trough and prices are going to PEAK again in the next 4-5 years. They will likely EXCEED their previous 2005 highs, which is JMHO. Now if I can only find a NGC MS 66 + 1947 D coin. Even this crude Photograph looks beautiful!!

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