Who would choose this coin, send it to NGC, pay the associated fees, and be Satisified with this result.

Folks,

This journal entry is kind of a reaction to Allen's "ngc cencus ??" journal entry. In his Journal, Allen correctly states that modern high grade condition rarities are a risk at current prices because of the huge inventory of unopened mint packaged coins and pristine rolls existing in the hands of collectors and dealers.

I have recently purchased a coin with very little downside (about $5.95 postpaid) and very little upside. The coin I purhased is a 2012-S MS64 El Yunque Quarter, graded by NGC. This coin must have initially been submitted by someone who believed it would garner at least a 66 or 67. They must have been sorely disappointed with the MS64 grade.

I have not checked but I would tend to believe the 2012-S El Yunque in MS64 must be a great rarity at the moment. I would also tend to believe it will never be very valuable, at least in my lifetime. So my 5.95 investment seems about right.

This coin was purchased for my El Yunque Quarter Custom Set. The set will make its debut shortly. I am still waiting on arrival of a PCGS MS67 El Yunque Philadelphia quarter, purchased yesterday on Ebay. The whole set of 5 quarters came in slighly less than $50.00 with the Silver PF69 at 16.00 being the most expensive.

Thanks for your time and stay cool everybody.

Malcolm

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