GoldFinger1969

They prey on the lack of a formal TPG grade and the lack of knowledge by the buyers. A real collector will see they are overpriced and often by 3 grades or more even in the right grouping (MS, Circulated, XF, etc.).

I think it might happen from time-to-time. The larger point is that the fall-off from the low-60's to AU-58 is MUCH LESS than what would be expected given you are going from Mint State to Circulated.

The distribution depends alot on the type of coin and WHEN it was graded. Using Saints, for example, you would probably have a distribution closer to 10-60-30 or some other combination if it was the mid-to-late 1990's and it was a generic common.

I'll have to go back and re-read your post but I don't think you're in error. I think we were just focusing on number differentials in different grade sectors, that's the key point.

I only really track Saints, Liberty DEs, and Morgan SDs closely. Not familiar with Liberty Seated coins (quarters or halfs) at all What are the prices for the Liberty Seated Series where someone will pay more for a 58 than a 60/61 ?

Any reason you're looking for them at that date ? The TPGs had just started up, population numbers had to be somewhat low.

Not even in digital format ?

1/5th ounce of gold, got it.

Franklin's have been the subject of a super-intense debate over at CU regarding gradeflation and how coins selling for $500 or so were suddenly worth $12,000 or more.

Is this a 1/4 or 1/2 ounce coin ?

Other coins -- including a few I have, like a 1927 Saint -- have rotated within their NGC or PCGS holders. I think the 1927 moved about 45 degrees. Not sure how it happens as I thought they were securely in place, but I've seen others as well that have "moved."

Very useful thread and info, WC, thanks for elaborating and providing more details.

That's a nice tribute. Kudos !!

This guy would like to have a word with you....

Is that true ? I thought I read that a few "samples" were made and ordered to be destroyed. Isn't there one in the LBJ Library or something ?

How big is the coin, how much gold ? Another plus to having one in a holder is it will be easier to view it and hold it.

You should do what YOU want after rearching and doing your own DD -- like reading posts here. Me personally ? I would probably have 1 graded and keep the other one in the OGP.

Interesting that the Saint DE and the Liberty DE keep flipping back-and-forth in the rankings as you increase the price range. There's MORE coins and higher POPULATIONS for those years and/or mintmarks in the Saint series when you move into this price range. There must be fewer Registry players among the Liberty DE series than with the Saint series because so many of the Liberty DEs are super-expensive, especially in Mint State. Also, it's 57 years of coins for the Liberty DEs vs. 25/26 (1933) years for the Saint series, excluding mintmarks.

That's what must lead to the continued posts or columns calling the MCMVII High Relief "the most overpriced coin type among U.S. coins" and the like. It's not that the coin should sell for less $$$....it's just that this coin has a unique set of underlying DEMAND which leads to the higher price.

WC, what is this particular ranking -- or some of the others -- saying about the demographics and the $$$ behind those buyers ? Can I assume that if someone is spending $501 - $2,500 on a coin that you have a classification that by itself will have Morgans and Saints at the top....because in the case of Saints, you simply CAN'T buy them for less than that price range (unless gold collapses) no matter if you are a Type Collector, a Registry Player, or a low-income or wealthy buyer .....whereas, only the SERIOUS collector is likely to buy Quarters or Ikes or FDR dimes for $501 - $2,500 even though many more people buy the LOWER priced coins for these series. Do I have it right ? Is that what the ranking or your posts are trying to say ?

Anybody know why is it called the Koessl Matte Proof Set ? Why not Elite Matte Proof Set ? Are they keeping that name and/or not adding it to the "Elite Collection" maybe because these are proofs and they want them separate ? Maybe EC will explain here.

Good choice, I have the 4th Edition, I believe they are up to the 7th. Not sure how much is new from 6 to 7. On this counterfeit thing....the government didn't make any 1964-D's (at least for public release)....so if this Dan Carr is striking coins that say that they are 1964's but are INSIDE those custom-slabs, then maybe they should be considered some kind of commemorative ? He's not trying to pass them off as legitimate 1964-D's, right ?

I can't attend the party.....I'm watching "60 Minutes" !!!

As we have discussed before, many people prefer a great-looking AU-58 over an "ugly" MS-60/61/62 coin (I can't even recall ever seeing a coin graded MS-60). While I do not believe I have seen an AU-58 price higher than that for an MS coin, the drop-off that you would think isn't there because of the higher-demand (than expected) for the lower-graded coin. If coins are being downgraded to AU because of the slightest rub on high points, and assuming it's not bag friction, then many collectors may just shrug it off. Purists will say that ANY RUB -- from circulation or bags -- means the coin should no longer be considered Mint State. Therein lies the debate. I don't want to beat this dead horse, I'm not choosing sides, I'm just telling us what reality is.

Fair points, but what about AU-55's and AU-58's, with the possibility of + and CAC add-ons ?