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Fenntucky Mike

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Posts posted by Fenntucky Mike

  1. 4 hours ago, Morpheus1967 said:

    Total for 5 coins:  $136 or $27.20 per coin

    That seems to be in the ballpark for moderns.

    My last submission, in September:

    Submitted 12 coins, no special labels, scratch resistant slabs, conservation, variety plus, images, etc.

    World Modern Tier

    Membership Fees $0 (I have a Premium membership which costs $149 but comes with a $150 NGC credit, so it's basically a wash as long as you use it, I think the base membership is $25, no credit)

    Packaging, Shipping and Insurance to NGC: $26.90 (Priority Mail 3-DAY)

    Grading was $17 per ($204 total)

    Return Mint Packaging:  $0

    Handling Fee:  $10

    Return Shipping:  $30

    Total for 12 coins:  $270.90 or $22.58 per coin

    I could have saved some on shipping to NGC if I used a slower service. On average I submit around 14 coins and the cost has been between $20 -$23 per coin. There was no coin that would have a value over $90 (raw) on this submission, four of the coins were for my personal collection the remaining eight I sold. Each of the sold coins were profitable with grading and selling fees (when applicable) calculated into my final cost.

    While I think it is a good idea to err on the side of caution when recommending whether or not to submit, I do think it is a good lesson for people who have put some time in, learning what they can about their coins and go into it with eyes wide open. Regardless if it may be monetarily worth it, high risk or they disagree with others evaluations. You got to learn some how.

     
  2. Cheaper to submit yourself if you can get one. No guarantee of a 70 though, it can be a crapshoot. If you want a guaranteed 70 you'll end up paying a premium for it, especially so soon after release. 

    Of course you could buy from the mint and hold on to it, enjoying it for what it is or take a chance and not buy anything then wait several years in hopes that the price drops.

    Wait, one more option. You can get immediately hosed and buy presale.

    1207974220_Untitled.thumb.png.a3064c4e8651f372c801c5f1b2c0167c.png

  3. Why couldn't a fractionally owned coin go on tour to numismatic events? Owners get behind the scenes access to "their" coin and front row seats to the high end auction associated with the event, etc. Might have to get stadium seating for all the owners.

    I agree it would not be a good investment as speculators would bid against speculators until... ohhh, so sorry.

    Unless they start charging money to see these coins at shows (and turn a profit), kind of like the "world's biggest pig" booth at a county fair.:roflmao:

  4. This is fairly common, I think the winning horse of this years derby had around 4,200 "micro-owners". I think the shares were around $200 before the Derby. Those 4,200 people were/are probably pretty happy.

    Some of it is bragging rights/having a piece of something you could never completely own on your own and the rest is speculation/gambling, either way if it isn't already in the coin world it may not be far off for the the most expensive lots.

    1 hour ago, Revenant said:

    This can't possibly be good for collectables and hobbies.

    I don't know about that, will it increase selling prices, create buzz and bring people in, maybe? A coin "stock market"? Sole ownership of the top top stuff would go away, but does that make a difference? (shrug) 

    To tie in another thread, maybe this is what the ANA should do with there collection, sell off 40,000 shares but retain the majority stake and keep it in their possession and on display at the museum.

  5. They have it listed as "Temporarily Out of Stock" so I don't think they have it. I was mainly searching for information, but I did ask if they had it just in case.

    They do have a 1986 "unlisted" full sovereign (mintage 12), asking $2,800. If you want to try and negotiate with them let me know and I'll PM you a link to the website.

    I'm not sure why the 86 full sovereign was not listed anywhere, the 1/2, 2 & 5 are all in the references. Only makes sense that there would be a 1, since they typically sold the proofs in four coin sets. The references need some updating.

  6. 28 minutes ago, Zebo said:
    1) where are the other three coins from the set and why were they separated?
    2) why do you included the approved maximum mintage for the BU2 (COA)?  I cannot remember if the number of strikes in 1984 for proofs was two or four as it is today. I have that information someplace, but cannot put my fingers on it at the moment.
    3) where is the letter stating that it was part of the four piece set? Without the letter - I do not believe that you can distinguish between the sets and the individual offerings. I'd have to examine both in hand.

    It looks like the seller broke up the set, they have the 1984 5,2 & 1 Sovereigns listed as well but they have different NGC cert #'s so they were not submitted at the same time or at least on separate forms.

    Sorry, I included the COA for the BU2. Didn't mean to confuse things, my lame attempt at humor, it came with a BU example that I saw on the internet, just thought I'd share. I would be interested to learn the # of strikes for the proof, I imagine that it is 4.

    I asked for a copy or picture of the letter from Rulau and images of the original mint packaging, we'll see. I was assuming the proofs were only released as sets and made up for the entire estimated mintage of "20", and the BU's were sold as individual offerings totaling between 12 & 20. Were proofs sold as individual coins? Are these figures the total sold or minted, were any melted, are there records for what they melted in any of the years?

     

  7. On 9/19/2020 at 9:42 AM, Zebo said:

    The 1984 is a rarity with 20 minted (per catalogs) in BU and 12 in Proof.

    What do you think about this quote from a seller of a 1984 PF 1/2 Sovereign.

    "KM# 260 LIST 20 MINTED, HOWEVER A LETTER WAS ISSUED FROM RUSSELL RULAU V.P. POBJOY MINT THAT ONLY 10 SETS WERE EVER MADE (A COPY COMES WITH THE SALE)"

    Does anyone know something about this letter? Is it a gimmick or is it real?

    Good news for you if there were only 10 produced.

    1566230213_1984NGCFP69Obv-Copy.png.474ef5191d886f523d616d912299d709.png1494139830_1984NGCPF69Rev-Copy.png.7597cb3f508615372026e629d9e0ccc9.png

    Didn't quite make it to 40,000. 

    317995578_1984IOMHalfSovereignCOA-Copy.png.5b2645fd8b8653bffd8b629ecaf352ee.png

    What was the reason for "cancelling" the production on the 1984? My guess is that Pobjoy cancelled the production due poor sales numbers and large mintages in 81 & 82 (come on, who would want the 81 sovereign?). I can't imagine the IoM cancelling the run, from all accounts they had nothing to loose, financially anyway. 

  8. The "4" is probably an indication of the number of times the coin was struck.

    I've seen similar notations on other Pobjoy products, it seems that starting around 1985 they changed from normally striking a proof coin twice to four times. In the 1/10 angels that is why you see some of the 1984's with just PF or PFCA designations, everything after that is PFUC. Pobjoy felt the need to "advertise" the increased # of strikes, or at least that is my theory. 

    1559202855_Obverse-Copy.JPG.7cd5e32e22332be1f5351a5807e1bbd5.JPG

    Found a letter from a 1991 proof set where the number of strikes is still being mentioned.

    1748603967_IOM1991ProofSet-Copy.thumb.jpg.c0add70fd76f10c1c09cdf39604f7e9e.jpg

  9. I've got good news and bad news:

    Bad news, if your looking for mintage figures they are not in this book.

    Small.JPG.74fe2b5fa5eff574e4288dece254c7f2.JPG

    Good news, it's not a bad read and I now know more about the IoM than anyone in the Midwest. I'm just waiting for the new (4th) edition of Spink to arrive, it'll be back to the drawing board if there is nothing there.

  10. 17 minutes ago, Coinbuf said:

    An interesting side note, a handful of members ATS have publicly taken the stance that they will not buy a PCGS coin unless it has a TV.  I actually doubt the validity of this position by those who have pontificated this stance, but it makes me wonder if there are buyers on the net that are swayed by an official NGC or PCGS photo.

    I don't know if people are swayed by the stock photos but if I'm bidding on a PCGS coin and I see the "gold shield" I'll give it a couple dollar premium over a non gold shield or NGC coin. Reason being, is that I believe the only thing you need to access the gold shield images is to have the cert # (someone correct me if I'm wrong on this). I still prefer the Photo Vision images over the TV images but it's the ease of access with the TV's and that they travel with the coin, you don't have to try and get them from the original owner. I can see those two things making TV more popular, ease of access to images and a symbol on the label telling you that there are images available.

    Not buying a coin because it does not have a TV image, well that just sounds silly to me.

  11. Very nice, it looks like they captured the luster on those Morgan's nicely. I've always been happy with NGC Photo Vision, the few times I tried it out (8 bucks each why not on a few coins).

    I will say that the "stock" photos that NGC takes of coins in the slabs can very wildly in quality, but they are photos for verification not glamor shots.

    How would you compare Photo Vision to True View? I tend to lean towards Photo Vision, seems to me that the images are more accurate with what the coin looks like in hand.

  12. 29 minutes ago, 7.jaguars said:

    I have never seen them worn or actually circulated. Has anyone else?

    Not the few I've seen. I mean the ones I have do have some contact or bag marks and the occasional finger print but all are in very good condition. Makes me wonder about fakes.