1963-P MS 66 FBL price reduction

[John Satterlee]

How can the price of the 1963-P MS 66 FBL coin fall so fast?

[asdfgh]

If several sell at auction for a lower price. If a lot more get authenticated at that grade making it more

common. I am guessing your are looking at the NGC coin price guide. You would be better off looking at

auctions results for prices.

[John Satterlee]

6 hours ago, John Satterlee said:

How can the price of the 1963-P MS 66 FBL coin fall so fast?

OK, thanks

[physics-fan3.14]

I'm not sure which price guide you are looking at, but the NGC price guide shows the price steady or increasing. The pop report shows a single 66FBL coin graded by NGC, although I think there are a couple more at PCGS. This coin hasn't sold in the past couple of years that I know of. 

The price of these ultra-rare top coins is determined largely by Registry players, and on the strength of the coin. Sure, the NGC price guide says $37,000 for this coin (although I think a more realistic number is $30,000). But, the population is extremely small, and it isn't traded often - so the price guide is essentially useless here. 

For a little bit of eye candy, here is the second highest graded 1963-P Franklin, graded NGC MS-65+ * FBL. I own it (and I really do think it deserves 66FBL): 

[John Satterlee]

Hi and thanks for the response.

The price reduction, down to $15000 was at the PCGS price guide. NGC still shows $37000.

I too own one of the 1963-p MS66 FBL coins.  I was shocked to see the price reduction.

Thanks again.

JS

[John Satterlee]

Your 1963-p is a very nice coin.

[physics-fan3.14]

23 hours ago, John Satterlee said:

Hi and thanks for the response.

The price reduction, down to $15000 was at the PCGS price guide. NGC still shows $37000.

I too own one of the 1963-p MS66 FBL coins.  I was shocked to see the price reduction.

Thanks again.

JS

Congrats on owning one of these! I'm not sure which specimen you own, but the last sale I see on Heritage was in 2015 for $17.6k: https://coins.ha.com/itm/franklin-half-dollars/1963-50c-ms66-full-bell-lines-pcgs/a/1225-3357.s?type=NGC1225

I don't follow the PCGS price guide, but $15k seems a bit low (I don't know what it was before). I think the 2015 sale was hurt by a coin that had somewhat dark toning and probably more accurately grades 65+ (just interpreting the Heritage photos - it might be completely different in hand). An accurately graded 66FBL would sell for more (such as the much cleaner coin sold in 2013 on Heritage for $27k). The truth is probably somewhere in between. 

[John Satterlee]

PCGS previously had $23500 for a price on the 1963-P MS 66 FBL.  I'm very proud of this coin.

There is a 1963-P MS 66 FBL on E-bay for sale at $12,000 and a lot of toning.

Thanks