1940 Mint Set 0

[Coinbuf]

On 1/29/2023 at 10:01 PM, Legionary1 said:

Insane is the word you're looking for.

I left the auction with 45 minutes to go; the remaining action was a war between Bidder 8 and Bidder 9...

Irrational exuberance was the term used by a member of the forum ATS, certainly some truth to that thought.   I guess some folks just really wanted most of the Blay coins, I assume that some just wanted to have a part of the best set or the provenance.   This was true for me as the one coin I did win I paid too much for, not 4K too much for but well over what the coin I won is worth.   Some must be the very well heeled collectors that wanted to improve their sets, and lastly thee have to be some dealers that are planning to crack or resubmit looking for MS68 grades.

I know where I can lay my hands on a very nice 40-D in 67+ for less than $500, one fourth of what the Blay coin sold for.   Wild auction results for sure, and that is just the beginning as currently his Canadian cents are now up on GC and I am guessing that his Indian cents will be soon too.

[Legionary1]

On 1/30/2023 at 2:34 PM, Coinbuf said:

Irrational exuberance was the term used by a member of the forum ATS, certainly some truth to that thought.   I guess some folks just really wanted most of the Blay coins, I assume that some just wanted to have a part of the best set or the provenance.   This was true for me as the one coin I did win I paid too much for, not 4K too much for but well over what the coin I won is worth.   Some must be the very well heeled collectors that wanted to improve their sets, and lastly thee have to be some dealers that are planning to crack or resubmit looking for MS68 grades.

I know where I can lay my hands on a very nice 40-D in 67+ for less than $500, one fourth of what the Blay coin sold for.   Wild auction results for sure, and that is just the beginning as currently his Canadian cents are now up on GC and I am guessing that his Indian cents will be soon too.

It was the hype surrounding the sale of Blay's collection that did it.

[Legionary1]

Gentlemen:

It is with the deepest regret that I announce that (due to economic necessity), I have to downgrade my 1940 set from NGC MS67 to NGC MS66.

Nothing like a busted waterpipe in my house to kill my desire to continue the competition. 

 

 

[Coinbuf]

On 2/20/2023 at 12:50 PM, Legionary1 said:

Gentlemen:

It is with the deepest regret that I announce that (due to economic necessity), I have to downgrade my 1940 set from NGC MS67 to NGC MS66.

Nothing like a busted waterpipe in my house to kill my desire to continue the competition. 

 

 

Sorry to hear about your bad news, those homeowner repairs can be expensive.   Last year I had to replace one of the A/C units for my house, I sure hope the other can last another year or two.   I hope that you will be able to come back stronger than ever in time.

[Paul3990]

I have a 1940 jefferson no mint 10 cent and a 1940 s also a 1935 mercury dime D i am computer illiterate if you all could possibly help me out a little id appriciate it

[Sandon]

@Paul3990--Welcome to the NGC chat board.

   You have posted your inquiry in an existing topic regarding "registry sets" for gem uncirculated (brand new looking) coins dated 1940 that have been certified by a grading service such as NGC, which is unrelated to your inquiry about the likely worn coins that you have, which would be worth much, much less than those obtained for registry sets. Your inquiry should be posted as a new topic in the "Newbie Coin Collecting Questions" forum, preferably with clear, cropped photos of each side of each coin. Without photos, we can't evaluate your coins.

   Assuming that your coins are circulated (worn) as they are usually found, a 1940 Jefferson nickel would likely only have a retail value of face value (five cents) to twenty-five cents. A circulated 1935-D "Mercury" dime would likely be worth anywhere from its silver value (currently around $1.60) to $12 or so. I can't be more specific without seeing what the coins look like.

[Legionary1]

On 2/20/2023 at 7:42 PM, Coinbuf said:

Sorry to hear about your bad news, those homeowner repairs can be expensive.   Last year I had to replace one of the A/C units for my house, I sure hope the other can last another year or two.   I hope that you will be able to come back stronger than ever in time.

Due to improved circumstances, I've been able to keep the rest  of the 1940 set as it is, and have recently obtained replacements fro my 1940 Lincoln cents, all are now in the grade of NGC MS67 

[Coinbuf]

That is great, happy to hear that you were not required to dismantle your set entirely.  

[Legionary1]

On 3/20/2023 at 3:24 PM, Coinbuf said:

That is great, happy to hear that you were not required to dismantle your set entirely.  

The only remaining coin I need to re-complete the set is a '40-P Washington quarter in NGC MS67.

Unfortunately, the only specimens I'm seeing for sale right now aren't all that attractive; I've never been a fan of toning, as I prefer my coins to be stone-white brilliant. 

[Coinbuf]

On 3/26/2023 at 7:06 PM, Legionary1 said:

The only remaining coin I need to re-complete the set is a '40-P Washington quarter in NGC MS67.

Unfortunately, the only specimens I'm seeing for sale right now aren't all that attractive; I've never been a fan of toning, as I prefer my coins to be stone-white brilliant. 

Nice to see you on the hunt again!    One will pop up, not a tough coin to find in general and I can relate.   While I can appreciate a nice toned coin, for coins from this timeframe I prefer a blast white coin as well.