Just wait until you graduate from roll-searching to cherrypicking

[bigscores]

If you have any numismatic inclinations at all that is. Pulled a nice coin today that's probably worth around $1,000. Paid $8. And got a 40% silver half in that bunch too. If you estimate melt on the 40% half and toss in face value for the quarter, dime and cent also in there, you're looking at a net cost of $2.50 for that $1,000 coin. I'm sure some of the more intelligent individuals here will be able to figure out what it is.

I'll get it slabbed, flip it, and buy something nice with the proceeds. Or maybe just add it to my CRH capital. Or maybe just buy a whole bunch of junk silver.

 

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But is there really that much demand for condition rarities of modern, common, US coins? I mean, I can understand like a MS-67 Morgan having lots of value and even a G-4 1916-D Merc having lots of value or even a rare die variety penny having value but are there really people who spend the cash to buy modern condition rarities? I know all the coin shops I go to laugh at modern coins that don't have some PM value unless they are some rare variety (no-S proof cent for example) and also aren't you at the mercy of the TPGer? I've heard plenty of horror stories when it comes to dealing with NGC/PCGS.

 

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[bigscores]

But is there really that much demand for condition rarities of modern, common, US coins? I mean, I can understand like a MS-67 Morgan having lots of value and even a G-4 1916-D Merc having lots of value or even a rare die variety penny having value but are there really people who spend the cash to buy modern condition rarities? I know all the coin shops I go to laugh at modern coins that don't have some PM value unless they are some rare variety (no-S proof cent for example) and also aren't you at the mercy of the TPGer? I've heard plenty of horror stories when it comes to dealing with NGC/PCGS.

For the condition rarities, there's plenty of demand. How often do you think a nice '66 PCGS 67DCAM nickel comes on the market? Once every year at best, usually. How many Jefferson nickel collectors would love to own one? I can assure you that if I threw this coin on ebay, raw, with great pics, for $250, it would sell in a day. There's a reason that 68DCAM's in PCGS slabs will go for moon money... it only takes two people that really want a coin to drive the price up on it.

While you are at the mercy of the TPG, if you know how to grade and know what to you look for (AKA educating yourself) you can usually nail the grade. I'm taking both of the examples I purchased (One looks 67cam, the other the aforementioned coin) to a guy locally that knows more than anybody else I know about SMS and early proof rarities. Talked to him on the phone, and he's excited to see them and give his opinion. Last time he looked at a coin of mine and agreed with me that it was a dcam, I sent it in and it went 66dcam. That was a '58 Franklin.

I'll try to get some pics up sometime over the next couple days, but I'm not promising anything, I'm very busy with work right now.

 

[CoinFetcher]

Interesting post, regardless. I have since bough some nickles! Sound 2 nickles from the 40s. From about 6 bucks, it's not bad.

 

[GEOFF]

hmmm, i got 8 of these DCAM nickels off of a box few months ago, cant remember if they are 1966 or 1968....but they were all fully steps or 5 steps under a 10x loop....will check them and post later this weekend.