MS coins 1962,1963,1964,

[dinkyblue]

Here are three coins out of the 25 year old box from the bank that I think are in MS condition. I'm not good at grading so I could be wrong, need someone who is good at it. I know these are hard to find in MS condition. I must have found 8 or 9 of each one in the same condition. Thought it might be of interest to some here, thank you for looking............dinkyblue

[mustbebob]

These are NOT hard to find in MS (Mint State) condition. There are probably many many millions of them as BU rolls are easily found. However, if you are talking about high grade (MS67 and up), then that might be a truer statement.

Your coins may all grade in the low to mid range (MS62-64...maybe a 65)

[GrumpyEd]

25 year old box from the bank that I think are in MS condition

So you got a box and everything is 25+ years old? That must be a fun box!
Some of the early zincs are worth keeping in MS.
Like Bob said, those early 60s dates are neat but you can buy unc rolls for a few bucks.
Some early zinc unc rolls are worth more like around $30 for the 86P/D rolls and a bunch of other early zinc rolls are around $10. Much less was hoarded then but in the late 50s to early 60s roll hoarding was much more popular.

[dinkyblue]

Thank you Bob, That sounds good to me MS 62-64 as GrumpyEd said this is a fun box, I found a whole lot of 1968, 1969, and 1970, most all are S pennies, nothing over 1970s was in the box. Thank you for your help grading them...................Dan

[mustbebob]

Thank you for your help grading them...................Dan

You're welcome Dan. I am sure it was a fun box. I would have enjoyed going through it as well. Either way, it is always nice to see some nicer and older uncirc coins out there.

[jfines69]

Nice coins... If it were me I'd give them a MS 67 grade so it's good I don't do this for a living That box has really been awesome for coins... Way to go... I moved your thread to the Collector Q&A forum and clicked Bobs answer for Best Answer since he was first in and correct!!!

[makecents]

Nice set of coins Dan!!

[dinkyblue]

Thank you Jim for moving my post and the MS grade, sure sounds good even if only one of them graded that high I would be tickled pink, that would put one in the hundreds of dollars according to PCGS grading..................Dan

[GrumpyEd]

The 2 most common mistakes folks make grading is..

First, they see a print or some marks from circulating and think it's not MS, in reality lower grade unc coins can be touched and have some marks and it only means there is no wear from circulating, it does not mean never touched or circulated (even though we often say "uncirculated". Almost any full red cent or even brown with full luster is going to be in some MS grade.

Second, they see a red MS coin in low grades that looks really nice and think it's a high grade MS like a 66-67. Those are much scarcer, many dates like these 60s dates are super cheap in unc grades 65 and below because tons exist, you can buy a roll for a few dollars but almost all of them will be 63-64 and a few might be 65. You need to search thousands of them straight from unc rolls to find a few above 65. The reason might be that few were ever made in that high a quality, it might be that the planchets were handled rough before striking or the coins were handled rough, right out of the unc bag most are low grade uncs. You can see that on the 3 examples, they are red and full luster but have a lot of chatter and that's what holds them down. Sure you can get lucky and the first one you pick up will be but it's really unlikely and that is out of truly unc bags/rolls. If your coin did come from circulation and was handled it can still easily be a 63-64 maybe 65 but almost impossible to be above that. The truly high grades MS66 and above are not only very chatter free and few bag marks, they also start caring more about strike, to get that top grade they need to be a better strike, better steps, fully struck on the shoulder. If you look close, most of the coins from those dates still show the chatter that was on the planchet on the high areas like the shoulder because strike didn't obliterate it, when you get down to the nitty gritty like why there are a few MS68 for 1962, it might be something hard to see like the shoulder was more free of that chatter. Something only a really good grader would notice and I still doubt that even the TPGs are that repeatable, send one MS68 in 10 times and it might come back as a 66 or 67 and lucky to get back in the 68 grade. It's like winning a lottery!

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In the PCGS pop report, MS67 is the highest grade they ever gave to a 1963P/1964P. For 62 they have graded some in MS68 and that's a $10,000 coin. There are no MS69 or MS70 for those dates ever graded yet probably because none exist in those grades. The MS67s from those dates are worth hundreds. The reason is, almost all of the ones from unc rolls are below 65, a few 66, very few better and the other millions and millions of them are 65 or below. It's also very likely that lots of the higher grade ones came from mint sets, that avoided the bag marks and chatter from being in bags so the odds of finding the high grades in regular non mint set coins is even lower and lower yet if the coin was also in circulation for a while.

Those 3 coins are probably about MS63, lets even take a jump and say they are all MS65 even though they are not.
So the price in retail (you own a coin shop or list on ebay or auction) after having it graded (costs you at least $19-$50 each depending how you submit) the value is $10 for the 1962, $12 for the 1963, $8 for the 1964. So you would lose money to have them graded even if all were MS65.

That is the whole reason that high graded coins have value, they are rare. The only way people make money on them is they are experts at grading and look at thousands and thousands of coins and are able to tell which one might have a shot of being MS66 or better. They send a few, they lose money and get upset on most of them that come back MS65 and if they get a few above that then they make a profit as long as they didn't lose that much on the ones they were wrong about. It's absolutely a losing game unless the person is really good at grading.

Pricing in raw random uncs in bags/rolls/flips is different. In the greysheet it gives a price of a few dollars a roll in unc rolls, they say average unc rolls are around MS63. In retail like a coin shop (where they have overhead to sell stuff) they might flip them and ask anything from 25 cents to a dollar in a flip. On ebay same thing but then there is the cost of shipping and effort of taking pics and making listings to sell them.
So in the end, a raw unc from those dates is worth something like 5 to 10 cents. That is the reality.

[GrumpyEd]

Even the 5 to 10 cents might not be true.
Buying collections or accumulations, if I dump a can of someones coins and see common stuff like circ clad halves, circ clad Ikes, circ bicentennial quarters, common low grade unc cents etc, I'll put that in a pile and tell them to spend it or let kids play with it. We only would buy that stuff at all if we we really wanted the person to be happy or we really wanted something else and they insisted we buy it all (and we spent those things anyway) because we had no time to mess with thousands of things barely over face value. Then we pile the junk 90% and price it then look at any real collector type coins and price them. The only time we would truly buy the 60s unc cents was if it was a full roll and even then it might be $2. We would give a few dollars per coin if it was a 60SD in those grades. Other singles pretty much go in the spend pile.

[dinkyblue]

The coins I have may not be worth much at all money wise or to some collectors but to me since I don't have a lot of these in really good condition they are worth a lot just to have them. I just collect them I don't sell them, never have sold one coin even this 1992 D close AM. I don't even know what it is worth, I do know that it's rare, it graded AU 58 PCGS. Thank you GrumpyEd for the lesson on the three coins, it is very interesting to me...............Dan

[GrumpyEd]

That's exactly what they are good for, have fun and fill a folder or tube them.
They won't make us rich.
The stuff like the 92-D clam is another story, on top of being a fun find it's a money coin!

[makecents]

At the end of the day, we all need to respect each others coin searching reasons, regardless of the outcome of the find, as long as we show respect for each other!

[GrumpyEd]

Yes, it's all fun and I had a lot of fun filling my first blue 59-present folder with nice coins like that from circulation and if we get super lucky we find something worth a lot like the clam, if not we have a bunch of fun almost for free.
My point is not to think they're going to be top pop MS67s and spend money getting them slabbed.

From pics you can tell it's in the range of what Bob said.

If a coin a super gem like 66 or better, hardly anyone can reliably say 66-67-or 68 from pics. The people that make top pops are going through thousands of coins slowly with their setup and even then they are not sure until they get their coins graded.
When I did a lot of shows, there were some dealers that were really good. Other dealers would get their opinions, these were things like MS64-65-66. (not super gems like above 66) Over time I realized there were a few dealers that were almost always right. I only believed it because I got their opinions then sent the coins for grading and realized they were almost always right. Some were coins I was buying and was thinking 64 but the good dealers would look for 2 seconds and say 65. (stuff where a grade made it either a bargain or a rip) Those dealers were also ones that were into "making" top pops and they were good at it. I learned that I will not get ahead doing it, like we see here, some of us know varieties but those guys that are experts at making top pop coins are a whole different branch of collecting. Most of them didn't know much about varieties.

[dinkyblue]

The most important thing for me is knowledge, the more I learn the better I feel a stimulation for the brain if you will, and at my age I need all I can get. If anyone has anything to offer I'm all ears. Thank you Jon, and GrumyEd I'm glad you are here, I appreciate all you have to say..............Dan