ultra rare, ultra suberb modern business strike 2010 nickel for thousands?

[CarlWohlforth]

How exciting! eBay seller tazmicenterprises listed a 2010-D Jefferson in PCGS MS 68 FS for $4,995 (eBay item 160471079922). The idea is a coin in that grade is exceedingly rare. Registry set participants are willing to pay huge amounts of money to own the finest known.

The problem is that grade is not exceedingly rare for the satin finish coins that are sold by the US Mint in Mint sets.

So is this a valuable business strike or a common mint set satin finish coin?

PCGS and NGC have been known to make errors when labeling coins, they call them mechanical errors. They have processes in place for correcting these errors. I haven't seen the coins in person. The photo suggests to me that the coin could be a satin finish.

If this coin is a business strike is it worth $4,995? It might be worth that much if this is the only coin graded this high and it remains the only coin graded this high for several years. Many people who pay up for the first examples of a brand new year in highest grade surely know what I'm talking about. Supply and demand. When a coin sells for a lot of money other dealers want to find one themselves. They will then look for one and are likely to find more. They will continue looking until the supply is satisfied or it is determined the coin is truly rare.

So there is only one way a buyer at these prices could make out and that is if no other coins are found in this grade. However the seller states (on the PCGS forums): "Than the 75 or so 2010 D 5c Business Strike coins we graded across the street got it wrong too?? Don't think so"

True he doesn't actually say those 75 coins are also high grade. Anyway I would never buy a coin the same year it was minted for so much money that it would hurt if the coin value went to zero. To me losing $5 grand would hurt.

[silver]

Satin finish are (nifc) not intended for circulation,There will be more of them to grade in that grade to come Alot of collectors dont know there is a difference between business strike and satin finish but the finish is verry different and some dont even know that satin finish started in 2005 i think the buyer purchased on impulse and didnt do his research With all of the new ultra modern coins now a days it can get complicating but if this is a business strike nickel it could have some merit

[Bubblehead]

 

Well...Jeez..  The seller of the coin, the subject of that particular post,
claims that NGC graded 75+ examples too.

Therefore, both grading services must be in agreement over the issue of business strike,
versus satin finish strikes. As Carl has said tho, both services have, and continue to make
mistakes.  They offer a means to resolve mistakes their graders may make.

However, I would never, in a whole buncha years, fork over $5,000.00 for a newly minted
nickel.. We should be aware tho, the seller of the coin does offer a "or best offer" option for
his coin. That's cool.

I would be embarrassed to make my "Best Offer" of $19.99; even that seems excessive.

So, apparently the seller of this nickel submitted a number (75+?) of the Denver strike to
NGC for grading.. I dunno why anyone would do that?  The seller is asking identical prices for
either service, too.  Wow... As I said above, I would never pay that much for the coin, and
certainly never for an NGC coin of a similar grade and price! 
   
Nothing wrong with NGC...Their slabbing system also provides for excellent coin protection...
You must just keep in mind that their graders often overgrade coins, and as a result their
certifications often garner less money than similar PCGS certifications, when offered
for sale.

From the photos provided, I am unable to determine,with 100% accuracy, which finish the
coin has. I have to say tho, it does, very much, resemble the satin finish nickels that I have
sorted thru, since 2005.

I did not add much to the thread, did I? 

[silver]

I think coin sellers are profiteering on elusive ultra modern coinage In a few years the buyers will find out that,That grade isnt rare And we will lose collectors in this hobby