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IHC: Strange numbers from the PCGS price list...


bobh
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Here is the link to the PCGS price list for Indian Head cents (IHC):

http://www.pcgs.com/prices/PriceGuideDetail.aspx?c=44

 

Please look for the entries for 1865, "plain 5" and "fancy 5". I am copying them here for your convenience:

 

Grade:				 4	12	40	55	60	63	64	 65	  66	67
----------------------------------------------------------------------------------
1865 Fancy 5   BN	  7	18	37	55	90   150   180	250	 450	 -
1865 Fancy 5   RB	  -	 -	 -	 -   100   200   285	460   2,000	 -
1865 Fancy 5   RD	  -	 -	 -	 -   115   350   550  2,300  20,000	 -

1865 Plain 5   BN	 10	20	40	65	90   150   200	275	 350	 -
1865 Plain 5   RB	  -	 -	 -	 -   110   210   525	925	 850	 -
1865 Plain 5   RD	  -	 -	 -	 -   135   325   500  5,500   7,500	 -

 

Prices are fairly similar except at the highest grades, where all of a sudden there is a big discrepancy at MS-66! In particular, MS-65 prices are better for "plain 5", but why are prices in MS-66 exactly opposite ... and $20,000??? :ninja:

 

Is this perhaps just a typo? Seems unlikely, considering that there is a price history for this grade...

 

Thanks! ;)

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I think its because of a strange math thing. Here is how my brain thinks of it.

 

1865 mintage: aprox: 35.7 mill.

1865 est. number of varites minted: 2.3 mill.

1865 varites in good 230,000

1865 varites in MS-67 23,000

1865 varites est. to survive 5,750

1865 fancy five 1437

1865 plain five 4312

 

This is just a guess, but it is how I think of it (my thinking may be completly wrong).

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