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Two 1796 Dimes PCGS MS67 & MS68 Photos-which do you like?
SethChandler
Posts: 1,719 ✭✭✭✭
Ok, help me understand something, these coins are wayyy outta my league, but I love them both. What puzzles me is the price difference. But If I won the lottery, I'm a buyer of one, so I gotta pick. But for now, its for my coin fantasy league team.
What puzzles me is the price difference:
1796 Dime PCGS MS67 CAC $881k
1796 Dime PCGS MS68 CAC $793k
The 68, the finer of the two, sold for 10% less, and they both sold just recently within 2 months of each other. Why? Seems like the 68 is better according to PCGS and CAC. Ron Howard, the Yoda of grading for PCGS, says its is favorite Federal Coin, ever. Yes, ever. Yet it sold for less. Any idea why?
I have attached the PCGS CoinFacts Photos, and Heritage photos.
Which coin do you like?
On a side note, the quality of the PCGS photos is mind blowing, really, Great Job.
The MS67 is first, the MS68 is second.
What puzzles me is the price difference:
1796 Dime PCGS MS67 CAC $881k
1796 Dime PCGS MS68 CAC $793k
The 68, the finer of the two, sold for 10% less, and they both sold just recently within 2 months of each other. Why? Seems like the 68 is better according to PCGS and CAC. Ron Howard, the Yoda of grading for PCGS, says its is favorite Federal Coin, ever. Yes, ever. Yet it sold for less. Any idea why?
I have attached the PCGS CoinFacts Photos, and Heritage photos.
Which coin do you like?
On a side note, the quality of the PCGS photos is mind blowing, really, Great Job.
The MS67 is first, the MS68 is second.
Collecting since 1976.
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Comments
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
K
My 1866 Philly Mint Set
We'll use our hands and hearts and if we must we'll use our heads.
cheers,
'dude
Which one sold first? If 2 big fish want the same thing the price is higher. After the losing fish missed it they (or the other potential buyers) were not inclined to purchase the other one at that high or higher of a price.
Too many positive BST transactions with too many members to list.
Assigned grade really is just a starting point in assessment of a coin, and these two coins point this out very dramatically.
http://macrocoins.com
It just has more character and I actually prefer the slightly lighter toning.
<< <i>I think the 67 has more eye appeal which is why it might have brought more $$$. The die cracks and the slight splotch of toning take away a little from the 68.
Which one sold first? If 2 big fish want the same thing the price is higher. After the losing fish missed it they (or the other potential buyers) were not inclined to purchase the other one at that high or higher of a price. >>
My exact sentiments but I can't see someone getting cold feet (thinking it's going to break them bidding any higher) when they're buying a coin for close to a million. They had to or someone made that decision for them that the 68 wasn't as nice as the 67 so the 68 should be valued for less. Yeah, I think the underbidder on the 68 is kicking himself for listening to such logic. Unless another superb example is known and coming up for auction soon.
So the 67 now stands a chance going 68 and how much more will it be worth? 1.2 million?
I don't believe money was the issue. Something else is playing into the equation but what? hmmm
Sometimes when one bidder is known to be a dealer, the other might reason that since he's the only buyer, why up the price?
These are all the generalizations I have and adding my poor 2 cents for rich folks, arrogant rich folks can't do.
Nice coins, by the way!
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>I'll go with the MS-67. I prefer early die states when I can get them. I also prefer the eye appeal of the less grade piece. >>
I will go along with Bill, he knows his stuff !!
I like the 67 more regardless.
~~~~~~~~~~~~
Coin collecting is not a hobby, it's an obsession !
New Barber Purchases
The other coin was a "regular" ms68 and set its own record for what it brought
...... leastwise that's my take on a market that I don't play in or claim to understand.
BTW, I prefer the MS68 as the die cracks and such give it so much character. If I was ever to be a serious buyer, the only way to know would be to view them in-hand. Photos can be so different than the in-hand look.
http://macrocoins.com
I would agree with the general consensus here and say the eye appeal is most likely what drove the price.
Other factors could be:
1. Die Marriage maybe the 67 is the highest graded of that marriage ???
2. Die Marriage maybe the 67 is a rare die marriage ???
3. Removing one of the players, if the 67 sold first its possible the new owner no longer needs to fill that hole ???
4. Marketing maybe there was more effort to publicize the 67 ???
5. competition from other auction lots, maybe there were other high end coins that held the 68 back ???
Coin Club Benefit auctions ..... View the Lots
Although the 67 has probably been cleaned, the 68 *looks* like it's been cleaned. I do not like that look (the 68) on such an old coin. It's just unnatural.
Plus I don't like the die cracks on the 68. Sure they add some character, but at that grade level and for that kind of money I just think they are distracting because they are in a prime focal area.
This is a great example of how grade doesn't always equal value.
It looks nicer to my eyes.
That said, if I won the lottery, I'd buy both.
Mike
Great transactions with oih82w8, JasonGaming, Moose1913.
The James A. Stack JR-4 (and finest known of variety)
PCGS MS66 CAC, formerly NGC MS67*
These are not the best images, but it's a fantastic coin with some prooflike qualities as well.
The coin is nicely centered with borders - these images just aren't cropped properly ...
Sunnywood's Rainbow-Toned Morgans (Retired)
Sunnywood's Barber Quarters (Retired)
<< <i>Door number 1……….the 67
MJ >>
Yes......my thoughts too....lovely coin!
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CoinsAreFun Toned Silver Eagle Proof Album
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Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
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More CoinsAreFun Pictorials NGC
"Seu cabra da peste,
"Sou Mangueira......."
Take them out of the holders back to the raw days and the MS67 probably wins out. Big time sets these days are more into eye appeal and matching the other coins in their sets...than just the numerical grade.
The James Stack MS66 is pretty darn nice too.
The eye appeal is over the top for me.
<< <i>I love the Hayes MS67, but since I can't have that, I'll take "door number three" !!!
The James A. Stack JR-4 (and finest known of variety)
PCGS MS66 CAC, formerly NGC MS67*
These are not the best images, but it's a fantastic coin with some prooflike qualities as well.
The coin is nicely centered with borders - these images just aren't cropped properly ...
Now the real question is, which two of the coins are goats and which one is the sports car???
I hear Monty has a love-sickness for Betsy.
But oh, my. Both are incredible.
no brainer
in the 67 crowd here