Best Of

Sure looks like RPM-005 to me thanks for the better photos. MM placement is correct.
http://varietyvista.com/02a LC RPMs Vol 1/1958DRPM005.htm

Count me in as a coin collector/Cat lover.

Mark Twain said “If man could be crossed with the cat,” he once wrote, “it would improve man, but it would deteriorate the cat."

I am still being skunked.
Wayne

Looks like a “Dan” coin!

There is nothing about this that I like. I'm bummed that the Mint is getting into this.

Obviously, they made a lot of $ on these. Nice & easy $ for Stacks as well. Of course, the Govt wastes more than this in a second.

If they keep doing this I'd think the prices will drop as more coins will have mintages in this range.

I like the V75 Au more than these - that's just me.

I do love this coin though & am glad I purchased one - which will stay in the OGP.

It will be interesting to see how the values hold on these.

I'm sure Burfle knows it's a fake. I just checked all my CC reverse images and don't see the notch on any, but I ran across a photo of a fake I saved from eBay some years ago and there it is! Sounds like a useful die marker.

@ProofCollection said:

@NJCoin said:
"Probably not sell at a loss" is undoubtedly true today, but not necessarily in the future if one's financial circumstances change, people inherit them, etc. Anything at all is always only worth what someone is willing to pay at a given point in time. Yesterday, these were worth $24-40K. Tomorrow's number is really anyone's guess. Glut or no glut.

The point of my statement was that the class of people who can buy $50k coins typically have other means of raising capital when desperately needed that will keep them from accepting very low ball offers and one occurrence of this scenario does not mean the the other 229 coins have lost any value.

Very true. But people fall into and out of various economic classes all the time. People's priorities change. People pass away. Items get stolen.

And yes, it is absolutely isolated data points that establish value for an entire population of similar items. During the housing crisis, that was the logic used by my town's tax assessor in refusing to use foreclosures and short sales to establish value in property tax appeals.

Each sale was its own isolated special case. At least according to the assessor, who did not want to acknowledge reality and give homeowners tax relief.

It took two years to establish that this was, in fact, the new, lower, real estate market. One "special" sale at a time, since the market was locked and "normal" transactions were not taking place. Every property does not need to be sold to establish its market value.

If and when one of these goes down in value, the odds are close to 100% that 227 others will follow. Coin #1 and coin #230 are in their own markets, likely to track the others, but not as closely tied as #114 will be to #152.

Using your logic, these have nowhere to go but up. Forever.

History tells us that is very rare in any asset class, let alone modern, artificially rare coins. As @jmlanzaf astutely points out, since this was highly successful for the Mint, it is extremely unlikely that they will be able to control themselves and stop before they saturate the market. Which will not do anything for the long term value of any of them.

The coin is fake. Note the reverse is missing denticals from 9-12. Denticals are hubbed first, as they generally have the highest relief on the coin (they're deepest in the die). Extreme fuzziness or lack of the denticals is a strong indicator of a fake.