@logger7 said:
He spent $860 on the coin, plus express grading at PCGS, plus shipping. So not sure he is that far ahead based on recent auction figures.
MS64s fetch around $1500-$1600 a piece. I would love to make $500-$600 off of every coin I purchased for under $1000.
All the recent PCGS MS64 auction results are PCGS/cac and sold around $1500, non-cac considerably less. Plus you have the 15% plus auction fees if you are able to successfully sell at those levels. As usual the PCGS (and NGC) price guide figures are crazy high and seldom occur.
Buy the coin not the holder...but IMHO the buyer deserves the gain because he took a real gamble on poor Ebay photos and not seeing the coin in hand...and while I guessed 64...it could easily have gone 63 because of all the hits on Liberty's face...
Coin owner's post: "I love finding these little gems in off holders. This one was well worth the risk, the photos were not so good but once I got it in hand, there was no doubt she was a beauty. She did grade out as a MS64 but I am thinking of sending back in for reconsideration. You look at the MS64'S and they look like crap. Then you compare it to the 4 others 2 being a MS65 and 2 at MS66 I mean it is nice knowing you have 1 of 30 that graded this high and only 4 better but you always want that top spot. Tell your friend sorry I swept in to snag her, as you can see she is sweet."
I’m confused. Why in the world would a seller list this coin with such poor quality pictures? If the seller had halfway decent pictures and offered returns he would have gotten a lot more money. Talk about lighting money on fire.
@logger7 said:
Coin owner's post: "I love finding these little gems in off holders. This one was well worth the risk, the photos were not so good but once I got it in hand, there was no doubt she was a beauty. She did grade out as a MS64 but I am thinking of sending back in for reconsideration. You look at the MS64'S and they look like crap. Then you compare it to the 4 others 2 being a MS65 and 2 at MS66 I mean it is nice knowing you have 1 of 30 that graded this high and only 4 better but you always want that top spot. Tell your friend sorry I swept in to snag her, as you can see she is sweet."
If it was a cross and not a crack-out he'd be better off with a regrade than a reconsideration. Then PCGS would grade it raw for the first time, without the limitations of a slab (which happens when PCGS plays-it-safe on crosses and reconsiderations).
Furthermore, there is no premium fee with a regrade (vs a reconsideration).
IMO, neither would be worth it. I don't see it grading higher than 64.
Lance.
@skier07 said:
I’m confused. Why in the world would a seller list this coin with such poor quality pictures? If the seller had halfway decent pictures and offered returns he would have gotten a lot more money. Talk about lighting money on fire.
@skier07 said:
I’m confused. Why in the world would a seller list this coin with such poor quality pictures? If the seller had halfway decent pictures and offered returns he would have gotten a lot more money. Talk about lighting money on fire.
Not everyone has the ability to take amazing pictures. His pictures really aren't half bad compared to some I've seen on ebay. Also, he has a 14 day return policy.
@skier07 said:
I’m confused. Why in the world would a seller list this coin with such poor quality pictures? If the seller had halfway decent pictures and offered returns he would have gotten a lot more money. Talk about lighting money on fire.
Possibly because of the cheek?
Certainly. It was listed as an ICG 65... most of us on here (at least the ones I recognize as actual graders or those collecting a lot of half eagles) graded it 63 or 63+ at best... although it got a 64, I wouldn't have paid 64 money for it given accurate clear imaging.
The way that Centsles would have played this would probably to get his buddies to put in a couple strong bids waiting for potential buyers who like to look up the prices on the price guides and think that paying $1600 or so would be a bargain for an ICG MS65. The seller here left money on the table.
I never realized that ICG grading standards were so different from those of PCGS. I have a small number of ICG slabbed classic US gold coins and the assigned grades were spot on.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@PerryHall said:
I never realized that ICG grading standards were so different from those of PCGS. I have a small number of ICG slabbed classic US gold coins and the assigned grades were spot on.
There are all kinds of reasons we can find under graded and over graded coins in every major TPGS holder. For example, not every coin is seen by the exact same graders at a given service. Still, most of the time, when I hold a coin in an NGC or PCGS slab, it is graded just fine.
@PerryHall said:
I never realized that ICG grading standards were so different from those of PCGS. I have a small number of ICG slabbed classic US gold coins and the assigned grades were spot on.
Like every other grading service, ICG has gone through loose and tight periods. I have had many that were spot on or within 1/2 point too.
Comments
I will sayMS62 if this is indeed the OP'scoin. Thanks for the better pics, logger7
Unless it makes 64 he lost money
All the recent PCGS MS64 auction results are PCGS/cac and sold around $1500, non-cac considerably less. Plus you have the 15% plus auction fees if you are able to successfully sell at those levels. As usual the PCGS (and NGC) price guide figures are crazy high and seldom occur.
Buy the coin not the holder...but IMHO the buyer deserves the gain because he took a real gamble on poor Ebay photos and not seeing the coin in hand...and while I guessed 64...it could easily have gone 63 because of all the hits on Liberty's face...
Coin owner's post: "I love finding these little gems in off holders. This one was well worth the risk, the photos were not so good but once I got it in hand, there was no doubt she was a beauty. She did grade out as a MS64 but I am thinking of sending back in for reconsideration. You look at the MS64'S and they look like crap. Then you compare it to the 4 others 2 being a MS65 and 2 at MS66 I mean it is nice knowing you have 1 of 30 that graded this high and only 4 better but you always want that top spot. Tell your friend sorry I swept in to snag her, as you can see she is sweet."
That’s a lot of money to bet that coin will make at least 64.
I’m confused. Why in the world would a seller list this coin with such poor quality pictures? If the seller had halfway decent pictures and offered returns he would have gotten a lot more money. Talk about lighting money on fire.
If it was a cross and not a crack-out he'd be better off with a regrade than a reconsideration. Then PCGS would grade it raw for the first time, without the limitations of a slab (which happens when PCGS plays-it-safe on crosses and reconsiderations).
Furthermore, there is no premium fee with a regrade (vs a reconsideration).
IMO, neither would be worth it. I don't see it grading higher than 64.
Lance.
Possibly because of the cheek?
Not everyone has the ability to take amazing pictures. His pictures really aren't half bad compared to some I've seen on ebay. Also, he has a 14 day return policy.
Certainly. It was listed as an ICG 65... most of us on here (at least the ones I recognize as actual graders or those collecting a lot of half eagles) graded it 63 or 63+ at best... although it got a 64, I wouldn't have paid 64 money for it given accurate clear imaging.
The way that Centsles would have played this would probably to get his buddies to put in a couple strong bids waiting for potential buyers who like to look up the prices on the price guides and think that paying $1600 or so would be a bargain for an ICG MS65. The seller here left money on the table.
I never realized that ICG grading standards were so different from those of PCGS. I have a small number of ICG slabbed classic US gold coins and the assigned grades were spot on.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
There are all kinds of reasons we can find under graded and over graded coins in every major TPGS holder. For example, not every coin is seen by the exact same graders at a given service. Still, most of the time, when I hold a coin in an NGC or PCGS slab, it is graded just fine.
Like every other grading service, ICG has gone through loose and tight periods. I have had many that were spot on or within 1/2 point too.