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1958 Franklin MS67+ FBL Sold for $129,250.
Elemint
Posts: 479 ✭✭✭✭
Described as "The BEST and wildest 1958 Frankie in existence.". Who says?
1
Elemint
Posts: 479 ✭✭✭✭
Elemint
Posts: 479 ✭✭✭✭
Elemint
Posts: 479 ✭✭✭✭
Comments
Wow, amazingly crazy price !!!
But did it sticker?
Well that Frankie has an electrifying glow.
yes, it did bean.
here is the scary part: there was a second coin, a 1956 I believe. BOTH were offered to a collector. He thought the 56 as better. The 56 is now in our Jan sale. Its a 66+. Should be interesting.
An absurd amount for a common date coin.
I’m having Deja vu. Is the 1956 the same one I posted in that other thread? I’m really wishing I had bought that off eBay. It will probably sell for 5 figures.
I see it now resides in the #2 registry set
For a while there were no 67s as I recall.
Amazing, if I were to show this to my non-collector friends, they would not believe it....Heck, I will show it to my wife, and I can predict her response "Why would anyone pay that much money for fifty cents??".... I know she will say that, since she has said similar about other high priced modern coins...actually, any high priced coin.
She does not relate to coin collecting. Cheers, RickO
I said the same thing. It’s a half dollar. I thought the headline said $129.00 at first glance. Still a bit too much for $.50.
"I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
Looks like a saturation +20 coin to me.
I’m guessing it’s this one?
They would go nicely with a pink Cadillac from the same era.
This will bring out the coin doctors..... BIG profits to be made.....
Cheers, RickO
Yep, that’s the one. It was in a 66 holder when I saw it on eBay.
It sold on GC for $2k before being on eBay for $5k. Imagine what the original seller is thinking now?
You all need to clean your glasses. Not the same coin. Not even close.
No one is saying that the 1956 is the same coin as the 1958. The 1956 is the next coin on the auction block and it’s the same one that sold on GC and was listed on eBay earlier this year.
I wonder what @LucyBop would have to say.
The 58P is better imo. The 1956 was recently upgraded from a 66 holder. I know the 56p. It's a nice coin. But I think the 58p pops more.
Yep, that's the one. My guess is it will sell for low 5-figures. Legend will do everything to talk the 56P up. But I think another 6-figure Franklin Half Dollar is bad for the market. Especially considering the 58P was upgraded from a 66 to 67+... The 56P is a really nice coin, I just think the 58P is brighter and is more flashy.
I don't mind paying high four figures for the 56P. But I would never pay 6 figures for it.
that must be nice to have but not at that price. I like the idea of a good rarity better
Very nice coin, but it's not a rare coin. For that kind of money, I'd want rarity as well.
LOL, I didn't even notice the date is even different!!
That sold for $2K on GC?? Man, I am sorry I missed that.
Same here!
It was in 2015 before I noticed a general spike in prices realized on GC.
https://www.greatcollections.com/Coin/276479/1956-Franklin-Half-Dollar-PCGS-MS-66-FL-Toned
Let's see, a nice 1796-1797 50c in EF-AU or a coin as old as some of my ties? I think I'd go with a coin that's actually rare. Just sayin'.
Successful marketing.
That result is just nuts!!!........I wouldn't have gone over $128,000.
I'd rather have this one from the CRO archives:
coinraritiesonline.com/index.php?page=archive&task=det_item&item_id=96419
For that money, I'd rather have NINE!!! of these................
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
I’d like to see those two half dollars side by side. The obverse colors are interesting to say the least.
In trying to return to the OP's question of "Who says?" . . . I have some real desires to see how the Forum would respond to that exact question. (I do have a dog in the fight.) And of course, the price paid has no real relevance to whether or not it is the "best and wildest".
Who DOES perform the anointing of the 'best' in a series? Is it possible? What criteria do you use? No . . . I don't have the answer, but I am trying to answer the OP . . . . thinking that MAY have been the way he intended the thread to go. Perhaps when it is $129k . . . . that is enough to deem this piece the 'best and wildest'.
Then of course . . . how might this information (or lack thereof) transfer to other series of coins? Will there be a (further) spike in the high-end market for toners and/or specialty pieces? Yup . .a dog in the fight. If a Frankie can hit this type of price . . . I am wondering how that might affect the Morgan market?
Particularly the toners . . . and more particularly, if my "Who says?" is the previous owner of 'The Moose', and that previous owner says there may be a Morgan out there that he feels is double the impact of the Moose . . . . . . I would then refer to the OP . . . . .does that owner's opinion matter? Probably not. The market is as the market does.
But I am really excited to see the outcome of that Frankie . . . . . .
Drunner
Nice Frankie, but 100K too much!
"Keep your malarkey filter in good operating order" -Walter Breen
Wow....just WOW!
I guess the sky's the limit on some coins.
“I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~
My Full Walker Registry Set (1916-1947)
https://www.ngccoin.com/registry/competitive-sets/16292/
Another work by the same Artist.
Liberty: Parent of Science & Industry
Must be nice to be a coin collector whereby money is no object.
I agree except I think $5k (the eBay price) was strong money for it. My personal valuation (which will probably be way off) is $2500-$3500.
Of course, I'm sure the crack out artists will have a field day with this one.
Is that how much you would pay for it, how much you think it will sell for or at what level it could trade hands a couple of times (the last one being some objective measure of “worth”).
This doesn’t yet have the registry bump of being a 67+ FBL (yet) but the color seems to be on par with the other one. I think this will sell in the $15K range.
Somebody lost a great deal of money.
Not just permanently underwater, but at the bottom of the Marianas Trench.
What I would pay max if I still collected toners and wanted it for my set...It is also what I think it would fetch on eBay or similar auction site. $15k is a lot of money for a 66+ unless it upgrades a point. Outside of the registry grade coins, my perception is that the overall Franklin mint state market has taken a hit due to grade inflation. I don't think this coin will be immune despite the rainbow toning. Maybe @georgiacop50 can offer a perspective on the larger Franklin market from someone that trades these frequently.
If it does sell for five figures, I think it will likely be a couple of crack out artists hoping to upgrade this to a 67 or 67+.
I have learned from watching this happen, if you buy coins like that, and HOLD (really hold like 10-15 years), usually you DO make good money. Don't laugh, it happens all the time. The coins people snicker at the most are the ones that do the best.
This Frankie is now established at a world record price. Should it be held for 15 years, who knows , $250,000.00?
I know the market for toners better then any one-especially Morgans, you all saw what Northern Lights did-with a multiple bidders on every lot. Don't laugh at the 80S MS68+ for $60G can be sold today for a profit. BUT its only these special coins that have such demand.
An MS Franklin Half Dollar selling for a quarter million dollars? That might just be your craziest statement yet.
The Northern Lights had a couple decent Morgans, but the entire collection couldn't even compete with @AuroraBorealis . Holding mega monsters for a long period of time does increase the value, yes. But we can't really know what mega monsters are truly worth unless it's in an auction setting.
okay then, we all know Aurora pays insane money to buy his coins. In the end he WILL have the last laugh.
Only if grade inflation and straight graded AT don't scare off collectors by that point. I hope that never happens though - Wayne's collection is amazing.
Sticker notwithstanding, is it just me or does the reverse of the $130k 1958 half look off color wise (blue, violet, and then red to yellow at the periphery)?
That one had help getting its colors. $130 K for a coin that over 4M were made? I don't think so.
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
Sorry, but based on all the above information (pictures and past grading history) IMHO, that coin is BEST at a 65+.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)