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Dumb money or under graded?

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  • jedmjedm Posts: 3,162 ✭✭✭✭✭

    It wouldn't surprise me to see that one in a 67 graded slab. What's up with the label? Seems like it is a misprint and it's labeled as a 1924 S.

  • jedmjedm Posts: 3,162 ✭✭✭✭✭

    On the label 1924 S$1

  • jedmjedm Posts: 3,162 ✭✭✭✭✭

    Aha!! Really? I didn't know that and I have no NGC Peace dollars to compare with, thanks.

  • BillJonesBillJones Posts: 34,758 ✭✭✭✭✭

    I can't see that coin making MS-67, and it would have to that in a PCGS holder to justify that price.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Wow... someone is counting on an upgrade....Cheers, RickO

  • MFeldMFeld Posts: 14,781 ✭✭✭✭✭

    @BillJones said:
    I can't see that coin making MS-67, and it would have to that in a PCGS holder to justify that price.

    If the coin were to grade 67 at NGC, the buyer should be able to make a nice profit. The lowest sales price I could find at auction during the past two years was $2,280 and some sold for considerably more.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • BAJJERFANBAJJERFAN Posts: 31,255 ✭✭✭✭✭

    @jedm said:
    Aha!! Really? I didn't know that and I have no NGC Peace dollars to compare with, thanks.

    PCGS does the same when there is a distinction between a silver dollar designated S$1 and a gold dollar designated G$1

    theknowitalltroll;
  • 291fifth291fifth Posts: 24,670 ✭✭✭✭✭

    Gambling on opinions is a bad idea.

    All glory is fleeting.
  • coinbufcoinbuf Posts: 11,802 ✭✭✭✭✭

    I think it could easily get a plus for the blazing luster and a full point upgrade is possible if someone removes what looks like dip residue, to me anyway.

    My Lincoln Registry
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  • oih82w8oih82w8 Posts: 12,548 ✭✭✭✭✭
    edited July 8, 2019 9:27AM

    @BAJJERFAN said:

    @jedm said:
    Aha!! Really? I didn't know that and I have no NGC Peace dollars to compare with, thanks.

    PCGS does the same when there is a distinction between a silver dollar designated S$1 and a gold dollar designated G$1

    ...and Trade Dollar T$1...and Sacagawea SAC$1...

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
  • MonsterCoinzMonsterCoinz Posts: 1,518 ✭✭✭✭✭
    edited July 8, 2019 9:29AM

    Don't want to hijack your thread but this one surprised me the most last night.

    https://greatcollections.com/Coin/723303/1938-D-Buffalo-Nickel-PCGS-MS-66-CAC-OGH-1st-Gen

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  • oih82w8oih82w8 Posts: 12,548 ✭✭✭✭✭

    @mach1ne said:
    Don't want to hijack your thread but this one surprised me the most last night.

    https://greatcollections.com/Coin/723303/1938-D-Buffalo-Nickel-PCGS-MS-66-CAC-OGH-1st-Gen

    Gotta be the label insert/holder...1st Generation?

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
  • BryceMBryceM Posts: 11,851 ✭✭✭✭✭
    edited July 8, 2019 10:00AM

    Back to the Peace dollar, the 1924 is sometimes seen with this granular, frosty look. I assume that coins like this come from a very late die state which accounts for the deep flowlines, soft detail, and insanely deep luster with a bit of frostiness. I REALLY like this look, but many others do not. Most graders probably favor a sharply struck coin with traditional flashy luster.

    As for upgrade potential, I think it would stand a better chance sans the dip residue as others have said. That stuff hurts eye appeal and really limits the number of people who would consider it for a high-grade set. I think an MS66+ grade is far more likely. Getting the magical 67 is quite a feat, especially in PCGS plastic. That's a $5,000-$7,000 coin.

    Here's one of my former coins. I bought this in a PCGS 66+ CAC holder (and paid strong money for it). It upgraded to 67, but did not sticker. The overall look is similar. This is about as close as I've come to a coin I regret selling:

    image

  • MFeldMFeld Posts: 14,781 ✭✭✭✭✭

    @FSF said:

    @MFeld said:

    @oih82w8 said:
    Gotta be the label insert/holder...1st Generation?

    Let's not forget the universally loved CAC sticker on there.

    It's highly unlikely that the price realized had anything at all to do with the sticker.

    Not that it was obvious but I was being sarcastic. I thought the "universally" part would give it away.

    I suspected sarcasm, but have seen some people say the same about similar coins in a serious fashion.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • TreesaurusTreesaurus Posts: 17 ✭

    Here is another example:

    https://www.greatcollections.com/Coin/724743/1925-Peace-Silver-Dollar-PCGS-MS-66-CAC-OGH

    At that price you would basically be saying that it is a near 100% to upgrade to a 67.

  • BillJonesBillJones Posts: 34,758 ✭✭✭✭✭

    @mach1ne said:
    Don't want to hijack your thread but this one surprised me the most last night.

    https://greatcollections.com/Coin/723303/1938-D-Buffalo-Nickel-PCGS-MS-66-CAC-OGH-1st-Gen

    Somehow I don't think that 1938-D Buffalo Nickel is worth over $750 more than this example, also graded MS-66. The buyer bought a vintage holder and a sticker.


    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • BryceMBryceM Posts: 11,851 ✭✭✭✭✭
    edited July 8, 2019 12:25PM

    Here's a series were the NGC / PCGS divide seems to be quite large:

    The last 10 PCGS MS67 Peace dollars (5 with CAC) from Heritage:
    $5280
    $5520
    $7800
    $7811
    $3120
    $4560
    $4560
    $2400
    $6900
    $9600

    Average $5755

    The last 10 NGC MS67 Peace dollars (0 CAC) from Heritage:

    $2280
    $1560
    $1800
    $3840
    $2160
    $2880
    $2040
    $2040
    $1680
    $2640

    Average $2292

    Getting coins into 67 PCGS holders has always been tough. Getting nice 66 PCGS coins into NGC 67 holders used to be a profitable game. I've been out of that for a while, but it doesn't seem so attractive anymore.

    Including all type 2 coins (1922-1935), the PCGS Pop report shows 7,947 coins at MS66 and only 299 at MS67. There are also 849 at MS66+ (almost all Philly issues from 1922-25) and 6 at MS67+. There are still only 2 coins at MS68.

    There are 27 MS66 Peace dollars out there for every MS67. It's a tough upgrade and even then I usually like only about 1/3 of what I see in 67 holders.

  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭

    MS67+ 1938-D nickels are routinely selling for $500-$600 in PCGS plastic. Someone is hoping for a 68. There is no way I would make a gamble like that based on the photo. I'm sure the bidders probably viewed this one and the Peace Dollar in hand.

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