Some interesting auction results...

U1chicago

Anyone see these on Great Collections yesterday?

Any thoughts on the prices?

And congrats to GC and the consignors!

-1962 PCGS PR 67 Franklin Gold CAC: $1,040.62

https://www.greatcollections.com/Coin/727857/1962-Franklin-Half-Dollar-PCGS-Proof-67-CAC-Gold-Label-OGH-2nd-Gen

-1885-O PCGS MS 62 Morgan Green CAC: $590.62

https://www.greatcollections.com/Coin/743987/1885-O-Morgan-Silver-Dollar-PCGS-MS-62-CAC-Toned

-1884-O NGC MS 61 Star Morgan:
$652.50

https://www.greatcollections.com/Coin/743988/1884-O-Morgan-Silver-Dollar-NGC-MS-61-226-152-133-Toned

Moxie15

Well, I hope the buyer is happy. To my eye they just spent 10 times what that 1884-O is worth.

ChrisH821

huh. Guess someone sees that Frankie as a 68+DCAM.
I wish the 81-s that I consigned gained the sort of traction as that 85-O.

U1chicago

@ChrisH821 said:
huh. Guess someone sees that Frankie as a 68+DCAM.
I wish the 81-s that I consigned gained the sort of traction as that 85-O.

That’s what I thought about the Franklin. Someone certainly went all-in hoping for the upgrade if that is the case.

As for your Morgan, it looks dark, but so does the 85-O. And your example was a toned 66 that didn’t clear $200, which is a bit surprising based on what I’ve seen lately on GC.

U1chicago

@Moxie15 said:
Well, I hope the buyer is happy. To my eye they just spent 10 times what that 1884-O is worth.

I actually liked the 84-O and would have paid more than 1/10 of the final price, but certainly no where near $600.

Moxie15

@U1chicago said:

@Moxie15 said:
Well, I hope the buyer is happy. To my eye they just spent 10 times what that 1884-O is worth.

I actually liked the 84-O and would have paid more than 1/10 of the final price, but certainly no where near $600.

I am not a big fan of toning in general and do not find this appealing at all, therefor, to my eye, it is a $50 to $65 MS 61.
I know I am outside of the 'NORM'

david3142

@Moxie15 said:

@U1chicago said:

@Moxie15 said:
Well, I hope the buyer is happy. To my eye they just spent 10 times what that 1884-O is worth.

I actually liked the 84-O and would have paid more than 1/10 of the final price, but certainly no where near $600.

I am not a big fan of toning in general and do not find this appealing at all, therefor, to my eye, it is a $50 to $65 MS 61.
I know I am outside of the 'NORM'

Liking the coin and understanding its value are two different things. I am quite surprised by both toned results as well but $60 would be too low. It makes sense that people who don’t like toning have trouble assessing the quality (and therefore value) of different kinds of it, though.

U1chicago

@david3142 said:

@Moxie15 said:

@U1chicago said:

@Moxie15 said:
Well, I hope the buyer is happy. To my eye they just spent 10 times what that 1884-O is worth.

I actually liked the 84-O and would have paid more than 1/10 of the final price, but certainly no where near $600.

I am not a big fan of toning in general and do not find this appealing at all, therefor, to my eye, it is a $50 to $65 MS 61.
I know I am outside of the 'NORM'

Liking the coin and understanding its value are two different things. I am quite surprised by both toned results as well but $60 would be too low. It makes sense that people who don’t like toning have trouble assessing the quality (and therefore value) of different kinds of it, though.

That’s definitely true. I certainly don’t like all coins, but I can understand why many items sell for the prices they do by studying past auctions, market sentiment, guides (to a certain degree), etc.

These three results have me a bit baffled though. I like and collect toners (and used to have a cameo Franklin set a few years backs). I’m wondering if anyone on here sees what the bidders saw? And I’m not chiding the bidders, I’m just interested in the thought process.