Jim (OP): Now that this coin has sold (I generally try to avoid commented on threads such as this before a coin is actually sold at auction to not influence the sales price) what are your thoughts on the coin, the price realized, etc?
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
While we wait for the OP to share his thoughts on this particular auction, a couple comments ...
Do threads such as this one actually chill prices on the pop top condition rarity mint state modern coins that are up for auction? Which is why I generally try not to comment on auctions midstream. Or, are prices down nearly 50% across the board anyway on pop top mint state silver Roosies with or without such threads?
Are “plastic buyers” simply paying about 50% of what they had been paying 6 or 7 years ago for the same coins as the registry matures and the vast majority of interested buyers now know they have near 0 chance of getting the top set? Which they didn’t know 7 years ago before a “whale” or two came into almost every series. Presented in the best light, this translates to most collectors now focusing on quality while only a minority still continue to focus on registry points, etc.
Thoughts?
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
@wondercoin said:
While we wait for the OP to share his thoughts on this particular auction, a couple comments ...
Do threads such as this one actually chill prices on the pop top condition rarity mint state modern coins that are up for auction? Which is why I generally try not to comment on auctions midstream.
They may well have a chilling effect, especially if the consensus is that the coin is not a top condition rarity. I can understand not wanting to interfere with an auction, although that also comes with a cost (especially if the critique of the grade is warranted). Do you intervene and hurt the seller but help the buyer, or say nothing and help the seller but hurt the buyer? I'm sympathetic to both parties - I don't want to be the seller buried in the coin, but I also don't want to be the buyer buried in the same coin.
I've stepped in several times to report coins at auction that were not the die variety they were attributed to be. Is that different than reporting a coin that one believes is misgraded? Perhaps, because grading is more subjective than variety attribution, there should be a higher threshold for intervention. Many who posted on this thread felt strongly about it, however. Your thoughts?
Are “plastic buyers” simply paying about 50% of what they had been paying 6 or 7 years ago for the same coins as the registry matures and the vast majority of interested buyers now know they have near 0 chance of getting the top set? Which they didn’t know 7 years ago before a “whale” or two came into almost every series. Presented in the best light, this translates to most collectors now focusing on quality while only a minority still continue to focus on registry points, etc.
Thoughts?
Wondercoin
Technically, this particular dime sold for half of what it did 7 years ago, but it also sold for twice what it did 7 years ago (see my previous post).
@wondercoin said:
While we wait for the OP to share his thoughts on this particular auction, a couple comments ...
Do threads such as this one actually chill prices on the pop top condition rarity mint state modern coins that are up for auction? Which is why I generally try not to comment on auctions midstream. Or, are prices down nearly 50% across the board anyway on pop top mint state silver Roosies with or without such threads?
Are “plastic buyers” simply paying about 50% of what they had been paying 6 or 7 years ago for the same coins as the registry matures and the vast majority of interested buyers now know they have near 0 chance of getting the top set? Which they didn’t know 7 years ago before a “whale” or two came into almost every series. Presented in the best light, this translates to most collectors now focusing on quality while only a minority still continue to focus on registry points, etc.
Thoughts?
Wondercoin
Confidence in buying accurately graded top pop conditional rarities is probably in the toilet and I can understand why after reading this thread and seeing that roosie.
Unless all those dings on the obverse and reverse are figments of everyone's imagination, the coin was graded inaccurately and the market recognized that with the nearly 50% drop in hammer price from the last time it went to auction. I don't have much insight on the high end MS-FB roosie market, but taking a quick peek at PCGS and NumisMedia, a 1956 in 68FB is valued at $10,000 for PCGS and $6,880 with NumisMedia. Looks like the vicious cycle of overgraded coins will continue to drag accurately graded coins value down with them...
@wondercoin said:
Jim (OP): Now that this coin has sold (I generally try to avoid commented on threads such as this before a coin is actually sold at auction to not influence the sales price) what are your thoughts on the coin, the price realized, etc?
Wondercoin
@wondercoin said:
While we wait for the OP to share his thoughts on this particular auction, a couple comments ...
Do threads such as this one actually chill prices on the pop top condition rarity mint state modern coins that are up for auction? Which is why I generally try not to comment on auctions midstream. Or, are prices down nearly 50% across the board anyway on pop top mint state silver Roosies with or without such threads?
Are “plastic buyers” simply paying about 50% of what they had been paying 6 or 7 years ago for the same coins as the registry matures and the vast majority of interested buyers now know they have near 0 chance of getting the top set? Which they didn’t know 7 years ago before a “whale” or two came into almost every series. Presented in the best light, this translates to most collectors now focusing on quality while only a minority still continue to focus on registry points, etc.
Thoughts?
Wondercoin
Mitch,
Not sure why my thoughts on the sell is important to you; I think my prior observations speak for themselves.
The last post on this thread was made on September 14th and was buried back on page 19 of the U S Coin Forum before it was bumped last night. The last post prior to yours was made just over one month before the auction ended.
I learned last night who bought the coin and have been told they never saw this thread.
Therefore, the thread had no influence in the auction, if that is what you are suggesting. I have/had no interest in the coin since I no longer collect in those grades. I get the feeling an insinuation is being made I attempted to influence the sell, I sure hope that is not the case.
The thread was about the grading of the coin, no more, no less.
Regarding sell prices today: I've been selling off my NGC Roosie Set and extra PCGS coins I've owned for 10 - 15 plus years. I'm getting 40% of what I paid years ago for the coins. Did I over pay vs. today yes, back then, no.
It is what it is.
Jim
"If there are no dogs in Heaven, then when I die I want to go where they went." Will Rogers
@wondercoin said:
Jim (OP): Now that this coin has sold (I generally try to avoid commented on threads such as this before a coin is actually sold at auction to not influence the sales price) what are your thoughts on the coin, the price realized, etc?
Wondercoin
@wondercoin said:
While we wait for the OP to share his thoughts on this particular auction, a couple comments ...
Do threads such as this one actually chill prices on the pop top condition rarity mint state modern coins that are up for auction? Which is why I generally try not to comment on auctions midstream. Or, are prices down nearly 50% across the board anyway on pop top mint state silver Roosies with or without such threads?
Are “plastic buyers” simply paying about 50% of what they had been paying 6 or 7 years ago for the same coins as the registry matures and the vast majority of interested buyers now know they have near 0 chance of getting the top set? Which they didn’t know 7 years ago before a “whale” or two came into almost every series. Presented in the best light, this translates to most collectors now focusing on quality while only a minority still continue to focus on registry points, etc.
Thoughts?
Wondercoin
Mitch,
Not sure why my thoughts on the sell is important to you; I think my prior observations speak for themselves.
The last post on this thread was made on September 14th and was buried back on page 19 of the U S Coin Forum before it was bumped last night. The last post prior to yours was made just over one month before the auction ended.
I learned last night who bought the coin and have been told they never saw this thread.
Therefore, the thread had no influence in the auction, if that is what you are suggesting. I have/had no interest in the coin since I no longer collect in those grades. I get the feeling an insinuation is being made I attempted to influence the sell, I sure hope that is not the case.
The thread was about the grading of the coin, no more, no less.
Regarding sell prices today: I've been selling off my NGC Roosie Set and extra PCGS coins I've owned for 10 - 15 plus years. I'm getting 40% of what I paid years ago for the coins. Did I over pay vs. today yes, back then, no.
It is what it is.
Jim
I didn't read any insinuation into Mitch's comments - they seemed very straight forward.
By the way, just because the winning bidder was unaware of this thread doesn't necessarily mean the outcome was unaffected. What about underbidders or potential underbidders who might have seen it? It's impossible to know whether the outcome was influenced.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Jim. I rarely, if ever, comment on auctions while they are underway. Hence, why this thread went to page 19 in the past few weeks. I do not understand your comment about have/had no interest in the coin? If you ever owned it, I truly had no idea. Threads such as this can always be problematic to an ongoing auction (whether the winning bidder read this thread or not). Whether that is good or bad (see IkeT comments) is another story. That said, no insinuation intended against you at all. If you have now decided to say no more about this coin, so be it.
Wondercoin
edited to add... my response written before reading OP’s edited post that actually answered my question. Thank you.
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
@wondercoin said:
Jim (OP): Now that this coin has sold (I generally try to avoid commented on threads such as this before a coin is actually sold at auction to not influence the sales price) what are your thoughts on the coin, the price realized, etc?
Wondercoin
@wondercoin said:
While we wait for the OP to share his thoughts on this particular auction, a couple comments ...
Do threads such as this one actually chill prices on the pop top condition rarity mint state modern coins that are up for auction? Which is why I generally try not to comment on auctions midstream. Or, are prices down nearly 50% across the board anyway on pop top mint state silver Roosies with or without such threads?
Are “plastic buyers” simply paying about 50% of what they had been paying 6 or 7 years ago for the same coins as the registry matures and the vast majority of interested buyers now know they have near 0 chance of getting the top set? Which they didn’t know 7 years ago before a “whale” or two came into almost every series. Presented in the best light, this translates to most collectors now focusing on quality while only a minority still continue to focus on registry points, etc.
Thoughts?
Wondercoin
Mitch,
Not sure why my thoughts on the sell is important to you; I think my prior observations speak for themselves.
The last post on this thread was made on September 14th and was buried back on page 19 of the U S Coin Forum before it was bumped last night. The last post prior to yours was made just over one month before the auction ended.
I learned last night who bought the coin and have been told they never saw this thread.
Therefore, the thread had no influence in the auction, if that is what you are suggesting. I have/had no interest in the coin since I no longer collect in those grades. I get the feeling an insinuation is being made I attempted to influence the sell, I sure hope that is not the case.
The thread was about the grading of the coin, no more, no less.
Regarding sell prices today: I've been selling off my NGC Roosie Set and extra PCGS coins I've owned for 10 - 15 plus years. I'm getting 40% of what I paid years ago for the coins. Did I over pay vs. today yes, back then, no.
It is what it is.
Jim
I didn't read any insinuation into Mitch's comments - they seemed very straight forward.
By the way, just because the winning bidder was unaware of this thread doesn't necessarily mean the outcome was unaffected. What about underbidders or potential underbidders who might have seen it? It's impossible to know whether the outcome was influenced.
It could also be the result of the coin appearing as though Roosevelt was shot in the head four times. As a former grader, would you have graded the coin MS68FB?
"If there are no dogs in Heaven, then when I die I want to go where they went." Will Rogers
@wondercoin said:
Jim. I rarely, if ever, comment on auctions while they are underway. Hence, why this thread went to page 19 in the past few weeks. I do not understand your comment about have/had no interest in the coin? If you ever owned it, I truly had no idea. Threads such as this can always be problematic to an ongoing auction (whether the winning bidder read this thread or not). Whether that is good or bad (see IkeT comments) is another story. That said, no insinuation intended against you at all. If you have now decided to say no more about this coin, so be it.
Wondercoin
The comment about "...have/had..." was to reflect no interest in the coin, and thus was not attempting to influence the sell. Also, I never owned the coin and I accept no insinuation was intended.
It was about the grading of a coin that is clearly over-graded by published standards.
"If there are no dogs in Heaven, then when I die I want to go where they went." Will Rogers
Sorry if posting twice I get glitches on this site from time to time and posts disappear. Just because the winner didn't see this thread doesn't mean others didn't and decided not to bid. I would be a bit annoyed if I was the consignor of that coin and saw this thread you can downplay it but I think you would be too.
ShadyDave. That’s a fair point. Often times, the worst graded example of a top pop can drag down the others. In this case just a pop 2. I have seen this with a multitude of coins in many coin series. Added to that reality is OP’s current experience of seeing price depreciation in this particular series by as much as 50%-60% over the past 10-15 years.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
@wondercoin said:
Jim (OP): Now that this coin has sold (I generally try to avoid commented on threads such as this before a coin is actually sold at auction to not influence the sales price) what are your thoughts on the coin, the price realized, etc?
Wondercoin
@wondercoin said:
While we wait for the OP to share his thoughts on this particular auction, a couple comments ...
Do threads such as this one actually chill prices on the pop top condition rarity mint state modern coins that are up for auction? Which is why I generally try not to comment on auctions midstream. Or, are prices down nearly 50% across the board anyway on pop top mint state silver Roosies with or without such threads?
Are “plastic buyers” simply paying about 50% of what they had been paying 6 or 7 years ago for the same coins as the registry matures and the vast majority of interested buyers now know they have near 0 chance of getting the top set? Which they didn’t know 7 years ago before a “whale” or two came into almost every series. Presented in the best light, this translates to most collectors now focusing on quality while only a minority still continue to focus on registry points, etc.
Thoughts?
Wondercoin
Mitch,
Not sure why my thoughts on the sell is important to you; I think my prior observations speak for themselves.
The last post on this thread was made on September 14th and was buried back on page 19 of the U S Coin Forum before it was bumped last night. The last post prior to yours was made just over one month before the auction ended.
I learned last night who bought the coin and have been told they never saw this thread.
Therefore, the thread had no influence in the auction, if that is what you are suggesting. I have/had no interest in the coin since I no longer collect in those grades. I get the feeling an insinuation is being made I attempted to influence the sell, I sure hope that is not the case.
The thread was about the grading of the coin, no more, no less.
Regarding sell prices today: I've been selling off my NGC Roosie Set and extra PCGS coins I've owned for 10 - 15 plus years. I'm getting 40% of what I paid years ago for the coins. Did I over pay vs. today yes, back then, no.
It is what it is.
Jim
I didn't read any insinuation into Mitch's comments - they seemed very straight forward.
By the way, just because the winning bidder was unaware of this thread doesn't necessarily mean the outcome was unaffected. What about underbidders or potential underbidders who might have seen it? It's impossible to know whether the outcome was influenced.
It could also be the result of the coin appearing as though Roosevelt was shot in the head four times. As a former grader, would you have graded the coin MS68FB?
It could be, but as I said previously, it's impossible to know whether the outcome was influenced.
Based on the images, I would not have graded the coin 68.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@PhilLynott said:
Sorry if posting twice I get glitches on this site from time to time and posts disappear. Just because the winner didn't see this thread doesn't mean others didn't and decided not to bid. I would be a bit annoyed if I was the consignor of that coin and saw this thread you can downplay it but I think you would be too.
Not downplaying at all.
"If there are no dogs in Heaven, then when I die I want to go where they went." Will Rogers
After some further thought about my own comments & others', I'd like to make one more point. It is true that this type of thread might unintentionally influence an auction and it is also true that there is no way to know for sure. That being said, let's credit the bidders with their own powers of observation and assume that they have agency in this matter.
A well-informed bidder has already done their homework on a coin such as this (particularly given the financial stakes involved) and therefore is unlikely to have been influenced by anything they may have read in this thread. The well-informed bidder has already made a careful examination of the auction photographs and seen every hit on the coin. They have also researched the full auction history of the coin and seen that it was certified as MS67FB before it was certified as MS68FB. In other words, it is very likely that, without looking at this thread, the question of grade is one they were already very much aware of.
@IkesT said:
After some further thought about my own comments & others', I'd like to make one more point. It is true that this type of thread might unintentionally influence an auction and it is also true that there is no way to know for sure. That being said, let's credit the bidders with their own powers of observation and assume that they have agency in this matter.
Yup. The whole point of an auction is to find the price through an open outcry system. Opinions here are just another piece of data. Same as if you were at lot viewing and asked your BFF what s/he thought.
-----Burton ANA 50 year/Life Member (now "Emeritus")
I agree it is overgraded in my opinion. The marks on the obverse should deny the grade. But a question I have is what kind of mark is that above and right of Roosie's ear? I can't imagine anyone missing that and allowing a grade above 65. Color be darned. Been bugging me since I first saw the post.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
I can think of many coins that I could buy for $10 grand before I would even consider this one. I would not consider it because I don’t care for the color.
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 ... ?
It's not just that the winning bidder is buried, but how about the next 3 or 4 owners as this coin will likely be surpassed by a real MS 68. My thoughts are that this hundred dollar coin will always be in that holder representing the very problem that likely exists in large numbers at both TPG's.
This is one came off an advertising card then into a Dansco. Some of those hand picked Eagles were so superb I submitted them and all received MS 69 grades. I still have the consecutively numbered holders submitted in the early 2000's.
@jesbroken said:
I agree it is overgraded in my opinion. The marks on the obverse should deny the grade. But a question I have is what kind of mark is that above and right of Roosie's ear? I can't imagine anyone missing that and allowing a grade above 65. Color be darned. Been bugging me since I first saw the post.
@2dueces said:
Just a question. Is this a case of registry fever? Buying the holder and not the coin?
If so TRIAPD.
The Registry Is A Powerful Drug.
Imo everything at this grade and price level for a common as dirt modern dime is all about the registry fever. If your goal is to win and be on top in the registry then the cost cannot be a factor for you, as was demonstrated when this coin sold for 10K.
I do think that the number of players willing to write blank checks for this type of coin is drying up at the moment, difficult to say if that will continue to dry up or if some new players will emerge.
@OldIndianNutKase said:
For comparison purposes this coin has very similar color to the OP coin and no marks........
MS68 is supposed to have "only the slightest weakness in strike". MS67 is "very well struck". The 1955-S you pointed out has pretty weak details, especially on the obverse. Looks more like die erosion than weak strike, though - not sure how they factor that in to the grade. Nice coin!
The coin is VERY attractive and apparently so attractive the graders were impressed enough to give it that grade. It can go the other way too. Nothing is absolute.
The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
Comments
LOL!!!!!
Jim (OP): Now that this coin has sold (I generally try to avoid commented on threads such as this before a coin is actually sold at auction to not influence the sales price) what are your thoughts on the coin, the price realized, etc?
Wondercoin
Took a big hit
Grading, remember, it is only someone else's opinion!
hammer and juice?
Here's an addendum to the information @Zoins collected:
February, 2013 - Sold $2,585 in PCGS MS67FB holder:
https://coins.ha.com/itm/roosevelt-dimes/dimes/1956-10c-ms67-full-bands-pcgs-pcgs-85112-/a/1182-4178.s?
December, 2013 - Sold $9,987.50 in PCGS MS68FB holder:
https://coins.ha.com/itm/roosevelt-dimes/dimes/1956-10c-ms68-full-bands-pcgs-pcgs-85112-/a/1192-3357.s?
October, 2020 - Sold $5,520 in same PCGS MS68FB holder:
https://coins.ha.com/itm/roosevelt-dimes/dimes/1956-10c-ms68-full-bands-pcgs-pcgs-85112-/a/1320-3043.s?
Ouch. Still far over-valued in my book at $5k.
While we wait for the OP to share his thoughts on this particular auction, a couple comments ...
Do threads such as this one actually chill prices on the pop top condition rarity mint state modern coins that are up for auction? Which is why I generally try not to comment on auctions midstream. Or, are prices down nearly 50% across the board anyway on pop top mint state silver Roosies with or without such threads?
Are “plastic buyers” simply paying about 50% of what they had been paying 6 or 7 years ago for the same coins as the registry matures and the vast majority of interested buyers now know they have near 0 chance of getting the top set? Which they didn’t know 7 years ago before a “whale” or two came into almost every series. Presented in the best light, this translates to most collectors now focusing on quality while only a minority still continue to focus on registry points, etc.
Thoughts?
Wondercoin
They may well have a chilling effect, especially if the consensus is that the coin is not a top condition rarity. I can understand not wanting to interfere with an auction, although that also comes with a cost (especially if the critique of the grade is warranted). Do you intervene and hurt the seller but help the buyer, or say nothing and help the seller but hurt the buyer? I'm sympathetic to both parties - I don't want to be the seller buried in the coin, but I also don't want to be the buyer buried in the same coin.
I've stepped in several times to report coins at auction that were not the die variety they were attributed to be. Is that different than reporting a coin that one believes is misgraded? Perhaps, because grading is more subjective than variety attribution, there should be a higher threshold for intervention. Many who posted on this thread felt strongly about it, however. Your thoughts?
Technically, this particular dime sold for half of what it did 7 years ago, but it also sold for twice what it did 7 years ago (see my previous post).
If someone gave me that dime for free I'd spend it.
Great transactions with oih82w8, JasonGaming, Moose1913.
Confidence in buying accurately graded top pop conditional rarities is probably in the toilet and I can understand why after reading this thread and seeing that roosie.
Unless all those dings on the obverse and reverse are figments of everyone's imagination, the coin was graded inaccurately and the market recognized that with the nearly 50% drop in hammer price from the last time it went to auction. I don't have much insight on the high end MS-FB roosie market, but taking a quick peek at PCGS and NumisMedia, a 1956 in 68FB is valued at $10,000 for PCGS and $6,880 with NumisMedia. Looks like the vicious cycle of overgraded coins will continue to drag accurately graded coins value down with them...
Mitch,
Not sure why my thoughts on the sell is important to you; I think my prior observations speak for themselves.
The last post on this thread was made on September 14th and was buried back on page 19 of the U S Coin Forum before it was bumped last night. The last post prior to yours was made just over one month before the auction ended.
I learned last night who bought the coin and have been told they never saw this thread.
Therefore, the thread had no influence in the auction, if that is what you are suggesting. I have/had no interest in the coin since I no longer collect in those grades. I get the feeling an insinuation is being made I attempted to influence the sell, I sure hope that is not the case.
The thread was about the grading of the coin, no more, no less.
Regarding sell prices today: I've been selling off my NGC Roosie Set and extra PCGS coins I've owned for 10 - 15 plus years. I'm getting 40% of what I paid years ago for the coins. Did I over pay vs. today yes, back then, no.
It is what it is.
Jim
If dipped, would everyone agree it's an ms64?
Someone will buy it though and chase that elusive Registry set race.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Just shows the greater fool concept is alive and well
.> @lablover said:
I didn't read any insinuation into Mitch's comments - they seemed very straight forward.
By the way, just because the winning bidder was unaware of this thread doesn't necessarily mean the outcome was unaffected. What about underbidders or potential underbidders who might have seen it? It's impossible to know whether the outcome was influenced.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Jim. I rarely, if ever, comment on auctions while they are underway. Hence, why this thread went to page 19 in the past few weeks. I do not understand your comment about have/had no interest in the coin? If you ever owned it, I truly had no idea. Threads such as this can always be problematic to an ongoing auction (whether the winning bidder read this thread or not). Whether that is good or bad (see IkeT comments) is another story. That said, no insinuation intended against you at all. If you have now decided to say no more about this coin, so be it.
Wondercoin
edited to add... my response written before reading OP’s edited post that actually answered my question. Thank you.
It could also be the result of the coin appearing as though Roosevelt was shot in the head four times. As a former grader, would you have graded the coin MS68FB?
The comment about "...have/had..." was to reflect no interest in the coin, and thus was not attempting to influence the sell. Also, I never owned the coin and I accept no insinuation was intended.
It was about the grading of a coin that is clearly over-graded by published standards.
Sorry if posting twice I get glitches on this site from time to time and posts disappear. Just because the winner didn't see this thread doesn't mean others didn't and decided not to bid. I would be a bit annoyed if I was the consignor of that coin and saw this thread you can downplay it but I think you would be too.
ShadyDave. That’s a fair point. Often times, the worst graded example of a top pop can drag down the others. In this case just a pop 2. I have seen this with a multitude of coins in many coin series. Added to that reality is OP’s current experience of seeing price depreciation in this particular series by as much as 50%-60% over the past 10-15 years.
Wondercoin
It could be, but as I said previously, it's impossible to know whether the outcome was influenced.
Based on the images, I would not have graded the coin 68.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Not downplaying at all.
After some further thought about my own comments & others', I'd like to make one more point. It is true that this type of thread might unintentionally influence an auction and it is also true that there is no way to know for sure. That being said, let's credit the bidders with their own powers of observation and assume that they have agency in this matter.
A well-informed bidder has already done their homework on a coin such as this (particularly given the financial stakes involved) and therefore is unlikely to have been influenced by anything they may have read in this thread. The well-informed bidder has already made a careful examination of the auction photographs and seen every hit on the coin. They have also researched the full auction history of the coin and seen that it was certified as MS67FB before it was certified as MS68FB. In other words, it is very likely that, without looking at this thread, the question of grade is one they were already very much aware of.
Wow, those hits in the hair and on the torch must magically disappear in hand.
No way that's a technical 68.
Yup. The whole point of an auction is to find the price through an open outcry system. Opinions here are just another piece of data. Same as if you were at lot viewing and asked your BFF what s/he thought.
ANA 50 year/Life Member (now "Emeritus")
I agree it is overgraded in my opinion. The marks on the obverse should deny the grade. But a question I have is what kind of mark is that above and right of Roosie's ear? I can't imagine anyone missing that and allowing a grade above 65. Color be darned. Been bugging me since I first saw the post.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
I can think of many coins that I could buy for $10 grand before I would even consider this one. I would not consider it because I don’t care for the color.
It's not just that the winning bidder is buried, but how about the next 3 or 4 owners as this coin will likely be surpassed by a real MS 68. My thoughts are that this hundred dollar coin will always be in that holder representing the very problem that likely exists in large numbers at both TPG's.
This is one came off an advertising card then into a Dansco. Some of those hand picked Eagles were so superb I submitted them and all received MS 69 grades. I still have the consecutively numbered holders submitted in the early 2000's.
Looks like ejection fingers.
Lance.
marks are from the reeding of another coin impressing into that coin
Just a question. Is this a case of registry fever? Buying the holder and not the coin?
If so TRIAPD.
The Registry Is A Powerful Drug.
"I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
It's quite ironic actually. FDR died of a brain hemorrhage.
Imo everything at this grade and price level for a common as dirt modern dime is all about the registry fever. If your goal is to win and be on top in the registry then the cost cannot be a factor for you, as was demonstrated when this coin sold for 10K.
I do think that the number of players willing to write blank checks for this type of coin is drying up at the moment, difficult to say if that will continue to dry up or if some new players will emerge.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
There is quite a few marks there for a modern. The color is distracting in my eyes without sunglasses.
Actually the coin sold for $5520 on 10/20 which is 55%of PCGS Guide Value. But PCGS Guide is only $400 for a 67........
OINK
For comparison purposes this coin has very similar color to the OP coin and no marks........
Graded MS67 with a current price of less than $70 in a greattoning eBay auction today.
OINK
MS68 is supposed to have "only the slightest weakness in strike". MS67 is "very well struck". The 1955-S you pointed out has pretty weak details, especially on the obverse. Looks more like die erosion than weak strike, though - not sure how they factor that in to the grade. Nice coin!
The coin is VERY attractive and apparently so attractive the graders were impressed enough to give it that grade. It can go the other way too. Nothing is absolute.