Should I have placed a more aggressive bid on this coin?
braddick
Posts: 22,532 ✭✭✭✭✭
I was the underbidder in this auction (in fact, I placed two "maximum bids" within days of each other, thinking I would protect my initial bid and win the coin). It sold to the next highest bidder, and now I am having doubts about my strategy and thinking I should have bid even more.
Your opinion, did this one go too cheaply, or would bidding higher have been a fools' errand?
https://www.ebay.com/itm/1963-Franklin-Silver-Half-Dollar-Lowball-Fifty-Cents-50c-AG-/353310139317?ssPageName=STRK:MEBIDX:IT&nma=true&si=DAm35fkBw8G%2FLbqlLYgPQEhXN04%3D&orig_cvip=true&nordt=true&rt=nc&_trksid=p2047675.l2557
peacockcoins
3
Comments
You and the seller are the big winners here.
In honor of the memory of Cpl. Michael E. Thompson
estimate is undergraded
you were saved
Not “lowball” enough to lose sleep over.
That's a nice one!
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Checking the PCGS pops, and nothing comes close. (VF30 is about it) for the series, let alone for 1963.
My speculation it would straight grade at AG03.
peacockcoins
Let me check my junk silver...
Be thankful you didn't win it.
If it went for more than you were willing to pay, regardless of how scarce it is in that low of a grade, if I were you I wouldn't second guess myself.
We have enough things to kick ourselves over without (as my wonderful grandmother used to say) "borrowing trouble."
Not being a lowball fan; I don't know why anyone on earth would buy such a coin. You bid what you were comfortable with, so trust that intuition. Live to bid on another day.
“I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~
My Full Walker Registry Set:
https://www.ngccoin.com/registry/competitive-sets/16292/
Straight grade AG03 is my guess as well. But there is the grading cost and unusual lowballs are definitely a wild card with grading. In a holder or maybe even if 100% certain it would grade that, then I would pay the auction price ($90 if you can't follow the link). But my personal opinion is too much of a risk for that much unknown. I wouldn't sweat it. Maybe PCGS doesn't like the spot on the front, or maybe it grades a G06 and you're presumably in the hole.
Maybe $50 would have been a "good" price to me and consider $90 to be pricy.
You can’t be serious.
Depends if you are building an example of every grade for this year. Some guys are doing this with star baseball players in rookie cards. One Griffey UD rookie graded PSA 1 or 1.5 went for over $600.00 with two bidders going head to head. If yes, you lost out, if no. tomorrow is another day.
I think you gave up too easily. I bet you could have still flipped it for a profit to the #1 registry holder with room to spare.
The following should have told you to bid more aggressively. Check the right-most "User" column, not the "Set Name" column
https://www.pcgs.com/setregistry/low-ball-sets/low-ball-denomination-sets/franklin-half-dollars-low-ball-1948-1963/1963
One of the finest lowball coins showing up on ebay. If you had really wanted it you should have put in a maximum of $1000!
Here's the coin for posterity.
This was someone’s pocket piece for 15 or so years. It did not get worn down through hand to hand circulation. No larger piece of silver like that would have stayed in circulation for that long.
Sorry, but I really don’t get this low ball thing.
I find it hard to believe no one has made any 1 + 2's in the Franklin 1/2 Series! Might be a quick gold mine if someone wants to make the 1st few.
“The rub” is you have to simulate actual wear, not something that looks like it came from a rock tumbler.
There are well worn Franklins out there, I've seen them in the past.
Checkout the grades in the #1 lowball Frankie set.
Oh, they are out there for sure, but very few of them are dated 1963 and have actual wear from circulation. Most everything from that that time was scooped up and hoarded because of the silver speculation craze, which turned out to be properly grounded.
I do not understand the attraction of low ball coins.... Yes, they have a following, and 'collect what you like'.... there will be no competition from me
Cheers, RickO
Yes
Lafayette Grading Set
I guess the lowball coin hobby has to be careful of coin doctors who artificially create too much wear on coins?
Hard to believe there is that much wear on a 1963 silver coin, considering all the circumstances regarding silver in US coins and when those coins generally stopped circulating, etc.
Yes. It's hard to do. Pocket pieces always end up looking a bit polished. I'm not sure whether they will straight grade or not.
Here's another good job for a robot. Have the robot hand the coin back and forth to another robot a couple billion times (wearing gloves) and voila!!! You've ruined a coin and increased it's value!
I put in snipe bids with what I am willing to pay. If there is something I really want, I go back and double my original snipe bid.
That is a nice coin, and could be worth $500 for someone that really wanted it.
That is probably true - if holdered, of course - but boy does it make some of us scratch our heads.
you got lucky
BHNC #203
As a lowball collector myself, it's definitely a missed opportunity.
I'm guessing the people saying you were saved don't collect lowballs.