1875 S Twenty Cent Piece in PCGS MS67 from Regency 50
TheMayor
Posts: 229 ✭✭✭✭✭
Now that Regency 50 has closed, I think this is fair game to discuss. I had my eye on the 1875 S twenty cent piece in PCGS MS67, not as a potential purchase, but I wanted to see if it would attract a bid. The same coin sold at Heritage in April 2021 as an NGC MS65* for $9,024. Legend had an estimate of $45,000-$50,000 on the lot and required a bid of $27,000 (or thereabouts) to open. Perhaps predictably, the lot was passed. I was curious to see what 9 months and a fairly nice plastic makeover would do for this beauty if it were allowed to open with a low bid and no reserve. Any guesses where this would have cleared?
8
Comments
No bean?
That’s a pretty significant grade difference between TPGs
Nothing is as expensive as free money.
Good eye for seeing this was re slabbed. This is one of the coins they have for direct sale now through make an offer, and I’m curious myself.
I disagree. That’s beyond a “pretty significant grade difference”.😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
What a nice piece. Great toning too. I would love to see it in person.
Custom album maker and numismatic photographer.
Need a personalized album made? Design it on the website below and I'll build it for you.
https://www.donahuenumismatics.com/.
It has a fairly distinct look and I remembered liking it and tracking it at Heritage, but the bidding got too rich for my blood. $9k is about 4x what an 1875S in NGC MS65 without CAC typically sells for, which I thought was too high a multiple for the eye appeal/color. An error on my part clearly - I imagine whoever bought it is going to make a nice profit if they haven't already.
Need to see it in person
Hard to judge it from either set of pictures
Neither time. I'm thinking CAC didn't like the color on it.
The obverse of the 20c kind of reminds me of the obverse on this dime.
(The 20c is 65 points higher in grade. . .)
peacockcoins
Nice dime, but did it CAC?
I wonder what the grade was and what holder it was in prior to the 65*
Or the strike, very soft centers esp for the 67 lever
11.5$ Southern Dollars, The little “Big Easy” set
Good call out. I have a 63 that has a much better strike on both the obverse and reverse.
Nothing is as expensive as free money.
Pretty optimistic estimate from Legend with an opening bid of 3X what it sold for at Heritage. Maybe Collectors are wising up to this plastic game that is being played. Auction records are giving the Collector more transparency with which to make their decisions.
A standard ms65 1875-s is worth 2000-2500.
a standard ms66 1875-s is worth 3000-4500
A standard ms67 is worth 15-22000
When this coin sold as an ms65* it was purchased thinking the coin MUST ms67. If it doesnt, its a $5k loss.
So the buyer was right and got it into an ms67 holder. Winner for them. However next comes what is an ms67 worth? I say 15k-22k for coins not stickered.
a 27k bid brings the coin to almost 30k money-which is over ms67 cac and close to ms68 money.
I just think it was overpriced
Do you see a bean on either of the TPG coins?
I'm going to have to buy "standard coins" from now on.
Sorry but it doesn't work that way.
Just me but came back on the market to fast. No one wants to see a coin that was just put in a new holder with that kind of bump and pay full tilt.
Hoard the keys.
I doubt the buyer knew it would upgrade to a 67, maybe a 66? How about the buyer just got lucky!!! If a sure 67 bidders would have gone to 15-20K
That makes sense from the point of view of potential bidders who are aware of the coin’s previous history. However, when a coin has enjoyed a two-point grade increase into a different grading company’s holder and is being offered by a different auction company, chances are good that many potential bidders will be unaware.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
That is an amazing grade jump....I wonder if it was submitted raw for the regrade. Cheers, RickO
Am I the only one (perhaps other than @ricko) to find the color distracting? I think it is garish and ugly. It almost looks like a kid took a crayon to it.
I’ve seen the coin in hand and think it’s exquisite. That aside, don’t you like any crayon colors?😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I’m usually a fan of toning, but those photos do nothing for me. I would definitely trust your in hand inspection though. Some pieces just aren’t photogenic.
On another note, why do you think it failed CAC?
I like how PCGS cert verification links to past auctions.
It would be nice to have a database of coins across cert numbers.
I was afraid you might ask, because I really don’t have a clue in this case.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Condition rarity. Not a rare date.
No star centrils, a weak strike but I think the color is great.
IMO the coin itself should be rare and high grade before spending that kind of money, even for registry. But I get the competitive nature of humanity.
I do but we’re assuming the TV is a good representation.
"Got a flaming heart, can't get my fill"
I agree - that is a big assumption. Luster is going to have such a big impact on the in-hand eye appeal of a coin with this type of color and it can be very difficult to capture in an image.
It sure is a good thing that we don't have to worry about gradeflation when it comes to coins like this.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.