Comparing DE with the same grade.
Waterpig267
Posts: 16 ✭
These 2 DE were recently auctioned. One by Great Collections the other by Stacks. Both are the same grade, however one looks significantly more appealing than the other. The price difference at closing with the buyers premium is just under 5,000.00. Looking at both, the Fairmont coins strike is strong, but the eye appeal leaves me wondering. Is the price difference of 5,000.00 worth the more eye appealing coin?
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The sort of thing that each of us must decide for himself. Different factors matter more to some people than to others, so all we can do is to share opinions.
In my case, I'd like to know what percentage of the total value we're talking about. Is the 5K a 50% surcharge, or a 20%? I'd say the more attractive coin in this case is worth 20% more--to me.
Of course, the standard online disclaimer applies: we're trying to judge from photos, and not very many either. Sometimes I wonder how people do it, particularly in the upper echelons.
The slabbed one looks much nicer. I dony think $5000 nicer, but I would prefer that one
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I definitely find the first one far more attractive. Not sure it is $5K more attractive, but definitely worth more just on eye appeal. Surprised they are graded the same. Cheers, RickO
What does the reverse on the one displayed in the slabbed look like, and do the coins both have similar luster? The first coin (the one shown in the slab) has noticeably less chatter/dings on the obverse.
For what it’s worth, MS62/63 is the grade before the jump for most common date Libs, so recovering a $5,000 premium at sale may be difficult unless regraded higher at a later date.
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The marks on the second coin look like borderline gouges. I'm surprised it wasn't graded as an MS60 or even detail graded.
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We are talking about a $3,700 PCGS price guide coin with $4,500 in "+" and $6,000 in MS63. A $5,000 difference could be an example of two "hail Mary" bids! What were the final prices for the two coins?
But I thought sniping SAVED money?
While the obverse of the top coin appears much nicer, It's impossible to answer, based on only one side of it showing and the differences in imaging.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
The top coin sold for just over 7,000. The TV coin sold for 2400.00
I agree, Mark.
But that sure is a nasty "scratch" on Liberty's face on the second coin.
That "mess" in the lower right side is also very unappealing to me.
A Five grand spread is a lot of difference though.
Pete
The reverse of the top coin.
Here's a TV of the other...
If that Fairmont coin sold for $2000, it's a bargain.
Agreed on all counts, Pete.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I absolutely have to agree with you on that.
This looks better than a MS62 coin. Better looking coins deserve higher prices. It the other one sold for $2400 all in, that person got a very good price on a somewhat beat up coin. Must have gotten lucky at the end of the auction.
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I've seen coins like this before. In their pics, they look several grades higher than the grade assigned by the grading service. When you actually examine them under a bright halogen or incandescent light, you see many hairline scratches that don't show up in the pics. Professional graders hate hairline scratches.
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Perhaps, but these are MS62, not MS65. Surfaces aren't going to be all that nice, and I hate big scuffs. As for $5000 more for the non-Fairmont coin, I don't see it from here.
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To me it would matter more on a less common coin. 62 is not a high grade and the coin is not even particularly scarce.