What am I missing here?
GRANDAM
Posts: 8,576 ✭✭✭✭✭
Why did this coin sell for so much? I see no chance of an upgrade in the coin.
Even if it would upgrade the selling price in this auction eats up all the upside in the upgrade.
https://www.greatcollections.com/Coin/1364574/1972-Eisenhower-Dollar-Type-1-PCGS-MS-65-Toned
GrandAm 
1
Comments
good question, maybe they liked the gold color on it, fwiw and a start?
No idea... it's not even a nice MS65
Collector, occasional seller
It has a doubled die reverse- there is notching on the L's in DOLLAR. It's very minor though and not worth what was paid, IMO.
Looks like this one: http://www.varietyvista.com/13 Eisenhower Dollars/1972PDDR001.htm
There's only 1 DDR listed by CONECA for 1972 P Ikes, so maybe that has something to do with it.
So to me, the bidding history is pretty interesting. Almost all the activity was on the day the autction ended (to be expected).
Bidder 2 put a secret max bid of $1456 at 2:36 pm. Then for like 40 mins, bidder 3 tries to find bidder 2's max bid. When he does, bidder 2 puts another thousand to his bid. Then, with 5 seconds to spare, bidder 3 drops a nuclear bid thats higher than $2506.
It could be a personal bidding war or those bidders must have found something special in that coin. I mean, if bidder 3 just waited to put in his max bidd of something higher than $2506, he probably could have won it for like $1506.
That is big bucks for that Ike... The reason does not seem obvious... Could be the slight DD, or a testosterone war....Cheers, RickO