$30 bargain or not?
Morgan13
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I collect Morgan's but once in a while I will buy something outside of Morgan's.
I really like a good cameo. This one is kind of weak I think. I have nothing to compare it to. It is spotless. I paid $28 delivered. Is this a bargain?
Should I send it in for grading?
Student of numismatics and collector of Morgan dollars
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Comments
At 28 bucks, I think you did just fine. As to sending it off for grading, I dunno.
The coin doesn’t look like it would receive the “Cameo” designation, and would likely need to grade above 68 to merit the cost of grading. So no, you shouldn’t send it in for grading.
The PCGS PR67 linked below brought $23.50. Your purchase wasn’t a bargain.
https://www.ebay.com/itm/266320952864?hash=item3e01f73e20:g:n9IAAOSwgMpkoY34&amdata=enc:AQAIAAAA8LYmiNTzSfTd44Ru1NUifL5vmXgL7+ya4kIBMdRZCO45pIIczqHfGukLt78nyoSea6OsKB+hmcxmtPx4p9Ra8h4Azm0jNz0ycdrk9Ej6lMEmIorrhDY0zk5FRVVPRwbGtT/ZQafpwBwsbKec5QKfvQIIUV2pt8ZzQmyTYtzzR5d0zbNX2uqnwUMI1jRARXYpDVK9frMjiCgktWj5rX6dS0hhTfDlwt9R9xTsHWFI5OvWBeMx6a4bh+6YWZWHTBCU/lAwlafO1W+KQEUEhxQ2NkgKckeui7XT1IMy0AdRSqIA09J/O7HGt52G7Y+N65sv9g==|tkp:Bk9SR-qTseq9Yg
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I think the holder is cool AF... will give you 40$ and you can stop wondering got a deal or not.
Unsolicited offers based on the cool holder aside, it’s a ~$20 coin.
Factoring in all the costs associated with getting it slabbed, this will be ~$40.
And in the end it will still be a ~$20 coin.
So if your goal for submitting it is to profit from it, then no, don’t send it in for grading.
Hopefully no one ever paid the $120 “appraised” value that’s listed…
@150K, it sounds like I was wrong and you got a bargain, after all. Sell sell, sell!
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
To me it seems like an excellent pickup. The holder / label is where the value is. What time frame was this from? Can it be replaced ? Are there many of these out there?
Isn't that just a Capitol Plastics style case with gold foil stickers stuck on two edges, with a retailer's description card bearing a fanciful value?
Am I missing something?
If you're missing something, I am too.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I believe the question was at 28 bucks was this a bargain. If you collect oddities or slab types or marketing products then the answer is probably yes. If you plan to take the coin out and toss everything else in the trash then probably not so much.
Sell it to @Relaxn and move on.
Then it essentially comes down to whether the plastic holder (with what appears to be a Rare Coin Galleries, Inc. sticker affixed to the paper box which can house the holder) is a bargain at approximately $10.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
It’s probably not a bargain but I spent $150 for dinner last night and aside from heartburn I have nothing else to show.
I don't think your coin has any chance of getting a cameo designation at any legit TPG, yes you overpaid a little but it is hardly life changing.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
i think it comes down to the shipping price, if it was free shipping, it's a deal
It is a nice coin and is a nice case. People just need to not get carried away and improperly assign value to certain things.
Capitol cases are nice and I like them and a similar case might cost the difference in value to a raw coin. But that's only really relevant if someone wanted to build that exact presentation.
There's no real shame in having that coin in that case at that price, if it's what you want.
It's just a Capital Plastics holder with a generic proof Franklin half dollar in it. The holder can still be found without much effort and might cost $10-$15 all-in, but the resale value of the holder is typically less than that once it is used and it might not be all that easy to sell. The half looks nice, but doesn't appear cameo. In my opinion, your price of $28 was too much to pay, especially if you send it in for grading. Regardless, it looks nice and you can certainly enjoy it for what it is.
In honor of the memory of Cpl. Michael E. Thompson
It was a deal, for the seller.
They appear to still be in business but moved to Tampa? Or is it a different operation?
so how much do you figure the dealer made on this transaction?
Why all the negativity? It's a nice coin and a nice holder for under $30. I would keep it on my desk and use it as a paperweight. The many hours of enjoyment gained that way make it a bargain. Once again the peanut gallery loves to pile on with their noses up in the air at any coin not PCGSCACUDCMS99. Predictable.
It’s nothing to do with piling on, noses up in the air or about “PCGSCACUDCMS99”. The OP asked if his purchase was a bargain and whether he should send it in for grading. And most of the replies spoke to those questions.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I half agree with you. But the OP raised the "bargain " and "submission question. I think if he just said, "look at my newp", he wouldn't have gotten the negativity. [Which was overdone, which is where I agree with you.]
The proofs of this era are quite often very nice. I believe you could get an original proof set with a stellar half and quarter for that price. I don't think it was a bargain by any stretch.
Nice half, however.
bob
He lost money if he paid $120.
There's no way to know without knowing the dealer cost and expenses. Was this on ebay? Was it shipped at that price to the buyer? Etc.
If I were buying that coin as a dealer, I'd probably be in the $15 to $18 range.
i agree 100, if it is the sort of item you collect and like i highly doubt it could be found and delivered anywhere on the planet for much less. after seeing the pics with the presentation box, it seems like an absolute bargain for 28 bucks delivered. and if it wasnt a bargain can you go buy another for less??
Even if you paid too much, if you like it, it’s worth that just for the enjoyment, It was less than 30 bucks…
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Depends on whether it has any real cameo
In his opening post, the OP wrote “I collect Morgan's but once in a while I will buy something outside of Morgan's. I really like a good cameo…”.
He made no mention of the holder or the “presentation box”, which is merely is a Capital Plastics box with a dealer sticker on it.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
that is the coin part of the item....... but the item is an oddball item. i dont think someone searching for a slabbed coin of this grade/date would even consider this item. collectors of apples dont care too much about the orange collectors. if you like this sort of thing, (which once again i would say is an oddball item) the sellers of the coins you showed probably didnt throw in any extra items to convert it over. why do people buy other slab varieties with obviously cleaned coins? it is the same here.
ok, i give up. my judgement is clouded as i have consumed more dollars worth of beer during the course of this thread than the original purchase was for. to the OP, i would list this on ebay immediately for BIN $1 with free shipping and just let the next person get stuck. AMEN
I think you are thinking of that label incorrectly. It's nothing but a dealer sticker on a box. It's not a defunct TPGS or a relic of a buy gone era like an old Bower flip.
Might someone collect a cardboard box with a dealer sticker? Sure. Why not?
But again, the OP asked about the coin and submitting it so he wasn't collecting its current holder.
I think we have come to a consensus: it's not a bargain if you want a raw proof 1962 Franklin, it's not a cameo, and it's not worth sending in to grade. It was an ok price because slab collectors will pay a premium (even if it's not an actual TPG company, there is still demand even for oddball dealer "self slabbed" items) and we saw that in this thread with a $40 offer.
What decade do you think this is From? My guess is 1980s
Before TPGs the first set I put together were Franklin halves in Gem condition each coin corner finger pressed until it hurt,
into a Whitman folder circa 1977.
The key date at that time was the 1949-s. Now, no more a key and who knows what was a gem back then.
At first glance I like your coin, it is a nice coin.
If we ride the way back machine we find it might have at one time it cost ohhhh so much more. The world was smaller back then, more regional pricing up in Albany NY
The price you paid:
It was a fair price and your photo may be taking out some of the contrast, but it's a nice coin.
In 1977; The 1949-S "The KeY Coin" in Mint State. Imagine a pure numismatist seeing a 28 yr old coin as a KEY based on mintage only. You're coin may have been a real prize back then.
Today the new mint issues are subject to promote and demote first strikes etc tee hee hee (What ever is in favor)
Enjoy your coin . I do
Next time bring your $28 to South Carolina get two ice cream cones and 5.2 gallons of gasoline. Bet the coin last longer
Sell it to the poster in this thread or throw it up on the BST or Instagram if you we’re hoping for more. $40 sounds like all the money to me though.
One sold for $85 on ebay. I posted it above.
$85 was the asking price. EBay is deceptive with BIN listings sometimes listing the asking price instead of the price realized.
True. But if you sit the complete list by price, $85 appears to be the sale price which is probably why there is no line through it.
A small premium might be attached to this item if slab collectors view it as a sort of precursor to slabs or an early attempt at professional grading, sort of like the sealed flips that preceeded the slab era.
But as you know, it's just a Capital Plastics holder, which really has nothing to do with grading and slabs.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I also don't think it's a pre-cursor to anything. 1st of all, it could be a relatively modern label. People are assuming it's the 1980s rather than the 21st Century. There are mass retailers who still do similar things. Have you seen the short rolls of nickels and quarters in plastic tubes with a tape seal from the "XYZ Mint"? If anyone wants to pay a premium for those, I usually just cut the seal and dump them in the coin star.
Anyone want to buy Littleton sealed coins? They put the grade right on the plastic and seal it. No one has ever considered that packaging to be a precursor to anything.
And everyone is focused on the grade on the label as though that implies some kind of TPG connection. How about the price? It's a price sticker on a box and a capitol plastic holder.
I agree with the above two posts, but I left the door open a sliver in the event this thing has some age to it, and is sort of an early attempt at a form encapsulation. There are collectors of such things, as far as I know.
As I stated earlier in the thread, to me it's just a nice coin in a high-end aftermarket holder.
Check it for the FS901 misplaced D variety it’s after the W in Stow
http://www.pcgs.com/SetRegistry/publishedset.aspx?s=142753
https://www.autismforums.com/media/albums/acrylic-colors-by-rocco.291/
Did the OP get a bargain? Probably not. Would I send it in for grading? Absolutely not, but if they like the coin and/or want to sell it to a slab/old holder collector I think they did fine. They already had an offer above their purchase price.
@jmlanzaf Not to hijack the thread, but I will disagree slightly with your comment below.
While I agree with you on the modern Littleton packaging I would disagree on the following.
I would put it in a similar category as the David Hall flips.
Philippians 4:4-7
I like this kind of stuff and remember when they were new to the market. Im not a slab collector but I would certainly pay $28 for original posters franklin. I guess it could be modern but I doubt it seems like alot of work for 28 bucks. I also like these old littleton and David Hall holders, these and the old anacs photo certs changed the hobby and were the beginnings of coin cerification as we know it.
I actually agree with you
The original seller/creator didn't sell it for 28 bucks. The price is on the sticker.
if you like the coin then it was a good buy for $30
as for grading nah would cost more then it's worth
2003-present
1997-present
I know the original buyer paid much more than 28 dollars. The original poster of this thread is the one who paid $28. I would have bought for $28 also. As far as what the original buyer paid in the 1980s I don't remember if $120 would have been a fair price. I know I have a couple of 3 cent nickle proofs I paid a couple of thousand for each. Nice coins but nothing special. Those were crazy times in the coin market. This is why I like the history of this kind if stuff. My comment about it not being worth the time to make this for 28 dollars was in response to another poster who was challenging the age of the holder and box. I think it dates from the 1980s and is petty cool.