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Why did this rattler sell for so much?

Saw this listing and couldn't for the life of me figure out why it sold for so much, almost $800 for not a particularly rare coin that definitely is not an upgrade. It is not a 108xxxx serial either, is it some type of rare slab that I'm unaware of?

https://www.ebay.com/itm/196248258873

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    ARCOARCO Posts: 4,313 ✭✭✭✭✭

    I can't figure it out either. Coin is splotchy with poor eye appeal. Lastly, it is a bullion coin. If you walked that into a coin store, you might get $30.00

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    tcollectstcollects Posts: 846 ✭✭✭✭

    that's nuts

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    TennesseeDaveTennesseeDave Posts: 4,743 ✭✭✭✭✭

    Got Milk? >:)

    Trade $'s
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    MeltdownMeltdown Posts: 8,667 ✭✭✭✭✭

    I used to have one... they are very scarce in that holder. I wish I had hung on to it, the prices have really gotten crazy!

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    MICHAELDIXONMICHAELDIXON Posts: 6,411 ✭✭✭✭✭

    @Ripnrun said:
    Saw this listing and couldn't for the life of me figure out why it sold for so much, almost $800 for not a particularly rare coin that definitely is not an upgrade. It is not a 108xxxx serial either, is it some type of rare slab that I'm unaware of?

    https://www.ebay.com/itm/196248258873

    It boils down to supply and demand. Refer to Braddick's post.

    Spring National Battlefield Coin Show is September 5-7, 2024 at the Eisenhower Hotel in Gettysburg, PA. WWW.AmericasCoinShows.com
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    lobo54lobo54 Posts: 135 ✭✭✭

    ., a fool and his money......my 2¢

    I would rather join with an army of sheep led by a lion, than an army of lions led by sheep.

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    silverpopsilverpop Posts: 6,599 ✭✭✭✭✭

    people collect whatever they like to, coins slabs, Etc,after all it's their cash and they will spend it as they see fit to

    Coins for sale at link below
    https://photos.app.goo.gl/TyJbuBJf37WZ2KT19

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    jughead1893jughead1893 Posts: 1,045 ✭✭✭✭✭

    because holder collectors are rich

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    jmlanzafjmlanzaf Posts: 31,997 ✭✭✭✭✭

    @lobo54 said:
    ., a fool and his money......my 2¢

    The majority of people feel that way about your entire collection.

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    coinbufcoinbuf Posts: 10,771 ✭✭✭✭✭

    Why do some toned coins sell for so much? When you can answer my question you will also have the answer to your question. Spoiler alert, it's because two or more buyers wanted it that bad on that day.

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
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    coinbufcoinbuf Posts: 10,771 ✭✭✭✭✭

    @ARCO said:
    I don't get it doesn't mean I don't understand that collectors buy holders at highly inflated prices, it means that I don't get how a collector's mindset is so out of whack to think that way at all. :)

    Do you get why you buy dirty tarnished old coins at highly inflated prices?

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
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    WalkerfanWalkerfan Posts: 8,976 ✭✭✭✭✭
    edited March 8, 2024 12:38PM

    @coinbuf said:

    @ARCO said:
    I don't get it doesn't mean I don't understand that collectors buy holders at highly inflated prices, it means that I don't get how a collector's mindset is so out of whack to think that way at all. :)

    Do you get why you buy dirty tarnished old coins at highly inflated prices?

    True. But at least coins have intrinsic value, artistic beauty and are directly tied to American history. You can’t say that about plastic holders.

    “I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~

    My Full Walker Registry Set (1916-1947)

    https://www.ngccoin.com/registry/competitive-sets/16292/

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    WalkerfanWalkerfan Posts: 8,976 ✭✭✭✭✭
    edited March 8, 2024 12:41PM

    @airplanenut said:
    Well, uhhh...

    That thing looks to have possible PVC or at very least thick haze. 🤢

    “I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~

    My Full Walker Registry Set (1916-1947)

    https://www.ngccoin.com/registry/competitive-sets/16292/

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    jmlanzafjmlanzaf Posts: 31,997 ✭✭✭✭✭
    edited March 8, 2024 1:53PM

    @Walkerfan said:

    @coinbuf said:

    @ARCO said:
    I don't get it doesn't mean I don't understand that collectors buy holders at highly inflated prices, it means that I don't get how a collector's mindset is so out of whack to think that way at all. :)

    Do you get why you buy dirty tarnished old coins at highly inflated prices?

    True. But at least coins have intrinsic value, artistic beauty and are directly tied to American history. You can’t say that about plastic holders.

    Clad quarters have little intrinsic value, their beauty (or lack) are in the eye of the beholder, and the old holders are part of numismatic history.

    Your kidding yourself if you think your choices are any more rational.

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    conrad99conrad99 Posts: 360 ✭✭✭

    People can collect whatever they want.
    For some reason this bothers other people.

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    pmh1nicpmh1nic Posts: 3,151 ✭✭✭✭✭

    I think it makes for a unique presentation if all the coins in a collection are in the same holders. It’s not how I collect (everything gets cracked out) but people think I’m nuts for cracking coins out of holders.

    The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
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    WalkerfanWalkerfan Posts: 8,976 ✭✭✭✭✭

    @jmlanzaf said:

    @Walkerfan said:

    @coinbuf said:

    @ARCO said:
    I don't get it doesn't mean I don't understand that collectors buy holders at highly inflated prices, it means that I don't get how a collector's mindset is so out of whack to think that way at all. :)

    Do you get why you buy dirty tarnished old coins at highly inflated prices?

    True. But at least coins have intrinsic value, artistic beauty and are directly tied to American history. You can’t say that about plastic holders.

    Clad quarters have little intrinsic value, their beauty (or lack) are in the eye of the beholder, and the old holders are part of numismatic history.

    Your kidding yourself if you think your choices are any more rational.

    Numismatic history is only important to a numismatist. American history is important to a whole lot more folks. I agree with you about the clad being non-intrinsic but I don’t collect clad coinage, either. However, I do feel that clad coins have some beauty.

    “I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~

    My Full Walker Registry Set (1916-1947)

    https://www.ngccoin.com/registry/competitive-sets/16292/

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    WalkerfanWalkerfan Posts: 8,976 ✭✭✭✭✭
    edited March 8, 2024 3:03PM

    @conrad99 said:
    People can collect whatever they want.
    For some reason this bothers other people.

    I don’t care if people want to collect plastic holders. And I’m not saying that coins are a great investment, either (please let’s not open up that can of worms again! lol) . I just think they are a better place to put your money than plastic. But, I will never begrudge someone for collecting whatever they like.

    “I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~

    My Full Walker Registry Set (1916-1947)

    https://www.ngccoin.com/registry/competitive-sets/16292/

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    WinLoseWinWinLoseWin Posts: 1,481 ✭✭✭✭✭

    @airplanenut said:
    Well, uhhh...

    .
    .

    Well, it was offered at $63.00 but those dang bidders went and messed it all up. I'm sure they hate it when that happens. :o

    "To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin

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    braddickbraddick Posts: 23,128 ✭✭✭✭✭

    I'd imagine the proof edition of this 1986 is equally as scarce.


    Here are a couple of other 1986s:


    peacockcoins

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    jmlanzafjmlanzaf Posts: 31,997 ✭✭✭✭✭

    @Walkerfan said:

    @jmlanzaf said:

    @Walkerfan said:

    @coinbuf said:

    @ARCO said:
    I don't get it doesn't mean I don't understand that collectors buy holders at highly inflated prices, it means that I don't get how a collector's mindset is so out of whack to think that way at all. :)

    Do you get why you buy dirty tarnished old coins at highly inflated prices?

    True. But at least coins have intrinsic value, artistic beauty and are directly tied to American history. You can’t say that about plastic holders.

    Clad quarters have little intrinsic value, their beauty (or lack) are in the eye of the beholder, and the old holders are part of numismatic history.

    Your kidding yourself if you think your choices are any more rational.

    Numismatic history is only important to a numismatist. American history is important to a whole lot more folks. I agree with you about the clad being non-intrinsic but I don’t collect clad coinage, either. However, I do feel that clad coins have some beauty.

    You're missing the point. You rationalize your collection. It is not, in itself, rational. It is a passion, an obsession, a choice.
    At the same time, you are questioning someone else's passion or choice.

    As for "American history", there is very little embodied in a Washington quarter other than the symbols. A picture of the quarter is as historical as the actual quarter. The same is true in spades for GSA dollars that didn't even enter commerce.

    It is every bit as rational to collect a rare holder as it is to collect a shiny round disk.

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    blitzdudeblitzdude Posts: 5,464 ✭✭✭✭✭

    @Ripnrun said:
    Saw this listing and couldn't for the life of me figure out why it sold for so much

    Some people have more dollaz than cents. It's a crazy world. RGDS!

    The whole worlds off its rocker, buy Gold™.

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    fathomfathom Posts: 1,513 ✭✭✭✭✭
    edited March 8, 2024 6:38PM

    Yep, buy the holder not the coin is a marketplace reality.

    The question is, will demand for common material in low pop early plastic stand the test of time? So far....yes.

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    RobertScotLoverRobertScotLover Posts: 615 ✭✭✭✭

    Those crazy bidders, one in particular who won the item appears to be a shill bidder imo

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    BigAlBigAl Posts: 1,139 ✭✭✭

    @jmlanzaf said:

    @lobo54 said:
    ., a fool and his money......my 2¢

    The majority of people feel that way about your entire collection.

    So true! My entire family just doesn’t understand my love and fascination with the hobby. In their eyes I own a bunch of dusty old coins that I should sell before the people interested in buying them all die off…

    They don’t understand the hobby aspect of collecting, they only consider the economics. Same can be said of slab collectors. To each their own…

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    bob48bob48 Posts: 452 ✭✭✭

    braddick> @braddick said:

    I'd imagine the proof edition of this 1986 is equally as scarce.


    Here are a couple of other 1986s:


    Thanks for posting these.
    They are from my rattler set and I have had them for over 10 years now.
    I have always been on the lookout for any rattler with 1986, 87, & 88 dates, I did not even see this one on eBay or I would have bid on it.
    Currently, I have seen 1984 gold and 1987 gold but because of being in the rattler those were just way overpriced for me, but I have been collecting the rattlers for almost 20 years now.

    Bob

    *
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    erscoloerscolo Posts: 499 ✭✭✭✭✭

    Somebody was willing to pay the price. That is really all there is.

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    Cougar1978Cougar1978 Posts: 7,640 ✭✭✭✭✭
    edited March 11, 2024 10:24PM

    It’s a $62 coin PCGS Coin Facts - why did it go for $775? - way out there ROFL. Perhaps bid war bc of the tarnish / rich collectors.

    I have cracked rattlers to get higher grade sometimes but hate them / the way the coins will rotate.

    So Cali Area - Coins & Currency
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    DelawareDoonsDelawareDoons Posts: 3,254 ✭✭✭✭✭

    @braddick said:
    As American Silver Eagle were (and still are) bullion coins and PCGS charged more than the silver value of these eagles back in 1986- very few were sent in by dealers to be graded.
    Remember too, back in 1986 a collector had to submit through a dealer.
    -The value to cost ratio just didn't add up favorably.Keep in mind too Rattlers changed out after 1987 and thus 1986 is the only year (I believe) to locate one of these in the first generation PCGS slab.

    Fast forward to today and the collector who is chasing one of these down for a Rattler type set will have a difficult time locating one and when they do appear, sell for more than what most other non-interested collectors would consider reasonable.

    Rattlers ran into the spring of 1989 as I recall. I'm sure somebody here knows the exact month, but I can't recall.

    Short and sweet, ASE's are one of the stoppers of the rattler type set. That's why it sold for a ton.

    Call us plastic guys crazy, but being a plastic and coin guy is really paying off these days. Happy hunting!

    Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."

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    ARCOARCO Posts: 4,313 ✭✭✭✭✭
    edited March 13, 2024 7:07AM

    @coinbuf said:

    @ARCO said:
    I don't get it doesn't mean I don't understand that collectors buy holders at highly inflated prices, it means that I don't get how a collector's mindset is so out of whack to think that way at all. :)

    Do you get why you buy dirty tarnished old coins at highly inflated prices?

    Yes, because I am buying a piece of history. The dirt, patina, etc reflects how that piece of history went through time and arrived to me in this moment. If the coin were removed, what price would you pay for the plastic holder without the coin inside?

    and...my post was tongue in cheek. I am a coin addict, acting totally irrational all the time when it comes to coin collecting. Of course I understand people who buy the plastic holder. I get it right into my very core. :)

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    rnkmyer1rnkmyer1 Posts: 525 ✭✭✭✭✭

    “Rattlers” aka PCGS Gen 1.2, ran from 2/86-9/89. They were replaced by the “Doily”, which ran for about a month.

    “The thrill of the hunt never gets old”

    PCGS Registry: Screaming Eagles
    Copperindian

    Retired sets: Soaring Eagles
    Copperindian

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    mr1931Smr1931S Posts: 5,975 ✭✭✭✭✭

    Buy the bullion, not the holder. >:)

    Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein

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    mr1931Smr1931S Posts: 5,975 ✭✭✭✭✭

    @RobertScotLover said:
    Those crazy bidders, one in particular who won the item appears to be a shill bidder imo

    oops. :#

    Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein

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    WalkerloverWalkerlover Posts: 713 ✭✭✭✭
    edited March 14, 2024 3:50PM

    @Walkerfan said:

    @conrad99 said:
    People can collect whatever they want.
    For some reason this bothers other people.

    I don’t care if people want to collect plastic holders. And I’m not saying that coins are a great investment, either (please let’s not open up that can of worms again! lol) . I just think they are a better place to put your money than plastic. But, I will never begrudge someone for collecting whatever they like.

    My personal opinion is the coin comes first than the holder. I do like the older holders though and think they add to the market value and overall appeal.

    I would never buy an older holder without the coin being great as well. Conversely I will buy a coin that has super eye appeal even though it isn’t my preferred holder. My ideal situation is buying a coin with great eye appeal in a scratch free pristine older holder.

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    ashelandasheland Posts: 22,694 ✭✭✭✭✭

    I wouldn’t mind having one in a rattler, but I definitely wouldn’t want that one. The milk spots kill it for me!

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