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Picking the good coins, with a little CAC help
DMWJR
Posts: 5,975 ✭✭✭✭✭
I was watching this BM auction closely. A gold stickered 63 FE 1856? WOW. Is it more associated with a 64+ or a 65? Who wants to risk it? It really looks like a beautiful coin though.
Doug
4
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Very sharp looking coin, and that CMQ-X certainly adds to the appeal.
Your hobby is supposed to be your therapy, not the reason you need it.
I’ve never bought a gold stickered coin due to the risk you point out in getting it upgraded. Absolutely no doubt it would upgrade to a 64, but it will sell for higher money. My guess is it will sell for around 64+ money, and there’s a good chance it can upgrade to that 64+, but as you say, there’s some risk to that. If I were to buy it, I would absolutely not pay 65 money, even though it might upgrade to a 65. I’d just buy a 65 with a CAC (if one can eventually be found, lol).
Steve
My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
The coin sold for $23,400 - not a huge premium. The PCGS price guide values in PR63 and PR64 are $19,000 and $24,500, respectively.
Heritage auctioned a PCGS/ (green stickered) CAC PR63 example for $19,020 this past January:
https://coins.ha.com/itm/proof-flying-eagle-cents/1856-1c-snow-9-pr63-pcgs-cac/a/1371-3130.s
And Legend auctioned a PCGS (green stickered) CAC PR65 piece for $31,725 in January of last year.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Nice looking coin.
Sold $23,400
Lot Description
Premium Proof 1856 Flying Eagle Cent
Finest of Just Three Specimens with Gold CAC Approval
1856 Flying Eagle Cent. Snow-9. Proof-63 (PCGS). Gold CAC. CMQ-X.
i would love to have a coin like that in my collection, just saying
Very nice. Does the $23,400 include the 20%BP? I know the bid was at least $19k before live bidding even opened.
https://pcgs.com/setregistry/showcase/2819
Yes it is a nice looking coin! I had no financial interest in it. Someone got a really nice coin for a reasonable price, IMO. Is it possible to submit to PCGS with a min grade of 65? The owner might have tried that a few times and deduced that a gold CAC 63 would be the lower cost / better option than a 64 and a potential for no green bean, and only a 65 would make financial sense.
I’m not saying it should get a 65. It does have 4-5 ticks here and there. But it’s my experience that the coins with “the look” are the ones that get the beans. I’m guessing this would had really good eye appeal.
GREAT coin! Although at this level, I think 2 grade jumps are unusual, if not rare.
“The thrill of the hunt never gets old”
PCGS Registry: Screaming Eagles
Copperindian
Retired sets: Soaring Eagles
Copperindian
Lovely coin, I think you did well on it too. I was eyeing this one up but I had to keep dry powder for the Heritage auction.
Type Collector of U.S. Pre-33 Gold https://instagram.com/deplorable_dan Successful transactions with- @drfish, @Cladiator, @johnny010, @Pedzola, @PerryHall, @2windy2fish, @Ike1964, @JohnThePainter, @rpmsrpms, @REALGATOR
I didn’t buy it or have a financial interest, or post this until the auction was over. It was most important to me because it is a very important coin in the small cent series, with a gold CAC. That combo is something I haven’t seen before.
Lovely piece
Dan, you’re buying copper now!?
Nothing is as expensive as free money.
If Clark Gruber or Moffat made copper, Dan would back up the truck.
Lol, I've been strongly considering it but then some more gold came up that piqued my interest. There's something about flying eagle cents that's been calling my name though, eventually ill pull the trigger on one.
Type Collector of U.S. Pre-33 Gold https://instagram.com/deplorable_dan Successful transactions with- @drfish, @Cladiator, @johnny010, @Pedzola, @PerryHall, @2windy2fish, @Ike1964, @JohnThePainter, @rpmsrpms, @REALGATOR
So from Gold to Copper, AND from large coins to tiny coins - what have you been "drinking"?
Steve
My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
@ winesteven
joking... right?
Experience the World through Numismatics...it's more than you can imagine.
Yes, my comment was intended to be humorous, due to the potential BIG changes in targeted coins.
Steve
My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
>
Okay buddy, if you move out of gold, I’m first up for that Kellogg! Just saying!😉👍
Somewhere I remember reading that a gold sticker means at least one solid/strong point above the grade listed on the holder. If so, then this is at least a 64+, but realistically probably at least a 65-, would it green bean at 65?
Best, SH
Successful transactions with-Boosibri,lkeigwin,TomB,Broadstruck,coinsarefun,Type2,jom,ProfLiz, UltraHighRelief,Barndog,EXOJUNKIE,ldhair,fivecents,paesan,Crusty...