This looks like Anacondas kind of coin

jbsteven

will he like it or not?

will he approve or not?

roadrunner

I hope Adrian doesn't approve as this coin was worth $3220 back in February when it sold as lot 510 in the Benson sale as PCGS64. Granted, we all talked about this coin on the forum and what it would bring. The coin was a technical 65++ coin with great color. A 66 grade would seem reasonable based on the price it brought.
I bid $2525 for the coin and got blown out of the water. I would have loved to own it. PCGS was out of its mind when they graded this 64. It was a stone cold 65+ gem on any day of the week......
except the one day it was graded at PCGS.

The owner who cracked it out got an extra surprise as an NGC67. I think it was also in Pinnacle's inventory shortly after the sale. Asking $10,000+ for the coin seems like a bit much based on its recent history. I've seen the Hiflyer name around, anyone know who this is?

roadrunner

jbsteven

nonetheless it is a nice coin. I guess it would be hard to forget a coin with toning like that!

did/does he like it?

roadrunner

The coin is positively stunning and one of the most beautiful seated dimes in existence....and it has real strong luster under that toning.
I know Adrian will like the look of the coin. It's also possible that multiple bidders split the coin to keep it from getting run up too far and spoil all the fun and profits.

roadrunner

barney

Reading this makes me scratch my head about this toning biz. As you may know, I traded for a PCGS 64 '86-P Monster Morgan in September. The coin's selling price at that time was $2500. I sent it to Adrian who said it MIGHT make NGC 65 but had no chance at PCGS 65. He was nice enough to scan it so that I could show it to you all. Now, I don't know how this relates to this awesome dime, but there is a parallel. A three-point jump from PCGS to NGC? Wow! How does this affect other super-toned coins that are housed in PCGS slabs? How will the market react to this?

I simplified things. After finding a NGC 63 '84-CC with nice obverse colors, I set my sights on a gold type set. It's going well.

Thanks,
Barney

braddick

roadrunner, I've purchased one toned Morgan through this Seller and his communications via email and over the phone were top notch and the coin all he stated it was. No disapointments.

roadrunner

I wouldn't be disappointed owning this coin at strong 66 money.
It's the extra 100% that I would not be able to reconcile figuring that
no one in the auction room other than the high bidder(s) on this lot thought it was worth over $3200.

As far as the 3 point jump from PCGS to NGC that is strictly smoke and mirrors by PCGS itself. That's just to add to their hype about being the rougher grading service. But they were STUPID to grade the coin 64. I'd have paid $2500 for the coin raw and was in essence doing that with the coin in a 64 holder. And on what the coin brought it was a very high end 65 or lower end 66 as a minimum. NGC gave the coin a one point color bump......not 3 pts. And if resubmitted to PCGS that coin would eventually end up as a 66 in their holder. This wasn't the only monster mint state coin they did this too in Benson either. There were also some 65 seated dimes from Benson that didn't hold a candle to that 1853 in MS64. But yes, NGC is giving up to a point for color and eye appeal.

roadrunner

EVillageProwler

Oops... I accidentally typed a PM as a post...

NBSQLGeek

This guy selling the coin is from Pahrump NV no one lives there. The person should of just said Las Vegas NV so we would actually think this person really does have the coin.

Ronyahski

Fair to say that coin is a legit 66, with NGC giving it a 1 pt bump for color. Also fair to say that PCGS had their collective head up their collective arse when they graded the Benson collection. Anyone who saw this coin would love it, including Adrian. Now it's also a fairly large chunk of change.

ANACONDA

You honor me with your post. It's nice to know people know of me. Thanks!

The coin -- a truly stellar piece from what I can see in the scans - I have never seen the coin in person. No doubt about it, a real beauty. Probably the most eye-appealing exemplar of the date and type.

I love bullet toned coins. I can just see them peering up at me in a Wayte Raymond holder sitting in the bottom of a dusty safety deposit box.

So, either a PCGS 64 or an NGC 67.......hmmmmm. My suspicions are that it is more "at home" in the 67 holder than the 64 holder. My suspicions are that PCGS may have simply over-reacted to one small short-coming the coin had.

Interestingly enough, just this morning I read something David Hall is quoted as saying about the grading at PCGS. It appeared in Scott Traver's book entitled:

"How to Make Money in Coins Right Now" which was published in 1996.

He is quoted as saying: "One of the sayings in the grading room is that eye appeal adds a little and forgives a lot. So good-looking coins will do the best at PCGS." (page 155)

That brings up two thoughts in my mind. One I've been promulgating - the idea of doing away with consensus grading and ushering in grading by averages.

The average of 64 and 67 ends up giving us 65.5. Give it a 65.5 or round up to a 66 and maybe that would be a better grade i.e. more consistently replicable.

Another thing it brings to mind is the effect conversation has on the evaluation of a coin. People are affected by what others say. Truly objective grading would in my mind, require a lack of interaction.

Yes, accuse me of making a mountain out of a mole hill, but the fact remains, people like to talk and I didn't need evidence that the grading room is also the coffee room.

And talking adds influence. And when you're talking about a $10,000 coin, I'd rather each grader render an objective opinion about the quality of the coin.

You don't see the Russian judges talking to the Afganistan judges in the judging booths at the figure skating rink at the Olympics.


All things considered, PCGS is generally too conservative and too technically oriented regardless of what is said about their interpretation of eye appeal and NGC is more on the money, in my opinion, but buyers like undergraded coins so PCGS coins sell for a premium, generally speaking.

wingedliberty

This seller also has other high caliber material, including very formidable colonials.
There is a superb PCGS Washington Military Bust with a seated reverse (rotated die). It has
an amazing strike with deep chocolate color. Simply superb.


Brian.

Loki

<< <i>You don't see the Russian judges talking to the Afganistan judges in the judging booths at the figure skating rink at the Olympics. >>

...they don't need to; not with that French judge sitting in between them.

jbsteven

ttt

agentjim007

Anaconda's kind of coin? Give the rest of us credit it's 99% of us kind of coin we just don't have the bucks to throw at it.

jbsteven

title now edited to read:

This looks like like Anacondas pricerange coin but we would ALL like to own it (especially Agentjim007 in the back jumping up and down saying me too damnit)

coinguy1

Gentlemen,

Roadrunner was correct about this coin having been in our inventory. I bought it in an NGC MS67 holder, knowing what it had brought in the Benson sale and was perfectly happy (though not as much so as if I'd paid $3000, for instance!) to do so. It is absolutely exquisite and I had no problem with the MS67 grade or I would not have purchased it.

KoinKollector

Ive seen the coin in person. Its a great piece. I talked to Hiflyer and he states "Its not the same coin", only it is... There were a few coins in benson that had better color than this one, but def in the top 5

agentjim007

This looks like like Anacondas pricerange coin but we would ALL like to own it (especially Agentjim007 in the back jumping up and down saying me too damnit)

OK, I feel better now