Frankie gurus- Need a market price on a 1958d FBL 50c. Pics Added!
Tonekiller
Posts: 1,308 ✭✭
At Long Beach we sent in and received back a very nice 1958d mint set. The 50c made MS67 FBL and I am finding some very high prices for that grade in blast white. Of course this coin has very nice rainbow colors as does the MS67 25c and MS68 10c……
TBT
TBT
0
Comments
<< <i>At Long Beach we sent in and received back a very nice 1958d mint set. The 50c made MS67 FBL and I am finding some very high prices for that grade in blast white. Of course this coin has very nice rainbow colors as does the MS67 25c and MS68 10c……
Wow, NTC got your submission back fast!
----------->Just kidding.
peacockcoins
They are ICG coins and the 50c and 25c are good for the grade but the 10c I feel is a MS67. GREAT COLORS!
So whats the price or are you going to insult me again like you did at the PCGS lunch?
TBT
Do you also feel the Franklin is a PCGS-MS66FBL coin?
Wondercoin
I feel the 50c is an MS67 FBL coin period (grade the coin not the plastic) but have not nor will send it to PCGS. The 25c x2 are also good MS67 coins. All have the same type of rainbow toning.
TBT
ML,
I bet you also have a bridge in NY to sell me also.
TBT
Will I see you in Baltimore this week ?
Tim
3 to 4 K is not unheard of for a very solid coin that has it all, even, non-splotchy color, great luster, superb strike. The stigma is that a lot of advanced collectors alway assume a point lower for ICG. If you get a newbie, with a lot of money, they are very liable to spend stupid money.
Franklin's have a lot of advanced, fanatical followers, but they are like Lincoln penny collectors.
It's hail Mary time!
No I am not going to Baltimore but will be in NC for a few days buying.
TBT
MadMonk,
I would agree but we sell these types of coins on approval so the buyer gets to see the coin before sending monies.....win/win. The coin in blast white would be a MS67 FBL as the color on the 50c is only B grade......but I am just looking for a base price. The color on the 25c's and the dime are A+.
TBT
WH
TBT
<< <i>No, but I've got a bridge in FL. I'll trade you even up on LOL. >>
Funny! So what is the 50c's market value?
TBT
As for the atual condition of the coin....
I would also think it would be worth a shot with PCGS if you feel strongly about the coin.
Work it!
peacockcoins
Also, you may want to keep an eye on these ebay ICG 67's as a reference, none with any takers at starting bids far less than PCGS pieces would fetch. I don't think the lack of FBL designation on some of them has much to do with the results.
1954-S ICG MS-67
1956 ICG MS-67 FBL
1958-D ICG MS-67
We gave them a set of 20 coins to test the service. I am sending the ICG set to a fellow dealer and he will offer his review after Monday next. I will update as to the grade.
TBT
GSAGUY
<< <i>And which kind, generous, good looking, and dare I say, modest, dealer sold you this exceptional set for a wonderful price?
The one with the attractive, thin tie?
peacockcoins
<< <i>And which kind, generous, good looking, and dare I say, modest, dealer sold you this exceptional set for a wonderful price?
GSAGUY >>
GSAGUY- Did you see the coins grading that high?
I do not think either of us expected all the grades on the mint set.........but neither of us specialize in moderns either.
TBT
I looked at the coins but I'm such a lousy grader on moderns that I really didn't worry about it. I bought the set at a good price, it possessed decent color, and I passed it along to Tonekiller at a price that I believed would allow him to make some money as well.
Thanks for the post.
GSAGUY
TBT
"Senorita HepKitty"
"I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
<< <i>I guess they are moderns to me as well, my Calender just changed to 1957. >>
................................................what?.......1957?????.......mine says 1955..........
<< <i>Mike,
I do not think either of us expected all the grades on the mint set.........but neither of us specialize in moderns either.
TBT >>
TBT- I really don't mean to be argumentative, nor do I mean any disrespect. However, on the first page you say, "They are ICG coins and the 50c and 25c are good for the grade". Then you say, "I feel the 50c is an MS67 FBL coin period (grade the coin not the plastic).
Then you say the above quote. If you didn't expect such a high grade and you don't specialize in moderns either ( I agree with Greg that a Franklin is not a modern, but that is another matter), then I have to wonder how you can be so confident in the coin's grade.
Many here know I really like and defend the ICG grading of Franklins. However, I'm no fool either. Anytime, and I mean anytime, I can crack a coin out of an ICG MS-67 FBL holder, put a grading fee, postage and insurance into it, and turn it into a $3,000+ coin, I AM GOING TO DO IT! Would like to do it about once a month. Gotta' wonder.........
Good point on the personal grading statement. Let me clarify by saying that I have had the coin reviewed by several dealers / collectors who do specialize in Franklins. With this added input I feel comfortable backing the grade......as far as sending the coin to PCGS......it will not happen with me as we do not use PCGS anymore. To many grading fee's wasted without explanation over the past year. This might change with the new policies PCGS is starting but we will wait and see for a bit.
eagle7,
Unfortunately these are the types of comments I have come to expect from your post. Short, inflammatory, assumptive, and baseless. Please review the title of the thread and you will discover I asked for a price for a 1958d Franklin in blast white. I purposely did not post the certification company in the beginning as it was irrelevant to my question.
You are entitled to your feelings on certification companies and the toning of coins but not entitled to infer that myself or company would engage in a direct violation of the ethics of a sale.
TBT
MadMonk,
Agreed. This is one of those coins that the buyer or dealer is going to have to see and make an offer on in an approval type setting. This will protect everybody in the end. The set is on ist way for an approval deal and offer to a top dealer of this type of material. I will update the board on the final outcome.
TBT
<< <i>MadMonk,
Agreed. This is one of those coins that the buyer or dealer is going to have to see and make an offer on in an approval type setting. This will protect everybody in the end. The set is on ist way for an approval deal and offer to a top dealer of this type of material. I will update the board on the final outcome.
TBT >>
Very good, and best of luck. I hope that you get what you think it's worth. I am also very interested in how this coin progresses to a sale. You never know what a "hail mary" on ebay, for good money would bring. That would be a fascinating study. Looking forward to your update, and again, best of luck!
I've looked at the piece extensively from the scans, and obviously my commentaries will be based on the scan alone, which does no justice to actually seeing the piece in person. What I see is this:
The piece is in excellent condition, certainly deserving of at least an MS66FBL grade. The toning is appealing, though not drop dead gorgeous, and therefore the quality of the coin stands on it's own merits.
As for whether it would be acceptable to Franklin collectors as a bonafided MS67FBL, that's where I have to hedge my bets a bit. On the obverse of the coin I see what appear to be a couple of minor flaws. One on the lapel that looks like a reed indentation, and a minor scratch in front of Franklin's chin. On the reverse I see two hits on the eagle with what appear to be some very miniscule hits on the bell along the lines.
Now, the problem arises as to what is actually market acceptable for MS67FBL. As you know there are painfully few examples of Franklins in this lofty grade, and the ones I have seen, which have been graded by PCGS are next to flawless. My comment would then be that as an avid collector of Franklins, given the volatility of the market at these lofty grades, I would not risk $4,000-$5,000 on a piece in an ICG holder, given these, admittedly very minor flaws. The trouble is that there is a vast gulf in price between and MS66FBL and an MS67FBL, and as such, the coin would have to be a no-doubts-about it coin.
Therefore, even though I haven't seen the coin in person, I would tell you that with these minor flaws, in my mind the coin would rank as an MS66FBL ++ and would price the coin justifiably in the $1500-$2000 range.
Frank
Based on Franks comments, and the fact that This ICG piece initially didnt do it for me, it demands further study, and consideration on my part.
"Senorita HepKitty"
"I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
"Senorita HepKitty"
"I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
"Senorita HepKitty"
"I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
Liberty: Parent of Science & Industry
Please note that several of the marks are reflected from scratches on the case. The most notable is above the forehead. Under a 10x and 30x scope the coin is virtually spotless.
My email is borsborn@txucom.net
I did not post the pictures as I felt the thread would turn into a certification company comparison discussion and digress from the subject of market price………
TBT
Baley,
No that is not the coin.
aaahh, but the two are related!
PCGS generally has the highest standards for 67 Frankies, then NGC (but the two are very close, and there are instances where NGC is tighter than PCGS).
The others are all over the map, yes ICG probably 4th after ANACS, but they lost a lot of their reputation by slabbing too many clad coins as MS69 and PR70, imo.
as far as market price, depends on the market, the toning is a wild card, but imo, that too isn't as highly certified, obviously mint set or not, as it would be in an N or P holder.
Liberty: Parent of Science & Industry
<< <i>
aaahh, but the two are related!
as far as market price, depends on the market, the toning is a wild card, but imo, that too isn't as highly certified, obviously mint set or not, as it would be in an N or P holder. >>
If you take the coin for the grade (just take it as a fact for the sake of the thread) it is going to fetch a base price in blast white. We sell high grade coins to collectors all the time who routinely crack them out for their raw sets.
They buy the coin and not the plastic.
Little repeat of the history of the coin.......Bought it on dealer day of the LB show from GSAGUY, Submitted it with a test set to ICG same day at $15 per coin as a test. Several of the group came back with very high grades. The majority of the group cam back MS63-66 (FBL and non)
As of this week while going through over 400 new coins purchases both raw and slabbed we decide to post a thread to ask this coin price for the grade given. If the coin warrants it and is not sold quickly it will go to NGC for a cross. Again, the reason its not in a NGC slab is b/c of the time to research and resubmit it.
TBT
A: the slabbers need to certify decimal grades between 66 and 67., and
B: until then, the 66 is a waaaaay better deal.
jmho
Liberty: Parent of Science & Industry
Forget the plastic and just price the coin as if its a lock on the grade.
TBT
peacockcoins
We'll use our hands and hearts and if we must we'll use our heads.
Sight seen could go either way. If knowledgable collectors/dealers don't agree with the grade then the offer could even be lower because 58-D's with color are pretty common. If one of the well known crack-out artists thinks it would cross or re-grade the same at PCGS then it would be worth a quick couple thousand to you. But unless that happens I believe you will end up selling it for much less than you are currently anticipating.
You're asking around here for prices, certainly you've consulted thoroughly with some of the specialists you work closely with. Tell us what they said. While you're at it, ask them how much this one is worth, thanks.
1958-D PCGS 67 FBL