What ONE coin do you own that's worth the highest premium over ANY price guide?

MrEureka · May 31, 2003 1:39PM

What ONE coin do you own that's worth the highest premium over ANY price guide?

While we're on the subject, WHY is it worth so much more?

tradedollarnut · May 31, 2003 1:48PM

Percentage or dollar value? What if it's unlisted in any price guide? Let's get the groundrules straight!

dragon · May 31, 2003 1:53PM

About 45X Greysheet bid for a common date Morgan with color.

dragon

barberlover · May 31, 2003 1:53PM

my 92 s barber in my opionion is the best of the 2 pcgs 66 coins and is probably capable in a hot market of bringing much more than any price guide says it's worth. my totally unbiased opioion

MrEureka · May 31, 2003 2:11PM

Percentage or dollar value?

Either. It's not really a contest, it's just interesting. But let's leave out the coins that list under $100 or over 100K, OK?

What if it's unlisted in any price guide?

Wing it. Nobody's going to get in trouble tonight, except maybe me for insinuating that a price guide could possibly be wrong about something.

Blade · May 31, 2003 2:13PM

OK, I'll bite. This isn't worth a lot of scratch, but you did say highest premium over price guice...

1938-D 5c NGC MS65. This is a $40 coin greysheet and there are over 30,000 graded in 66, so it is as common as dirt.

However, this is a toned beauty - lemon yellow obverse and neon baby blue reverse. I have been offered $200 for the coin, so 5X over price guides.

Having trouble with the pic so you'll have to take my word for it.

coinlieutenant · May 31, 2003 3:00PM

That 1837 Half in MS62 commands a significant premium over due to its beauty. That would probably be the one most over percentage wise. Blue sheet is 640. I paid 1915 and have been offered 2300 already for the coin.

Total pricewise is probably my 1871 Proof66 Cam trime. Bluesheet is 1300 and I paid 4100 for it. It is absolutely stunning though. A total wow for originality, hard mirrors, should be a DCAM. It is a crimson gem.

John

rays · May 31, 2003 3:49PM

The 1796 no stars quarter eagle is currently listed at $38000 in XF40 in Trends. However, even gray sheet bid is $45000 and one can't be had for that price.

ANACONDA · May 31, 2003 4:26PM

I bought a Proof 69DCAM Washington Commem (1982) and paid something like 360 times sheet for it

The guy who sold it to me, a dealer, missed it so much he bought it back from me.

It is a coin i will remember for the rest of my life. Coins like this are worth getting and holding on to.

In fact, i seriously wonder why anyone buys average coins. Actually, i know why. They have not had time to digest the joy that stunners
bring and the slight premium they command vs. the boredom of average coins....even though they're cheap.

The problem is a lack of confidence. Confidence in terms of their ability to determine worth and their confidence in their ability to sell the coins for full value when the time comes.

Imagine this: You have been invited to dinner to two places in the same evening. You can look at Jim Halperin's personal collection of
just 20 coins that he has set aside over the past 30 years - each one of them being the most special in terms of eye appeal that he has
seen, or you can look at a collection of one hundred million dollars worth of circulated common date Morgans. Get my drift?

Here are images of the Washington commem:

clw54 · May 31, 2003 4:30PM

ANACONDA, I just lost time looking at that one. The reverse looks three dimensional. It's almost hypnotic.

braddick · May 31, 2003 4:33PM

<< <i>I bought a Proof 69DCAM Washington Commem (1982) and paid something like 360 times sheet for it The guy who sold it to me, a dealer, missed it so much he bought it back from me. Since he was a friend, i sold it back to him for a very small profit. It is a coin i will remember for the rest of my life. Here are images of it:

>>

Adrian, Jack Beamer (I probably misspelled his name-) had this one featured in his case at Long Beach. It stopped me dead in my tracks. It was fun to see such a stellar Contemporary colorful Commemorative surrounded by classic Bust/Seated and other raw material. Very pretty coin!

ANACONDA · May 31, 2003 4:35PM

Last i heard, Jack Beymer and GSAguy owned the coin jointly.

ANACONDA · May 31, 2003 4:35PM

I should probbaly buy it back from them.

stman · May 31, 2003 4:36PM

That Wash. Commem. Last I know of Beymer and Gsaguy each own half. I have seen this coin and held it probably 3-4 times.

ANACONDA · May 31, 2003 4:37PM

I bet there are not too many coins made after 1980 that so many people are familiar with. I mean there must have been 100,000 coin in cases in Long Beach yet you remember this one. Interesting.

ANACONDA · May 31, 2003 4:38PM

What's up, stman?

Yes, Jack said he knew you. In fact, you were interested in a mint state Barber Qtr with blue rims that he saw of mine in January and he
gave you my number as he knew of your interest in either that date or nice Barber Qtrs and that's how we got to know each other.

stman · May 31, 2003 4:52PM

I've known Jack Beymer for many years. He still has the same store location and the same Manager that runs things for him. Both are pretty sharp.

barberlover · May 31, 2003 4:53PM

the analogy of either taking high eye appeal monsters or ho hum circ coins leaves out high end pq coins that don't have monster color, but do have very pretty color. you have some good examples of what i mean on your website; the 1875 s 20 cent piece in 64, the 1891 proof 66 seated half. i think both those coins are pretty pq color coins that aren't monster colored. Of course there are so few coins [other then rainbow morgans] that i actually consider to be monsters, maybe there are enough people who will pay whatever it takes to buy them all, but there are certainly more choices then monsters or crapola. just my insomniac opionion les

hookedoncoins · May 31, 2003 5:29PM

ANACONDA... I remember that ebay auction... when a board member (Supercoin?) was selling it and it ended up $10 short of $1,000. Definately is a stellar piece. Almost seems to evoke a sort of patriotic reverence toward Washington.

-Jarrett Roberts

ElectricEye · May 31, 2003 6:41PM

A Henry Bass PCGS MS64 Morgan with reverse toning that can be best described as the eagle coming out of blacks that fade to reds ~

islemangu · May 31, 2003 10:09PM

MrEureka, I am curious, did you intend this thread to focus on the premium of eye appeal toning as the cause of highest premiums over price guides? How hard would it be to answer this if we ruled out toning?
What coin do you own thats worth the highest premium over price guides but not because of toning eye appeal?
Thats a tough one.

tradedollarnut · May 31, 2003 11:57PM

That's what I thought he meant. I have several seated dollars that are worth 4-5 times price guides because price guides are hopelessly out of date in upper grades for that series

maddogale · June 1, 2003 12:12AM

For all those pics of toned beauties, Thanks!!! Loved that commem, Big Snake!!

But as I read the post, I felt the title meant worth as in what I felt it was worth, since worth is a matter of personal taste. For me, I have the greatest attachment to a common date IHC housed in an aluminum "token" which was a part of the 1912 (date?) World's Fair in St Louis. This was given to my grandmother who gave it to me when I started collecting coins as a kid. The coin is dark and has some scale of sorts on the reverse from the reaction of the copper and aluminum, but the details are still fairly sharp, and for me, this coin is worth way over any price guide for sentimental as well as historic reasons.

ANACONDA · June 1, 2003 1:56AM

"I have several seated dollars that are worth 4-5 times price guides because price guides are hopelessly out of date in upper grades for
that series"

That's one of the problems with the coin market - inaccurate price guides. There are many coins that are worth far more than the price
guides state - the problem is that it is expensive (i.e. time consuming) to determine what even in general terms a particular average
coin is worth in a particular grade (let alone a spectacular coin in a particular grade). The newness of certification is one of hte
problems. One would think though, with computers, price tracking would begin to be easier.

MrEureka · June 1, 2003 2:31AM

MrEureka, I am curious, did you intend this thread to focus on the premium of eye appeal toning as the cause of highest premiums over price guides? How hard would it be to answer this if we ruled out toning?

Yeah, I blew it. I should have excluded PQ coins. I'm trying to identify coins that consistently trade for much more than indicated in the various price guides.

supercoin · June 1, 2003 4:57AM

Didn't realize that GW commem was so famous!

I bought it raw from yet another dealer and certified it. I guess it's never been owned by a pure collector... probably won't resurface once it is.

The collector side of my split personality hung onto it for 2-3 years before succumbing to the dealer side.

tradedollarnut · June 1, 2003 5:04AM

A local dealer has a page of ASE's in a Wayte Raymond album. Every once in a while, I go in to look at coins and he pulls it down from on top of the light above the display case to show it to me. Much of the toning looks very similar to that commem.

Dancing in the grey area between acceptable and bodybagged AT, huh?

What ONE coin do you own that's worth the highest premium over ANY price guide?

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