50% over CDN wasn't enough to win an ebay MS65 saint tonight

roadrunner

I thought that this first gen PCGS $20 MS65 saint would slip by and be a bargain...but one other person was lurking out there above the $1300 level. These go for $1050-1100 for generic ones. My $1525 bid was not enough to take it. Someone else slipped it in there.
Coin looked like a stone cold MS66. Better luck next time I say.

Last time I saw one like this I bid the competition up to $1800 over a few hours just to see who was more stubborn....or stupid. And it turned out the other guy was. This time I just sat back and waited and tried to rip it at $100-250 over bid. Close...but no cigar. PQ looking coins (whether PQ or not) can bring nice premiums. With ebay as long as it looks like it might be good...that's all that matter.
We don't really know what the scan could be hiding.


roadrunner

killer looking first gen PCGS 65 saint

DesertRat

Link??

roadrunner

There's your link Desert Rat.

RR

khayse

Roadrunner,

Glad to see it's not just me.

I had my max bid beat out a couple days ago on the upcoming Heritage auction.

I went back today and now I'm bidding just for stubborness. I'm currently high bidder and kinda hoping someone beats me out now.

-KHayse

Theop

Question.

The pictures are pretty small...

Would you have bid the same if it weren't in a rattler?

Basically, I am asking if you made your determination that it was worth more than greysheet value based on the pictures or the old holder.

jom

<< <i>Question.

Would you have bid the same if it weren't in a rattler?

Basically, I am asking if you made your determination that it was worth more than greysheet value based on the pictures or the old holder.
>>



Good question because I see people paying way over bid for rattlers all the time. I hope they saw the coin first had before they bought because you simply cannot see the difference in a 65 and 66 from ANY picture let alone that one, IMO.

jom

khayse

I would link you to my 1st generation holder battle zone but I think the wife has banned Heritage from working with my browser.

-KHayse

roadrunner

I wouldn't go over $1150 unless it was in a rattler or old green tag holder. The rattlers are obviously best. I've purchased 63's that put some 65's to shame. This one appears to have superb luster, color and blast. That's what 66's or 67's are all about. Only thing left is marks. And based on how they graded them back then, this would have few marks to start with. 4 bidders saw this as a PQ+ MS65 and 2 others as a shot 66.

This was also being sold by what appeared to me to as a seller who doesn't specialize in these. If it were say a Hamrick, TNFC, HNAI, or any well known dealer who I know grades well, I wouldn't have gone near it at more than 10% over sheet. Guess I'm going by an overall gut feel that the coin is fresh to the market. Stacks auctioned up such a group of saints last year or late 2002. They were nearly all first gen coins but the catalog made no mention of that. I bid blind by mail on around 60 pieces and ended up with about 20 total. Nearly every one was a first gen and most were very nice. Over 3/4 of the first gens upgraded. Probably the 40 I missed out on were the real undergrades.

I'm sort of miffed I didn't bid $1650. The ones that get away always haunt you to some extent.

roadrunner

DesertRat

Nice luster, but impossible from that pic to see much else. Too bad it's not an S

roadrunner

All depends on what you are looking for in the pic. I see quite a bit in those scans, dazzling luster, unchattered and very clear major obv fields, no obvious marks on the reverse, especially the sun which is normally scuffed. The multiple swaths of luster up and down the eagle are not usually seen so bold on MS65's today. And still the thought that first gen coins are graded by a totally different standard, usually 1 point different than today's. Yup, it's a gamble to be sure, but one I feel placed the odds in my favor. If the coin is not a picked over one, the chances are imo >80% of being a grade higher.

roadrunner

Garneteye

Looks like you got one from the same seller back in April, how was it?

Dan

roadrunner

My recollection of the saint from April was good, though at the time I paid a lot as the market soon began sinking. I have a number of first gens still stockpiled to send in at some future point.

Well the odds of winning this are better than any lottery. So this is my simple way of getting the juice.

roadrunner