A generic MS64 saint fetches $1900 at LB auction

roadrunner

I was surprised too. It's interesting to say the least when a generic coin sells for 2 grades higher in a slab. This PCGS MS64 saint brought essentially sight unseen MS66 money. And frankly, the photo of this one is not all that impressive either.

PCGS MS64 Saint

Overall the prices were sort of strong on the MS64 generic gold.
Most of the pieces realized $720-$950 for PCGS Saints. Either these were an old time grouping (a number were green tags) or there were several shot takers looking for action. Just goes to show that nothing is generic and it's the coin, not the slab when there is real competition. The generic lower end NGC pieces however brought the least with MS65's fetching as low as $1000-1050. The MS66's were surprisingly solid in the $2000-2300 depending on the date.

roadrunner

BillJones

They must have been buying the light green label on the holder. You can find conservatively graded coins with these labels, but getting a 2 point upgrade is still really pushing it.

Maybe the guy was one of these anal retentive types who has to have the same color label on all of his coins. In a relative sense this color shade is kind of rare.

roadrunner

I've sold a few first gen MS63 PCGS $20 saints for MS64++ money but never for 90% of MS65 money. This coin had to be a great 66 shot to bring that kind of money. Or at least 2 bidders "thought" it had a 66 shot. And as a rule, the green tag holders almost NEVER go up 2 MS grades from 63 or higher. That happens far more often in the first gen holders.

The recent Stack's auction of the Buffalo Historical Society & Laurence Gardner collection had a similar coin. I recall it was an early NGC holdered MS64 Saint that appeared to be a stone blazing 65. I wanted to buy the coin for $1100. It also sold for
around $1800 which was close to 66 money. Usually they sell for this kind of money because of the crackers. And let's face it, the crackers are probably wrong the majority of the time. But they usually only need one hit out of several coins for example to keep chugging along.

roadrunner

PerryHall

Thats a lot to pay for a "widget".