The embodiment of all that is bad about the Registry

ColonialCoinUnion

This Washington Ship Halfpenny, graded MS63 by PCGS and a pop 1/0, realized $25,000+ in the Heritage auction.



This is a coin type that is quite common and typically sells for $750 - 1250 in pleasing AU grade.

At $25,000+, this one sold for about 3 to 4 times what the next highest priced Washington Ship Halfpenny as ever sold for, in any grade at anytime, anywhere - including many that were raw but superior to this one.

tradedollarnut

There's a Registry for these?

ColonialCoinUnion

Yes - and evidently one that is being pursued with great fervor by at least 2 people.

Unless you think someone bought this coin merely because it is magnificent* and paid no heed to its holder? Me neither.





* Sarcasm.

DennisH

Everyone has the right to spend their money as they choose.

ColonialCoinUnion

<< <i>Everyone has the right to spend their money as they choose. >>



Can't argue with that.

roadrunner

The coin doesn't appear to be much more than a choice AU58.

roadrunner

RAD

<< <i>The coin doesn't appear to be much more than a choice AU58.

roadrunner >>





Photos certainly seem to suggest slight rub!!!

morgannut2

Old copper is the last place I'd ever think the Registry would impact bidding fever-given the wide opinions about the correct grade on most issues. Isn't it more likely it was just 2 people who wanted the same coin, or has it appeared in the Registry?

leothelyon

I'd recommend shutting down the registries for awhile to teach everyone a lesson! But than again, I wouldn't be a very popular guy around here!

Leo

MrEureka

The embodiment of all that is bad about the Registry

The problem lies with the buyer, not the Registry. In fact, if the Registry were shut down tomorrrow, the buyer would quickly find a new way to blow the rest of his money. It is his fate.

DAM

The embodiment of all that is bad about the Registry

I would agree the Registry has brought greed into picture, prompting some buyers to run up prices of coins just so they can have the best set(s). In this case the $25,000 was an auction bid, meaning there were other bidders. It would be interesting to know how many bidders were involved over the $12,000 level and when each dropped out on the way to $25,000.













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JoshL

It's all the fault of those bad people with the nice sets of coins. I can't believe that there are actually coin collectors out there who want the best the coin world has to offer. It is also hard to believe that prices of the finest coins are driven up by this type of demand. Someone really should take their coins from them. Teach them a lesson!

ColonialCoinUnion

<< <i>It's all the fault of those bad people with the nice sets of coins. I can't believe that there are actually coin collectors out there who want the best the coin world has to offer. It is also hard to believe that prices of the finest coins are driven up by this type of demand. Someone really should take their coins from them. Teach them a lesson! >>



Did you look at the coin?

RegistryCoin

Yea. just be satisfied with anything. Get no desisre to have the best coin you can. Flip through change to get a wheatie. Yea. That's it.

STEWARTBLAYNUMIS

Its a FUGLY ms 63.If it was a Lincoln cent graded ms 63 noone would buy it as there are many others that are finer.Technically it is an ms 63 because there is no wear on the coin.Andy is right;it is the ego of the bidders and not the Registry.

Stewart

MrEureka

Andy is right;it is the ego of the bidders

It's more a function of ignorance than of ego. And greed has nothing to do with it.