PCGS 1931-D Lincoln 64RD sells for $600 - Take me now Lord, I've seen it all!!!

Coppernicus

Even if the buyer thinks it will upgrade to a 65RD, it's JUST worth $600.

What gives?

I bought my 65RD (a PQ if I do say so myself) for $616 just under a year ago and I felt I paid up a bit.

Are these wheats really going this crazy?

Mike

Link

Gemini

The bids took a big jump from $250.00 to $590.00 does this indicate they were really hot for the coin and money is no object or other?

Coppernicus

Gemini - It may have been a bidding war, but still! It's a $200 coin! I was one of the low-ball bidders and I hate these "bidder's identity protected" auctions. Seems to me that this type of auction is a "natural" for shilling.

I can see hiding the bidder's identity on a true rarity that is going for huge $s - but a $200 coin (or even one that goes for$600)? Ridiculous, IMHO.

Mike

LincolnsRule

Looks like a nice coin. Maybe the bidders got sent better pictures. With pcgs inconsistency maybe it's an ms66.

Coppernicus

LincolnsRule - It does look nice and someone paid roughly 65 money for it. If it is a 66, then it was a huge bargain, But really, TWO points? With the way PCGS has been on copper lately, my guess is it might go 65, but I seriously doubt it goes 66 (no, I'd say virtually impossible!) But, I've been wrong before...and will be again.

Mike

uofa1285

I am no expert but the history of the buyer seems a bit shill-like...

LincolnsRule

It can happen. I had a nice ms66 Memorial go down to ms64. I have a 14-p that I would consider a candidate for ms66 and it's graded ms64 right now too. Probably the simplest expanation is the correct one (shill seems like a pretty logical one, but someone still had to bid that high).

Coppernicus

Here's the bidding on this. Who won? I assume it's the fourth line because he was at $600 earliest. Is this correct, or could he also have upped his maximum bid three times tonight?

I hate this hidden bidder crap. If you read the reason the seller gives for hiding the bidders, it doesn't make any sense, at least to me.

private listing - bidders' identities protected US $600.00 Mar-08-06 19:06:56 PST
private listing - bidders' identities protected US $600.00 Mar-08-06 19:06:35 PST
private listing - bidders' identities protected US $600.00 Mar-08-06 19:03:41 PST
private listing - bidders' identities protected US $600.00 Mar-04-06 17:24:40 PST
private listing - bidders' identities protected US $590.00 Mar-08-06 19:07:36 PST
private listing - bidders' identities protected US $250.00 Mar-02-06 17:31:39 PST
private listing - bidders' identities protected US $180.00 Mar-03-06 18:29:06 PST
private listing - bidders' identities protected US $152.00 Mar-02-06 01:38:26 PST
private listing - bidders' identities protected US $130.00 Mar-02-06 17:31:23 PST
mensa0 ( 398) US $118.82 Mar-01-06 21:35:28 PST
private listing - bidders' identities protected US $102.00 Mar-02-06 01:38:09 PST

BTW, I'm mensa0 and was trying to steal a $200 coin for $118. So, it goes for $600!! How come my auctions never go like this?

Mike

uofa1285

Increments suggest S-H-I-L-L!

DMWJR

Anybody got one in 6 for sale??

Coppernicus

Last two 66's in my data base went for $3,800 and $3,400 - I'll stick with my 65, at least for now. A PQ 65 that someone thinks may upgrade can go for $1,000-$1,200 or so. Tempting!!

Mike

DMWJR

I was somewhat joking when I said that, but that is a hole in my set. It is a hole because there is no supply right now, and plenty of demand. I have looked at most all of the 31-d's that have come on the market (MS64 and up), and passed on all of them either because of price or quality. So I think that $600 price for a 64 is probably just reflective of supply and demand. At least two people "had-to-have-one" for their set right now.

DMWJR

There is a 66 in the upcoming B&M auction. It will be interesting to see what it goes for.