Would you bid on a coin...

MikeKing

Would you bid on a coin that sold at auction a year ago as a PQ MS64, was upgraded to an MS65, thus, doubling it's value (the coin is beautiful but I will not divulge which coin it is) (it is PCGS both times).

It kind of makes me feel like saving my money and wait (years if I have to) for another PQ MS 64 to turn up.

mozin

I would have no problem bidding on the coin which is now in a higher graded holder. My bid amount would be based on the prior auction prices realized while the coin was in the lower graded holder. Of course, I would not expect to win the lot.

coinguy1

<<Would you bid on a coin that sold at auction a year ago as a PQ MS64, was upgraded to an MS65, thus, doubling it's value (the coin is beautiful but I will not divulge which coin it is) (it is PCGS both times>>

If I liked the coin and thought it to be accurately graded in the newer higher grade holder I wouldn't be concerned about its previous grade and price.

jayboxx

Depends on the coin and the value jump for me. If it went from a $50 to a $100, not a big deal, but from $10,000 to $20,000 you have a lot more to lose if others don't feel it is worth it.

AZLARRY

I agree with Mark. If the coin is truly a MS65 and you like it, buy it.

michael

holder does not matter

and you have the discretionaty income for your collection

first determine if you like it

then if you like it figure out a price the max price you are willing to spend on this coin

then if you can buy the coin for this price you come up with or less

then buy it

REALGATOR

Compare it to other 65s and bid accordingly.

-RG

RYK

Knowing the grade, price, and auction history often gives me pause, especially when the coin sold recently for a significantly lower price in a lower holder. Sometimes it stops me in my tracks; sometimes I go for it.

dizzyfoxx

<< <i><<Would you bid on a coin that sold at auction a year ago as a PQ MS64, was upgraded to an MS65, thus, doubling it's value (the coin is beautiful but I will not divulge which coin it is) (it is PCGS both times>>

If I liked the coin and thought it to be accurately graded in the newer higher grade holder I wouldn't be concerned about its previous grade and price. >>

Barry

No. First, it's rare I buy MS coins. Second, it's even rarer I buy a coin on the high side of a price break. Considering the lack of consistency in grading, it's a fool's game.

JRocco

Do you see the coin as a 65? If the coin is a 65 (forget the plastic for now) bid on it as a 65. If you are not sure, and the difference is large-hold off.

TwoSides2aCoin

It's like any lavish toy. Do you want it ? Will it make you feel better ? Will it give you a sense of security and will it grow in value ? If you can answer yes to any one of them, Go for it !
If you answer NO to any, don't do it.