Today's newp - 1887 proof shilling

Ricke

Picked this one up today at a monthly show in Kansas City. I had never attended this show before, but it runs the first sunday of every month. Mostly US stuff. Even though I collect some US, I didn't have a large bank in my pocket - so I just poked around at the inventory.

I found this one, which I had to pick up. In hand the dark areas are mostly blue/green, with some red tones on the reverse, and mirror like fields.

I thought it was pretty stunning. I paid just about book for it, but I probably would have gone higher because I liked the overall look.


Great Britain - 1887 proof shilling

farthing

Very nice looking shilling!

bidask

Nice!

AuldFartte

Very nice pickup! I like the color, too.

ajaan

Very nice, especially if 'book' is Krause.

Ricke

thanks for the comments guys.

I'm thinking about sending this in to see what it grades - any thoughts?

In this case, 'book' is Krause. Even though this has over 1,000 proofs issued for this particular date, I think it's priced low.

lordmarcovan

7Jaguars

Supply AND demand are the key here. Evidently the 1000+ pieces minted are enought to supply the demand. At least on my monitor it is difficult to make out hairlines if present and/or friction or hits. These were packaged in sets many times after a "timely" wipe at the mint that we know costs for TPG's - can't see the detail but I have seen what appear to be similar pieces come out as PCGS 64 with or without cameo designation.

Ricke

sure... supply and demand basically determines the price of all issues. But elasticity is an important factor, and when you have 1,000 pieces total that's a pretty slender ratio - which, in my opinion, helped make this coin a heck of a value purchase.

Really, I loved the coin... which is odd, because it isn't an issue that would normally catch my attention.

I am totally novice at the finer points of higher end grading, though - especially with proofs. It has no hairlines nor much in contact marks. You think 64?

7Jaguars

Yes, I have a very similar shilling myself and it is quite satisfactory despite not being "gem". 64 is probably fair from the view available. I agree that these coins are seemingly entirely underpriced.