1953-D MS66 Franklin auctioned for 3X going rate!
bushmaster8
Posts: 5,616 ✭
More evidence that all the doom and gloom naysayers who predicted the toned coin market would soon come crashing down
were WRONG!
This Heritage lot shows that, at least for coins that are irrefutably original mint set rainbows, the toner market continues to rock and roll!
were WRONG!
This Heritage lot shows that, at least for coins that are irrefutably original mint set rainbows, the toner market continues to rock and roll!
"Wars are really ugly! They're dirty
and they're cold.
I don't want nobody to shoot me in the foxhole."
Mary
Best Franklin Website
and they're cold.
I don't want nobody to shoot me in the foxhole."
Mary
Best Franklin Website
0
Comments
Let's be realistic, a pretty coin is a pretty coin, and as such will always generate more interest than your average looking coin.
U.S. Type Set
---------------------------------------------------------------------------------------------------------------------------------------
BONGO HURTLES ALONG THE RAIN SODDEN HIGHWAY OF LIFE ON UNDERINFLATED BALD RETREAD TIRES
This was not a real sale , believe it or not .
<< <i>This was not a real sale , believe it or not . >>
If it sold it's a real sale to me!!! All it takes are 2 registry hounds to drive the price up!
Teletrade pulls the same stunt ; a coin is "sold" for say 2000$ ; it gets returned ........ yet they still show it as a sale in their auction records .
<< <i>this is a prime example of manipulation ; nobody really paid that much for this coin !
This was not a real sale , believe it or not . >>
Your evidence , Sir?
and they're cold.
I don't want nobody to shoot me in the foxhole."
Mary
Best Franklin Website
<< <i>More evidence that all the doom and gloom naysayers who predicted the toned coin market would soon come crashing down >>
<< <i>were WRONG! >>
Granted, I am just one collector. I used to purchase outrageous toners but I no longer do unless the coin looks certifiably original. It would have to have toning that is just right for me even to consider it. AND, I will no longer pay a great premium for toning.
In fact, I mostly just buy gold now. Gold only gets crusty, it doesn't tone. I can concentrate on strike, luster and technical aspects of the coin. It doesn't even take a rocket scientist to see if the surfaces of a gold coin look messed with.
I'm quite sure that I am not alone in my feelings about gold toning. I am also certain that there are enough people like me to certainly change the way toners move in auction.
Sure there will always be new numismatists that will be willing to throw a lot of $$$ at pretty colors; but as they get more seasoned they will quickly learn of the perils of rash decisions.
however : the juice in this case is something near 500$ , but that would still mean bids of over 2 grand . It is much more likely the price this coin sold for was "helped" rather then achieving such a inflated dollar amount on it's own merits.
Remember Mr. Tomaska's 1960-D that "sold" for some outrageous price to some novice ?? We had "proof" that it sold right ?
Yet you were one of the first to say you thought the sale was a "sham" . What was your evidence ?
memory. I suspect it is even nicer than the Heritage pic would lead one to beleive, given the nature of Heritages' pix. I think the winner did well, and
no way is "buried". There are so many examples of collectors stepping up to the plate to bid amounts many folks considered exorbitant at the time, only
to do very well when the coin was sold off. The Larry Shepard Commems come to mind. And Franklin collector Supercarcoins, who was scoffed at for
paying $4K for an amazing toned 49-S, only to sell it back to the seller a couple years later for $6K. A nice gain IMO.
and they're cold.
I don't want nobody to shoot me in the foxhole."
Mary
Best Franklin Website
I honestly think the winner did well despite the premium. There have been toning naysayers for DECADES and yet the market continues.
As Marty said , time will tell . It is a pretty coin and I had a bid on it ; but I still do not believe someone paid over 2 grand for it .
I went back and checked and of all the 53-D's in 66 Heritage has sold the past 7 years or so , none were as attractive as this one . Only one I ever saw prettier was the Tomaska piece that I think came out of the #1 Franklin set when the owner upgraded to the lone MS67 . You can see it on Tomaska's website ;it was an Everest Coin .
THIS being the case , I can see someone paying 2400$ or so for the coin . But that would mean the buyer had tremendous insight , an intelligent attitude and the fortitude to make the call . There are only a couple of these type of high rolling Franklin buffs out there - and they did not purchase this piece .
and they're cold.
I don't want nobody to shoot me in the foxhole."
Mary
Best Franklin Website
https://www.ebay.com/mys/active
Hello Bushmaster -
I bought the coin. It is among the most stunning mint set color toned 1953-D Franklin halves I've seen. Superb color Franklin halves are a great value - when you can find them. Go to any major show and you will find hundreds of superb color toned Morgans, but try finding a single outstanding color Franklin. This is not a negative of color Morgans, but only meant to point out the tremendous rarity and value in superb color Franklins.
If you like, I can post a pic.
RT
and they're cold.
I don't want nobody to shoot me in the foxhole."
Mary
Best Franklin Website
I understand the anger of the toner collectors. They have a lot of time and money invested. However, the reality is about as clear as crystal. In the case of the major grading companies their standards seem to vary with the wind. Some days they bag everything, other days strange looking questionable coins get through. I can reference the one story about someone submitting Silver Eagles. On a lark sent in a big batch of wild looking toners and all of them got through into holders. Many times later, on many separate submissions, he tried again with similarly toned coins and every one of them got bagged.
Link
thread about submitting eagle toners
Collect what you like, but go in with eyes open and not rose colored glasses. If a person wants to pay big money for pretty toners, understand that a big batch may go get slabbed next week and the value of those coins may take a big hit. Market acceptable is a moving target, always has been, always will be.
this day and age.....is the collector.
Camelot
<< <i>I understand the anger of the toner collectors. They have a lot of time and money invested. However, the reality is about as clear as crystal. In the case of the major grading companies their standards seem to vary with the wind. Some days they bag everything, other days strange looking questionable coins get through. >>
RedTiger - You are right. The thing is, toner collectors can be futher divided into sub-groups. Some like light toning, heavy toning, brightly colored toning, toning that one would consider very "traditional" toning, etc. Those that collect "traditional" toning such as seen with this 53-D Franklin will always see a demand for these coins. However, those that collect brightly toned coins will certainly see some crazy highs and lows. Very dangerous field to play in if collecting for investment purposes is your motivation.
<< <i>what happened to this coin ? >>
Buried I hope. It is not a coin you would you would ever own Mr. Paul
This is a cartoonish pix Tomaska provided after he bought the coin .
I have the strongest suspicion , (which is supported by another Franklin specialist ), that this coin is A.T.
This is perplexing to me ,as Mr. Tomaska ,as skilled as he might be ......seems to lack the ability to spot an A.T. coin .
I have brought several to his attention and he thought they "looked alright" to him
As to an 'expert' not ebing able to spot an AT'ed coin... The coin got PCGS first didnt it? Thats the bigger, scarier issue.
Also, what makes someone that specializes in a series an expert on originality? He is a dealer, yea he has written some books, but that doesnt mean his eyes see originality...
PCGS said the coin was market acceptable..... So AT is possible.
How does the current owner/member of the coin feel after seeing it in hand, does he still post?
........they better be - else they ain't no expert .
Coins do get past PCGS that are A.T ; and the one that did the doctoring looking at the coin in a PCGS slab can state so absolutely .
I have long ago learned to keep my opinions about toning to myslef as it seems that everything is "NT" on this board even though many have been fairly obviously manipulated. I have even gotten PMs that were rather threatening for simply stating IMOs.
I say if fools go for such, let them for I have no stake in it.
Well, just Love coins, period.
<< <i>
<< <i>the color is REALLY nice , no doubt , but I have had my hand on the pulse of the Franklin market for many years and there are VERY FEW buyers out there for THIS coin at THAT level . >>
Pawpaul you did not call it AT here, why the change in opinion? Bushmaster also supports that he likes the color as well. >>
The color is very nice - no doubt about that !
Lets just say I got additional information about this particular specific coin recently and my original suspicions have been heavily strengthened by
new evidence provided to me from a highly reputable source .
The coin does not appear to be A.T just by looking at it
- but as I said ; I am privy to inside information now ........... and in so , believe the coin
is not originally toned .
If a coin looks too good to be true
IT PROBABLY IS NOT TRUE.
Boy, you gotta be really careful out there.
Camelot
<< <i>More evidence that all the doom and gloom naysayers who predicted the toned coin market would soon come crashing down
were WRONG!
This Heritage lot shows that, at least for coins that are irrefutably original mint set rainbows, the toner market continues to rock and roll! >>
iriefruitable ?
I wonder who the underbidder was on this coin ? and again, it sure look's to me like an orig. Mint Set piece ; but someone I respect quite well sez otherwise
nobody can say erriefrutably I guess
Franklin-Lover's Forum
and they're cold.
I don't want nobody to shoot me in the foxhole."
Mary
Best Franklin Website
1953-d Franklin
and they're cold.
I don't want nobody to shoot me in the foxhole."
Mary
Best Franklin Website
selling for moon money at the time was a terrible investment?
The T.T piece however went for far more money then I thought it would , I thought I could snag it for less then 1200$ .
I am glad it went for way over PCGS guide price and hope it was a real sale .
It also pleases me that there are some out there that know a special piece when they see it
<< <i>is it safe to say that the original post of this thread showing a coin
selling for moon money at the time was a terrible investment? >>
fc - i do not know for sure ........at that price I doubt it could be a good investment . Someone I believe bought it from the orig. high bidder (R.T.)
and only time will tell if it's a money maker for that person that bought it from him .
I would say odds are it may never be sold at a profit