Incredible 1913 Proof Cent realizes $27600!!!
renomedphys
Posts: 3,641 ✭✭✭✭✭
And they thought MPLs were weak...
Economy Nothin'...4 X Price Guide for a 25/4 coin.
Incredible!
Linky
Economy Nothin'...4 X Price Guide for a 25/4 coin.
Incredible!
Linky
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Comments
I am stunned!!!! I have always felt that MPLs are rare and undervalued but I wasn't expecting this. Congratulations to the new owner.
WS
I think someone artificially pumped up the market. We'll see I guess if/when the new owner makes it known it was for real.
price was too high though.
https://pcgs.com/setregistry/showcase/2819
"Because I can"
myurl The Franklin All Old Green Holder Set
Quality sells. Pretenders? Not so much.
Empty Nest Collection
Matt’s Mattes
I did hear from someone that viewed the 1913 PR66RD and was told it is a monster coin. Good luck to the new owner and it is good to see quality Reds are holding their own!
Jonathan
<< <i>What about the 1909 PCGS PR67RD that only went for $11,500 when the same coin sold for $19,550 in August? Doesn't this show some weakening in the Matte Proof market?
Yes it does, like you point out here I see the weakness in the coins that are Low quality for the grade and continued strength in the quality for grade PCGS coins. The Heritage results backed this up pretty much across the board.
>>
Personally, I was in the bidding until it just went out of sight because I thought it was a nice 66. It went for too much money for me to buy it as a duplicate.
That is one beautiful 1913 MPL. Congratulations!
Jonathan
"Because I can"
myurl The Franklin All Old Green Holder Set
I'm scratching my head on this one, as well. This coin's price stands out like a sore thumb with no clear reason in my mind. Why go so high? Maybe someone knows something I've not figured out or needs a registry hole filled. Is the coin a 68?? Having not seen it it hand, I can't tell. Doug is right ... photos just do not do a coin justice.
But anyway I may personally analyse it, congratulations and best wishes to the buyer.
Duane
A high hammer consists of two people wanting the same thing.
Sometimes that's all it takes.
Jonathan
All it takes is two people that think the coin will upgrade.
I remember a 12-S Lincoln in MS65RD that had a good shot at the lone 66. That coin went to the moon...literally, as I have not seen it since. I know the coin was tried several times with no luck. Now there is a $25K+ MS65RD 12-S Lincoln out there with nowhere to go!!
Jack
well 3/4's as good...i'll take only $20,000 for it!
WS
Perhaps I should inform you boys there are at least 3 players to buy a 1913 PR 67 red MPL at $40,000. Hence the price of
$27,600 is still south of PR 67 money. The people who were bidding on this coin felt it was a PQ 66 and bid accordingly.
A 1913 in Proof 68 would be a $100,000 + coin.
The pop of the 1913 in Proof 66 is 25 so there should be more coming to auction.
Stewart