anyone have a clue why a VF20 1879-CC Morgan would be bid up to $1500 at Heritage?
DennisH
Posts: 13,996 ✭✭✭✭✭
The online auction is underway right now, although Morgans are still a ways off. The coin in question is:
Lot 8141
1879-CC $1 VF20 PCGS
Number of Bidders: 6
Current Bid: $1,500 (plus the 15% commission!)
Minimum Bid: $1,600
This is ridiculous. Current Greysheet for VF is $235 Ask and AU is $1600 Ask. There are no VAM varieties which would explain this lunatic bidding. Anyone have any ideas?
Link.
Lot 8141
1879-CC $1 VF20 PCGS
Number of Bidders: 6
Current Bid: $1,500 (plus the 15% commission!)
Minimum Bid: $1,600
This is ridiculous. Current Greysheet for VF is $235 Ask and AU is $1600 Ask. There are no VAM varieties which would explain this lunatic bidding. Anyone have any ideas?
Link.
When in doubt, don't.
0
Comments
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
If so, maybe someone needs it really badly for a grading set?
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
<< <i>Is it a low pop grade????
If so, maybe someone needs it really badly for a grading set? >>
so badly they could spend the difference travelling to find one in a dealers shop for less?
<< <i>
<< <i>Is it a low pop grade????
If so, maybe someone needs it really badly for a grading set? >>
so badly they could spend the difference travelling to find one in a dealers shop for less? >>
Believe me, it can be expensive to submit multiple coins to PCGS hoping they'll give at least one of them the grade that you really need for your set. But I'm not sure it's that expensive
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
<< <i>Just out of curiosity what would an xf go for? >>
XF Ask is $610.
My guess is two folks examined the lot in person and found the coin is a partial collar - something you can't tell from the photos.
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Yogi Berra
<< <i>Possible new VAM find? Check out the two L's in dollar on the reverse. >>
Sold for $1725 with the commission. Unbelieveable.
The Ls are strange. Never seen that before, and it looks like extra metal, rather than moved metal from coin-to-coin hits. Very interesting.
<< <i>It's VAM-1.
My guess is two folks examined the lot in person and found the coin is a partial collar - something you can't tell from the photos. >>
That's what I was thinking...