I got left in the dust on this one; but the winner bled...:+)

canadacolornut

I wanted it; but not that badly since I paid less than $225 for the entire set and I have 3 coins out of it that I think
will match anything that went for these kinds of prices tonight; including a heavy cameo half crown; maybe not
66 but a lay down 65.

Hope it wasn't one of you guys

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=180504659337&ssPageName=STRK:MEDWX:IT#ht_500wt_1182

ajaan

linky

coinkat

Not me- I agree with the bleeding

ouch

coinpictures

Registry nut?

WorldTypeSet

I would have thrown in a winning bid or two on the coins from that seller's British Proof Set, but he wouldn't ship to Canada.

determined

<< <i>I got left in the dust on this one; but the winner bled...:+) >>



LOL. If I don't win an auction the second best thing is to deplete my competition's ammunition!

RobP

Insanity. Ignoring the lowest bid, the only sensible bidder was the person one up from the bottom.

coinkat

I guess what is a little disturbing is that a coin like this- yes it is attractive- very nice cameo etc...- but how does that really compare in rarity to a George V Half Crown that grades MS66.

7Jaguars

Rob is spot on, this is crazy. I can not believe that people pay money like that for such a coin & registry sets with all due respect included.CK's point about truly gem G5 2/6s holds even if there is little demand as these coins are hard to find given their treatment starting at the mint. I think of Coincraft pictures from their late and lamented catalogue showing coins being showered straight off the presses into bags that looked to be toted about on great carts - how on Earth would a "66" or "67" survive such treatment?

canadacolornut

The draw on those coins is that they have been graded CAM or DCAM by PCGS.

As you know only the first 5% or so of coins off fresh dies that this kind of cameo contrast; reducing coin by coin
as dies fill and wear down. The deepest, fullest cameos, from fresh dies on both obverse and reverse, are, by
nature of their scarcity, more valuable to most collectors and much more attractive.

So that was the pull and I was in it for a little while before the bidding got ridiculous.

In my collecting lifetime I've only had 2 coins that were in that "first 5-10 coins off fresh dies" league;
a 1957 PCGS DCAM Franklin Half Proof that I sold to a dealer for close to $3,000, and a 1956 Elizabeth PL Dollar
which was fingerprinted somewhere in the grading process and only grades PL 66; reducing it's value to
about 20% of what it would be worth in a PL 67 DCAM holder. PCGS doesn't award the DCAM designation
to Canadian proof likes anyway; intended to hold for resubmit when they do.

On those Elizabeth coins that were being auctioned; I've picked the best of two 1953 Elizabeth Proof Sets-comprised of 22 coins-
to submit to PCGS. Of the total I have only 6 that are really worth submitting and only two have decent cameos.

So there is a basis for increased value-which to me has more merit than an unattractive mint error-but the final
bid prices were at least double what I was willing to pay.

The population reports and the next sale on those coins, however, will be the final determinant of just WHO
was the "greater fool"

7Jaguars

Well I love late milled (Vicky and up) but will NOT compete on these. Math is 5% of 20,000+ is 1000 pcs with a limited collector base for such. The only thing I can say is that these coins put pressure on the "VIP" coins of the same year, so that the crown may take on some added value above the others (IMO) in the set. I have seen VIP sets go for 600-800 pounds so that if you prorate that should give additional guidance for value of an "early strike".

coinkat

Canadacolornut-

Interesting comments in connection with the 1956 Dollar- While I claim to be no expert, quality PL examples seem to exist but getting a CAM from PCGS or NGC is problematic- there seems to be a number of quality examples that survived. Now finding a a high quality MS example is even more problematic

wybrit

I agree with Rob. There are much bigger fish to fry than with some MS66 1953 proof halfcrown. Congrats to the seller, though. I only wish I had held on to my half dozen or so sets over the years and cherry picked them as well.

Ridiculous money waste, in the end analysis.

coinkat

Bigger fish to fry?

Agreed

canadacolornut

NGC does award the CAM and DCAM designation on Canadian prooflike coins; PCGS doesn't.

ICCS "heavy cameo" and "ultra heavy cameo" coins command huge premiums for the reasons I stated in my post,

But if you try to cross with PCGS expect to give up at least a point; NGC because of less tight standards; ICCS because they
don't discount for the transparent, sometimes milky, toning that is endemic to Canadian prooflikes because of the
cellophone wrappings.

In my opinion, if you want the grade and the coin to match, you have the best chance with PCGS. Lastly, PCGS coins
always trade at levels commensurate with about a point higher grading standard than NGC. Eye appeal is a very
important factor with PCGS even though they don't pass out "Star" designations as NGC does.

Eye appeal is no factor at all on ICCS coins since you can't see the danged things anyway through their infernal
double plastic holders

And I agree with CoinKat completely. High grade mint state Canadian is much tougher and much pricier than proof like.

coinkat

I have had some experience with the 1956 Dollar- and feel fortunate for what I have found- and unfortunate with some of the other dates- especially 1953 and 1959