It is all relative, I have friends that make that much in a month, and they are not that rich. There are quite a few people who make $5M or more a year, that is 1 weeks income to them, not that big a deal, it is just about perspective. As astonishing to us as that is imagine what non collectors think, you paid $100, $1K, $10K for that coin...OMG... :0
Actually it was 109K plus agents fee. Tack on some more dinero.
JBN- you were spot on as usual. Hard to slip anything by you.
Jerry- two bidders from what I saw (both representated) I spoke to the underbidders representation today and sounded like two bidders in the stretch. It happened very fast
I have a strong hunch that there is NO WAY another 68 will ever be made by PCGS. Irony is that I have a 44P in 67 that I was thinking about sending in for a shot upgrade ( plus at best now)
I was told that the new owner was thrilled. My guess is that consigner is literally doing cartwheels down Main St.
For what it's worth it's the buyers dough and bully for him......................It is what it is. MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
tyvm, but I'm happy upgrading my little registry set that's mostly only 64's, 65's, and some 66's. I'll be doing good if I can get my early Walkers up to AU. Probably not the 21-S, though. Well, maybe someday. I'm still trying to decide if I want to back off to just the "tougher" date set, though it's nice having a complete, 66-coin set.
btw, thank you members of these boards who I've bought from in the past and helped me get to where my set is now. Let's keep working on it.
The buyer liked it and THAT is what is important!!!!
If you can't say something nice why say anything
I am happy for the new owner and hope he enjoys that very nice coin >>
I doubt that liking the coin had anything to do with it. This had everything to do with the holder (only one in PCGS plastic------registry), and by bidding this thing to the moon, you can be sure some more MS68 1944 Halves will be made in the coming months/years.
There are some dealers who would happily agree to "make" a PCGS MS68 for $25k, let alone $100k.
I doubt that liking the coin had anything to do with it. This had everything to do with the holder (only one in PCGS plastic------registry), and by bidding this thing to the moon, you can be sure some more MS68 1944 Halves will be made in the coming months/years. There are some dealers who would happily agree to "make" a PCGS MS68 for $25k, let alone $100k.
The proof is in the picking. If this MS68 were mixed among a pile of high end MS67's (labels covered), then for it to be worth $100K, seasoned professionals should be able to pick the MS68 as the best coin nearly every time. For a 50-100X increase in value, it has to be an easy decision.
I too was wondering about the Cam and the sun. I have only seen about one in here with a truly frosty sun.
Best, Eric >>
The sun is indeed frosty in hand. Depending on what angle you image it you pick up the frost on different areas of the coin. Here is an old thread with multiple images of the coin. I normally take the coin to the Santa Clara shows if you are in the neighborhood in November.
Looks like Legend was the underbidder that drove the price sky high. The seller of the coin should send them a big thank you for the run up. I wonder if he is a legend customer?
I wish i could get some bidders like that for my dreck when i go to sale them.
Mark NGC registry V-Nickel proof #6!!!! working on proof shield nickels # 8 with a bullet!!!!
It's obvious that insane money for common dates in moon grades makes sense to a few folks, and more power to 'em. But I royally do not get it. Not even one iota.
<< <i>Looks like Legend was the underbidder that drove the price sky high. The seller of the coin should send them a big thank you for the run up. I wonder if he is a legend customer?
I wish i could get some bidders like that for my dreck when i go to sale them. >>
Why do you keep insinuating nefarious actions associated with Legend? If you can't have an even keel with regards to a dealer that has never done a thing to you, then kindly don't post.
Legend was representing a customer on the coin. They recommended stopping at a lower level but HIS desire was for them to keep bidding. It's that simple.
Two people that want something badly can lead to a "runaway" price and a dealer bidding for a customer is simply following his/her instructions. I remember that I once bid in an auction for an error coin for a customer that sold for less than $200. I had bidding authority up to $10,000 for the coin. I was fully prepared to go that high if challeneged and I knew it might be quite embarassing if I ended up the winner at that level on the coin. But, my customer would have been happy to win the coin even at $10,000. He was delighted to have won it under $200!
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
<< <i>I wonder what the ms67 1942-s is worth. I would think that would be the most desirable late date Walker, but I guess it depends on the quality of the coin. >>
Recently, the graysheet mentioned that there was a standing offer of 75K for a 67 42-S.
<< <i>I see that the 44 in PCGS MS68 now resides in the Number 1 registry set for the Half Dollar Short Set 1941-47 (Lulu's Walking Liberty Set).
Wow. >>
Well it's the technical number one set and I trust there are great coins represented. I sure would love to see if it's the one eye appealing set. That's moe important from where I sit. There are no pictures
MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I know of a number of serious collectors in recent years who have seen a coin they want in an auction and instructed their agent to "Just buy it" - which is fine unless someone else in the room has the exact same plan.
<< <i>I see that the 44 in PCGS MS68 now resides in the Number 1 registry set for the Half Dollar Short Set 1941-47 (Lulu's Walking Liberty Set).
Wow. >>
Well it's the technical number one set and I trust there are great coins represented. I sure would love to see if it's the one eye appealing set. That's moe important from where I sit. There are no pictures
MJ >>
MJ, I should have made clear: my "Wow" refers to the price this coin brought. Like you, I laugh at myself for even considering bidding on this coin. I would have been about 90K below the winning bid. Also wish Lulu would provide photos -- along with Mr. Forsythe and others in the Walker sets.
"Look up, old boy, and see what you get." -William Bonney.
<< <i>It's obvious that insane money for common dates in moon grades makes sense to a few folks, and more power to 'em. But I royally do not get it. Not even one iota. >>
I'm with you on this. I must be too old-school, I can understand paying sky-high for a top-grade rare date, but not for the top-grade of a coin that's a very common date.
<< <i>I personally would prefer a beautiful 'just missed it' MS67 and the difference in the bank = but that's me. At the same time, I have been guilty of overpaying for the finest - and will be guilty again. >>
Yes, but rare finest
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
<< <i>I guess I'd rather own the entire set in MS63, with $ left over to upgrade the late dates to 65, than this one common date in uncommon condition.....but maybe that's just me. >>
Not just you, I think it'd be me too. >>
Yeah....
Me at the Springfield coin show: 60 years into this hobby and I'm still working on my Lincoln set!
<< <i>In the past two weeks I have paid double the previous auction prices for coins tied for finest graded. Of course my price level is about 1-2% of the price we are discussing. However the same principle holds true almost regardless of the price. >>
The principle is about the same if you set off a firecracker or a hand-grenade.
Your efforts are focused on coins with solid long-term collector support and thus less downside as a percentage of cost.
Your pride of ownership is based on solid knowledge. The 44P Walker guy can't have any real idea what his pop-top super-widget is worth (except to him).
They should have played "Taps" for the bidders at 35K unless the consignor had already begun to play the "Hallelujah Chorus".
The second one graded will bring less than 50K, waaaay less.
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
I was going to say to each his own, and I guess I still feel that way, but OUCH! A MS68 Booker T. Washington might have been a better way to go, if the increase in the pops is correct. Monday morning q-back anyway----------BigE
<< <i>I wonder what the ms67 1942-s is worth. I would think that would be the most desirable late date Walker, but I guess it depends on the quality of the coin. >>
Recently, the graysheet mentioned that there was a standing offer of 75K for a 67 42-S. >>
25 years ago we used to say such a non-transaction was "the day two idiots met": the one who made the offer and the one who turned it down.
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
<< <i>It is a fact that some people have more money than they know what to do with. (Then again this could be some low-mid income Joe- collector that is really taking a S-T-R-E-T-C-H).
I imagine I am in a large minority, but I like my 68's with a full thumb even if that criteria would preclude most dates from ever attaining that grade level. >>
Large majority
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
Hey, a guy wanted it and was willing to pay 109k for it, good for him.
You mean two extremely determined collectors wanted it......and each made the mistake of giving their agents an "unlimited" buy bid. That's what you get. The actual winner was the under-bidder.
That is still the only 1944 graded MS68 by PCGS. There are 66 in MS67 and 3 in MS67+. There is only one MS68+ throughout the entire series and that was awarded to a 1939P.
I address issues that very much pertain to the paying of megabucks for modern coins in three recent columns. Readers of this thread, I hope,will find these columns to be interesting:
Comments
JBN- you were spot on as usual. Hard to slip anything by you.
Jerry- two bidders from what I saw (both representated) I spoke to the underbidders representation today and sounded like two bidders in the stretch. It happened very fast
I have a strong hunch that there is NO WAY another 68 will ever be made by PCGS. Irony is that I have a 44P in 67 that I was thinking about sending in for a shot upgrade ( plus at best now)
I was told that the new owner was thrilled. My guess is that consigner is literally doing cartwheels down Main St.
For what it's worth it's the buyers dough and bully for him......................It is what it is. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
tyvm, but I'm happy upgrading my little registry set that's mostly only 64's, 65's, and some 66's. I'll be doing good if I can get my early Walkers up to AU. Probably not the 21-S, though. Well, maybe someday.
btw, thank you members of these boards who I've bought from in the past and helped me get to where my set is now. Let's keep working on it.
I too was wondering about the Cam and the sun. I have only seen about one in here with a truly frosty sun.
Best,
Eric
<< <i>Why so many negative comments?????
The buyer liked it and THAT is what is important!!!!
If you can't say something nice why say anything
I am happy for the new owner and hope he enjoys that very nice coin >>
I doubt that liking the coin had anything to do with it. This had everything to do with the holder (only one in PCGS plastic------registry), and by bidding this thing to the moon, you can be sure some more MS68 1944 Halves will be made in the coming months/years.
There are some dealers who would happily agree to "make" a PCGS MS68 for $25k, let alone $100k.
the Franklin was MS66 FBL (the only one )
<< <i>Broadstuck -
the Franklin was MS66 FBL (the only one ) >>
Thanks PawPaul... As I only know Franklin's as Bullion!
The proof is in the picking. If this MS68 were mixed among a pile of high end MS67's (labels covered), then for it to be worth $100K, seasoned professionals should be able to pick the MS68 as the best coin nearly every time. For a 50-100X increase in value, it has to be an easy decision.
roadrunner
In honor of the memory of Cpl. Michael E. Thompson
It is great to read that there is a high level of confidence among seasoned professionals...
Are we referring to garlic, pepper or talent?
Experience the World through Numismatics...it's more than you can imagine.
<< <i>Hi,
I too was wondering about the Cam and the sun. I have only seen about one in here with a truly frosty sun.
Best,
Eric >>
The sun is indeed frosty in hand. Depending on what angle you image it you pick up the frost on different areas of the coin. Here is an old thread with multiple images of the coin. I normally take the coin to the Santa Clara shows if you are in the neighborhood in November.
Walker pix
U.S. Type Set
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
I wish i could get some bidders like that for my dreck when i go to sale them.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
The best just got a little better.
But I royally do not get it. Not even one iota.
<< <i>Looks like Legend was the underbidder that drove the price sky high. The seller of the coin should send them a big thank you for the run up. I wonder if he is a legend customer?
I wish i could get some bidders like that for my dreck when i go to sale them. >>
Why do you keep insinuating nefarious actions associated with Legend? If you can't have an even keel with regards to a dealer that has never done a thing to you, then kindly don't post.
Legend was representing a customer on the coin. They recommended stopping at a lower level but HIS desire was for them to keep bidding. It's that simple.
Wondercoin
I suppose that may just be the justification for liking a thread such as this even if it creates... well... what it creates
Yogi would be proud
Experience the World through Numismatics...it's more than you can imagine.
Wow.
"Look up, old boy, and see what you get." -William Bonney.
<< <i>I wonder what the ms67 1942-s is worth. I would think that would be the most desirable late date Walker, but I guess it depends on the quality of the coin. >>
Recently, the graysheet mentioned that there was a standing offer of 75K for a 67 42-S.
<< <i>I see that the 44 in PCGS MS68 now resides in the Number 1 registry set for the Half Dollar Short Set 1941-47 (Lulu's Walking Liberty Set).
Wow. >>
Well it's the technical number one set and I trust there are great coins represented. I sure would love to see if it's the one eye appealing set. That's moe important from where I sit. There are no pictures
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
And sometimes they do.
<< <i>
<< <i>I see that the 44 in PCGS MS68 now resides in the Number 1 registry set for the Half Dollar Short Set 1941-47 (Lulu's Walking Liberty Set).
Wow. >>
Well it's the technical number one set and I trust there are great coins represented. I sure would love to see if it's the one eye appealing set. That's moe important from where I sit. There are no pictures
MJ >>
MJ,
I should have made clear: my "Wow" refers to the price this coin brought. Like you, I laugh at myself for even considering bidding on this coin. I would have been about 90K below the winning bid. Also wish Lulu would provide photos -- along with Mr. Forsythe and others in the Walker sets.
"Look up, old boy, and see what you get." -William Bonney.
There has been some time since this auction... can someone with access update this thread with the number of 68's known?
I was curious to know if a bunch of 67's got submitted.
<< <i>It's obvious that insane money for common dates in moon grades makes sense to a few folks, and more power to 'em.
But I royally do not get it. Not even one iota. >>
I'm with you on this. I must be too old-school, I can understand paying sky-high for a top-grade rare date, but not for the top-grade of a coin that's a very common date.
<< <i>I personally would prefer a beautiful 'just missed it' MS67 and the difference in the bank = but that's me. At the same time, I have been guilty of overpaying for the finest - and will be guilty again. >>
Yes, but rare finest
<< <i>
<< <i>I guess I'd rather own the entire set in MS63, with $ left over to upgrade the late dates to 65, than this one common date in uncommon condition.....but maybe that's just me. >>
Not just you, I think it'd be me too. >>
Yeah....
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>There has been some time since this auction... can someone with access update this thread with the number of 68's known?
I was curious to know if a bunch of 67's got submitted. >>
The PCGS Population report lists 92 in MS68
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
<< <i>In the past two weeks I have paid double the previous auction prices for coins tied for finest graded. Of course my price level is about 1-2% of the price we are discussing. However the same principle holds true almost regardless of the price. >>
The principle is about the same if you set off a firecracker or a hand-grenade.
Your efforts are focused on coins with solid long-term collector support and thus less downside as a percentage of cost.
Your pride of ownership is based on solid knowledge. The 44P Walker guy can't have any real idea what his pop-top super-widget is worth (except to him).
They should have played "Taps" for the bidders at 35K unless the consignor had already begun to play the "Hallelujah Chorus".
The second one graded will bring less than 50K, waaaay less.
<< <i>
<< <i>I wonder what the ms67 1942-s is worth. I would think that would be the most desirable late date Walker, but I guess it depends on the quality of the coin. >>
Recently, the graysheet mentioned that there was a standing offer of 75K for a 67 42-S. >>
25 years ago we used to say such a non-transaction was "the day two idiots met": the one who made the offer and the one who turned it down.
<< <i>It is a fact that some people have more money than they know what to do with. (Then again this could be some low-mid income Joe- collector that is really taking a S-T-R-E-T-C-H).
I imagine I am in a large minority, but I like my 68's with a full thumb even if that criteria would preclude most dates from ever attaining that grade level. >>
Large majority
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
You mean two extremely determined collectors wanted it......and each made the mistake of giving their agents an "unlimited" buy bid. That's what you get.
The actual winner was the under-bidder.
roadrunner
<< <i>Incredible. Makes a 1953-s MS66 FBL Franklin at $70,000 seem like a bargain!
roadrunner >>
No, No it doesn't
Why 1933/34 is the true dividing line between classic and modern coinage, Part 1
Why 1933/34 is the true dividing line between classic and modern coinage, Part 2
Collecting Modern Coins
<< <i>If you have the money, I guess they're not hurting anyone. >>
Who is "they" who you might guess is hurting the buyer?