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Why did this sell so low?

holeinone1972holeinone1972 Posts: 5,368 ✭✭✭
in U.S. Coin Forum
Am I missing something?

I was watching, got busy at work and did not get to bid.

PCGS guide is around $1000.

Is it real? Bad time to end auction, did I miss out, or did I avoid a headache?

Link to Bust half 1838 NGC AU 58
image

Comments

  • johnny9434johnny9434 Posts: 29,439 ✭✭✭✭✭
    might be because of the small pics. i dont know for sure.
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭
    It looks genuine, but the images don't show the coin off very well. I paid roughly $800 for a really nice NGC/CAC AU58 recently.
  • holeinone1972holeinone1972 Posts: 5,368 ✭✭✭
    I was gonna bid $825 max, but I got busy at work. UUUUUGGGHHH

    I have a feeling it looks alot better than the pics.

    It actually looks correctly graded , I usally notice a grade higher with NGC, But I see this as a au 58, and it would have looked real nice in my super slider collection.

    DANG IT!
    image
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    Lots of meat, but no luster maybe?
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭
    Here is the one I weas speaking of:

    image
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>I was watching, got busy at work and did not get to bid. >>



    That Sux! image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • TomBTomB Posts: 22,120 ✭✭✭✭✭
    In my opinion the strike is a little soft, which is not unusual, and the coin might be an AU55. However, the greatest factor was likely the washed out scan images that make the coin look rather blah.
    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • HotfootspinHotfootspin Posts: 430 ✭✭
    No returns, I won't bid.

    Mark
    The Secret Of Success Law:
    Discover all unpredictable errors before they occur.
  • robkoolrobkool Posts: 5,934 ✭✭✭✭✭
    WOW !!! Sold too cheap...
    If I saw it, I would of been all over that in a heart beat.image
    Ebay items for sale Current BIN's / The Kingdom Collection
  • BillJonesBillJones Posts: 34,891 ✭✭✭✭✭
    Let's see ...

    The coin looks dull with no luster, and there is quite a bit of wear showing up in the reverse. This coin comes well struck. I'd say that it's a nice EF. Gray Sheet bid in AU is $275.

    I don't see any bargain here.

    It's sort of apples and oranges, but I paid $1,100 for this MS-62 in 2004. This coin runs circles around the piece in that ebay auction.

    image
    image
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • machoponchomachoponcho Posts: 355 ✭✭✭
    The brighter parts of the coin are in the housed areas and this is likely the luster. The brighter spots do not extend into the field, therefore I am thinking the luster is subdued. Looks about right at $500 from those pictures.
    I have existed since the creation of this world and will exist until its end. Only my form will change. For these 80 human life years, I have the benefit of having a functioning body and consciousness. I will not waste this opportunity.
  • droopyddroopyd Posts: 5,381 ✭✭✭


    << <i>I was gonna bid $825 max, but I got busy at work. UUUUUGGGHHH >>



    esnipe is your friend image
    Me at the Springfield coin show:
    image
    60 years into this hobby and I'm still working on my Lincoln set!
  • BillJonesBillJones Posts: 34,891 ✭✭✭✭✭


    << <i>

    << <i>I was gonna bid $825 max, but I got busy at work. UUUUUGGGHHH >>



    esnipe is your friend image >>



    So I take that low end AU Reeded Edge 1838 half dollars are worth three times the Gray Sheet? image

    I could see a real "primo" AU-58 bring close to MS-60 money ($840), but a low end AU? image
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • dohdoh Posts: 6,457 ✭✭✭
    With those pics (they're just DLRC pics, right?) there is no way to tell if the coin is high end or low end. It could be a steal for someone or maybe someone overpaid. No way to tell.
    Positive BST transactions with: too many names to list! 36 at last count.
  • FrankcoinsFrankcoins Posts: 4,572 ✭✭✭
    Silver coins with coffee-color toning and no visible luster are heavily discounted in the marketplace.
    Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>

    << <i>

    << <i>I was gonna bid $825 max, but I got busy at work. UUUUUGGGHHH >>



    esnipe is your friend image >>



    So I take that low end AU Reeded Edge 1838 half dollars are worth three times the Gray Sheet? image

    I could see a real "primo" AU-58 bring close to MS-60 money ($840), but a low end AU? image >>

    Regardless of what you think of the coin - and I don't assume, just based on those images, that it is as you describe it - because it has been graded AU58 by a major TPG, it is "worth" considerably more than CDN AU bid. As I understand it, AU in the CDN equates with AU50.
  • BillJonesBillJones Posts: 34,891 ✭✭✭✭✭
    The sign on the eBay offering says "AU-58," but the GRADE ON THE HOLDER is AU-50.

    This is why I'm having a problem understanding this "missed a bargain" discussion. image
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>The sign on the eBay offering says "AU-58," but the GRADE ON THE HOLDER is AU-50.

    This is why I'm having a problem understanding this "missed a bargain" discussion. image >>

    I hadn't looked at the holder, just the coin and the listing title. Based on the information you provided, there was no bargain to be had.image
  • dohdoh Posts: 6,457 ✭✭✭


    << <i>The sign on the eBay offering says "AU-58," but the GRADE ON THE HOLDER is AU-50. >>


    Check again...the coin in the OP's link is in an AU58 holder.
    Positive BST transactions with: too many names to list! 36 at last count.
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>

    << <i>The sign on the eBay offering says "AU-58," but the GRADE ON THE HOLDER is AU-50. >>


    Check again...the coin in the OP's link is in an AU58 holder. >>

    I was about to post the same thing.image
  • BillJonesBillJones Posts: 34,891 ✭✭✭✭✭
    I'm confused. When I click on that link there are TEM 1838 Reeded edge half dollars on the page. Which one did he miss? The best one is an AU-53 CAC and gold shield @ $999.00. There also some raw coins that look like dogs.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • holeinone1972holeinone1972 Posts: 5,368 ✭✭✭
    Auction # 160468973820

    on ebay, my link on O.P. takes me straight to it.
    image
  • mozinmozin Posts: 8,755 ✭✭✭
    I see this coin as a PCGS 50 for visible obverse wear. The other negative, is that I believe the coin to be very dark, based on the look of the NGC holder color. Probably shows no luster through the dark toning.
    I collect Capped Bust series by variety in PCGS AU/MS grades.
  • yellowkidyellowkid Posts: 5,486 ✭
    Why don't you use a snipe program? There is no excuse for missing an auction that you were interested in.
  • PrethenPrethen Posts: 3,461 ✭✭✭
    Those pictures suck. I wouldn't buy that coin based on those pictures. There's no luster apparent, but I'm guessing (if it's accurately graded and problem-free) there should be a lot of luster..
  • WinPitcherWinPitcher Posts: 27,726 ✭✭✭
    Auction ended at a chitty time, I know snipe.

    3 people did. We also have no way of knowing what the amount was of the last snipe.

    The winner won it because the runner up only bid 501.00, The winner could have placed an 850.00 snipe for all anyone knows.


    That's what I tell myself when it happens to me anyway.


    Sorry you lost out.


    Steve


    Good for you.
  • sinin1sinin1 Posts: 7,500 ✭
    looks like AU58 50C to me

    image

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