Why didn't this "Doily" slab command a larger premium?
BustHalfBrian
Posts: 4,158 ✭✭✭
This 1879-P Morgan in a PCGS MS65 "Doily" slab only realized $50 over CDN bid...
Link
While this 1879-S Morgan in a PCGS MS65 "Doily" slab realized almost DOUBLE CDN bid a month earlier...
Link
I'm not by any means a "Doily" holder expert, but I was expecting it to go for upwards of a grand. Judging by the ratio of the 1879-S at 2:1, that sounded like a realistic number, especially in a setting like eBay, where people click "bid" 'til their finger falls off.
Did everyone just fall asleep at the monitor on this one, or do the spreads get smaller as coins' actual values (not in "Doily" holders) increase?
Thanks,
Brian
Link
While this 1879-S Morgan in a PCGS MS65 "Doily" slab realized almost DOUBLE CDN bid a month earlier...
Link
I'm not by any means a "Doily" holder expert, but I was expecting it to go for upwards of a grand. Judging by the ratio of the 1879-S at 2:1, that sounded like a realistic number, especially in a setting like eBay, where people click "bid" 'til their finger falls off.
Did everyone just fall asleep at the monitor on this one, or do the spreads get smaller as coins' actual values (not in "Doily" holders) increase?
Thanks,
Brian
Lurking and learning since 2010. Full-time professional numismatist based in SoCal.
0
Comments
A lot easier to throw an extra hundred or so, than to throw in an extra 600 or so.
The "S" went for ~$242 with almost double bid, as you put it.
The "P" went for ~$785 with the $50 above bid, as you put it.
So, you have to really really really want something and have enough throwaway/discretionary funds to just toss out to do more.
Also, how many of each are recorded and do the bidders that want the doilies already have an "S" and need a "P"? How many doily "P" vs "S" are there for 1879?
Too many unanswered questions to know/care. Neither coin looked outstanding when I looked at your links.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
The name is LEE!
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<< <i>The more expensive the coin inside the holder, the less the rarity of the slab adds to the value. Another example of this is how for certain coins a gold CAC sticker may command 3x or more value of the coin but for a more expensive coin it will add only .1x to the overall value or less. Of course, those numbers are arbitrary and fluctuate constantly depending on the market. >>
this
also applies to marriages and varieties to an extent
.
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I've got one "Doily" for now, but I'm just gonna stick to Bust halves from here on out.
<< <i>I've noticed that there is a doily premium that is more of a fixed dollar amount and is not a multiple of value. For example, a common roosevelt dime that is worth maybe $10 in a regular slab will sell for around $100-$125 or so in a Doily. When you have a $20 gold piece worth around $2000 in a regular slab, it also goes for a premium in a Doily holder, but might sell for $2100 or so. For most coins it seems that "doily premium" is roughly $100-$150 above the normal non-doily value... that seems to work for most coins, whether you're talking about a $10 common dime or a $500 better date Morgan. Of course, some slip through for less of a premium and others end up costing more, espeically those types of coins you don't see in Doily holders as often. >>
agree w/ u, i see that a lot in better date coins. doileys only go for premiums more so when they are on the common stuff.
Really, it's all about scratching the itch - can't afford to buy rare territorials every week, even if they were available.
Regarding the OP - unless you're doing a complete date run of Morgans in Doilies, there's not much reason to pay a large premium - there are alot of them available.
<< <i>
<< <i>The more expensive the coin inside the holder, the less the rarity of the slab adds to the value. Another example of this is how for certain coins a gold CAC sticker may command 3x or more value of the coin but for a more expensive coin it will add only .1x to the overall value or less. Of course, those numbers are arbitrary and fluctuate constantly depending on the market. >>
this
also applies to marriages and varieties to an extent
. >>
Correct.
Generally speaking, the more narrow the market audience, the less a long term premium would apply. Doily Slabs are very popular, but only on these boards. Once that audience gets their "doily" fix, then the market window closes up.
I could see one or two individuals concentrating specifically on Doily slabbed coins but if one of them misses a particular listing, then the premium goes out the window. It takes at least two determined buyers in ANY auction to see any type of premium.
The name is LEE!
Had this coin been housed in an MS 64 holder, it would have drawn more bidders and sold for 2X Trends. That is due not only to the doily, but to the greed factor of thinking it might make MS 65 some day and be worth $700.