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JBN
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The pictures in the two posts indicate, to my eye, that this is the same dollar.
Sold at last FUN for $11500:
1885-CC MS66 DMPL Old Green Holder
For sale in Houston this month:
1885-CC MS66 DMPL in new holder - no plus
Price guide gives $11500 for MS66 DMPL and $18,750 for MS66+ DMPL.
Shame the old green holder is gone.
Will the seller recoup his investment?
Sold at last FUN for $11500:
1885-CC MS66 DMPL Old Green Holder
For sale in Houston this month:
1885-CC MS66 DMPL in new holder - no plus
Price guide gives $11500 for MS66 DMPL and $18,750 for MS66+ DMPL.
Shame the old green holder is gone.
Will the seller recoup his investment?
0
Comments
Sale 1177, Lot 182003, Dec 2012
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
<< <i>Will the seller recoup his investment? >>
Even with Heritages favorable re-list policy in less than a year and the current economy I do not think so. Seems like Morgans prices have weakened across the board in the last year.
<< <i>I do think that the seller will recoup his investment, especially given the DMPL designation. Ask any Morgan collector about DMPL/PL standards and they will tell you that the standards have changed and tightened considerably since the days of the old green holders for PCGS (and old no line fatties for NGC) coins. Many coins that are in DMPL OGH would only end up PL or so today. I think the seller will make out just fine. >>
My thoughts exactly. There are DMPLs in old holders that would be lucky to be called PL today.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
<< <i>Maybe the holder was damaged. >>
one can hope
Post auction buy at $11750.
Could this be a case where the new PCGS 'stay in the holder' regrade would have worked better - preserve the old green holder?
<< <i>Could this be a case where the new PCGS 'stay in the holder' regrade would have worked better - preserve the old green holder? >>
my first thought. coins like this will easily get resubmitted several times for the reconsideration in older holders and everyone coming along thinking, ooo will this upgrade and if not no harm no foul
good thing? at least the holders get preserved
.
<< <i>
<< <i>Could this be a case where the new PCGS 'stay in the holder' regrade would have worked better - preserve the old green holder? >>
my first thought. coins like this will easily get resubmitted several times for the reconsideration in older holders and everyone coming along thinking, ooo will this upgrade and if not no harm no foul
good thing? at least the holders get preserved
. >>
PCGS has demonstrated adeptness in it business model - which is to generate revenue, of course. Source of revenue - coin submissions. This policy will generate multiple submissions.
You echo my thoughts on this policy.
The PCGS policy matches that of CAC - where they will not identify coins that do not sticker, resulting in re-submission of the same coins.
Thinking long term, one could conclude that OGHs would eventually get the reputation of not having upgrade potential, whereas pronged holders already divulge their status regarding a plus grade.
I still like the policy for the fact, as you state, that OGH will be preserved. The knowledge that a coin is stable for over 20 years in a holder and is not likely to 'go south' has value to me.