The $27,000 Franklin
georgiacop50
Posts: 2,909 ✭✭✭✭
WOW!
Looks to be all there too! I've seen quite a few of these semi-PL 63-P's but never one that had bell lines like this! Congrats to the winner... I think you have the KING of all Franklins there!
Looks to be all there too! I've seen quite a few of these semi-PL 63-P's but never one that had bell lines like this! Congrats to the winner... I think you have the KING of all Franklins there!
0
Comments
I make it a policy not to chase modern coins with low Pop numbers.
Too many will surface in the future.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
I seriously doubt it myself.
<< <i>You honestly think that having finally graded one after 25 years of operation, PCGS will open the floodgates and make more?
I seriously doubt it myself. >>
Once the first 1877 trade dollar was made in MS65 in the mid 2000's the population soon zoomed to 6 within a couple of years
<< <i>
<< <i>You honestly think that having finally graded one after 25 years of operation, PCGS will open the floodgates and make more?
I seriously doubt it myself. >>
Once the first 1877 trade dollar was made in MS65 in the mid 2000's the population soon zoomed to 6 within a couple of years >>
Touche'!
But one could also point out that after the MS66FBL 1953-S was made , it has remained a pop 1 for many years now...
In ten years from now, that coin will not be worth 27K, even with inflation.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Too many positive BST transactions with too many members to list.
Any tips on the tell-tale signs? You can get these in mint/proof sets for a little over melt. You sure could buy a lot of mint sets for $27K.
I'm sure it's not easy; let me know your thoughts.
Wondercoin
<< <i>Why is the new owner of the coin (bought yesterday) presently entertaining offers on it? Am I reading that right?
Wondercoin >>
Maybe because he knows this coin's 'worth' is living on borrowed time.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>
<< <i>Why is the new owner of the coin (bought yesterday) presently entertaining offers on it? Am I reading that right?
Wondercoin >>
Maybe because he knows this coin's 'worth' is living on borrowed time. >>
Having just looked at a lot of other just completed auctions I feel this is may be an automated Heritage feature?
<< <i>
<< <i>
<< <i>Why is the new owner of the coin (bought yesterday) presently entertaining offers on it? Am I reading that right?
Wondercoin >>
Maybe because he knows this coin's 'worth' is living on borrowed time. >>
Having just looked at a lot of other just completed auctions I feel this is may be an automated Heritage feature? >>
That would make more sense.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>
<< <i>
<< <i>Why is the new owner of the coin (bought yesterday) presently entertaining offers on it? Am I reading that right?
Wondercoin >>
Maybe because he knows this coin's 'worth' is living on borrowed time. >>
Having just looked at a lot of other just completed auctions I feel this is may be an automated Heritage feature? >>
And the new owner likely hasn't had time to remove the make an offer thingy.
100% Positive BST transactions
<< <i>Upside is limited, but downside could be BIG. Plus, that is one ugly coin! >>
My first thought when I clicked on the link was "wow if I had owned it I wouldn't have even invested the cert fees and just sold that raw in a cardboard 2x2"
IMO a not particularly good looking coin. Of interest for the toning aficionado though is that there are clear linear toning features on the obverse, which is RELATIVELY common on 1959's and 1960's, but I've never seen them on 1963's. The price is over two orders of magnitude more than I would have spent on the coin.
U.S. Type Set
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
<< <i>Why is the new owner of the coin (bought yesterday) presently entertaining offers on it? Am I reading that right?
Wondercoin >>
That is obvious. He just told his wife about it. "You spent how much on a a coin that was around when I was born??!!!"
My first thought when I clicked on the link was "wow if I had owned it I wouldn't have even invested the cert fees and just sold that raw in a cardboard 2x2"
Back in 1995, I bought a nice roll of '50P at the Anaheim ANA. One coin from the roll I had in a 2X2 marked as MS64 FBL, and was offering it @ $16, with no takers. It had a touch of olive tone, so I finally dipped it, then sent it to ANACS, which returned it as MS66FBL. I subsequently crossed it to PCGS, where it was then a pop 19 coin at the time. I then sold it to a local franklin specialist for $600, who promptly listed and sold it @ $1900. I still have the CW ad it appeared in.
<< <i>I would call it a big gamble. Others will be made eventually and the price will plummet. My opinion of course. Congrats to the seller and the happy buyer. >>
I hate to bring back a thread with a bad link but just feel compelled to point out that no 1960 Franklins have been made in more than half a century.
Anyone who believes that extremely high grade coins are easily found hasn't spent time looking. The fact that about a quarter million1960 Franklins have yet to be checked simply has no bearing on anything. Perhaps half a bag of these will be found but odds are good there are no more.
<< <i>My first thought when I clicked on the link was "wow if I had owned it I wouldn't have even invested the cert fees and just sold that raw in a cardboard 2x2"
Back in 1995, I bought a nice roll of '50P at the Anaheim ANA. One coin from the roll I had in a 2X2 marked as MS64 FBL, and was offering it @ $16, with no takers. It had a touch of olive tone, so I finally dipped it, then sent it to ANACS, which returned it as MS66FBL. I subsequently crossed it to PCGS, where it was then a pop 19 coin at the time. I then sold it to a local franklin specialist for $600, who promptly listed and sold it @ $1900. I still have the CW ad it appeared in. >>
and today's PCGS guide price for the 1950 ms66fbl is $650.00.
A similar trend will develop with this 1960 half.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>
<< <i>Why is the new owner of the coin (bought yesterday) presently entertaining offers on it? Am I reading that right?
Wondercoin >>
Maybe because he knows this coin's 'worth' is living on borrowed time. >>
This is exactly why the seller should try and flip the coin for a profit. There are thousands of these available in nice uncirculated grades so it will never be a rare coin, much better to flip it and put the money into legit rare coins, bullion or pay off some debt.
<< <i>I'd have a tough time spending $40 on it. >>
My icon IS my coin. It is a gem 1949 FBL Franklin.
<< <i>I think I'll stick with my ms65FBL Franklins. Just bought a beautiful 1948 and the lines look carved. And it was 86 bucks.
Indeed,my thoughts exactly.
I think a pig JUST flew!!!
Although, I should note that I enjoyed a wonderful dinner with Dimeman last night. Maybe we will be agreeing even more of the time from now on!
Wondercoin
<< <i>Why is the new owner of the coin (bought yesterday) presently entertaining offers on it? Am I reading that right? >>
Did that coin actually sell at that price or is a buy back by the consignor? I noticed numerous other coins in the completed auction log that also are being shown with sale offers. Are those all coins that did not meet reserve or were bought back by the consighor?
CG
No really...$27k? You must be joking.
Lance.
Give me a break...
siliconvalleycoins.com
<< <i>
<< <i>I would call it a big gamble. Others will be made eventually and the price will plummet. My opinion of course. Congrats to the seller and the happy buyer. >>
I hate to bring back a thread with a bad link but just feel compelled to point out that no 1960 Franklins have been made in more than half a century.
Anyone who believes that extremely high grade coins are easily found hasn't spent time looking. The fact that about a quarter million1960 Franklins have yet to be checked simply has no bearing on anything. Perhaps half a bag of these will be found but odds are good there are no more. >>
Anyone who believes that extremely high grade coins are easily found hasn't spent time looking.
Very true! And most posters can only back their comments from a "just glancing" point of view.
From the pics the obverse appears boldly struck. The three wisps appear to be nearly fully struck, nice defined hair and portrait detail, the letters are holding their higher ridges while on the reverse they appear softer in detail But the upper bell lines, unless they are wiped out from the lighting, are simply not there in the photo. But every time Franklins are the topic, there are no experts offering their opinions on the grade, strike and eye appeal for this series. The master hubs were in their 16th year of production, what should we expect in quality for a coin of this year? Silver was a lot softer than the copper-nickel alloy used for Jefferson nickels so it's likely they used less pressure to strike the Franklins.
On another note, should we be talking about a guy's purchase before he gets the coin or the return policy expires?
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
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......
<< <i>It's kind of a homely looking Frankie in the eye appeal department as the so called described "patches of gold and yellow toning on each side" just look like muck. >>
I agree. If the eye appeal was there, I might see a large hammer price, but the coin is neutral at best (and I think ugly). I believe the owner will be buried in it.
Eric
<< <i>On another note, should we be talking about a guy's purchase before he gets the coin or the return policy expires?
Leo >>
What's the return policy?
Lance.
<< <i>
<< <i>On another note, should we be talking about a guy's purchase before he gets the coin or the return policy expires?
Leo >>
What's the return policy?
Lance. >>
And even if there was one, why should it matter? It is a public auction. Surely there will be someone or some people in the collecting universe that dislike this coin (or any other coin in existence for that matter). I doubt the winning bidder cares about the opinions of any of the posters in this thread.
<< <i>
Very true! And most posters can only back their comments from a "just glancing" point of view.
From the pics the obverse appears boldly struck. The three wisps appear to be nearly fully struck, nice defined hair and portrait detail, the letters are holding their higher ridges while on the reverse they appear softer in detail But the upper bell lines, unless they are wiped out from the lighting, are simply not there in the photo.
BUT EVERY TIME FRANKLINS ARE THE TOPIC, THERE ARE NO EXPERTS OFFERING THEIR OPINIONS ON THE GRADE, STRIKE AND EYE APPEAL FOR THIS SERIES.
The master hubs were in their 16th year of production, what should we expect in quality for a coin of this year? Silver was a lot softer than the copper-nickel alloy used for Jefferson nickels so it's likely they used less pressure to strike the Franklins....
Leo >>
Gosh, Leo, I guess GeorgiaCop50 or JCarney or myself don't know our Franklins.
FWIW I stated my opinion pretty clearly I thought. I mentioned about the strike, e.g. the FBL, and I even mentioned about the odd toning pattern for the date/mm (although IMO the coin is 100% NT). I also stated that the person that bought this coin overpaid by a factor of AT LEAST 100 times more than I would have paid for the coin.
I didn't mention any more about the strike than the FBL because, inherent in my thoughts about a 1963 Franklin is that the Franklin master dies were redone in 1960 because of the degradation of 12 years of use. For all intents and purposes most Franklins from 1960 on have good details in their hair wisps etc. The issue is that the new master dies didn't have as deep a cut for the bell lines, hence the relative difficulty of finding FBL Franklins in the 1960's. Take a look at a common 1959 Franklin and compare it to a common Franklin from the 1960's and you'll see the difference as to the level of detail. I hope that that answers your questions and that at some point in the future you will educate us poor Franklin collectors with words of wisdom from the series that you collect.
U.S. Type Set
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces