<< <i>Can you imagine a better forum than this?? Having the chance to "hear" the consignor and buyer of a $10 mil coin give us their insights?? Pretty dang cool! >>
<< <i>The coin looks the same as when it was graded in 1990. It is at best a 66. When one learns the nuances of grading early copper and what the collectors did in the early days to conserve it then one can understand the price of a coin whether it is too little or too much according to the PCGS number on the insert. Another question you might ask yourself is why an 1852 graded ms 65 red brought more than $ 32,000 ?
Stewart >>
Nicest Chain Cent I saw was in PC 66 in an OGH. As a matter of first impression, if a 200 plus year old coin is in an MS 69 holder, it's overgraded. I remember the Nafziger 1852 5 RD cent going for $32K. I found that very entertaining, for all of the wrong reasons. If someone's going to make a fool out of himself, I pull up a chair and watch.
"Vou invadir o Nordeste, "Seu cabra da peste, "Sou Mangueira......."
The MS69 seems to bounce around. Here is an example where a great coin gets negative vibes because it's in too high of a holder. If the holder was appropriate to the quality, then the coin could be appreciated for what it is, rather than being a source of disappointment.
<< <i>The MS69 seems to bounce around. Here is an example where a great coin gets negative vibes because it's in too high of a holder. If the holder was appropriate to the quality, then the coin could be appreciated for what it is, rather than being a source of disappointment. >>
It is a good point of perception influencing reality. At my station in life i am Always amazed when a under graded AU50/53 sells for more then an overgraded AU58. Happens all the time which is a symptom of the same phenomenon.
TDN: <<The MS69 seems to bounce around. Here is an example where a great coin gets negative vibes because it's in too high of a holder. If the holder was appropriate to the quality, then the coin could be appreciated for what it is, rather than being a source of disappointment. >>
One dealer on the East Coast owned it, or at least controlled it, for many years. I was astonished when Cardinal bought it. I sort of expected it to be brokered by a telemarketer.
Crypto79: <<It is a good point of perception influencing reality. At my station in life i am Always amazed when a under graded AU50/53 sells for more then an overgraded AU58. Happens all the time which is a symptom of the same phenomenon. >>
Exactly, when a coin is overgraded, people often have a negative feeling about it. Even worse, if a great coin is overgraded, the fact that it is overgraded often becomes the thrust of conversations about the respective coin, rather than its greatness. Some coins may realize higher amounts at auction if they are downgraded.
I remember the Nafziger 1852 5 RD cent going for $32K. I found that very entertaining, for all of the wrong reasons. If someone's going to make a fool out of himself, I pull up a chair and watch.
How many 1852 Large Cents exist that can put a big grin on your face, just by looking at them? That one did it for me. Whatever the "right grade" is, that coin is in a class of its own. Not that I bought it, or even came close. But I understood it.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Comments
<< <i>Just re-sold tonight for $410k plus the juice >>
What? The 1794 dollar? Seems like solid value at that level
<< <i>Can you imagine a better forum than this?? Having the chance to "hear" the consignor and buyer of a $10 mil coin give us their insights?? Pretty dang cool!
<< <i>
<< <i>Just re-sold tonight for $410k plus the juice >>
What? The 1794 dollar? Seems like solid value at that level
<< <i>The coin looks the same as when it was graded in 1990. It is at best a 66. When one learns the nuances of grading early copper and what the collectors did in the early days to conserve it then one can understand the price of a coin whether it is too little or too much according to the PCGS number on the insert.
Another question you might ask yourself is why an 1852 graded ms 65 red brought more than $ 32,000 ?
Stewart >>
Nicest Chain Cent I saw was in PC 66 in an OGH. As a matter of first impression, if a 200 plus year old coin is in an MS 69 holder, it's overgraded.
I remember the Nafziger 1852 5 RD cent going for $32K. I found that very entertaining, for all of the wrong reasons. If someone's going to make a fool out of himself, I pull up a chair and watch.
"Seu cabra da peste,
"Sou Mangueira......."
<< <i>The MS69 seems to bounce around. Here is an example where a great coin gets negative vibes because it's in too high of a holder. If the holder was appropriate to the quality, then the coin could be appreciated for what it is, rather than being a source of disappointment. >>
It is a good point of perception influencing reality. At my station in life i am Always amazed when a under graded AU50/53 sells for more then an overgraded AU58. Happens all the time which is a symptom of the same phenomenon.
One dealer on the East Coast owned it, or at least controlled it, for many years. I was astonished when Cardinal bought it. I sort of expected it to be brokered by a telemarketer.
Crypto79: <<It is a good point of perception influencing reality. At my station in life i am Always amazed when a under graded AU50/53 sells for more then an overgraded AU58. Happens all the time which is a symptom of the same phenomenon. >>
Exactly, when a coin is overgraded, people often have a negative feeling about it. Even worse, if a great coin is overgraded, the fact that it is overgraded often becomes the thrust of conversations about the respective coin, rather than its greatness. Some coins may realize higher amounts at auction if they are downgraded.
Cardinal Collection Results, Part 1: 1792 to 1794
1804 Silver Dollar
How many 1852 Large Cents exist that can put a big grin on your face, just by looking at them? That one did it for me. Whatever the "right grade" is, that coin is in a class of its own. Not that I bought it, or even came close. But I understood it.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
What? The 1794 dollar? Seems like solid value at that level
That's what I thought, 25 years ago.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.