Home U.S. Coin Forum
Options

If you see this on Collector's Corner

topstuftopstuf Posts: 14,803 ✭✭✭✭✭
PCGS Price Guide: * $12,000.00
Auction Prices Realized: * $7,603.20 avg price (PCGS)


and the price is $14,500....

would you be tempted to want to look at it?
image

Comments

  • WaterSportWaterSport Posts: 6,911 ✭✭✭✭✭
    No!

    WS
    Proud recipient of the coveted PCGS Forum "You Suck" Award Thursday July 19, 2007 11:33 PM and December 30th, 2011 at 8:50 PM.
  • BillJonesBillJones Posts: 34,757 ✭✭✭✭✭
    It depends upon what it is. There are some items you never see and are willing to pay a high price for them.

    But ....

    Chances are no ...

    But it doesn't cost anything to look.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 ... ?
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    Sure as I'd want to see what it is and what makes it so special?
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • coinbufcoinbuf Posts: 11,802 ✭✭✭✭✭


    << <i>Sure as I'd want to see what it is and what makes it so special? >>




    +1 Look yes, buy well that would depend.
    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
  • coindeucecoindeuce Posts: 13,496 ✭✭✭✭✭
    PCGS Guide Prices are not based solely on Auction Prices Realized, and without knowing the timeline for the comps in the auction archives, the APR is also irrelevant to the peeps responding to your announcement.
    Happy Festivus Rollo ! image

    "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
    http://www.american-legacy-coins.com

  • AMRCAMRC Posts: 4,280 ✭✭✭✭✭
    If you did not at least take a look you have missed an opportunity to maybe learn something. Many, many times I have seen "weird" pricing and when I actually look at the coin I find a myriad of reasons (like an error, bad data, and undisclosed variety or attribute) that was not discernible from just the description.

    MLAeBayNumismatics: "The greatest hobby in the world!"
  • leothelyonleothelyon Posts: 8,484 ✭✭✭✭✭
    I have clicked on a couple Jefferson nickels with 5 figures expecting to see a spectacular coin...........no. A coin to demand that kind of money, especially when it's from a modern series, must have it all...with complete details of a strike, most lustrous and practically no marks whatsoever. But they are selling for ulterior motives that have nothing to do with defining a true collector of high quality coins. Yes, the coin needs to be supreme in all the qualities including full details, condition and luster. Color is also a nice addition but its not the sole basis for a high grade.



    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • CoinRaritiesOnlineCoinRaritiesOnline Posts: 3,681 ✭✭✭✭


    << <i>PCGS Price Guide: * $12,000.00
    Auction Prices Realized: * $7,603.20 avg price (PCGS)


    and the price is $14,500....

    would you be tempted to want to look at it?
    image >>



    The auction prices could all be prior to, say, 2004, so I would not dismiss it without further study.
  • BryceMBryceM Posts: 11,851 ✭✭✭✭✭
    Average prices are for average coins.

    If you're looking at above-average coins, average prices may be of little importance.

    As with most overly-generalized questions, the answer "depends".
  • BaleyBaley Posts: 22,663 ✭✭✭✭✭
    Yeah, it depends. Where are you going with this, OP?

    Liberty: Parent of Science & Industry

  • winkywinky Posts: 1,671
    Only if I hit the lottery and then I would like to know if it would put me in control of the price guide for PCGS!!
  • MilkmanDanMilkmanDan Posts: 3,761 ✭✭✭✭✭
    Only if it's top stuff.
  • CalGoldCalGold Posts: 2,608 ✭✭
    Would you be interested in buying this:

    Auction price realized less than $900 grade 64
    Crack out
    New grade 66+
    Crack out again since going from 64 to 66+ was not good enough
    New grade 67
    Offering price: $12,000

    CG

  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    Is it still in it's old holder?
  • NapNap Posts: 1,755 ✭✭✭✭✭


    << <i>PCGS Price Guide: * $12,000.00
    Auction Prices Realized: * $7,603.20 avg price (PCGS)


    and the price is $14,500....

    would you be tempted to want to look at it?
    image >>



    Probably would look at it. I would hope that 12 grand buys something at least somewhat rare. If I'm so heavily interested in the issue that I know the average auction price, I'd want to see as many examples as possible.

    Doesn't mean I'd want to buy it, but looking doesn't hurt.
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭


    << <i>Only if it's top stuff. >>



    image
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭


    << <i>Yeah, it depends. Where are you going with this, OP? >>



    To Ye Olde Curiosity Shoppe. image

    And my name ain't Opie. image
  • lasvegasteddylasvegasteddy Posts: 10,432 ✭✭✭


    << <i>Would you be interested in buying this:

    Auction price realized less than $900 grade 64
    Crack out
    New grade 66+
    Crack out again since going from 64 to 66+ was not good enough
    New grade 67
    Offering price: $12,000

    CG >>


    wow
    64 to 66+ to 67

    quite a difference in a 64 coin to 67 coin
    was this dipped/restored/conserved or something in between ?
    is the 67 to get a bean next?

    could you imagine being the one who sold it in the 64 holder to see it in a 67 holder now image
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭


    << <i>

    could you imagine being the one who sold it in the 64 holder to see it in a 67 holder now image >>



    Yes!

    But only from a 64 to a 66....

    image

    image
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭


    << <i>Would you be interested in buying this:

    Auction price realized less than $900 grade 64
    Crack out
    New grade 66+
    Crack out again since going from 64 to 66+ was not good enough
    New grade 67
    Offering price: $12,000

    CG >>




    If those upgrades were in the past 5 years I wouldn't go out of my way to look at this. The low hanging fruit is likely picked. But, never say never with grading. I cannot think of any coins I looked at in the 1987-1990
    coin market that were 64's back then, and are in 67 holders today.....never mind wanting to own such a coin today at the higher price. A 2 point grade shift is about the largest I have seen in gem bust, barber, seated type coins. The majority have moved up at most 1 point or no points. A 64.9 from 1988 does have a shot at making 67.0 today....but very rare to do so in gem silver type.

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭


    << <i>

    << <i>

    could you imagine being the one who sold it in the 64 holder to see it in a 67 holder now image >>



    Yes!

    But only from a 64 to a 66....

    image

    image >>




    That's still an incredible swing for gem unc seated dollars as they experienced some of the smallest gradeflation among all choice/gem us silver type coins. An MS65 back in 1988 was a whale of a coin. And a PCGS MS65 today
    is still a whale of a coin. That's hard to say for a lot of other series. Most of the PCGS MS66's in holders today were MS65's 25 years ago. 64 to 66 is quite a jump. But if the coin were a 64.9, a jump to 67.0 is still basically
    2 pts. I'm not aware of any MS64 seated coins from the 1988-1990 market that have gone up to MS67. No doubt there are some. And very unusual. Could be a monster toner that had one minute facial hairline that was
    verboten in 1988. Today a facial hairline might only keep a coin from a MS68 grade if it was wonderful in all other aspects. Wonder how long that 1871 seated dollar stayed in a 64 holder for?????
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • Type2Type2 Posts: 13,985 ✭✭✭✭✭
    It does not hert to look. It's like not asking you will never know if you dont ask and it can cost you a lot of $$$ if you dont. But that is just me dumb Type2.


    Hoard the keys.
  • DeepCoinDeepCoin Posts: 2,781 ✭✭✭
    All the to and fro about what a coin used to be has little meaning. The question is what is the coin worth in today's market. Markets are made by a willing seller and a knowledgable buyer. Finding someone to overpay is not part of an efficient market. It is like saying a bag of potato chips is $10. Sure, someone with the munchies at midnight may buy the last one, but that is not the market for that product. Just and outlier buyer.
    Retired United States Mint guy, now working on an Everyman Type Set.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,552 ✭✭✭✭✭
    Every coin is looking for a happy collector. I'd help a happy collector find a coin even if I had to look in their corner.
  • leothelyonleothelyon Posts: 8,484 ✭✭✭✭✭
    < Markets are made by a willing seller and a knowledgable buyer.>

    Not necessarily, more based where they're at with experience. There are a few who make large purchases just for the registry points. They could care less about the quality of the coin or the lack of knowing. My last two buyers of 5 and 4 figure coins, had their wits about them. They were very knowledgeable.

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • bigjpstbigjpst Posts: 3,173 ✭✭✭✭✭
    I would definitely look. Coinfacts will put AU details auction results in the AU50 category, XF details in the XF40 category and etc. Several times I have been looking at prices and all the recent results have been for details coins with prices way below guide.
  • If it's that much, I might as well have sex with it.

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file