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Why $10k For This Coin?

$9987.50

Checked for the '"Line thru L" VAM - not that. The strike is great and all, but 5x-market-value great?

My last guess would be struck from matte proof dies, however I don't know the diagnostics for such a coin. Someone please enlighten me. image
Lurking and learning since 2010. Full-time professional numismatist based in SoCal.

Comments

  • BarndogBarndog Posts: 20,515 ✭✭✭✭✭
    crackout, 66+ shot? Not my game, but many do quite well at finding upgrades
  • BustHalfBrianBustHalfBrian Posts: 4,191 ✭✭✭✭


    << <i>crackout, 66+ shot? Not my game, but many do quite well at finding upgrades >>



    Someone's dreaming if they think that coin is 66+
    Lurking and learning since 2010. Full-time professional numismatist based in SoCal.
  • Strong strike, toning viewed in hand much better than images and other than that I don't know as it is not a proof because it is missing the die polish lins in the key areas. I am going to have to sell my 21 that was struck with the proof dies and looks dam close to a circulated proof including die polish lines.
  • FullStrikeFullStrike Posts: 4,353 ✭✭✭
    That PT Barnum was one smart guy !
  • morgansforevermorgansforever Posts: 8,470 ✭✭✭✭✭
    Old holder, above average detail above the ear? Don't know but the seller must of been happy.
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • BryceMBryceM Posts: 11,851 ✭✭✭✭✭
    Happy consignor. Apart from that, ???????
  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭
    I wonder if the underbidder is disappointed........ image
    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,555 ✭✭✭✭✭
    Because $11K was stretching it just a little.
  • BillJonesBillJones Posts: 34,758 ✭✭✭✭✭
    The strike is above average, but I cannot justify that price. I don't see that as a candidate for a crack out.
    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 ... ?
  • csdotcsdot Posts: 706 ✭✭✭✭
    What are those black marks on the obverse at 8:00 and 9:00?
  • ShamikaShamika Posts: 18,785 ✭✭✭✭


    << <i>What are those black marks on the obverse at 8:00 and 9:00? >>



    Looks like contact toning.

    Buyer and seller of vintage coin boards!
  • ShamikaShamika Posts: 18,785 ✭✭✭✭
    I think this is one of those cases where two bidders put in a nuclear bids not counting on anyone giving them serious competition. Unfortunately, the winner was left holding the bag.



    Buyer and seller of vintage coin boards!
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    Judging from the images only it looks a lot like the one I had in my Everyman set a few years back. image
  • BUFFNIXXBUFFNIXX Posts: 2,726 ✭✭✭✭✭
    I wonder if the winning bidiot thought he/she was getting an unattributed matte or satin finish proof?
    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"


  • << <i>I think this is one of those cases where two bidders put in a nuclear bids not counting on anyone giving them serious competition. Unfortunately, the winner was left holding the bag. >>



    I agree, there are quite a few OGH peace dollar set builders out there but still that is a hard price to comprehend.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I agree with Shamika and Crypto.... nuclear bid that the bidder never believed would be placed...Cheers, RickO
  • Some people have the $$$ to stretch beyond reason. There are much worse purchases for potential resale value. All you have to do is find someone who sees a collectible as of the same value as you do of which there are millions of potential bidders/buyers.
  • OldIndianNutKaseOldIndianNutKase Posts: 2,715 ✭✭✭✭✭
    We have to wonder what the bidder and the underbidder were thinking......... or maybe the shill won the bid. Oops.

    OINK
  • BustHalfBrianBustHalfBrian Posts: 4,191 ✭✭✭✭


    << <i>We have to wonder what the bidder and the underbidder were thinking......... or maybe the shill won the bid. Oops.

    OINK >>



    Shill bid crossed my mind. How would HA handle such a situation? Would they treat it as criminal?
    Lurking and learning since 2010. Full-time professional numismatist based in SoCal.
  • amwldcoinamwldcoin Posts: 11,269 ✭✭✭✭✭


    << <i>

    << <i>We have to wonder what the bidder and the underbidder were thinking......... or maybe the shill won the bid. Oops.

    OINK >>



    Shill bid crossed my mind. How would HA handle such a situation? Would they treat it as criminal? >>



    LOL! No, they take their commission and keep on truckin!
  • coindeucecoindeuce Posts: 13,496 ✭✭✭✭✭
    For those of you that are not VAMGEEKS, it is an R-7 TOP 50 VAM. Probably the top two Registry set owners were going toe to toe for what may be the finest known of this VAM
    The bidders may have seen it as better than a 65, as there are already 10 - 65's in the census. image

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

  • dupe post


  • << <i>For those of you that are not VAMGEEKS, it is an R-7 TOP 50 VAM. Probably the top two Registry set owners were going toe to toe for what may be the finest known of this VAM
    The bidders may have seen it as better than a 65, as there are already 10 - 65's in the census. image >>



    I disagree, it isn't a vam-3 to these eyes lacking the diagnostic mushy centers or the line through the actual L for that matter. Also the vam-3 is a common enough coin in UNC and gem not to elicit that price, I personally have owned two 64s only avg about 1k for their sale both in P64 artrubuted and one was under graded.
  • coindeucecoindeuce Posts: 13,496 ✭✭✭✭✭
    You're right John. I misread the OP's remarks. I do believe however that it may be a rare Peace VAM that two Registry set owners were vying for. I believe Eric Justice is a member here, and may offer better insight if he is made aware of the thread.

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

  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    If not some undiscovered VAM probably just good old OGH fever on a coin with a decent strike. Eye appeal, toning, and contact marks look just average to me. I've been involved with a nuclear bid on a so-so coin before so I know it can happen. The consignor got a wonderful Christmas present here.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold

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