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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.
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.

Lurking and learning since 2010. Full-time professional numismatist based in SoCal.
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Comments
<< <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+
``https://ebay.us/m/KxolR5
Indian Head $10 Gold Date Set Album
<< <i>What are those black marks on the obverse at 8:00 and 9:00? >>
Looks like contact toning.
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.
OINK
<< <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?
<< <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!
The bidders may have seen it as better than a 65, as there are already 10 - 65's in the census.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
<< <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.
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.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com