Some of the prices for green CAC Au58's seem high. Do people think they are going to upgrade to MS or why did they sell for so much? This one I thought was one of the nicer ones but that is MS63 money.
Some of the prices for green CAC Au58's seem high. Do people think they are going to upgrade to MS or why did they sell for so much? This one I thought was one of the nicer ones but that is MS63 money.
Pretty typical for nice 58's in a high demand series!
Some of the prices for green CAC Au58's seem high. Do people think they are going to upgrade to MS or why did they sell for so much? This one I thought was one of the nicer ones but that is MS63 money.
They did a good job hyping the Hamilton Collection and it brought a lot of money out. I would guess that some of the coins will not find the same prices once they are put back up for auction individually.
Originally posted by: travelingman Some of the prices for green CAC Au58's seem high. Do people think they are going to upgrade to MS or why did they sell for so much? This one I thought was one of the nicer ones but that is MS63 money.
They did a good job hyping the Hamilton Collection and it brought a lot of money out. I would guess that some of the coins will not find the same prices once they are put back up for auction individually.
I looked at the collection in person at ANA. The bust halves were fabulous. When I was actively seeking bust halves in choice AU condition, I would often go months to a year before finding acceptable coins. There were at least 15 AU graded halves in that set that would have made the cut for my collection. That is phenomenal.
Some of the coins did go for stupid money (included a reeded edge half that I bought), but some coins, like many of the ones that he had in his set are nice ones to be buried with.
This coin I have no notes on. I vaguely remember it being nice, but not noteworthy amongst many exceptional coins. If it stood on its own, it probably would have been among the nicest in the auction, but was average for the hamilton collection.
I didn't see the collection in person, but it appears there were lots of coins in this collection that were really nice coins for the grade (most in old holders with stickers) that brought incredibly strong prices (which shouldn't be that surprising). What was surprising to me was that a lot of the coins had what appeared to be very original, but somewhat dark surfaces and still brought those prices. Personally, I kind of like this look, but I've found coins with this look that I've sold to be tough sells, so I was surprised at the prices they brought.
Bust Half dollars were mostly stored in banks to back the currency, similar to the role of the Morgan dollars in the 1880's. However, rather than being stored in bags, the were stored in boxes, neatly stacked. That is why nearly all Bust Half dollars show compression marks on the high points. It looks like wear and truthfully should be graded as wear, but more and more bust collectors are ignoring them as a fact of life for this issue. A few bidders must have seen a MS63 coin rather than an AU. I grade it Gem AU (9: 3,3,3) Nothing special on the strike or die factor and given the scratches, too many marks for anything better than a 3 on the Planchet factor. Certainly AU, but a Gem AU.
Some of the prices for green CAC Au58's seem high. Do people think they are going to upgrade to MS or why did they sell for so much? This one I thought was one of the nicer ones but that is MS63 money.
Au58 is that magical grade for the everyman's registry collection. Add a green CAC sticker and it is even more attractive.
Walker Proof Digital Album 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......
Multiple layers of collectibility for the coin the OP posted: AU 58 grade + OGH + CAC sticker + attractive toning + a widely collected series = a very nice formula for generating auction competition.
Always looking for tougher PSA 10's of Nolan Arenado, Alex Bregman, Mookie Betts, Francisco Lindor, and Mike Trout.
If the same coin were in a MS62/63 holder I suspect many people would say it was too dark or luster muted to ever be truly eye appealing. In a 58 CAC holder it appears none of that matters. Looks like a run of the mill bust half to me though in a technical 58 grade.
I'm surprised to see a common 1830s date go for such strong money. For that price, I think the coin must have drop-dead, astounding eye appeal in person that did not quite show up in the photos.
I grade it Gem AU (13: 3,3,3) Nothing special on the strike or die factor and given the scratches, too many marks for anything better than a 3 on the Planchet factor. Certainly AU, but a Gem AU.
I grade it Gem AU (13: 3,3,3) Nothing special on the strike or die factor and given the scratches, too many marks for anything better than a 3 on the Planchet factor. Certainly AU, but a Gem AU.
Shouldn't the "qualifier" be 9?
Lance.
Sharp eye there, Lance. I missed it too! I fixed the post, thanks.
Although I like the toning and I definitely believe it's market acceptable, I have always thought this particular 'look' (green color and lack of luster) is a professionally done artificially toned coin that was once white and most likely lacking luster from a few too many dips.
"Gold is money, and nothing else" (JP Morgan, 1912)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
Personally I don't care for these late dates/bullion. The coin probably looks OK. I'd like to believe it's closing price has to do with the originality the previous poster mentioned. I'm sure it does some. But I believe it's the all mighty AU-58 grade (which I don't buy anymore) the OGH L@@K, and the sticker thing.
The current market is completely nuts over this combination.
Please... Save The Stories, Just Answer My Questions, And Tell Me How Much!!!!!
The coins were very nice overall in this collection. I have seen coins in MS63 holders not as nice as many of these AU58 coins. Many were also purchased out of major sales raw as MS63's but most of those were in NGC holders. Some coins were clearly UNC's that got the lightest of rubs where they could be in UNC holders without a second look as they are original and never cleaned or doctored coins.
Comments
LOT #7737
Sold for: $2,467.50
1835 50C AU58 PCGS. CAC. PCGS Population (137/166). NGC Census: (137/174). Mintage: 5,352,006. CDN Wsl. Price for problem f...
Had that one in my watch list until the price blew up!
Same here.
I liked it. Just not at that price.
Some of the prices for green CAC Au58's seem high. Do people think they are going to upgrade to MS or why did they sell for so much? This one I thought was one of the nicer ones but that is MS63 money.
Pretty typical for nice 58's in a high demand series!
Some of the prices for green CAC Au58's seem high. Do people think they are going to upgrade to MS or why did they sell for so much? This one I thought was one of the nicer ones but that is MS63 money.
They did a good job hyping the Hamilton Collection and it brought a lot of money out. I would guess that some of the coins will not find the same prices once they are put back up for auction individually.
Some of the prices for green CAC Au58's seem high. Do people think they are going to upgrade to MS or why did they sell for so much? This one I thought was one of the nicer ones but that is MS63 money.
They did a good job hyping the Hamilton Collection and it brought a lot of money out. I would guess that some of the coins will not find the same prices once they are put back up for auction individually.
Some of the coins did go for stupid money (included a reeded edge half that I bought), but some coins, like many of the ones that he had in his set are nice ones to be buried with.
This coin I have no notes on. I vaguely remember it being nice, but not noteworthy amongst many exceptional coins. If it stood on its own, it probably would have been among the nicest in the auction, but was average for the hamilton collection.
John
siliconvalleycoins.com
Lance.
Had that one in my watch list until the price blew up!
Same here.
I liked it. Just not at that price.
This was my first thought.
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Some of the prices for green CAC Au58's seem high. Do people think they are going to upgrade to MS or why did they sell for so much? This one I thought was one of the nicer ones but that is MS63 money.
Au58 is that magical grade for the everyman's registry collection. Add a green CAC sticker and it is even more attractive.
I grade it Gem AU (13: 3,3,3)
Way too confusing.
This was another one I thought was really nice, "Only" $1500
Do you all feel this one was nicer? Was it a "better deal"?
This was another one I thought was really nice, "Only" $1500
Do you all like this one better?
Was it a "better deal"?
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......
Always looking for tougher PSA 10's of Nolan Arenado, Alex Bregman, Mookie Betts, Francisco Lindor, and Mike Trout.
AU58 Grren CAC with color that sold for $2500
If the same coin were in a MS62/63 holder I suspect many people would say it was too dark or luster muted to ever be truly eye appealing. In a 58 CAC holder it appears none of that matters. Looks like a run of the mill bust half to me though in a technical 58 grade.
I grade it Gem AU (13: 3,3,3) Nothing special on the strike or die factor and given the scratches, too many marks for anything better than a 3 on the Planchet factor. Certainly AU, but a Gem AU.
Shouldn't the "qualifier" be 9?
Lance.
- Jim
I grade it Gem AU (9: 3,3,3)
Way too confusing.
How about Gem AU (9). Is that confusing?
I grade it Gem AU (13: 3,3,3) Nothing special on the strike or die factor and given the scratches, too many marks for anything better than a 3 on the Planchet factor. Certainly AU, but a Gem AU.
Shouldn't the "qualifier" be 9?
Lance.
Sharp eye there, Lance. I missed it too! I fixed the post, thanks.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Nice coin, but it sure deserved better pictures than the ones in the Heritage auction.
How much more than the closing price do you believe this one would have sold for with better photos?
peacockcoins
Coin Club Benefit auctions ..... View the Lots
Personally I don't care for these late dates/bullion. The coin probably looks OK. I'd like to believe it's closing price has to do with the originality the previous poster mentioned. I'm sure it does some. But I believe it's the all mighty AU-58 grade (which I don't buy anymore) the OGH L@@K, and the sticker thing.
The current market is completely nuts over this combination.