Boy did I get a big grading shock!
DennisH
Posts: 13,963 ✭✭✭✭✭
I recently sent some more coins that belong to a relative to Great Collections for its "grade and auction" program. All went to PCGS and only one was a foreign coin, but what a grade shock it hit me with!
The coin is a toned 1905 Philippines peso. I'm a Morgan dollar guy, so pretty much all I knew about them that they existed. When I tried to grade it I pretended it was a Morgan, and because it is toned... well, I pretty much just guessed on the low side. I told my relative I thought it was an AU58 that would bring $125 or so.
Ha ha ha ha!!!
It came back from PCGS as Proof-64 and 1905 is the second lowest mintage in the series, just 471 pieces. As near as I can tell from limited Heritage auction records, its value is more like $2,000+. Maybe a lot +? I have no clue.
It's coin number 425286 in the auction if anyone would like to take a look.
Comments
Congrats! Nice score.
8 Reales Madness Collection
greatcollections.com/Coin/425286/1905-US-Philippines-One-Peso-PCGS-Proof-64
Good luck, nice score!
Attractive peso. Good luck!
Jeff
Wow! That's impressive. Good luck.
Numismatic Asset Management
"helping rare coin buyers avoid critical mistakes"
Stick to what you know.....................Just kidding, hope it sells well at auction, good luck.
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
Winning hammer bid Sunday was $4,300. My relative is jazzed!