Thanks, Dimitri. Threw it up on eBay while deciding where to consign it and it sold almost immediately. The buyer received it today and followed up with a thank you email. Apparently he's been looking for an example like this for a while.
Man, what a detective Zohar has become! And he didn't even haave any skin in the game, nor was it exactly his area of coins. Not mine either, but it was a tempting coin to buy, especially at Roman's reasonable price.Seems people see potential for even more flips, adding almost 50% or more Ι guess to its initial value.
Ebay has been flooded with fakes of various Mexican crown sized coins lately. Not good fakes but folks are going to get burned and maybe the value of the slabbed coins will go up . Might be a good type to hold a bit if its slabbed.
It was a neat experiment heavily relied on people appreciating not only the coin, but the plastic it's housed in. I paid MS64 price for it due to a number of high risk factors (unknown private seller in Mexico, luster breaks on high points, etc...) and it worked out pretty well. I enjoyed the hunt. Looks like the new owner is having second, although the increased premium he's adding is surprising. He should consign it to Heritage or another auction house, in my opinion, and let it ride.
One of the reasons I got it was due to the holder and the grade on the holder. My target market for this was registry players who would go after the plastic and the grade first. The coin has nice clean fields, so the 66 grade is not a huge stretch, but I think it took some beating inside the holder all these years that resulted in luster breaks on high points of the obverse that are further highlighted by the toning. My plan for this coin was to first try to sell it to registry players in the OGH as a 66. If that didn't work, I would consign it to NEN, Atlas, or another dealer. If it didn't sell, I would conclude that the holder premium is not enough to sell it as a 66, so I would send then do one of two things: either send it in for a reholder (which would come back as a SecurePlus 66 but still with the same visual luster breaks on the obverse), or crack it and dip it, making the luster breaks much less obvious, and submitted it to PCGS at which point it would have came back either a 65 with a shot at 66.
It was a gamble coin from the get-go and continues to be that, it seems.
@TwoKopeiki said:
One of the reasons I got it was due to the holder and the grade on the holder. My target market for this was registry players who would go after the plastic and the grade first. The coin has nice clean fields, so the 66 grade is not a huge stretch, but I think it took some beating inside the holder all these years that resulted in luster breaks on high points of the obverse that are further highlighted by the toning. My plan for this coin was to first try to sell it to registry players in the OGH as a 66. If that didn't work, I would consign it to NEN, Atlas, or another dealer. If it didn't sell, I would conclude that the holder premium is not enough to sell it as a 66, so I would send then do one of two things: either send it in for a reholder (which would come back as a SecurePlus 66 but still with the same visual luster breaks on the obverse), or crack it and dip it, making the luster breaks much less obvious, and submitted it to PCGS at which point it would have came back either a 65 with a shot at 66.
It was a gamble coin from the get-go and continues to be that, it seems.
Comments
There's a market for everything! Be happy it's gone and you profited.
Agreed. The NGC coin isn't a 66 either, in my opinion, with those distracting frost breaks, but I like it better than 2K's (ex-)coin.
My opinion, it's nothing personal towards anyone.
Very nice design
I believe it's the same coin as this one: https://coins.ha.com/itm/mexico/world-coins/mexico-republic-caballito-peso-1913-ms66-ngc-/a/3046-30457.s?ic4=ListView-ShortDescription-071515
And here's another OGH MS66 sold in 2010:
https://coins.ha.com/itm/mexico/world-coins/mexico-republic-caballito-peso-1913-ms66-pcgs-/a/3040-30268.s?ic4=ListView-ShortDescription-071515
Roman, already sold on the bay? Congrats!
myEbay
DPOTD 3
Thanks, Dimitri. Threw it up on eBay while deciding where to consign it and it sold almost immediately. The buyer received it today and followed up with a thank you email. Apparently he's been looking for an example like this for a while.
8 Reales Madness Collection
Sounds like a win for everyone!
Super cool! I really enjoyed watching the video!
Its landed in this collection which is nicely done.
https://coins.collectors-society.com/wcm/CoinCustomSetView.aspx?s=17053
Cool. Didn't know he was a registry player ATS. Looks like he's into CAR, Iturbide and colonial gold.
8 Reales Madness Collection
Well, that was short lived..
ebay.com/itm/201876392320?_trksid=p2060353.m1438.l2649&ssPageName=STRK%3AMEBIDX%3AIT
Man, what a detective Zohar has become! And he didn't even haave any skin in the game, nor was it exactly his area of coins.
Not mine either, but it was a tempting coin to buy, especially at Roman's reasonable price.Seems people see potential for even more flips, adding almost 50% or more Ι guess to its initial value.
myEbay
DPOTD 3
Ebay has been flooded with fakes of various Mexican crown sized coins lately. Not good fakes but folks are going to get burned and maybe the value of the slabbed coins will go up . Might be a good type to hold a bit if its slabbed.
Missed this thread earlier.
What a nice coin! I am envious.
It was a neat experiment heavily relied on people appreciating not only the coin, but the plastic it's housed in. I paid MS64 price for it due to a number of high risk factors (unknown private seller in Mexico, luster breaks on high points, etc...) and it worked out pretty well. I enjoyed the hunt. Looks like the new owner is having second, although the increased premium he's adding is surprising. He should consign it to Heritage or another auction house, in my opinion, and let it ride.
8 Reales Madness Collection
Man, y'all have been busy while I was away. Awesome catching up. Congrats on the find. Certainly helping to get me back "in the mood" again.
Amat Colligendo Focum
Top 10 • FOR SALE
Quite attractive... Congrats
Experience the World through Numismatics...it's more than you can imagine.
I think it may have resurfaced - https://northeastcoin.com/popupcontainer.jsp?include=/popup/viewImage.jsp&itemKey=zi29_1362160
Yep, saw that
Latin American Collection
Crazy how quickly some coins bounce around, while others go away for decades.
And it's already on hold!
Yup, saw it this morning. The seller is following the same pattern as I was going to take before he bought it off me on eBay.
8 Reales Madness Collection
To me this may signal the coin is not really a 66...
One of the reasons I got it was due to the holder and the grade on the holder. My target market for this was registry players who would go after the plastic and the grade first. The coin has nice clean fields, so the 66 grade is not a huge stretch, but I think it took some beating inside the holder all these years that resulted in luster breaks on high points of the obverse that are further highlighted by the toning. My plan for this coin was to first try to sell it to registry players in the OGH as a 66. If that didn't work, I would consign it to NEN, Atlas, or another dealer. If it didn't sell, I would conclude that the holder premium is not enough to sell it as a 66, so I would send then do one of two things: either send it in for a reholder (which would come back as a SecurePlus 66 but still with the same visual luster breaks on the obverse), or crack it and dip it, making the luster breaks much less obvious, and submitted it to PCGS at which point it would have came back either a 65 with a shot at 66.
It was a gamble coin from the get-go and continues to be that, it seems.
8 Reales Madness Collection
inside info just received ...that hold is from a TwoKopeiki dude
WELL PLAYED 2K!
Plot twist!
8 Reales Madness Collection
Nice! I had missed the original posts.
And it's sold again.
8 Reales Madness Collection