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Yet another coin (1948-p Franklin) I didn't bid high enough on I guess.
AllCoinsRule
Posts: 2,442 ✭✭✭✭
I was the underbidder as an ms65fbl. It just keeps happening over and over again on coins I don't win. Ones I do win go in my collection so don't get resubmitted.
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If you're the underbidder at least you're within striking distance.
Beautiful coin.
Insert witicism here. [ xxx ]
My goodness. I'm breaking my rule about definitively grading a coin by a picture - No Way, No Way, that coin is a 67.
No Way.
Allcoins... True story ... I once bid about $27,000 at a Heritage sale chasing an upgrade coin that was worth around $4,500 or so in the current grade it was being sold at (and $50,000 - $65,000 roughly one grade up). I was outbid, stopped bidding and was the direct underbidder on the coin. After the auction, I congratulated the winning bidder who thanked me for stopping where I did as he told me he was prepared to go to $45,000 for the easy upgrade that the coin was and (in a friendly manner) went on to say how happy he was that I essentially "didn't have big ones". And, he had a good point!
Moral of the story ...
Just because the coin sold at under $300 does not mean you had virtually Any chance to actually win the coin for less than perhaps $3,000 - $3,500 (who knows the true number). As, last year, when the coin sold for sub-$300, it was worth about $5,000 as an MS67FBL and today it is probably around a $4,000 coin.
You just can't worry about coins like this as you never know what they would have cost you to win in the end, Or, whether you would have even been content with the coin upgrading 1 1/2 points and stopping at an MS66+FBL for your collection for that matter.
Wondercoin
I don't have a problem with that coin as a 67. The luster and color seem amazing in the trueview:
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The coin sold for 1/2 of the 66 price. The auction pictures did not do it justice and I can see why you stopped bidding there. In hand I'll bet it is lovely.
The Trueview is too pretty. Go look at the Heritage pics. There is planchet chatter all over the cheek, a hit on the cheek, some in the hair, more planchet chatter on the reverse. No way. If this coin is 67, I need to regrade my coins into a whole bunch of 68s.
I was looking at the coin in the 65fbl holder and thinking to myself, "Wow, first time in a while that I've seen a conservatively graded Frankie". Seeing it in a 67fbl holder is unfortunately where the grading has gone these days. Let's just say, IMO it's not a 67. Mighty purty '48 ya' got there RonY!
U.S. Type Set
Being the underbidder can sometimes be a blessing....
Cheers, RickO
Heritage images
That's a beauty whatever the grade!
Click on this link to see my ebay listings.
With that chatter MS 65 might be a bit harsh but MS 67 is certainly a no go. Still pretty color.
If it sells for 67 money, I guess we will have our answer. I like it.
I like it too, just not as a 67.
ACR has a good eye for Frankies.
1948 was the first year for Franklin halves. How are the dies?
That, in a nutshell, is why I no longer collect Franklins nor any PCGS graded coins. Gradeflation is ruining the hobby.
Maybe all of those dealers and collectors peddling the "old blue holders" that are more conservatively graded were on to something. lol
I just got back from the Balty show today and got to view this coin at the Heritage table. Very pretty coin, love the purple toning, nice luster. Undergraded when it was in a 65 holder.
I still do not think this coin is deserved of a 67 grade. By old standards (10 - 15 years ago), no way this coin is a 67. I think there has been some gradeflation with the Frankies in the recent years, but even recognizing that , this coin still belongs in a 66 holder.
In with the crowd that there is no way this Franklin is MS67. Kind of makes me sick to see it with that grade, and I wouldn't buy it with free money. In the old grade yeah maybe so.
Of the Franklin's I've seen....this is a 66 with a bump to 67 because of color.
Kind of funny that color can cost you a straight grade......OR.....it can give you an extra grade. When in fact it should have NO impact on the grade either way.
I like my 1948. It's one of the few coins I'm tempted to send in for grading, cuz it looks a hell of a lot better in hand.
That is a beautiful mullet worthy of a 67!
Full crack and bell. VAlue sores! Send it in for sure.
48 Frankies dies were fresh and most 48's are hammered and clean.
100% Positive BST transactions
Well, there you have it. Bidders liked the coin and paid up. You should have spent the couple hundred extra bucks I guess!
Here's my 66 FBL for comparison:
10-4,
My Instagram picturesErik
My registry sets
Coin needs a dip. U may be able to get the spots off w dip soaked Q tip tap gently. Otherwise conservation service - these are not free nor responsibility of a TPG. Sort of like the day a new car leaves the dealership driveway it depreciates lol.
This is the problem w long term hold. I try to churn my inventory as fast as possible. Newsflash - coins are not a long term hold.
Tarnish or what the promoters call toning is a reaction w temperature and the atmosphere.
That coin in 66 is worth at least $275.
Also, I find it funny how people tout PCGS as the gold standard for consistency and accuracy in grading.
Personally, I believe their consistency is a joke at best.
One thing PCGS is the gold standard for is gradeflation.