I would be in the mid to low 66 camp, especially with the black spots on the reverse. At least that is the grade I would have received if I had submitted the coin.
I'm a throwback. I treat carbon spots the same as bag marks so IMO, not one copper coin with that many black corrosion spots should ever grade 65 no matter what side they are on.
I personally don't like the coin at that grade. I like the 16-s next to it much better. The gash behind the head and all those spots on the reverse kills it for me.
No sir, I don't like it. I'm sorry but the hit in the field right behind Lincoln's neck, the hits on the rim above GO of GOD and the black spots on the reverse would limit this to a 65 65+ tops for me. I'm sure the luster is spectacular, but luster won't make my eye's not see those other issues. I know this coin is way beyond my means, but I know what I like and I know what I don't like. I don't see a sticker in this coins future.
The hit behind the head is as large as the lapel button hole, I see a 65 or even a 6 but not a plus. the carbon spots on the reverse are not really significant, IMO. I suppose at that price they become and issue, but folks that don't like that are likely not into copper.
Who cares what was paid for it, unless your bidding for it, I suppose it had under bidders. Lincoln cents are no Joke !!!
I saw this sell, and was thinking what possessed somebody to buy this at that level, has to be registry points. Ill take my pcgs 65 cac all day for a fraction that this one sold for.
Looking at the “Coin Facts" photos, it's better than the MS-66 that Heritage sold for $81,075 in February 2016, but it's not as nice as the "poster child" MS-66+ example that shown as the prime example on the “Coin Facts” site.
I can't relate to the price realized for this coin. I think that it's way too much money, but since it's tied for the finest graded, perhaps registry fever is behind this.
I can relate to getting driven up beyond reason in a major auction. I have seen or had it happen to me more times that I would care to remember. And yes, in this world, not having a CAC sticker does not seem to dampen the bidder enthusiasm. I wish it would because I would have been able to have filled my want list holes long ago.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
The coin was seriously over graded. It was no more than a Ms 65 . The luster was dull. The color was bland and it had small black specs on the back and the cut on the obverse.
I believe the coin was sent to CAC and laughed at as an ms 66. This same coin was hawked on collectors corner for almost 6 months for $ 150,000
I tend to grade coins in $ amounts. My price for this coin was about $ 15,000 - $20,000 and maybe an extra $ 5,000 for the over graded insert.
I hope this helps.
In looking at the other MS66's Heritage has auctioned, this is of similar quality...with nearly all of them showing similar spotting. While I don't particular like any of those, that's Mr. Market talking. One of those NGC 66's has a couple of similar cuts, though on the reverse. MS66 is now the old MS65. I'd bet some of these coins were only MS64's back in 1988. As of Jan 1988 PCGS had graded single MS65 RD, none higher. By July 1989 there were 4 MS65 RD's and 1 MS66 RD.
In today's poker game, there is advantage to being the last one at the table to call or raise. Clearly something is not right when we go from $27K to $152K in 18 months. I wonder if the coin crossed first...or had to be cracked out? It didn't have a sticker as an NGC 66 either.
Enough details have been mentioned above.... I agree, the coin is well beyond it's real value and I would say the new owner is buried in it. Cheers, RickO
You could buy or at least have a good start on purchasing a cheap rental property for the difference the coin realized from when NGC graded it MS66 RD, and have a continual source of income in excess of $1,000 month. That's insane. What ever happened to buy the coin and not the holder?
1) I know I'll never find out, but I'd like to know who submitted this coin.
2) Color looks off, though it just could be the pic. The color looks almost pinkish, and that's not good for copper. Even if it's RD, as Stewart wrote, it's dull, My RD IHC in MS 65 has far more eye appeal than this coin (it's in an OGH). The only Lincoln I have in MS 66 RD is a 56 D, and eye appeal wise, it runs circles around this coin (I don't know if the two dates can be compared, but it's the only RD 6 Lincoln I have, and doesn't have any copper micro-spots).
How can a dull coin - of any denomination - get into a 6 holder (I don't pay attention to pluses, I see them strictly as marketing tools)?
3) What's going on to the viewer's lt. of O (of one) and the top of the N (of cent) on the reverse? Is this a toning break, or something else? I couldn't tell unless I saw the coin personally.
4) The experts get it right most of the time, and often, buyers know what they are doing. I don't get overly concerned what other people pay for coins. I remember the infamous 53 S FBL MS 66 Franklin that was the finest known when purchased. I'm done here.
"Vou invadir o Nordeste, "Seu cabra da peste, "Sou Mangueira......."
@BillJones said:
Looking at the “Coin Facts" photos, it's better than the MS-66 that Heritage sold for $81,075 in February 2016, but it's not as nice as the "poster child" MS-66+ example that shown as the prime example on the “Coin Facts” site.
I can't relate to the price realized for this coin. I think that it's way too much money, but since it's tied for the finest graded, perhaps registry fever is behind this.
I can relate to getting driven up beyond reason in a major auction. I have seen or had it happen to me more times that I would care to remember. And yes, in this world, not having a CAC sticker does not seem to dampen the bidder enthusiasm. I wish it would because I would have been able to have filled my want list holes long ago.
The "poster child" coin on Coin Facts is the same coin. The Trueview doesn't show the mark as much as the HA image.
@cameonut2011 said:
That's insane. What ever happened to buy the coin and not the holder?
The reason we say buy the coin and not the holder is because some people will buy the holder
If the insert in the holder was a true reflection of the quality of the coin inside the holder, then one should be able to do just that. How stuff like this gets past 2 or 3 graders and a finalizer is a mystery. Should the new owner send it in for reconsideration and accept it back with a lower grade and a check or just hold it?
@REALGATOR said:
Is it safe to assume the graders know they are giving a coin a "top pop 1" before it leaves the room?
If they know anything about coins, they likely know the pops. Also if they've seen the coin umpteen times from prior submissions how much does previous memory affect current opinion?
DMWJR
Posts: 5,975 ✭✭✭✭✭
Comments
Is the point here that ngc got this right or wrong?
It sold for $27k 18 mos ago. Look at the pics and decide for yourself. I have my opinions. Feel free to form your own.
or that this coin sold for $27k last year
Well, we know Stewart didn't buy it since he didn't bash it first.
I would like to hear Mr. Red underwear's opinion on the coin, too bad Andy doesn't post here.
LOL. I'm sure you can bank on Stewart not buying it. That's a nice little cut behind the head there.
I'd rather have 100 certified examples with all the varied hues you could buy in lower grades for that six figure money. Grade madness at work.
I would be in the mid to low 66 camp, especially with the black spots on the reverse. At least that is the grade I would have received if I had submitted the coin.
I think the new owner is buried.
It would need to be seen in person, I suspect the actual color is not well represented in that image. That's why I will defer to the copper gods.
Talk about money left on the table.....tsk, tsk.
“I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~
My Full Walker Registry Set (1916-1947)
https://www.ngccoin.com/registry/competitive-sets/16292/
I'm a throwback. I treat carbon spots the same as bag marks so IMO, not one copper coin with that many black corrosion spots should ever grade 65 no matter what side they are on.
I personally don't like the coin at that grade. I like the 16-s next to it much better. The gash behind the head and all those spots on the reverse kills it for me.
Think of what it would have realized if it stickered. Maybe it would have surpassed the $250k mark.
I was thinking the same exact same thing.
No sir, I don't like it. I'm sorry but the hit in the field right behind Lincoln's neck, the hits on the rim above GO of GOD and the black spots on the reverse would limit this to a 65 65+ tops for me. I'm sure the luster is spectacular, but luster won't make my eye's not see those other issues. I know this coin is way beyond my means, but I know what I like and I know what I don't like. I don't see a sticker in this coins future.
I wonder how many ATS 66RD coins can make 66+?
Geez. If that got a 66+ my 09vdb MPL should have gone 69
I always thought PCGS was brutal to you. FWIW, I have seen inferior examples in full red holders.
Chris, you need a cigar and a bourbon in your hand when you make a statement like that.
I definitely feel the coin looks to be ms66 rd to me. ms66+ I dont see
Those whom the Gods would destroy they first make crazy.
Yeah, this one didn't do it for me either. Someone is buying holders rather than coins here.
Kind regards,
George
The hit behind the head is as large as the lapel button hole, I see a 65 or even a 6 but not a plus. the carbon spots on the reverse are not really significant, IMO. I suppose at that price they become and issue, but folks that don't like that are likely not into copper.
Who cares what was paid for it, unless your bidding for it, I suppose it had under bidders. Lincoln cents are no Joke !!!
That one looked like the one to buy.
I saw this sell, and was thinking what possessed somebody to buy this at that level, has to be registry points. Ill take my pcgs 65 cac all day for a fraction that this one sold for.
Looking at the “Coin Facts" photos, it's better than the MS-66 that Heritage sold for $81,075 in February 2016, but it's not as nice as the "poster child" MS-66+ example that shown as the prime example on the “Coin Facts” site.
I can't relate to the price realized for this coin. I think that it's way too much money, but since it's tied for the finest graded, perhaps registry fever is behind this.
I can relate to getting driven up beyond reason in a major auction. I have seen or had it happen to me more times that I would care to remember. And yes, in this world, not having a CAC sticker does not seem to dampen the bidder enthusiasm. I wish it would because I would have been able to have filled my want list holes long ago.
Frankly, PCGS is going through a "loose phase" right now -- buyer beware.
The coin was seriously over graded. It was no more than a Ms 65 . The luster was dull. The color was bland and it had small black specs on the back and the cut on the obverse.
I believe the coin was sent to CAC and laughed at as an ms 66. This same coin was hawked on collectors corner for almost 6 months for $ 150,000
I tend to grade coins in $ amounts. My price for this coin was about $ 15,000 - $20,000 and maybe an extra $ 5,000 for the over graded insert.
I hope this helps.
How about that NGC 1950 PR68UC that sold for $20k that was a piece of crap.
Stewart, did you like the 16-S ?
In looking at the other MS66's Heritage has auctioned, this is of similar quality...with nearly all of them showing similar spotting. While I don't particular like any of those, that's Mr. Market talking. One of those NGC 66's has a couple of similar cuts, though on the reverse. MS66 is now the old MS65. I'd bet some of these coins were only MS64's back in 1988. As of Jan 1988 PCGS had graded single MS65 RD, none higher. By July 1989 there were 4 MS65 RD's and 1 MS66 RD.
In today's poker game, there is advantage to being the last one at the table to call or raise. Clearly something is not right when we go from $27K to $152K in 18 months. I wonder if the coin crossed first...or had to be cracked out? It didn't have a sticker as an NGC 66 either.
Enough details have been mentioned above.... I agree, the coin is well beyond it's real value and I would say the new owner is buried in it. Cheers, RickO
I think that someone is going to have buyers remorse.
Another indication of money flowing in the hobby.
Wow, the currently owner just bought the label, not the coin.
You could buy or at least have a good start on purchasing a cheap rental property for the difference the coin realized from when NGC graded it MS66 RD, and have a continual source of income in excess of $1,000 month. That's insane. What ever happened to buy the coin and not the holder?
Don't care about sticker or no sticker, that hit behind Abe is too distracting for 6 figures!
The reason we say buy the coin and not the holder is because some people will buy the holder
I have 1909, s, vdb etc.. Lincolns nicer than this in MS65 holders pcgs.
So, it looks like (from other threads too) that certain dealers can upgrade any coin when they send in and individuals don't have the luck?
Numismatics & Photography
rv@ravenumismatics.com
Instagram.com/coin2photo
1) I know I'll never find out, but I'd like to know who submitted this coin.
2) Color looks off, though it just could be the pic. The color looks almost pinkish, and that's not good for copper. Even if it's RD, as Stewart wrote, it's dull, My RD IHC in MS 65 has far more eye appeal than this coin (it's in an OGH). The only Lincoln I have in MS 66 RD is a 56 D, and eye appeal wise, it runs circles around this coin (I don't know if the two dates can be compared, but it's the only RD 6 Lincoln I have, and doesn't have any copper micro-spots).
How can a dull coin - of any denomination - get into a 6 holder (I don't pay attention to pluses, I see them strictly as marketing tools)?
3) What's going on to the viewer's lt. of O (of one) and the top of the N (of cent) on the reverse? Is this a toning break, or something else? I couldn't tell unless I saw the coin personally.
4) The experts get it right most of the time, and often, buyers know what they are doing. I don't get overly concerned what other people pay for coins. I remember the infamous 53 S FBL MS 66 Franklin that was the finest known when purchased. I'm done here.
"Seu cabra da peste,
"Sou Mangueira......."
The big question is why did PCGS grade
this coin ms 66+ ??????
One thing is for sure, it's nice to have money
When is it scheduled to hit the "Buy now from owner" box?
I don't think people playing at that level have> @STEWARTBLAYNUMIS said:
An interesting fact is that this coin was submitted all by itself, and not with any other coins -- a one coin submission.
The "poster child" coin on Coin Facts is the same coin. The Trueview doesn't show the mark as much as the HA image.
If the insert in the holder was a true reflection of the quality of the coin inside the holder, then one should be able to do just that. How stuff like this gets past 2 or 3 graders and a finalizer is a mystery. Should the new owner send it in for reconsideration and accept it back with a lower grade and a check or just hold it?
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
Is it safe to assume the graders know they are giving a coin a "top pop 1" before it leaves the room?
If they know anything about coins, they likely know the pops. Also if they've seen the coin umpteen times from prior submissions how much does previous memory affect current opinion?
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876