Options
Ultra High Relief
tradedollarnut
Posts: 20,199 ✭✭✭✭✭
Just a few hours to go. I see it's up to just over $2M plus the juice. Now the bid increments are significant - $250k. I'm surprised that they are that wide.
0
Comments
<< <i>i'm prolly not the only one who wonders...are you a player in the field here? >>
Nope. Much like the modern version, I honestly can't appreciate the difference in grade on these past PR67 so I'd be happier with a PQ undergrade and the difference in the bank. JMHO.
<< <i>LVT, Did you take a second on the double wide to be a player on this one
even threw 3 bunk beds in each room and rent bed space<<<hopes vice isn't reading
ran a bbq with the best bbq cat in tha park special this side of alabama
even sat at a corner with a sign...why lie i need to buy a coin sign
<< <i>even threw 3 bunk beds in each room and rent bed space<<<hopes vice isn't reading
ran a bbq with the best bbq cat in tha park special this side of alabama
even sat at a corner with a sign...why lie i need to buy a coin sign >>
I figured that much... I sure hope you win!
It is a gorgeous coin and would qualify for an "absolute rarity" and a "condition rarity".
However, I have a hard time viewing this coin as one that would merit a 69 grade. Looking at the high resolution image of the coin reveals the presence of 3 spots on the obverse, a gash on one of the rays in the right field, and numerous marks/dings on the the torch. The reverse is very clean.
If the coin was not a 1907 UHR Saint and was instead one of the recently produced bullion GAE coins or recently produced UHR mini Saint I doubt that it would receive a 69 grade.
My understanding of the requirements for a 69 grade is that at most one or two extremely minor, barely noticeable defects are allowed
Your thoughts please.
My thoughts are that each collector should buy coins of the grade where they can appreciate the difference in quality more than the difference in their bank account. This grade will change depending upon the collector's eye, their bank account and the series and make of the coin.
I personally cannot appreciate the difference in super high grade proof gold, therefore I wouldn't be a buyer of this coin except at a price level low enough that I could appreciate.
You cannot compare moderns to coins produced 100 years ago in my opinion.
I think it's fair to say that the two are comparable insofar as there are huge differences in value for minuscule differences in quality.
When I compare a MS65 coin to a MS64, I can see the difference in quality without a glass. Not so much for high grade moderns or high grade proof gold. That's all I'm alluding to in my comparison.
For coins such as the UHR up for auction the grade on the plastic holder does not have the same significance as it would have if the coin was a generic MS 1927P Saint. So if the grade is 69, 70, 68 or 67 it probably would not matter that much to buyers who want this coin.
It would be interesting to see what the auction price would be for an IDENTICAL coin that was in a holder with a grade of 64 or 65. Have both coins auctioned at the same time and place and we could see how much money a number on a paper insert into a plastic holder is actually worth.
<< <i>Good points TDN and DeepCoin.
For coins such as the UHR up for auction the grade on the plastic holder does not have the same significance as it would have if the coin was a generic MS 1927P Saint. So if the grade is 69, 70, 68 or 67 it probably would not matter that much to buyers who want this coin.
It would be interesting to see what the auction price would be for an IDENTICAL coin that was in a holder with a grade of 64 or 65. Have both coins auctioned at the same time and place and we could see how much money a number on a paper insert into a plastic holder is actually worth. >>
Bingo. There truly is a plastic value associated with a slabbed coin. The ones that I like to buy are those where the plastic value is negative, not positive.
<< <i>Just a few hours to go. I see it's up to just over $2M plus the juice. Now the bid increments are significant - $250k. I'm surprised that they are that wide. >>
Hmmm...that's not good. My guess for the HRH thread was made with the idea that the increments would be $100k or $200k at that level (and above).
Ed. S.
(EJS)
<< <i>I guessed 2.75 + 17.5%, come on Daddy needs a new pair of eagles >>
I was under the impression that the juice would be 15% because of the lower rate for purchases over $50k...but I may be wrong...but I think I am correct.
<< <i>
<< <i>I guessed 2.75 + 17.5%, come on Daddy needs a new pair of eagles >>
I was under the impression that the juice would be 15% because of the lower rate for purchases over $50k...but I may be wrong...but I think I am correct.
The listing right now shows the "Next Bid" at 2,265,111, and lower down reads "(Next Bid with BP: $2,661,505)" which is 17.5% juice.
<< <i>ran a bbq with the best bbq cat >>
Dude, you can be my wing-man anyday! Anybody who eats BBQ'd cat is OK in my book.
Sounds like you get a discount later. Oooooh - I can hear the controversy now - what is the official price realized? Seems to me it's 115% in this case.
The catalog also says increments are $50k on lots above $500k in value, so it's interesting to hear they will use increments of $250k. That really leaves only around a 10-20 or so possible correct guesses for the final price assuming those increments are held and that a 15% BP is used in choosing the correct answer. Should be fun to watch.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
Come to think of it, that should have drawn a laugh from the audience.
It's an uber cool coin but not $5M cool.
Early guesses in the predictions thread were on the high side...
<< <i>Actually, it went right about where it should go. There were two bidders at $2.76M max. And NOONE else willing to pay any more. >>
I really liked my 2.875 guess. Damn cheapskates! MJ
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......
<< <i>Pretty good guess. I went with the basal value of the coin as a 67+ at $2.3M. I forgot about the plastic value! >>
I liked the winners guess and the next bid as the max. Fun contest. MJ
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......
How does DeepCoin reach this conclusion? I have seen seven of them and I disagree. Moreover, there are quite a few that have never been certified. Please read my article.
DeepCoin: <<… the number on the slab matters not to me. If it were 68, it would still be the same magical coin IMHO.>>
This is a fair statement. In my analysis, however, a significant part of the market value is a ‘plastic premium’ relating to the certified “69” grade.
SanctionII: <<It would be interesting to see what the auction price would be for an IDENTICAL coin that was in a holder with a grade of 64 or 65. Have both coins auctioned at the same time and place and we could see how much money a number on a paper insert into a plastic holder is actually worth. >>
While such a controlled study is not feasible, I discuss past auction appearances, including one of this very same piece, plus private sales. I thoroughly address the issue that SanctionII is raising.
UHR Saint Sells for $2.76 Million
He also has another coin better than his Norweb 1911-D $10 MS68.