Someone made a good flip
Coinerww2
Posts: 356
I would say the new owner is buried. Before the coin hit the auction floor, it hadn't even reached it's previous sell price. I remember watching it sell the first time around and it sold for about 20-25% more than I would have paid the first time around. 2nd time around, try like 3x the price I would have paid 
.
First HA auction
Second HA auction
What are the spots in the center of the obverse of the coin? I was slightly hesistant of grading it 67 with those marks there but it is a relief to see they don't pop so much in the slab photos.
. First HA auction
Second HA auction
What are the spots in the center of the obverse of the coin? I was slightly hesistant of grading it 67 with those marks there but it is a relief to see they don't pop so much in the slab photos.
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Comments
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
There are lots of examples of great coins going for little money at market bottoms. Just check out 1982 and 1995-1997 for examples.
Is the definition of a "flip" now 2-1/2 years?
It's not unusual to see killer pre-1990 gems coins kept at the 64-66 level because of a single tiny micro-hairline or spot. That standard has since been modified allowing those
same coins to reach grades as high as 67 today. This coin is now a pop 1 finest graded. Not so sure the owner is buried, but they may own the best CAM PF 1868 dime
known. At >$5K back in 2010 the high bidder certainly was figuring on this coin as 66 or better.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
In honor of the memory of Cpl. Michael E. Thompson
<< <i>The scuffs or metal streaks on her shoulder and face should be key points to match up. >>
Sometimes lighting can hide those quite well.
EAC 6024
<< <i>Look, there is a 1 punched in the rock in the second pic >>
That is neat, I didn't notice that at all. However if there were more than one coin struck on the same die, that wouldn't mean they are necessarily the same coin.
<< <i>Look, there is a 1 punched in the rock in the second pic >>
Nice catch. Looks to be a 2nd remnant of the 1 in the rock just under it. Don't ever recall seeing anything like this on a proof coin.
Even if these are different coins, it's not clear to me that someone is buried in either one.
<< <i>Look, there is a 1 punched in the rock in the second pic >>
and the first.
but still not the same coin.
<< <i>I'm going to take a gander and say that they are the same coin. AMRC is comparing the wrong set of images. The image used by AMRC for the 67 is the washed out, overexposed HA image that is meant to bring out the color of the coin, and not the defects. When you compare whole slab shots of both coins, the luster grazes on the face and shoulder match up. There is a little more graze on the left breast, but probably from mishandling poost crack >>
Yay finally someone agrees with me! I was looking at the reverse mostly to match the coins because the obverse photos are taken at different angles and appear so vastly different.
Mike
<< <i>BTW I made a buy it now offer thru HA.com shortly after it sold for $4,025 when it sold in 2/2012 but it wasn't accepted, and trust me I made multiple offers to try to get it up to I believe approx $7k.
Edited to add I just logged on to HA.com and all my offers aren't showing so maybe that explains the no response to my offers if my memory serves. >>
It wasn't mentioned in the first post that this was offered in early 2012 and sold for a measly $4025 as an NGC MS67+ (no cameo)....even less than the 2010 price in a rattler 65
holder. Only goes to show the power of the plastic as this was crossed into a 67 and got the cam designation as well. Huge demand for PCGS pop tops. Far less demand for
NGC pop tops. Sad that a coin could be worth only $4K in the NGC holder and then over 4.5X as much in a diff holder less than a year later. Whoever got this into an NGC67
holder probably lost money doing it. I had a similar experience with an NGC PF68 seated half. After I sold it it was crossed into a PCGS 68 holder and also got the CAM designation.
That more than doubled the price overnight. If the rare coin business is trying to bring in newer sources of investment dollars, this isn't the way to promote it.