These coins went for STRONG money...
stealer
Posts: 4,035 ✭✭✭✭
So with all the observations that coins went for weak money at the Chicago Heritage Sale, I'd like to point out a few that sold for mind-boggling sums. Both are 1892 Morgan Dollars that are PCGS MS65. One is a rattler coin and the other is CAC'd.
Case Study #1: This coin sold at the CSNS last year with subpar images. The first time it went for less than average money. This time around it realized nearly quadruple what it did last year.
April 2012 - $2530
April 2013 - $8225
Case Study #2: OGH, nice strike, luster, it was CAC'd both times it sold. It sold for fairly strong money the first time around, and the price realized this time was close to double.
Jan 2013 - $4993.75
April 2013 - $8812.50
Both coins sold for far over the average market price, not to mention this non-CAC'd coin went for strong money as well during the same auction: $4993.75
Is this an upwards trend for the date or just four or five people who REALLY needed a gem grade 1892 Philly Morgan?
Case Study #1: This coin sold at the CSNS last year with subpar images. The first time it went for less than average money. This time around it realized nearly quadruple what it did last year.
April 2012 - $2530
April 2013 - $8225
Case Study #2: OGH, nice strike, luster, it was CAC'd both times it sold. It sold for fairly strong money the first time around, and the price realized this time was close to double.
Jan 2013 - $4993.75
April 2013 - $8812.50
Both coins sold for far over the average market price, not to mention this non-CAC'd coin went for strong money as well during the same auction: $4993.75
Is this an upwards trend for the date or just four or five people who REALLY needed a gem grade 1892 Philly Morgan?
0
Comments
all things considered that is a great comparison within a reasonable time frame. actually bullion was probably far higher 1 year ago last month but the coin sold higher with low bullion.
no crack-out, reholder, no cac added. that is pretty amazing variance. either one lucky buyer or a great strategist. maybe someone virtually positive for a + or gold sticker? a vam? a secret provenance just learned? maybe coins in 65 holders that are really 64+ or 64 don't bring strong premiums as those accurately graded 65 or undergraded?
even crazier on the second comparison for the short time frame.
just goes to show just how intense the variables are and someone telling you what something is worth at that moment can very well prove to be completely meaningless.
.
Guess it comes down to who's watching and who desperately needs to fill a hole
Amat Colligendo Focum
Top 10 • FOR SALE
<< <i>...Surely the bidders knew how much they were overbidding. >>
If you need to fill a hole, there's no such thing as "overbidding"
Somebody has to have it more than the person who could not reason why it's that high, so he stopped bidding, or she did. Blame discipline for keeping the prices down. At some point just above spot, logic went out the door for the rest of the world.
``https://ebay.us/m/KxolR5
<< <i>One is a rattler coin and the other is CAC'd.
Case Study #1: This coin sold at the CSNS last year with subpar images. The first time it went for less than average money. This time around it realized nearly quadruple what it did last year.
April 2012 - $2530
April 2013 - $8225 >>
I feel a lot has to do with the way the surface quality was presented in HA's photographs the first time around...
As a pretty pic will captivate all the armchair internet bidders - This 92 was once dead then resurrected.
<< <i>I feel a lot has to do with the way the surface quality was presented in HA's photographs the first time around...
As a pretty pic will captivate all the armchair internet bidders - This 92 was once dead then resurrected.
That looks very different second time around.
Eric
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
<< <i>
<< <i>One is a rattler coin and the other is CAC'd.
Case Study #1: This coin sold at the CSNS last year with subpar images. The first time it went for less than average money. This time around it realized nearly quadruple what it did last year.
April 2012 - $2530
April 2013 - $8225 >>
I feel a lot has to do with the way the surface quality was presented in HA's photographs the first time around...
As a pretty pic will captivate all the armchair internet bidders - This 92 was once dead then resurrected.
These two images are of different coins. Or the same coin after a dip. Note the smudge at 6:30, 7 and 10.
bob
The sophistication for what to look for in nice coins is increasing. People are willing to spend more for nice coins, and conversely are paying weaker (or not at all) for less than stellar examples.
If you were buying CAC coins two years ago you are a very happy person. If you were buying high end coins for the grade before the whole "plus" program you are also a very happy person.
True Story just this week: I had a coin on eBay for a week with no takers at $1,500. I got it CAC'ed and it sold for $1,900 in 10 minutes.
<< <i>These two images are of different coins. Or the same coin after a dip. Note the smudge at 6:30, 7 and 10. >>
Nope same coin never dipped just photographed differently.
here is the opposite. i swear i wasn't looking for one opposite if your results did but stumble across this coin on the bay and figured i'd just run the cert for whatever reason.
cert lookup
2007 $1610 - heritage
2010 $775 - goldberg's
2013 $50 - eBay
what's next? flea market face value
.
Amat Colligendo Focum
Top 10 • FOR SALE