Nice New Rochelle upgrade

shylock · February 11, 2014 4:39AM

$7,050 to $39,500

brg5658 · February 11, 2014 4:45AM

"In Stock"

Unknown · February 11, 2014 4:45AM

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GoldenEyeNumismatics · February 11, 2014 4:47AM

<< Sucks to be the consignor. >>

Being that the consigner got 6x the price of a normal 67, I think he did pretty darn well.

brg5658 · February 11, 2014 4:47AM

HA images show 5 clear reed hits above the GKL initials on the right side of the obverse. They seem to be hidden in the Pinnacle images.

Edited to remove humor.

stealer · February 11, 2014 4:53AM

<< Sucks to be the consignor. >>

It all depends on why the consignor sent it to auction...not everyone plays the crack out game.

Broadstruck · February 11, 2014 4:56AM

<< 

<< Sucks to be the consignor. >>

It all depends on why the consignor sent it to auction...not everyone plays the crack out game. >>

Consignee might have felt it was worth more in the OGH

Strat · February 11, 2014 5:02AM

True, not everyone plays and not everyone can assess an MS68. I would have followed the same strategy as the consignor, sold the coin as is, and would have likely been satisfied with the result. I wonder if Pinnacle cracked the coin out or sent in via reconsideration service. Either way, it's fantastic looking commem, but alas, beyond my price range now.

blu62vette · February 11, 2014 5:11AM

<< True, not everyone plays and not everyone can assess an MS68. I would have followed the same strategy as the consignor, sold the coin as is, and would have likely been satisfied with the result. I wonder if Pinnacle cracked the coin out or sent in via reconsideration service. Either way, it's fantastic looking commem, but alas, beyond my price range now. >>

There is no way to know if they sent it in or if they bought it at a recent show, like Long Beach.

Unknown · February 11, 2014 5:20AM

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shylock · February 11, 2014 5:30AM

Is there the possibility that a dealer has a better chance to get this coin upgraded than the consignor?

I'm not saying, I'm just saying

stealer · February 11, 2014 5:32AM

<< 

<< 

<< Sucks to be the consignor. >>

Being that the consigner got 6x the price of a normal 67, I think he did pretty darn well. >>

Left somewhere around $30k on the table... If we are talking that kind of money and I already have it beaned, I'm sending it in for reconsideration. If he/she did do that, then I guess they are happy. >>

Or perhaps they felt that it was maxed out at 67.

Unknown · February 11, 2014 5:39AM

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stealer · February 11, 2014 5:42AM

Bah, I can't think straight.

shylock · February 11, 2014 5:45AM

Who's to say they didn't send it in a few times before consigning it, or they didn't have Heritage send it in.

I always ask Heritage to upgrade coins they think may be candidates when consigning. It's to Heritage's benefit to max out coins.

Unknown · February 11, 2014 6:04AM

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gypsylea · February 11, 2014 7:14AM

There is an old saying in the garment district, "if the customers want green suits, turn on the green lights"

For the registry set game to keep going, new "top pop" coins need to be "made"

coindudeonebay · February 11, 2014 7:45AM

Obviously it wouldn't bean since they only agreed that it was a 67!!

CoinRaritiesOnline · February 11, 2014 7:51AM

<< Is there the possibility that a dealer has a better chance to get this coin upgraded than the consignor? >>

Knowing which coins to try and how persistent to be matters more than your occupation.

coinkat · February 11, 2014 8:00AM

omg...

okay...this is exactly what is wrong with this hobby.

wondercoin · February 11, 2014 8:05AM

Consider ... the last New Rochelle PCGS-MS67+ recently sold at auction for less than $2,700. So, the winning bidder on the Heritage coin paid close to 3x the MS67+ money (for an MS67 graded coin) to win the coin in the first place and then needed nothing less than an MS68 grade to essentially score (big) on this one! That takes BIG ONES! If you think it does not, come take a stab at this upgrade game at these major auctions. I just paid my bill at Heritage for a "four figure" coin from the NYC sale where I needed to pay close to 3x the going price to take a stab at a 1/2 point upgrade I thought the coin had a shot to achieve. I highly doubt any collectors were my underbidder at that price.

Now, considering the Price Guide is roughly half the $39,500 asking price for an MS68 and there is even a higher graded coin out there at PCGS, I am not sure if that asking price will be achieved or not, but even if the coin sells for $25,000-$30,000 it still was quite an impressive upgrade.

I have no idea who bought this coin at auction, but this is just another example of "paying up" (for the right) great quality coins, especially in older holders.

As alwyas, just my 2 cents.

Wondercoin

SeattleSlammer · February 11, 2014 8:14AM

Good Lord I like that piece SOOO much better in the OGH as a strong 67.
That's a ton of dough for a NewR in 68 especially with no bean.

coinkat · February 11, 2014 8:22AM

Six words

Wise up and use common sense

BG · February 11, 2014 5:23PM

Super coin. Playing the crack out game is for big boys only.

And most say that Commem's are dead.

Approved by Congress on May 5, 1936, and issued in commemoration of the two hundred and fiftieth anniversary of the founding and settlement of the city of New Rochelle, New York.

25,015 pieces coined at the Philadelphia Mint. Lorillard Wise was initially commissioned to do the models for this coin. His models were approved then subsequently disapproved by the Commission of Fine Arts in Washington, D.C. Miss Gertrude K. Lathrop was then commissioned to design and submit models for the coin which were approved by the Commission of Fine Arts and the Secretary of the Treasury. The coins were distributed by the New Rochelle Commemorative Coin Committee, Mr. Pitt M. Skipton, chairman.

Despite the objection of President Roosevelt to further issues of commemorative coins, and the possibility that he may veto bills providing for them that reach him, Congress had proceeded to consider bills authorizing several new issues and changes in two other issues, the maximum number of which have not been coined.

This issue was unique in that it was the first early commemorative coin to be asked for by an organization of coin collectors, The Westchester County Coin Club.

Nice New Rochelle upgrade

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