Why $10k For This Coin?

BustHalfBrian · December 24, 2014 2:14PM

$9987.50

Checked for the '"Line thru L" VAM - not that. The strike is great and all, but 5x-market-value great?

My last guess would be struck from matte proof dies, however I don't know the diagnostics for such a coin. Someone please enlighten me.

Barndog · December 24, 2014 2:20PM

crackout, 66+ shot? Not my game, but many do quite well at finding upgrades

BustHalfBrian · December 24, 2014 2:21PM

<< crackout, 66+ shot? Not my game, but many do quite well at finding upgrades >>

Someone's dreaming if they think that coin is 66+

lostincoins · December 24, 2014 4:32PM

Strong strike, toning viewed in hand much better than images and other than that I don't know as it is not a proof because it is missing the die polish lins in the key areas. I am going to have to sell my 21 that was struck with the proof dies and looks dam close to a circulated proof including die polish lines.

FullStrike · December 24, 2014 5:24PM

That PT Barnum was one smart guy !

morgansforever · December 24, 2014 10:33PM

Old holder, above average detail above the ear? Don't know but the seller must of been happy.

BryceM · December 24, 2014 10:49PM

Happy consignor. Apart from that, ???????

ColonelJessup · December 24, 2014 11:39PM

I wonder if the underbidder is disappointed........

TwoSides2aCoin · December 24, 2014 11:53PM

Because $11K was stretching it just a little.

BillJones · December 25, 2014 1:39AM

The strike is above average, but I cannot justify that price. I don't see that as a candidate for a crack out.

csdot · December 25, 2014 1:46AM

What are those black marks on the obverse at 8:00 and 9:00?

Shamika · December 25, 2014 2:09AM

<< What are those black marks on the obverse at 8:00 and 9:00? >>

Looks like contact toning.

Shamika · December 25, 2014 2:10AM

I think this is one of those cases where two bidders put in a nuclear bids not counting on anyone giving them serious competition. Unfortunately, the winner was left holding the bag.

LindeDad · December 25, 2014 2:15AM

Judging from the images only it looks a lot like the one I had in my Everyman set a few years back.

BUFFNIXX · December 25, 2014 2:59AM

I wonder if the winning bidiot thought he/she was getting an unattributed matte or satin finish proof?

crypto79 · December 25, 2014 3:28AM

<< I think this is one of those cases where two bidders put in a nuclear bids not counting on anyone giving them serious competition. Unfortunately, the winner was left holding the bag. >>

I agree, there are quite a few OGH peace dollar set builders out there but still that is a hard price to comprehend.

ricko · December 25, 2014 9:28AM

I agree with Shamika and Crypto.... nuclear bid that the bidder never believed would be placed...Cheers, RickO

puffer · December 25, 2014 10:23AM

Some people have the $$$ to stretch beyond reason. There are much worse purchases for potential resale value. All you have to do is find someone who sees a collectible as of the same value as you do of which there are millions of potential bidders/buyers.

OldIndianNutKase · December 25, 2014 11:22AM

We have to wonder what the bidder and the underbidder were thinking......... or maybe the shill won the bid. Oops.

OINK

BustHalfBrian · December 25, 2014 1:25PM

<< We have to wonder what the bidder and the underbidder were thinking......... or maybe the shill won the bid. Oops.

OINK >>

Shill bid crossed my mind. How would HA handle such a situation? Would they treat it as criminal?

amwldcoin · December 25, 2014 9:23PM

<< 

<< We have to wonder what the bidder and the underbidder were thinking......... or maybe the shill won the bid. Oops.

OINK >>

Shill bid crossed my mind. How would HA handle such a situation? Would they treat it as criminal? >>

LOL! No, they take their commission and keep on truckin!

coindeuce · December 26, 2014 12:05AM

For those of you that are not VAMGEEKS, it is an R-7 TOP 50 VAM. Probably the top two Registry set owners were going toe to toe for what may be the finest known of this VAM
The bidders may have seen it as better than a 65, as there are already 10 - 65's in the census.

crypto79 · December 26, 2014 12:12AM

dupe post

crypto79 · December 26, 2014 12:16AM

<< For those of you that are not VAMGEEKS, it is an R-7 TOP 50 VAM. Probably the top two Registry set owners were going toe to toe for what may be the finest known of this VAM
The bidders may have seen it as better than a 65, as there are already 10 - 65's in the census.

>>

I disagree, it isn't a vam-3 to these eyes lacking the diagnostic mushy centers or the line through the actual L for that matter. Also the vam-3 is a common enough coin in UNC and gem not to elicit that price, I personally have owned two 64s only avg about 1k for their sale both in P64 artrubuted and one was under graded.

coindeuce · December 26, 2014 12:18AM

You're right John. I misread the OP's remarks. I do believe however that it may be a rare Peace VAM that two Registry set owners were vying for. I believe Eric Justice is a member here, and may offer better insight if he is made aware of the thread.

roadrunner · December 26, 2014 1:07AM

If not some undiscovered VAM probably just good old OGH fever on a coin with a decent strike. Eye appeal, toning, and contact marks look just average to me. I've been involved with a nuclear bid on a so-so coin before so I know it can happen. The consignor got a wonderful Christmas present here.

Why $10k For This Coin?

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