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1938-D Buffalo Nickel up to $11,000 at Legend auction.

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  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @DollarAfterDollar said: "Spots below the feathers, ..."

    Darn, you are correct. Good eye! The nicks don't bother me as a MS-68 is two points from perfection.

    There are three tiny specks with "reaction rings" on the surface of the obverse. They should develop more over time. Still, it's a pretty coin.

  • MarkMark Posts: 3,586 ✭✭✭✭✭

    When I look on the Legend auction web site for this coin, it says "Lot was passed"???

    Mark


  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    edited December 20, 2016 11:09AM

    Hold the presses.

    legendauctions.hibid.com/catalog/90222/the-regency-auction-xix/?cpage=3

    So it doesn't appear it actually sold. I was watching another lot (1851 50c MS65 lot 306) that was listed as "sold" this past weekend at $9693. It stayed that way for a couple days. Now it says "passed" as well. 18 of the AD Buffs show as "passed." 3c silvers show 6 out of 8 passed. 5 out of 9 seated quarters show passed. 17 of 19 Proof Barber quarters listed as passed (14 of the 17 were CAC and most graded 67/68).

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭

    @roadrunner said:
    Hold the presses. Change the headlines.

    legendauctions.hibid.com/catalog/90222/the-regency-auction-xix/?cpage=3

    So it doesn't appear it actually sold. Congratulations to the new owner may have been premature. I was watching another lot (1851 50c MS65 lot 306) that was listed as "sold" this past weekend at $9693. It stayed that way for a couple days. Now it says "passed" as well. What's going on??????

    It doesn't show as passed in the passed lot email I received yesterday

    M

    Walker Proof Digital Album
    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......
  • DoubleEagle59DoubleEagle59 Posts: 8,385 ✭✭✭✭✭

    Even if I had it to spend it, I would never buy such a coin.

    Buying Top POP modern coins is a recipe for financial disaster.

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • msch1manmsch1man Posts: 809 ✭✭✭✭

    @Justacommeman said:

    @roadrunner said:
    Hold the presses. Change the headlines.

    legendauctions.hibid.com/catalog/90222/the-regency-auction-xix/?cpage=3

    So it doesn't appear it actually sold. Congratulations to the new owner may have been premature. I was watching another lot (1851 50c MS65 lot 306) that was listed as "sold" this past weekend at $9693. It stayed that way for a couple days. Now it says "passed" as well. What's going on??????

    It doesn't show as passed in the passed lot email I received yesterday

    M

    Got the same e-mail and just went back and checked it...you're right, it isn't included in the 'Unsold Lots Listed for Sale' list...

    https://indd.adobe.com/view/e1dbf420-039b-4c76-8e49-3df9a6d72b04

  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    edited December 20, 2016 11:07AM

    Well something is screwy. Only 3 proof Barber quarters show up on the unsold list....and 17 show up as "passed" in the auction archives. And there's no doubt in my mind the 1851 half I mentioned went from showing a price realized to "passed."

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • MarkMark Posts: 3,586 ✭✭✭✭✭

    We need TDN to ride to the rescue, telling us what was sold and what was passed!

    Mark


  • wondercoinwondercoin Posts: 17,007 ✭✭✭✭✭

    "Lot Was Passed"

    And, while many suggest the buyer paid way too much for this Buffalo nickel, it appears the seller felt it was worth even more and the lot appears to have failed to meet reserve. And, the seller may have been right - remember a 1938 Jefferson Nickel in top grade is roughly a $20,000.00 - $25,000.00 coin! HAHAHA!

    Wondercoin

    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭

    Maybe it's just a "passing" fancy. If the "unsold" list is accurate, that's over a 92% sell through rate. That would be impressive in the current market.

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    edited December 20, 2016 11:39AM

    @wondercoin said:
    "Lot Was Passed"

    And, while many suggest the buyer paid way too much for this Buffalo nickel, it appears the seller felt it was worth even more and the lot appears to have failed to meet reserve. And, the seller may have been right - remember a 1938 Jefferson Nickel in top grade is roughly a $20,000.00 - $25,000.00 coin! HAHAHA!

    Wondercoin

    Ahh. But that 1938-d MS68 Jeff would be a "Wondercoin approved" MS68. Not an easy thing to get. Interesting that the PCGS price guide shows a regular 1938-d Jeff in MS68 at $3,000....and a Full Steps 68 at $6500 (pop 1).

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • wondercoinwondercoin Posts: 17,007 ✭✭✭✭✭

    RR: Interesting... I seem to recall the coin (38-D Jeff in 68FS) coming to auction (I thought Heritage) and purportedly selling for $20,000+. Now, not a trace of the sale? Very interesting ... so for now, it's just a "$6,500 coin" (wherever it is and whatever happened to it).

    Wondercoin

    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • tradedollarnuttradedollarnut Posts: 20,236 ✭✭✭✭✭

    @Mark said:
    We need TDN to ride to the rescue, telling us what was sold and what was passed!

    Computer glitch: one coin was removed from sold status which somehow caused an entire group to be removed. Yes, the 38-D sold. The group status is being made correct

  • stmanstman Posts: 11,352 ✭✭✭✭✭

    @tradedollarnut said:

    @Mark said:
    We need TDN to ride to the rescue, telling us what was sold and what was passed!

    Computer glitch: one coin was removed from sold status which somehow caused an entire group to be removed. Yes, the 38-D sold. The group status is being made correct

    Ah man, they were having so much fun speculating and degrading and you come ruin it all. :)

    Please... Save The Stories, Just Answer My Questions, And Tell Me How Much!!!!!
  • TONEDDOLLARSTONEDDOLLARS Posts: 2,928 ✭✭✭✭

    Roadrunner, why bother

  • MarkMark Posts: 3,586 ✭✭✭✭✭

    TDN:

    Thanks!

    Mark


  • Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    @roadrunner said:

    @Wabbit2313 said:

    I choose to believe I understand it just fine and will not defend that. Do you have any high end graded coins?

    You mean like owning dozens of PF MS66/67/68 Seated and Barber coins over the years? Then yes. My best coin ever was a MS67 1867-s quarter....owned if from 1986-2004...it's currently PCGS MS67 CAC and finest known by 3 points. I've had my share and done my research, usually long before anyone else had.

    Crack it out, sell it at auction raw, and see where it ends up. That is your own advice.

  • breakdownbreakdown Posts: 2,269 ✭✭✭✭✭

    Andy may have seen more high grade buffalo nickels than almost anyone in the last twenty years. When I was putting my set together, I always enjoyed speaking to him and bought a few of my set from him. A straight shooter that understood the Buffalo market very well.
    I probably saw this 38-D although I don't remember it. I do think Andy disagreed with JA on a few Buffalos so the fact this 38-D didn't sticker does not surprise me. The Angel Dee pedigree will stand for something when it comes to Buffalos.
    This coin I suspect has great luster and is a little soft in spots on the edges. IMO this is one series where strike should matter a bit more than in others so I probably would not have bought it as a 68. But to get a 68 in a buffalo requires great luster and color. I assume that is what led to this 68. Color in Buffalos is very dangerous but I would trust Andy to be discerning.

    "Look up, old boy, and see what you get." -William Bonney.

  • BUFFNIXXBUFFNIXX Posts: 2,727 ✭✭✭✭✭

    Someday we will wake up to our latest edition of Coin World or Numismatic News to the excitement of the first slabbed pcgs 1938-d buffalo nickel in MS69. And soon thereafter an ngc ms69 will show up.!! Imagine the action that will generate at a future heritage auction when the registry set aficionados go nuts!! Be the first to have an ms69 slabbed buff in your registry set! Maybe a hundred grand or so??
    Gonna happen, It will, someday. Trust me!!

    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"
  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @BUFFNIXX said:
    Someday we will wake up to our latest edition of Coin World or Numismatic News to the excitement of the first slabbed pcgs 1938-d buffalo nickel in MS69. And soon thereafter an ngc ms69 will show up.!! Imagine the action that will generate at a future heritage auction when the registry set aficionados go nuts!! Be the first to have an ms69 slabbed buff in your registry set! Maybe a hundred grand or so??
    Gonna happen, It will, someday. Trust me!!

    And it is probably going to be one that is graded MS-68 at the moment. :)

  • DoubleEagle59DoubleEagle59 Posts: 8,385 ✭✭✭✭✭

    and then what would the price of an ms68 be?

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    edited December 21, 2016 10:43AM

    @Wabbit2313 said:

    @roadrunner said:

    @Wabbit2313 said:

    I choose to believe I understand it just fine and will not defend that. Do you have any high end graded coins?

    You mean like owning dozens of PF MS66/67/68 Seated and Barber coins over the years? Then yes. My best coin ever was a MS67 1867-s quarter....owned if from 1986-2004...it's currently PCGS MS67 CAC and finest known by 3 points. I've had my share and done my research, usually long before anyone else had.

    Crack it out, sell it at auction raw, and see where it ends up. That is your own advice.

    Didn't have to. I sold it at auction back in 2004 in the NGC MS67 holder. The coin sold itself as the finest known and brought a record price. Went into the finest all-time seated quarter collection. Had the coin been raw or still in the old PCGS MS66 rattler? It still would have brought about the same money. Different era than 2016 though.

    That was a far different circumstance than a MS68 1938-d Buff where tens of thousands of gem examples are slabbed. For my coin there was only a single one above MS64 and only 8-10 or so uncs total. My point was that a coin's value should ideally be somewhat repeatable regardless of holder or even if raw. That was and is the case for my coin where 80-90% of the value comes from the raw coin itself, independent of the holder. It's NOT necessarily the case for a 1938-d MS68 buff where the holder could be assigning up to 80-90% of the coin's value. Would the same toner Buff in a 67+ holder bring within 50% of the current price? Would it bring $10K-$13K raw? That's how you determine if the coin or the plastic is assigning the value. If you don't want to know....then obviously you don't crack it out.

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • This content has been removed.
  • 7Jaguars7Jaguars Posts: 7,770 ✭✭✭✭✭

    Hot potato on the OP coin. Who's stuck with it when the music stops?
    Now I know what all the St. E's patients are doing after Ronnie booted them out into the street.
    PM for reference on this latter bit....

    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • mr1931Smr1931S Posts: 6,427 ✭✭✭✭✭

    Who's stuck with it when the music stops?

    ;)

    Whoever is careless with the truth in small matters cannot be trusted with important matters.

  • joeykoinsjoeykoins Posts: 17,634 ✭✭✭✭✭

    <3<3<3

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
  • unclebobunclebob Posts: 433 ✭✭✭

    Very attractive , but I'd be happy with a 67 all day.

    I am easy to please.

  • unclebobunclebob Posts: 433 ✭✭✭
    edited May 6, 2017 4:26PM

    Well... I started my chase for 68.

    Went to a 30 table show today and picked up 4 raw, modestly toned 1938d Buffalo Nickels. One looks D/D

    B)

    See ya at the party!

  • TwobitcollectorTwobitcollector Posts: 3,976 ✭✭✭✭✭

    I don't do well with colors, it looks yellow and gray to me. So I just stick to white or brown for unc. and brown and gray for circulated.

    Positive BST Transactions with:
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  • BUFFNIXXBUFFNIXX Posts: 2,727 ✭✭✭✭✭

    I have seen any number of pcgs (and some ngc) ms67 buffs that were so darn nice I would stand them up against any of the ms68’s that are floating around. Would rather have a nice ms67 1938d all day instead of an ms68, which to be honest I really cannot afford.

    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"
  • BUFFNIXXBUFFNIXX Posts: 2,727 ✭✭✭✭✭

    @Insider2 said:

    @BUFFNIXX said:
    Someday we will wake up to our latest edition of Coin World or Numismatic News to the excitement of the first slabbed pcgs 1938-d buffalo nickel in MS69. And soon thereafter an ngc ms69 will show up.!! Imagine the action that will generate at a future heritage auction when the registry set aficionados go nuts!! Be the first to have an ms69 slabbed buff in your registry set! Maybe a hundred grand or so??
    Gonna happen, It will, someday. Trust me!!

    And it is probably going to be one that is graded MS-68 at the moment. :)

    Right you are Insider2, and I have a monster ms67 1938d buff that is fully profile and to me at least should go ms67+
    It is getting cracked out soon and going to pcgs for grading. It is now in an ICG holder and is a monster to behold.

    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"
  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭
    edited May 8, 2017 8:42AM

    It will possibly go up but why give PCGS a warning that it is coming in? They must monitor this site.

    Anyway, IMO ICG tends to be more conservative on high grade "vintage" coins than PCGS. Good Luck!

  • KkathylKkathyl Posts: 3,762 ✭✭✭✭✭

    :p

    Best place to buy !
    Bronze Associate member

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