Nobody wants this Barber Quarter PCGS MS66 Toned?
Numiven
Posts: 382 ✭✭✭
Been following this Barber Quarter, look at the journey...
The spot between 3 o clock and 5 o clock looks like some cleaning was done, but I could be wrong.
But look at this coin's journey in this short span of time - Somebody is taking a good loss and the auction houses are making good money, but why would someone do this? Or some internal auction house deal is going on....
Maybe its a voodoo coin? 
7/18/2016 - Sold for $2,377.10
http://www.greatcollections.com/Coin/368327/1893-O-Barber-Quarter-PCGS-MS-66-Toned
8/10/2016 - Sold for $2,350
https://coins.ha.com/itm/a/1238-3782.s
Same coin sold again in a month...
9/18/2016 - Sold for $1,854.60
http://www.greatcollections.com/Coin/391162/1893-O-Barber-Quarter-PCGS-MS-66
Back again on auction listing - I bet it will sell for less than the previous sale.
7/18/2017 - up for auction - current price $1,025
http://www.greatcollections.com/Coin/446005/1893-O-Barber-Quarter-PCGS-MS-66
How much will this sell for this time around and when will it hit the market next?
Comments
This kind of thing is always a little confusing to me. Perhaps various bidiot collectors are winning and quickly dumping it (for a loss), upgrade guys are buying it for the chance to run it through the regrade/sticker mill (unlikely, as it still carries the same cert number), or it really isn't selling via one of the usual auction games (consignor buyback, auction house "purchase" or similar). Any way you slice it, it's basically the opposite of "fresh" now. On my tiny screen it looks nice enough.
Makes you wonder what's really happening behind the curtain....
I guess people don't understand the idea that the second, third, and fourth times that a coin is on the market in the timespan of a year, are just redundant? Everyone who wanted the coin knew it was for sale the first time and went after it the first time. It's delusional to think that more people will be interested in it 1 month later. Everyone saw it a month ago and now there is 1 less bidder.
Delusional is the only thing I can think of. My bet: $1631.26.
Successful transactions with: wondercoin, Tetromibi, PerryHall, PlatinumDuck, JohnMaben/Pegasus Coin & Jewelry, CoinFlip, and coinlieutenant.
To me, the image is of an unattractive coin that has retoned in a bizarre way and there may be some other things going on with it, especially on the obverse. I wouldn't bid on a coin like that. I can't speak for anyone else.
Many people think they know much more than they actually do. I'll leave it there.
"Seu cabra da peste,
"Sou Mangueira......."
That is quite the journey - price wise, and frequency of sale. Another year and it should go for $500.
Cheers, RickO
I don't think that the coin has very nice eye appeal for piece that is graded MS-66. Maybe it looks better in person, but I don't find any of the pictures of it appealing.
There is also the issue of overexposure. It is foolish to think that putting up the same coin for sale time after time will enhance its value. It is the reverse of the "freshness" concept. This coin has gone "stale."
The barber market has dropped in some dates/grades as much as 50%.
In my opinion grading strictly from photos the coin looks to have lower eye appeal and low end for the grade- if not straight just overgraded.
As unattractive low end coins continue to sell at auction for less and less money, the better quality nicer stuff will continue to suffer and get dragged down as well.
Check the auction archive on this particular date in ms65 (keeping in mind this coin is graded ms66) Other than the 2 pcgs ms65's that sold 1/17, the previous 6 MS65 all look nicer than this ms66.
https://pcgs.com/auctionPrices/details/1893-o-ms/5605/5605
For the record, I went back and looked at the photos on a real monitor. The obverse isn't terrible and I don't really mind the toning but the reverse is blah. Dull, uniform, and not very impressive for a 66.
Whoever won the last auction received a pretty good deal in my opinion.
This coin has appeared on GC 3 times. To me, it seems the first set of photos are the brightest while the last set is the dullest, with the middle appearance also having a middling photo. From a photo perspective, I think the coin looks most interesting in the first GC auction and least interesting in the current GC auction.
Every coin is looking for a happy owner. Obviously there are a lot of sellers trying to find a happy resting place for one.
``https://ebay.us/m/KxolR5
It looks like several winning bidders and underbidders haven't been happy with what they have seen.
not attractive
BHNC #203
It's hard to be a happy owner on some of this stuff when all it does is go down in value every year. Unfresh...no sticker...not the toning pattern most buyers desire, etc. The only way to make it worse is put it in a different holder.
Personally, I don't mind the coin. For the right price, I'd buy it. And the current price is yet to be determined until the auction ends Sunday. Most MS66's Barbers these days have too many facial marks for my tastes. I long for those days when a 66 had a puffy and perfectly clean cheek....sort of similar to a MS67+/68 Morgan dollar of today. An all there MS66 should be worth around $2500. So this one has been recently bringing 65+ money. $1600 would be a rough wholesale price for a 65+ coin.
No one is believing it is a 66, including me. Show graded and someone got a gift!
It's kind of interesting that less than a month apart the prices between GC and HA are the same, but then a month later it takes a big hit back on GC.
It will be interesting to see what it brings this weekend back on GC.
It looks over graded and ugly to me.
This 66 looks a lot nicer and went for $4140 with BP not longer after (Oct 2016) when the OP coin sold for $1850
I've heard that grading is tougher at the shows. The only experience I had with it was when a dealer asked if he could run a coin I had in inventory through the show grading to see if it would go into the holder he wanted.
It was a long while ago, but as I remember it, it was an 1854 With Arrows Half Dollar in an NGC MS-64 holder. The coin was bight and smooth but it had been dipped. PCGS refused to cross it, and the guy was out $100.
I almost want to buy it to send it in under the guarantee to keep it from further killing the prices of all of the nice PCGS MS66 1893-O quarters.
Could it be that the owner is buying back the coin because it isn't reaching his desired min price?
Life member #369 of the Royal Canadian Numismatic Association
Member of Canadian Association of Token Collectors
Collector of:
Canadian coins and pre-confederation tokens
Darkside proof/mint sets dated 1960
My Ebay
CDN bid is $2500. This coin currently up to $1902 on GC. It wb interesting c what it finally realizes vs bid.
We are in the summer doldrums. I recently picked up a slabbed coin lot off eBay for 26 cents on the dollar. 20 pct back of bid would be good for a big ticket tarnished piece like the 1893 quarter considering current market conditions. A sticker would be ineffective. That kind of big money spend on slabbed MWG or AGE close to melt.
In looking at that Barber 25c piece no interest and it wb a tough sell on the bourse. I think whoever picks it up wb buried in it.
Nice. Dealers were offering less than this for PCGS non CAC at the last show I was at.
3 bidders at $2,000 or higher net. So much for the original premise about no buyers. Currently bid to $2147 with the buyer's fee included. That could take it.
The spot between 3 o clock and 5 o clock looks like some cleaning was done, but I could be wrong.
That would be wrong. That's luster showing through a relatively un-toned area of the coin, encompassing much of the right obverse field.
Could this be anecdotal evidence of the beginning of a market recovery or merely a couple of confused and/or intoxicated bidders?
$2365 price realized....dead on to the other 2 prices. That's 3 out of 4 in agreement, which suggests the 4th price at $1854 may not have bean a real sale...possibly a buy back or return, or some other administrative glitch. Looks like the OP got excited about nothing.
I don't think GC allows buy backs. The market may have improved since last year. In the last year, the prices realized at GC generally also seem to have improved across the board from before. It may be an anomaly, but I am inclined to believe it was a real sale and thus a valid data point.
This thread may have also helped out the coin. There is nothing like free advertising.
Can't agree! Maybe one from here bought it.
Good I was not bidding on it.