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The infamous 1914 D MS 66+ Red reappearing in the LegendNew Auction next month

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  • SwampboySwampboy Posts: 13,111 ✭✭✭✭✭

    @kaz said:

    @DCW said:

    @leothelyon said:
    Abe's ghost appears on the reverse? I have never seen that before.

    That's called "indirect design transfer," a fairly common phenomenon on Lincoln cents.

    A nice summary explaining this phenomenon is found here: error-ref.com/progressive-indirect-design-transfer/

    Thanks for that

    "Inspiration exists, but it has to find you working" Pablo Picasso

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,615 ✭✭✭✭✭

    I don’t know why, but could give you 192,017 reasons why I would not bid on a Sacajawea/ Washington mule.

  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭
    edited April 13, 2018 8:20PM

    @STEWARTBLAYNUMIS said:
    $ 150,000 was beyond moon money for THAT coin

    By any chance, were you the first/direct underbidder on the coin?

  • DMWJRDMWJR Posts: 6,044 ✭✭✭✭✭

    I don't think a collector owns it. It's a dealer looking for a sucker. This coin was beaten to death last time it came up. I don't see why hunting season is closed on it. Cut behind the head bothers me for the grade.

    Doug
  • leothelyonleothelyon Posts: 8,490 ✭✭✭✭✭
    edited April 16, 2018 7:22AM

    .

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • BoosibriBoosibri Posts: 12,404 ✭✭✭✭✭

    @DMWJR said:
    I don't think a collector owns it. It's a dealer looking for a sucker. This coin was beaten to death last time it came up. I don't see why hunting season is closed on it. Cut behind the head bothers me for the grade.

    As opposed to a private collector looking for a sucker?

  • DMWJRDMWJR Posts: 6,044 ✭✭✭✭✭

    You are right, it could be a collector, I have no idea other than someone with enough juice to get that POS in a 66+ holder. I'm not disparaging a person, just a disagreement about whether that coin is properly graded by PCGS or not. I already said "not a 66+" the last time it came up for sale.

    Doug
  • WalkerfanWalkerfan Posts: 9,748 ✭✭✭✭✭

    Looks like a 65. The cuts and the carbon spot bother me.

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • This content has been removed.
  • DCWDCW Posts: 7,625 ✭✭✭✭✭

    It wouldnt have been granted a plus on a crossover, would it? You think someone had the coconuts to crack a 66 that looked like this, hoping for an upgrade?

    Dead Cat Waltz Exonumia
    "Coin collecting for outcasts..."

  • STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭

    I am not trashing this coin
    I am trashing the grade given to this coin and
    I am trashing the reserve amount for this coin
    If this coin was graded 65+ or even perhaps 66 and reserved for $ 50,000.....
    Screwing an unsuspected buyer is not to be condoned.
    Is there any difference in selling a grossly overgraded coin
    Or selling a doctored coin ?

  • CatbertCatbert Posts: 7,616 ✭✭✭✭✭
    edited April 15, 2018 7:41AM

    .

    Seated Half Society member #38
    "Got a flaming heart, can't get my fill"
  • CurrinCurrin Posts: 1,520 ✭✭✭✭✭

    No matter what is discussed here, this is the finest PCGS graded coin. No matter what your opinions are, that fact can not be changed or challenge, correct?

    My 20th Century Type Set, With Type Variations---started : 9/22/1997 ---- completed : 1/7/2004

    My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
  • PerryHallPerryHall Posts: 46,856 ✭✭✭✭✭

    Has this coin been to CAC? If not, why not? Just wondering.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • earlyAurumearlyAurum Posts: 750 ✭✭✭✭✭

    For what it's worth, the reserve has been met. Certainly interesting to follow.

  • DMWJRDMWJR Posts: 6,044 ✭✭✭✭✭

    @AllCoinsRule said:
    For those that don't know the pcgs pop in ms66rd had been 3/0 for many many years (at least 10 or more). Stewart owned two and Gerry owned one (Thomas Irwin collection). Photos of all 3 might still be on coingallery.org. I think most Lincoln collectors would consider those 3 the 3 finest known.

    The subject of this thread was at that time in an ngc ms66 holder, last selling with Heritage in 1/16 for $27K. The question I ponder is how many times in the 2004-2015 era had it been tried unsuccessfully for crossover.

    This is the question. The coin has been around with a general consensus that it was overgraded in the NGC holder. It's been on the block a half dozen times or more in the last 10 years. It's nothing new.

    Doug
  • BAJJERFANBAJJERFAN Posts: 31,328 ✭✭✭✭✭

    @STEWARTBLAYNUMIS said:
    I am not trashing this coin
    I am trashing the grade given to this coin and
    I am trashing the reserve amount for this coin
    If this coin was graded 65+ or even perhaps 66 and reserved for $ 50,000.....
    Screwing an unsuspected buyer is not to be condoned.
    Is there any difference in selling a grossly overgraded coin
    Or selling a doctored coin ?

    Buying the holder and not the coin, IYO?

    theknowitalltroll;
  • RogerBRogerB Posts: 8,852 ✭✭✭✭✭

    RE: "It's been on the block a half dozen times or more in the last 10 years."

    Hmmmm.... Does that mean there are no tires? Hope there's no Bondo®. :)

  • leothelyonleothelyon Posts: 8,490 ✭✭✭✭✭
    edited April 16, 2018 7:23AM

    .

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • 7Jaguars7Jaguars Posts: 7,746 ✭✭✭✭✭

    Honestly who really cares if this is the finest PCGS graded coin? IMO, as Stewart says, not trashing the coin but rather what seems to be the overgrading of this specimen. God help the eventual buyer (if there is one) at this price.

    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • jmlanzafjmlanzaf Posts: 36,670 ✭✭✭✭✭

    @Boosibri said:

    @DMWJR said:
    I don't think a collector owns it. It's a dealer looking for a sucker. This coin was beaten to death last time it came up. I don't see why hunting season is closed on it. Cut behind the head bothers me for the grade.

    As opposed to a private collector looking for a sucker?

    You forget: collector are angels, dealers are devils.

  • jmlanzafjmlanzaf Posts: 36,670 ✭✭✭✭✭

    @STEWARTBLAYNUMIS said:
    I am not trashing this coin
    I am trashing the grade given to this coin and
    I am trashing the reserve amount for this coin
    If this coin was graded 65+ or even perhaps 66 and reserved for $ 50,000.....
    Screwing an unsuspected buyer is not to be condoned.
    Is there any difference in selling a grossly overgraded coin
    Or selling a doctored coin ?

    Careful, you are calling into question the whole nature of registry sets.

  • jmlanzafjmlanzaf Posts: 36,670 ✭✭✭✭✭

    @7Jaguars said:
    Honestly who really cares if this is the finest PCGS graded coin? IMO, as Stewart says, not trashing the coin but rather what seems to be the overgrading of this specimen. God help the eventual buyer (if there is one) at this price.

    Pretty much anyone with a registry set.

  • specialistspecialist Posts: 956 ✭✭✭✭✭

    point blank stewart is trashing the coin. because the coin does not meet his particular self serving standards. that does not mean it is over graded.

    Even if you drop the +, at the reserve price it was fair.

    I can say that Legend made the decision to sell the coin for what it believes is a fair and proper reserve. Obviously so far at least one person agrees. One thing Legend does NOT do is rip people off by selling bad value coins. Legend certainly does NOT intentionally sell doctored coins either. Stewart is barking up a very bad and wrong tree here.

  • STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭

    jmlanzaf - I am calling into question Gradeflation to the point of being not believable
    I am not calling into question the nature of Registry Sets
    The Set Registry is good for all and fun

  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭

    @STEWARTBLAYNUMIS said:
    jmlanzaf - I am calling into question Gradeflation to the point of being not believable

    Couldn't you have waited until the sale was over? As a matter of courtesy, I would never knowingly bash a coin actively listed for sale. What goes around comes around....

  • jmlanzafjmlanzaf Posts: 36,670 ✭✭✭✭✭
    edited April 15, 2018 5:29PM

    @STEWARTBLAYNUMIS said:
    jmlanzaf - I am calling into question Gradeflation to the point of being not believable
    I am not calling into question the nature of Registry Sets
    The Set Registry is good for all and fun

    Yes, but gradeflation exists and registry sets create the demand for all the new top pops being created. No one with a registry set mindset would pay more money for a prettier 65 than they will pay for an ugly top pop 66. Sad but true.

  • VanHalenVanHalen Posts: 4,330 ✭✭✭✭✭

    Looking at it in the NGC 66 plastic I have to wonder how far it is from RB?

  • jmlanzafjmlanzaf Posts: 36,670 ✭✭✭✭✭

    @VanHalen said:
    Looking at it in the NGC 66 plastic I have to wonder how far it is from RB?

    Not the best picture to look at. I've never seen the coin in hand, BUT the white insert in the NGC holder will tend to cause the camera white balance to make the coin look darker.

  • specialistspecialist Posts: 956 ✭✭✭✭✭

    Give Steward credit though. He has always been vocal about coins he does not like (does not matter if he is right or wrong). I wish more people would be.

    The grading services would be no where with out collectors. When collectors sense gradeflation or problems, the services need to listen. Sadly too many people do not speak out (in a general way).

  • MrEurekaMrEureka Posts: 24,419 ✭✭✭✭✭
    edited April 16, 2018 7:40AM

    FWIW, I've seen Heritage report coins unsold when the buyer does not pay. I've also seen them do it when they believe that it's a fake sale, meaning that the buyer was bidding on behalf of the seller for the purpose of establishing an inflated auction record. I have no idea what the story is with this particular coin, and I'm no expert on the Lincoln Cent market, but I would take the earlier 150K price realized with a grain of salt.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • MrEurekaMrEureka Posts: 24,419 ✭✭✭✭✭

    @specialist said:
    Give Steward credit though. He has always been vocal about coins he does not like (does not matter if he is right or wrong). I wish more people would be.

    The grading services would be no where with out collectors. When collectors sense gradeflation or problems, the services need to listen. Sadly too many people do not speak out (in a general way).

    I agree with the sentiment. On the other hand, I'm not so sure that the TPGs can accomplish much by listening. (Sounds ridiculous, but think about it.) FWIW, when I hear you and STEWARTBLAY talking about gradeflation, and when I look at the prices paid for Registry trophy coins, my reaction is to collect other things. 150K for a 14-D? What would a complete set of Lincolns cost in 66RB? Seriously. Do the math.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • tradedollarnuttradedollarnut Posts: 20,204 ✭✭✭✭✭

    Based upon his history, he has no credibility. IF he had never bashed a coin here that he wanted to buy to drive its price down, THEN he could open his mouth

    Wolf! Wolf! Wolf!

  • OldIndianNutKaseOldIndianNutKase Posts: 2,715 ✭✭✭✭✭

    @PerryHall said:
    Has this coin been to CAC? If not, why not? Just wondering.

    Can not one reasonably assume that it would be very unusual in a Legend Auction that a coin with this value has been sent to CAC?

    OINK

  • BAJJERFANBAJJERFAN Posts: 31,328 ✭✭✭✭✭

    @OldIndianNutKase said:

    @PerryHall said:
    Has this coin been to CAC? If not, why not? Just wondering.

    Can not one reasonably assume that it would be very unusual in a Legend Auction that a coin with this value has been sent to CAC?

    OINK

    Fair to assume that it didn't get blessed by JA IMO.

    theknowitalltroll;
  • STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭

    TradeDollar Nut - For you to say I have no credibility is totally BS ! Perhaps you are still
    Upset about the damaged 1804 dollar you bought ?
    IMO Legend has a lot of credibility in procuring gem coins for clients and for auction. We both know not to be shy and reserved when a coin gets us excited. We also have had shots taken at us because we pay more than most dealers and collectors for the best

    I can humbly say I do know Lincoln cents and I do not want to own this 1914 D in its present
    holder.

  • CatbertCatbert Posts: 7,616 ✭✭✭✭✭

    What holder would you like to own it in?

    Seated Half Society member #38
    "Got a flaming heart, can't get my fill"
  • tradedollarnuttradedollarnut Posts: 20,204 ✭✭✭✭✭

    @STEWARTBLAYNUMIS said:
    TradeDollar Nut - For you to say I have no credibility is totally BS ! Perhaps you are still
    Upset about the damaged 1804 dollar you bought ?
    IMO Legend has a lot of credibility in procuring gem coins for clients and for auction. We both know not to be shy and reserved when a coin gets us excited. We also have had shots taken at us because we pay more than most dealers and collectors for the best

    I can humbly say I do know Lincoln cents and I do not want to own this 1914 D in its present
    holder.

    Well, you know your stuff. And you USED to have credibility here. And then you trashed a coin here and bought it out of auction and said ‘all’s fair’. So now NO ONE can know what your motivation or true opinion of a coin is anymore.

    You could hate this coin in its current holder ...or you could secretly love this coin, plan to buy it and are just talking the price down. The fact is that we don’t have any way to know which - and that’s why you have NO credibility here any more.

    Was it worth it to save a few bucks? I wonder

  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭

    @Catbert said:
    What holder would you like to own it in?

    Probably hoping for an upgrade since the standards are now mush...

  • BAJJERFANBAJJERFAN Posts: 31,328 ✭✭✭✭✭

    @OldIndianNutKase said:

    @PerryHall said:
    Has this coin been to CAC? If not, why not? Just wondering.

    Can not one reasonably assume that it would be very unusual in a Legend Auction that a coin with this value has been sent to CAC?

    OINK

    If you asked the auctioneer they would tell you if it was submitted or not, no? Also what does the promotional writeup say?

    theknowitalltroll;
  • bronco2078bronco2078 Posts: 10,425 ✭✭✭✭✭

    @BAJJERFAN said:

    @OldIndianNutKase said:

    @PerryHall said:
    Has this coin been to CAC? If not, why not? Just wondering.

    Can not one reasonably assume that it would be very unusual in a Legend Auction that a coin with this value has been sent to CAC?

    OINK

    If you asked the auctioneer they would tell you if it was submitted or not, no? Also what does the promotional writeup say?

    it doesn't say anything , its just the poop emoji

  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭
    edited April 17, 2018 5:43AM

    I saw Stewie drinking a pina colada at Trader Vic's, and his hair was perfect >:)

    Sorta like debating a trade deficit balance with Trudeau, eh?

    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • MrEurekaMrEureka Posts: 24,419 ✭✭✭✭✭

    @ColonelJessup said:
    I saw Stewie drinking a pina colada at Trader Vic's, and his hair was perfect >:)

    Sorta like debating a trade deficit balance with Trudeau, eh?

    Doonesbury was great!

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,615 ✭✭✭✭✭

    This is painful to read, brethren.

  • CameonutCameonut Posts: 7,384 ✭✭✭✭✭

    The gorilla dust is getting even thicker!

    Where is that popcorn icon when you need it!

    “In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson

    My digital cameo album 1950-64 Cameos - take a look!

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