What Am I Missing Here
ilikemonsters
Posts: 767 ✭✭✭✭
Why did this sell for so much? I can't imagine this upgrading by two points.
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ilikemonsters
Posts: 767 ✭✭✭✭
Comments
"The Magic of the First Generation Holder"?
Several comps have sold for ten times less.
Plastic Mania is very unpredictable.
Joseph J. Singleton - First Superintendent of the U.S. Branch Mint in Dahlonega Georgia
Findley Ridge Collection
About Findley Ridge
a waste of money
BHNC #203
Yes, there are people who go ga-ga over “rattle holders” because all of the coins in them are supposed to be undergraded. While the standards used back then were more conservative overall, that was not true in all cases. Also one has to look at the coin and determine if it really is far better than the grade marked in the holder. Too many collectors can’t or won’t do that. You also need to decide if the potential upgrade justifies the price. Too many collectors do do that either; they just buy the plastic.
I am part of the minority who don’t care for rattle holders because of what the term says. Too many of them rattled. From the technical standpoint, most of the later generations of holders are far better. Years ago I committed the ultimate sin. I had coins in rattle holders re-holdered.
As for this coin, it looks like a piece that was taken from a mint set with nice, but not outstanding eye appeal. Many of the high grade, certified coins from this era were lifted from mint sets.
Neither the slab nor the tarnish appeal to me.... and the price paid is ridiculous (IMO)....Cheers, RickO
I can see paying a small premium for the holder, but I would not pay more than 50 cents for that coin.
JMHO. Donato
Donato's Complete US Type Set ---- Donato's Dansco 7070 Modified Type Set ---- Donato's Basic U.S. Coin Design Set
Successful transactions: Shrub68 (Jim), MWallace (Mike)
It's not what you have but who has it to flip.
it would have been money better spent on a good classic rarity, jmo
That coin looks so ordinary and blah, even if it could get a grade bump. Bidiocy at its finest. Bet the seller was wetting his pants too.
10-4,
My Instagram picturesErik
My registry sets
"Bidiocy" for sure. I like that term.
We should "Hall of Fame" that one, Elmer.
Pete
It looks better than a 65 to me and also looks to have FBL. Did they not specify this back then? Or does it not have FBL?
The coin may look better in hand than it does in the photo.
However when I look at the coin the first thought that comes into my mind is "Yellow Snow" (and the fact that when I was a kid growing up in Denver my parents would say "Do not eat Yellow Snow."
It would need to grade 67FBL in order to be worth the price paid. I think it is safe to say that will not happen.
@ilikemonsters
True, it looks like 67fbl would hit 2,500 whereas 66fbl only about 300. But, I wonder how much you could have paid for it back in 1957 probably 50C. Meaning, what could it be worth in 10 to 20 more years.
It looks like it could go 66+ depending on the luster. It's very clean and it looks like it's FBL.
We'll use our hands and hearts and if we must we'll use our heads.
So the two in the war would be “Bidiots”?
That’s ridiculous for it to sell that high. Only thing I can think of if it’s FBL and the D/D variety. Highest grade is ms65. Top pop potential if so.
The coin looks to be FBL and is an easy 66+ IMHO. My only thought is maybe someone is aiming for a 67 FBL, but a $1k risk for a $3k coin IF the bet pans out seems a bit extreme. It doesn't look like the RPM to me, and even the RPM doesn't look to fetch that much of a premium.
Add to the list of things that make you go "huh".
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
In looking at the bidding history, if bidder 2 or 3 just sat on their hands until the auction was about to end it would not have sold for so much.
Reminds me of the guys on storage wars where they say "if that guy really wants it, then they are going to have to pay up" or something to that effect.