Dumb money or under graded coin?

Answers

• uscoinguy Posts: 150 ✭✭✭

  April 14, 2019 7:05PM

  Maybe it is the rare 1924 S no S variety?

  Always trying to learn more

  5
• DIMEMAN Posts: 22,403 ✭✭✭✭✭

  April 14, 2019 7:22PM

  Not even pretty tone.....have no idea why it went so high.

  0
• ChrisH821 Posts: 6,755 ✭✭✭✭✭

  April 14, 2019 7:52PM

  No idea

  Collector, occasional seller

  0
• lkenefic Posts: 8,597 ✭✭✭✭✭

  April 14, 2019 8:28PM

  Distracting spots... IDK...

  Maybe a rare variety????

  Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;
  
  Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.

  1
• Aotearoa Posts: 1,561 ✭✭✭✭✭

  April 14, 2019 8:29PM

  I'm smelling crack, dip and resubmit. Though that's not going to fix the rim scratches...

  Smitten with DBLCs.

  0
• Hemispherical Posts: 9,370 ✭✭✭✭✭

  April 14, 2019 8:40PM edited April 14, 2019 10:26PM

  Same grade by ATC, auction at Legend this past March sold for over 4K.

  https://legendauctions.hibid.com/lot/48764198/-1-1924-s-ngc-ms65/

  Other auctions were between 2-5K. https://www.pcgs.com/coinfacts/coin/1924-s-1/7364

  Thinking the seller was hoping for similar results; but ~$790 (with fee) sounds like a good deal for the buyer.

  2c

  @U1chicago Thanks!

  That makes a BIG difference. A ‘24. No idea why the OP’s linked GC auction went for $790. Agree, someone may have mistaken an S with too many 🥃🍺.

  Reverse image.
  

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• U1chicago Posts: 6,565 ✭✭✭✭✭

  April 14, 2019 8:47PM

  @Hemispherical said:
  Same grade by ATC, auction at Legend this past March sold for over 4K.

  https://legendauctions.hibid.com/lot/48764198/-1-1924-s-ngc-ms65/

  Other auctions were between 2-5K. https://www.pcgs.com/coinfacts/coin/1924-s-1/7364

  Thinking the seller was hoping for similar results; but ~$790 (with fee) sounds like a good deal for the buyer.

  2c

  The GC one was a Philly not a San Fran though.

  Maybe someone made a mistake thinking it was an “S”?

  1
• jtlee321 Posts: 2,365 ✭✭✭✭✭

  April 14, 2019 11:04PM

  I'm wondering if two different people thought it was a possible new VAM. I see what looks like possibly a decent sized die break on the eagle's leg. If that's the case, then it would be a gem discovery coin and worth it for a VAMer.

  Justin Lee Numismatic Photography
  
  
  
  

  1
• davewesen Posts: 6,691 ✭✭✭✭✭

  April 15, 2019 3:59AM

  I think the consignor was thrilled

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• MFeld Posts: 14,963 ✭✭✭✭✭

  April 15, 2019 4:23AM

  The coin looks exceptionally clean. My guess is that more than one bidder thought it would grade 66+ or higher.

  Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

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• BuffaloIronTail Posts: 7,550 ✭✭✭✭✭

  April 15, 2019 4:34AM

  @jtlee321 said:
  I'm wondering if two different people thought it was a possible new VAM. I see what looks like possibly a decent sized die break on the eagle's leg. If that's the case, then it would be a gem discovery coin and worth it for a VAMer.

  That would be one reason for the price.

  Pete

  "I tell them there's no problems.....only solutions" - John Lennon

  0
• Outhaul Posts: 7,440 ✭✭✭✭✭

  April 15, 2019 4:54AM edited April 15, 2019 4:56AM

  Looks like a bog standard, common date Peace dollar to me. That's way more than 66 money too.

  0
• ricko Posts: 98,724 ✭✭✭✭✭

  April 15, 2019 4:57AM

  @Treesaurus....Welcome aboard.... I think it was seen as a dip candidate with the potential of a higher grade.... Cheers, RickO

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