@Goldbully said:
Buyer will have to hold on to his winning coin for a decade before he sees a ROI.
There’s absolutely no way to know that. The buyer might never see a profit. On the other hand, I’ve seen a lot of coins get flipped by winning bidders who were laughed at for the prices they paid.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@braddick said:
Bill Gates makes enough money that to him $50,000. is about equal to a quarter to you and me (give or take).
If you dropped a quarter you very well may not bend over and pick it up.
Same if Bill Gates were to drop $50,000.00
So, if 50K equals a quarter, $7K is chump change to some.
I might have to take a look to see if it was silver...
Everything sells for inflated prices at great collections. That’s exactly what they advertise in their marketing page.
Clearly, it’s a place to sell not a place to purchase, duh 😆
@Coinscratch said:
Everything sells for inflated prices at great collections. That’s exactly what they advertise in their marketing page.
Clearly, it’s a place to sell not a place to purchase, duh 😆
That's not accurate. There are lots of factors. As an example:
@Coinscratch said:
Everything sells for inflated prices at great collections. That’s exactly what they advertise in their marketing page.
Clearly, it’s a place to sell not a place to purchase, duh 😆
That's not accurate. There are lots of factors. As an example:
I’m sure there are some deals to be had there. I’m just playing around as I’m not even in the retail buyers market. but I’ll certainly be looking to list some there at some point.
@Coinscratch said:
Everything sells for inflated prices at great collections. That’s exactly what they advertise in their marketing page.
Clearly, it’s a place to sell not a place to purchase, duh 😆
That's not accurate. There are lots of factors. As an example:
10 days apart, identical coins/grades/provenance. The SB coin went for almost double the price.
The Stacks Bowers photo looks a lot better than the other coin that looks what’s the word I read it here recently, processed.
Even if you were correct, that still doesn't explain the $3,400 price difference between the two.
And while you're certainly entitled to think whatever you wish and I can't speak to the SB coin... the GC coin is mine and I can certainly tell you that you could not be more mistaken.
@Coinscratch said:
Everything sells for inflated prices at great collections. That’s exactly what they advertise in their marketing page.
Clearly, it’s a place to sell not a place to purchase, duh 😆
That's not accurate. There are lots of factors. As an example:
10 days apart, identical coins/grades/provenance. The SB coin went for almost double the price.
The Stacks Bowers photo looks a lot better than the other coin that looks what’s the word I read it here recently, processed.
Even if you were correct, that still doesn't explain the $3,400 price difference between the two.
And while you're certainly entitled to think whatever you wish and I can't speak to the SB coin... the GC coin is mine and I can certainly tell you that you could not be more mistaken.
Well, then, that must be a terrible picture To sell by and you must’ve been upset with the result.
IMO, the color is amazing. Someone with a lot of money apparently loves the coin.
Hard to cubby hole this particular example in a regular price guide.
The price realized is amazing as well.
Sort reminds me of the 1938-S PCGS MS68+ FB Mercury Dime that brought well into six figures in a Legends Auction back in 2019(?). Talk about phenomenal color!
@Coinscratch said:
Everything sells for inflated prices at great collections. That’s exactly what they advertise in their marketing page.
Clearly, it’s a place to sell not a place to purchase, duh 😆
That's not accurate. There are lots of factors. As an example:
10 days apart, identical coins/grades/provenance. The SB coin went for almost double the price.
The Stacks Bowers photo looks a lot better than the other coin that looks what’s the word I read it here recently, processed.
Even if you were correct, that still doesn't explain the $3,400 price difference between the two.
And while you're certainly entitled to think whatever you wish and I can't speak to the SB coin... the GC coin is mine and I can certainly tell you that you could not be more mistaken.
Well, then, that must be a terrible picture To sell by and you must’ve been upset with the result.
I was the purchaser and was delighted at the bargain that I got and the coin is fantastic and just about as original as they come.
@Coinscratch said:
Everything sells for inflated prices at great collections. That’s exactly what they advertise in their marketing page.
Clearly, it’s a place to sell not a place to purchase, duh 😆
That's not accurate. There are lots of factors. As an example:
10 days apart, identical coins/grades/provenance. The SB coin went for almost double the price.
The Stacks Bowers photo looks a lot better than the other coin that looks what’s the word I read it here recently, processed.
Even if you were correct, that still doesn't explain the $3,400 price difference between the two.
And while you're certainly entitled to think whatever you wish and I can't speak to the SB coin... the GC coin is mine and I can certainly tell you that you could not be more mistaken.
Well, then, that must be a terrible picture To sell by and you must’ve been upset with the result.
I was the purchaser and was delighted at the bargain that I got and the coin is fantastic and just about as original as they come.
I see. So then you can definitely verify the picture stinks Or do you like it too?
@Coinscratch said:
Everything sells for inflated prices at great collections. That’s exactly what they advertise in their marketing page.
Clearly, it’s a place to sell not a place to purchase, duh 😆
Wow. GC is like any other auction house. There are occasional bargains and some coins sell for seemingly ridiculous prices but most coins sell pretty close to FMV.
@Coinscratch said:
Everything sells for inflated prices at great collections. That’s exactly what they advertise in their marketing page.
Clearly, it’s a place to sell not a place to purchase, duh 😆
Wow. GC is like any other auction house. There are occasional bargains and some coins sell for seemingly ridiculous prices but most coins sell pretty close to FMV.
Well, that’s nice to know. My only experience there is the marketing page where they routinely advertise coins that sold at four and five times their market value. I still haven’t actually tried to buy anything yet lol.
I just checked GC's auction archives. Back in October 2021 there was a PCGS MS64 CAC 1881-S $1 that brought over $10,000(!!) including commission, obviously due to the color (all green).
@Coinscratch said:
Everything sells for inflated prices at great collections. That’s exactly what they advertise in their marketing page.
Clearly, it’s a place to sell not a place to purchase, duh 😆
That's not accurate. There are lots of factors. As an example:
10 days apart, identical coins/grades/provenance. The SB coin went for almost double the price.
The Stacks Bowers photo looks a lot better than the other coin that looks what’s the word I read it here recently, processed.
Even if you were correct, that still doesn't explain the $3,400 price difference between the two.
And while you're certainly entitled to think whatever you wish and I can't speak to the SB coin... the GC coin is mine and I can certainly tell you that you could not be more mistaken.
Well, then, that must be a terrible picture To sell by and you must’ve been upset with the result.
I was the purchaser and was delighted at the bargain that I got and the coin is fantastic and just about as original as they come.
I see. So then you can definitely verify the picture stinks Or do you like it too?
The in holder pic is not amazing but the GreatPhoto is pretty good. The Trueview is the most accurate.
@Coinscratch said:
Everything sells for inflated prices at great collections. That’s exactly what they advertise in their marketing page.
Clearly, it’s a place to sell not a place to purchase, duh 😆
That's not accurate. There are lots of factors. As an example:
10 days apart, identical coins/grades/provenance. The SB coin went for almost double the price.
The Stacks Bowers photo looks a lot better than the other coin that looks what’s the word I read it here recently, processed.
Even if you were correct, that still doesn't explain the $3,400 price difference between the two.
And while you're certainly entitled to think whatever you wish and I can't speak to the SB coin... the GC coin is mine and I can certainly tell you that you could not be more mistaken.
Well, then, that must be a terrible picture To sell by and you must’ve been upset with the result.
I was the purchaser and was delighted at the bargain that I got and the coin is fantastic and just about as original as they come.
I see. So then you can definitely verify the picture stinks Or do you like it too?
The in holder pic is not amazing but the GreatPhoto is pretty good. The Trueview is the most accurate.
Yes the true-view is a much better look. Allow me to add I don’t know much about the series or the auction house but congrats on the score.
@Coinscratch said:
Everything sells for inflated prices at great collections. That’s exactly what they advertise in their marketing page.
Clearly, it’s a place to sell not a place to purchase, duh 😆
Wow. GC is like any other auction house. There are occasional bargains and some coins sell for seemingly ridiculous prices but most coins sell pretty close to FMV.
I couldn’t have said it any better, myself. 👍
“I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~
@Cuprinkor said:
I just checked GC's auction archives. Back in October 2021 there was a PCGS MS64 CAC 1881-S $1 that brought over $10,000(!!) including commission, obviously due to the color (all green).
I like the toning and I think most of the toned Morgan specialists would consider that "Godzilla" or near-Godzilla mint bag toning, so not surprised it went for a hefty premium. But $7k does seem high - I could see that for a 66 or 67, but seems high for a 64.
My question is what does the coin look like in hand? Every time I have purchased a coin for the color when I get it in hand I was sorely disappointed with it. What looked like pretty blues and reds and purple in the photos turned out to be unimpressive shades of brown in hand. If I have to have a photo of the coin with the lighting just perfect to see those colors that coin is not for me.
A few thoughts on the coin in question while keeping in mind I have not seen it in-hand and am only going on the images provided-
1-In my opinion and experience the toning is absolutely natural.
2-In my opinion the coin would straight grade every time it might be submitted.
3-PCGS graders were indeed expert at detecting funky toning "back in the day"; but funky toning methods and results "back in the day" were often different than what we see today.
4-In my opinion we see far more AT coins in PCGS holders today than we did in the rattler and other OGH generations.
5-I noticed the fingerprints, or partial prints, immediately, but they did not bother me.
6-I think the coin is stunning.
7-The final sales price of +/-$7k is more than I would have paid.
@braddick said:
Bill Gates makes enough money that to him $50,000. is about equal to a quarter to you and me (give or take).
If you dropped a quarter you very well may not bend over and pick it up.
Same if Bill Gates were to drop $50,000.00
So, if 50K equals a quarter, $7K is chump change to some.
This.
I try to avoid questioning what someone is willing to pay for a coin. This may have been the perfect coin for someone that has been on the look out for this year, holder, toning and grade with enough money that the spread between $70, $700 and $7000 means nothing. I can make various arguments why I wouldn't pay $7000 for it (one being my wife would kill me when she found out) but apparently there were more than a few folks with the means and motivation to drive the price up on that coin.
The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
@Goldbully said:
Bought this 1881-S 65PL from Poorguy(Brandon) in 2008 for $400 and I thought I overpaid......wish I still owned her.
I’ve owned that one before!….it would have been probably 2000-2001. Great piece. What happened to Brandon anyways?…..I loved his coins/photos and I know he had an online site at one point…that he was gone and made a return but then ghosted again….life happens no doubt….hope all is well.
@Cuprinkor said:
I just checked GC's auction archives. Back in October 2021 there was a PCGS MS64 CAC 1881-S $1 that brought over $10,000(!!) including commission, obviously due to the color (all green).
@Cuprinkor said:
I just checked GC's auction archives. Back in October 2021 there was a PCGS MS64 CAC 1881-S $1 that brought over $10,000(!!) including commission, obviously due to the color (all green).
Yes, that’s this one:
I own it now.
Awesome!
Do you have a name for it? It reminds me of Hopi Jewel from the Battle Creek Collection. Just realized the cert number starts with 1865!
@Coinscratch said:
Well, that’s nice to know. My only experience there is the marketing page where they routinely advertise coins that sold at four and five times their market value. I still haven’t actually tried to buy anything yet lol.
By definition, the sale price IS the market value.
What keeps getting missed is that rare coins are not fungible. And there isn't a single market value.
There are 10s of intangible reasons why one coin differs from another, even seemingly the "same" coin (year, mintmark, grade, grading service).
If it isn't the same coin when it comes to market, the market price could easily differ.
-----Burton ANA 50 year/Life Member (now "Emeritus")
Awesome! @Zoins said
Do you have a name for it? It reminds me of Hopi Jewel from the Battle Creek Collection. Just realized the cert number starts with 1865!
This is probably the only coin I have that I refer to by name. It’s the Green Monster. I love the Hopi Jewel color. Too bad I didn’t have much to spend back in 2003!
@Coinscratch said:
Well, that’s nice to know. My only experience there is the marketing page where they routinely advertise coins that sold at four and five times their market value. I still haven’t actually tried to buy anything yet lol.
By definition, the sale price IS the market value.
What keeps getting missed is that rare coins are not fungible. And there isn't a single market value.
There are 10s of intangible reasons why one coin differs from another, even seemingly the "same" coin (year, mintmark, grade, grading service).
If it isn't the same coin when it comes to market, the market price could easily differ.
If it is the same coin and a different day, the market price could easily differ.
Rarity is one consideration, but demand is just as, if not far more important.
I have a Kitt and Nevis $100 gold proof with only 15 (that's FIFTEEN) ever minted. I can't easily get full melt value for it much less any numismatic premium.
Umm, the coin I listed would now likely go for significantly in excess of 20k USD and not the same sort of coin - again the antithesis of the OP coin.
Not only that got the looks. Series is on fire judging by most recent auction results.
Love that Milled British (1830-1960) Well, just Love coins, period.
See now THIS is what you don’t see a lot of these days — nice, detailed, honest and very good full slab shots. Clearly the photo has not been messed with when you compare the coin to the print on the label, sticker, reflections and background lighting.
@7Jaguars said:
Umm, the coin I listed would now likely go for significantly in excess of 20k USD and not the same sort of coin - again the antithesis of the OP coin.
Not only that got the looks. Series is on fire judging by most recent auction results.
I don’t know if you were replying to me or another poster. Regardless, in your earlier post you wrote
“Here is a toner that is by far the finest known and only graded at hosts for 1/3 the price”. That would equate to $2400 and change. Now you’re throwing out a figure of more than $20,000.
Whatever the coin and the price, the market is still about supply and demand.
I’m sure that each of us thinks others overpay for their coins, just as they think we overpay for ours. Maybe we’re all right, but even if so, that’s OK.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Rarity is one consideration, but demand is just as, if not far more important.
I have a Kitt and Nevis $100 gold proof with only 15 (that's FIFTEEN) ever minted. I can't easily get full melt value for it much less any numismatic premium.
@Goldbully said:
Buyer will have to hold on to his winning coin for a decade before he sees a ROI.
There’s absolutely no way to know that. The buyer might never see a profit. On the other hand, I’ve seen a lot of coins get flipped by winning bidders who were laughed at for the prices they paid.
@Cuprinkor said:
I just checked GC's auction archives. Back in October 2021 there was a PCGS MS64 CAC 1881-S $1 that brought over $10,000(!!) including commission, obviously due to the color (all green).
Yes, that’s this one:
I own it now.
Awesome!
Do you have a name for it? It reminds me of Hopi Jewel from the Battle Creek Collection. Just realized the cert number starts with 1865!
Coin looks Garish. Some collectors have taste in their feet. I know I will get push back but some of these toners selling for ridiculous prices are so overdone in color they are cartoonish, way too much color. Also the market is thin to support such high prices at large book multiples. Not a good investment but okay for the collector who will pay any price to own a coin, his free choice even if foolish
Comments
That was completely irrelevant to those who wanted it for its particular color and appearance.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
There’s absolutely no way to know that. The buyer might never see a profit. On the other hand, I’ve seen a lot of coins get flipped by winning bidders who were laughed at for the prices they paid.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Not necessarily.
I might have to take a look to see if it was silver...
Everything sells for inflated prices at great collections. That’s exactly what they advertise in their marketing page.
Clearly, it’s a place to sell not a place to purchase, duh 😆
That's not accurate. There are lots of factors. As an example:
https://www.greatcollections.com/Coin/1545090/1855-S-Liberty-Gold-Half-Eagle-PCGS-AU-53-CAC-Green-The-Fairmont-Collection
http://auctions.stacksbowers.com/lots/view/3-1809M9/1855-s-liberty-head-half-eagle-au-53-pcgs-cac
10 days apart, identical coins/grades/provenance. The SB coin went for almost double the price.
Chopmarked Trade Dollar Registry Set --- US Gold Showcase --- World Gold Showcase --- World Chopmark Showcase
The Stacks Bowers photo looks a lot better than the other coin that looks what’s the word I read it here recently, processed.
I’m sure there are some deals to be had there. I’m just playing around as I’m not even in the retail buyers market. but I’ll certainly be looking to list some there at some point.
Even if you were correct, that still doesn't explain the $3,400 price difference between the two.
And while you're certainly entitled to think whatever you wish and I can't speak to the SB coin... the GC coin is mine and I can certainly tell you that you could not be more mistaken.
Chopmarked Trade Dollar Registry Set --- US Gold Showcase --- World Gold Showcase --- World Chopmark Showcase
Well, then, that must be a terrible picture To sell by and you must’ve been upset with the result.
IMO, the color is amazing. Someone with a lot of money apparently loves the coin.
Hard to cubby hole this particular example in a regular price guide.
The price realized is amazing as well.
Sort reminds me of the 1938-S PCGS MS68+ FB Mercury Dime that brought well into six figures in a Legends Auction back in 2019(?). Talk about phenomenal color!
May I predict that the consignor spent $250 for it
I was the purchaser and was delighted at the bargain that I got and the coin is fantastic and just about as original as they come.
Chopmarked Trade Dollar Registry Set --- US Gold Showcase --- World Gold Showcase --- World Chopmark Showcase
I see. So then you can definitely verify the picture stinks Or do you like it too?
Wow. GC is like any other auction house. There are occasional bargains and some coins sell for seemingly ridiculous prices but most coins sell pretty close to FMV.
Well, that’s nice to know. My only experience there is the marketing page where they routinely advertise coins that sold at four and five times their market value. I still haven’t actually tried to buy anything yet lol.
I just checked GC's auction archives. Back in October 2021 there was a PCGS MS64 CAC 1881-S $1 that brought over $10,000(!!) including commission, obviously due to the color (all green).
The in holder pic is not amazing but the GreatPhoto is pretty good. The Trueview is the most accurate.
Chopmarked Trade Dollar Registry Set --- US Gold Showcase --- World Gold Showcase --- World Chopmark Showcase
Yes the true-view is a much better look. Allow me to add I don’t know much about the series or the auction house but congrats on the score.
I couldn’t have said it any better, myself. 👍
“I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~
My Full Walker Registry Set (1916-1947)
https://www.ngccoin.com/registry/competitive-sets/16292/
Please PM me the next time you see a good deal.
I have to say that is a GreatPhoto @PhilArnold and @ianrussell !!!
I want to think the underbidder is happier than the winner.
Yes, that’s this one:
I own it now.
I like the toning and I think most of the toned Morgan specialists would consider that "Godzilla" or near-Godzilla mint bag toning, so not surprised it went for a hefty premium. But $7k does seem high - I could see that for a 66 or 67, but seems high for a 64.
My question is what does the coin look like in hand? Every time I have purchased a coin for the color when I get it in hand I was sorely disappointed with it. What looked like pretty blues and reds and purple in the photos turned out to be unimpressive shades of brown in hand. If I have to have a photo of the coin with the lighting just perfect to see those colors that coin is not for me.
JMHO,
A few thoughts on the coin in question while keeping in mind I have not seen it in-hand and am only going on the images provided-
1-In my opinion and experience the toning is absolutely natural.
2-In my opinion the coin would straight grade every time it might be submitted.
3-PCGS graders were indeed expert at detecting funky toning "back in the day"; but funky toning methods and results "back in the day" were often different than what we see today.
4-In my opinion we see far more AT coins in PCGS holders today than we did in the rattler and other OGH generations.
5-I noticed the fingerprints, or partial prints, immediately, but they did not bother me.
6-I think the coin is stunning.
7-The final sales price of +/-$7k is more than I would have paid.
In honor of the memory of Cpl. Michael E. Thompson
This.
I try to avoid questioning what someone is willing to pay for a coin. This may have been the perfect coin for someone that has been on the look out for this year, holder, toning and grade with enough money that the spread between $70, $700 and $7000 means nothing. I can make various arguments why I wouldn't pay $7000 for it (one being my wife would kill me when she found out) but apparently there were more than a few folks with the means and motivation to drive the price up on that coin.
Excellent grab for that money!
The GC coin in question, not so much.
I’ve owned that one before!….it would have been probably 2000-2001. Great piece. What happened to Brandon anyways?…..I loved his coins/photos and I know he had an online site at one point…that he was gone and made a return but then ghosted again….life happens no doubt….hope all is well.
More like nuclear turquoise.
Coingrats!!
Love the old school TrueView!
Hope Brandon @poorguy finds his way back to the forums!
Awesome!
Do you have a name for it? It reminds me of Hopi Jewel from the Battle Creek Collection. Just realized the cert number starts with 1865!
Photos from Brandon @poorguy:
By definition, the sale price IS the market value.
What keeps getting missed is that rare coins are not fungible. And there isn't a single market value.
There are 10s of intangible reasons why one coin differs from another, even seemingly the "same" coin (year, mintmark, grade, grading service).
If it isn't the same coin when it comes to market, the market price could easily differ.
ANA 50 year/Life Member (now "Emeritus")
Well, is the market value in SOME venues - and you will have to look for it. To each their own, most certainly. Here is a toner that is by far the finest known and only graded at hosts for 1/3 the price. Coins like this IMHO crush the OP coin:
https://images.pcgs.com/CoinFacts/18522635_147752999_max.jpg?_gl=1*1kvs7gm*_ga*MTEyMzgwNDM0Mi4xNjYyMzEyOTA1*_ga_J41JKCY50Z*MTcxMzM1NzE2OC44MTguMS4xNzEzMzU3MjAyLjI2LjAuMA..
Uggh, can someone post this?
Well, just Love coins, period.
Rarity is one consideration, but demand is just as, if not far more important.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
This is probably the only coin I have that I refer to by name. It’s the Green Monster. I love the Hopi Jewel color. Too bad I didn’t have much to spend back in 2003!
If it is the same coin and a different day, the market price could easily differ.
I have a Kitt and Nevis $100 gold proof with only 15 (that's FIFTEEN) ever minted. I can't easily get full melt value for it much less any numismatic premium.
Umm, the coin I listed would now likely go for significantly in excess of 20k USD and not the same sort of coin - again the antithesis of the OP coin.
Not only that got the looks. Series is on fire judging by most recent auction results.
Well, just Love coins, period.
See now THIS is what you don’t see a lot of these days — nice, detailed, honest and very good full slab shots. Clearly the photo has not been messed with when you compare the coin to the print on the label, sticker, reflections and background lighting.
True monster!! No doubt a 10k+ type color coin….
I don’t know if you were replying to me or another poster. Regardless, in your earlier post you wrote
“Here is a toner that is by far the finest known and only graded at hosts for 1/3 the price”. That would equate to $2400 and change. Now you’re throwing out a figure of more than $20,000.
Whatever the coin and the price, the market is still about supply and demand.
I’m sure that each of us thinks others overpay for their coins, just as they think we overpay for ours. Maybe we’re all right, but even if so, that’s OK.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I'd like to send the buyer a $5.99 bottle of The Weimans. Dip off the nasty and make her right again. RGDS!
The whole worlds off its rocker, buy Gold™.
Great idea (sarcasm)...then you'd lose the vintage slab and green bean, too.
“I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~
My Full Walker Registry Set (1916-1947)
https://www.ngccoin.com/registry/competitive-sets/16292/
Coin looks Garish. Some collectors have taste in their feet. I know I will get push back but some of these toners selling for ridiculous prices are so overdone in color they are cartoonish, way too much color. Also the market is thin to support such high prices at large book multiples. Not a good investment but okay for the collector who will pay any price to own a coin, his free choice even if foolish
Much nicer than the overblown OP coin in my opinion
A fool and his money are soon parted.
I already got you covered. 😁