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$49k Hammer for a 1955 cent! Another incredible auction result for an extremely common coin, no CAC

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  • 7Jaguars7Jaguars Posts: 7,598 ✭✭✭✭✭

    @GoldFinger1969 said:

    @BillJones said:
    Even though it might have been good for 20+ years in the holder, improper storage can change that very quickly. >NGC has now refused to guarantee copper coins in their holders after 10 years. I don’t like that, but it does show >that storage conditions are a concern.

    I mean, unless you have your coins next to an open window and you reside near a toxic waste dump or an exotic restaurant :D ....what can possibly cause coins to change via atmospherics ?

    I don't know anybody who stores their coins in a very cold or warm place....in direct sunlight...or anywhere near where anything other than breathable Oxygen/Nitrogen is common. :)

    This almost seems random. I had a beautiful MSD PL coin turn and develop an ugly black smudge -- same storage container has dozens of other silver coins, and NONE of them (MSDs, Peace, Moderns) have done anything appearance-wise.

    You would think that if a coin hasn't turned after 10 or 20 or 30 or 125 years....it should be safe, esp. now that it's in a holder the last 35 years or so.

    Evidently, not so. :'(

    Umm, these holders (ie PCGS and NGC) have been shown to NOT be impervious to gaseous, incl MANY oxidants. Coins untoned for that long, and longer, have turned in holder. Sadly I have a very rare GB penny that went from Red to Red Brown and much less attractive after greater than 95 years and 20+ in host's holder despite careful storage. Well, I live on the infernal East Coast!

    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • WalkerfanWalkerfan Posts: 9,551 ✭✭✭✭✭

    @4Redisin said:

    @braddick said:

    @ambro51 said:
    I guarantee the buyer is not married

    I strongly disagree.
    The strength and love of a spouse is a strong motivator for achievment and success.
    What I would believe is the buyer is probably not divorced.

    He will be and she will get the Registry Set.

    IIRC Wasn’t there a member on here whose wife divorced him and took his coins just to be vindictive? The court said she had the right, even though she had no interest in them. Just did it to hurt him. Very sad. 😔

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

    My Full Walker Registry Set (1916-1947):

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

  • bronco2078bronco2078 Posts: 10,379 ✭✭✭✭✭

    @Walkerfan said:

    @4Redisin said:

    @braddick said:

    @ambro51 said:
    I guarantee the buyer is not married

    I strongly disagree.
    The strength and love of a spouse is a strong motivator for achievment and success.
    What I would believe is the buyer is probably not divorced.

    He will be and she will get the Registry Set.

    IIRC Wasn’t there a member on here whose wife divorced him and took his coins just to be vindictive? The court said she had the right, even though she had no interest in them. Just did it to hurt him. Very sad. 😔

    bet she learned a valuable lesson when she went to cash in :D

  • NapNap Posts: 1,738 ✭✭✭✭✭
    edited March 26, 2025 7:10AM

    My wife has informed me that if I ever do anything stupid to wreck our marriage, she will immediately take my coins to a cash-4-gold place and dump them for pennies out of spite :)
    I have much incentive to be a good husband :)

    With regards to the coin, it’s quite a premium over slightly lesser grades. I don’t believe I am skilled enough to distinguish a 69 from a 67 or 68, so I would not buy it. I also presume there are some people that are that skilled at grading and would appreciate the difference. Even without a sticker, if the coin is the finest known, as in known by people who know these things, and not just a reported population, then maybe it’s worth the big price.

  • oldabeintxoldabeintx Posts: 2,236 ✭✭✭✭✭

    Back to topic A, I think it’s worthy of note and perhaps discussion that the coin didn’t sticker. At that lofty level, very much caveat emptor.

  • GoldFinger1969GoldFinger1969 Posts: 2,259 ✭✭✭✭✭

    @7Jaguars said:
    Umm, these holders (ie PCGS and NGC) have been shown to NOT be impervious to gaseous, incl MANY oxidants. >Coins untoned for that long, and longer, have turned in holder. Sadly I have a very rare GB penny that went from >Red to Red Brown and much less attractive after greater than 95 years and 20+ in host's holder despite careful >storage. Well, I live on the infernal East Coast!

    Is it possible microscopic materials were on/in the coin for years or decades and just take a long time to show visible damage ?

  • calgolddivercalgolddiver Posts: 1,518 ✭✭✭✭✭

    @SanctionII said:
    In my reply of yesterday afternoon I asked:

    Does anyone think that the difference in quality, appearance and eye appeal between the 1955 PF69RDDCAM cent sold by Great Collections and the five 1955 proof cents I submitted supports the almost $49K hammer price of the 69DCAM over the
    market values my cents?

    No one has yet answered this question.

    Does anyone care to do so and start what may be an interesting discussion (about a coin's value in the market place)?

    For me, I have mid 20th century proof Registry Sets that mostly consist of coins I have submitted raw for grading. Upgrading my sets at this point in time mostly requires that I purchase slabbed coins that have already been graded. These upgrade coins are more expensive (than the cost of raw coins that are graded, receiving top pop grades); and they are easier to find and acquire than making them yourself. I have paid up for some slabbed coins to upgrade my Registry Sets and I can envision myself paying,.............. even more up ............... in the future (there is a desire in me to climb higher on the set rankings ladder :) ).

    I am interested in reading what other forum members have to say, ...................... so have a go at it B)

    I find your examples extremely attractive (especially the 55 PCGS67) and do not see the visual value difference between your example and the 69 (sure it's a pop 1 zero). I would probably need a microscope to spot the differences. No matter, it's not worth the price difference to me while chasing upgrades for the registry games (yes I do play that game as well).

    Your eye for raw certifications is exemplary and I can only imagine how many raw coins you have had in hand to find the self made examples you provide (well done). Chasing expensive upgrades makes sense to some ... to each their own.

    Top 20 Type Set 1792 to present

    Top 10 Cal Fractional Type Set

    successful BST with Ankurj, BigAl, Bullsitter, CommemKing, DCW(7), Downtown1974, Elmerfusterpuck, Joelewis, Mach1ne, Minuteman810430, Modcrewman, Nankraut, Nederveit2, Philographer(5), Realgator, Silverpop, SurfinxHI, TomB and Yorkshireman(3)

  • MFeldMFeld Posts: 14,110 ✭✭✭✭✭

    @oldabeintx said:
    Back to topic A, I think it’s worthy of note and perhaps discussion that the coin didn’t sticker. At that lofty level, very much caveat emptor.

    Unless there’s been a policy change, CAC doesn't accept post-1942 Proof cent submissions.

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

  • oldabeintxoldabeintx Posts: 2,236 ✭✭✭✭✭

    @MFeld said:

    @oldabeintx said:
    Back to topic A, I think it’s worthy of note and perhaps discussion that the coin didn’t sticker. At that lofty level, very much caveat emptor.

    Unless there’s been a policy change, CAC doesn't accept post-1942 Proof cent submissions.

    Aha. Thanks. The CACG policy threw me.

  • 7Jaguars7Jaguars Posts: 7,598 ✭✭✭✭✭

    @GoldFinger1969 said:

    @7Jaguars said:
    Umm, these holders (ie PCGS and NGC) have been shown to NOT be impervious to gaseous, incl MANY oxidants. >Coins untoned for that long, and longer, have turned in holder. Sadly I have a very rare GB penny that went from >Red to Red Brown and much less attractive after greater than 95 years and 20+ in host's holder despite careful >storage. Well, I live on the infernal East Coast!

    Is it possible microscopic materials were on/in the coin for years or decades and just take a long time to show visible damage ?

    Many chemical oxidants are in anhydrous form as an example so that if there is even gaseous H20 added will initiate or accelerate oxidation. Although certainly there would be trace elements and molecules on coin surfaces, most oxidants including chlorides and sulfides (or chemical derivatives of either) can make their way through barriers such as the slabs have to directly oxidize the coin surfaces....

    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • oih82w8oih82w8 Posts: 12,426 ✭✭✭✭✭

    @Walkerfan said:
    Someone with very deep pockets is having fun.

    Hard pass for me.

    I have a pair of golf pants...they have a hole in one. :s

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...

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