Crazy price for a sad coin

Merc · February 2, 2003 12:18PM

I had to watch this one to see how high it would go. I like the Standing Liberty quarters and saw this rare date in MS65 FH. The trouble is, it is not a full head. I'm not sure what the grade is by this picture.

1919-D FH MS65??

Can you believe the bid went over $4,000? Trends has it at $24,000 but that is for a real one. Hmm, why would someone like centless sell a 24,000 dollar coin for just 4 grand? This seller is making out big. I am disgusted that bidders are willing to pay this amount too. Do they collect in a vacuum? There is so much info on good and bad certification companies. All they have to do is show the coin to 1 knowledgeable collector and they would know the truth.

braddick · February 2, 2003 12:27PM

Greed is a huge motivator when it comes to buying these coins.

I guess, that also plays a heavy roll with the Seller too.

MacCoin · February 2, 2003 12:37PM

I don't have a gray sheet price. I don't think thats to bad of price on a 19D SLQ 65fh

Russ · February 2, 2003 12:41PM

<< <i>I don't think thats to bad of price on a 19D SLQ 65fh >>

MacCoin,

The problem is that it's graded by NTC, which means it's either harshly cleaned, hairlined, not full head or overgraded by 3 to 5 points - or a combination of all of that.

Russ, NCNE

Merc · February 2, 2003 12:44PM

I hope you are joking with me MacCoin. That thing was graded by NTC. The head is not full and something looks all wrong with the luster. It is not ms65 and not a full head.

braddick · February 2, 2003 12:50PM

The real harm with the likes of NTC isn't so much selling XF40 coins, cleaned and buffed to appear SM65- but instead, and even more hideous, is selling coins, like that 19-S quarter in a 65 holder when it's maybe an MS63 and certainly NOT a $4,000.00 coin.

I've purchased NTC's and the glaring truth is they are two or three points (and, on a good day, only one point) overgraded. The coin is what it is, not an unattractive, but certainly not the grade purported on the insert.

Case in point: MS66 clad Ikes. Not too shabby, but generally MS64's. The MS66 might be a $140.00 coin and a true MS64 a $20.00 coin. The NTC will sell for $40.00 causing the new buyer to believe he ripped the coin at a bargain price when in reality he paid twice its worth.

FC57Coins · February 2, 2003 12:51PM

I tried to enlarge the picture as much as possible without losing all the detail, but even in this shot, you can see that the coin has an obvious flat head, which would knock it out of FH contention. A costly mistake for whomever bought this thing!

Frank

roadrunner · February 2, 2003 1:03PM

Yes, and a real 65 non-full head coin sheets under $2,000. Miss Liberty's leg appears to be on the flat side too. Oops.

roadrunner

Bikingnut · February 2, 2003 1:55PM

Well,

If the buyer holds onto it for a few decades......

Crazy price for a sad coin

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