Is the 109 rattler becoming the next hot item?
U1chicago
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First it was the white label rattlers, then all 108s started going for premiums. Now it appears that the 109s are joining the party. I don’t this Franklin had anything else special about it besides the 109 cert unless I’m missing something?
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Comments
Difficult to know what the thinking is here. Maybe a bidder or two thinks it could cam, or the seller shilled it up. Could be someone wanting to put together a frankie set in rattlers and perhaps this is a tough date in a rattler. Not out of the question that a few folks are trying to put a promotion out there for the 109's in hopes of capitalizing. Only the buyer knows why they were willing to pay that.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I assume there's going to be some sort of attempt at making 109xxxx slabs valuable. The coin sure doesn't look special. Big spot by the date has been festering for close to 40 years, far longer than the coin spent out of that slab.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Hallenbeck has a ton of integrity... I wouldn't consider shilling at all likely. Besides, for a shill to work, you still need one real bidder to bid alongside the shill. Shilling might be a way to keep a coin from selling well under value or at a modest premium, but I can't see it being used to get a coin to sell for a ridiculous premium.
Post 108**** the serials were random. The 109 may be promoted, but it is without the 'reason' of early-PCGS-issue. It could have occurred anytime in the 1986-89 timeframe.
Drunner
I'm making no accusations, simply thinking of possible reasons for the outcome. And no you don't need a real bidder, if the seller wants to they could just use multiple shills. Reasons for doing that have been discussed here before such as drawing attention to the seller.
I suspect the reason is that the buyer is trying to put together a rattler set and was willing to go that high because it has been a difficult date to find in a rattler. But that is just a guess since I don't collect frankies and don't know if any date from that series is scarce in a rattler.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I was going to say that as well. I’ve bought from the seller as well and know they are trustworthy.
Also, this isn’t a hard to find coin in a rattler nor does it matter if it can cameo as that would still be a coin worth under $100.
It’s not a hard date to find in a rattler as plenty are available right now for much less. There aren’t any 67s so maybe there is a chance someone needed the specific date and grade combo.