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What am I missing here? Very high auction winning bid on 1909-S VDB
MJPHELAN
Posts: 819 ✭✭✭
This 1909-S VDB MS-65 RED Green CAC sold for $15,187.50 (with fees) last night on GC.
Looks nice for the grade, but not for 66 money.
Mark
5
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In answer to your question, you’re missing a thread title that lets members know the subject of what you’ might be missing.
Regardless of how the coin looks in the pictures, someone thought it was undergraded.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I think the 09-S VDB is overrated in the first place.
Yes, agreed. I wonder if it will enjoy the same demand in a couple more generations. Lots of us geezers still around that looked for one in change. The Holy Grail for us.
Not to be a pest, it would take (at least) two bidders to believe it was under-graded.
The value of this hobby is the hobby, not the value.
That’s not being a pest - it’s being informative.
I almost wrote “at least two bidders” but considered the remote possibility that there was a high reserve which was met by a single bidder.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Excellent point.
I wasn't aware GC allowed owners/submitters to set a reserve. I know some coins start out somewhat high- at the request of the submitter, I just didn't know they could start low and set a reserve that is higher than the starting bid.
The value of this hobby is the hobby, not the value.
Ill go with who wanted it more
I don’t know their policy on reserves or if there was a high opening bid.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I don't think there was a reserve on this coin. I had it on my watchlist and noticed that the bid kept steadily increasing throughout the week. I took it off my watch list when it went over $11k.
It is my observation that, on Greysheet retail price guide, it is quite common for a coin of grade X, with a green CAC sticker, to have a higher value than the same issue of grade X+1. This is especially true of expensive coin sat high grades.
So I'm not the least bit surprised it went for MS66 price. Whatever anybody thinks of the CAC stickers, the market values them extremely highly. And that is a beautiful, iconic coin.
For the record, GC posts all bids on their website. It's always fun to see the record of bids.
In this case, the opening bid was $1 by bidder #1 who topped out at $500. Bidder 12's opening bid was $8,750 and was finally topped out at $13,000 by Bidder 13's $13,500 last seven second "Hail Mary" bid.
Sometimes two collectors just need to own a coin in spite of a price guide. Irrational exuberance!
My guess is: it'll get returned and reappear in a future GC sale.
Official PCGS account of:
www.TallahasseeCoinClub.com
The spotting kills it for me.
Truth^. If I had $16,000$15,000 to spend on a Lincoln penny that penny would be a 1914-D.
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward
This quote reminds us that change is inevitable, often necessary, and can be a catalyst for growth. Adapt. Self-reflect. Be proactive.
Why chase a lightly spotted, pop. 1035/1300+ coin?
30+ years coin shop experience (ret.) Coins, bullion, currency, scrap & interesting folks. Loved every minute!
Consider it will be vaporized when the sun goes Nova….why collect coins at all ? ( a play on a line from Annie Hall ). 😁
Maybe it got the CAC before the spots showed up. The marks between the 'E' and the 'N' kind of bother me.
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward
This quote reminds us that change is inevitable, often necessary, and can be a catalyst for growth. Adapt. Self-reflect. Be proactive.
For some inexplicable reason, RED early cents with that rose glow (on the portrait) tone seem to go for hefty prices.
The value of this hobby is the hobby, not the value.
The V.D.B. looks flat, complete but flat. I like them full struck like 3D
Not for me. Strike Junkie. Spot Nazi.
Wish I could find those buyers
Empty Nest Collection
Or concert tickets
All comments reflect the opinion of the author, even when irrefutably accurate.
Collectors have been making this claim since 1909 and yet the 09-S VDB remains and always has been in the top five most popular and collected coins.
The value of this hobby is the hobby, not the value.
When mr1931s speaks people like you and your buddy RedRocket need to listen. 1914-D in true MS66 RD is about a $15K, maybe a few thou more coin if the right buyer happens on it and thinks it's exceptional. The OP SVDB is at most a $10K coin as it stands and it's a real crapshoot taking one's chance for 66 designation, CAC sticker notwithstanding.
I've got an NGC MS 64 Barber nickel (no spots) that I purchased recently that has a tiny but noticeable contact mark on it's obverse. Not on LIBERTY mind you, on the perimeter of the piece at about 10:00. That's why it's only 64 and not 65. The OP SVDB has tiny marks on it's reverse that are noticeable. It's lucky to be a 65, even luckier to have a green CAC sticker. Just ask yourself this question when looking at a coin that has been graded MS-65, "Am I looking at a GEM piece?"
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward
This quote reminds us that change is inevitable, often necessary, and can be a catalyst for growth. Adapt. Self-reflect. Be proactive.
It’s possible. Regardless, yuck at 65 RD money much less the hammer.
If you’re going to preach to people that they need to listen (to you) you should get your numbers straight.
An MS66 RD 1914-D cent is worth in excess of $30,000, not “about a $15K, maybe a few thou more…”
And in these parts, there aren’t any “Barber” nickels.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Yeah, one of life's imponderables is the way some people feel that, just because they don't see the charm in something, that everyone else is wrong. Go figure.
I should have said "at the least ($15K)". $15K is a lot of money for any Lincoln cent in my parts. What "parts" is Mr. Feld referring to? I suppose you are saying not a Barber nickel because Barber's initials as designer do not appear on Liberty Head nickels,1883-1912. Are Barber's initials on the 5 known 1913 Liberty Head nickels? Has anyone looked?
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward
This quote reminds us that change is inevitable, often necessary, and can be a catalyst for growth. Adapt. Self-reflect. Be proactive.
Well then he should definitely buy one at $15k.
Of course, if he had $15k to throw around, he wouldn't need to sell his SVDB to buy concert tickets. So... the price is effectively infinity
All comments reflect the opinion of the author, even when irrefutably accurate.
Penny Lady has a lovely '14-D in her personal collection. I should have grabbed some pics of it when she posted a pic of her '14-D here awhile back.
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward
This quote reminds us that change is inevitable, often necessary, and can be a catalyst for growth. Adapt. Self-reflect. Be proactive.
Yes. They looked. Closely.
All comments reflect the opinion of the author, even when irrefutably accurate.
You misspelled "irrelevant".
Just sayin'.
What could be more irrelevant than infinity?
All comments reflect the opinion of the author, even when irrefutably accurate.
The above display of childish behavior on @mr1931S part is what happens when you give him an audience.
The value of this hobby is the hobby, not the value.
He has such little joy in his life. It's the least we can do.
All comments reflect the opinion of the author, even when irrefutably accurate.
I couldn't resist taking the money regardless of what I used it for. $1K is a chunk of change for a coin in my parts. Price is effectively infinity? Lame. You can do better than posting effectively...nonsense.
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward
This quote reminds us that change is inevitable, often necessary, and can be a catalyst for growth. Adapt. Self-reflect. Be proactive.
. . ! ?
All comments reflect the opinion of the author, even when irrefutably accurate.
All comments reflect the opinion of the author, even when irrelevant?
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward
This quote reminds us that change is inevitable, often necessary, and can be a catalyst for growth. Adapt. Self-reflect. Be proactive.
Is the dynamic duo a brother-brother team? I'm beginning to think so.
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward
This quote reminds us that change is inevitable, often necessary, and can be a catalyst for growth. Adapt. Self-reflect. Be proactive.
Have you set boundaries between you and common sense? I'm beginning to think so.
The value of this hobby is the hobby, not the value.
Rather than nitpicking every little nick and spot, you should stand back and look at the strike and luster it possesses.
Judging by the shadow around the date alone it’s easy to see that it has a liquid like luster with natural color.
It is a beautiful example and the price does not surprise me in the least.
He just likes to troll his own posts. @IkesT nailed it years ago: he will take any attention, even negative attention. I consider it a mitzvah to respond to his posts.
All comments reflect the opinion of the author, even when irrefutably accurate.
It is a 66RD that is why.
Hey, that $1,000 he spent on Captain & Tennille Tribute Band tickets was money well spent!
Poor Toni Tennile. She deserved better. What a tragedy that was.
All comments reflect the opinion of the author, even when irrefutably accurate.
Are you thinking of Karen Carpenter, or did Toni Tennile also have a tragedy?
Oh, you're right. It was Karen Carpenter that I was thinking of. Toni Tennille is still alive - tragically.
Wow! She's 86. Makes me feel old.
All comments reflect the opinion of the author, even when irrefutably accurate.
Did Karen Carpenter choke on a ham sandwitch?
The value of this hobby is the hobby, not the value.
I looked Toni Tennile up on wikipedia but didn't see anything particularly tragic. Karen Carpenter is another story entirely, and "tragedy" is certainly appropriate.
No, actually nobody in that cohort choked on a ham sandwich. There was a widespread rumor that Cass Elliot had choked on ham sandwich, but she actually died of a heart attack.
Poor Mama Cass. Her daughter got mad and debunked that story.
Someone I went to school with actually lost his mother to a sandwich. So, it does happen.
Karen Carpenter died of heart failure after recovering from anorexia, IIRC.
All comments reflect the opinion of the author, even when irrefutably accurate.