Blay 1919 MS69 Sold for $265k + Buyers

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While I'm neither of the folks that @oreville wants to hear from I will still give an opinion.

I'd guess the fact that the 1919 was a part of Stuart's massive high end collection really drove participation and a willingness to spend big to obtain the best pieces or those pieces that were squirreled away for many years. This coin lost both of those potential buzz enhancers in that it was not sold alongside those other monsters and it had just appeared on its own very recently.

@TomB said:
While I'm neither of the folks that @oreville wants to hear from I will still give an opinion.

I'd guess the fact that the 1919 was a part of Stuart's massive high end collection really drove participation and a willingness to spend big to obtain the best pieces or those pieces that were squirreled away for many years. This coin lost both of those potential buzz enhancers in that it was not sold alongside those other monsters and it had just appeared on its own very recently.

@TomB said:
While I'm neither of the folks that @oreville wants to hear from I will still give an opinion.

I'd guess the fact that the 1919 was a part of Stuart's massive high end collection really drove participation and a willingness to spend big to obtain the best pieces or those pieces that were squirreled away for many years. This coin lost both of those potential buzz enhancers in that it was not sold alongside those other monsters and it had just appeared on its own very recently.

A good start. I realize that these are just opinions.

@Walkerlover said:

@oreville said:
Only asking for opinions of others as well.

Perhaps the coin was burned as people saw that it didn’t make the reserve at $275,000 I believe when it was offered approximately 6-8 weeks earlier. Perhaps a big mistake to offer it with a reserve

Well, since it sold for 265,000 I'm not sure the 275,000 reserve kept it from getting to 400,000

@Walkerlover said:
Perhaps the coin was burned as people saw that it didn’t make the reserve at $275,000 I believe when it was offered approximately 6-8 weeks earlier. Perhaps a big mistake to offer it with a reserve

No disrespect to GC, who did a great job selling the original collection, but I agree with @jmlanzaf that another venue may have been a better choice. The coin would have been better marketed and publicized, plus I imagine the fees could have been negotiated as any auction house would love to say they sold the highest graded wheat cent.

This coin is no different than any other top pop coin. There is a limited pool of buyers looking for the very best coins. Sometimes bidders get too exuberant and end up in a bidding war. All it takes is one underbidder to lose interest by settling for another coin (even a lowly 68 or dare I say 67+ RD), to give up collecting, die, etc., and the entire liquidity of the piece can fall markedly. The Registry set market for top pop otherwise widget coins is thinly capitalized.

Great coin, still sold for a mind-boggling sum: https://www.greatcollections.com/Coin/1745189/1919-Lincoln-Cent-PCGS-MS-69-RD-CAC-Green-OGH-Ex-Stewart-Blay-Red-Copper

@cameonut2011 said:

@oreville said:
I am only curious as to @tradedollarnut’s and @markfeld’s opinion as to why the Blay 1919 cent in MS-69 sold for much less in the second round than the first round!

Was it:

1) realization that the cent was not CAC stickered?
2) excitement died down in the second round?
3) venue?
4) too quick a re-sale meaning no longer “fresh? “
5) other reasons?

Wow. Thanks for making the rest of us feel included.

I was not trying to pick on Feld or Morelin or anyone else but at near midnight it was not easy to remember everyone else names.

@tradedollarnut said:
This hand wringing over minute semantics is just stupid. Nattering nabobs of negativity. Sheesh

Glad to see a Spiro Agnew quote take the edge off the petty childishness at play in this coin thread.
Thanks

It was, of course, CAC stickered. I read Oreville’s comment earlier (in error).

Wondercoin.

@oreville said:
I am only curious as to @tradedollarnut’s and @markfeld’s opinion as to why the Blay 1919 cent in MS-69 sold for much less in the second round than the first round!

Was it:

1) realization that the cent was not CAC stickered?
2) excitement died down in the second round?
3) venue?
4) too quick a re-sale meaning no longer “fresh? “
5) other reasons?

Doesn't surprise me in the least with the price of groceries and gas being so high these days.

$265K is a lot of concert money...for sure.

Anyone have an opinion on the long term outlook for the spot on the “D” of “GOD” - is this likely to be stable as-is, or progress to something worse?

So- you're confused or annoyed by my joke. Got it!

I didn't think TDN was old enough to remember Agnew!

I looked at the coin closely in Pittsburgh - the best part was the OGH.

@oldabeintx said:

@Walkerlover said:
If this coin was submitted to PCGS today raw would it grade MS 69? And conversely if it grade 68 or 68+ would it earn a gold sticker at CAC?

Buy it next time it comes around. Crack it out as an experiment, albeit an expensive one.

@oldabeintx said:

@Walkerlover said:
If this coin was submitted to PCGS today raw would it grade MS 69? And conversely if it grade 68 or 68+ would it earn a gold sticker at CAC?

Buy it next time it comes around. Crack it out as an experiment, albeit an expensive one.

Can you please finance it for me. Thanks

@cameonut2011 said:
Was the cancer spot on the "D" in "GOD" there when Blay/Blay Estate sold it?

Edited to Add:

There is also some minor spotting behind the head. Of course you can find imperfections on any coin blown up to extreme magnification, and I realize that it is copper and now more than 100 years old. I would, however, be very nervous about owning the coin with the spots. I sure hope it is stable when the next next grade down (68+) has a guide value of $30,000 and MS68 guide value is $18,500.