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Bust Half- Which slab is worth more for the same coin?
jamesfsm
Posts: 652 ✭✭
I have a very nice Bust Half that has had four homes:
Bought as ACG MS61 (for low AU money)
Sent to ANACS for crossover- ANACS UNC Details, Net AU55- scratched (never did find the scratch)
Cracked and sent to NGC- NGC AU58
Cracked and sent to PCGS- PCGS AU55
Which slab has the highest resale value???
Bought as ACG MS61 (for low AU money)
Sent to ANACS for crossover- ANACS UNC Details, Net AU55- scratched (never did find the scratch)
Cracked and sent to NGC- NGC AU58
Cracked and sent to PCGS- PCGS AU55
Which slab has the highest resale value???
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LSCC#1864
Ebay Stuff
al h.
K S
If it's a 1824 r1 then a tie with pcgs/ngc.
Perhaps in what holder would the coin bring the highest price in a eBay auction would be a better way of putting it if I understand your question correct.
<< <i>I was asking Elwood's question. My guess is that the marketplace will assume a PCGS AU55 is similar to an NGC AU58-60. >>
Or the coin will find its own price level based solely on its appearance.
Perish the thought!
No. Keets is 91% correct. NGC will also attribute Bust halves.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
In short, to the BHNC membership, if the coin has the luster and eye appeal of a AU63 coin, then that is what they will pay gladly pay MS62 money.
EVP
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
<< <i>What do you all mean about ANACS attribute and NGC does too? From context I'd guess indicate other grades from other 3rd party indicated on their insert...no way...something else? >>
Its the variety of the coin usually overton for bust halfs.
The differences in the dies and die combinations make different varietys.
<< <i>Where do some of you guys come up with your advice >>
IrishMike,
For one thing prices realized is OK in general to use, but you can't use the prices shown without figuring other factors. Example an NGC-61 sells or $1,322.50 but an NGC-62 sells for $650.90 What's the difference, one's an R-4 with upgrade potential or just a tough variety in high grade? The other is an R-2 graded accurately or overgraded? There's no way to use a numerical difference of 1 to justify these price differences. Did you notice all the Bust Halves in ANACS & NGC holders believe me this is not do to the fact that they make attributions (maybe partially). I believe it's called overgrading. Or you may have 2 bidders who want the same coin and they get carried away. You could also have a same date Bust half in PC-65 sell for $3,000.00 and an NGC-40 sell for $20,000.00. This is not do to the fact that NGC has dramatically undergraded this coin. It has to do with the NGC-40 being the finest known of a rare variety. So prices realized is not the best comparison to use unless you are comparing apples with apples.
NGC-58 $448.50 9/02, NGC-50 $172.50 06/03
NGC-58 $402.50 5/03, PC-50 $316.25 03/03
PC-58 $414.00 09/02,
PC-58 $437.00 08/00
Just a few examples, there is no way these numbers can be used unless you have looked at the coins in person and graded them. Most of these looked original from the images. So who knows how many or which ones are now dipped, recolored and in MS Holders.
<< <i>Where do some of you guys come up with your advice >>
From attending or setting up at 30+ shows a year. From viewing thousands of lots and attending every major auction in this country. That's where this advice comes from.
Have you felt the baptism of fire yet?
EVP
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
EVP
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
This IS fun!!!!!
Gives me something to do and scratches a severe itch I get between shows.
EVP
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
Coincidentally, I've recent had experiences opposite of what some of you have. The two vilest, most disgusting bust halves that I currently have in inventory are both PCGS-encapsulated. One is an 1827 that looks like it has mustard-green-brown slime smeared all over it. You can almost smell the toxic cloud right through the plastic! They graded it MS-63, and we currently have a sticker covering up the grade that says "net AU-50". The coin is an embarrassment to our other halves, and quite frankly, I usually don't even bother to put it out for display. Another is a 1820/19 that is obviously artificially toned with cigar smoke. I swear you could get your nicotine fix just by looking at this coin - and that's through the plastic.
On the other hand, we recently cracked out an NGC-encapsulated 1822 half that was graded AU-58 (I regraded as AU-55 raw) that has sweet pinwheel toning, and an 1812/1 that NGC encapsulated as AU-58 (again, we regraded as AU-55 raw) with spectacular blueberry wash toning.
To be fair, we just recently sold an NGC-encapsulated 1813 that they graded MS-64. We called it a net AU-58 due to harsh cleaning and mind-boggling ugly toning. We barely got UNC money for it. So it can go both was, I suppose....
I have a theory that what you may be seeing when you think that there are more "pretty" halves in PCGS capsules, is that many were probably crossed over from NGC and ANACS in the mistaken belief they would bring more money. One thing I can say for sure about bust halves is that in front of a knowledgeable audience of true collectors, the holder makes absolutely NO DIFFERENCE in what the coin is worth. I feel so sure of this, that we recently decided that at shows, we will no longer have the bust halves in any holder AT ALL! The halves will just be laying on a velvet cloth, subject to the customer's grading opinion.
By the way, my Bustie collection is entirely encapsulated now. Only thing I do not like about it is that I cannot see the edge lettering to determine edge varieties.
I agree that rare varieties do not need to be encapsulated to sell easily, at least in below AU grades. When Bustie collections go up for auction it is often the case that coins worth over $300 are encapsulated for the auction.
<< <i>with Bust Half-Dollars the best state might be raw so you can see the third side. you have the opinion of 4 grading services and your own so why not crack it and keep the inserts. if it has to be in a holder i'd have it in the ANACS since they'll attribute it and add that to the insert.
al h. >>
Great response Al---I agree 100%, but I think NGC will attribute it also