Now that I think about it, the coin may actually sell.
If it was shill bidding, or even somebody just screwing around, the coin has still met the reserve if said reserve is $35K. It got bid to $51K and only one bidder dropped out. That means that there is a bidder who exceeded the reserve by a wide margin with his proxy, and would now be at the reserve.
This is pure ego, nothing else, anyone who's seen this coin knows it's not a 70 now. Someone once pointed out to me [I think it was Russ] that pcgs probably did not make such an obvious mistake in grading this coin, and that it turned in the holder from either an improper dipp or not letting the coin fully dry after rinsing from the dipp before slabbing, I'm not going to start the old arguement about moderns not being worth this much, but even modern lovers who've seen this coin must admit it's no better then a 66dcam and worth less then 5 bucks as such. Such an obvious "bad" coin should be purchased off the market. David, if you've seen the picture of this coin, please tell me why this coin is not repurchased by pcgs and reslabbed at the proper grade that it is now ???
Les >>
If this statement has counted as my guess I would have won the contest. I saw some pretty hard knocks against pcgs for the way the coin was pulled from the recent auction but wether you like how the coin was secretly [if thats what you think] bought back with no announcment ahead of time or not, the fact is David did the right thing here and to me it speaks volumes of why I am loyal to pcgs and David Hall. The bottom line for me is that pcgs did the right thing and I don't think any other grading company would have stepped up to the plate like this for so expensive of a coin that turned in the holder.
The President claims he didn't lie about taxes for those earning less then $250,000 a year with public mandated health insurance yet his own justice department has said they will use the right of the government to tax when the states appeals go to court.
Comments
If it was shill bidding, or even somebody just screwing around, the coin has still met the reserve if said reserve is $35K. It got bid to $51K and only one bidder dropped out. That means that there is a bidder who exceeded the reserve by a wide margin with his proxy, and would now be at the reserve.
Met reserve = coin sold.
Russ, NCNE
<< <i>Stewart asserts the reserve is $38k. >>
I don't think that's what he originally said, but I could be wrong. If it were $38K, though, that's where the coin would be sitting right now.
Russ, NCNE
<< <i>Rich person with more "cents" then brains.
This is pure ego, nothing else, anyone who's seen this coin knows it's not a 70 now. Someone once pointed out to me [I think it was Russ] that pcgs probably did not make such an obvious mistake in grading this coin, and that it turned in the holder from either an improper dipp or not letting the coin fully dry after rinsing from the dipp before slabbing, I'm not going to start the old arguement about moderns not being worth this much, but even modern lovers who've seen this coin must admit it's no better then a 66dcam and worth less then 5 bucks as such. Such an obvious "bad" coin should be purchased off the market. David, if you've seen the picture of this coin, please tell me why this coin is not repurchased by pcgs and reslabbed at the proper grade that it is now ???
Les >>
If this statement has counted as my guess I would have won the contest. I saw some pretty hard knocks against pcgs for the way the coin was pulled from the recent auction but wether you like how the coin was secretly [if thats what you think] bought back with no announcment ahead of time or not, the fact is David did the right thing here and to me it speaks volumes of why I am loyal to pcgs and David Hall. The bottom line for me is that pcgs did the right thing and I don't think any other grading company would have stepped up to the plate like this for so expensive of a coin that turned in the holder.