$40,250 with bp - who wins RUSS's half?

sinin1 · January 8, 2004 10:53AM

it is posted - who wins the prize?

closed 1963 PR70DCAM

what is up with the sale? Heritage said PCGS doesn't recognize the grade??

sounds like auction collusion with Heritage and PCGS and the prvious owner lost a few thousand dollars over the last year -

Russ · January 8, 2004 11:10AM

Nobody wins. It's a no sale, so the contest is void.

<< sounds like auction collusion with Heritage and PCGS and the prvious owner lost a few thousand dollars over the last year - >>

The previous owner lost nothing. PCGS bought the coin back.

Russ, NCNE

dbldie55 · January 8, 2004 11:34AM

According to the heritage web site it sold. Doesn't matter that PCGS was the buyer does it (I only remember the part about it not meeting the reserve)

Russ · January 8, 2004 11:40AM

<< According to the heritage web site it sold. >>

It was bought by the book, IE the reserve. That's a no sale. PCGS did a deal with the owner, not Heritage.

Russ, NCNE

dbldie55 · January 8, 2004 11:56AM

That isn't what the web site says. It claims it sold. Coins bought by the book are not listed as sold.

FatMan · January 8, 2004 12:05PM

I think HRH came closest to knowing what would be paid for that coin.

In fact, I bet he is one of only a few that will ever know what was actually paid. Hey Russ, send him the prize.

BigE · January 8, 2004 12:14PM

Shamika guessed it. Sorry Russ, just had to stir the pot. lol

-----------------------BigE

Russ · January 8, 2004 12:35PM

<< In fact, I bet he is one of only a few that will ever know what was actually paid. >>

Which is precisely the problem. It doesn't matter what the web site says because we'll never know what it actually sold for. Those who were in attendance stated very clearly that it was sold to book. That is a no sale.

That said, this is a ridiculous argument. I wanted to give the dog away. I don't want the coin.

I'll go dig through the thread and verify, but if Smamika had a guess of $40,250 it's all his.

Russ, NCNE

CalGold · January 8, 2004 12:42PM

Why not contribute it to one of Jeremy's charity auctions.

CG

FatMan · January 8, 2004 12:43PM

<< Those who were in attendance stated very clearly that it was sold to book. That is a no sale. >>

Russ, that is not accurate. Book is one of two things, 1) the reserve, 2) the high bid at the auction start ie:internet bid, mail bid, fax bid. Often the book continues to bid against the floor as the proxies are exhausted. I saw many auction sell to book today where book bids were placed against floor bidders.

Russ · January 8, 2004 12:50PM

<< 2) the high bid at the auction start ie:internet bid, mail bid, fax bid. >>

Ah, didn't know that. I think I now have figured out what happened here.

Russ, NCNE

$40,250 with bp - who wins RUSS's half?

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