A recent example of a lower grade bringing more money.

TahoeDale · February 20, 2007 2:44AM

At Long Beach, an 1812/1 lg 8 bust half brought $15,000 hammer in the Heritage sale. The coin was graded AU 50 by PCGS.

But an XF 45( again, PCGS graded ) brought about $20,000 in a private treaty sale.

This scenerio repeats itself at every show, and will continue to do so in the future. CCU and his shop-Coin Rarities online, have some of the best undergraded coins around. I hope they continue to find and show us the real nice coins.

BTW, the coins mentioned above were not from this dealer.

PRTCOINS · February 20, 2007 2:51AM

I thinks its missing something!

TahoeDale · February 20, 2007 2:53AM

Yes, the thread was not complete when I hit the "go" button

tradedollarnut · February 20, 2007 2:57AM

Each coin [and purchaser] is unique. To pigeon hole every transaction into a numerical grade [and thus value] is simply not possible. For instance: which 1794 flowing hair dollar is more desirable - the sharply struck older holder NGC AU55 that Jack Lee sold via Heritage or the riddled with adjustment marks PCGS AU58 that Superior sold? I'd wager the lower graded example is the more desirable of the two.... and would fetch a higher price if both were on the market at the same time.

BRdude · February 20, 2007 3:01AM

topstuf · February 20, 2007 3:57AM

Some XF45's look OK.

rjf810 · February 20, 2007 4:04AM

The PCGS 45 1812/1 was by far the better of both coins.

FinallyHere · February 20, 2007 4:12AM

I concur having seen both the AU and the XF...the XF was the better of the two coins. The transaction on the XF was for a coin...not plastic.

RedTiger · February 20, 2007 4:17AM

<< <i>At Long Beach, an 1812/1 lg 8 bust half brought $15,000 hammer in the Heritage sale. The coin was graded AU 50 by PCGS.

But an XF 45( again, PCGS graded ) brought about $20,000 in a private treaty sale.

This scenerio repeats itself at every show, and will continue to do so in the future. CCU and his shop-Coin Rarities online, have some of the best undergraded coins around. I hope they continue to find and show us the real nice coins.

BTW, the coins mentioned above were not from this dealer. >>

Unfortunately, many buyers of the first kind of coin are paying top dollar in this market. They believe their coin is premium, and bid accordingly, or pay accordingly. Sometimes they know better and get caught up in the excitement, sometimes they know very little and find a sweet talking dealer with average coins and a good sales pitch. My point is that there are lots and lots of average coins with premium asking prices on them in the current market. Be careful out there.

Elcontador · February 20, 2007 5:11AM

Dale, you and TDN are referring to people who buy the coin, not the plastic. Yours is an excellent post and yet another reminder that we are seeing more coffins these days. I'd much prefer a coin with personality that is one point lower in grade than a dipped & stripped coin in the next grade up.

ziggy29 · February 20, 2007 6:02AM

As much as a large segment of the collecting population chases plastic and numbers, there are just enough who are more concerned with top quality than highest grade that I suspect this will become more common in the future, especially as more "coffin coins" are created from fortunate crackouts.

A recent example of a lower grade bringing more money.

Comments

Leave a Comment