Record Price for 1837 Bust Half Dime in PCGS MS-65
Cladiator
Posts: 18,252 ✭✭✭✭✭
I did not win this coin, but thought I would share:
an 1837 capped bust half dime graded MS-65 by PCGS (lot 527 SGBH) just sold via auction at Superior Galleries for what I believe to be a record price for a common die marriage (the coin is an LM-5 die marriage, which is R-1): $5500 hammer (with the juice, the price tag comes out to $6325). This exceeds even the lofty PCGS price guide at MS-66 levels! The MS-65 PCGS price guide is $3900. I wonder if Barndog or any of the other half dime geeks wants to chime in on this one?
an 1837 capped bust half dime graded MS-65 by PCGS (lot 527 SGBH) just sold via auction at Superior Galleries for what I believe to be a record price for a common die marriage (the coin is an LM-5 die marriage, which is R-1): $5500 hammer (with the juice, the price tag comes out to $6325). This exceeds even the lofty PCGS price guide at MS-66 levels! The MS-65 PCGS price guide is $3900. I wonder if Barndog or any of the other half dime geeks wants to chime in on this one?
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<< <i>I did not win this coin, but thought I would share:
an 1837 capped bust half dime graded MS-65 by PCGS (lot 527 SGBH) just sold via auction at Superior Galleries for what I believe to be a record price for a common die marriage (the coin is an LM-5 die marriage, which is R-1): $5500 hammer (with the juice, the price tag comes out to $6325). This exceeds even the lofty PCGS price guide at MS-66 levels! The MS-65 PCGS price guide is $3900. I wonder if Barndog wants to chime in on this one? >>
for a PCGS-graded coin, I believe you are correct (btw, I did not win this coin). Heritage has sold two NGC coins (one was graded 66) for this price or higher. I had an agent on the floor ready to bid, but the bidding took off beyond reason, with a floor bidder and a phone bidder (at least that is what I had reported to me), so I didn't get to play the way I would have liked. I would have expected the coin to sell for no more than $4500 including buyer's premium, so this is somewhat surprising. Of course, my agent viewed the coin in hand first.
My agent told me that the coin likely grades 64 to 64+ on the obverse, with the reverse being a 65, despite hits on the shield. Given the preference for the obverse in grading, I didn't think this was a coin to spend more than $6300 on.
I'm still looking for one, but will wait for a realistically-priced one to come my way.
If I would have held off on buying that Cheerios Sacagawea for $4000. I could have bought another on on ebay about three months later for $2900
In retrospect, and realistically speaking, I should have bought them both.
``https://ebay.us/m/KxolR5
<< <i>Having a good hunch on who BD's agent was I'd believe him on the grading opinion. >>
Well, I believe that, too
``https://ebay.us/m/KxolR5
<< <i>Having a good hunch on who BD's agent was I'd believe him on the grading opinion. >>
I bought a handful (ok, maybe two handfuls) of raw coins that my agent sold via a mail bid auction in the last couple of years. Each of the no problem coins I sent in to PCGS graded EXACTLY what my agent described them as...so I trust his assessment (he catalogued the coins). This 1837 half dime is not an upgrade candidate at PCGS.
<< <i>Having a good hunch on who BD's agent was I'd believe him on the grading opinion. >>
Mixed forum lexicon is a bear, when I saw you say you had a good hunch, I thought something completely different!
<< <i>
<< <i>Having a good hunch on who BD's agent was I'd believe him on the grading opinion. >>
Mixed forum lexicon is a bear, when I saw you say you had a good hunch, I thought something completely different!
POTD!
<< <i>BD -- Kick yourself now so you don't have to do it later.
I won't kick myself at all on this coin. Too high of a price, and I won't chase plastic "at any cost."
<< <i>BTW, I thought that I was the dummy that paid the highest price for the 1837 H10 MS65 (NGC Small 5C). Since I ain't selling hopefully someday the value will catch up to my purchase price. I also see nothing wrong with purchasing this H10c for the price it went considering you don't see many COME UP AT ALL. In fact I don't agree with pcgs price guide on this one, I do agree with Coin Values though as I stated in another thread. Clad and Barndog I know you are the experts but where do you come up with your values if not what has sold previously and the fact that they just don't appear often and when they do they disappear quickly. I think we all need to rethink the values. >>
while rethinking values is important, I think this coin went for too much. It is not PQ for grade, although it has nice color. The PCGS price guide is closer to reality than other sources (e.g. greysheet). If the coin was a PQ PCGS 65, I can see a price in the high 4K range, maybe as much as 5K. This coin, IMO, wasn't worth it.
And I think Cladiator was talking about a Large 5C 1837 insofar as a record price is concerned. Redbook type collectors readily pay a whole lot for small 5C 1837 half dimes...so a comparison would almost be "apples to oranges"
<< <i>What are the odds of finding a pqms65 while we are still relatively young. I just see them come up, so if it is a so so ms65 with nice color and in pcgs plastic which can't hurt $6300 doesn't sound so terrible. Just my humble newbe opinion. >>
I guess if someone will buy and hold for many, many years and doesn't mind paying too much, it is not terrible. It is also possible that the market really experiences significant upward trends so that this price paid becomes unburied. Of course, if a collector just had to have this coin for pride of ownership purposes, then he/she will be happy. I think an investor/collector will not be happy in the near term (say five years).
If someone is filling a registry set, I think a better choice for the money (or near it, anyway) would have been a 66, as there is a population of four in that grade. Patience is a virtue with these coins...wait for quality coins at the right price and you might wait years, but always be happy with your purchase.
<< <i>BTW, I thought that I was the dummy that paid the highest price for the 1837 H10 MS65 (NGC Small 5C). >>
The small 5C 1837 (LM4) half dime can't really be compared with the other marriages for price. It has an entire following of it's own that determines the value that is outside the realm of other 1837 half dimes. Small 5C's regularly sell for incredible money when compared to the large 5C's.
<< <i>
<< <i>BTW, I thought that I was the dummy that paid the highest price for the 1837 H10 MS65 (NGC Small 5C). >>
The small 5C 1837 (LM4) half dime can't really be compared with the other marriages for price. It has an entire following of it's own that determines the value that is outside the realm of other 1837 half dimes. Small 5C's regularly sell for incredible money when compared to the large 5C's. >>
how true. For example:
Large 5C in PCGS XF to AU holders should sell for $150 to $300.
Small 5C in PCGS XF to AU holders should sell for $400 to $1000.
Results will be similar with MS coins.
to grading. The coin looks very orig and very clean. If the luster is strong enough coming through that toning, it could 66.
roadrunner
<< <i>I don't see anything on the coin that would preclude an upgrade to MS66 at NGC....or possibly PCGS. Never say never when it comes
to grading. The coin looks very orig and very clean. If the luster is strong enough coming through that toning, it could 66.
roadrunner >>
viewed in person?
<< <i>
<< <i>I don't see anything on the coin that would preclude an upgrade to MS66 at NGC....or possibly PCGS. Never say never when it comes
to grading. The coin looks very orig and very clean. If the luster is strong enough coming through that toning, it could 66.
roadrunner >>
viewed in person? >>
I did. I thought it was spectacular.
<< <i>Thanks BD, i am keeping my fingers crossed, obviously i hope John Agre of Coin Rarites is correct on this one, and yes he is a partner in one of the best dealerships around so I will sleep a little better tonight, but still there is a little ambiguity with this one. When i receive I will let everyone who is interested how it turns out. You know who I am rooting for.
I hope you get the coin photographed with True-View!
<< <i>BD,
anything positive to tell me?
someone either upgraded, crossed, or made a new 65. That's always good news!