Update on auction MS67 std 25 & our fave 1821 SP67 50c
roadrunner
Posts: 28,313 ✭✭✭✭✭
colorful 1877 NGC MS67 quarter
I had sold this coin at FUN and was surprised to see it so quickly consigned to the March ANA sale. The coin was no doubt dipped when orig holdered back in the early 1990's and probably toned this interesting way in the holder. It didn't change all that much while in my possession. My guess is that either the coin was flipped to Heritage or the dealer I sold it to felt it could do much better in auction. It will be a good gauge for me on whether everything in the future should be going to auction. I had owned this coin for about 8 yrs or so. I believe I picked it up from Teletrade. The same dealer also purchased a MS66 NGC 1874-s 25c and that too is in this upcoming auction.
roadrunner
I had sold this coin at FUN and was surprised to see it so quickly consigned to the March ANA sale. The coin was no doubt dipped when orig holdered back in the early 1990's and probably toned this interesting way in the holder. It didn't change all that much while in my possession. My guess is that either the coin was flipped to Heritage or the dealer I sold it to felt it could do much better in auction. It will be a good gauge for me on whether everything in the future should be going to auction. I had owned this coin for about 8 yrs or so. I believe I picked it up from Teletrade. The same dealer also purchased a MS66 NGC 1874-s 25c and that too is in this upcoming auction.
roadrunner
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Comments
Looks like it was retoned well before being holdered...
roadrunner
I'm looking at a new non-soap bar NGC holder and see the line between the label and coin. However there's an Inch of space between them and no sulfer content in the insert lable... sorry just really hard for me to grasp
Very Interesting!!!
curious minds wish to know :-)
<< <i>It looks like a very sharp and flashy coin, but the toning pattern is not to my taste. What the heck, I am currently the high bidder.
Three whole dollars. RYK lives dangerously
<< <i>It looks like a very sharp and flashy coin, but the toning pattern is not to my taste. What the heck, I am currently the high bidder.
Watch out for that buyer's premium. It is currently three times your bid amount! But don't worry, you have six months to pay.
MS67 in a Seated quarter sure as heck is worth of some respect.
It will be fun to see how it sells minus fees compared to what you got. I would also like to see which method to use in the future.
I am with the others, I don't find the toning attractive but I don't dislike it either.
roadrunner
Here ya go... wanted to ask permission first!
Several believe that the old NGC holders helped to tone the coins that were inside of the holders. This is especially true for coins that had been dipped and not properly neutralized prior to certification. Typically, the colors range from red through violet, but nearly all of the coins have a characteristic electric blue color somewhere on them. I could believe that this coin was dipped prior to certification and that it toned in the holder.
The 1874-s 25c NGC MS66 did not sell against a reserve of $6000.
That was a strong reserve and >$1000 what I had gotten for the coin. I think both coins did about what they should have.
The 1821 SP67* CBH just met the $100,000 reserve and fetched
$115,000 with the seller's 2nd fee (ie "buyer's" fee). That probably made Kevin Lipton and whatever partners he may have had, very happy. The rest of the prices in seated and bust seemed about par for the course. This sale had the flavor of mostly dealer coins.
The 1859 old holder NGC PF65 25c with wonderful album toning fetched 66+ money at over $10,000. That was no surprise as it looked wonderful in the close up photos. Low end junk brought low end prices as demonstrated by a conserved NGC 1857 MS65 NM 25c at $2200l
roadrunner
The 1857 in NGC67 was also very attractive, but definately overgraded with alot of chatter on the arm and body of Liberty. It still brought a strong price at $8,600.
The 1864 in NGC PR68 is about as original as you can get, it has never been messed with. It is very attractive, although not an A type stunner that I graded 67+. It brought strong money at $37,375.
The 1890 in NGC PR66 was also an attractive piece that showed faint signs of a long ago wiping, but since well hidden by attractive toning. A solid 66+ coin that I thought would have brought a little bit more than a decent price of $3162, but it is a more common date.
I got 2 very expensive lessons in "acceptable wipes and chatter" when I sold my NGC PF68 1890 half (ex-Kaufman) and my 1849 PCGS MS64+ ogh quarter. The half had a good series of wipes on the lower reverse that bothered the heck out of me. I seriously felt that if I resumbitted in to PCGS it would have been downgraded.
Yet when resumbitted by its next owner, it crossed and upgraded to CAM (which it really wasn't). I had tried selling that coin for 18 months and all I got was passes from all the major players...and no counter offers whatsoever. Then bingo, upgrade and it doubled in price at auction by going from a pop 24 to a pop 2 for type.
The 1849 quarter had way too many chatter lines on the open reverse field - very standard for no motto seated quarters. The obverse was essentially gem though. While the coin was just a 64 it may have been given the upgrade nod due to it being so much finer than most or all of the other 64's (which it was). Now a pop 1 MS65 but in my mind still just a 64+ coin.
Your summary of those Phoenix ANA coins only reinforces what we already know or have learned by hard knocks. Then again, we tend to be very critical on flaws. It's sort of odd that in 1988, a single obverse hairline across the major figure would have almost always downgraded a barber or seated coin to 64 status. Today, that only prevents a 68 grade. All else is possible based on luster and eye appeal. The tolerance for wipes and hairlines today is far different than 20 years ago. With the wipe you describe on that 1859 25c I would have knocked $3-5K off my bid. I have to think that the new owners of coins like that are counting on the fact that the wipe will be overlooked during the TPG grading process...or that the next potential buyer will miss it.
roadrunner
I watch people on the bourse floor pick up a coin, look at the grade on the slab, flip it over for a quick look, decide that it's pretty, and buy it. Those people include some dealers. I just can't relate to that.