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23k for a PCGS MS65 FE cent??

LakesammmanLakesammman Posts: 17,464 ✭✭✭✭✭
in U.S. Coin Forum
From the just completed Heritage sale - wow!

image
"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.

Comments

  • BECOKABECOKA Posts: 16,961 ✭✭✭
    It must me nice to have money. image

    I'd rather have one with out spots though.
  • MikeInFLMikeInFL Posts: 10,188 ✭✭✭✭
    Is it a proof?
    Collector of Large Cents, US Type, and modern pocket change.
  • harvey85422458harvey85422458 Posts: 1,004
    image
    MY EBAY MY EBAY MY EBAY MY EBAY MY EBAY MY EBAY



  • NicNic Posts: 3,418 ✭✭✭✭✭
    Proof. K

    My 1866 Philly Mint Set

  • ElcontadorElcontador Posts: 7,700 ✭✭✭✭✭
    That eyecatching spot above the first 8 makes me not like the coin. I don't know what PFs go for in this series, but I have a 58 LL in MS 65, and paid a small fraction of this coin's price.
    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    Nice looking coin imo even with the minute spot or two. FE's don't often come 100% spot free. It's sort of like original Liberty gold. If you get the vibrant copper spots it's usually an unmessed with piece. But those often get dipped away to help sell the coin to the uninformed public.

    roadrunner

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • UnknownUnknown
    This content has been removed.
  • GemineyeGemineye Posts: 5,374 ✭
    Wow.....Looks like the price of copper is rising....!!!
    ......Larry........image
  • NumisOxideNumisOxide Posts: 11,006 ✭✭✭✭✭
    Proof?
  • PushkinPushkin Posts: 2,029 ✭✭✭

    The spot doesn't show up in the natural color Heritage photos where the coin looks like an average MS 65. The coin doesn't seem to have great eye appeal, for whatever the Heritage photos are worth. Not a proof, so what's up, the emotions of an auction??
  • LakesammmanLakesammman Posts: 17,464 ✭✭✭✭✭
    Those of you that say it's a proof - did you see it in person?
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
  • DMWJRDMWJR Posts: 6,046 ✭✭✭✭✭
    The purchaser did. I bid on it, but waaaay under.
    Doug
  • speetyspeety Posts: 5,424 ✭


    << <i>My first thought was that it looks like I what I would think a proof looks like but I don't know the diagnostics, anycase the price paid is indicative of proof. >>



    It also brought what MS-66's in PCGS have been bringing. Not a proof imho, just a coin someone thinks has a very good shot at upgrading.
    Want to buy an auction catalog for the William Hesslein Sale (December 2, 1926). Thanks to all those who have helped us obtain the others!!!

  • DMWJRDMWJR Posts: 6,046 ✭✭✭✭✭
    The purchaser was a very well informed purchaser.
    Doug
  • ElcontadorElcontador Posts: 7,700 ✭✭✭✭✭
    If you ask me, I prefer the image of lot #86 to this one, which went for what you'd expect a nice 5 to bring.

    This imo is a great illustration what happens when one gets buried in a coin. Whenever there is a huge chasm between what a coin brings in one grade versus the next one, I think it's a major mistake (I am trying to be kind here) to pay many multiples of sheet and play the grading game, hoping that you can get your money out of the coin because you think the coin is attractive.

    Doug, with no disrespect to you or the "informed purchaser" of this coin, unless it's some sort of variety which I know nothing about, it seems to me that the purchaser made up his mind that for whatever reason, he wanted that coin and did not care what he had to pay for it.

    I paid $3,100 for a 58 LL in PC 5 a few years ago, and it's solid for the grade. I don't think these have gone up much since then.
    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • DMWJRDMWJR Posts: 6,046 ✭✭✭✭✭
    I hear ya, Elcontador, but I wouldn't call this one "the upgrade game" since it is a proof coin in a mint state holder. I guess we will see if the pop reports change. If you look at market value for a 65 proof, the money was just about right, historically. The buyer (who is not me) paid the right price for a PR65 small letters - and there must have been at least two people bidding.

    You are right about 58LL's in MS65. However, there are some crazy money guys playing in the high grade FE & IHC's right now. I've been shocked at what they have been willing to pay. The last two 58LL's in MS66 have gone for over 20k, with Lakesamm's going for 25k. Historical prices for 66's have been around $10k. I'm sure there are going to be some record IHC prices coming up at Baltimore too.
    Doug
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,625 ✭✭✭✭✭
    Awesome coin. The old days are definitely gone.

    ``https://ebay.us/m/KxolR5

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