Options
Why did this coin sell for $20.7K?
Artist
Posts: 2,038 ✭✭✭
0
Artist
Posts: 2,038 ✭✭✭
Comments
If we could answer this question we would all be selling harshly cleaned coins.
Ron
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>A few bidders musta felt that they can get it into a problem free holder
In addition to a problem free holder, it would need a 64 grade just to break even. Fat chance of that happening.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
Very very few marks.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
<< <i>
<< <i>A few bidders musta felt that they can get it into a problem free holder
In addition to a problem free holder, it would need a 64 grade just to break even. Fat chance of that happening. >>
Have you seen the coin in hand and are you an expert grader of the series? Chances are that at least two bidders for it could answer yes to both of those questions.
<< <i>
<< <i>
<< <i>A few bidders musta felt that they can get it into a problem free holder
In addition to a problem free holder, it would need a 64 grade just to break even. Fat chance of that happening. >>
Have you seen the coin in hand and are you an expert grader of the series? Chances are that at least two bidders for it could answer yes to both of those questions. >>
Looks like it was won by an internet bidder who may not have seen it in hand either
That could make for a real ouchie as based on the pics it does look really good with no trace of molestation.
Going by the pictures the coin does look "darn good." It appears to have full Mint State sharpness, and it has that light coppery look that gives the coin eye appeal and character. If the coin didn’t have “improperly cleaned” on the holder, no one here would be questioning the auction price … going by the pictures.
The key words here are “going by the pictures.” I learned the hard way that pictures can lie big time. I don't bid on anything that is expensive that I've not seen personally. I hope for the sake of the buyer, that he or she saw this coin in person and have some idea as to what they are doing. If they didn’t then they’ve got a big loss on their hands.
<< <i>
<< <i>
<< <i>A few bidders musta felt that they can get it into a problem free holder
In addition to a problem free holder, it would need a 64 grade just to break even. Fat chance of that happening. >>
Have you seen the coin in hand and are you an expert grader of the series? Chances are that at least two bidders for it could answer yes to both of those questions. >>
I didn't see it in hand but several expert graders at NGC did see it in hand. I doubt that a coin such as this was declared as being cleaned without a lot of thought and consideration on the part of the professional graders at NGC.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Coinguy1 you are the man!!
<< <i>I didn't see it in hand but several expert graders at NGC did see it in hand. I doubt that a coin such as this was declared as being cleaned without a lot of thought and consideration on the part of the professional graders at NGC. >>
I'm inclined to go with Perry on this one. It's hard to believe that the graders at NGC would condemn an expensive coin like this to a "genuine" style holder out of hand.
<< <i>
<< <i>
<< <i>
<< <i>A few bidders musta felt that they can get it into a problem free holder
In addition to a problem free holder, it would need a 64 grade just to break even. Fat chance of that happening. >>
Have you seen the coin in hand and are you an expert grader of the series? Chances are that at least two bidders for it could answer yes to both of those questions. >>
Looks like it was won by an internet bidder who may not have seen it in hand either
That could make for a real ouchie as based on the pics it does look really good with no trace of molestation. >>
I didn't bid on it, but I did place dozens of bids via the internet, after having viewed the coins in person.
<<I didn't see it in hand but several expert graders at NGC did see it in hand. I doubt that a coin such as this was declared as being cleaned without a lot of thought and consideration on the part of the professional graders at NGC.>>
It's not a common occurrence, but it happens, and we have seen examples posted here on the forum. It's very much like when a coin that is called AT one time, but receives a grade, the next.
I have said many times, that often, the decision as to whether to grade or no-grade a coin can be as or more difficult and inconsistent than the decision regarding what grade to assign. And that applies to rare/valuable coins, just as it does more common/less valuable ones.
<< <i>
<< <i>
<< <i>A few bidders musta felt that they can get it into a problem free holder
In addition to a problem free holder, it would need a 64 grade just to break even. Fat chance of that happening. >>
Have you seen the coin in hand and are you an expert grader of the series? Chances are that at least two bidders for it could answer yes to both of those questions. >>
Not seeing the coin in hand you still got to wonder why? There seems to be more risk than reward.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
Yet I've seen really gross examples of the 1911-D in AU holders that were nicked up, probably cleaned and ugly. During one of the gold booms I saw a major dealer sell sell a really ugly, nicked up 1911-D quarter eagle for over $6,500.
<< <i>It will resurface in a graded PCGS holder within a month. >>
My thoughts as well. Here is my quick example:
The 1842 $2.50 below sold in a PCGS Genuine holder (.95 scratches/rim dent) in March 2010 for $1,495.
At the August 2010 ANA it resurfaces as a PCGS VF35 and sold for $2,785. The scratch on the reverse is diagnostic for both auction offerings.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
March of Time - 27 Centuries in Gold
https://coins.www.collectors-society.com/WCM/CoinCustomSetView.aspx?s=36590
I had cracked out a very clean $10 Lib from a PCGS MS64 holder figuring it had no chance of downgrading and just might go up. Surprise, it body bagged. I tried the other service and same result. I sent the coin off to auction raw figuring to take a small bath on the coin as it was unsaleable unless priced at MS63 money and just maybe 2 bidders would see the coin as I saw it. Lo and behold, it was resubmitted by the auction house w/o my knowledge and graded MS66 where it proceeded to fetch 2X what I paid for it....the previous 3 grades becoming a distant memory (64...BB....BB...66). So what's the average grade of those four? 65.BB?
roadrunner
<< <i>
<< <i>
<< <i>
<< <i>A few bidders musta felt that they can get it into a problem free holder
In addition to a problem free holder, it would need a 64 grade just to break even. Fat chance of that happening. >>
Have you seen the coin in hand and are you an expert grader of the series? Chances are that at least two bidders for it could answer yes to both of those questions. >>
I didn't see it in hand but several expert graders at NGC did see it in hand. I doubt that a coin such as this was declared as being cleaned without a lot of thought and consideration on the part of the professional graders at NGC. >>
Good argument there!
<< <i>
<< <i>
<< <i>
<< <i>
<< <i>A few bidders musta felt that they can get it into a problem free holder
In addition to a problem free holder, it would need a 64 grade just to break even. Fat chance of that happening. >>
Have you seen the coin in hand and are you an expert grader of the series? Chances are that at least two bidders for it could answer yes to both of those questions. >>
I didn't see it in hand but several expert graders at NGC did see it in hand. I doubt that a coin such as this was declared as being cleaned without a lot of thought and consideration on the part of the professional graders at NGC. >>
Good argument there! >>
True. But a lot of coins which are evaluated are done so with a lot of thought and consideration on the part of the professional graders. And then the coins are resubmitted and the results are very different.
The reason why 1915 cents have traditionally been valued more than their scarcity would justify is that at some auction back in the 1930's or 40's two different bidders thought they were bidding on the 1914-D in the previous lot. They bid it up to stupid money, and the sales figure got into the pricing averages.
TD