Good Reason To Verify The Claims Of Any Auction

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Author	Replies: 3 / Views: 1,736
KurtS Pillar of the Community United States 5318 Posts	Posted 01/07/2009 12:52 pm Case in point is this Heritage Auction which closed a few days ago. What exactly happened here? Auction description states: Quote: Elizabeth II Dollar 1966 Large Beads, KM64.1, MS66 PCGS, deeply toned, especially on the obverse. Very scarce in this lofty designation. PCGS correctly identified this as "large beads". The problem here is the "very scarce" version is the small beads, which isn't this coin at all. As shown, who really thinks the grade of this particular coin is "very scarce"? See pics below; I'm baffled. A. is the badly toned/dinged coin from this auction, and B. is a genuine "small beads" $1--a truly scarce coin. Such as it is, somebody paid $1092 for a toned "MS66" coin with big dings around the rim, no less. This is a common coin, and I'm not sure this "lofty" one even qualifies for MS Some more "MS66" details. This coin is circulated--or very close. (imo) Report this Post to the Staff

Parklane64 Rest in Peace United States 2668 Posts	Posted 01/07/2009 3:08 pm Like a lemming over the edge....... Report this Post to the Staff
PennehChaos Valued Member United States 311 Posts	Posted 01/07/2009 5:15 pm Well, I guess it's true as far as it goes... PCGS says they've only certified five of the large bead dollars as MS66... I certainly share your doubts about the accuracy of the grade, though! Report this Post to the Staff
KurtS Pillar of the Community United States 5318 Posts	Posted 01/07/2009 5:23 pm Quote: PCGS says they've only certified five of the large bead dollars as MS66 Hmm...big deal PCGS, lol. I wonder what ICCS would say as to grade/scarcity--MS60 or AU55? Sometimes graded populations give the wrong impression.--common coin. Also funny how the same coin sold just a year earlier for $977. Well...someone made a big mistake, which was was passed on to the next collector (imo) It should be a cautionary note for slabbed coins. Report this Post to the Staff
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