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Why This Price On A Buffalo 1937 D

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fortcollins's Avatar
United States
3652 Posts
 Posted 05/16/2021  10:29 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
I'll always beat the drum for the four attributes of a buy-it-if-you-see-it Buff:
Matching EDS obverse and reverse die states
Strong strike
Minimal die polishing
High grade for the date

This coin is 0-for-4. It's LMDS obverse, EMDS reverse, average strike for the date, with die polishing. Disregarding any discussion of originality, it's probably MS-66. That's a $40-ish coin. If it runs to MS-67, it's still only a $400-ish coin. It has one too many legs to be a $1500 coin.

No clue on this. It would be a hard pass for me at any price on a bourse floor.
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westcoin's Avatar
United States
9792 Posts
 Posted 05/18/2021  01:11 am  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
Big pass from me as well. I think the price got so high because people aren't reading the description and are thinking they are getting a whole roll of mint state buffs, at least that's the only answer I can logically come up with. Any other reason is the top bidders are just nuts.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
Bedrock of the Community
United States
20753 Posts
 Posted 05/18/2021  09:05 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Possibly a similar sale like the Golden gate bridge.
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T-BOP's Avatar
United States
18456 Posts
 Posted 05/18/2021  11:00 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply

Quote:
Possibly a similar sale like the Golden gate bridge.

Wasn't that the Brooklyn Bridge ?
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colonialjohn's Avatar
United States
1757 Posts
 Posted 05/18/2021  11:48 am  Show Profile   Bookmark this reply Add colonialjohn to your friends list Get a Link to this Reply
These guys have a good working formula - indicating coins are from a fresh roll, slab coins are at a fixed price most of the time and the word GEM BU is almost used in all of their auctions. Trial and error and understanding buyers in the ebay market has produced this entity. It works very well for them. Their coins look good. Take a gamble? John Lorenzo, Numismatist.
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