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 Replies: 10 / Views: 415 |
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Pillar of the Community
United States
687 Posts |
This 1963 Franklin half is graded by PCGS as a PR67. Greysheet $36.00, CPG (retail) $60.00. Yet current high bid is $10,500! Currently 9 bidders and 25 bids. Why? A very early PCGS label (possibly the 340th coin graded by PCGS) seems to be the attraction. Still 17 days left on the auction. . .  |
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Bedrock of the Community
United States
19534 Posts |
Why? Good question. People with a desire to have the item will act on that desire. It's the marketplace--warts and all.
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Bedrock of the Community
United States
78499 Posts |
They probably want it badly maybe?  Errers and Varietys.
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Pillar of the Community
 United States
2385 Posts |
Quote:
A very early PCGS label (possibly the 340th coin graded by PCGS) Of this series/denomination...?  smat |
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Pillar of the Community
United States
6880 Posts |
I think if one is to embrace this hobby and its many treasures, one must also accept that there are some real absurdities in coin collecting.
I'm not sure I would pay $10000 for a screwdriver with provenance from assembling the first airplane at Kitty Hawk. This? This is a plastic slab encasing a coin. =P
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Moderator
 United States
194970 Posts |
Well, if you were going to buy the holder and not the coin, this would probably be a good enough choice. Not my thing though. |
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Valued Member
United States
140 Posts |
Some people can buy anything they want at any price -- must be nice.
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Moderator
United States
15871 Posts |
My initial thought was 'unbelievable', but there are definitely people who collect all types of coin related items and this early PCGS slab has caught someone's eye.
Someone that is with a surplus of disposable cash.
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Bedrock of the Community
United States
18892 Posts |
too much extra cash lying around. I always wonder if the sellers artificially pumps up bids to generate buzz. keep in mind the price of a coin is always proportional to how much someone is willing to pay for it. |
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Valued Member
United States
261 Posts |
I've learned that some people that have a lot of disposable income tend to buy outlandish things lol. I think that is common knowledge for us hunredaires and thousandaires. They start the trend for buying unique things that are so rare no matter how absurd or ugly or nonsensical the item is. 55 million for a painting that looked like a few cans of paint exploded on a canvas. Then all of a sudden that dead artists paintings all become 7 to 8 figure items. I don't know if I had that kind of money if I would do it. I now say I wouldn't. But who knows how I would spend if.....
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Pillar of the Community
United States
5894 Posts |
Its demands that drive all collectible markets, the numbers doesn't mean much to those that have deep pockets.
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Replies: 10 / Views: 415 |
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Posted 08/20/2026 9:43 pm
