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1876 CC 20c- Phenenominal Rise In Value

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fioti's Avatar
United States
4212 Posts
 Posted 08/07/2013  3:38 pm Show Profile   Bookmark this topic Add fioti to your friends list Get a Link to this Message Number of Subscribers
Not that it affects me, just that you rarely see an advance so pronounced.
http://numismedia.com/market.shtml
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Conder101's Avatar
United States
17884 Posts
 Posted 08/08/2013  11:19 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Considering they very seldom trade hands (there are less than 20 or them), and they are showing changed rices in two different grades in the past 30 days, I would suspect the price change is made up.
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OldSkoolMadSkilz's Avatar
United States
2077 Posts
 Posted 08/08/2013  2:59 pm  Show Profile   Bookmark this reply Add OldSkoolMadSkilz to your friends list Get a Link to this Reply
Might be the same buyer. Maybe they are trying to corner the market!
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Prethen's Avatar
United States
3234 Posts
 Posted 08/08/2013  4:11 pm  Show Profile   Bookmark this reply Add Prethen to your friends list Get a Link to this Reply
Unfortunately it's one of those basically unobtainable coins unless you're wealthy, so price movements are meaningless to me.
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judd1552's Avatar
United States
156 Posts
 Posted 08/10/2013  9:33 pm  Show Profile   Bookmark this reply Add judd1552 to your friends list Get a Link to this Reply
Since none in that grade or any grade have traded in the past 30 days (with public disclosure) the higher price could be interpreted as a bona fide bid to flush an example from weak hands.
Edited by judd1552
08/10/2013 9:35 pm
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atchisonbj's Avatar
United States
293 Posts
 Posted 08/13/2013  10:07 pm  Show Profile   Bookmark this reply Add atchisonbj to your friends list Get a Link to this Reply
fioti: I just add this point. Whenever, and that's very rarely, I see the coin on the show circuit it's usually grade G-4. I've seen one that was a VG-8 (of course excluding any Very Good Details coins) and I've never seen one in grade F-12 or above.
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