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 Replies: 42 / Views: 5,320 |
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New Member
United States
22 Posts |
Hi guys... I just got my PCGS order back and I got one of the 500 slabbed 1986 statue of liberty half's signed by David hall to commemorate the 50,000,000 graded collectible by PCGS. I didnt know what it was when I got it and google was no help so I went to the pcgs website & in their searchbox I typed "signed by david hall" and their was a messageboard where president dan post tells everyone the promo was not on the website for some reason and to look out for them.. Surprise!... Then a ton of people replying & going crazy wanting one...
My question is what all you guys think the value is?... As it is so new and so rare at only 500 and the fact that they were only given to us collectors who I'm sure most won't want to part with... so in your responses please, everyone, also tell me how much you would pay for this coin if I was going to sell it... kinda like a mock auction. thanks guys!
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Bedrock of the Community
13014 Posts |
At this point the values is really anyones guess. An ebay auction is one way to find out if you were interested in selling it. |
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Pillar of the Community
United States
1903 Posts |
Would depend on what type of coin was signed....people would be buying essentially an autograph with a potentially undesirable coin. Are they signed because HE graded it?
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Pillar of the Community
United States
5207 Posts |
Was PCGS running a giveaway or something?
Never heard of this one.
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Bedrock of the Community
13014 Posts |
Quote:
Was PCGS running a giveaway or something?
They were giving 500 away basically adding them to orders as they finished to celebrate their 50 millionth graded item by Collectors Universe. The 50th millionth item was no doubt a hand picked item as it was a MS 66+ 1888 O Morgan. That guy got a special label out of it and a free graded 1oz gold eagle in a commemorative slab for being the 50 millionth item. Its not entirely clear the time frame they were putting them in for the giveaway and at least one got put in a sports memorabilia order. Basically you had to get really lucky to get one and it probably didnt even last a full day before they ran out. For whatever reason they forgot to put it on their website Edited by basebal21
03/04/2014 11:42 pm
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Bedrock of the Community
United States
10982 Posts |
There's really very little value there. Not trying to burst your bubble but $20 would seem like a high price to me for a modern clad half dollar. It's really just a marketing gimmick by PCGS and not anything more.
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New Member
 United States
22 Posts |
it was a giveaway coin by PCGS Commemorating their 50 millionth collectible graded at the Atlanta show on February 26. They put 500 slabbed 1986 statue of liberty proof coins with founder of pcgs David hall's personal signature on the card in 500 random orders people sent in for grading... like finding a wonka ticket, lol. It does not have a numerical grade. The reverse card is the signature and the obverse card commemorates the 50,000,00O collectible graded. Go to PCGS site & type... David hall signed ...in their search box and you should find the message board I spoke about above
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New Member
United States
22 Posts |
The 1986 coin represents the year PCGS was founded... I know I got extremely lucky to have this coin had this coin in my order.. don't know if it helped but the order had 7 1986 proof eagles!?.(wo graded 70 the rest 69) And for all you coin purest people like the $20 guy this is not the posting for you. The high value lies in the sheer fact of the rarity and the high demand this coin will have to a lot of people. If I were to sell it now I guarantee I can get at least $500 for it if not more
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Bedrock of the Community
13014 Posts |
$500s probably high, though its hot right now with everyone hoping its in their order. Id be shocked it it didnt fetch over 100 though
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Pillar of the Community
United States
621 Posts |
When the hype dies down some I think the price will drop fairly low. I don't see their being that many collectors who just have to have one for their collections to be complete. I think they are neat myself, don't get me wrong, but I don't see their being a long term heavy premium being paid for these. Since I wouldn't be buying it to re-sell in the short term while its still hot but to keep it for my collection I am afraid my highest bid would reflect that and be considered fairly lowball compared to what you could get for it now.
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Moderator
 United States
23522 Posts |
Can anyone explain why I should assign a premium to David Hall's signature, or why a TPG moneygrab has collector value? Heck, by their own admission they've handled fifty million collectibles. That makes their product pretty common, in my book.  |
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New Member
United States
22 Posts |
Value is there because people want it... like coffee from beans picked from an animals poop that sells for hundreds a pound. If a lot of people want something and there is not much of it, value is high. The basics of supply & demand...
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Moderator
United States
23522 Posts |
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Value is there because people want it True that. So the market, not me, will define where this one goes. |
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New Member
United States
22 Posts |
Ya thanks, I'm just trying to get your guys opinions. I want to keep it but I am more of a financial investment collector than a numismatist so I am torn between defining the market while hot or to hold it for possible future gains
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Bedrock of the Community
United States
10982 Posts |
Don't worry, it not worth much. Seriously, who in their right mind would pay over $20 for it? It's a $1 coin in a $5 holder. Get a grip.
Edited by BH1964
03/05/2014 1:55 pm
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Pillar of the Community
United States
1745 Posts |
Like most of these types of items, the market is hottest at first and then settles down. I would sell now, unless of course you want it for your collection.
When I was a kid, I remember paying close to $20 for a 1975-S Proof Lincoln, because it was the first "proof only". Well, 35 years later, they are not worth anything close to $20. But back in 1975, there sure was a lot of buzz about this coin.
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Replies: 42 / Views: 5,320 |
Posted 03/04/2014 10:31 pm
