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 Replies: 16 / Views: 2,396 |
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Pillar of the Community
United States
1283 Posts |
The first one sold for $14,375 as PCGS MS-65. The second one sold for $1,380 as PCGS MS-64. My initial presumption is that MS-65+ is extremely rare, and that 64 examples are much, much more common. I got it. But SERIOUSLY! When you when you look at the two side-by-side why would anybody pay a $13,000 premium on a thirteen hundred dollar coin? It just makes no sense to me. Now I'm really not trying to knock those that do, because obviously a 65 commands those prices for a reason. I'm just trying to figure out what that reason is. Can any of you provide some light on this?   |
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Valued Member
United States
76 Posts |
Makes no sense to me, sorry.
I'm just not into paying extra for gradations I can't even see, where maybe the grader was in a good or bad mood that day.
Of those two coins, the bottom one looks much better to me. Though I wouldn't pay $1380 for either one of them, so I'm not the right one to ask. Personally, I just like eye-clean coins, I'll let the serious collectors pay hundreds or thousands of dollars for coins like that.
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Valued Member
United States
459 Posts |
Some investors don't buy the coin; they buy the holder.
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Pillar of the Community
United States
2797 Posts |
 It's gotten way out of hand and negatively impacted the hobby. Investors who care little about the coin inside the slab, pay huge amounts for the rarity assigned by TPGs and their plastic abominations. I wish you all could have been part of the hobby in the 50's and 60's.  Hey who left this soapbox out here for me to stand on?!! |
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Pillar of the Community
United States
891 Posts |
Really the only difference I see is something on the forehead and just above in the hair. Don't know if that is enough to make a difference. For that price difference you could send it in a couple hundred times and hope.
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Pillar of the Community
United States
986 Posts |
This is a great example of the power of Registry Sets. A one point difference in grade is equal to a huge gain in number of points in the Registry.
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Valued Member
United States
414 Posts |
In pure technical point, is the mark on the neck truncation holding the second back? On the collecting point, either is too high for me.
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Valued Member
United States
62 Posts |
Since you can only tell so much form the small pictures provided, I checked out the original auctions. As I suspected from the small pictures, the coin graded 65 has a deeply frosty original glow to it and is very clean and attractive. The 64 is a bit dinged up and is a very unremarkable coin to me. The 65 is also a VAM, though that doesn't seem to have had much effect on the price. Taking the difference in price between the two coins out of the equation, I find the 65 far superior to the 64. I'm not in the market for a $14K Peace dollar, but the 65 is a coin I would consider owning, while the 64 is I coin I would dismiss out of hand. The original auctions: 65: http://coins.ha.com/common/view_ite...&Lot_No=170564: http://coins.ha.com/common/view_ite...&Lot_No=1899Now, if you were REALLY looking for a whopper of a price differential to post here, you should have picked this one as an example of a 65: http://coins.ha.com/common/view_ite...&Lot_No=1230 |
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Pillar of the Community
 United States
1283 Posts |
quote:
the coin graded 65 has a deeply frosty original glow to it and is very clean and attractive. The 64 is a bit dinged up and is a very unremarkable coin to me.
I looked at the two carefully, and I don't see what you're referring to. If anything the 64 appears to have more of that frosty luster due to lack of toning. Both coins appear to have plenty of marks under extreme magnification (as all coins do), but the 65 appears to have more IMO. |
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Pillar of the Community
United States
2443 Posts |
The 64 looks better than the 65. Some people are nuts.
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Pillar of the Community
United States
668 Posts |
what is a " VAM" i know I know... but I'm new to this thing |
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Pillar of the Community
United States
675 Posts |
I don't understand why anybody would spend $14,000 on a coin in MS-65, when they could get an MS-64 for $1,400, (regardless of the fact that this MS-64 looks better than the 65!) It just doesn't make sense to me... I guess some people have too much money.  |
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Pillar of the Community
United States
1283 Posts |
quote:
I don't understand why anybody would spend $14,000 on a coin in MS-65, when they could get an MS-64 for $1,400
Exactly! And frankly I think the 10 point MS system is silly. I think there should be about 5 levels of Mint State, period. I'm thinking MS-60, 62, 64, 66, 68. That would remove a lot of the subjectivity and guess work. Especially when one little tick can increase value ten fold. If two like coins are even one grade appart, we should be able to look at them and quckly see why. Edited by USArmyParatrooper
07/18/2007 8:18 pm
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Pillar of the Community
United States
974 Posts |
I buy the coin not the holder that's why I only have 2 coins in my whole collection third party graded, only because that's the way they came. Half the time I don't agree with the grade given on most coins, they seem to be a little more lax in the grading than I give them. I have returned several coins I have purchased off of ebay that I felt wear over graded. Personally, I think people pay those big prices to inflate their ego more so than being collectors. I would much rather have THREE MS65 1928 Peaces with 360k mintage at $3.6k than a MS65 1928-S Peace with 1,600k mintage for the same price! I prefer to post most of my coins on the Grading Portion of this forum and let my peers help me decide. Things are only worth what people are willing to pay for them and to pay a $13,000 premium because a grade is said to be one point better, I don't get it...especially since it is subjective. Edited by Nelrak
07/18/2007 9:34 pm
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Valued Member
United States
76 Posts |
A lot of this gets into rarity or perceived rarity. For me, I like a nice-looking, eye-clean coin. I don't really care if the date/mintmark/double date error/VAM, etc. makes it super rare and thus 10x or 100x more expensive than a comparable common date. Give me the nice looking common date for a fraction of the price!
I guess this is why I lean toward doing a type set, not a set of 100 coins that all look exactly the same, except for the small difference of the date or mint mark.
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Rest in Peace
United States
2668 Posts |
I can not imagine ever paying that much for a coin. Any of the prices mentioned.
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Replies: 16 / Views: 2,396 |
Posted 07/18/2007 03:46 am
