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Why Is This Coin Getting Bid So High?

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scottk's Avatar
United States
767 Posts
 Posted 05/17/2014  10:43 am Show Profile   Bookmark this topic Add scottk to your friends list Get a Link to this Message Number of Subscribers
This is is a raw '59 Franklin proof. There are several of the with buy it now prices about half what this one is at listed right below it. There's still an hour left to bid. Is this just some weird bidding frenzy thing or what?

I see nothing special about the coin compared to others listed. It's not a rare date either.

http://www.ebay.com/itm/310956518497?nav=SEARCH
Edited by scottk
05/17/2014 10:54 am
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Kefiroth's Avatar
United States
1431 Posts
 Posted 05/17/2014  10:54 am  Show Profile   Bookmark this reply Add Kefiroth to your friends list Get a Link to this Reply
I'm not sure either. It's not a cameo, and if you look closely you can see spots and stains hidden by the tricky photography.
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scottk's Avatar
United States
767 Posts
 Posted 05/17/2014  10:58 am  Show Profile   Bookmark this reply Add scottk to your friends list Get a Link to this Reply
This is interesting to me, because I just bought a '58 (rarer date) in beautiful condition for less than half that price.
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scotty11's Avatar
United States
1042 Posts
 Posted 05/17/2014  11:07 am  Show Profile   Bookmark this reply Add scotty11 to your friends list Get a Link to this Reply
Maybe the Machine Doubling on the obverse? Is it possible that the bidders are thinking DDO?
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Tim Stroud's Avatar
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2661 Posts
 Posted 05/17/2014  1:35 pm  Show Profile   Bookmark this reply Add Tim Stroud to your friends list Get a Link to this Reply
I steer clear of all of Bubba Sully's stuff. The pics are doctored and the prices go too high. I wonder if there is some shill bidding going on at times.
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westcoin's Avatar
United States
9792 Posts
 Posted 05/17/2014  3:54 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply

Quote:
I steer clear of all of Bubba Sully's stuff. The pics are doctored and the prices go too high.


I respectfully DISAGREE, Bubba's shop is down the road from me, a super nice guy, he does shoot photos with overly bright lighting, but I think it is due to a setting and forgetting more than any deliberate intentions, he posts about 1000+ coins every week. The lighting set-up never seems to change, with so many photos being shot, and coins listed, it is a full time job in itself.

I have purchased coins from him almost weekly for around 2 years now, never been disappointed yet in a coin I got from them.

I recommend looking at the enlarged photos on a computer (not on a mobile device) where you can really see the surface details. Most of his Morgans listed as UNC are slider AU's but as the listings go almost every coin they list starts at .99 cents, the bidders are what pushes the prices up, not the seller, his feedback shows positive ratings. over 105,000 sold ratings and 4 or 5 negs that seem to be real and not just retaliatory or bogus, a couple of neutral feedbacks show a couple of UNC coins coming back from TPGs as cleaned AU's which is to be expected as I stated above, always look closely at the surfaces on a good monitor. Not bad for well over 100K coins sold.


Quote:
I steer clear of all of Bubba Sully's stuff.


More coins for me then! But then again I only buy lower priced stuff usually in F-EF range from them.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
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See my want page: http://goccf.com/t/140440
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machine20's Avatar
United States
1272 Posts
 Posted 05/17/2014  6:44 pm  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
I, too, steer clear of all of Bubba Sully's stuff.
Valued Member
AES's Avatar
United States
450 Posts
 Posted 05/17/2014  9:08 pm  Show Profile   Bookmark this reply Add AES to your friends list Get a Link to this Reply
I disagree that Bobby's pictures are "doctored". Every purchase I've made has been very much the same as pictured in the auction. I certainly didn't have to look hard to see the spots and stains on the coin linked by the OP.

There is some optimistic grading on some coins (in his opinion), but it's easy to determine such from the photos, IMO.
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United States
5199 Posts
 Posted 05/17/2014  9:14 pm  Show Profile   Bookmark this reply Add jack jeckel to your friends list Get a Link to this Reply

Quote:
I steer clear of all of Bubba Sully's stuff.


I also have to disagree.

I have purchased a few coins from them with no problem.

I agree that the Machine Doubling may have driven up the bids.
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scottk's Avatar
United States
767 Posts
 Posted 05/17/2014  10:32 pm  Show Profile   Bookmark this reply Add scottk to your friends list Get a Link to this Reply
I've searched online and not found anything about errors or doubling in this coin variety.

The odd thing is that he had three of these listed, all of them ending right around the same time, and they all went for well over their listed values. There were plenty of other auctions and "buy it nows" going on at the same time for the same coin. The only thing I've found in my searching is that some proofs from this era were cameo, and therefore highly valued, but the coins listed by Bubba do not appear to have the cameo.
Edited by scottk
05/17/2014 10:34 pm
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atchisonbj's Avatar
United States
293 Posts
 Posted 05/18/2014  04:36 am  Show Profile   Bookmark this reply Add atchisonbj to your friends list Get a Link to this Reply
The photos are no doubt of the actual coin and represent as close as possible as what the coin would look like in your hand. If Bubby Sully was retouching his photographs the hide imperfections that spot would be easy to eliminate. He has quite a following and is a most ethical dealer. I've bid on several of his coins before altough I don't win. Of course that's good news for him because he is raking in strong retail money on a lot of his coins and when you sell on ebay that is what you have to have. Now as far the 1959 Proof Franklin going for $61.00 well that one amazes me. I've never seen one go that high on ebay before and certainly not in a live local auction. Now IF the coin had been CAMEO that would have been a bargain. Here's why: The original hub used to strike the Proof Franklins was of course created for the 1950 strikes. It was not changed until 1960 which means that with each successive year the number of CAMEOS that could be produced got fewer and fewer until you got to 1959. Here's another way to see this: how many times have you seen a 1955 or 1956 that's CAMEO at a coin show verses a 1958 that is? I've got a book on Franklin half dollars that has this info if I need to quote out of it I can.
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