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 Replies: 16 / Views: 5,298 |
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Pillar of the Community
Australia
7096 Posts |
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Valued Member
Australia
55 Posts |
Good lord! And roughly 3 to 4 times estimate. I didn't know there was such a thing as "faultless" in the Coin World (apart from some forum members of course  ). Edited by andycoinster
10/09/2014 08:03 am
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Valued Member
Canada
109 Posts |
It is what it is. The Australian coin market is adjusting to the "standard" that's been introduced by TPG companies like PCGS and NGC. This allows real comparisons to be made and the filtering of "processed" coins, This is the result. Now that a "population" report has been generated By these TPG services it shows the real rarity of numismatic items previously assumed or not recognized at all. As a result prices are/have been adjusted to reflect this. Many are still in need of further corrections. |
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Pillar of the Community
Australia
541 Posts |
There's a PR70DC 1966 20c which in theory would be worth more but I don't know what it last sold for.
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Pillar of the Community
 Australia
7096 Posts |
It makes my 9xPR70DCAM Silver proof dollars look interesting  |
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Valued Member
Australia
55 Posts |
Trout, sounds like yr going to make out like a bandit! Would you mind having a look at this Morgan dollar for sale & giving me a brief opinion? Description of coin is quite glowing, & looks a decent coin (notwithstanding heavy contact marking in some areas) - but then there's the final pic talking about it being taken out of the "uncirculated category". How do you wrap this up in a nutshell? http://www.ebay.com/itm/221552485950?nav=SEARCH |
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Pillar of the Community
Australia
7096 Posts |
I am in no way an expert on Morgans but this one is pretty baggy I recon MS62 maybe 63 on a good day.
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Pillar of the Community
Canada
4944 Posts |
The Morgan posted above looks like a decent MS-63.
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Valued Member
Australia
363 Posts |
Excuse my ignorance, but why is it selling for so much? Isn't it just a 50c out of a proof set?
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Bedrock of the Community
Australia
21788 Posts |
It seems that trout is about as tough on grading as PCGS is.
For those of us who have a lot of PCGS slabs, you get to know what they are about.
One of the by products of this is you get to grade unslabbed coins like they do.
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Pillar of the Community
Australia
908 Posts |
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Valued Member
Australia
55 Posts |
Thanks, I can't quite understand the last pic which seems to be from an auction house or grader (no context do I can't be sure) which suggests it is too badly marked to be "thought of as uncirculated". If this is true would it even hit the MS62 or 63? Ps. I'm very new to an interest in coins, & quite like the Morgan dollar for sale, but am trying to determine how much "devaluation" the marking on the face & neck might mean - it does seem quite marked. Edited by andycoinster
10/10/2014 03:43 am
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Pillar of the Community
Australia
762 Posts |
Quote:
Excuse my ignorance, but why is it selling for so much? Isn't it just a 50c out of a proof set? Because it is in a slab that says PR70. Personally I think it is completely insane. I can get a 1983 proof set for about $30 and it will have a 50c which will only be a few grading points lower and will be difficult to tell the difference from.  If I had a spare $3,400 burning a hole in my wallet there is no way I would spend it all on a 1983 proof 50c, no matter what the slab said. |
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Pillar of the Community
Australia
2830 Posts |
Mob Of Roos - I'm with you !
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Valued Member
Australia
363 Posts |
thank you. I wasn't sure if I was the only one questioning the sanity of it....
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New Member
Australia
42 Posts |
There were some 80,000 proof sets produced for 1983.
Surely in all that lot there would be 100's of 50 cents that would rank as good as the one that was slabbed PR70CAM?
The ONLY rarity factor in all this is the fact that the coin has been slabbed.
For $3500 you could easily buy over 100 1983 proof sets and I bet at least one would have as good a coin as that one.
My understanding of the highest prices paid for a decimal coin would be rougly:
(1) the 1966 London 50cents that Sterling and Currency had for around $20,000
(2) the 1977 CofA reverse 50 cents which sold last year for $15,500 plus commission at Downies
(3) some of the 50 cent pattern coins from 1988 circa $8000
(4) top grade $1 2000 mules around $6000
(5) top grade curvy 2 20cents around $5000
(6) some of the gold 50 cents around $3000 - not sure if any have been slabbed yet.
The next coins to take off would probably be the 2010 Heritage set of coins (400), especially if someone decides to slab them.
And the 2012 50 cent Acacia Gold coin, which very few Aussies even know about.
Cheers
Peter (notcb)
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Replies: 16 / Views: 5,298 |
Posted 10/09/2014 2:26 pm
