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 Replies: 35 / Views: 3,173 |
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Pillar of the Community
 United States
1414 Posts |
Yes I know, I love CACs, you got yourself a winner even if you lost your budget!
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Pillar of the Community
United States
1414 Posts |
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Pillar of the Community
United States
7375 Posts |
Way over my head  |
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Valued Member
United States
403 Posts |
1917 NGC MS64 FH CAC - $470. http://coins.ha.com/itm/standing-li...bnail-0715151917 PCGS MS65 FH CAC - $1,292.50. http://coins.ha.com/itm/standing-li...bnail-071515Now look at the Denver coins. 1917-D PCGS MS64 FH CAC - $587.50 http://coins.ha.com/itm/standing-li...bnail-0715151917-D NGC MS65 FH CAC - $1,292.50 http://coins.ha.com/itm/standing-li...bnail-071515As you can see, the price difference in 65 is negligible. In my experience, plus grades are usually a premium of about 10-20% over the base grade. So let's say it's 20% just to be liberal. 1917 MS64+ FH - $564. 1917-D MS64+ FH - $705. Now factor in that blast-white SLQ's go for a slight premium (5-10%) over toned SLQ's in identical grades, and I think you paid right about market for this coin, and I would consider the slab error to be a detriment since you will have to pay to have the coin shipped to them to get that corrected, and that will hurt the resale value of the coin. Full retail is just junk numbers, nobody pays that unless they are desperate or new to the game. I think most seasoned collectors know to push for a deal and know how to do their homework on pricing before pulling the trigger. Congratulations on your purchase. I hope it is everything you want. Edited by CartwheelCollector
07/30/2015 1:17 pm
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Pillar of the Community
United States
1414 Posts |
The slab itself is highly collectable, for it to be a mistake by PCGS and CAC, that's rare!!
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Valued Member
United States
403 Posts |
No, it is not. Slab errors are not collectable, they are a detriment to the coin inside the holder. The only slab errors I could see being valuable would be in highly desireable classic slabs like the NGC blacks or PCGS doilys. People collect coins, not slabs with mistakes, and correcting those mistakes costs time and money, neither which anybody wants to spend in addition to the acquisition cost of the coin.
Additionally, slab errors can call into question the validity of the grade. CAC cancels that out here, but if you consider that this dealer may have submitted a 1917 plain and this 1917-D, and the plain graded 64+ and the D graded MS63, but they were somehow swapped in the encapsulation room, suddenly you have an undergraded plain and an overgraded D.
It has happened to me personally before, but I caught the error thanks to PCGS's trueviews and they corrected it. The people in the encapsulation rooms that do the actual slabbing don't know much about coins except what they're trained on, and given they work in a production-line environment, they aren't paying that much attention, so errors like the above outlined can and do happen.
Edited by CartwheelCollector
07/30/2015 1:25 pm
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Pillar of the Community
United States
1414 Posts |
People do collect error slabs and I am one of them!
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Valued Member
United States
403 Posts |
But you didn't purchase it because you cannot afford it. It's easy to justify paying a $5 premium on a $50 coin, it's much harder to justify paying that same 10% premium on a coin worth $550-$650. Any premium on this coin for the mistake in the slab is negligible, I stand by that, and if Ed hopes to make a quick profit on resale, I think he will be hard-pressed to do so.
I have been buying and selling slabbed coins since 1991, when I was 17 years old. I have been around the hobby a couple minutes, and I have full faith in my assessment of the value of this coin. We can agree to disagree.
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Pillar of the Community
United States
7375 Posts |
Don't get me wrong, it's not a home run. Not even the best looking imo, average strike. I have a 1717 T1 FH MS63 that I like better. The 1917 T1 is in decent demand. The error slab, the grade, and the CAC, should make is a fairly easy flip for a fair profit. But I could be wrong. Maybe I did get drawn in by the moment. Anyway, I'm a sucker for coins with a bare breast edit: seller is honest, and sent me a message about it being a 17D and asked me if I still wanted it. I still do. Edited by edweather
07/30/2015 1:42 pm
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Pillar of the Community
United States
1414 Posts |
So anyway, nice pickup Ed and I'm still jealous!! Hahaha...
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Bedrock of the Community
United States
17884 Posts |
Quote:
The slab itself is highly collectable, for it to be a mistake by PCGS and CAC, that's rare!! PCGS made a mechanical error on the label which would normally be slightly collectible, but negligible on a coin of this value. CAC only "comments" on the quality of the grade, they have nothing to do with a verification of what the label says the coin is,just whether the grade is accurate or not. So unless you are maintaining CAC made a serious mistake on the grading there is no CAC error. |
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Pillar of the Community
United States
1414 Posts |
So again: So anyway, nice pickup Ed and I'm still jealous!! Hahaha...
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Pillar of the Community
1153 Posts |
Very nice coin ed and great catch on the D.
Sounds like the seller might have realized he forgot the D and was trying to see if you would back out?
I think the slab error, the fact it's a 17 T1 and its beaned means something when it comes time to resell if that is your plan.
Want to talk numbers?
Going back a full year at HA, there are 5 graded 1917-D T1 FH MS64 that sold, ranging from $646.25 to $1057.50. 1 of those had a CAC bean.
There are 27 1917 T1 FH MS64 that sold, ranging from $352.50 to $646.25. 2 of those had a CAC bean.
So according Heritage, the price difference for a 1917 to 1917-D is between $293.75 - $411.25 for the past year.
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Rest in Peace
United States
17900 Posts |
It's a very pretty coin, regardless of the slab.
It's actually nice to see really beautiful coins pointed out. It benefits us as well as the sellers who show fine wares.
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Rest in Peace
United States
18456 Posts |
Quote:
Anyway, I'm a sucker for coins with a bare breast
hey Ed, I thought this was a family forum ?  |
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Replies: 35 / Views: 3,173 |
First Page
Posted 07/30/2015 1:05 pm
