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 Replies: 27 / Views: 7,575 |
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Pillar of the Community
 Canada
5404 Posts |
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Valued Member
 Canada
127 Posts |
:) Thanks Pacific, I really like how it has a story to tell. The lady who owned it previously had said she had it in her collection for over 30 years.
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Valued Member
Canada
320 Posts |
Recently the TCNC auction had 5 for sale. All of them were AU55 or better. I've seen a VG8 1948 dollar before. I believe SPP had it at a Toronto coin show this past summer. It's remarkable to see one in this grade. I believe he was asking $1100 for it which was very fair as towards the standard price now days...
The price of the 48 dollar is stupidly inflated! Consider this. The 1932 Half dollar has a similar mintage and I can buy them for $100-200 on a regular basis.
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Valued Member
Canada
127 Posts |
That's interesting to hear XWL. I never really looked at a lower grade 1948 being desirable before, but judging by the sound of things there are no shortage of collectors looking for coins that normally were pulled from circulation early.
I know for the past 3 years I've looked at the Charlton and been disappointed each publishing as the lowest grade they recognize as value being VF20. Even at that, VF value being 1200 you would think that would peg a VG8 at 5-700 max. I guess for many reasons, they won't ever publish a backwards scale for lowball raritys.
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Valued Member
Canada
320 Posts |
I would assume that if they started posting trends as going higher in value for low grades, you would see a lot of those VFs and even EFs being taken out of the slabs and carried around in people's pockets for a year or 2 until it wears down to a G4 or G6.
It's hard to think of a coin going up in value because you took it out of its protected casing to purposely lower its grade. But I do believe this is the case here.
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Moderator
Canada
10464 Posts |
I sold that 1948 ICCS VG-8 dollar, to a coin dealer (who also collected lowball dollars), for my full asking price... grade rarity can work at both ends of the Sheldon scale.
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Valued Member
Canada
127 Posts |
Good to know SPP, I think I may send mine to ICCS to be graded and maybe put it up for sale.
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Pillar of the Community
Canada
3234 Posts |
Quote:
"The price of the 48 dollar is stupidly inflated!"
Consider this. The 1932 Half dollar has a similar mintage and I can buy them for $100-200 on a regular basis. 99.99% of the 50 cent pieces and your 32 half were used on a daily basis...and worn down accordingly.. ...whereas the 48 dollars were 99.99% never used in pocket change ...and were an instant rarity for their late arrival in 1948..and mostly pulled off of the market immediately. ...except for that 0.01 % that did somehow get into a pocket..and therefore "the rarity that it is" . You just never get to see a VG like that....so very cool...and collectible now.. |
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Pillar of the Community
Canada
867 Posts |
A buddy of my dad's was driving Cab in the early 1950's and got a 1948 as payment. Sold it for $500 USD in Seattle back in the early 1950's, so it was well known this was a short run of dollars (as astutely mentioned previously.
I only made money on mine when I sold it, because I PCGS was so kind as to re-grade it as a MS 64 from their original MS63 when I re-submitted it 15 years later.
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Valued Member
Canada
320 Posts |
$500 back in the 50s? Thats alot for back than considering the trend in "UNC" from the 1960 edition charelton says its worth $75  |
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Pillar of the Community
Canada
1505 Posts |
First time I have seen Charelton prices below what the market was paying, lol
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Valued Member
Canada
320 Posts |
Hehe. Yeah, its entertaining to see what things were worth back in 1960. you could get a 1921 Half for $700 HA!!
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Replies: 27 / Views: 7,575 |
First Page
Posted 01/14/2016 3:27 pm
