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 Replies: 24 / Views: 3,845 |
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Valued Member
United States
295 Posts |
Doing some research, I ran across this coin. Frankly, I'm baffled the coin was 1. graded "MS68" by NGC and 2. somebody paid $6462 for it! My eyes see a bunch of hits on that "MS68" coin (closeup)   I'm pretty sure you could easily get the nice 76-D DDO in a real MS65 for that price. What gives?   Edited by Thulium
02/13/2017 5:21 pm
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Pillar of the Community
United States
7624 Posts |
Why someone would pay THAT much money for a relatively common coin is beyond reason.
I like to look at it as "stupid people do stupid things!" Also, the more money they have the more stupider things they seem to be able to accomplish.
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Valued Member
 United States
295 Posts |
Yeah--definitely 'stupid money' thrown at that one. I guess I'm also "old school" with regards to grading, because I think business-strike coins grade MS67--tops. Over that is the sole territory of modern proofs--just to me.
Edited by Thulium
02/13/2017 5:55 pm
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Pillar of the Community
United States
828 Posts |
Numismedia says it is only worth 4060 dollars.
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Pillar of the Community
7234 Posts |
Condition rarity I guess. One sold last month I think from a Heritage auction PCGS MS68 for over 6000$ - pop 6
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Valued Member
Korea, Republic Of
489 Posts |
This may be because of its grade. Since there were so many made back then, it is probably rare to actually find a coin in that condition. The same goes for other "pointless" coins like the 1965 quarter, which sells for good money in high MS like this one.
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Bedrock of the Community
United States
10038 Posts |
Misplaced faith in TPGs can be rather costly.
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Pillar of the Community
United States
666 Posts |
"Buy the slab, not the coin." Oh wait.  |
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Rest in Peace
United States
18456 Posts |
If I had $6,462 to spend on a coin, it wouldn't be some common modern trash coin . I don't care what the grade is .Even MS-69 . I would take that quarter and put it in a kiddie ride for my granddaughter .   |
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Valued Member
United States
295 Posts |
Quote:
If I had $6,462 to spend on a coin, it wouldn't be some common modern trash coin And this is a one-year issue that was more commonly collected in MS grades--because a lot of different coin sets were issued for the Bicentennial. But if you need to spend $6K on a coin like this--knock yourself out. If I had this $$ to spend on a coin, there's so many others I'd choose first. |
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Bedrock of the Community
United States
10982 Posts |
Top Pop for registry points likely bought by a multi-millionaire or billionaire to whom $6k is like $6 to you and me.
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Valued Member
United States
295 Posts |
Quote:
Top Pop for registry points likely bought by a multi-millionaire or billionaire to whom $6k is like $6 to you and me. Could well be--the ultra-wealthy live on a different planet than me. |
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Rest in Peace
United States
10625 Posts |
Quote:
Could well be--the ultra-wealthy live on a different planet than me. Maybe just the moon, the reason they paid moon money. |
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Pillar of the Community
United States
1609 Posts |
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CCF Advertiser
United States
1533 Posts |
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Top Pop for registry points likely bought by a multi-millionaire or billionaire to whom $6k is like $6 to you and me. I wouldn't pay $6 for that coin. There are people that feel there is real value in having a top registry set, so they don't care what the coin inside is. I rather feel that the best piece of crap is just a really nice piece of crap. |
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Rest in Peace
10197 Posts |
Now for the umpteenth time, will somebody please design the most necessary emjoi of them all, for instances just like this...what may you ask, but a dancing lollypop emjoi, of course!  Six grand could buy a really nice COMPLETE Morgan set just about, or how about a nice gold type, sheesh! Edited by Crazyb0
02/13/2017 9:21 pm
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Replies: 24 / Views: 3,845 |
Posted 02/13/2017 5:19 pm
