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 Replies: 19 / Views: 3,588 |
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Pillar of the Community
United States
3479 Posts |
Just came across this one on Great Collections new Seated dollar listings. I suppose Seated dollars are much easier to track because so few remain. Making identifying unique sld's much easier than coins in other series. I thought I would share this one with you guys before I post it on my 'It came back' thread. So back in January, GC had a great auction of Seated dollars from a collector that was forced to sell his entire collection. I purchased my 46-0 and my 44 from that auction. Today, a very familiar looking 1843 came up for auction on GC's site. I recognized it immediately and dug through my history of watched Seated dollars to confirm my suspicions and found the listing: https://www.greatcollections.com/Co...GS-AU-55-CACSome speculator must have purchased it and resubmitted it to PCGS with the hopes of an upgrade. It didn't pan out as it's still graded au-55 but lost its CAC sticker. Here is the new listing: https://www.greatcollections.com/Co...r-PCGS-AU-55Sidenote: What I don't understand is that the coin appears to be housed in an older generation PCGS holder. Unless PCGS's latest generation of holders added the PCGS shield on the front, then I don't understand how this happened. I'm sure it's the same coin.   Edited by MikeF
05/22/2018 11:56 pm
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Pillar of the Community
United States
5825 Posts |
Its the same coin alright, the toning and scratches are a direct match, except the beanie and the label.
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Pillar of the Community
United States
1475 Posts |
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Bedrock of the Community
13014 Posts |
Quote:
Unless PCGS's latest generation of holders added the PCGS shield on the front, then I don't understand how this happened. I'm sure it's the same coin.
They've had the shield for a few years. It used to be the secure plus service, it's now known as the gold shield service. Most people that use it use it to get TruViews for 5 dollars a coin instead of 10. |
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Pillar of the Community
Canada
1267 Posts |
Same coin alright. The owner had it regraded using the secure plus service (gold shield), got to go through the sniffer and now has true view images. Lost money on the regrade fees, and even more with the loss of the green bean.  |
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Bedrock of the Community
 United States
12477 Posts |
Womp, womp. Shoulda left it alone.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Bedrock of the Community
Australia
21786 Posts |
I don't think coin speculation is running rampant, but
we all must continuously be aware of sophisticated marketing techniques.
Slabbing is often used as a marketing tool.
Forget all of that; just consider any coin you may buy soley on its own merits. Slabbing may add a bit to the value with a widely accepted grading, by those who are unsure of their own skills in this area. Slabbing can also help a bit with authenticity, but it must be understood that Third Party Graders are not in the business of providing a definitive answer to authenticity.
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Pillar of the Community
United States
1211 Posts |
Interesting observation, but I fail to see the point you are trying to make?
So, someone bought a coin from one auction, had it re-slabbed, and is now selling it in another auction... And?
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Rest in Peace
United States
17900 Posts |
Good follow-up Mike. I've been sniffing around for a couple more SLD for year sets and its amazing how many get resold in a short time.
The unfortunate thing is that I found a 53 that I love but ask is $2000. The same coin sold in January for $1570. So I have a tough time with the price. Offered $1825, but no go.
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Pillar of the Community
United States
1695 Posts |
Great memory, and great sleuthing!
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Pillar of the Community
United States
987 Posts |
Quote:
Interesting observation, but I fail to see the point you are trying to make?
So, someone bought a coin from one auction, had it re-slabbed, and is now selling it in another auction... And? The speculation part is the "crack-out game". Someone buys a coin that they think is undergraded , crack it out, and re-submit with the hope of getting a higher grade to sell it for a lot more than they paid for it. |
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Pillar of the Community
United States
7618 Posts |
Sometimes speculators roll the dice and things don't quiet work out like they planned.
This is one of those times.
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Moderator
 United States
54280 Posts |
So, now it is in the PCGS database twice, skewing (slightly) population counts, etc.
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Moderator
United States
188091 Posts |
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Sometimes speculators roll the dice and things don't quiet work out like they planned.
This is one of those times.  |
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Pillar of the Community
United States
4469 Posts |
I am surprised that the coin was cracked out and resubmitted as it appears to be graded correctly at AU55. The coin does not work for me as I do not care for the toning halo around all the details.
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Pillar of the Community
United States
824 Posts |
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So, now it is in the PCGS database twice, skewing (slightly) population counts, etc. I have been wondering about this for a little while and wonder how accurate the TPG's databases are? Here is an example: The 1859 S Seated Liberty half dollar had a mintage of 566,000 and according to one TPG, has an estimate survival of 150 coins in all grades. When you count all of the graded coins from THAT TPG, they have almost 200 coins. If you combine that with another top TPG then there is almost 275 graded 1859 S coins? |
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Replies: 19 / Views: 3,588 |
Posted 05/22/2018 11:54 pm
