Well, This Is What Can Happen Sometimes At Signature Auctions

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Author	Replies: 6 / Views: 1,377
MikeF Pillar of the Community United States 3479 Posts	Posted 12/14/2018 7:32 pm I posted this original 1856 Seated dollar in the grading section a month ago. It was auctioned off by Heritage yesterday. I was planning on being a competitive bidder. I knew it was going to sell for a premium but not to this ridiculous extent. https://coins.ha.com/itm/seated-dol...Lots-101116# It last sold via heritage in 2007 for $1,725.00 . Edited by MikeF 12/14/2018 7:42 pm Report this Post to the Staff

Coinfrog Bedrock of the Community United States 94367 Posts	Posted 12/14/2018 8:11 pm Wow. So, how high were you planning to go? Report this Post to the Staff
KenKat Pillar of the Community United States 4085 Posts	Posted 12/14/2018 8:14 pm For those who don't have a Heritage account, it went for $4080 My 7070 US Type Set My 7100 Lincoln Cent Set (now with updates!) Report this Post to the Staff
MikeF Pillar of the Community United States 3479 Posts	Posted 12/14/2018 8:23 pm 3k Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 12/14/2018 9:04 pm Sometimes a slap upside the head is a good thing. That it's more than doubled over that span doesn't really surprise me. Edited by Coinfrog 12/14/2018 9:07 pm Report this Post to the Staff
MikeF Pillar of the Community United States 3479 Posts	Posted 12/14/2018 9:54 pm Yeah I think this more than anything confirms the bifurcation of the rare coin market. Rare coins with original surfaces can achieve astronomical values at auction while the coins with 'monkeyed' surfaces continue to hammer at obsolete price guide values. This example isn't a particularly attractive coin, but when you look at the others that sold at auction for this date, folks can kind of understand why. I experienced the same thing with my 62 sld acquisition. But on this one with which I thought had crappy eye appeal, I just wasn't willing to pay up to the 4k level. Report this Post to the Staff
acloco Pillar of the Community United States 3540 Posts	Posted 12/14/2018 11:25 pm MikeF - AGREE with your assessment of this particular coin AND whether you wanted to purchase. Toughest decision of any numismatist - "is this THE coin that I want in my collection at THIS price?". Report this Post to the Staff
	Replies: 6 / Views: 1,377

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