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Bidding Frenzy?

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Jon K's Avatar
United States
723 Posts
 Posted 06/04/2011  11:15 am Show Profile   Bookmark this topic Add Jon K to your friends list Get a Link to this Message Number of Subscribers
I found a really nice certified AU55 1939-s Washington that would look nice sitting in my collection. http://cgi.ebay.com/ws/eBayISAPI.dl...170647264821
It really is a nice coin, and I was ready to bid a few bucks above Numismedia to get it.
Numismedia / NGC has it at $51.75
I was going to go nuts and bid $60.00 to be sure I got it.
This morning it is at $73.08 Not sure where it will land, but for that price, we should be approching MS60 or so. For sure I am out.
And the E-snipe crowd has not weighed in yet . . . .
Any thoughts as to what might be driving this one?
Valued Member
Funny Money's Avatar
United States
424 Posts
 Posted 06/04/2011  11:54 am  Show Profile   Bookmark this reply Add Funny Money to your friends list Get a Link to this Reply
It is nice...maybe the bidders are referring to the RedBook. Mine has it at au 50 for 60 bucks, and ms 60 for 95 bucks. Then there's the allowance for shipping. Not to mention...it's always worth what someone is willing to pay...no matter what price guide you go off of.
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JimR's Avatar
United States
1490 Posts
 Posted 06/04/2011  12:43 pm  Show Profile   Bookmark this reply Add JimR to your friends list Get a Link to this Reply
From the pics it looks nicer than AU-55. Maybe you got some bidders playing the crack and resubmit game. If its truly AU55, which we have to assume it is, I would say its on the upper end of the AU55 scale.
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United States
62 Posts
 Posted 06/04/2011  2:11 pm  Show Profile   Bookmark this reply Add Mikecouil to your friends list Get a Link to this Reply
It's a very nice coin.
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Jon K's Avatar
United States
723 Posts
 Posted 06/04/2011  3:26 pm  Show Profile   Bookmark this reply Add Jon K to your friends list Get a Link to this Reply
Yep, really nice. That's what I keep coming back to . . . .
I would REALLY like to have that puppy.
Arrgg! No telling how high it will go.
Nope, I will stay strong and keep out!!
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BrokaToe's Avatar
United States
175 Posts
 Posted 06/04/2011  3:45 pm  Show Profile   Check BrokaToe's eBay Listings Bookmark this reply Add BrokaToe to your friends list Get a Link to this Reply
Man that is a beautiful Washington. It sure looks better than an AU55 to me. Never can tell though, maybe there's something being hidden by the photos that we're just not seeing. Sure has a nice luster to it!
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biggfredd's Avatar
United States
9104 Posts
 Posted 06/04/2011  5:27 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
Any thoughts as to what might be driving this one?


I dunno. The fact that it was graded correctly instead of market graded at MS65?

"I find this coin to be super attractive, I can't understand why anyone else would want it."

I'm looking at a MS63 breakout coin.
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United States
891 Posts
 Posted 06/04/2011  5:30 pm  Show Profile   Bookmark this reply Add Southern Yankee to your friends list Get a Link to this Reply
If it were me I would pass on it. I fooled around with the picture and it looks like a partial fingerprint on the neck and cheek is developing. There will be another one coming down the pipe sooner or later.
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vermontensium's Avatar
United States
16679 Posts
 Posted 06/04/2011  5:33 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
I would bet it's an MS64 coin. There is no way that is AU IMO. That reflects the high bid.
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Jon K's Avatar
United States
723 Posts
 Posted 06/05/2011  08:05 am  Show Profile   Bookmark this reply Add Jon K to your friends list Get a Link to this Reply
It's a war now. $86 this morning with 13 hrs to go.
Two guys are bidding each other up.
I'm betting that it really is AU55, but somehow photographs better. I mean, you got to believe the NGC guys right? Right? In which case someone's going to get hosed.
I wonder how many esnipe bids are lurking?
Anyhow, kinda fun to watch.
Edited by Jon K
06/05/2011 08:11 am
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 06/05/2011  5:02 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
I mean, you got to believe the NGC guys right? Right?


No. No, not at all, you don't have to believe NGC on much of anything.

I see a coin with wonderful luster and what looks like a smashing strike. Were I the gambling type, this is one I'd risk a Benjamin on, in order to crack and resubmit to PCGS. It's close to a $300 coin in MS65.
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Jon K's Avatar
United States
723 Posts
 Posted 06/05/2011  6:36 pm  Show Profile   Bookmark this reply Add Jon K to your friends list Get a Link to this Reply
Dave, I would expect the dealer to have the wherewithal to do exactly that.
These guys do not appear to be a bunch of chumps, this looks to be top notch outfit.
I ain't biting in any case (sorely tempting though), but I bet a Ben will not he enough.
You wanna go halfs?
Hmmmmmmm . . . . . How would we make that work?
Edited by Jon K
06/05/2011 6:38 pm
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Jon K's Avatar
United States
723 Posts
 Posted 06/05/2011  9:31 pm  Show Profile   Bookmark this reply Add Jon K to your friends list Get a Link to this Reply
$111.00
I didn't buy it. Dave, was that you?
I suppose we will never know . . . . .
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