Highest price for lowest grade?
Michael Benveniste
This is the highest asking price I've ever seen for a PO01 of
any coin, anywhere. Can anyone top it?
P.S. No, I'm not in the market for it. Not now, not ever.
--
Mike Benveniste -- m...@murkyether.com (Clarification Required)
Don't succumb to the false authority of a tool or model. There
is no substitute for thinking.
Mr. Jaggers
> http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=280466617260
>
> This is the highest asking price I've ever seen for a PO01 of
> any coin, anywhere. Can anyone top it?
>
> P.S. No, I'm not in the market for it. Not now, not ever.
The seller keeps his identity pretty well hidden to be offering a six-figure
coin.
James the Wary
Bruce Remick
"Michael Benveniste" <m...@murkyether.com> wrote in message
news:fvnrn510l0o4t2bd7...@4ax.com...
> http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=280466617260
>
> This is the highest asking price I've ever seen for a PO01 of
> any coin, anywhere. Can anyone top it?
>
> P.S. No, I'm not in the market for it. Not now, not ever.
>
Nice coloring. I think it should be resubmitted for a CAC sticker.
Personally, my policy always has been, "Never pay more than $308,000 for a
coin unless it's choice for the grade."
Whew!
Mr. Jaggers
What makes you think it isn't choice for the grade? A run-of-the-mill PO01
coin has multiple rim dings and a hole in it.
James the Sentimental
Bruce Remick
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
news:hlkqm...@enews2.newsguy.com...
I thought only slabbed coins with that green sticker were allowed to be
called "choice for the grade" in public without fear of legal action. This
one is a shoe-in to be CAC'ed, considering it appears to have spent much of
its life in a shoe.
Mr. Jaggers
Oh, no, it's been the stock-in-trade of coin hucksters ever since the first
Whitman folder came off the press. No, wait, it started even before that.
James the Barker
Mr. Jaggers
Oh, no, it's been the stock-in-trade of coin hucksters ever since the first
Coinenthusiast
Howdy, James;
As badly porous as this coin is why did PCGS grade and slab it?
Do they slab rarities regardless of condition?
What am I missing here?
Best regards
Dan
Mr. Jaggers
Assuming that the coin/slab assembly is legit, I would say that it has to do
with the coin's "star power." Not only is it extremely rare, it is
allegedly a portrait of George Washington, it's been in the "Colonials"
section of the Redbook forever, has a catchy nickname, and it's copper.
Things that otherwise would be rejected out of hand manage to end up in
slabs if they have a cachet of one kind or other. Here's just one example,
the one referenced in the auction text:
http://www.coinresource.com/guide/exhibit/strawberry_cent.htm
Any one of this coins's many problems - rim bumps, porous surfaces, or
mottled color - would keep, say, even a garden variety 1793 wreath cent from
being holdered, because, in the minds of the graders, there are enough
examples that don't have those defects to satisfy "the market".
Exactly where the borderline is between slabbable and non-slabbable is as
closely guarded a secret as that of the formula for Coca-Cola. Many years
of experience studying slabbed coins will give one enough anecdotal evidence
to have a vague idea where that line is, the operative word here being
"vague". Tons of money have been won and lost, even by experienced
numismatists, by sending coins away for the TPG crapshoot.
BTW, the same 1793 large cent was more recently graded VG10 by PCGS:
http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=6086
EAC grading of this coin would put it at VG8, net G5, scudzy, and that would
be on a good day.
James "But Who Cares?" the Harsh
Jan
cheers
Jan
"Michael Benveniste" <m...@murkyether.com> schreef in bericht
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