1961 50 Cent Franklin Double Die Proof 66 by ANACS

I have a chance to buy this coin to add to my collection. A friend is selling it to me for $4000. He got it after his grandmother passed away. Is it worth it?

Thank you for your input! I am new to collecting and have mostly been buying coins below $20 just for fun and maybe to pass on later in life. Edit: Forgot to mention, he said it is type 1. I have no idea what that means. Any info??? THANKS!!

 

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Greetings Newbiehere and welcome to Cointalk! I am not a Franklin guy but according to the Redbook that coin in PF-65 is listed at $1250. I also have a recent issue of Coin Prices magazine and a PF-65CAM is listed at $3500. Unfortunatly they don't list PF-66+ coins and prices can start getting crazy the higher the grade so it sounds like a fair price but probably closer to full retail I would think.

On a side note sorry to hear about your friends Grandmother. But did she have any other good coins?

Hopefully someone else can chime in with more info here shortly!

 

Thanks for the quick reply. I have spoken to a few local collectors that estimate the worth at about $5000 due to the grade of the coin (They did offer to take if off my hands for a fraction of that price ). However, I have been unable to find a value of that coin in that condition from any other sources. Any suggestions??

 

I would never pay that kind of money in an ANACS holder....

 

Any specific reason?? Thanks!

 

I would only pay that if it was in a PCGS or NGC holder.

 

Some believe that ANACS over grades coins.

Here a link that maybe helpful to you.
http://www.stellacoinnews.com/index...anklin-date-analysis-1961-double-die-reverse/

 

This, a lot to lose especially if it grades a 65...

 

Yes I would agree.

 

I would never buy a coin even if it was in an old anacs holder with a 4000 spread in 65 to 66 unless it was in a NGC or PCGS holder.

 

Yes, if it was mint state. Grading proofs is a crap shoot, i dont care if your the best grader in the world. Put 10 of the best graders in the same room and they will all grade differently

 

I am not say anything about $ & grade or TPG.

If the coin bring back good the good time you can recall of your Grandmother then it is Priceless!:thumb:

 

Although we likely all have some pleasant disposition towards our own grandmothers, I cannot say we feel quite the same about other peoples' grandmothers...

 

when buying proofs, its hard to give an assigned grade since they are hard to grade. Whats the difference between a PR65 and a PR66? I doubt the graders can tell the difference, so.... dont always go by whats on the holder

 

You should qualify that statement so as not to mislead new collectors. The old ANACS, as evidenced by the slab shown, was very good at grading, if not a little conservative, and was consistently the #3 TPGS. It wasn't until the company was sold that it began to fall from the good graces of many collectors.

Chris

 

Just curious, do you not consider it the number 3 TPG currently? I personally rank NGC, PCGS, and then ANACS (although I'm sure a myriad of folks would tell me I have the first two mixed up). I've heard things about ICG, which for the longest time (before joining the forum) I thought was a run-of-the-mill company.

Which TPG will grade your coin regardless of it being cleaned/fake? I know NGC has NCS for authentic pieces, but I heard that there was a TPG that graded cleaned coins/fakes which lead them to be a dubious grader in the business? Does anyone know what I'm talking about or am I just misinformed?