I Want To Understand This Mystery

Generally described as "technical grading" (the ANA Grading Standards) and "Market Grading" I wanna it to be a MS93.

I usually date the start of the apocalypse as when ANA sold ANACS to Amos Press. I get they couldn't make the $1M+ investment to be competitive with PCGS and NGC. I get there was always a little itchy feeling as to how a grading service meshed with ANA's educational mission. But up until 1990, you could always trust that ANACS was grading according to ANA Grading Standards (even if you didn't like the grade they gave you).

 

Log in or Sign up to hide this ad.

I have definitely searched some old bank rolls of 64 P and D Kennedys. Though I have never sent a coin for grading, I have seen many slabbed. Does someone have a link to the auction? By the way I have a couple of 64D Rosies with this same orange toning and they are spectacular in hand.

 

It was in my Great Collections email today. I have already deleted it, but I am sure you can find it on GC.

 

I'm sure glad I never got hooked on the hard stuff (slabs). My collection is centered around working class coins.

 

https://www.greatcollections.com/Coin/965444/1964-D-Kennedy-Half-Dollar-NGC-MS-68-Toned

 

To answer the original question, it is a combination of the toning, the TPG blessing, and the desire to have the top registry set that drives the price. Given that the toning isn't spectacular and that it is a top pop (only one at NGC and there is also one at the same grade at PCGS), the registry ranking is likely the main component of the price. The PCGC MS 68 had nicer color and it sold at Legend in 2016 for $22,325 (link below). So I think the NGC coin will still see more bidding beyond the $4,700 level.

https://legendauctions.hibid.com/lot/23363381

 

Some folks have horse pucky for brains........that's just plain stupid money. When the apocalypse hits it'll go back to 50 cents.

 

I agree with Lehigh, the one sided toning and a nearly untouched coin, I think that the originality of the coin speaks for itself.
I wouldn't pay that kind of money.

 

You're correct, as I recently reported here of acquiring a mid-teen quantity of U.S. "Top Tier" TPG certified modern Gold Dcam/Ucam/MS70 coins.

I cleared the open market of availability for these coins, where the current lowest price offered, generally exceeds my greatest price paid, to acquire the winning lot for ~$5000.00!

I believe pragmatism exceeds seemingly vanity!

JMHO

 

IMHO this coin is what i call a ego feeder and status getting coin

see i never got into the ego/status route, i'm a simple guy who looks for things that get his notice and fits a budget

i'd pass on this coin even if i had the cash as i can think of better things to spend that type of cash on

 

Time will tell, time will tell. But I’ll say this, I don’t think he paid that because he likes it that much. We’re going to see this again, whether beaned or not, I just got the feeling.

 

I don’t understand it as well. I have several 64s but of course not graded but I think some out there and of course not just coins, want the “high” end. I know there are many out there one can trust but so many taking advantage. I get leery to list anything because I’m reverse someone may try to swindle me. I’m chicken lol!

 

I do think it is not the smartest thing to do, but it is just people being people. I'll do everyone a favor here, and not express my 2 pages of thoughts on this.

 

For those wondering, the coin ended at $14,076.14...lower than the PCGS result but well above the $5k it was sitting at when the thread started.

 

Forget about floating on water, that coin would have to float in the air for me to even consider paying that price. I’ll have look up a coin for which I paid that much and post a picture. It won’t be a Kennedy Half Dollar or any other modern coin.

Time was only PCGS graded modern coins brought “stupid prices.” I guess NGC is bringing them too.

 

By definition if two or three or four people are willing to pay that much, it's not stupid money.

You had three bidders (6, 7, 8) put in what they thought were nuclear bids only to have 9 over top them. That's how an auction should work. And we have no idea what bidder 9's top really was (also how an auction of this type should work).

 

This 1796 Dime has a Grey Sheet value of $12,000. Which coin would you rather have, this first dime or a 1964 JFK half dollar?



I paid $100 for this PR-67, Cameo 1964 JFK half. Do you think that the coin in the OP is worth almost $14,000 more?

 

Personally? 1796.

But if my thing was Kennedy and I had to have the finest Kennedy set in the land...

 

Until they grade one MS-69.