Question for the VAMpires out there... Is there something with this 1883-CC GSA?

I came across a recently sold 1883-CC GSA graded MS-64 PL by NGC from HA. What shocked my was the price that is sold for. Is there something about it that I am missing?

https://coins.ha.com/itm/gsa-dollar.../1237-8219.s?ic4=GalleryView-Thumbnail-071515

 

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Someone wanted it bad.

 

I'm not aware of any VAM for 83-CC that brings a premium. This one looks like a 5B.

Someone wanted it more than someone who really wanted it bad.

 

The price makes no sense for the coin, and there's no variety worth a premium, so I must wonder if it's the holder, which says "Silver Dollar" rather than "Uncirculated Silver Dollar." Maybe a 64PL is a pop top in that plastic.

 

That's exactly what I was thinking. It make ZERO sense why someone would pay that much for that coin. The pop report for a NGC graded GSA dollar in PL is 633 in MS-64, 204 in MS-65, 39 in MS-66 and 1 in MS-67. My guess is this was simply a fluke and we had a case of two fools and their money. I was just surprised and thought maybe there was a VAM that may be common outside of GSA plastic but was rare in GSA plastic.

 

Good point, I didn't even notice the absence of "Uncirculated"

 

The Lack of UNC means a GSA worked culled out the coin. It would rarely effect value and when it does the non UNC holders usually for for less. Non unc normally has some color but this one doesn't have a ny meaningful color.

Even if it was a 64DMPL, it is prided to high, same for a 65PL, and there are no meaningful 1883-CC GSA Varieties. Just a total stumper.

 

Somebody paid too much.

 

Probably a bidding war with somebody who doesnt like to lose. I know there have been times when I get into a bidding war and I keep bidding knowing very well im gonna get out bid. But I dont want the other guy to get a good deal

 

I posted this on the PCGS forum to see of anyone there had any insight. Nothing much, except that someone from Heritage posted that it ended up being a battle between two well-known dealers that saw the coin in hand before the auction.

 

This is possible

 

Thank you for doing the footwork @messydesk. That sounds like a very reasonable conclusion. Maybe they both thought it was better than 64PL and had a shot at 65DPL.