1958 Franklin Half Dollar PCGS MS67+ FB CAC sells for $110k at auction

I also play around with old cars. The current automotive rage is the “survivor” cars. Grandma bought a Mustang back in the day and relegated it to the barn for whatever reason. Somebody digs it out today... Flat tires, forty year old fuel and oil, dust and grime and sell the old clunker for absurd amounts of cash. I say, for what?

I’ll be a monkeys uncle if this half traded more than $30.00-$50.00 thirty years ago before the TPG’s. A Franklin half valued at the cost of a modest middle class home??? Please!

 

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Oh good Lord. Read my comment! No where did I say every rich guy is Einstein. I said most coin collectors with that kind of money with the exception of course of the one idiot who thought he could make a coin better, are typically well versed in coins and know what they are doing.

 

I don't think they blindly trust but when it comes to one of those coins, who cares about grade?

 

Some know what they are doing and others think they know what they are doing because a dealer/broker (who has a financial interest in the relationship) helps convince them that they are doing what is right.

 

As I said some opinions are wroth FAR more than others.

Where's the proof of that? Hypotheticals are just that for a reason, I actually see them as harmful unless someone has actual evidence of countless attempts.

Not when it's just a supposed we have no confirmation of it nor the time frame it occurred in.

None of the grades really much much anyway. Once it was given a gem grade the color has been the main price driver. TDN explained it very well today in the CU thread.

Quite a lot. Many others would love to if they could actually afford them.

Why not? Because it's a franklin it can't have value? This is the exact type of ignorance I have been pushing back on

 

The problem is you're trying to have a rational discussion and running into grudges, biases, egos, and very likely some jealousy all over the place.

 

As someone who deals in old cars, thank God for this. Or is it wrong to profit from supply and demand? If I have a rusty shell of a 68' fastback, darn straight I don't let it go for under 10k. The demand is there and that is what creates value.

Like this coin. There was apparently demand for it and that increased its value. I don't see the problem.

 

Didn't you present the hypothetical that pluses weren't around when it was a different grade? We can't know either way as we don't know when it was first graded.

 

Idk why I bother. This thread is absolutely a waste of time.

 

No, hypotheticals are what if this happened with no evidence. It's not up to someone to prove a negative aka the 66 shouldn't have to be disproved after plus grading when no evidence has been presented it ever existed at all much less when it was graded.

 

Nor did I say that they were all idiots. You made a blanket assumption, and I provided a single counterexample because it is very possible that the two bidders on the half simply had more dollars than sense. I don’t know why you are so butthurt about it.

 

I don't have a problem with it either. I may think the price was high, but if the market dictated that price, then I'm perfectly fine with it. I also hold no ill-will for the person that made a profit on the coin.

My issue-and that of some others-is that the grading was inconsistent. And it wasn't over a large time period either or on a coin where the price in the higher grade didn't matter.

 

It honestly is. It's truly a great example of the most disgusting part of the hobby. Instead of people being excited that multiple collectors love Franklins enough to set a record price we've had people want to just tear the series down, claim to be better graders than JA, trash everyone involved, say it doesn't matter if they've ever seen the coin ect.

No wonder so many completely avoid forums

 

I really don’t care about how much money a person has or what they can afford to buy. It is their money and their problem, not mine.

 

Several people did present evidence on the PCGS forum of seeing it as a 66. No pictures yet, but more than one person who saw it in the lower holder.

And fine the point about the pluses wasn't a hypothetical- it was speculation.

 

These two statements are conflicting.

 

Ok so what are you going to do about it? It is so much a bother but yet you will still buy coins in a PCGS slab. Your concerns aren't going to be heard on this forum. That's why this conversation over this coin is pointless. Stop paying any sort of a premium for a PCGS coin. Get them graded through NGC. Do something that actually hurts them rather than talking about it here. I don't mean to sound harsh. Just tired of this thread. I've made my points and defended them but doesn't seem like it makes a difference.

 

How so?

 

Because you sound like, in the first statement, that you do care what people do with their money.

 

In a way that I don’t want them to lose huge amounts of money. But if they lose $100000, it is not my problem. It is not my money.