It’s the $130k Franklin! Will it reach the same price? Go higher? Or lower? Will it even meet the reserve? https://legendauctions.hibid.com/lot/89896798/50c-1958-pcgs-ms67--fbl-cac?q=1958
Thread from last sale: https://www.cointalk.com/threads/19...ms67-fb-cac-sells-for-110k-at-auction.324310/
It is a beautiful coin. I love the toning. But, it is most likely over graded, and $130,000 for a Franklin? (Pauses to catch his breath).
I still am unable to wrap my mind around a six figure Franklin.... It just astounds me that a market exists for such a thing.
Fortunately I have no interest in colorfully toned coins. That market has held on for several years, but I suspect it will collapse in the not too distant future. I suspect the trigger will be people trying to sell them for more than they paid (which makes sense; why sell at a loss). But when buyers won't be willing to pay that amount the "colorfully toned coins" market will be over.
It would take more than a Franklin for me to consider investing in a single coin, even if I could afford it.
I offered 2,000 sheets of reusable 3/8" 4X8 plywood. Just some fastener holes, other than that, good stuff.
Well, I looked at it and saw there were no bids. So, I thought I would "start the bidding", just so I could say I bid on it. Then I saw that the starting bid was $50,000. While I know that would not meet the reserve, I'm not taking a chance on it. I don't even like toned coins, lol.
I agree with you on the price is crazy. I think it would be in the $400-500 range. The registry deep pocketed collectors drive the price that high.