17th coin graded by PCGS sells on GC for 6 figures!

I missed the point. The big attraction that this is 17th coin which was graded by PCGS. It has no attraction for me. Even if it were the first 1794 dollar struck, which is the reason why a collector broke the then record of $10 million for a coin, the attraction would be of limited for me. I’d rather just have one rather than paying a huge premium for the first one.

 

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Does anybody know the answer to sensible sal's question? that coin shows a number of 002. Is that significant in the slab order for NGC? James

 

I try not to get too "rattled" by people who pay big money for stuff like that. Of course for them, what they wanted, was the holder and its low certification number. People pay premiums for low serial numbers on currency, with 00000001 being the holy grail. I used to make fun of people who'd pay big bucks for beenie babies. I had to tell myself that collecting those stuffed rags was their thing; like myself collecting coins.

 

I would get one, but there are a lot of people on GC who will take a mile when you give them a millimeter, many hanging out in the rattlers. God forbid they cone across a CAC gold Rattler, that'll certainly up their ego. Then they'll pass up the ANACS soapboxes, some of which contain incredible coins.

The ANACS soapboxes are another subject. I've managed to get a decent deal on those, one being a 1953-D DDR quarter in MS63 for $27 and some change.

 

That might be the ugliest 6 figure coin on the planet.

 

I think you might be underestimating the economic stratosphere some of these people live in. If Bezos for example only earns 1% on his assets, the $119k dropped on this $100 coin is less than half an hour's interest. They don't care whether it makes any financial sense. It's literally pocket change.

 

002 just means it was the second coin in that submission, the first 7 or 8 digits being the submission number. I think that post was tongue in cheek because it's an older NGC slab.

 

I think it's crazy for people to make that much, while others haven't even heard of $119,000. Bezos or Musk could own literally every coin in the world that sells for over $1,000,000 and not think twice about it.

I may be biased since I'm not into historic slabs, but even if I was, I'd never spend $119,000 on something like this. If I had that much to spend, I'd own a kilo of gold and a cabinet full of guns 'n' ammo right in front of the gold.

Funny thing is, I have an 1881-S in MS63, exactly the same grade as this one, just lacking the CAC. Ain't nobody gonna pay the extra $118,990 for my blue slab though.

 

@KBBPLL . thanks for that answer. I know little to nothing about TPG number meanings. James

 

I think NGC is the only one that does it that way. I've seen those last three digits go up to 500 on a bulk submission. When you do a cert verify, you have to enter the entire number plus the grade on the slab. They're also the only ones that require the grade.

 

The grade is only required when looking up certified coins on their web site, but it’s no longer required when using the NGC iPhone app.