1964 PR67 Kennedy

Can anyone explain to me why this coin fetched $321...?

http://www.ebay.com/itm/Glowing-196...D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557

 

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The toning

 

Just a bidding war over a pretty coin.

 

But $321 on a $30 coin??

 

Based on the bidding history, it appears that two of the bidders were trying to outbid one another, and were so caught up in that battle that they didn't consider that a sniper might do them both in. The sniper had the advantage, hands down, because the others didn't know he was there until it was too late.

Chris

 

Someone wanted to win the war.

 

That's what nice toning can do to the value of an, otherwise, ordinary coin.

Chris

 

I don't collect Kennedy's so I don't know the answer to this question.
BUT I get the impression that the strike on these coins, even the proofs, was generally weak.
So the PF-67 grade was a plus.

Is that so?

 

kanga, I don't think so...the PCGS population of the PR67 is 3,921
http://www.pcgs.com/cert/80633173

 

Attractive toning makes an otherwise normal coin very unusual. What people consider attractive is an individual taste, but there is a very strong market across basically every series right now for toning that has the right look.

 

I get the toning...but 10-12X the going price on a hoarded, very common date?? I just don't get it, but thanks to all.

 

You have to be able to tell the difference, between natural and unnatural toning also.

 

Although I would not know the difference.

 

It may be a very common date but try and find a similarly toned one. If you are looking for a certain type of toning very few dates in any series will have a substantial supply

 

Shill bidding that was unsuccessful. Watch to see if this coin is up for sale in the near future.

 

Well, this particular coin very much surprises me to see in a "righteous" slab. It certainly doesn't look natural to me - the pattern and color progressions are all wrong.

 

I'm not 100% convinced. This seller is one of the biggest in terms of toned coins. Many consign to him and plenty bid in his auctions. Now it is possible that a consignor outbid everyone and will have it up for sale on their own ebay account.

 

I would say it is questionable but not blatant enough to be rejected. Plus it has the secure plus shield, so PCGS has spoken!