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

I'll look into that.
I intend to take some grading courses at some point.

 

Log in or Sign up to hide this ad.

I should have said pure technical grading hasn't been a thing. Eye appeal can and will move grades but not in an extreme manner. That said though just counting marks isn't how you grade

 

Yeah, that is a bit of a puzzlement to me at this stage.

I can see where two coins technically graded the same would be far apart in realized prices at an auction due to eye appeal but the eye appeal moving a coin a full grade while having numerous bag marks is... odd, to my way of thinking.

To me that is like saying a used car is actually a new car because the paint job is appealing.

 

Evan already adressed the "bag marks" but this is why you have to see a coin before becoming overly critical. You can see a lot on pictures that really isn't there in hand. You see a picture and its the size of a plate or soup bowl on a computer screen now, that's very intense magnification which isn't how you grade. You can find faults with anything if you look close enough like that

 

It was previously a 66+, not a 66. I wonder if it had a bean then too, LOL?
A coin is worth what someone is willing to pay for it. It only takes two bidders to push the bids through the roof. Two well-heeled collectors, at least, really wanted thi s coin. I withhold judgement, having paid silly money for obscure trade dollar varieties.

 

That coin has ALL-KINDS of bag marks, just because it was in a mint set doesnt mean it was pulled by hand with cotton gloves and placed straight into the O.G.P.
Mint set coins are treated the exact same as business strikes.
Someone must have spiked the Kool-aid

 

Why would anything be pulled with cotton gloves? So it can get extra debris on it?

I do look forward to your peer reviewed expert grading guide for the series

 

This is what i was referring to -

This coin wasnt in cellophane either

 

This is the point that is being missed here. This coin is no doubt a 66+ at best. The dings planchet marks ect.. would no doubt hold it back. Tell me because this coin was last in a 66+ holder. Why didn't it garner the same price at Auction? that is because it wasn't graded a top pop coin.

I have to interrupt myself real quick because the toning on this coin is incredible.

The coin is the same coin no matter which holder or even what the holder says. There is no other justification for it to garner the grade it has except that market grading elevated it above and beyond what it actually is.

Someone from "photos" bought the same 66+ coin that never got any attention in the old slab, which was prolly over graded to start with.
But decided that because it was now a top pop it was worth top pop money. This coin even in hand would show the same marks as the photos do. There is absolutely no reason for it.

Legends Auctions no doubt put this coin at a high realized price because they even new that it was over graded.

To the guy that bought it. I am real sorry for him because what we preach around here is buy the coin and not the slab. And there is no doubt he bought the slab.

 

I think it is funny that this coin got such a high grade when it is clearly missing the '8'. I'm embarrassed for the 'experts' that missed this - I guess marking grading makes up for missing numbers now. You people are sickos.

 

Also-
This coin was actually $129,250 w the juice !!
17.5% BP

 

Someone must have needed it for a registry set........those top pop guys get nuts, and they have more 'mad money' than the good Lord himself.

 

Go say that on the CU forum. Tag @Specialist thats Laura who has already made several comments on the coin and they have a history of rejecting consignments they think are wrong.

As I said far to many people are just saying whatever they want with 0 facts

If you honestly believe you can outgrade PCGS/CAC from a picture you will end up learning the hard way.

Registry is FAR over played. Multiple people saw it and fell in love simple as that. There's only a couple registry guys that just go for top pop and again CAC nullifies the registry or blind buying comments

 

Oh good lord. You haven't read anything I have said. My point is who the hell cares about these little bitty marks that you cant see in hand. My gosh if you hand the coin in hand i guarantee you wouldnt even care. My opinion is that the coin came from a mint set.

This thread is a perfect example as to why the guys over in the ancients section make fun of the US section for everyone arguing over the dumbest and most irrelevant subjects.

Isnt grading an opinion? Ive seen PCGS put some dumb things on a lable but this coin isnt one of those examples. And in the opinon of PCGS this coin is an MS67+. I think people forget the opinion part. Just because it's PCGS or NGC does not make it a law or fact.

Here's the thing: the auction company made money. The old owner probably made money. The new owner has a really neat coin and is probably happy.
The only people unhappy are the strangers on the internet who have only seen pictures of the coin on the internet and believe they are smarter than those working at PCGS and the people with the money to spend 6 figures on a coin. I assume someone who can spend 100k on a coin, probably knows what they are doing. Rant over.

 

Exactly this. The internet egos are out in full force trying to act superior

 

We are going coin for coin here, The coin in the OP has only one thing going for it, and that is the incredible toning, I would like you to look at the surfaces of this coin and tell me that the 67+ featured in this thread is better. Please do so that I can sell you some Kool aid, with a little extra sugar because I know how you like it.

Photo for photo.

The reason that Legend sold this coin was because it has gem eye appeal. It's ridiculous to say other wise.

 

So you've seen both in hand?

Address them directly, they respond to accusations on CU.

 

There is one thing I know, And that is that I have looked at a lot of coins in hand. And have never bought a coin from photos. I have looked at a lot of high grade Franklins Raw and slabbed. I have seen this look many a time (with out the toning) and there is no doubt in my mind that the coin photo'd. The so called 67+ Will show those contact and well disguised planchet flaws hidden below that awesome looking toned coin.
The problem is that it should never have been graded a 67 in the first place.
As for the one in the Auction I posted. It has amazing luster and at least half the flaws, And it sure doesn't have the big gouge above the temple.
I would no doubt pick the second coin for being closer to the grade.

I have no doubt that the coin photo'd is a beautiful coin. And if in the business I probably wouldn't hesitate to sell it myself. I have no beef with Legend.

What I do feel is that this coin will take a loss when it is time to sell it.
Unless maybe it is held for a few generations.
It's already getting a pedigree.

@baseball21

 

I was content on just reading this thread. I've already made my comments but after reading your post you have nerve to say "you people are sickos". I won't even address your comments regarding the "missing 8" as you photoshopped the 8 out of the original picture. How low can you stoop to make your point?

 

Check out the mint mark