Case Study: 1938-S PCGS MS68+ "FB" Dime $364,250 - Everything that is Wrong with Our Hobby

Sounds like my frigging high school. Wait, these are adults, right? Well, it’s worse than my frigging high school. A lot of people need to grow up.

 

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I guess. No 100 grand franklins. Darn. Wanted grandbabies the have much treasure. Thanks. Me and my sisters were wondering. Well they don't even care. I'm the coin person.

 

I'm not trying to be a downer. I can (and do) appreciate original coins. I'm just trying to give you an idea of the market for this stuff.

 

Good to know in the future

 

I beg to differ. The half has lovely toning, flashy PL surfaces, and an attractive finely-detailed design (look at the hair!). The larger size is also nice.

 

I agree. Anything smaller in diameter than a dime, then I am much more reliant on a loupe. Larger coins I usually grade without magnification and then go back over with a loupe to see if I missed anything.

 

I get it. No harm. Was asking. I can hope for the best. But that big money franklin now this 38 murcury has got me thinking. I have both those years.

 

5 of each

 

Both were not business strikes, not proofs. Unfortunately the proof market (save perhaps for cameo coins and toners) isn't doing as well as the business strike market. Some collectors shun proof coins. Unless you need the money or will in the next few years, really want to get rid of the coins, or the coins are top pop/cameo/toners, this is not the time I would sell them. The market on this stuff is horrible. We are getting close to the mid/late 1990s pricing of a lot of classic U.S. coins.

 

I'll never open. I'm jusr sad my momma did her best for us 5 girls. In 38 there was only 2 of us. !!!!!!

 

Hey if you got the money, then yeah it is a FB, but if it is you or me, then No FB !!! I really think PCGS or NGC tends to decide if is a good idea or not. I also think many of the grader are over grading them coins as well to drive the market up. Not like back in the days when PCGS started their business, that is when they really takes their time in grading and also the grades are more tougher to get higher grades or condition.

 

Notice that HSN, which used to have to rely on IGC for its slabs, now has PCGS and NGC doing grading with special slabs and labels.

Note that I said IGC — not the very legitimate ICG.

 

NGC has the Star designation to designate superb eye appeal. That’s all that we really need, not systematic overgrading based on what the grader feels it is worth.

 

ngc does put a star an coins that are not toned, ex. proof franklins that have usually a cameo obverse and no reverse cameo. i am a new member and have been a coin collector for 50 + years.