Registry Fever? A 1945-P Jefferson Nickel PCGS MS67

You bid $456, and it sold for $888.

 

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Your bid $950, winning bid $2750.

 

The 1945-P War Nickel is the toughest to get in high grades.
But apparently I bought long enough ago and got lucky, so the cost wasn't that high.
My MS-67 cost me $332.
And I got a MS-65FS for $91.
Real bargains(?) by today's standards.

 

A nice deal!! :smile

 

Actually, the answers can be found in the thread. RLM looked up the auction lot and posted the price realized of $3,738. It is a very difficult coin to price which was his point and I had the same problem when I was deciding how much to bid. After researching previous PCGS 1945-P MS67 Jeffersons, I found a coin with similar toning which sold recently for $1,150. I made that my bid price. Here is a link to the Bowers & Merena auction listing:

http://www.bowersandmerena.com/auct...sessionno=1&catno=275&searchstring=&lotno=191

I really thought my bid was a competitive bid. After all, it is extremely rare for a non full step Jefferson Nickel to eclipse the $1,000 barrier unless it is a rare die variety. I can only recall a handful of times this has happened. To have my competitive bid crushed and the sale price be over 3X my bid is amazing. The registry fever must have struck a few collectors hard who needed an MS67 for their PCGS registry set. I don't often criticize other collectors for their bids on toned coins, but in this case I feel compelled to state that they overpaid for the coin.

What say you guys?

 

Thats a lot for a nickel that looks like the reverse was run over a few times. Color is nice though.
Guy~

 

I guess it goes to show you what a few spots can cost you.

 

WOW.....it looks like to people got caught in a bidding war. That is CrAzY money in my opinion.

 

Quite frankly, I'm not surprised. It's just insanity. I'd like to refresh some memories, when in a previous thread I stated that "registry fever" is making some collectors just offer ridiculous money for the sole purpose of gaining in a point based contest, without any justification by rarity. Yes , this is a beautiful specimen, but as Lehigh pointed out, even a knowledgeable and adept "toned" collector pauses and says WHAT! It's the CRAZY EDDIE syndrome. It's not even a "star".

 

I can relate to that!

 

$3.7k? Wow. The right two people really must have wanted that coin.