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1868 PR64CAM Half Dollar
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<p>[QUOTE="Tom B, post: 1971810, member: 11854"]On the face of it, I don't have an issue with this transaction. The coin was purchased raw and might have been worked on prior to submission to PCGS. Also, it might be a "liner" CAM that may not receive the designation if sent in again. Lastly, the visual difference between a Seated half in PR63 and one in PR64 can be awfully small.</p><p><br /></p><p>A PR63 is worth approximately $1,250 and the buyer has not only the $700 into the coin, but also has the certification fees and any associated postage and insurance fees, which might boost the cost to $750 or $775 all-in. While the approximately $500 potential profit ($1,250-$750) might seem like too much on the coin, keep in mind that classic proofs do not typically sell like hot-cakes in most shops. It may very well be that the coin would have to be wholesaled out or sold through auction such as with Heritage. If it sold through Heritage at $1,250 then the consignor is looking at a check for around $1,065 a month or so after the auction. This payout, about a $300 profit, is not really large when taking on the risk of what the coin will grade at and also having to wait for the turnaround time at PCGS, the Heritage consignment and waiting for auction checks to arrive, which might take more than six months total.[/QUOTE]</p><p><br /></p>
[QUOTE="Tom B, post: 1971810, member: 11854"]On the face of it, I don't have an issue with this transaction. The coin was purchased raw and might have been worked on prior to submission to PCGS. Also, it might be a "liner" CAM that may not receive the designation if sent in again. Lastly, the visual difference between a Seated half in PR63 and one in PR64 can be awfully small. A PR63 is worth approximately $1,250 and the buyer has not only the $700 into the coin, but also has the certification fees and any associated postage and insurance fees, which might boost the cost to $750 or $775 all-in. While the approximately $500 potential profit ($1,250-$750) might seem like too much on the coin, keep in mind that classic proofs do not typically sell like hot-cakes in most shops. It may very well be that the coin would have to be wholesaled out or sold through auction such as with Heritage. If it sold through Heritage at $1,250 then the consignor is looking at a check for around $1,065 a month or so after the auction. This payout, about a $300 profit, is not really large when taking on the risk of what the coin will grade at and also having to wait for the turnaround time at PCGS, the Heritage consignment and waiting for auction checks to arrive, which might take more than six months total.[/QUOTE]
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1868 PR64CAM Half Dollar
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