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1958 Franklin Half Dollar PCGS MS67+ FB CAC sells for $110k at auction
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<p>[QUOTE="Gregg, post: 3200102, member: 90419"]Kurt Vonnegut once hypothesized that modern art was a conspiracy between artists and rich people to make common people feel stupid. That is, the ridiculous money offered for splashes of paint on a canvas was a joke and the wonderment of the common folks was the punchline.</p><p><br /></p><p>When it comes to the valuation on artwork there is a point where show and ego take something well past the real value of the item. Go ahead and crack that coin out of the case, take it to numerous local dealers and get your best offer. Would you even break $1,000.00? That is the actual value of the coin right there <i>- the pomp and circumstance that surrounds millionaires and questionably graded coins in slabs is all well and good but has no connection to the actual value of a coin.</i></p><p><br /></p><p>The auction was 110K realized for ego and appearances.</p><p>It had little to do with the actual coin.</p><p><br /></p><p>Am I new to the hobby and speaking out of turn?</p><p>Perhaps, but I find that scams are pretty common across the board.</p><p>This was likely nonsense to raise the standing of PCGS during a time of crisis.[/QUOTE]</p><p><br /></p>
[QUOTE="Gregg, post: 3200102, member: 90419"]Kurt Vonnegut once hypothesized that modern art was a conspiracy between artists and rich people to make common people feel stupid. That is, the ridiculous money offered for splashes of paint on a canvas was a joke and the wonderment of the common folks was the punchline. When it comes to the valuation on artwork there is a point where show and ego take something well past the real value of the item. Go ahead and crack that coin out of the case, take it to numerous local dealers and get your best offer. Would you even break $1,000.00? That is the actual value of the coin right there [I]- the pomp and circumstance that surrounds millionaires and questionably graded coins in slabs is all well and good but has no connection to the actual value of a coin.[/I] The auction was 110K realized for ego and appearances. It had little to do with the actual coin. Am I new to the hobby and speaking out of turn? Perhaps, but I find that scams are pretty common across the board. This was likely nonsense to raise the standing of PCGS during a time of crisis.[/QUOTE]
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1958 Franklin Half Dollar PCGS MS67+ FB CAC sells for $110k at auction
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