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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: 3200154, member: 90419"]I don't care what millionaires do with their money; however, <i>basing 'value' on how they handle their money isn't a terribly reliable way for common people to gauge our expectations and it is a silly way to establish the value of a coin.</i> (1)</p><p><br /></p><p>To get 110K for a stepped on Fake Peace Dollar all you have to do is get two people with way too much money to start a fight over it. Toss in some ego, and little glitter, and BOOM.</p><p><br /></p><p>Do you remember this guy?</p><p><br /></p><p>[ATTACH=full]828028[/ATTACH]</p><p><br /></p><p>That is Any Warhol and he was an absolute master of making stupid stuff like this appear valuable:</p><p><br /></p><p>[ATTACH=full]828029[/ATTACH]</p><p><br /></p><p>Idiotic pictures in grotesque colors aren't really worth millions of dollars - because if you think they are worth that I can show you entire warehouses of this garbage that are for sale for pennies - literally pennies. The Andy Warhol crap goes for the big bucks because it isn't just the picture but the mystic/marketing/hype that adds value (for people who value that). With a Warhol painting you're getting a $5 painting with millions of marketing BS and a dealer who will affirm your purchase is a good idea.</p><p><br /></p><p>If you really think that Half is worth 110K then if you owned it would you break it out of it's capsule and offer it to dealers at a show? How much would you expect to get? The figure that just appeared in your mind is closer to the truth than this 110K nonsense. Again, if people want to spend 110K on hype that is their business and not mine.</p><p><br /></p><p>Hype is fine, mind you, I just don't have the cash to pay for it.</p><p><br /></p><p>I'm guessing there and not making an accusation.</p><p>My guesses are based on the behavior I've seen from other hype machines.</p><p>It is good business, if you're into that sort of thing.</p><p><br /></p><p><br /></p><p><br /></p><p>NOTES</p><p>----------------------------------------------------------------</p><p>1: Again, I'd like to make clear that how people choose to spend their money is their business. I'm not even critical of the person who bought this coin - hey, at least they aren't hurting anyone with the funds.[/QUOTE]</p><p><br /></p>
[QUOTE="Gregg, post: 3200154, member: 90419"]I don't care what millionaires do with their money; however, [I]basing 'value' on how they handle their money isn't a terribly reliable way for common people to gauge our expectations and it is a silly way to establish the value of a coin.[/I] (1) To get 110K for a stepped on Fake Peace Dollar all you have to do is get two people with way too much money to start a fight over it. Toss in some ego, and little glitter, and BOOM. Do you remember this guy? [ATTACH=full]828028[/ATTACH] That is Any Warhol and he was an absolute master of making stupid stuff like this appear valuable: [ATTACH=full]828029[/ATTACH] Idiotic pictures in grotesque colors aren't really worth millions of dollars - because if you think they are worth that I can show you entire warehouses of this garbage that are for sale for pennies - literally pennies. The Andy Warhol crap goes for the big bucks because it isn't just the picture but the mystic/marketing/hype that adds value (for people who value that). With a Warhol painting you're getting a $5 painting with millions of marketing BS and a dealer who will affirm your purchase is a good idea. If you really think that Half is worth 110K then if you owned it would you break it out of it's capsule and offer it to dealers at a show? How much would you expect to get? The figure that just appeared in your mind is closer to the truth than this 110K nonsense. Again, if people want to spend 110K on hype that is their business and not mine. Hype is fine, mind you, I just don't have the cash to pay for it. I'm guessing there and not making an accusation. My guesses are based on the behavior I've seen from other hype machines. It is good business, if you're into that sort of thing. NOTES ---------------------------------------------------------------- 1: Again, I'd like to make clear that how people choose to spend their money is their business. I'm not even critical of the person who bought this coin - hey, at least they aren't hurting anyone with the funds.[/QUOTE]
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1958 Franklin Half Dollar PCGS MS67+ FB CAC sells for $110k at auction
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