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<p>[QUOTE=&quot;Gregg, post: 3200288, member: 90419&quot;]So the guys that put an estimate of $15,000 on this were just stupid and completely out of touch with the high end coin market?&nbsp; Clearly this particular auction caught a lot of knowledgeable people off guard. </p><p><br /></p><p>If the value on this coin was so obvious its selling price probably wouldn&#039;t be a news item.&nbsp; It is the oddball, the exceptional things that make the news.</p><p><br /></p><p><br /></p><p>I&#039;m not a TPG hater (or a CAC hater) by any means; however, I think you&#039;ve downplayed the situation in this case.&nbsp; Of course slabbed and CAC coins get a premium but we&#039;re talking about a 100X premium here and that is something altogether different.</p><p><br /></p><p>What you&#039;re claiming here is this: For people to realize that a $250.00 coin is actually a $110,000.00 coin it must be in a slab. </p><p><br /></p><p>To me that seems a bit crazy.</p><p><br /></p><p>There is nothing wrong with hype - of getting caught up in the moment - of enjoying the bright lights and media attention - of beating out another millionaire for a slabbed coin.&nbsp; That literally isn&#039;t wrong.</p><p><br /></p><p>To deny hype played into this is an odd way to go.</p><p><br /></p><p>Again, just crack it out of the slab and let me know what would expect to get for the coin.&nbsp; That pretty much ends the debate, IMHO.&nbsp; Present the same coin in a SEGs slab - or submit it to PCGS in a SEGs slab for regrading and see what you get.</p><p><br /></p><p>Nothing wrong with slabs, or paying a premium for those coins, or even paying too much for a Franklin Half.&nbsp; In my very limited understanding of coin collecting I&#039;m just not willing to pretend that this auction was something that it wasn&#039;t.</p><p><br /></p><p>Our culture is full of parables about peer pressure or con-men hyping straw as gold and the like because our culture is full of that type of behavior.&nbsp; This looks to be an example of that to me.[/QUOTE]</p><p><br /></p>

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