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1958 Franklin Half Dollar PCGS MS67+ FB CAC sells for $110k at auction
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<p>[QUOTE="ddddd, post: 3202338, member: 22377"]I agree it’s a special coin, but that offer shows how special some of the experts thought it was: 8k - 10k special; even the seller only saw it as 20k special. It also doesn’t say the grade is accurate. Even the CAC sticker isn’t proof. It does mean JA will offer to buy the coin at his bid price (which is almost certainly a fraction of even the seller’s 20k ask). I’ve also paid strong (or bid high...not 100k or even close to that) on coins that had eye appeal (due to color), but were over graded in my opinion. </p><p><br /></p><p>PCGS having a mix of loose and conservative periods also doesn’t show that the coin was under graded. It shows that they know how to generate revenue. When the submissions start to dry up, a period of loose grading helps bring in more coins. </p><p><br /></p><p>And yes gold stickers are rare, but if the coin was under graded and as special as it’s touted, then it should have been a good candidate for one at the lower grade (especially if it eventually upgraded 1.5 points).[/QUOTE]</p><p><br /></p>
[QUOTE="ddddd, post: 3202338, member: 22377"]I agree it’s a special coin, but that offer shows how special some of the experts thought it was: 8k - 10k special; even the seller only saw it as 20k special. It also doesn’t say the grade is accurate. Even the CAC sticker isn’t proof. It does mean JA will offer to buy the coin at his bid price (which is almost certainly a fraction of even the seller’s 20k ask). I’ve also paid strong (or bid high...not 100k or even close to that) on coins that had eye appeal (due to color), but were over graded in my opinion. PCGS having a mix of loose and conservative periods also doesn’t show that the coin was under graded. It shows that they know how to generate revenue. When the submissions start to dry up, a period of loose grading helps bring in more coins. And yes gold stickers are rare, but if the coin was under graded and as special as it’s touted, then it should have been a good candidate for one at the lower grade (especially if it eventually upgraded 1.5 points).[/QUOTE]
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1958 Franklin Half Dollar PCGS MS67+ FB CAC sells for $110k at auction
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