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1958 Franklin Half Dollar PCGS MS67+ FB CAC sells for $110k at auction
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<p>[QUOTE="baseball21, post: 3202443, member: 76863"]Those were VERY strong prices for most would have guessed at the time. They both reflect a belief in something very special. The auction was just simply more than one person really wanting it and being willing to spend what they needed to for it. If you have the financial ability to spend 100k+ on a single coin getting something you love and will enjoy can often be more important than price. It's been clear for a while that there are people who are willing to spend what they need to for something they love. </p><p><br /></p><p><br /></p><p><br /></p><p>Not being conservative or even ultra conservative doesn't necessarily mean the other period is loose. Loose by comparison yes, but that's different than being actually loose.</p><p><br /></p><p><br /></p><p><br /></p><p>The supposed 66 grade is meaningless if it occurred before plus grading since you can't get a plus.</p><p><br /></p><p>As for the gold sticker I would have been more surprised if it did. I know the currently popular theory for gold is at minimum a coin that would sticker at the next grade, I personally believe it is more restrictive than that and think it's multiple grades with few exceptions. The gold sticker percentage is something like 1 percent of what they sticker and out of that Mercs/Morgans/Commems in the midrange MS are a good chunk of them.[/QUOTE]</p><p><br /></p>
[QUOTE="baseball21, post: 3202443, member: 76863"]Those were VERY strong prices for most would have guessed at the time. They both reflect a belief in something very special. The auction was just simply more than one person really wanting it and being willing to spend what they needed to for it. If you have the financial ability to spend 100k+ on a single coin getting something you love and will enjoy can often be more important than price. It's been clear for a while that there are people who are willing to spend what they need to for something they love. Not being conservative or even ultra conservative doesn't necessarily mean the other period is loose. Loose by comparison yes, but that's different than being actually loose. The supposed 66 grade is meaningless if it occurred before plus grading since you can't get a plus. As for the gold sticker I would have been more surprised if it did. I know the currently popular theory for gold is at minimum a coin that would sticker at the next grade, I personally believe it is more restrictive than that and think it's multiple grades with few exceptions. The gold sticker percentage is something like 1 percent of what they sticker and out of that Mercs/Morgans/Commems in the midrange MS are a good chunk of them.[/QUOTE]
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1958 Franklin Half Dollar PCGS MS67+ FB CAC sells for $110k at auction
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