Message:

<p>[QUOTE=&quot;ddddd, post: 3251823, member: 22377&quot;]Here is some more conversation on this coin, including Brian Raines saying he owned it as an MS 66.</p><p>——————</p><p>Here are some very interesting responses on Facebook.</p><p><br /></p><p><a href="https://www.facebook.com/groups/784750518257889/2038237742909154/?comment_id=2039005899499005&amp;reply_comment_id=2038262842906644&amp;notif_id=1543408969434606&amp;notif_t=group_comment&amp;hc_location=ufi" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.facebook.com/groups/784750518257889/2038237742909154/?comment_id=2039005899499005&amp;reply_comment_id=2038262842906644&amp;notif_id=1543408969434606&amp;notif_t=group_comment&amp;hc_location=ufi" rel="nofollow">https://www.facebook.com/groups/784750518257889/2038237742909154/?comment_id=2039005899499005&amp;reply_comment_id=2038262842906644&amp;notif_id=1543408969434606&amp;notif_t=group_comment&amp;hc_location=ufi</a></p><p><br /></p><p>Transcript for those that aren&#039;t on FB:</p><p><br /></p><p>November 28 at 1:43 AM</p><p>This recently sold 1958 Franklin Half, graded PCGS MS67+ FBL brought a jaw-dropping $129,250! This was just at 10X the published PCGS Price Guide value of $13,000 and some $110,000 over the estimate. Described as &quot;the BEST and wildest 1958 Frankie in existence. &quot; I agree!</p><p><br /></p><p>11 Comments</p><p>36Neil Bodana and 35 others</p><p><br /></p><p>Joshua Ramos You were the owner?! Wow! Congratulations</p><p><br /></p><p>Peter Lang I wish! Legend Rare Coin Auction sold it to some lucky person.Maybe too Dell Loy Hansen!</p><p><br /></p><p>Joshua Ramos Peter Lang oh I misread! Haha time for bed!!</p><p><br /></p><p>Chris Simpson Many conversations have already been had on this coin. A friend owned it in 6 holder and sold it a while back. Then someone, somehow got it into a 7+ holder and the bidding went nuclear for some reason. It&#039;s now starting to trickle-down pump the overall toned BS Frankie market which is nice but my buddy was upset to say the least. I pity the buyer new buyer. Not really though because the winner, I&#039;m sure, has FU money to burn and when he can&#039;t get close to what he paid when he eventually sells it, he probably wont care..</p><p><br /></p><p>Joshua Ramos Chris Simpson agreed and yup sucks for the friend... I had a similar situation with a 1921 Morgan I bought in an NGC 64, cracked and sent it to PC, went 65 and I sold it and found the same coin a couple weeks back in a 66 holder... it sucks...</p><p><br /></p><p>Peter Lang... Many buyers who buy coins like this at high prices (Or not high) never intend to sell them. They enjoy looking at their collection too much. Many end up becoming heirlooms. That&#039;s when the selling starts!</p><p><br /></p><p>John A. Zieman Jr. Sweet coin for sure, but to me, not worth $100,000+. I rather own so many other coins before owning this one. Plus, the color will evolve, so what looks pretty today will be different and maybe not so pretty 5 or 6 or 10 years from now(toners). At least a say 1895 Morgan will be an 1895 Morgan forever and rarity is what it is. Hey one day, color might fall out of fashion and those premiums will disappear. Look at the MS-70/PF-70 craze...</p><p><br /></p><p>Tony J. Lopez John A. Zieman Jr. Exactly. It was obviously a BSD contest but long term this has the potential to tank since it is missing the intrinsic value of date rarity to sustain it’s value over time. Would love to see a pic of this coin from 25 years ago to compare that toning.</p><p><br /></p><p>Brian Raines This “was” my coin. I got it back from pcgs in a ms66fbl holder. I did not want to sell it when another dealer asked a price on it. My price wasn’t high enough and he bought it. I came up with a number that I figured would make him go away. He resubmitted it to pcgs and it came back 66+fbl. Then he sold it for modest profit and then it got resubmitted through legend, whereby it came back 67+fbl. I made money on the coin but am not happy with how legend and and another person gets another 1 1/2 points in grade.</p><p><br /></p><p>Jason Wendt Part of the grading game. Legends and PCGS are in each other’s pockets. At least with NGC their folks can’t be dealers and graders. NGC is a much more honest company in my eyes.</p><p>PCGS board of directors can also be coin dealers.. major conflict of interest that hurts everyone.</p><p><br /></p><p>Joel W Shartzer Yes, one PCGS board member works for heritage auctions. You can figure out the rest.</p><p><br /></p><p>Chuck Matheny I have seen it multiple times. Even from the early days. I cracked out a sharp MS64 rattler and sent it in to pcgs. It came back bodybagged as cleaned. So 6 months later,Teletrade was offering free grading thru PCGS with a large consignment. They sent it in and it came back as MS 66. That left a sour taste in my mouth. Someone sent it in and it got 64,then I sent it in and its bodybagged. Then a major auction sends it in and its ms 66. Only a 600 dollar difference in the grade I got and the grade the major auction got but wow.</p><p><br /></p><p>Tony J. Lopez Brian Raines how many X has the value increased by gradeflation?</p><p><br /></p><p>Brian Raines Too many to mention</p><p><br /></p><p>Lance Tchor Brian Raines Legend did not get the grade, the consignor got the grade!</p><p><br /></p><p>Robert Risi So what if down the road it gets into a 68FBL holder? Would the rich pockets shell out 1/2 million bucks for it. Crazy!!</p><p><br /></p><p>Darren Jewru Bartz Not this coin again which is a 64 at best</p><p><br /></p><p>Richie Stinchcomb The key to this particular coin is the strike/detail quality! It was struck with fresh new dies. Actually, the reverse is the key as a large percentage of these coins were struck with proof dies on the reverse. The fact is this is a very high quality business strike piece made from proper dies. There are tons of coins that may look better, but they were probably struck from retired proof reverse dies.</p><p><br /></p><p>Garrett Frisina Richie wow I agree with you.&nbsp; </p><p>This coins is every bit of a 67+ with or with out the color. Grading companies aren’t perfect, they are first to admit it. However they have helped and continue to help our industry 10000x over. I wouldn’t have it any other way. We actually may not have an industry if it wasn’t for them. Let’s not forget that TPG came in part from need. That need grew from many (not all but many dishonest dealers - ripping off and Deceiving collectors/investors)</p><p><br /></p><p>Marwan Alayan That’s a lot of money, everybody practice is their business investments differently, I think it best this is an MS 66 , I’m so sick and tired of people resubmitting coins for a higher grade it truly isn’t fair and I believe it’s very bad business practice</p><p><br /></p><p>Darren Jewru Bartz Not close to a 66,,, 64</p><p><a href="https://us.v-cdn.net/6027503/uploads/editor/7c/4vhjck59dvrm.png" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://us.v-cdn.net/6027503/uploads/editor/7c/4vhjck59dvrm.png" rel="nofollow"><img src="https://us.v-cdn.net/6027503/uploads/editor/7c/4vhjck59dvrm.png" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></a></p><p><br /></p><p>Marwan Alayan Darren Jewru Bartz No no you’re hundred percent right, I just don’t see any detail, I don’t know where the hell they got that price from I wish I had clients like this LOL</p><p><br /></p><p>Darren Jewru Bartz It is sad and I know what you mean about people sending pieces in 20 times! At least one of our major coin doctors is now sitting behind bars but he was just one</p><p><br /></p><p>Richie Stinchcomb Marwan Alayan, resubmissions kill the market as well. The grading industry needs a standard, not one that floats all over the board and it becomes a guessing game!</p><p><br /></p><p>Marwan Alayan Richie Stinchcomb you are spot on accurate, they need to spend a few more seconds looking at the high grade big Coins, it’s obvious they take pictures of them they’re getting paid for it I don’t understand why they can’t spend an extra 10 seconds this is the astronomical error on the part of PCGS,This is a $5000 coin</p><p><br /></p><p>Marwan Alayan Paul M Stutz It just seems like they have no problem taking the money for your submitted currency, but they’re not spending enough time on each individual coin they need to hire more graders</p><p><br /></p><p>Paul M Stutz Marwan Alayan Perhaps you are correct my eyesight is bad now so I can not grade even with glasses I miss seeing the details {<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" />[ whaa In my 20s 30s Loved getting coins at sweetmeats from people selling dads or uncles collection not knowing what they had? However with my eyesight then I was knowing the quality of what was there by site but good things do not last forever. Now it even hard to see the date on a coin I know well .</p><p><br /></p><p>Brian Raines I knew when I bought it that it was pretty baggy. I hoped for a 66+fbl though.</p><p><br /></p><p>Maxwell Gregory Brian Raines how many times did you submit the coin?</p><p><br /></p><p>Brian Raines Maxwell Gregory ince</p><p><br /></p><p>Brian Raines</p><p>Brian Raines Once, I didn’t have it long enough for a resubmit[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in