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Message:: [QUOTE="satootoko, post: 18650, member: 669"]Knowing absolutely nothing about California Territorial Gold except what I can read in the Red Book, I feel very confident in stating that this coin in its NGC slab is worth exactly what it would be raw, or in a PCGS, ANACS, or ICG slab.  Anyone buying this level of coin is relying upon their own judgment, or that of an extremely trusted advisor, and not on the opinion of an anonymous employee of a TPG, even one of the big four. In this case the zero feedback doesn't concern me a bit.  This is a well known, reputable dealer in high end material embarking on its first voyage on the Bay of EEEEE, with no expectation whatsoever of making a sale.  The listing fee is being charged to their advertising budget because they expect (probably with some justification) that the media will pick up on the sale and give them a lot of exposure. My 2003 Red Book values the coin at $11,000 Unc. (i.e. at MS60).  Any coin is worth what someone will pay for it, and there is someone out there willing and able to pay a lot of bucks for an SP69 example of a coin valued in five figures at MS60.  If Bill Gates and Warren Buffet both decide to go after it, the sky is literally the limit. This is essentially one-of-a-kind, ownership of which will give someone both huge bragging rights, and an armed guard to stand next to it while on display at a major coin show.[/QUOTE]