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<p>[QUOTE=&quot;illini420, post: 1743633, member: 19423&quot;]Went to another local bid board that closed the weekly auction on yesterday afternoon. For those of you who don&#039;t have bid boards in your area and still may not understand how it works, Here&#039;s a photo that may help out.</p><p><br /></p><p><img src="http://i294.photobucket.com/albums/mm111/illini420/citibidboard.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> </p><p><br /></p><p>That is what the board looks like at this shop. As you can see, hundreds of coins cover the wall of the coin shop, each with a tag that lists out the estimated grade, the estimated value and the minimum bid. The card also has a place where bidders write in their bid number and their bids as the auction takes place over the entire week. Some of the coins are owned by the coin shop, but many of them are hung up on the board by customers of the shop.&nbsp; Whoever has the high bid on the card at the end of the week is the winner of the coin!</p><p><br /></p><p>This week, I didn&#039;t find too much that I was interested in up on the bid board. There were lots of common moderns that I didn&#039;t need and lots of low grade silver coins that were just priced too high and didn&#039;t quite reflect the recent drop in silver prices. I did find one Morgan Dollar that was cool enough to bid on and I won it. It wasn&#039;t expensive, but I liked the old ANACS slab and thought it had some interesting color to it:</p><p><br /></p><p><img src="http://i294.photobucket.com/albums/mm111/illini420/1884Oanacs63sobv.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /><img src="http://i294.photobucket.com/albums/mm111/illini420/1884Oanacs63srev.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> </p><p><br /></p><p>After the bid board, I stopped by a local coin shop which was on my way home and which I hadn&#039;t visited in awhile. Usually, the shop just has the same overpriced and overgraded raw coins they&#039;ve had for years so there isn&#039;t much need to visit often. However, I&#039;m glad I stopped in as they did have something that made it worth the stop. </p><p><br /></p><p>As some of you may know, I like PCGS graded coins and also like collecting old slabs. Before starting up PCGS, David Hall certified coins as David Hall&#039;s Numismatic Investment Group and sealed the coins in plastic flips (with the coin in a hard plastic holder inside the flip to prevent PVC damage). The shop had just bought several of these flips and I bought a few of them:</p><p><br /></p><p><img src="http://i294.photobucket.com/albums/mm111/illini420/19371cDH.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /><img src="http://i294.photobucket.com/albums/mm111/illini420/19371cDH2.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><img src="http://i294.photobucket.com/albums/mm111/illini420/19545cDH.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /><img src="http://i294.photobucket.com/albums/mm111/illini420/19545cDH2.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><img src="http://i294.photobucket.com/albums/mm111/illini420/19555cDH.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> <img src="http://i294.photobucket.com/albums/mm111/illini420/19555cDH2.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><br /></p><p>For modern proofs like these, I&#039;m pretty sure the highest grade given out at the time was &quot;Gem Proof Mint State 65.&quot; Accordingly, when finding these old flips, you can get some decent deals when you know the coins would grade higher under current standards. For example, the 1954 nickel is graded &quot;Gem Proof Mint State 65.&quot; Today I think it would be a Proof 66 Cameo, maybe even a Proof 67 Cameo. similarly, the cent would probably be an MS66RD today and not just a &quot;Mint State 65.&quot; And of course, the best part is that I think I got these pretty cheap as the dealer didn&#039;t seem to care much about these early holders. </p><p><br /></p><p>:thumb:[/QUOTE]</p><p><br /></p>

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