A local auction company had a coin sale today, and since I was busy at work I had to settle for browsing the results on their proxibid site. I was particularly interested in a 1929 D Merc that the auction co. had listed as AU condition. The red book prices an AU50 at $25. Imagine my surprise when I saw that it sold for $150. That is double the red book for an MS65. Is there any reason for this aside from the classic " two bidders wanted it "? Would this coin qualify as full split band, and if so does that explain values at multiples of red book?
It looks MS to me and does have Split bands but not worth that much even at MS64, maybe at MS65 for full retail.
Contrary to the others I don't think it would make FSB. As for the price - bidders who don't know what they are doing. People over-pay for coins every day.
I think it's a bit short of FSB. I'll guess MS-63 from the image. Looks like someone really overpaid to me.
