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Need some help understanding the Mercury Dime Market.
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<p>[QUOTE="jnelcar, post: 1241308, member: 26543"]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.</p><p><br /></p><p>Is there any reason for this aside from the classic " two bidders wanted it "? </p><p><br /></p><p>[ATTACH]132900.vB[/ATTACH][ATTACH]132901.vB[/ATTACH]</p><p><br /></p><p>Would this coin qualify as full split band, and if so does that explain values at multiples of red book?[/QUOTE]</p><p><br /></p>
[QUOTE="jnelcar, post: 1241308, member: 26543"]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 "? [ATTACH]132900.vB[/ATTACH][ATTACH]132901.vB[/ATTACH] Would this coin qualify as full split band, and if so does that explain values at multiples of red book?[/QUOTE]
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Need some help understanding the Mercury Dime Market.
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