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One More Data Point on US Coins Price Increases-1930 SLQ
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<p>[QUOTE="Publius2, post: 7944509, member: 105571"]There has been a lot of chatter on the Forum in recent months about increases in coin prices. Here is one more data point from a Great Collections auction last night. I was watching this one but it got way past my limit for this particular coin. Of course, one point does not make a trend but I think this is emblematic of what we are seeing overall.</p><p><br /></p><p>Anyway, this is a very nice 1930 SLQ, PCGS MS-66 FH, CAC. I have included several photos of the coin including some poorly-focused closeups (sellers photos). It is, IMHO, a very nice coin with a blast white but original (probably) surface. It hammered at $2850 ($3206 with the BP). Now, as nice as this coin is, the full head is more of a Minimum Full Head than either a Sharp or Ultimate. The shield is nice for having shield lines but it is still missing rivets. The eagle's breast has weak feathers. And, it appears that there is some kind of a ding in Liberty's cheek and neck. (How did it get a 66 CAC with that?)</p><p><br /></p><p>So, for a year and mint that is notable for having strong and even exceptional strikes and where 50% of the coins are known full heads and where blast white and lustrous examples are common (per J.H. Cline, <i>Standing Liberty Quarters,</i> 4th Ed., 2007), this is not a particularly exceptional example.</p><p><br /></p><p>The CDN <i>Rare Coin Market Review</i>, a quarterly publication that lists retail prices for CAC coins, says the MS-66 FH CAC has a value of $1690. (I know; price guides are lagging indicators and no good anyway but that is only true to an extent). </p><p><br /></p><p>So, the subject quarter sold for almost double the listed value in the price quide. Now, it's not too unusual for a exceptional example to command a premium price over the price guides, but is this coin an exceptional example? As I stated above, I don't think so.</p><p><br /></p><p>There were 49 bids on this coin with 8 bidders but only 4 of the 8 participated in the final run-up of the bids.</p><p><br /></p><p>Is the auction price of this quarter a one-off or an example of a heated market? My conclusion is a bit of the former but a lot of the latter. Comments?</p><p><br /></p><p>BTW, in the other coins that I was watching in this auction, gold half eagles 1834 to 1861, I saw some pretty heated hammers for mediocre coins.</p><p><br /></p><p><br /></p><p>[ATTACH=full]1375631[/ATTACH] [ATTACH=full]1375632[/ATTACH] [ATTACH=full]1375633[/ATTACH] [ATTACH=full]1375634[/ATTACH] [ATTACH=full]1375635[/ATTACH] [ATTACH=full]1375636[/ATTACH] [ATTACH=full]1375637[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="Publius2, post: 7944509, member: 105571"]There has been a lot of chatter on the Forum in recent months about increases in coin prices. Here is one more data point from a Great Collections auction last night. I was watching this one but it got way past my limit for this particular coin. Of course, one point does not make a trend but I think this is emblematic of what we are seeing overall. Anyway, this is a very nice 1930 SLQ, PCGS MS-66 FH, CAC. I have included several photos of the coin including some poorly-focused closeups (sellers photos). It is, IMHO, a very nice coin with a blast white but original (probably) surface. It hammered at $2850 ($3206 with the BP). Now, as nice as this coin is, the full head is more of a Minimum Full Head than either a Sharp or Ultimate. The shield is nice for having shield lines but it is still missing rivets. The eagle's breast has weak feathers. And, it appears that there is some kind of a ding in Liberty's cheek and neck. (How did it get a 66 CAC with that?) So, for a year and mint that is notable for having strong and even exceptional strikes and where 50% of the coins are known full heads and where blast white and lustrous examples are common (per J.H. Cline, [I]Standing Liberty Quarters,[/I] 4th Ed., 2007), this is not a particularly exceptional example. The CDN [I]Rare Coin Market Review[/I], a quarterly publication that lists retail prices for CAC coins, says the MS-66 FH CAC has a value of $1690. (I know; price guides are lagging indicators and no good anyway but that is only true to an extent). So, the subject quarter sold for almost double the listed value in the price quide. Now, it's not too unusual for a exceptional example to command a premium price over the price guides, but is this coin an exceptional example? As I stated above, I don't think so. There were 49 bids on this coin with 8 bidders but only 4 of the 8 participated in the final run-up of the bids. Is the auction price of this quarter a one-off or an example of a heated market? My conclusion is a bit of the former but a lot of the latter. Comments? BTW, in the other coins that I was watching in this auction, gold half eagles 1834 to 1861, I saw some pretty heated hammers for mediocre coins. [ATTACH=full]1375631[/ATTACH] [ATTACH=full]1375632[/ATTACH] [ATTACH=full]1375633[/ATTACH] [ATTACH=full]1375634[/ATTACH] [ATTACH=full]1375635[/ATTACH] [ATTACH=full]1375636[/ATTACH] [ATTACH=full]1375637[/ATTACH][/QUOTE]
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One More Data Point on US Coins Price Increases-1930 SLQ
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