Opinions? 1928-S Standing Quarter

67's should have complete shields.

Ruben

 

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You're entitled to your opinion, but many of them do not. Strike is only one component of a coin's grade. And if a coin is otherwise essentially perfect, why should the lack of a complete shield knock more than three points off of the assigned grade?

 

Just for what it is worth, the phrase "You're entitled to your opinion" is standard flame bait and considered rude in most circles on the internet. In addition, it is redundant, of course I'm entitled to my opinion, and so are you unless your posting from Communist China.

Specifically on the topic of SLQ's, the ANA guild supports your assertion in that it says that an MS67 should have a normal strike for the date and mint. That being said, I shopped for almost 2 years for a SLQ and wouldn't buy an MS67 without a good shield strike.

There are so many, even the rarities of this coin isn't a rareity.

 

I hope that you pick the coin up for less than 400$, hey the economy is still pretty weak, lots of people have been selling off parts of their collections, last time I went to the local coin store there were 6 people in there with large amounts of coins selling them.
It was heartbreaking to see the sad looks on some of their faces. Another shop I go to the dealer said, finally someone buying and not selling! So this might be a great time to pick up some bargains.

 

If the seller consigns to Heritage, he has to pay a seller's fee and the buyers will incorporate the buyers premium into their bids. Not to mention that his photos are about the best I have ever seen. No way any auction house would take a better photo than he already has. The value of this coin has nothing to do with the strike or even if it is good for the grade. The toning will dictate the price of this coin, plain and simple. For those that don't know, finding attractively rainbow toned SLQ's is almost impossible. A fantastic photograph is essential to maximizing sale price on a toned coin. This guy has mastered that part of the game. I am always on the lookout and I have only found 4 that I liked enough to buy. Here is my 1924 MS67:




I will not tell you guys the ridiculous premium that I paid for this coin, but for those that recognize the photo, I am sure you can imagine.

 

Now that 24 is beautiful ! A terrific 67 And your are more likely correct with the toning factor dictating the price realized for the 1928 coin, I am simply not of the opinion it's going to realize a premium added sum of $5OO.OO even with the fact that rarely you find an attractively toned SLQ. I kinda look in two directions when I purchase coins that will demand a premium. My personal desire for the coin, and will the premium paid standup in 5-10 years and prove to be a sound investment vs taking that $500.00 and and making another acquisition for my collection. It's always a gamble, and I know you like the thrill of going "all in" lehigh. LOL

Now there are a few CT members going to participate in the bidding on this coin. Three days left, bid at three hundred and change. I still think this coin can be had for 7-800 dollars. This is going to be interesting to watch for sure. Know when to hold em, know when to fold em and of course know when to make a bold dramatic move. Sometimes, you can accomplish that without going " all in ". Best of luck to all bidders.

 

What is the difference in % in the seller fees vs say Heritage and Ebay?

 

The sellers fee on Heritage is 5%, but you have to take the 15% buyers premium into consideration as well. Basically, Heritage gets 20% of every transaction. The seller gets 80%. That has to be much higher than E-Bay & Paypal fees.

 

Depending upon 1) the value and desirability of the consignment; 2) the knowledge level and negotiating skills of the consignor and 3) the reserves (or lack thereof), the sellers' fee can easily be 0%. And in many cases, a consignor can get more than 100% of hammer. For example, a number of large sellers get approximately 105% of hammer, in which case the auction house still makes 10%.

 

Mark,

I think you are way over simplifying that proposition. Those considerations are reserved for consignors who are consigning many thousands of dollars worth of coins or are repeat consignors with a long history of loyalty and profitability. I work in the casino industry which has all but perfected the practice you are talking about. Unless Heritage fears they will lose a high value consignment to another auction house, I doubt any concession other than waiving the 5% sellers fee would be offered. This seller has a nice inventory, but my guess is that he would have to consign most of it to get the deal you are talking about.

 

That makes sense Lehigh. I am certainly aware of Heritage fees and of course the recently added N.Y.S. tax . I am unaware of the ebay fees. Thanks.

I had a look at this sellers inventory, and your correct, he does have a nice listing. Mark is also correct with the processes of fee negotiating with heritage, however as you pointed out those concessions are made for long standing customers. Joe the plumber won't qualify.

Last I looked the ebay item was at $570.00......away we go! Good bidding guys.

 

I wasn't implying that this particular seller could get better than a 5% seller's fee rate, as I have no idea what would be included in a consignment from him. Yes, typically the consignment must be "many thousands of dollars". However, I believe that a 0% rate is quite a bit more common than you seem to think, and ditto for rates that involve more than 100% of hammer going to the consignor. I'm not just guessing here. But rather, speaking based on conversations with collectors and dealers who have consigned, as well as personal experience from having consigned numerous times for clients.

 

Here's an example of what I consider a fully struck SLQ.
Not only does it have a full head, but the rivets are all there and appear to be fully raised.
Plus even the shield's center shows all the lines that should be there.



I'm showing the reverse for grading purposes.
If you can keep from peeking down to the bottom of this post, grade this coin.
The grade will be down at the bottom.



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PCGS MS-64 FH

 

personally, I think that the coin is undergraded

 

That can be a dangerous conclusion to (try to) arrive it based on an image.

 

Most coins submitted by Mr Joe Q Public are only company like Heritage & Stacks to name a few get real good grades. us public type get the MS-65 or the Pr-68
while the large submitters get MS-68 & PR-70
*this is just my opinion

 

It's not always the case, but frequently, the large submitters are more expert and skilled at grading. That, plus the sheer numbers of coins they submit, make it perfectly understandable (and in fact, expected) that they receive more high grade results than those who submit small quantities of coins. There need not be any favoritism or conspiracy to explain such results.

 

agreed, but Kanga suggested we grade it and the image was all that I had to go on.

 

I am sorry but I disagree. I am just the average submitter and I have got many top pop coins. It is the skill of the submitter and not who submitts the coin that will determine the grade.

 

absolutely gorgeous, and i'll 2nd " I think it's under graded.".