That's a crazy jump. Mine, unfortunately is an MS64 and retails for $525. Think it has an upgrade shot? I don't, but dang that's a HUGE value increase!
The people who grade coins at the major grading services are well aware of the price jumps that occur from tiny increases in the grade. In the old days, it was really hard to get “threshold coins” into the next higher grade. They don’t hand out those special grades like popcorn. When I was dealer, I handed an 1879-CC dollar a couple of times that was in an MS-64 holder. The coin the was really close to MS-65, and perhaps if had been a common date, it would have made it. I never tried to upgrade it because I figured it won’t work and didn’t want to mess with a coin that was already worth several thousand dollars. Today the Greysheet spread goes from $7.750 in MS-64 to $21,000 in MS-65. Your coin is really close, but it’s got some spots that look like "water marks" and few tick marks, some of which may have been on the planchet before it was struck. What is really holding it back is the strike. It is missing some design detail in the centers on both sides because the coin was lightly struck. Note how much design detail is missing on the eagle's wing. That’s probably why this date is so expensive in MS-65. To make that grade, the coin must be outstanding in every way, including the state of preservation and the strike. Of course, some day “grade-flation” might turn it into an MS-65, but if that happens the prices will come down.
I don't see this getting into a 65 holder. Strike and marks make sense for a 64, not a 65. On top of that, the TPGs will "protect" a grade that is a huge price jump over the next lower grade. Unless it's been in your collection for a long time, chances are it has been considered for a regrade many times already.
The 1925 S Peace is one of, if not the hardest Peace dollar to find in gem grades. Strikes were usually pretty weak, even on the op coin we see that with the weakness in the hair. Im ok with it at 64. I bet the luster makes up for some of the contact marks.
The crack out crowd has a wild imagination sometimes. Congratulations on the phenomenal sales results!
P.S. Maybe they thought it would get a plus which would increase its value 2x. They don't need a 65 to make a lot of money. I still struggle to see it as a 64+.
If you made a profit on it, then it doesn't matter what the buyer does with it. To me it was closer to a 63. So congrats on the sale. I understand about the weak strike concept, but to me it's just an excuse and should figure into the grade negatively.
Be careful when relying on True Views. While the strike will show fine, TVs often hide marks and understate luster. It can make comparisons very difficult especially when subtle differences can literally mean thousands of dollars in potential value.
That's what sets the gems apart I think. There are far fewer fully struck specimens out there. To be considered gem they must show full strikes.
Indeed. Someone is going to try it for a 64+, which itself is a big premium over 64. I wouldn't be thinking so from the images, but someone saw the old holder. The thing is, that generation of holder I've always thought was generally graded more loosely than others, and surviving ones aren't going to be the best ones. I don't know if anyone else has that impression.
