I had posted thes thoughts in another forum and thought, maybe, there mught be some interest here: Anyone else watching the FUN auction? Believe me, I have NO IDEA anymore about error coin values and believe that, as an investment, error coins are only better than the US stock market as an investment. Just a brain dump. I would love some feedback: 1. Caps continue to erode in value. A nice cent cap sold for about $300. At one time a cap was a centerpiece item and now sell for less than good clips and cuds. 2. There seems to be a lot of buffalo nickel o/c's on the market. I'm surprised the values seemed to be holding. Must be more collectors than I realized. 3. I thought the dime on 1/10 Balboa was a real bargain - too bad I'm tapped these days. Maybe others have this problem. 4. Modern major varieties seem to be doing well (e.g. 1960 sd/ld, 1943/2). 5. In general ANACS slabs are a serious price hindrance. 6. Why did this sell for a grand: http://tinyurl.com/hjp8bsp Thoughts?
I'm surprised it sold for so little . . . the planchet on which this coin was struck was probably unique, or nearly so.
5. I like the old white ANACS slabs but not the current ones. And PCGS and NGC are a must to get top dollar at auction. 6. It looks like it was struck through cloth as well. That's why it went so high. In addition, I noticed, and have talked about in other threads, that Seated Liberty coins took a bath.
That Cent would have hammered for more if I'd been bidding. Fortunately, I don't have the money so I wasn't bidding.
