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The King Farouk 1933 double eagle
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<p>[QUOTE="lordmarcovan, post: 25676442, member: 10461"][MEDIA=youtube]P39CJbUH37E[/MEDIA]</p><p><br /></p><p><br /></p><p>Hmm. I did not realize that the Farouk specimen was the only '33 double eagle that’s legal to own. I had assumed (wrongly, it seems) that the rest got legalized when it did.</p><p><br /></p><p><b>The rest of this post is mere (semi-educated) opinion.</b></p><p><br /></p><p>I do not subscribe to the point of view that it's "the greatest coin there is", but yeah, it's cool.</p><p><br /></p><p>[ATTACH=full]1642013[/ATTACH]</p><p><br /></p><p>I see PCGS values it at $22,500,00.00 <a href="https://www.pcgs.com/cert/42095232" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.pcgs.com/cert/42095232" rel="nofollow">on the cert page</a>.</p><p><br /></p><p>However, I've always thought it was overgraded. Liberty's belly and left leg look like she dashed through a thicket of brambles. Her face and neck and the torch suffered, too.</p><p><br /></p><p>And yet it now also has a “green bean” CAC sticker confirming it as not only MS65 (Gem), but also <i>strong for the grade. </i>If you ask me (and I know you didn’t), the CAC bean is utterly pointless on this unique coin. I can’t help but wonder if CAC and PCGS paid the owner (instead of the other way around) for the privilege of slapping their plastic (and sticker) on there? It’s certainly good PR buzz for them.</p><p><br /></p><p>Zoom in on that larger obverse picture. I mean, it's almost like road rash. Did Farouk drop it in a parking lot? <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>[ATTACH=full]1642015[/ATTACH]</p><p><br /></p><p>If you or I sent in a Saint with marks like that, you <i>know</i> we'd be lucky to see a 63- <i>on a good day</i>- with MS60-62 being much more likely.</p><p><br /></p><p>MS6<b>5</b>? <i>Really</i>? I'd call it MS61, personally. OK, the fields are clean. Maybe 62. But I’m not PCGS. Or CAC.</p><p><br /></p><p>Regardless, I don’t think a coin should get a boost to its technical grade simply because it’s famous. <i>All</i> coins of the same type should be graded to the same standard, right? A famous coin rightfully gets a boost in <i>value</i>, but the <i>grade</i> should calculated the same way as with any non-famous example of the type.</p><p><br /></p><p>Of course the technical grade here is as irrelevant as the CAC sticker is. The coin could be graded MS72 or VG08 or even AG03, and multiple people would still fight over the opportunity to pay eight figures for it.[/QUOTE]</p><p><br /></p>
[QUOTE="lordmarcovan, post: 25676442, member: 10461"][MEDIA=youtube]P39CJbUH37E[/MEDIA] Hmm. I did not realize that the Farouk specimen was the only '33 double eagle that’s legal to own. I had assumed (wrongly, it seems) that the rest got legalized when it did. [B]The rest of this post is mere (semi-educated) opinion.[/B] I do not subscribe to the point of view that it's "the greatest coin there is", but yeah, it's cool. [ATTACH=full]1642013[/ATTACH] I see PCGS values it at $22,500,00.00 [URL='https://www.pcgs.com/cert/42095232']on the cert page[/URL]. However, I've always thought it was overgraded. Liberty's belly and left leg look like she dashed through a thicket of brambles. Her face and neck and the torch suffered, too. And yet it now also has a “green bean” CAC sticker confirming it as not only MS65 (Gem), but also [I]strong for the grade. [/I]If you ask me (and I know you didn’t), the CAC bean is utterly pointless on this unique coin. I can’t help but wonder if CAC and PCGS paid the owner (instead of the other way around) for the privilege of slapping their plastic (and sticker) on there? It’s certainly good PR buzz for them. Zoom in on that larger obverse picture. I mean, it's almost like road rash. Did Farouk drop it in a parking lot? :rolleyes:;) [ATTACH=full]1642015[/ATTACH] If you or I sent in a Saint with marks like that, you [I]know[/I] we'd be lucky to see a 63- [I]on a good day[/I]- with MS60-62 being much more likely. MS6[B]5[/B]? [I]Really[/I]? I'd call it MS61, personally. OK, the fields are clean. Maybe 62. But I’m not PCGS. Or CAC. Regardless, I don’t think a coin should get a boost to its technical grade simply because it’s famous. [I]All[/I] coins of the same type should be graded to the same standard, right? A famous coin rightfully gets a boost in [I]value[/I], but the [I]grade[/I] should calculated the same way as with any non-famous example of the type. Of course the technical grade here is as irrelevant as the CAC sticker is. The coin could be graded MS72 or VG08 or even AG03, and multiple people would still fight over the opportunity to pay eight figures for it.[/QUOTE]
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