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To buy or not to buy: 1990 no S cent
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<p>[QUOTE="V. Kurt Bellman, post: 2871520, member: 71723"]I know what I think it the problem, but it will drive a lot of people who do a lot of buying and selling straight up a wall. Here it is - I don't put as much stock in auction results for pricing as most people do. I think they're more crapshoot than good guidance on value. It's all about audience and what other material surrounds them. You have to have the right audience for a piece before you can be sure an auction result reflects true value. I greatly suspect that the HA coin you mention suffered not enough attention for some reason. Also, for a date as recent as a 1990 proof coin, PR67DCAM is not a high grade, it's pretty pedestrian. You might have to look awhile to find a lower graded one that straight graded at all. For 1990, 67DCAM is pretty close to a "problem coin" of some sort, and the price reflects that. 69DCAM should be the expected grade.</p><p><br /></p><p>Edit: You got me so curious I went and searched out that coin. It's a hog. The fields area all horribly "orange peeled" and there are butt ugly marks all over it. $2500 was fortunate for that ugloid pig, and 67DCAM was "a gift".</p><p><br /></p><p>I say don't ever judge by a grade alone, and lately that seems to me to be the case more and more at PCGS especially. I frankly neither understand nor agree with PCGS' lofty reputation.[/QUOTE]</p><p><br /></p>
[QUOTE="V. Kurt Bellman, post: 2871520, member: 71723"]I know what I think it the problem, but it will drive a lot of people who do a lot of buying and selling straight up a wall. Here it is - I don't put as much stock in auction results for pricing as most people do. I think they're more crapshoot than good guidance on value. It's all about audience and what other material surrounds them. You have to have the right audience for a piece before you can be sure an auction result reflects true value. I greatly suspect that the HA coin you mention suffered not enough attention for some reason. Also, for a date as recent as a 1990 proof coin, PR67DCAM is not a high grade, it's pretty pedestrian. You might have to look awhile to find a lower graded one that straight graded at all. For 1990, 67DCAM is pretty close to a "problem coin" of some sort, and the price reflects that. 69DCAM should be the expected grade. Edit: You got me so curious I went and searched out that coin. It's a hog. The fields area all horribly "orange peeled" and there are butt ugly marks all over it. $2500 was fortunate for that ugloid pig, and 67DCAM was "a gift". I say don't ever judge by a grade alone, and lately that seems to me to be the case more and more at PCGS especially. I frankly neither understand nor agree with PCGS' lofty reputation.[/QUOTE]
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To buy or not to buy: 1990 no S cent
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