Was this Franklin a bargain?

Discussion in 'US Coins Forum' started by MKent, Aug 13, 2016.

  1. MKent

    MKent Well-Known Member

    https://www.ngccoin.com/certlookup/3772744-007/

    I won this for under $14 shipped. I don't collect Franklins but this looked better than 64 to me and I know one of the Grandkids will get it. I am going to put together a set of Franklins in an album probably in various grades as I don't want to spend a fortune. I have always found this design to be a favorite of mine because it is one of the oldest coins I remember from my childhood still in circulation. Easy to spot with the Liberty Bell so prominent. I still don't know why I didn't collect when I was a kid.
     
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  3. rickmp

    rickmp Frequently flatulent.

    IMO, you paid a fair price.
     
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  4. Dancing Fire

    Dancing Fire Junior Member

    CDN bid is $20 you paid a bargain price.
     
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  5. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    I wouldn't call it a bargain. You got it for a fair price.
     
    MKent likes this.
  6. SuperDave

    SuperDave Free the Cartwheels!

    One benefit of your coin is its' relative scarcity in Full Bell Lines. 1953-S and 1963-P are brutally difficult to find in FBL, and (judging from PCGS Pop data) your 1958-P and 1952-S are in the next tier of rarity. PCGS has graded only 15% of 1958-P submissions as FBL. For comparison, there are more 1958-D's in FBL than non-FBL coins....

    That makes a non-FBL coin more liquid, and frankly judging from auction prices the value of a FBL example seems somewhat depressed. There must be sufficient extant examples to satisfy demand.

    Not poorly bought, not stolen, but one which could appreciate faster than other examples the moment demand pressure increases.
     
    MKent likes this.
  7. longshot

    longshot Enthusiast Supporter

    I checked mine, I bought a PCGS example in the same grade for $28 in March of 2013 on ebay. I think you did just fine. (otherwise I did poorly)
     
    MKent likes this.
  8. Paddy54

    Paddy54 Well-Known Member

    Well if you factor in grading cost and how nice the coin looks you did very well.
     
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