Highest Graded 1955 Proof Penny and 1958 Shilling

markn · October 28, 2013, 01:05:23 PM

A couple of interesting auctions finishing today:

1958 Shilling, one of two at MS67.

http://www.ebay.com.au/itm/1958-M-Australia-Shilling-PCGS-MS67-/281192143131?pt=US_World_Coins&hash=item41785b991b&_uhb=1

1955M Penny PR67RD - Single Highest Graded realised US$8100.

http://www.ebay.com.au/itm/1955-M-Australia-Penny-PCGS-PR67-Red-Pop-1-0-Finest-Known-/271302525284?pt=US_World_Coins&hash=item3f2ae40164&_uhb=1

PNC king · October 28, 2013, 03:37:05 PM

top pop coins get the big dollars , from people looking to keep on top of the set registry , which btw is a great idea to settle who has the best sets out there , the grade point average does not lie

Cooper S · October 28, 2013, 03:44:47 PM

I love how they are from los angles

JeffH · October 28, 2013, 03:48:17 PM

I wonder if either will be repatriated? Probably unlikely.

markn · October 28, 2013, 04:08:19 PM

Quote from: 'JeffH' pid='32652' dateline='1382937497'I wonder if either will be repatriated? Probably unlikely.

There's only one person I know that pays that much for Aussie coins that lives in the USA. The others are here. So there's a good chance they'll be coming home.

bellyflorin · October 28, 2013, 04:44:23 PM

very nice proof penny , i knocked off work early to watch that sellers listings , did have a few bids on his silver proofs , bum , bum , bum no hope i should have stayed at work lol

robbiegal · October 28, 2013, 04:47:29 PM

true belly boy

what is that old expression?

don't roll the dice
if you can't pay the price

but it never hurts to have a nibble, just in case you get a lucky strike

where do these blokes get the money?
these auctions are certainly one way to make a person feel totally inferior

dcoin · October 28, 2013, 05:25:30 PM

If they don't make it home now they will eventually I'm sure as most collectors of australian coins live in Australia (I assume) with a smattering (when it comes to pre-decimal coins) residing in the US, Canada, UK and Hong Kong.

nealeffendi · October 28, 2013, 05:53:10 PM

I spotted that stuff days ago and put in bids on most of it. Didn't win any as too rich for my blood. Whoever won that shilling at $3800 was really intent on winning, he had 2 higher bids just in case. So what will Maccas show for gem next year?

robbiegal · October 28, 2013, 07:13:50 PM

I believe that these PCGS prices do not influence Maccas one iota

nealeffendi · October 28, 2013, 07:26:06 PM

Quote from: 'robbiegal' pid='32677' dateline='1382949830'I believe that these PCGS prices do not influence Maccas one iota

They should, they represent the top of the market. May as well drop the Gem pricing column as for many coins the cream has been slabbed and what hasn't been slabbed has problems. Even if choice raw coins are out there their value is what they are worth slabbed and not the other way round.

emu666 · October 28, 2013, 08:43:00 PM

Quote from: 'nealeffendi' pid='32683' dateline='1382950566'
Quote from: 'robbiegal' pid='32677' dateline='1382949830'I believe that these PCGS prices do not influence Maccas one iota

They should, they represent the top of the market. May as well drop the Gem pricing column as for many coins the cream has been slabbed and what hasn't been slabbed has problems. Even if choice raw coins are out there their value is what they are worth slabbed and not the other way round.

Or perhaps just replace the unc, choice etc by the Sheldon scale. After all that is the system being used by those who pay the big prices for condition-rare coins.

dcoin · October 28, 2013, 08:56:33 PM

Quote from: 'emu666' pid='32690' dateline='1382955180'
Quote from: 'nealeffendi' pid='32683' dateline='1382950566'
Quote from: 'robbiegal' pid='32677' dateline='1382949830'I believe that these PCGS prices do not influence Maccas one iota

They should, they represent the top of the market. May as well drop the Gem pricing column as for many coins the cream has been slabbed and what hasn't been slabbed has problems. Even if choice raw coins are out there their value is what they are worth slabbed and not the other way round.

Or perhaps just replace the unc, choice etc by the Sheldon scale. After all that is the system being used by those who pay the big prices for condition-rare coins.

I don't think you can use the Sheldon scale for copper as much, as so much has to do with colour and often people pay very different amounts for a coin graded the same, i.e. a 64RB coin can be almost fully brown or almost fully red.

Maccas price's aren't too far off, the problem is some grading used by 'SOME' dealers and auction houses is just way way off. When coins which are graded acurately actually appear they come close to catalogue prices.

I bought in a nicely toned silver coin into an auction house once and was told they would call it UNC with original old tone, but the auctioneer told me he would be happy to dip it for me and call it blast white choice UNC and it would get a better price at auction, I have never consigned anything with that auction house following that and am very weary buying from them. Had it been consigned it probably would have made the catalogue UNC price which would be right on, problem is that it would have been described incorrectly.

PCGS prices can be super high because it is condition rare, the other difference is coins become FDC not GEM in many cases, and Maccas doesn't have FDC prices for most coins.

trout · October 28, 2013, 10:15:57 PM

Quotebut the auctioneer told me he would be happy to dip it for me and call it blast white choice UNC and it would get a better price at auction

You should of kicked him fair in the Nuts just for the suggestion :ok:

PCGS doesn't have a Vested interest in any of the coins they grade.
They simply call them as they see them :angel:
I am SOOO tired of the "Old School" dealers that dip and polish coins simply to improve the saleability of their coins.

I have bought many a coin "Slabbed" and it has been assessed by experts not shysters and I feel comfortable with these coins in my collections :good:
The Major TPG's are making the run of the mill dealers and eBay sellers very nervous because they can't compete and rip off buyers anymore, and IMHO that is a good thing :wavemulticolor:

wwwww · October 28, 2013, 10:38:18 PM

Quote from: 'dcoin' pid='32692' dateline='1382955993'I don't think you can use the Sheldon scale for copper as much, as so much has to do with colour and often people pay very different amounts for a coin graded the same, i.e. a 64RB coin can be almost fully brown or almost fully red.

It's only on occasion you get an RB for a coin with 90% red that fetches well beyond an RB price. Most of the coins the Sheldon system does fine. There's also a problem around AU58 too, the range of the grade it too big: you can get coins which are otherwise MS63 but with slight wear or harshly marked coins with only traces of wear and they both make AU58.

At the end of the day, a price reference is only there to provide a baseline value - if the coin has some quality superior to the average example of the grade, then expect to pay more.