It is often the case that I have a few Gold coins with BIN listings in my Watch List on eBay. These are usually examples of the next type coins I want to add to my type-set of late-19th and early 20th century gold coins from different nations - what I call my Golden Nickels. This is a particular point of interest to me around this time of year when I'm hoping a Bonus or a good tax return will convince Shandy to let me buy one.
One thing I'd been looking at for a long time was a MS64+ 20 Kroner from 1916 - 1916 being one of the higher mintage years for this coin. The NGC population includes about 120 coins with about 22 MS63s, about 25 MS64s, this one MS64+, 56 being MS65, and 1 being MS66.
So this coin was close to the middle of the population, but the population is crushed at the top with all the coins above it (currently) only being marginally above it (MS64+ vs MS65) and only one in existence currently graded over 65 by NGC.
The seller had it listed at $615, which I honestly thought was pretty reasonable in its own right, I just wasn't ready to pull the trigger. Then, Monday night, the seller sends me an offer - for $550. I screen capped this and sent it to Shandy like, "I'm not going to lie, that seems like a good price to me." - the coin has about 0.25 toz of gold in it and it had a melt value right around $474, so that price was only about $75 over melt, about 16% over melt, for a coin that is graded and almost got a Gem Uncirc grade.
To my surprise, Shandy also thought it was a good price, and she likes the look of the coin, so she encouraged me to just go ahead and go for it - we had the cash, even if I don't end up getting a bonus or we don't get a great return.
So I slept on it, then sat down while things were quiet and slow, I looked at the pictures, looked at the seller's feedback, did the Cert# verification and looked at the NGC picks vs the seller's images. Everything looked good, right down to the copper spot near the 2 on the reverse, and I decided to take it.
Yeah, I probably could have gotten an MS65 if I'd waited, but I think the premium would have been higher, I like the look of this coin, and I liked the price, and I think I'm unlikely to regret getting this down the road.
Going back to a conversation with Mike not long ago in discussing MS65 and MS66 coins that have marks that just happen to be in very unappealing locations, I think if that copper spot near the 2 on the reverse was in the middle of the coin or on Christian's cheek I probably wouldn't like it. With it off in the legend by the two, I actually kind of like it for the character it gives the coin from being 106 years old. I think the coin holds up very well under these fairly high magnifications and I'm looking forward to seeing it in hand soon.
Going back to the idea of getting this coin vs an MS65, I suspect there are many MS65 graded examples out there of those ~56 that I'd find less attractive and less appealing than I find this one.