I Just Had an Ephiphany..
or how I continue to analyze things long after they no longer need to be analyzed.
Okay, going back a few weeks, you may recall I had bid on a 1918 AU58 Mercury Dime that cataloged for about 60.00. Now I understand listed prices should only be used as a rough approximation but the price was listed across numerous current pricing guides, including NGCs, during the period of the Ebay auction.
Well, the coin eventually closed at a whopping 160.00 or so which far exceeded that 60.00. I couldn't figure out, at the time, why that occurred. It suddenly came upon me last night.
PCGS with its new category of circulated sets may be the reason a bidding frenzy ensued for a ho-hum coin. Since AU58 is the top of the circulated chart (unless you get a plus), that would explain why so many otherwise sane people (Heck, I even bid 100.00) would drive that coin so high.
I may be wrong but I think I'm on to something.
Go Steelers!!!!
To see old comments for this Journal entry, click here. New comments can be added below.
0 Comments
Recommended Comments
There are no comments to display.
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now