Yes, I'm still here, and still over-indulging.

Five months ago, I wrote about an 1861 MS66 half dime in the Heritage post-FUN show internet only auction session. It is a 1/0 overdate, but is not certified (PCGS OGH) as such, and was not cataloged as such. I had bid $2500 ($2937.50 with "juice"), not having the funds to go higher at the time. The winning bid was $3250 ($3818.75). The PCGS price guide suggests $5000. Past Heritage results are not especially helpful: a 66+ for $4600 in 2011, three in plain 66 in 2008-2009 ranging from $3737 to $6325, and an old 1994 result.

This same coin was in yesterday's Heritage session at the Long Beach show. The lot description still does not mention the overdate. There was no reserve. I still can't understand why someone would try to turn around a coin so quickly at auction. In such a short time they simply do not appreciate enough to overcome the buyers premium.

In any case, I "won" the lot with a bid of $2400 ($2820). So the consignor lost over $1400 on it. I will be glad to receive it in the near future!

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