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Another NGC to PCGS Price Jump by Electric Peak Collection

Started by CSJournals-migration,

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CSJournals-migration

CSJournals-migration

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  • Member: Seasoned Veteran
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...and I didn't pay it.

 

As some readers know, I am nearing completion of my main business strike Liberty Seated half dime date and mint set. Of the seventy coins in the Registry set, I still need five, and may upgrade a few others. One of the holes is for the 1865-S. One of the Gardner examples was auctioned by Heritage yesterday.

 

In the Gardner sale just over two years ago, this coin sold for $4406.26 as an NGC MS65 with green CAC sticker. Since then, it got a change of clothes, crossing the block yesterday as PCGS MS65 with CAC endorsement. It sold for $7637.50, making tidy profits for Heritage and the seller.

 

So I go back to a theme about which I have written previously: Is this increase due to the PCGS registry accepting only PCGS coins? In this case, the answer must be a definite maybe. I was the underbidder. In the live session, it started under $5000 (including BP). Had I not bid at all, it may have sold for little more than it did two years ago. Had my last bid won, it would still have been a big increase in price for a coin that would not have gone into the PCGS registry. (I'm only in the NGC registry.) Nevertheless, someone was willing to bid more than I was. I may check to see if it appears in the PCGS registry, and report back.

 

Alan

 

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