Tonight the second of the two 1976-S Ikes (40% silver) grading MS69 sold for $18,700 (including 10% BP). A few weeks back, Heritage sold the first coin at $18,600 (including B.P.). P.G. on the coins is $25,000. I thought both auction companies did exceptionally well for their consignors. Tonight’s price was impressive considering the top buyer in the country already bought one at the Heritage auction. P.G. shouldn’t exceed $20,000 in light of these 2 public auction sales in my opinion. If the quality standard for this grade stays constant at PCGS, I suspect it will be harder and harder to maintain even a $20,000 valuation moving forward as the coin becomes pop 3, pop 4, pop 5. We shall see. Case in point..
Tonight a 1976-D Ty 1 PCGS-MS67+ Clad Ike fetched less than $11,000 (including B.P.) against a $30,000 P.G. valuation! I owned the coin as the pop 1/0 before this second specimen was recently graded and the price set at $30,000. I personally figured I likely had a $20,000-$25,000 pop 1/0 valued coin. I did not participate in the auction tonight of the pop 2/0 coin. I am not sure what I have now following the sale of the pop 2/0 tonight for just under $11,000.
Straight talk about high grade Ikes here.
Tonight the second of the two 1976-S Ikes (40% silver) grading MS69 sold for $18,700 (including 10% BP). A few weeks back, Heritage sold the first coin at $18,600 (including B.P.). P.G. on the coins is $25,000. I thought both auction companies did exceptionally well for their consignors. Tonight’s price was impressive considering the top buyer in the country already bought one at the Heritage auction. P.G. shouldn’t exceed $20,000 in light of these 2 public auction sales in my opinion. If the quality standard for this grade stays constant at PCGS, I suspect it will be harder and harder to maintain even a $20,000 valuation moving forward as the coin becomes pop 3, pop 4, pop 5. We shall see. Case in point..
Tonight a 1976-D Ty 1 PCGS-MS67+ Clad Ike fetched less than $11,000 (including B.P.) against a $30,000 P.G. valuation! I owned the coin as the pop 1/0 before this second specimen was recently graded and the price set at $30,000. I personally figured I likely had a $20,000-$25,000 pop 1/0 valued coin. I did not participate in the auction tonight of the pop 2/0 coin. I am not sure what I have now following the sale of the pop 2/0 tonight for just under $11,000.
Straight talk about high grade Ikes here.