1914 MS 65 RED - Crazy Bids!

[paulyd59]

During last week's FUN show in Orlando I was bidding online and noticed that a 1914 MS 65 RED was bidding up like crazy! It finally sold fo $3691.88!!

I was stunned! What am I missing here. Why do you think this happened?

[Antiquity]

1914 P or D?

[Maineman750]

Would have to see a link before we could really say much.

[liveandievarieties]

14P is a pretty scarce date in BU Red, even nice Unc browns command over $100 in most cases.

[Brad]

Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 1172, Lot 7305 Sunday, July 15, 2012 65 PCGS $862.50
Auction 1169, Lot 3262 Sunday, April 22, 2012 65 PCGS $1,610.00
Auction 1162, Lot 7400 Sunday, December 11, 2011 65 NGC $322.00
Auction 1159, Lot 3210 Sunday, September 11, 2011 65 NGC $431.25
Auction 29055, Lot 28024 Sunday, May 31, 2009 65 NGC $322.00

Population Guide
Service Grade Population in this Grade Population of Higher Grade Population in All Grades + Mintage Engraver
PCGS Not available from PCGS 75,238,432
NGC 65 44 12 130 -
CAC 65 4 1 7 -

[Brad]

Not very many PCGS examples. Condition Rarity!

[My2cents]

Maybe they thought it was a Proof !!!! Do you have a picture of this mighty 14 ?

[seal006]

Here is the coin the OP is referring to. It is in a stone age slab.

http://coins.ha.com/c/item.zx?saleNo=1181&lotNo=8619

[Maineman750]

Now I really have no idea after seeing it. Maybe it was desperately needed for a registry set ?

[My2cents]

I have an account and blew up the photograph to maximum resolution...that coin is not worth that much...no way , no day , except of course to the bidder who paid for it.

[BadThad]

Looks like someone grossly over paid IMO!

[paulyd59]

Thanks Seal006 for sending the link. As you can see its just a 14P MS65. Definitely not worth what was paid. I had to go back and look at it 4 or 5 times just to make I wasn't missing anything. Strange for sure.

thanks for the input

[Brad]

Maybe they thought it was a Matte Proof? Who knows?

[jallengomez]

Maybe they thought it was a Matte Proof? Who knows?

Or maybe they thought that being in an old school holder, from a time that PCGS was reportedly tougher on the grade, that they could take a chance and resubmit for a 66. But you might be right; Lange states that given the textured fields, 1914Ps are often mistaken for proofs.

[WaterSport]

Sorry, but the price was spot on looking to me. the MS 65 RED version is scarce, just go and try to find another.....

WS