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Posted (edited)

When any coin gets graded like this I always ask myself the same question, how much is the plastic case worth? The answer is not a lot (in real terms) so I always avoid these 'professionally graded' examples. You are often paying a large premium for not a lot and I know many dealer friends who, upon getting a coin like this, break it straight out of the case.

As for the coin, there are certainly nicer examples out there but those would certainly command far higher prices. As someone who dabbles in proof sovereigns, I would say wait out on this one. 

Edited by SAXON KENT
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Posted

That is surprising as I have a PCGS 1937 cameo65 Proof from the Terner sale that is “only” that same grade but would be an FDC Gem in anybody’s book. Grade inflation?

i see this esp with the 1902 matte proofs 

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