High Reserves on Lower-Tier Slabs


overgraded_auction

There is no need for high reserves on coins slabbed by lower-tier holdering companies. One recent Proxibid auction had dozens of such lots.

Below is a prime example. A 1935-S MS66 Peace dollar is a true rarity.

1935S
We can’t be sure from the photo, but this may be a polished or cleaned coin. NGC has only graded 3 coins higher than MS66. A true MS66 1935-S coin would be worth $3500.

We would bid no more than $25 on this coin, mostly for the silver value.

To learn more about grading companies, see numismatic expert Susan Headley’s article, “Grading Service Tiers.

The more you know about coins, and where to verify worth and condition, the farther your Proxibid dollar will go!

Proxiblog is an independent entity with no connection to the auction portal Proxibid. Our intent is to uphold basic numismatic standards as established by the American Numismatic Association and the National Auctioneer Association and to ensure a pleasurable bidding experience not only on Proxibid but also on similar portals such as iCollector and AuctionZip.

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