" It's the coin "

Thursday February 10 by Claudia bourne
The auction of the SS Brother Jonathan treasure coins was the perfect laboratory in which to test whether buyers base their bids solely on grade, or study the individual coins. At this auction, there were 501 mint state 1865-S US $20 Gold pieces. These Double Eagles were graded MS60 through MS66 by PCGS. If the 142 MS64s, for example, were bought by the holder, each coin would have gone for the same, or close to the same, price.

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