Best Of

The title of the thread is misleading. I've been quite disappointed many times in my life. Blaming others for your disappointment won't get you anywhere. You were responsible, not Great Collections.

A friend sent me a note on this one; seller had this and lots of raw bad dollars for sale from China.

Obverse barcode didn't scan but the reverse scanned the typical CN PCGS site.

On-line cert had an image and also did have an auction listing.

And the obverse slab comparison to the genuine example:

The twist is that the counterfeiter tried to duplicate a GS lot sticker; it referenced this listing:

And that led to a good image of the reverse to compare:

No end in sight to the "madness"...

There is a segment of the consumer economy that is financially stretched right now. I am seeing in my field a significant increase in credit card usage versus debit, cash. Stock market and 401K holders notwithstanding, discretionary income is thinning out in some areas. It will reverberate down to certain retailing, ebay a prime example.

@allnewsanchor said:
I appreciate everyone's thoughtful input (with one exception thus far). For those who asked, I used the FMV from Numismedia.

For Numismedia FMV, I would only expect up to 75% of that retail number (gold excluded); but there have to be buyers who want that coin in that series.

Any auction can have results from high to low depending on who is watching a particular sale, and of course time of year, and hundreds of other possibilities. Just so I understand, you are upset because your coins didn’t realize what you thought they would?

Great Collections is not (in this case) a retail store where a price is set, they are a platform to sell your coins at what the market deemed appropriate at a given date and time. I don’t see what GC did wrong to you in any way. I do understand the frustrations sometimes when a coin doesn’t “do” what was hoped it would or course, but is it not the market and collectors and not GC for example that the “frustration” is with?

Sorry you are disappointed in your results. I often find price guides to be pretty inaccurate. I would consider recent comparable APRs the best way to gauge the performance of these coins.

The market has spoken and the market is what determines the prices, not price guides.

My guess is that many of their coins are owned by their investment funds. Therefore there is no pressure to sell. The coins may sit there for years. I don’t believe they do shows any more, but they are active participants in auctions.