WHY WOULD SOMEONE PAY ?

MS67PLUS

1979 CLAD QUARTER




I see this quarter sold for $550 last night on Teletrade with the $55.00 buyers fee and $10.75 shipping charges the TOTAL is $615.00 whoever purchased sure goofed as a very prominent dealer has one on his website for $450.00 shipping included. This is definately an uninformed bidder and a case of TELETRADE BIDITIS.

Typetone

Good catch. When I buy on Teletrade, I usually make sure I am buying way lower than where its listed on dealer screens. In fact, I will usually pay a dealer 10% to 20% more than a TT price to avoid the expense of having to possibly send it back. Of course, not all buyers know all the dealers who are listing coins. I'm sure listings get missed. Or, maybe the buyer knew the dealers coin and didn't like it. The coin on TT did look pretty good.

Greg

Whitewashqtr

Yeah.. I saw that too.. Maybe the "prominent dealer" did not have the coin available anymore and his website was not updated. That happens many times.

osirisMMII

And possibly the "prominent dealer" was the underbidder..............

wondercoin

"And possibly the "prominent dealer" was the underbidder.............."

I seriously doubt DHRC bids on Teletrade

Some collector wanted this coin and paid the price. I remember when a certain bidder was also laughed at a couple years ago when he bid the "outrageous" price of nearly $1000 for a 1969(p) Quarter in PCGS-MS67. I sure wish I was that "stupid" Teletrader on that 1969! Wondercoin.

Whitewashqtr

Wondercoin...are you saying that this was a "smart" investment? Where do you see the Clad quarter set going? I ask that from a selfish standpoint who, as you know, is not willing to pay $500 for a clad modern. Please try and answer from a collectors viewpoint if you can.

I am sure as a dealer you love to see these prices. They have been off the wall lately. The 1977D went for almost $500 tonight. We both bid and lost to the owner of this thread. So was he the bidder at $615? Possibly starting to question whether his spending will get him anywhere.

Frankly, I like a cleaner coin than the 79 that was on Teletrade.

clackamas

This starts the entire argument of clad vs silver again. There is maybe 15 cents of metal in a clad coin but a silver coin has maybe 75 cents so the silver coin should be at a premium of 60 cents over a clad coin if your collecting for intrinsic value. Silver is CHEAP and copper someday may surpass it in value. 50 years from now who knows where commodity prices will be. If your hung up on the precious metal thing with coins you should really only be collecting gold. With that said I don't collect moderns as of yet.

wondercoin

"Some collector wanted this coin and paid the price"

These words hardly translate to "smart investment" or "bad investment".

On your other point. I decided to back off the 77(d) quarter because the author of this thread is a very good customer of mine and I also consider him a friend.

A little over a year ago, I owned the #1 MS PCGS Clad quarter set in the country (never registered of course). I decided to let the set go in order to concentrate on the silver quarters only. Wondercoin.

MS67PLUS

Whitewashqtr

To answer your question no I did not bid $615 for the 79-P on Teletrade first of all I already have that coin and at Pop 16 it is not worth that much.I did put a max bid of $600 on the 77-D on ebay and expected to get outbid and was pleasantly suprised when it ended at less than $500 which I consider a bargain for a Pop 7 coin.

cladking

The '79 is actually quite special. I don't like it too much because of the ring
of planchet scratches visible on the obverse. This kills it for me really. Also
the reverse strike has some major weakness and is only in about the 95th
%ile. No doubt, the new owner bought it for the obverse strike, it is virtual-
ly unimprovable. It also was within the first 20 strikes of a new die. The coin
was from a mint set. Nicely struck obverses are very elusive on the '79-"P".

There's a 69-"P" in 67!?! $1000. sounds cheap. I'd want to see it first though.

Whitewashqtr

Wondercoin. You backed off on the 77D because you knew MS67PlUS was going to bid $600 with 6 seconds left in the auction? I just think you tried to get it cheap at $350 and that was all you were willing to pay.. Otherwise.. you couldnt make much of a profit.

wondercoin

"Wondercoin. You backed off on the 77D because you knew MS67PlUS was going to bid $600 with 6 seconds left in the auction? I just think you tried to get it cheap at $350 and that was all you were willing to pay.. Otherwise.. you couldnt make much of a profit. "

Shortly after placing my couple preliminary bids for the coin, days before the auction ended, I got a messsage from Ed that he needed the coin for his set and intended to bid for the coin at the end. As I mentioned, Ed is a good customer and I lost interest in "butting heads" with him on this coin. I would happily pay Ed $610 for the coin right now if he wanted to sell it for a nice profit. And, if he wants to keep his coin, my offer would be good for anyone out there that has a decent 77(d) in MS67 available for sale- just PM me Wondercoin.

Whitewashqtr

Thanks for clarifying.