MS70/PR70DCAM Paradise On E-bay!!

Coinster · July 1, 2002 10:44PM

If you like highest graded moderns, you've got to be in heaven!

I haven't seen this many listed in one shot since the PR70DC Boom of late 98.
Comments?

John

psxchelly · July 1, 2002 11:32PM

I spoke over the telephone to the guy who is selling a majority of them. He simply decided not to collect coins any longer. He apparently also had a wonderful collection of Morgans he sold and a 2 wonderful modern commem sets, one of which he sold as a set.

Typetone · July 2, 2002 1:06AM

Can one of you folks posts a link to this fellow's auctions.

Thank you

Greg

Coinster · July 2, 2002 1:42AM

Here is the link.

Teetelli's E-Bay Auctions

littlewicher · July 2, 2002 1:47AM

Wow, he has an amazing collection.

KAJ1 · July 2, 2002 2:30AM

WOW !!!!!!!!

Look at all those 70's!!!!!!!!!!!!!!!!1

Kevin

Russ · July 2, 2002 4:58AM

You know, I think all this publicity is killing my chances. I just got out-sniped in one of his auctions.

Russ, NCNE

Coinster · July 2, 2002 5:03AM

LOL....As did I

fletch2645 · July 2, 2002 11:53AM

I'm just happy with MS69's or PR69 DCAM's. 70's always seem to elude me and my pocketbook.

michael · July 2, 2002 2:10PM

its all about the money$$ a decision in someones mind told them that now is the time to sell......

people act on what they believe to be true

and with this slabbed ultra hi grade modern stuff its all about the holder, hype and $$$$
and much less about the coin standing on its own merits

nothing wrong with that just call it as it is no need to add more fluff and stuff reserved for humans on metal objects

sincerely michael

wondercoin · July 2, 2002 2:18PM

Michael: Like it's not about the money on classic "pop top" coins. And that classic coin "high stakes" poker game makes this modern stuff look like a game of tiddy-winks

Why don't you try to be unbiased and search out the threads where expensive classic coins are selling and point out how one grade lower costs a small fortune less? Stop trying to play the "easy angle". Try to be objective in your jouralism

Wondercoin.

dbldie55 · July 2, 2002 2:31PM

Let's see. Recently there were two PR70 Ikes in a Heritage auction that the "experts" believed were overgraded. The buyer wanted the grade, and paid dearly for it. If all of these 70's were "real" then the number being graded would not have dried up the way it had, or there are more that are not being given the grade. (you tell me which is correct)

70's are truely a game of the number on the plastic in almost every case. (go ahead and tell me I am wrong, and then explain why they don't give them out anymore).

This is not the same arguement as a MS67 State Quarter being worth 100 times more than a MS66 to the high end collectors of these!

Edited to add: What does this have to do with a large increase in price with one grade point increase in classics. This has to do with phantom grades, not journalism.

Other than maybe Alan, no one here is a journalist, we are all free to give our opinion, even if you do not agree with it. Why do you get so bent out of shape when someone thinks differently than you? You some sort of far left liberal?

wondercoin · July 2, 2002 2:56PM

dbldie55: With all due respect, it gets tiring to have to see your posts directly beneath mine all the time. I'm glad this is a free country too and perhaps you can respect my "space" in the same vein as you enjoy your "rights"

Wondercoin.

dbldie55 · July 2, 2002 3:05PM

If I recall, My name came up in a sentence with Michaels in another thread that neither of us had responded to. Since you obviously felt we were a pair, I felt the need to respond.

Why do you always distort the comments? If a thread comes up on big price spreads with classics, and we (or I) do not respond big deal. Why do you need to bring up the apples when the conversation is about the oranges (or in this case about the bananas)? That is how politics work, not coin collecting!

wondercoin · July 2, 2002 3:12PM

dbldie55: You responded. Fair enough.

I have no interest in engaging in another 5-10 posts with you back on forth. None at all

Wondercoin

keets · July 3, 2002 12:42AM

hey michael, the answer isn't always money, though it may be. i sure wish i had your insight into all these matters because you always seem so sure of why people are doing what they're doing. please keep us informed!!

al h.

braddick · July 3, 2002 12:54AM

Interesting how with Moderns- Love them or Hate them- the conversation is never boring.
When was the last time a "Modern Disenchanter" (don't need the bad press for saying 'hate' or 'basher') brought up an interesting thread regarding 3cent nickels or the various varieties of the 1806 (arrow thru claw) bust halves?

No- it's always 'wasted energy' on State quarters and how "there is no difference between my ten dollar MS66's and your $100.00 MS68's" "I'm so much smarter than you- Nanee-nanee boo-boo.

And the beat goes on. And the beat goes on.
Drums keep pounding a rhythm to my brain. Lada dada dee. Lada dada die...

keets · July 3, 2002 1:05AM

a point well made pat. i have a thread on the U.S. forum concerning a 1898 Indian Head Cent with some bold doubling that i found in the local dealers bin. it moved way down quickly with afew responses from shylock which were a result of us PM'ing to get contact info. he scanned the coin after i sent it to him and my post brought the thread to the top yesterday with a few responses and now it's on it's way to the land of lost threads. i thought i could get a little input from some error collectors or indian cent guys but apparently not. hopefully others will tire of negative attitudes about one collecting area and start some positive discussion about an area that revs their motor up. i'm never expecting but always hoping!!

al h.

link

dbldie55 · July 3, 2002 1:19AM

This thread is not about moderns, it is about MS/PR 70's (big difference). And yes, there is a difference between a MS66 state quarter and a MS68 state quarter, but TO ME! it does not warrant the extra cost. Everyone else is entitled to their opinion, why you believe I should have not one I do not know.

Perhaps we should have rules as to what someone can respond to on these boards to keep other people happy. Perhaps you have to be part of a special group to respond to things.

But since you are so much more keen on this modern issue, why is it that PCGS does not give out 70's like they used to? Obviously you believe that all of the ones that were given deserve the grade (or at least a very large percentage of them). David Hall has repeatedly said standards have not changed, but it would not take much in the way of an time based analytic view of the grades given to determine there is a large discrepency in the number of 70's given now. This has nothing to do with how much people are willing to pay (if you want the grade you have to pay, as no more are given the grade). The fact that buyers of these have decided to keep the grade, even though they know the coin was not deserving shows this. One of this boards very sellers has sold 70's with the description stating that the coin had a fingerprint on it. Doesn't a fingerprint have an effect on a perfect grade? (what should the coin grade without a fingerprint?)

No, this is not a modern bashing thread. This is a thread questioning the "perfect" grade. Since I have never owned one, and probably never will, all of my information comes from threads on this board by the very people you are defending.

I do agree with Keets that no one knows what the motivation is for selling these now. In time we will find out if this was a great time to sell these or not.

braddick · July 3, 2002 1:35AM

Couple points dbdle55 before addressing your question:
-Would you please name a coin- any coin- other than a PR70 Modern, that has received that grade?
I know there is ONE MS69 Chain cent out there and a handleful of MS69 Morgans, but is there any non-modern PR70 coin out there? If not, then you'll excuse my assumption this thread is even remotely related to Moderns! (Also, all the posts above mine are using the word, Modern too).

-I have never ONCE advocated the dismissal of your opinion. Never, ever. No, not once. Mostly, I enjoy it. You're never boring and you are an interesting read.
Please though, allow me my opinion without somehow tieing me in with the same thought of initiating 'rules' around here for posting (?). That must be a hoax on your part as I've also never wanted that either.

I will go after what you write, sometimes- but I've never gone after you, nor would I. What arrogance I'd have to have to presume to do so. And, how rude.

My only sadness lies in not having expressed myself well enough in the past regarding my position on Moderns- scratch that: on "Pr70's", the Perfect Coin. I thought I was clear when stated (Tad's thread as the most recent) that PR70's are a horrible game to play as very few-especially the Ikes I've seen, (admittingly, only three)- were not true PR70's. Even other Dealers/Collectors I've talked with who have seen other PR70's agree they would be hardpressed to call them the Perfect Coin!
((Hey! I think I even used the same verbage yesterday or the day before regarding PR70's!. See? I've never taken the position of defending these coins))

Please don't allow me the last word though, I look forward to your response (and only ask that it is as well thought out as the time I took to respond to you).

keets · July 3, 2002 1:44AM

ya know dbldie, it's not a thread about bashing moderns, and that's what stimulated my responses because when modern coins and sales highs are brought up it brings the bashers out. and contrary to your post, it's not a thread questioning the perfect grade. it's a thread wondering why this seller might be selling. scroll to the top and re-read it. i'm sure if you are interested in his motivation that he will answer your questions if you use the "ask the seller a question" option at eBay. i had a PM session with another member who did exactly that. i understand that not every collector sells for reasons that are motivated by greed but apparently that's a perception not commonly held by all. oh well.

al h.

dbldie55 · July 3, 2002 2:46AM

keets, I was not replying to the initial thread, but a reply that claimed that it was a modern vs. classic response. (basically a reaction to being mentioned in another thread that I had not commented in)

None of my responses have been about moderns, but 70's. Since they are a minor sub-set I suppose you can claim I am bashing all modern coins. I did not bring up what I thought they were worth, that people buying them are "stupid" or anything else. I didn't even speak of the coins from this thread, as I have not even looked at the listings very close. I believe if you want to play this "registry" game, you will need to pony up for these. I don't see any more being made like in the past anytime soon.

For me, agreeing is no fun, controversy is fun. (Braddick, with all the threads you come up with, you should really agree with that)

braddick · July 3, 2002 2:54AM

dbdlie55- And on that last statement we are in total agreement!

wallstreetman · July 3, 2002 3:54AM

For me, agreeing is no fun, controversy is fun. You arent married are you?

braddick · July 3, 2002 4:24AM

<< <i>For me, agreeing is no fun, controversy is fun. You arent married are you? >>

Sorry Wallstreetman, I'm spoken for.

(TJ- on the Open Forum is looking though...)

keets · July 3, 2002 5:08AM

regarding PR70DCAM's, i can't give an explanation as to why PCGS will no longer assign that grade to a coin, but i CAN give an explanation as to why they should, and it's really quite simple and sensible.

given the technology which most will agree allows the mint to produce millions of high grade coins, consider that a properly dimensioned planchet struck on a properly adjusted press by a properly prepared die will result in a certain percentage of flawless coins. properly packed into the holders and winding up at PCGS, it is well within reason to expect flawless coins to receive a proper grade of PR70DCAM.

now i know i went a bit overboard on the "properly's"

but it's not a stretch by any use of the imagination. the 70 grade is a sensible assumption regarding modern proofs, bullion coins and commemoratives. it's not a fluke handed out on a random basis. from my point of view it should statistically occur at a certain rate, though we'd need to know more about die life and such to be able to get a ballpark figure of what to expect.

al h.

psxchelly · July 4, 2002 1:03AM

Keets.. I agree with you!

The USmint always mentions that proofs are "High quality coins produced specifically for the collector"... Their "FAQ" states that proofs are "Proof coins receive the highest quality strike possible and can be distinguished by their sharpness of detail and brilliant, mirror-like surface."

So why not a 70 more often? PCGS is the only one to say.