Wasn't this an "$80,000.00" coin just last week?

braddick

Now I see the seller is offering this at an opening bid of $100.00!
That's quite the discount.

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=1381883553

Russ

Pat,

Different seller.

Russ, NCNE

Placid

Next week it will start at $50

braddick

<< <i>Pat, Different seller. Russ, NCNE >>



Translation:
"Different Clown, Same Circus"

pontiacinf

i gonna shoot the next clown that brings up that qtr

dbldie55

Different seller (it was $90,000), this coin is certified. Someone should mail the link to this coin to the other seller. (you know, the one who said he had the only examples of this).

Must be a common rare error.

Russ

<< <i>Someone should mail the link to this coin to the other seller. >>



I did a few days ago when somebody first posted this one. His response was that I should buy it and make a huge profit.

Russ, NCNE

DrawTwo

pontiacinf - let me know if you need any ammunition!

Gerry

Can someone please explain to me (as simply as you can) what the appeal is in a coin like this - whether it be $80K or $100 or $5? On the one hand most of you (me too) seek out high-quality, problem-free, near-perfect examples of a coin, and pay through the nose if it is certified in high grade. But, on the other hand, it seems many of you (not me) are willing to pay extra if the coin has a major flaw such as this die crack. I ask simply to see what it is I'm missing in my thinking about errors, varieties, etc.

lathmach

Man, aren't you modern guys glad you waited a week?

Ray

Russ

Gerry,

The appeal is the entertainment value of these stupid auctions.

Russ, NCNE

DCAMFranklin

And it is another waste of our time.

Placid

I enjoy them.

coynclecter

Gee, I would have gone $50,000 but no more.

Well he's too late I spent it all on a suprise ebay box of coins auction. I'm real excited cause I don't know what I bought but they promise its at least 100 years old!!!! Ai'nt this coin collectin great!!

mnmcoin

Where is that original thread with the guy selling it for, I believe it was 90k. Can someone link it or send it to me.

thanks

morris <><

Placid

<< <i>Where is that original thread with the guy selling it for, I believe it was 90k. Can someone link it or send it to me.

thanks

morris <>< >>



Link

gmarguli

Can someone please explain to me (as simply as you can) what the appeal is in a coin like this - whether it be $80K or $100 or $5? On the one hand most of you (me too) seek out high-quality, problem-free, near-perfect examples of a coin, and pay through the nose if it is certified in high grade. But, on the other hand, it seems many of you (not me) are willing to pay extra if the coin has a major flaw such as this die crack. I ask simply to see what it is I'm missing in my thinking about errors, varieties, etc.

Most varieties are interesting. It's just something interesting that separates this coin from all the others. This is maybe a $10 coin. It looks interesting.

Would you call a 1955 or 1969-S DDO 1¢ a flaw?

Errors are great. It's interesting to hold a large cent that was struck 30% off center, yet it is worn so it clearly circulated for many years.

I wouldn't call either of varieties or errors a "flaw". Sure they aren't as intended, but that's part of the appeal. Knowing you own something that shouldn't exist at it is. It's something that sets your coin apart from all the others.

Russ

HEY! Get this. $90K Boy is reading this thread. Just got the following, unsolicited, from him:



<< <i>From: StackGenerator@cs.com
Date: Tue, 17 Sep 2002 20:16:57 EDT
Subject: 2000 NGC PF68 SILVER QUARTER NO RESERVE Item # 1381883553
To: russ@compucheap.com
X-Mailer: CompuServe 2000 32-bit sub 107

Russ,
The value in these error coins is that they are just as rare as pf-70 coins
or more. Uncle Sam is supposed to make flawless coins but as you can see even
he is flawed.
You should buy that coin and make 89.9k profit when you sell it. It is that
rare of a coin.

Pat >>



As I said in an earlier thread, this guy is just having some fun yanking chains.

Russ, NCNE

gmarguli

Hey, now I don't feel so special.



From: <StackGenerator@cs.com>
Date: Tue, 17 Sep 2002 20:07:46 EDT
Subject: 2000 NGC PF68 SILVER QUARTER NO RESERVE Item # 1381883553
To: greg@frozengold.com
X-Mailer: CompuServe 2000 32-bit sub 107


Gregg,
The value in these error coins is that they are just as rare as pf-70 coins
or more. Uncle Sam is supposed to make flawless coins but as you can see even
he is flawed.
You should buy that coin and make 89.9k profit when you sell it. It is that
rare of a coin.

Pat

fcloud

Maybe the 90k guy has a pr70deep crack; wereas, the guy with the $100 coin has a pr68ultra crack.

Tony

MadMarty

I have had many discussions with both sellers. I'm even watching the "pissing minuteman" quarter. Might have to get that for the quarter collection. Then maybe I'll sell it to Pat for $50K. He can sell it for 90K.

Russ

Not to worry, Greg, you're still "special".

Russ, NCNE

Bikingnut

Different seller. I don't beleive the other seller had his graded either. Maybe he'll be the high bidder and the set his price at 160,000.

mnmcoin

I am curious to know how much the 90k guy would pay for one of those errors? If they are so rare, I mean and worth 90k, you would expect him to pay at least 60 or 70 k for it.

morris <><

braddick

Great! Now all this talk has made me go and want it.

1907Quarter

Oh yeh, now I remember, the minuteman with the bladder problem!

Placid

Someone bid on it

kranky

What's up with that? I'd sure like to know what that bidder is thinking.

wallstreetman

Braddick, I guess you werent kidding!

Russ

You know, I'll bet Greg and I aren't the only ones who got an eMail from 90K Boy and somebody, who may be posting in this thread, sealed a deal with said correspondent.

Russ, NCNE

Bikingnut

Are you saying he had someone bid on it for him?

kranky

No. The person who started this thread is the one who bid on it.

Placid

I wonder what this one will sell for.

Placid

I will guess $235.

MadMarty

Not bad for a $90,000 coin!!!

keets

what "cracks" me up is that NGC missed the designation as the coin is clearly a DCAM. what gives with that?

al h.

Placid

<< <i>Not bad for a $90,000 coin!!! >>



Someone named madmartyk won it for $275.

Pushkin

Wonder if MADmartyk is a handle or a given name?

airplanenut

<< <i>what "cracks" me up is that NGC missed the designation as the coin is clearly a DCAM. what gives with that? al h. >>



It's pretty hazy... could that be the problem?

BillJones

Another example of how the coin market can work. You throw something up on a wall to see if it sticks. If a fool overpays for it, you are a winner. If no fool overpays you throw it up again with less weight on it to see if you can find a fool with perhaps a little less mental impairment.

MadMartyk might live up to his name when he goes to show with sane people attending it, and finds out his treasure is worth maybe 10% of what he paid for it.

Steve27

So why is this worth $275?

Placid

Because people bid it up to that. There is no real way to put a value on a coin like that other than auction it and see what it gets bid up to.

MrLee

Bidding is closed for this item.
madmartyk(1129) is the winner.

Congratulations.

gmarguli

Insanity. Perhaps more like stupidity. An interesting coin..... for 30 seconds.

Russ

Marty probably made a deal with 90K Boy. OOPS! Now, I'll get another eMail from him. BTW, he takes offense at the word "Boy".

Russ, NCNE

gmarguli

BTW, he takes offense at the word "Boy".

Perhaps Pat = Patricia?

Russ

HMM...could be. Henceforth it shall be known as 90K Unknown Amorphous Thing.

Russ, NCNE

gmarguli

It's Now a $145,000 Coin.

Thanks to Pat for the link.

mbbiker

I'm glad he chose a real grading service to make sure its real i wonder why he didn't get a PF-70 grade?

braddick

But the $145,000.00 example is PINK. I think you're paying extra for the toning...

Placid

I get the feeling that person really dosen't want to sell the coin. Maybe having others look at it and talk about it brings them joy.