How about a thread on grossly OVERvalued coins.

goose3

this ought to be interesting.

Offhand.
1933 20.00 gold!

DHeath

Goose,

I'm ducking my head for this one. I'll love reading it though.

Russ

Here's one.

Russ, NCNE

ursabear

I promised myself I would never bash ACG here. OOPS. Did I say that out loud?

TheNumish

Russ you are quick!!!

I will not bash die cracks. Or ACG. oops must be suffering from the same ailment as ursabear.

michael

any coins when cracked out of their respective pcgs/ngc holders that bring less than 60% of their selling prices in the holders

sincerely michael

Coin Finder

Here is a short list in my opinion.

Anything slabbed with WTC Recovery on it.

Anything labled or slabbed as a "MULE" error coin that has brought over $10,000

Anything made by the US Mint that was an "experiment" or Midnight minters concoction that is considered "rare" and is not a regular mint issue.

Anything that is slabbed which has doctored toning. I know this is controversial because who can tell. I think if it is fake it is not worth anything.



Anything slabbed as MS-70 that has a small pop but a large volume minted.... billions or even millions or even thousands that might grade a ms69.

There is more I am sure

Russ

<< <i>Russ you are quick!!! >>



TheNumish,

Not really, I just save links. Had one to a $5000 state quarter sale, but it passed the 90 day mark.

Russ, NCNE

oldcameoproofsguy

High grade Barber Proofs with thick frost and super deep mirrors are way overvalued!!!! No one in their right mind would want to pay good money for one of those!!! These coins are a terrible value!!! So you all just ignore those coins and leave them to all the fools with way too much money and not enough brains.

oldcameoproofsguy

I'd give my real opinion but I can feel the heat of the flames pointed right at me if I do.

ursabear

<< <i>High grade Barber Proofs with thick frost and super deep mirrors are way overvalued!!!! No one in their right mind would want to pay good money for one of those!!! These coins are a terrible value!!! So you all just ignore those coins and leave them to all the fools with way too much money and not enough brains. >>



ROTFLMAO!

DesertLizard

Grossly OVERvalued?

Step aside state quarters......


Here is my list:

Stellas
1907 High Relief
Indian Rolled Edge
Any Type 2 Gold Dollar

They are always available in any major auction, they may be scarce but not rare and way way over priced.

tradedollarnut

I'm a firm believer in market economics. In my mind, for something to be grossly overvalued there has to be transitory demand. Coins such as stellas, high reliefs, etc, are not experiencing transitory demand - their design and history produce high, constant demand and thus high prices.

IMHO, the coins receiving transitory hype/demand are low pop , top pop PCGS coins with huge under-grade populations.

BigD5

Michael, OUTSTANDING COMMENT!!!!!!! I'm with Michael, 110% I wish I thought of that.

littlewicher

The 1804 Silver Dollars!! They're all restrikes anyways. They weren't made in 1804. The coins should've all been melted down!

wingedliberty

Here is my list.

1.Any ICG garbage signed by mint directors/celebrities, or anyone else.
2.WTC recovery garbage/ "death coins"
3.Restrike copy coins of key dates from the Gallery Mint.
4.PCI graded MS70 Silver Eagles from TV shopping networks for $49.99
5.Any colorized or otherwise molested coin.
6.Unknown pedigreed garbage.
7.net graded ANACS Large cents with massive corrossion.
8.Navajo and Liberian dollars graded by PCI.
9.1982 Washington commems.
10.Any ACG coin.

Brian.

Gilbert

WingedLiberty,

Since you excluded PCGS from your no. 1, does that mean you believe their celebrity autographed slabs are NOT overvalued? Just asking - ICG isn't the only service doing this.

My list,

Anything I CANNOT afford to get But really, how about, any coin whose price is more than the seller would actually be willing to pay for it?!

On it's face this statement might seem not to take into account many coins already over-valued; but if the strategy were to apply to the first time the coin sold, I believe it would account for many of the "exorbitantly" priced coins currently available. On the other hand, I imagine a person should at least be able to recoup what they put into a coin, within reason.

kranky

Well, a lot of the good answers are already taken!

I really liked Michael's comment:


<< <i>any coins when cracked out of their respective pcgs/ngc holders that bring less than 60% of their selling prices in the holders >>


People might quibble about the exact percentage, but the concept is sound.

Just to throw something new into the thread, I'll go with:
"Any slabbed mint state coin which costs more than double the price of the same coin one point lower with equivalent eye appeal."

TheNumish

Here is another rule of thumb:

Any coin(s) where the packaging was done privately and packaging weighs over 1 pound.


Let's add the 1913 Nickel


Any coin sold by a telemarketer where the saleperson is reading from a script.
Any coin bought on TV.
Any coin advertised with a credit card statement.

cladking

I'm with TDN. We generally have a fairly good idea of what the supplies are of US
coins, so it all comes down to demand. This thread is well booby trapped, so I'll try
to step lightly.

To find over-valued coins you have to look for those whose demand is passing. Obviously
there are many short term and long term trends that are in play when determining the
demand. It's safe to predict that demand for US coins is very long term- - it will last as
long as the country does. It's safe to pedict that rarities with long track records will re-
main in demand for the forseeable future. But some of the other things driving coin
prices are probably shorter term. Quality will always be near the top of the list of col-
lector requirements, but it seems today to take a most prominent spot. Surely it is not
more important than the collection itself. And while everyone has a different opinion on
toning, it too is more a matter of opinion which will no doubt evolve in time. Surely whatever
their color attractive coins will be appreciated in the future. And uncs that look like AU's
will be seen accordingly at some point. There are many trends that affect the price of all
US coins. It is important that we try to understand these trends. They are best revealed
in the rapid up and down price movements in the various series, types, categories, and
varieties which we collect. It is especially important to understand these trends in the series
we collect or we will pay much more or sell for much less. Other trends evolve more quickly,
such as which series people are collecting, what grades are in demand, what constitutes a
complete set. These come and go and can change rapidly. They are driven by larger societal
and economic issues or by a mere accumulation of smaller changes. Collections are like in-
dividuals- - they must grow or they'll die, and like species they will evolve.