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2002(p) Sacagawea Dollar (PCGS-MS69) POP 1

PM me if you are seriously interested in the one and only PCGS graded 2002(p) Sacagawea Dollar grading PCGS-MS69!! Coin is subject to prior sale.

Wondercoin.
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.

Comments

  • WC - I still don't get it. Why list this on this forum????? And why are all your listings subject to prior sales. We are always the backup. Why do this to us?
  • wondercoinwondercoin Posts: 16,948 ✭✭✭✭✭
    LS: You got a answer to your question from me last time you asked it. I took the time to write it out to you, I just don't have the time to do it again tonight.

    By the way, if you are not getting "first shot" on this coin, it's only because you don't want the coin. Any board member that was seriously interested in this coin does have first shot this weekend, subject to prior sale.

    Wondercoin.
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • wondercoinwondercoin Posts: 16,948 ✭✭✭✭✭
    Baseball: Well put image

    Last call before the coin hits ebay tonight.

    Wondercoin.
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • itsnotjustmeitsnotjustme Posts: 8,779 ✭✭✭
    Concur with baseball. I can't imagine a more appropriate location. This is a pop 1 MS69 PCGS graded coin that will be a jewel for a registry set. The forum is the PCGS sponsored set registry forum.
    Give Blood (Red Bags) & Platelets (Yellow Bags)!
  • DRGDRG Posts: 817
    Wondercoin; Congrats on the POP #1 coin. Just wondering how long it is been graded as it is not yet in the ppopulation report.
    (PAST) OWNER #1 SBA$ REGISTRY COLLECTOIN
  • IrishMikeIrishMike Posts: 7,737 ✭✭✭
    It's not like this forum is overwhelmed with posts either.
  • wondercoinwondercoin Posts: 16,948 ✭✭✭✭✭
    DRG: My guess is it was finalized on Friday (yesterday) and missed the cutoff for the on-line pop report (which I believe updates on Fridays).

    The coin was consigned to me and I am very pleased to offer it. I seldom submit modern (1965-date) coins for slabbing myself these days (for past several years) and have yet to spend $1 at the US Mint site on 2002 product image I truly respect the hard work and perserverance of those who toil and sweat through these mint sets, rolls, etc. It is very hard work and often times entirely unrewarding.

    I know of one collector (works his day job and comes home at night to "work" on coins, as well as a portion of his weekends) who went through (600) 2002 Mint Sets and bascially found (4) MS68 state quarter "d" mint coins as his "big catch". OK, he can make $1500-$2,000 on those (4) coins. But, he put out nearly $9,000 in up front money to do and spent "a work week or two of time" devoted to the project. As he explained it to me (and I do not personally agree with this conduct - I am just mentioning the story so many of you can understand what goes into making these sensationally high grade coins) he thens returns to the US Mint the 550-575 or so Mint Sets which yielded no premium coins. This generally takes more time on the phone, time and energy packing them up and shipping back the "bad" sets to Mint, confirming with the Mint they received back his "bad" sets and waiting 4-6 weeks for his credit from the Mint. He points out that without the Mint's generous return policy, he would never be able to even consider searching out the great coins, as the ability to return the sets is key to the project. Frankly, if a dealer engaged in this conduct regarding the Mint product he might be strongly attacked I would think, but, as a collector you can essentially do anything it seems and I am not attacking the collector, or this practice, at all - just noticing the double standard.

    There you have it. I personally chose to basically write the check for the handful of super high grade coins that come along, or gladly accept a consignment of a neat coin when one becomes available like the MS69 Sac.

    Wondercoin

    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • DRGDRG Posts: 817
    Wondercoin; Thanks for your response. I do not condone that behavior at all. I have done all of the same work you discuss but I consider it unethical to return the sets to the mint unless they are trully damaged(I have never returned any). Doing so saddles other collectors with the rejects and is obviously unfair to the more honest among us. Not that anyone ever said life is fair, but the US Mint should not then resale these sets. I do not know what their policy is on this but I suspect they simply repackage them and resell them. I actually ordered 2002 mint sets on two different occasions. The first early in the year, Great sets with the first MS68 2002D Sac$, second later in the year, which were a total waste of time and made me wonder if they had already been searched as they were simply terrible. Now I think I have my answer. Thanks for the honesty.

    (PAST) OWNER #1 SBA$ REGISTRY COLLECTOIN
  • pontiacinfpontiacinf Posts: 8,915 ✭✭
    go mitch image
    image

    Go BIG or GO HOME. ©Bill
  • wondercoinwondercoin Posts: 16,948 ✭✭✭✭✭
    "I do not know what their policy is on this but I suspect they simply repackage them and resell them"

    DRG: As you, yourself, point out, they are not damaged sets and it probably makes perfect sense for the Mint to resell them after they inspect them and see nothing wrong with them - right? Now, I am just commenting from the standpoint of a taxpayer.

    Wondercoin.

    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • DRGDRG Posts: 817
    I understand your point however the US MINT does not state that they are selling searched coins and in fact as they are the original source of these coins it is implied that the coins are being sold unsearched "DIRECTLY FROM THE MINT". I do not know what the answer to this is, maybe it is "if you can't beat them join them" . I would think that if enough people were doing this the mint would have to change there policy. The policy probably should be that you must show some defect to return the coins. Certainly allowing people to order hudreds of sets return them and then order hundreds more just to do it again and again is abusive to the system and wastful of our tax dollars.
    (PAST) OWNER #1 SBA$ REGISTRY COLLECTOIN
  • DatentypeDatentype Posts: 1,677 ✭✭✭
    I guess that explains why I did not find one good coin in the last 200 sets I bought. I sold these at 10% back from bid and it cost me about $300 before shipping costs of around $100....that hurts! It is truely tough to find real super gem coins in mint sets and rolls (like Mitch says). many people who have not tried, do not appreciate the costs, effort and strategy involved to bring these coins to the marketplace.
  • Mitch - ok, if this is the correct forum then I apologize. But, you always seem to offer your coins subject to prior sale. This means you already have a buyer - no? And as I recall the last time I responded to a solicitation you said you would get back to me if the deal fell through. You never got back to me and I assume the deal went through. So, my point is that I see you offering coins that you already have a buyer for, but, you want backup buyers, and you solicit here. If I have this all wrong and I'm all wet, please let me know so I stop complaining. If I have it right, then my point is that I see no reason to advertise until its available. Then I guess I wouldn't feel the way I do. I think you should get your own web site and advertise there. I don't see Wayne H. acting like this for example.

    baseball - if I'm right about "subject to prior sale" I think you will see my point. If I'm wrong I will be the first to apologize.

  • edited as it was not appropriate
  • wondercoinwondercoin Posts: 16,948 ✭✭✭✭✭
    LC: I would have happily answered all your posts, if you had asked me the questions in a civilized manner.

    Incidently, after discovering the methods used by that collector to "make" coins, I have never bought another coin from him. This Sac is being consigned from someone who makes coins "the old fashioned" way. image

    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • wondercoinwondercoin Posts: 16,948 ✭✭✭✭✭
    Datentype: With something like 3,000,000 mint sets being produced in a single year, of course it is highly unlikely that you received any of a 550-575 set return. But, it does bring up an interesting question of just how many collectors are returning sets that do not have exceptional coins in them. Based upon the comments of DRG and Datentype, the practice may be more widespread than at first imagined. Are 100,000's of sets being returned such that many of the sets on hand now are simply average sets?

    Simply more "ammo" for why I do not waste my time anymore buying the sets from the Mint myself. I was thinking about buying some 2002 Mint Sets before year end, but probably will not now.

    Funny thing is, as I recall, when collectors on the US Coin Forum reported getting in sets with no high grade coins in them earlier this year and planning to return them for a full refund or replacement sets, there was nearly unanamous support for them doing so and heavy criticism of the Mint's inability to produce better coins. No one on those threads even politely commented that the collector shouldn't return his sets for new ones. Interesting what happens when a "pure collector" is taking a certain action. Wondercoin.

    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • Sorry Mitch, I need to know the answer to my question re subject to prior sales. I think we all would like an answer. And if you are no longer doing business with mister mint package sifter, I commend you. If I incorrectly linked this sale to that collector, then again, my apology.
  • DatentypeDatentype Posts: 1,677 ✭✭✭
    I think most people agree that they don't like the concept of "non-fresh" coins being recycled through the freshest of all sources. It is part of the large game however and I do not like these sets being missrepresented by Dealer's, as I buy plenty of them and take the hit at times of selling them off at a discount after finding nothing good. The mint however has a product like any other seller and if they examine it and it is up to their standards i.e. the coins are not falling out of the mylar on the Kennedy side (I had that problem on one batch), they just put it back on the sales rack, so clearly it is not the Mint's fault but it is the people who take advantage of their policies at the expense of others.

    i really doubt that more than a very small minute portion of 1% are unfresh but if you subscribe to the "bin theory" it is very possible to get completely shut out, which is likely what happened to my 200 sets (i'm guessing).

    Bin Theory: Over the long run, if you diversify your purchases over time you will get nice decent product from the US Mint.
  • DRGDRG Posts: 817
    The difference between the collectors and this searcher is that the collectors were trully dissapointed with the quality of there sets. As I recall some of the Sac's had large ugly white spots. This would qualify as a defected coin. Also they were talking about one or two sets and had no intention to keep resubmitting until high grade coins were found. Obviously there is a gray point were these two concepts cross, but ordering 600 sets with absolutely no intention of keeping them is an abuse of the system. The person should not be able to simply return the sets for a cash refund. Truly defected sets should be replaced for non defective sets and the defective sets destroyed. This is the only fair system I can imagine so as not to saddle collectors with others rejects.
    (PAST) OWNER #1 SBA$ REGISTRY COLLECTOIN
  • wondercoinwondercoin Posts: 16,948 ✭✭✭✭✭
    DRG: I agree with you.

    It is interesting though - the concept of a collector's expectations on these sets. I recall sets were being returning to the mint because the "d" mint coins looked "beat up". Next time a post is made regarding an intention to return sets to the Mint, we can all pay more attention to it image Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • relayerrelayer Posts: 10,570


    And why are all your listings subject to prior sales.

    Yeah, that really threw me for a loop too.

    But then I started thinking. Hmmm.

    If there is only and it's listed here, what if somebody buys it? Then how many would he have? Seems like one minus one is zero.

    So once I started using my math skills and common sense, it all became much clearer to me.

    Ah, it's so refreshing to be able to use the brain correctly.
    image
    My posts viewed image times
    since 8/1/6
  • No Mitch does not have a buyer already lined up, he means that he may get
    a hundred pm's within minutes of each other so the coin is a first come first
    served. If he only has one he can't sell ten.I think it is nice of him to offer pop top
    coins here and not just go to e-bay or elsewhere 1st.
    just MHO
    Tim
    LOOKING FOR 1931-s merc that is nice for the grade and fb


  • << <i>Sorry Mitch, I need to know the answer to my question re subject to prior sales >>

    LS:
    What exactly is your question here? Subject to prior sales means that he'll sell it to you if you can agree on a price and he hasn't already sold it. I have purchased numerous coins from Mitch that were "subject to prior sale". And I have also had him tell me that a coin had already been sold. I have every reason to believe that the "already sold" coins were absolutely available, as advertised, when Mitch posted them. If you have a problem with his advertising, he'll probably survive without you, but I, for opne, can say that my experiences with Mitch have found him to be about as honest and open dealer as you'll ever deal with.

    Pete

    PS: nice coin, Mitch---but you still need a camera so we can all enjoy them!!
  • He wouldn't even give me a price because he doesn't know who I am? Who cares who I am I want to buy the darn coin, when does it matter who buys as long as they have the funds for the coin.... I could care less if a 5 year old bought coins from me as long as his daddy's money was good... (chuckles)

    WTH?

    Well anyway, I have the number #1 set of all time on everything and anything in platinum if that counts for anything, and to think I haven't posted my gold coins yet... by the way people I have some WTC MS-70's (PCGS) for sale if anyone is interested....
  • itsnotjustmeitsnotjustme Posts: 8,779 ✭✭✭
    I think of subject to prior sale as being just like many dealer web sites. I went through a purchase on one dealer website, and finally called when the coin had not arrived two weeks later. Someone else bought it a couple hours before me, and their web site is not one that dynamically updates the available inventory.

    Mitch could be away from the computer for hours, but take phone calls and make a sale. That would be a prior sale. It means just because you send an acceptable offer to purchase, the deal is not done until that offer is accepted.
    Give Blood (Red Bags) & Platelets (Yellow Bags)!
  • We PM eachother a few times this morning he wanted to know who I was... who cares who I am if I have good funds not to mention a very solid reputation.... #1 sets of everything in platinum of all time and zero negative feedbacks on ebay should be good enough, never mind I'll buy it from someone else when the time is right, I've already put over 5000 bucks worth of bids on a couple of coins on ebay.... good luck....
  • wondercoinwondercoin Posts: 16,948 ✭✭✭✭✭
    "He wouldn't even give me a price because he doesn't know who I am?"

    TripleX: I offered the coin today to several board members, one of which has already posted on this thread. Another is still considering the offer. Any one of them could have bought the coin then, and still can right now. I do intend to post it to ebay in the near future. however, if it does not sell here soon.

    Now, let me address your comment about not giving you a price this morning until I knew who you were. At the time of your email, the only thing I knew about you was your "handle name" TripleX. I asked you to identify who I was dealing with, for no other reason than to know who I was, in fact, dealing with. What if I quoted a price to a "handle name" and that person came back and said sold - I'll send you a check. Now, what if a board member I have known for years came back an hour later and said he wanted to coin? And, what if I never received a check from the "handle name", while waiting a week or two. The result would be I would have tied up the coin for weeks with someone I didn't even know who I was dealing with-right? If you were my consignor, how would you feel if weeks went by and I closed a deal with someone I didn't even know the name of?

    It is one thing to post threads anonamously (I support ones right); but is quite another to engage in business dealings that way. I have a responsibility to my consignor here as well. I hope you can see that.

    Now, having said that, and now that you have provided a bit more information (which my consignor recently advised me was fine), I would be happy to offer you the coin, if you are stil interested. Just PM me your phone number and I'll call you tonight. image Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • Diito Tompkins....

    Mitch is a wonderful dealer to deal with. I have probably bought at least 5000.00 dollars worth of coins
    from him. If it is has subject to prior sales then i missed it if he did not have it available. For a pop 1 coin
    I would of called after the PM and bought it. I'm sure that can be done in less then 5 min if you hit the board
    right and mitch is still online.... If you dont understand that... wait and see if it hits ebay...

    Rick
    A active collector of Modern Proof graded coins. Highligted by my Modern registry sets. (The Lewis' Collections).
  • WhitewashqtrWhitewashqtr Posts: 736 ✭✭✭
    I believe that "subject to prior sales" means that you would have to be the first person to strike a deal for the coin regardless if it were on these Boards or elsewhere? I dont believe it matters if there is one coin available or 100. THe fact is..Mitch is only sell this one coin right now. He could have 99 more (in theory), but not wishing to sell them.

    So.. what it means to me is... step up to the plate and buy the "darn thing" before someone else does!!

    Would you agree, Mitch, that this is the correct interpretation? How many coins have I stepped up to the plate to buy from you with my #3 clad Washington quarter series. That is because I wanted them and was the first to do so. I may have paid a premium, but that was my choice!!

    WWQ
    HAVE A GREAT DAY! THE CHOICE IS YOURS!!!!
  • wondercoinwondercoin Posts: 16,948 ✭✭✭✭✭
    WWQ: As you know, when you are dealing with a pop 1/0 coin especially, there are often several people interested in the coin. This is especially the case in series such as Lincolns, Jeffersons, Wash Quarters, etc. When a coin is offered for sale here on the boards, collectors can PM or email or call me and I may engage in a phone call about the coin while at the same time reading a PM and an email coming in. It is possible to be receiving several acceptances on a coin around the exact same time. Or, even worse (and this has happened), I may make an offer to a long time forum member and not hear back for 2 days, 3 days, 7 days. Sometimes by the 8th day, I might want to give someone else a chance to buy the coin. What happens on the 9th day when the new person buys the coin and on the 10th day the first guy comes back from his hunting trip and says "I'll take it".

    My goal here is purely to not have a dissapointed collector. Making a coin available "subject to prior sale" I hope makes it clear that the coin may not be available at a later time. No pressure to buy it, but please don't be dissapointed if it is not available at a later time.

    I hope this helps clear up the term and the intent. Wondercoin.
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • michaelmichael Posts: 9,524 ✭✭
    wow!!!!

    what would be a guesstimate of this coins selling price if put on ebay now??

    also what would be the guesstimate of the coins selling price raw if broken out of its respective holder and the tag was included with the coin?????

    sincerely michael
  • wondercoinwondercoin Posts: 16,948 ✭✭✭✭✭
    Michael:

    I'll tell you what. You go first. Tell us all what the cost of a PR67CAM Walker was without the CAM designation and then tell us what it sold for with the CAM designation. It was PR67CAM wasn't it? After you totally convince me that the coin was always worth every penny of the PR67CAM price without the CAM designation on the holder (and also please explain what it sold for originally BEFORE PCGS added the CAM designation), then I will try to convince you that a modern coin like this Sac is worth more money holdered than a raw one. Now this will be a fun Sunday!! image Wondercoin.
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • TypetoneTypetone Posts: 1,621 ✭✭
    Shame on the mint set collector, and shame on the mint for allowing that nonsense. Anyone who orders more than ten sets or so should only get to return because of defects. This person is ripping off the taxpayer and other collectors. Wonder what lies he had to tell to get his money back. After he searches he should sell the balance off wholesale like everyone else. Also what a waste of time for him.

    Mitch:

    Why not drop the line "subject to prior sale". Serious collectors already know a coin can be sold before they get their act together. Why give the you know who's another reason to complain or to put up a negative post. Frankly, I'm not even sure why you take the time to respond to all this blabber.

    Good response to my good friend, Michael. Come on Michael tell us about the 67CAMimage!! Of course, getting a coin in PCGS plastic adds value and improves marketability. The difference between high grades are so subtle that most people would want a professional third party opinion before shelling out the big bucks.

    You might argue that the difference between a 68 an a 69 is so subtle that it is not worth the big price jump. Then don't buy it, but the market does. However, silly it might seem, there are those who are willing to pay for the absolute best, even if the difference is microscopic. For those people the third party opinion is essential. While I rarely buy the pop 1, 2, or 3s, I have never been disappointed when I have. Buying the best has always been a winner for me.

    BTW, Mitch is not just a seller of the low pops, he is a serious buyer as well. If you have one to sell contact him as you are likely to get the best price anywhere.

    Greg
  • DRGDRG Posts: 817
    Wondercoin; Did I miss something. I posed the question back to Michael about the proof "CAM" Walker on the post about the MS69 Kennedy. I did not see a response, which does not surprise me as it is a "Classic" example of the plastic adding tremendously to the worth of a coin. Now on this post I see you have asked him to defend the position. Did he defend it? Or did you think my post was his on the other post?
    (PAST) OWNER #1 SBA$ REGISTRY COLLECTOIN
  • wondercoinwondercoin Posts: 16,948 ✭✭✭✭✭
    DRG: I, IN GOOD FAITH, asked Michael about a PR67CAM Walker, because it is my understanding he recently had some dealings with one (he is free to discuss them or not). I believe those dealings demonstrate the value of PCGS plastic!!!!!!! IMHO, you can't have it both ways, you either embrace the significance of "value added" companies, whether it pertains to a modern or a classic coin, or you don't.

    If one come to this board to prove that PCGS plastic is purely a "modern" thing - simply be prepared to explain the classic coins and why plastic does affect them equally. This Walker is a perfect starting point. I want to know what the coin sold for originally in the NON-CAM HOLDER and then what it sold for in the CAM HOLDER once PCGS added three tiny letters to the insert tag "C" "A" "M". If pricing information can't be revealed, then simply state the % increase once the three tiny letters were added to the slab.

    Or, let's all simply agree that "value added" companies like PCGS can add significant value to ALL coins, be it "modern" or "classic".

    But, again, I'll be delighted to address all questions regarding the Sac after I get my answers on the PR67CAM Walker image

    And, I think Michael is a great guy and I know he is considering my points in the spirit they are intended - to recognize that ALL COINS, classic and modern, are impacted by the holder they are in.

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • dbldie55dbldie55 Posts: 7,731 ✭✭✭✭✭
    So, even though this thread is about a Sac dollar, it will not be discussed unless we also discuss a Walker. Sure seems to make sense to me.
    Collector and Researcher of Liberty Head Nickels. ANA LM-6053
  • DRGDRG Posts: 817
    That is quite a coincidence. I had no idea who Micheal was, let alone that he had working knowledge of the proof Walkers. I simply was using that as an example. Also I do not want this to be a negative post. Just a few collectors/dealers comparing things whithin our hobby.
    (PAST) OWNER #1 SBA$ REGISTRY COLLECTOIN
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