My 1996 A.S.E. PCGS PR70DC is on eBay!

chiefbob

I decided to do it! I just placed my 1996 A.S.E. PCGS PR70DC on eBay. Check it out at:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=3361&item=3301096355&rd=1

I've also posted this message on the Registry Set forum.

Thanks for looking!

Bob

Russ

The obverse is sure pretty. Why no reverse scan?

Russ, NCNE

DCAMFranklin

Way to go Bob. I hope you knock 'em dead with coin!

chiefbob

Russ,

I took the pics with my digital camera. Had to turn the flash off for obvious reasons. The reverse had a reflection of the lamp that was providing the lighting.

I don't know if I can add it at this point, but will try. My rationale was that the obverse said it all (the PCGS grade) and that the reverse would be the same. But, you brought up a point as an observer and that's more important than my take on it.

Thanks for looking and the feedback.

Bob

airplanenut

mmmmmmmmmmm

spanky0071

Hi bob,
Good luck with your auction...I hope it brings a ton on money! I noticed before that you were from CNY...was just wondering where? I live in Oneida....so we gotta be kinda close!

chiefbob

Hi Spanky!

Please PM me for my location. And yes, I'm fairly close to Oneida!

Bob

Russ

<< <i>My rationale was that the obverse said it all (the PCGS grade) >>



Bob,

I used to think that also. Now, I won't bid on a coin without scans of both the obverse and the reverse. If I see an auction offering a coin I might be interested in, and it has only an obverse scan, I always eMail the seller and ask for the reverse. No reverse, no bid.

Early on, I got burned too many times by relying only on the grade on the label. Now, I want detail and I want both sides.

Not saying that is the case here, as I'm sure it isn't. Just noting that there are bidders who feel that way.

Russ, NCNE

ccrdragon

That is a sweet coin Bob!

Welcome to the boards, spanky!

chiefbob

Russ and others:

I added the reverse pic to the listing. If anything, it sure shows the black mirrors. My dining room lamp is showing at about 3 o'clock.

TWQG

I would have listed in two categories, like other dollars. Also, I thought Russ was being facetious about the reverse scan but now I'm not sure. Can any information really be gathered from those pictures? We're talking about a 70 here. Good luck with the sale!! and great find.

DCAMFranklin

Dead on Sean! The auction description says the coin was just "made", the coin is one of only 2 PR-70 DCAMs for the date and it IS a 70! What could possibly be gained from seeing the reverse?

Now that it is attached to the auction, all the better!

supercoin

I woulda gone with the no-reserve, but... at a minimum, feature that puppy for the lousy $15! You can add it after the fact. Takes money to make money.

Good luck.

drsvenghali

A beaut!!!

chiefbob

Supercoin,

I considered the 'Featured" category, but opted instead for listing it on "Featured Auctions" (featuredauctions.com). My rationale on this, right or wrong, was that any serious registry set collector (or others) would find the coin on an eBay search or just scanning the category listings. By listing it on an unofficial eBay portal (for supposedly high end items), it gains more exposure than being listed in another fashion on eBay. Also, another forum member said he had "darn good results" going this route so I chose the alternative method to feature it.

My "reserve" status on it is probably selfish, as I've been told it should go for quite a bit of money. If it doesn't, I still own a great coin and am only out the fees. That may not be what others might do, but I'm hesitant to start it at .01 and with no reserve.

Thanks to everyone for the kind comments and encouragement!

Bob

gmarguli

What is your reserve on it?

Placid

Is that a fingerprint between the B & E?

chiefbob

Nope, no fingerprints! (not on the coin, anyway.) I think it's part of the reflection on the left from the overhead chandelier light. There are a bunch of small candle lights and I think that's what you are seeing. The coin was sent to PCGS in a pristine state and was somehow returned by them in the same state.

Bob

chiefbob

Greg,

My reserve ($1,000) has been met. You can confidently bid on it now!

Seriously, though, is it common practice for people to divulge their reserve price? I haven't sold any coins (or high-ticket) items on eBay before and wondered if it was wise or didn't make a difference.

Bob

GaCoinGuy

To me, I like it when a dealer/seller will divulge the reserve, that way I know right off if I have the slightest chance of coming close with what I can bid. That is one sweet coin, reserve met and still 9 days to go.......it may get slack until the last day, but I would imagine some serious activity will take place near the end. Good luck with it.

DCAMFranklin

Bob-
Didn't I tell you the coin would make a $1,000 initial bid? No use bothering with that reserve auction cost. I can't wait until some of the bigger money moves in. I'm really happy for you!

gmarguli

My reserve ($1,000) has been met. You can confidently bid on it now!

Umm, that's what I was thinking. I'd sooner have a lobotomy that pay more than $50 for a PR70 SAE, but I don't mind helping an auction out.


Seriously, though, is it common practice for people to divulge their reserve price? I haven't sold any coins (or high-ticket) items on eBay before and wondered if it was wise or didn't make a difference.

The few times I've used a reserve auction, almost always at least one person contacts me to ask the reserve. I'll frequently tell them. I've also contacted sellers to ask the reserve (I don't want to snipe a couple dollars too low and lose a lot for $5 or something like that). Almost all the sellers have told me the reserve. When they won't tell, it kind of makes me wonder if they put some insane reserve and are just fishing to find the current market price.


BTW, did you notice who the high bidder is (with reserve met)? Our very own David Hall. If he wins, then it went too cheap.

gmarguli

Didn't I tell you the coin would make a $1,000 initial bid? No use bothering with that reserve auction cost.

The reserve fees are refunded if the item sells.

DCAMFranklin

Well Bob, your 2nd bidder is on board.

Guess WHO??

David Hall Rare Coins say they would like to own your PCGS Pop.2 coin!!

DCAMFranklin

Greg- You are right of course about those reserve auction fees. It just seems to be a lot of money to spend to NOT sell your coin, when the reserve is not met.

chiefbob

"I'd sooner have a lobotomy that pay more than $50 for a PR70 SAE, but I don't mind helping an auction out. "

OK, Greg, I'll be watching for your "bids".

DCAM, you WERE right! The reserve was my selfish motivation to keep it in case it didn't go for at least that much. After seeing the $1,250 TN .25 PR70DC for sale, I would think this should do a bit better.

FWIW, I emailed 3 registry set collectors that are looking for this date and grade. The 4th one has the other coin in the pop of 2.

Bob

PS: Spanky, welcome to the board! I forgot to mention that last night

robertpr

And I'm sure there are more than a few folks out there who watch what DHRC bids on. Plan on seeing this puppy move up in price QUICKLY!

DCAMFranklin

DHRC is still on the bid at $2,000! Looking good Bob.

robertpr

I'm guessing this will help make up for a few other submissions to pcgs?

Bulldog

Holy Chit Batman, 2 Grand and 7 days to go... I am gonna dump all my old junk and start selling new stuff....LOL Congrats

chiefbob

<FONT size=2>One of the registry set collectors (of S.E.s) sent me an email. Here's an excerpt that was most interesting to me!


"I THINK YOU SHOULD DO PRETTY GOOD WITH THE AUCTION. ABOUT TWO TO THREE WEEKS
AGO CAMEO CC GOT $3828 FOR A 1999 ON E-BAY (#803096221).
THE ONLY OTHER SILVER EAGLE I HAVE SEEN FOR SALE WAS A 1998 THAT WENT ON
TELETRADE FOR $4500 ABOUT TWO MONTHS AGO (LOT 1641: 1771)."

I'm with you, Bulldog! In fact, I just may buy back (at face value, of course) the Silver Eagles I've given to my 3 grand-children and send them (not the grand-kids) to PCGS for more PR70DCAMs. I would wait until after the holidays to do it, though.

Do any of you get the impression that PCGS would "seed" the gradings with a few PR70DCs to generate a lot of interest, which translates into a lot more submissions going their way, which translates into increased profitability? If PCGS was losing ground to NGC, would they do this? The only reason I speculate on that is I have compared my PR70 with my PR69DCs, under magnification, and I honestly can't tell the difference.

Hey, I'm not complaining! Just wondering........

Happy Holidays to All!

Bob</FONT>

chiefbob

Geez, one of these days I'll learn to format these postings! I tried to italicize just a portion of the above message, and after posting everything was in italics! I don't know where the HTML tags for font size came from, either. After editing 3 times, I give up. It's still readable............

IrishMike

bob, when you have a desirable coin like a pop 2, you would be foolish not to protect yourself with a reserve, whether you want to publish it or not is a matter of personal preference. A coin like this one will attract bidders with or without a reserve. I have never failed to sell a coin on Ebay that had a reserve on it. One time a coin did not sell, I lowered the reserve to where it should have been and it sold the next time. Obviously this doesn't work with common date stuff in easily obtainable grades. Some times its tougher to decide how much to sell something for than to decide how much to pay for something. Good luck on your auction.

DCAMFranklin

DHRC has decided to raise their maximum bid, therefore raising the high bid to $2,020. Looking good Bob!

chiefbob

DCAM,

As a novice in this area, is this a sign that DHRC expects the bidding to go much higher? He bid twice today (raised his maximum, I guess) by himself, no other bidders. I take it as a good indication of what may happen in the final day or two.

Bob

DCAMFranklin

Bob-
I can't say what he expects the bidding to go to, though he obviously wants the coin, up to some higher level. Politically, this coin receiving nice publicity on this Forum, it makes a lot of sense for him to support that price. Most likely, they have contacted some "wish list" collectors and know they can cross the coin quickly.

I like seeing this thread on the first page, so you can gather additional interest!

Russ

Chiefbob,

To quote the man who actually placed the bid on your coin:



<< <i>As to the question about DHRC buying PR70DCAM coins on Ebay. Here is the reason, we are very strong buyers of 70 material on the open market. I actualy have several dealers who offer me material as I'm a top buyer of all modern coins either graded 69 or 70. I have a very large want list of people looking for these types of coins. So frankly when I saw the coin up on Ebay for at a level much less than what I would pay another dealer I decided to bid.

...John Rothans >>



Russ, NCNE

DCAMFranklin

A new bidder enters the fray. Current bid is $2,500 and DHRC is still the high bidder. Any new submissions going out Bob?

chiefbob

I sent 4, 2001 and 3, 2002 S.E.s to PCGS on Monday. Maybe lightening will strike twice!

Bob

MacCoin

very nice indeed
Merry Christmas
Mac

DCAMFranklin

Another new bidder enters the fray. With 1 day and 6 hrs. remaining, the bid now stands at $2,600. Bob, I'll be sure to watch it close tomorrow evening!

chiefbob

And I'll be right there with you watching it!

The high bidder is new, and it will be interesting to what the others will do. When I went on the registry listing, I noticed that the population is now up to 3 on this. That's an increase of 1 since I listed it. I don't know if it will have that much of an effect or not.

DCAMFranklin

Less than 3 hrs. remaining and the high bid remains $2,600. With 12 bids made by 5 different bidders, this could get interesting. We're wishing you well Bob!

chiefbob

Thanks, DCAM! I'm glad it's not ending at 3 AM on a weekday!

DCAMFranklin

The very first bidder comes back to win the coin for $2,650! Nice little Xmas bonus, Bob!

PR70 DCAM