Why did a 1981 ty2 pr70 just sell for over 7g's ?
psxchelly
Posts: 568 ✭✭
Am i missing something? Why are all the coins at FUN overpriced?
Are people just being stupid? or did they put something in the kool-aid.
michelle
Are people just being stupid? or did they put something in the kool-aid.
michelle
0
Comments
I doubt these people will see a return on investments priced as high as most of what I saw unless they are willing to hold onto the coins for at least another 50 years.
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<< <i>`81 clear-S are considered scarce if not rare.In 70 is a top pop >>
okay yes your right, i know they are sorta scarce My i got my type 2 proof set in March '02 for 90$... that coin is not worth 7g's, and the guy will never get his money back.
An entire pcgs 1981 type 2 proof set sold on ebay for around 3 grand about 2 months ago and that was pricey.
I love moderns... but sheesh this is totally ridiculous.
Some idiot (me) moves his mouse over to the "bid now" button. At the time he/she commands his finger to push the mouse button, the bid is at a reasonable level, however. . .some other idiot in Florida bids some rediculous amount of money and the idiot in Pennsylvania's web browser updates the amount to this new and insame amout just as his/her finger presses the mouse button. . . .
Ok, time to hide from the wife. . .
and not, it wasn't me who paid that insane amount for the 1981, but the event I describe above has happened to me seven times now and thankfully, someone in Florida is more of an idiot than I am.
lots of people out there also with no knowledge of coins or collecting or numismatics
lots of heat and hot hot desire
but i will not be one of the buyers!!!!
i guess i have seen this before many times
maybe i am wrong and this is the new wave of the future
all i can do is stand at the sides in the backround and shake my head
i guess time for me to move onto something other than lincoln cents
i am sorry i didnot buy all those pcgs lincoln red pop tops and dcam/cam/non cam proof 69/70 lincolns 2 years ago!!
my mistake i guess i in fact do not understand nor know anything about coins or the market!
such is life
and best wishes to all the buyers they gots the money and know more than me!!!!
sincerely michael
LoL
You see alot of that in this hobby.
<< <i>Am i missing something? Why are all the coins at FUN overpriced? >>
Not all of them. I just scored a nice MS64 RB 1868 Two Cent Piece dirt screaming cheap.
Russ, NCNE
sincerely michael
If this is the case, this PR70 coin will probably have some company soon in the pop reports, especially if the coin will bring well into four figures.
There is so much heat in this hobby right now. It seems like there is a frenzy for stuff that has questionable rarity. I hope that the mad money works its way into the stuff that I already own; I'd sell it in a heartbeat then call it a day.
Sorry thought you guys were talking about SBAs.
I barely can tell the difference between a 67 and 68 in proof.
I just don't know.
it's really no big deal, and in any event it is a ugly coin anyway
It's a Registry thang
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since 8/1/6
Of course on Monday, that will all go back to their respective shops and write lengthy articles for their newsletters and websites proclaiming a new MONSTER bull market in coins. All the while laughing under their breath waiting for the first bit of financial downturn that will force those "big spender" collectors to sell those coins for 30% of the purchase prices. I sure won't buy into the hype we will be seeing on Monday!
Of course, it still looks like a bargain compared to the spotty 1963 PR70 Lincoln that realized $39K.
I think you are thinking it's a Dollar when in fact it's a Lincoln Cent.
or even in long term interest
or better yet in the stock market
<< <i>the prices were high on the coins but what is cash worth in the bank
or even in long term interest
or better yet in the stock market >>
Coins are a safe investment?
<< the prices were high on the coins but what is cash worth in the bank
or even in long term interest
or better yet in the stock market >>
Coins are a safe investment?
if thats a question
i look at it like this way you might some day with a coin
but you know you'll never break even with interest
i think that's the feelings out their today
This is precisely why I don't play the "Low-Pop" game. It's a sucker's bet. Besides, I don't think there is one single modern out there worth seven large, let alone four figs! Just my opinion...flame away!
Cheers,
Bob
<< <i><< the prices were high on the coins but what is cash worth in the bank
or even in long term interest
or better yet in the stock market >>
Coins are a safe investment?
if thats a question
i look at it like this way you might some day with a coin
but you know you'll never break even with interest
i think that's the feelings out their today >>
I am going to withdraw all my retirement money from the bank today and buy coins with it.
Thanks for the advice.
gold silver any where their is a safety
on you retirement money how much would be left ??????????????
at this point
<< << the prices were high on the coins but what is cash worth in the bank
or even in long term interest
or better yet in the stock market >>
Coins are a safe investment?
if thats a question
i look at it like this way you might some day with a coin
but you know you'll never break even with interest
i think that's the feelings out their today >>
I am going to withdraw all my retirement money from the bank today and buy coins with it.
Thanks for the advice.
you look around where is the money going land housing coins
gold silver any where their is a safety
on you retirement money how much would be left ??????????????
at this point
what now your done talking trash
i guess i understand your doing real well in your retirement
if you do reply which i don't think you will
please list your investment for all to see
and check
<< <i>It's a Registry thang >>
Which proves that it is a great capitalistic idea for PCGS- and that is the basis of an article I'm writing
Just pulling your chain, besides, there are no coins in the modern series that are worth 7Gs. Just people who value them at 7Gs.
Dan
First Place Winner of the 2005 Rampage design contest!
it's you the one that is right
ok
no demand. The supply of many of these has always been small because no
body bothered to set them aside or they were made in small numbers, but it
wasn't widely known because there was so very little demand. The problem
was not a lack of face value since they have exactly the same denominations
as the older coins. It never was that they are made of base metals since some
of the high priced classics are made of the exact same metals and the other
classics generally have no more than a few dollars worth of silver in them. Now
there are people looking to collect these coins and are finding some are elusive.
One should remember that the 81-S type 2 cent wholesales at more than $50.
While I've never seen one with a shot at MS-70 so haven't a clue how hard it is
to find, there are those who've expended some effort in trying to obtain one. If
they bid it up higher than what I think it's worth then I'm likely to question my
estimation of it's value rather than the relative value of the purchaser's money.