True ebay auction of my 1954 Lincoln Cent PCGS MS66RD PQ!...ends today, Saturday around 5pm pst

mnmcoin · May 3, 2003 2:46AM

1954 Lincoln PCGS MS66RD, PQ! True auction

morris <><

dldallen · May 3, 2003 4:42AM

Nice coin and one to kill for but.....ANY auction with a Reserve is not a TRUE auction IMHO. Good luck Morris! Dave

solid · May 3, 2003 4:57AM

I agree with Dave - a true auction should mean the coin WILL SELL to the HIGH BIDDER without reserve.

Ken

Russ · May 3, 2003 8:00AM

Not being a Lincoln person myself, I assume this is a tough one?

Russ, NCNE

RELLA · May 3, 2003 8:28AM

Russ,

I've got four of them sitting around on my desk right now...does that sound rare to you?

This is THE KEY to the short set (34-58) less than 100 graded plus only 3 better. I've sold PQ examples for close to what Morris wants for a BIN price; and that's been a while back.

RELLA

Singapore · May 3, 2003 8:39AM

Is that a 'certified' little PQ sticker or uncertified?

melikecoins · May 3, 2003 12:32PM

Been watching this coin (1954) for awhile.
Sale prices for the last three MS66RD on ebay (in order by date), 382, 320, 328
Glen

wondercoin · May 3, 2003 12:32PM

Morris: What do you mean by "true auction"? You reserved it - right?

When you run a "true auction", you can do well or not. I sold a 53(S) Roosie in PCGS-MS67 for about $21 today in a "true auction". No big deal - someone got a great deal - I'm sure they will be back.

My guess is if you simply had sold the coin with no reserve you would have done well. Even with the reserve you got up to nearly $335. Heck, I sell that date in that grade for less than $400. Come on Morris - "let it all hang out" and run a "true auction"

Wondercoin

onlyroosies · May 3, 2003 3:14PM

Hey Morris how about letting some of those Roosies ride too. Lets just see where they go.

tgilliams · May 4, 2003 3:43AM

A true auction does not carry a reserve or are we all misinformed. If I saw a coin listed as a TRUE AUCTION with a reserve it would NEVER get a bid from me. You might want to check the definition of what a true auction is!!!

redcents · May 5, 2003 1:52AM

ALL of OUR auctions start @ 1 "red cent" with NO reserve and FREE shipping AND a 14 day no questions asked return policy - INCLUDING THE COST OF RETURN POSTAGE TO GET IT BACK TO US. We also offer more payment options than most others. If more auctions were ran this way there would undoubtedly be more people willing to participate.

Russ · May 5, 2003 3:18AM

redcents,

Can you eMail your post to me? That way, I'll know for sure it's spam.

Russ, NCNE

RELLA · May 5, 2003 7:16AM

Russ,

On a more serious note...redcents is a good guy; I think he just needs to get up to speed on Internet etiquette. Somehow I missed being included in his "real" spamming activities or I would have given him an earful about it already. It just takes a while for people to get used to how things get done around here...and how they don't get done.

RELLA

RELLA · May 5, 2003 7:24AM

It's just not fair that the title of this thread promises a NR PCGS 1954 MS66RD Lincoln auction on eBay but it doesn't deliver. There certainly seems to be a need for such an auction given the number of responses to this thread.

Maybe WC and I can flip a slab and the loser has to run one of these auctions!

RELLA

redcents · May 5, 2003 8:04AM

Appreciate the reply Roger. I'm sure all the sellers who I've given tens of thousands to over the last few months don't have a problem with me. My REAL point is that IF policies of more auctions were more liberal there would be more people interested in them. ISN'T THAT A NO-BRAINER? I agree with the majority about "TRUE AUCTIONS" so much so that that is the only type I will run. Sorry to have offended anyone with my quasi-promo. I also thought (obviously mistakenly) that people put their e-mail address on their registry sets because they did not mind being contacted if someone can help them fill a slot or if someone wanted to make an offer for a coin in their set. I know I GREATLY appreciate it if ANYONE (via spam or otherwise) can offer me something I need or is wanting to shove money in MY pocket.

p.s. the website www.cameocoins.com is VERY hard on the eyes.

RELLA · May 5, 2003 9:59AM

Well according to Mitch I lost the slab toss (I'm not sure why but he insisted that he got to flip the slab

); so here is my TRUE AUCTION PCGS MS66RD 1954 Lincoln Cent:

COME AND GET IT!

For all y'all that don't like people hawking their eBay auctions here: Simmer down; this is the first and probably only time I'll ever do this on this board.

RELLA

wondercoin · May 5, 2003 10:09AM

Rella: I just bid for your coin on ebay what my minimum buy price was this morning for any 1954(p) Lincoln in PCGS-MS66RD. Indeed, I bought one from another dealer this morning for this exact bid price. I HOPE I STEAL YOUR COIN THOUGH

And, your limiting it to only 3 days instead of 7 really increases the chances of you "taking it in the shorts". Then again, people are excited about your auction and excitement invites great results.

Wondercoin

dldallen · May 5, 2003 11:04AM

I'm watching you Mitch! You ain't gonna "steal" this one! Thanks for putting this one up Rella! Dave

wondercoin · May 5, 2003 12:26PM

This coin reached $300 in an hour or two!! Now, this is a "true" auction and RELLA should come out just fine

I really do believe collectors appreciate a true no reserve auction on ebay.

Wondercoin

RELLA · May 5, 2003 12:36PM

Edited to clear my objection to WC's typo since he removed it.

RELLA

wondercoin · May 6, 2003 11:55AM

Roger: I stretched as far as I could go - especially since my sell price is around $400 and I have a coin in stock. But, you have nice action going on the auction - good luck to the bidders from here.

Wondercoin

mnmcoin · May 7, 2003 12:48AM

I have always considered a true auction to be a sale that was open to bids that started at a $1...whether or not there is a reserve. I still believe this is accurate. Many of the auctions houses, if not all allow reserves to be placed by the consignor and yet they are still called "auction" houses. This true auction statement was made in regard to several people requesting an auction of this coin (when I had started it at my asking price of $500), in which many said they would like an auction starting at $1 and that I could place a reserve to protect myself.

morris <><

dldallen · May 7, 2003 6:02AM

Morris,

Just a question of terminology:

True Auction - Low or no start price and buyers determine the hammer price

Reserve Auction - Start anywhere but buyers must meet your reserve price that may be known or unknown

Yes, both are auctions and both are truly auctions, but only one is a "True" auction.

BTW, see how Rella's coin is doing without a reserve in a True Auction

Hang in there guy, you've got some great stuff. Just a little good old fashioned ribbing. Dave

wondercoin · May 7, 2003 6:56AM

Roger: Here is a classic example of good old fashioned auction interest in a "true auction" Lincoln. Your coin is now over $500 with multiple bidders fighting it out. This coin is more than pop 100 in the grade and shows the incredible strength of the Lincoln market.

What did I do last night? I went through 20 fresh original rolls of 57(d) Lincolns (1000 coins) in serach of a shot MS67RD coin. Found (1) coin that probably grades MS66.75. That's it. Considering I paid about a $4/roll preminum for the fresh coins, I spent $80 and several hours of time to pluck that MS66 (which sells for around $20 after a $15 slabbing fee). I'll probably try another 1000 coins tonight (and ante up my $80 and time). Is it any wonder, most collectors are content to slap down a few hundred bucks for a Lincoln and not waste their time.

Wondercoin

RELLA · May 7, 2003 8:19AM

<< <i>most collectors are content to slap down a few hundred bucks for a Lincoln and not waste their time >>

Not just collectors, WC

. I even have a few of these lying around raw (MS66RD quality) but I just keep buying more from others rather than sending in the coins I have.

RELLA

wondercoin · May 8, 2003 2:09AM

Roger: I know what you mean. I couldn't get finished my 1000 additional 57(d) coins yesterday - just too darn frustrating! Maybe tonight.

But, then again, Roger - I don't have a newlywed bride pulling me away from my work

Wondercoin

melikecoins · May 8, 2003 7:23AM

Look at this
54 cent
Glen

wondercoin · May 8, 2003 7:27AM

Roger: Feel free to use my extra 54 Lincoln in PCGS-MS66RD to offer your underbidder. Just pay me whatever you think is fair

Wondercoin

mnmcoin · May 8, 2003 7:34AM

So you are saying that if I list mine again, with no reserve it will go above $600?!?!

mo <><

RELLA · May 8, 2003 8:25AM

WC,

Thanks...I'll take you up on that offer. I'll let you know how things go...

RELLA

True ebay auction of my 1954 Lincoln Cent PCGS MS66RD PQ!...ends today, Saturday around 5pm pst

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