1971-S PCGS MS-67RD 1c on E-Bay

cladmaker

Check out E-Bay item #3044857405 to view 1971-S PCGS MS-67RD
Lincoln Cent. This is a "pop-top" coin tied with three others.

Thanks.

Cladmaker

cladking

Looks interesting.

link

wondercoin

Cladmaker: Thanks for the "heads up". I just placed a bid that should hold you for a day or two

Wondercoin

redcents

Mitch,

Is it still a $2,800 coin?

wondercoin

Roger: Of course not. But then again, the pop 2/0 quarter from the same year, 1971(p), went from being a couple hundred dollar coin a few years back to multi-thousands today (as it has remained pop 2). My point being, if you desire to build a world class set of anything, you generally have to "step up". You often times have no idea what coins will "hold up" and what coins will not, classic or modern for that matter. If one is not comfortable with the situation, I totally understand the logic in collecting 1 grade under best coins.

If you study what occured with late date wheats (1934-58), the folks who conservatively bought MS66RD coins years ago for $25 essentially still have $25 coins today. The folks who bought coins like 1947(p) in 67RD at $400, or 1946(p) at $1k, or the pop 1 1948(p) in MS67RD I sold for a little more than $200 on ebay in 1997 - made enough money on the pop top coins to cover a great many mistakes along the way.

Hey, it is possible all Memorial cents in high grade do nothing but tank from here. Then folks can gloat that they didn't buy any when they were overpriced. It is funny though how you rarely see a post ever entitled "What An Idiot I Was To Not Buy The 1948(p) Cent in PCGS-MS67RD For $200 When I Had The Chance A Few Years Ago"

Wondercoin

melikecoins

It was $2800 when there was only one not two.
That is not the coin wondercoin bought for $2800 anyway.
That coin was much better then this one.
I know that coin very well.

Glen

redcents

Glen,

It is pop 4 not 2 & yes, I know it's not "THAT" one as I still have a copy of the web page from "IT" on my hard drive.

I was just poking a little fun at Mitch as I assume he already sold it to Domino anyway long before the pop was no longer 1. In hindsight, we've ALL (at least all of us top pop memorial chasers) overpaid for something along the way. As Mitch said, some hold up & some don't. That's the chance you take in this game. No regrets on my end.

That's why perhaps Mitch thinks my buy prices seem a little too low but I'm pricing into them my assessment of the probability of expected future pop increases - perhaps more than some - heck since I'm the only one posting buy prices, more than everyone.

p.s. My "buy" on this is now down to $900 link. Anyone got the balz to go on record willing to pay more?

p.p.s. Mitch, you're $750 didn't hold up - neither did your $865 bid - (now who's buy price is too low)

RELLA

redcents,

I thought the trick was to encourage bidding when you're the seller and to lie low when you're the buyer.

RELLA

redcents

Roger,

Just having a little fun. If it goes over my "buy" price I'll just "lay low" for another to come along - which if & when it happens when the pop goes up the price will undoubtedly go BELOW $900 . I'm learning to be more patient lately.

wondercoin

"p.p.s. Mitch, you're $750 didn't hold up - neither did your $865 bid - (now who's buy price is too low)"

Roger: Would you expect them to in a 10 day auction with 9 1/2 days left?

Wondercoin

redcents

Actually I would have expected them to hold up until the last day or 2 if my "buy price" was not $900 AND I chose to snipe instead of bid . I'm surprised you chose to bid so high so early on instead of doing same (sniping).

wondercoin

Roger: Honestly, why did you decide to bid? If you theories are correct and your prudent approach to buying these Memorials employed, why would you bid on day 1 your full buy price for a pop 4 coin when you strongly believe the coin might become pop 10 before the auction even ends in 10 days? Unless, of course, your buy price for the pop 4 was "silly low" so you really were risking nothing?

Wondercoin

redcents

I can't publicly disclose ALL of my strategies but seriously, if that pop 3 79 in 8 would've went for $1,150.99 without me & Domino (meaning I have to assume you - and ALL others - including Dave "I pay too much for everything" Scheel that only bid $1,050 - thought it - $1,150.99 link - was too much) than for a pop 4 is $900 "silly low" or perhaps just a little low? Only time will tell. As for the possiblity of more being made, one has to weigh several different probabilities with one's own level of comfort.

But all good luck to you & any others that bid.

wondercoin

Roger: A couple final comments by me (hopefully) - of course my opinion only:

1. Chasbren got a terrific coin for his collection in that 79(p) MS68RD. I would have gladly paid more for the coin than the winning bid.

2. You should delete your "warning" on the BST board - that really isn't fair to do on a thread offering a coin, especially one where you are the current high bidder. No biggie, just a suggestion.

Wondercoin

redcents

1. Knowing Dr. Charles, he probably had it sniped for 3k. Yes, it was a cool get.

2. Done. You're right. I didn't think about it in that context. I guess here the opinion is OK? On the other hand, isn't it "fair" ESPECIALLY if I'm the high bidder? - Just kidding - I don't play that way.

wondercoin

"I guess here the opinion is OK?"

I think so, unless Cladmaker PM's you


Wondercoin

cladmaker

Hello Roger,
I appreciate you bidding on my coin, but DON'T OVERPAY ON THIS ONE GUYS!!! is not a very appropriate statment IMHO to post about another fellow collectors or dealers coin.
You have been a good customer of mine on eBay in the past and I would not go around posting DON,T PAY TO MUCH FOR TOTAL TRAVEL SOLUTIONS!!! This is my sole income and as it may be a hobby for you, statments like that do take affect and income off the table. Also, There is no guarantee on any (the 6 1971-s) submissions getting the grades we all would like!
Mitch, Thanks for your positive input on the subject.
cladmaker

redcents

" "I guess here the opinion is OK?"

I think so, unless Cladmaker PM's you"

Does his post instead of a PM count?

Ok. Sorry. I guess my assesment of the value of the information I had to potential collectors/buyers & fellow board members seems to be outweighed by (to my surprise) the apparent amount I've upset you (or damaged?: i.e. helped to restrain the maximium price you may get). For that I apologize. I promise to not share that type of inside info in the future. As to my assessment of the value relative to the observed price of the 79 in 8, that will have to stand. No hard feelings from me. I understand your position but some may ask, if you, as a seller, beleive that buyers should have as much info as possible to help them make the most informed judgement as to the value of what they are contemplating purchasing and whether board members should be allowed to freely exchange (even if unsollicited) any info they may feel is pertinent to other fellow board members.
I'm genuinely curious: & will defer to Mitch & the other more experienced - is it only OK to post things that DO NOT put downward pressure on a particular coin/date/grade, etc.? or only if it's not currently being offered for sale? or only if.......????

p.s. Was it OK for Glen to say "That coin was much better then this one" ?

Waldo

<< <i>Ok. Sorry. I guess my assesment of the value of the information I had to potential collectors/buyers & fellow board members seems to be outweighed by (to my surprise) the apparent amount I've upset ( or damaged: i.e. helped to restrain the maximium price you may get) you. For that I apologize. I promise to not share that type of inside info in the future. As to my assessment of the value relative to the observed price of the 79 in 8, that will have to stand. No hard feelings from me. I understand your position. >>



Inside info? Did the coins get the grade? Possible grades or grades we'd like to receive hardly count as inside info. As MoneyLA (Alan Mendelson) has proven we rarely get the grades we want/expect. It would appear to some that you attempted to influence the price, although I doubt this was the case.

wondercoin

"Does a post instead of a PM count?"

No, in that case, you've certainly done wrong

Wondercoin

redcents

No Mitch. What I meant was that you said the opinions were OK unless he PM'd me. He did not but made a post instead. Does that mean that the opinions (RE: this subject) are still OK on this forum (as opposed to the BST) or should the post be allowed to be substituted for the PM as per the guidelines in your original proviso as to whether or not this is OK here (on the registry forum)? Also, if someone chooses to use the registry forum to sell coins should they not be held to a higher standard of discussion/probing/investigation/inquiry, etc. than if it is simply a take it or leave it post on the BST board? I await your ruling but in the meantime I have ... (Don't take this too seriously) & what is your buy price on this anyway?

And just to clarify, I originally had NO idea that the originator of this post was the seller. I originally thought it was just a board member pointing out something of interest for other board members (and welcoming discussion of same) as it clearly does not state anywhere in the original post that this was a "sell" listing. Again SORRY.

wondercoin

Roger: I don't think anyone here could accuse the winning bidder of this auction (assuming it was a board member) of not making an "informed decision

Wondercoin

RELLA

1. I'm sure not going to post any of my coins for sale on this board if I'm going to be subjected to probing because of it.
2. If "informed" is the same as "confused" then yes, WC, you are correct.

RELLA

redcents

"why would you bid on day 1 your full buy price"

A possible reason is that it IS my REAL buy price and I'm willing to get it for that & no more.

Another (hypothetically) could my beleif that the price will go down in the near future but I'm still being willing to offer what I beleive is a reasonable and RATIONAL price today at CURRENT market levels (factoring in my assessment of the possible timing of future pop increases).

Another possible reason is that I just want to help push up the price for any number of reasons (which I won't elaborate on).

Another could be that I want to see who bids, how much, & when - "market research"

Another could be a beta test of a new anti-snipe approach to winning auctions with up front human interaction.

Another could be that I just felt like it.

Another could be that I'm just nuts.

I'm EMPHATICALLY NOT saying that any are right or wrong either partially or completely but some may say the first 2 look like good bets while others may say the last 2 are right on target - you'll have to be kept in suspense on this one. LOL

What is your "full buy price"? A secret?

Finally: "It would appear to some that you attempted to influence the price, although I doubt this was the case"

Are you saying that you doubt I was attempting to influence the price or that you doubt the I did influence the price?

Waldo

Finally: <STRONG> "It would appear to some that you attempted to influence the price, although I doubt this was the case"

</STRONG>Are you saying that you doubt I was attempting to influence the price or that you doubt the I did influence the price? >>



Um, er, both?

colorman3

I put together a very worthy set of Washington quarters in 99 and 2000. One of the coins that was difficult was the 71P in 7. IU won the coin on Teletrade for - $1,700. I believe cladking had his hand in and on this one. If another one was made today, I would gratefully pay 5-6 grand for it.

Mitch will vouch for me on this on.


colorman3

wondercoin

Colorman speaks the truth without question - and, even better news. I happen to have access to one of the original PCGS-MS67 1971 (p) quarters right this moment (pedigreed to Green/Registrycoin), so if you do want it today at $5500 the person I just bought the coin for will likely let me place it with you. Just say the word and I will try to get approval to sell you the coin this morning

Wondercoin.

cladmaker

well it topped the $900.00 mark earlier today and only 30 minutes to go on this one

redcents

Interesting that the buyer NEVER bought a coin on eBay before! link bid history
See their previous eBay purchases. Amazing they were NEVER outbid? Interesting that this was about 3-4 times MORE THAN the amount they EVER spent on 1 item.

Gee, you think there's a new player?

TWQG

<< <i>do I even need to add "yeah, rrrright >>



What an obnoxious implication. I don't see anything wrong in the links that you provided. Care to elaborate?

redcents

"<< do I even need to add "yeah, rrrright >>"

This just meant that I DON'T beleive (my opinion & I'm entitled to it) that this particular bidder IS a new BIG player in the Memorial market. Period. (I edited the above <<...>> out to eliminate the POSSIBILITY that I might offend someone else who ALSO misunderstood its' implication).

The implication is that the buyer doesn't SEEM to genuinely want the particular item in question (simply based on my assessment of his past purchase choices and spending levels) - for whatever reason (but hey, people constantly surprise you). I hope he wasn't just trying to mess with the seller. I hope he pays for it. If not I'm ready for the second chance offer. Sorry if that sounds obnoxious. What did you think I meant???

If the buyer is a board member I'd be VERY interested to know why the FIRST coin they ever bought on eBay EVER (at least under this user ID) was not only a cent, not only a Lincoln, not only a Lincoln Memorial, not only a TOP POP Lincoln Memorial, but a TOP POP Lincoln Memorial that was over $1,000. Just seems a strange way to jump into this game. I'd love to know if there was another big player emerging from the shadows. Perhaps this WAS his way of telling all that should know - "HERE I AM & I'M READY TO PLAY" - I don't know. Hey, if that IS what it WAS, that's GREAT news for you sellers

TWQG

Redcents, move away from the edit button. It'll make you go blind

cladmaker

Did anyone think that the winner may not have been around a computer to put a bid in and actually
had someone else (a friend) put it in for them!!! The winner must have had something more
important to do than LIVE on the boards all day

redcents

You know this to be a fact? So if what you're saying is right than so is what I said. Again, it just seems strange someone that would be willing to spend that kind of money doesn't have their own sniping account instead of bugging a friend who must've sniped it themselves since the bid came in with just 4 seconds left.

Russ

Redcents,

I guess those grapes taste mighty sour.

Russ, NCNE

wondercoin

Roger: Why are you attacking a guy who is working hard at assembling a 1962 "Mars Attacks" collection? Don't you see the connection between that project and gobbling up a great Memorial Cent? THINK!

Wondercoin

redcents

Russ, I'll still lay you 2:1 that the pop is AT LEAST 8 by the end of the year (or even money by the end of October)

MS67PLUS

Roger

Put me down for 1K at your 2 to 1 odds. This is a no joke serious post.

fantasiize

Not a mathematics major, odds maker or even a handicapper BUT would you not give better odds to that which was harder (i.e. to have 8 by October would be harder than to have 8 by December). So, the 2 to 1 odds be provided for October to "lure" the unsuspecting victim into an almost not so sure thing versus giving better odds to that which has more time to achieve ???

Inquiring minds want to know ... unless I missed something or it is late (and I can't think straight) ... or maybe that is why gambling is for the mathematically challenged ...

redcents

"would you not give better odds to that which was harder (i.e. to have 8 by October would be harder than to have 8 by December"

Of course, but if you noticed a lot of the posts other than mine, many DON'T THINK THE POPS WILL EVER GO UP AND I PREVIOUSLY SAID I BELEIVED THAT THEY WOULD - & FAIRLY SOON. I also "predicted" in another thread that this coin would sell for between $950 & $1,150 - I guess I just don't know the market - OR THE PLAYERS - at all!!!

Of course the gambling thing IS TOTALLY HYPOTHETICAL (I don't want to get banned for being the first bookie of the pops) , but to answer your question: If you are "betting" that the extra 4 WON'T get made, it is MORE likely they WON'T get made by 10/31 - the "favorite" - (my birthday by the way - which may explain a few things to y'all ), than that they WON'T get made by 12/31 - the "longshot" - i.e. time is your enemy and the more time you "give me" for them to get made the higher the probability of them getting made and thus the more you are going to want to be compensated (in the form of higher odds) to give me that time. Wouldn't I have to offer you, say 100:1 if I said that the pops will double in, say, the next 10 years to get you to "bet"? By the same token, wouldn't you be willing to give me 100:1 (or have me only give you 1:100) if I said the pops will double by tommorrow? You always get lower odds on the favorite relative to the longshot don't you? I think that you did conceptually "get it" but weren't clear which side I was on - the "house" or the "player".

cladmaker

HMMMM!
November 1st!!!
Pop still at 4 on 1971-s pcgs ms 67 red lincolns.
I thought there were more to be made by now.

redcents

Rick,

Haven't you heard? link

Someone quoted an "expert" saying that the now pop 2 73-D in 67 (currently TWICE as rare - or half the pop of the 71-S) will be AT LEAST pop 14 in 2 years. I guess (since they are the "Father of modern Lincoln's" and they MUST be right) that that also means that the 71-S will be pop 16 (if still 2 more than or pop 28 if still double) in 2 years. So set the clock for 10/29/05 - if I'm still wrong, you'll have 2 people (or 3) to flame. Now that's a pop explosion we should all fear!

"Your message board conversation with Roger is interesting. You should pose this question: Two years from now, will there be more 1973D ms67’s ... than 1990D ms69’s? Certainly, the pop of the 1973D should exceed the pop of the 1990D by least a dozen or more. Case closed!!! "

p.s. LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL

p.p.s. Thanks. I needed a good laugh today. The boards have been a little slow.

redcents

"Interesting that the buyer NEVER bought a coin on eBay before! link bid history
See their previous eBay purchases. Amazing they were NEVER outbid? Interesting that this was about 3-4 times MORE THAN the amount they EVER spent on 1 item.

Gee, you think there's a new player? "

Actually the buyer never bought another coin on eBay BEFORE OR SINCE but amazingly a second one became "available" a few days after the auction ended.

p.s. you resurrected it

cladmaker

I was bored today so i thought i would see if i could become some part of the threads. there was not much out there to respond to so i thought about
the old 1971-s thread we had so much fun with! thanks for the response on it Roger. See you in the auctions and message boards!

cladking

<< <i>I was bored today so i thought i would see if i could become some part of the threads. there was not much out there to respond to so i thought about
the old 1971-s thread we had so much fun with! thanks for the response on it Roger. See you in the auctions and message boards!
>>



You probably already voted but it would be great to hear your opinion in the mint set/ BU roll thread.

redcents

I have NO first hand knowledge of the subject, but everyone I know making the coins (a fair number of people) is getting them out of rolls & bags.

cladking

<< <i>I have NO first hand knowledge of the subject, but everyone I know making the coins (a fair number of people) is getting them out of rolls & bags. >>



Is this in reference to only the cents? Does it apply to the post 1964 coins?

redcents

Only applies to Lincolns, especially so to Memorials.

BigJack

Looks like it's 6 of one & a half dozen of the other as the pop is now 6 with 26 days until the end of the year.

Of course you'll have to look at someone's registry set to see the REAL pop.