Continued Example Of Ridiculous Attempts To Overprice ~ OR ~ They Just Won't Stop!
redcents
Posts: 734 ✭
OLD: link 1 
link 2 link 3 
NEW: link 1link 2 link 3
The 3rd link (in both instances) is the REAL "market determined" price (& seems like the nicer coin also). On the "OLD" line "link 3" is an ACTUAL sale that took place. On the "NEW" line "link 3" is a "Buy It Now" which is as good as a real sale (on the upside).
If this is not a deliberate attempt to leverage a name in order to overcharge than someone needs a serious dose of reality (at least as far as Lincoln Memorials go).
Oops! Here's another one: OLD: linkNEW: link & another! OLD: link NEW: link
& yet another link (they've been trying to dump this dog for almost a year now). 
HAVE THEY NEVER HEARD OF NO RESERVE STARTING AT A PENNY?).
p.s. If anyone doth protest that their prices are "fair" I'd be happy to sell you ANY one for 10% less.
link 2 link 3 NEW: link 1
link 2 link 3 The 3rd link (in both instances) is the REAL "market determined" price (& seems like the nicer coin also). On the "OLD" line "link 3" is an ACTUAL sale that took place. On the "NEW" line "link 3" is a "Buy It Now" which is as good as a real sale (on the upside).
If this is not a deliberate attempt to leverage a name in order to overcharge than someone needs a serious dose of reality (at least as far as Lincoln Memorials go).
Oops! Here's another one: OLD: link
NEW: link & another! OLD: link NEW: link & yet another link
(they've been trying to dump this dog for almost a year now). HAVE THEY NEVER HEARD OF NO RESERVE STARTING AT A PENNY?).
p.s. If anyone doth protest that their prices are "fair" I'd be happy to sell you ANY one for 10% less.
0
Comments
Someone in Heritage must think Proof Lincoln is RED HOT
Hey, where are the morden haters?
Those Heritage coins are possibly consigned coins, which go through a series of steps to be sold - one step being that they are offered for sale on ebay. If that is the case, then Heritage's consignor who may have set the asking price simply lost track of the fact that the prices have come way down on these proof Lincolns. Heritage also might simply check prior auction histories to confirm the fact that there is "history" of this price level. It doesn't get all sorted out for a while, until the consignor (and/or Heritage) see the new (low) level.
I highly doubt Heritage is "intentionally" trying to sell coins at upwards of 4x their current value - but, your thread does point out how it is important to be "up to speed" on modern pricing - especially true in the Lincoln cent market
Wondercoin
You bring up 2 very interesting points. Let me answer them in reverse order. First, if anyone should be "up to speed" on the current market values of these should it not be them (especially).
Second, assuming they are "up to speed" doesn't it seem that they would be letting their image be tarnished to accept consignments at totally unrealistic prices?
Just my thoughts.
If not for my explanation above, perhaps your "he who lives in glass houses" analogy might have merit. But as for the prices I'm observing on the links in question, I think you'd be hard pressed to make a case for their "reasonableness" at this point in time. Of course, that's just IMHO
Mark: Your point being this, I assume:
1. Roger gets "lucky" and sells (2) pop 1 PR70DCAM Lincolns at something like $15k-$20k/pair. Better yet, Roger has NOT sold the coins yet and is still asking that price for the coins.
2. Next week, both coins become pop 3/0 and are being offered by that lucky submitter at $2500/coin.
3. Someone points out that Roger is offering his coins at 3x current market in "A REDICULOUS ATTEMPT TO OVERPRICE".
What does Roger say now? I assume the same thing Heritage might say if they were shown a fresh market level at 1/3 current asking price?
Wondercoin
Part of my answer is in my previous reply (as to whether or not I still have them).
As for the rest, I'd make book you couldn't show them "current" market data & get them to lower the price anywhere near the 1/4-1/2 that they are actually worth. Of course I would not embarass myself (much like I beleive this person is doing to himself link - hey, I'd gladly sell you one of those for 1/2 of that price) & try to sell them at that same level if someone else was selling them for 1/3 (whether bofore OR AFTER the pop was now 3).
Of course I'm also hoping to be the purchaser when the pop doubles (i.e. goes from 1 to 2)
With all due respect, any comparisions to the 1963 Lincoln are silly IMHO. First, it is generally unnacceptable to use perhaps one of the most EXTREME cases of "auction exhuberance" in the history of 20th century auction sales as your example. Or at least be reasonable and mention the first sales price on the 1963 coin - the roughly $2k FULL RETAIL it sold for by R&I as I recall? Then, you can at least use a blended sales price of $20,000 on that particular coin
Second, your 1999, 2000 sell for roughly $10 - $15 in PR69DCAM. $10,000 is roughly a 1000x jump between grades!!!! At least the 1963 in PR69DCAM is a couple hundred dollars in the PR69DCAM undergrade making the jump to PR70DCAM only around 200x at $40,000
1000x jump between grades - is that the world record?
Wondercoin
No less so than comparing the 2 I had with the links I've provided for their coins - again, not in the same league.
"First, it is generally unnacceptable to use perhaps one of the most EXTREME cases of "auction exhuberance" in the history of 20th century auction sales as your example."
That's why my starting price was OVER 80% less ($7,500).
"Or at least be reasonable and mention the first sales price on the 1963 coin - the roughly $2k FULL RETAIL it sold for by R&I as I recall? Then, you can at least use a blended sales price of $20,000 on that particular coin"
How could I possibly have been privvy to that if it wasn't a public auction record?
"$10,000 is roughly a 1000x jump between grades!!!!"
They are AT LEAST 1000 times rarer in that grade. Uh, can anyone say $22,000 for a pop 3 (I think) 1940 (I think) MS68 Lincoln?
"1000x jump between grades - is that the world record?"
So what do you want me to do?
Stop breaking my chops for something over & done with. My post was for something going on right now. You REALLY don't want me to strart offering my opinion on the prices of your offerings - DO YOU ?
And with all due respect to you, Mitch, until you start offering SPECIFIC amounts of YOUR money for these you really don't have the standing to criticize the levels in any case. What was that saying, "put up or shut up"?
And, how exactly was anyone supposed to know your (2) PR70 coins were long gone? You did not make an announemcent back when they sold did you? Come on
And, 1000x jump between grades is remarkable whether the coins sold or not. Your comment that those PR70 coins are "1000x rarer" is obviously an opinion you are entitled to
Wondercoin
Wondercoin
2. I should've said the PCGS pop was LESS THAN 1/1000th (totally objective) not 1000 times rarer (more subjective but perhaps still true).
p.s. I beleive most if not all my edits were for wording, grammar, spelling, punctuation, underlining, bolding, etc. I haven't "moved any target" as to the substance of what I was saying AT ALL - I PROMISE