1932-D Washington's just keep going up, and up, and up!
TommyB
Posts: 676
PCGS MS63. $3,500.00 before the juice. Wow.Superior Auction
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Myriads
Wondercoin
Les
I sold a few AU lincolns to a dealer at the Money show for greysheet bid. I dont use that price guide any more since it's pretty much worthless on the MS Lincolns. Anyway, the old greysheet that I had was from August of 2002. My dealer friend had a brand new one. Out of four coins in AU (all pre 1930), every one was the same on both sheets.
David
Will do. I was trying to get a better coin, though... "trading up." He was selling that coin to me at the SAME price that I sold it to him two years ago... well I sold it to him two years ago today, according to the sticker. Anyhow, I wanted him to make some money off those coins b/c he was, in effect, losing money on the coin he was selling back to me. Holding a coin for two years, and selling it at cost IS losing money. I quoted him some dirt cheap prices on a few slabbed coins too.
David
K S
Not hardly. These folks are absolutely BURYING themselves in these 32d&s Washingtons.
One dealer we know (no names or "the source") that amassed about 1/3+ of the total pops on both mints in 63 to 65 both services up until about from 2 to 3 years ago or so and has simply run up the bid prices since while currently unloading at phoenominal profits. Add it up. I mean focusing on 2 date/mm key washingtons, look at what they are turning for because the "sheet" says so. From a couple yrs ago:
The 32d in 63 is still a $450-500 coin
in 64 is still a $1500 coin
in 65 is still a $3500 max, coin
The 32s in 63 is still a $275-300 coin
in 64 is still a $675-725 coin
in 65 is still a $1800-1900 max coin
Well ? you ask. How is this possible ?
like *snap* it happens every single day. It is called unpunishable,but blatantly obvious market manipulation.
The bids simply get run up on the dealer teletypes once most have been silently like "yawn no big deal" been bought up,but no coins get purchased beyond that certain level,or maybe the occasional fluke or 2.
Why? Because they were all purchased low key,silent and when found wherever they were found.
Just simply bought up, the open market simply now has much fewer to offer..
Ahem...except at "created" newly formed "ransom" prices.....
Unfortunately, collectors,ill-advised investors now rush towards the ransom prices
Sorry, this is how it works folks......
If you want to make a 2-3 yr quintuple market play on guppy items such as these, you do it very silently and unexcitedly. Then you cash in.......The market soon readjusts, you can even force it back down with minuses and play it again from bogus sells or asks that never take place but result in minuses on the blue and grey sheets on the same exact coins. Hello ?
Requirements? you need a couple a hun g to hang with to turn 5x or so in a just a few years
Enlightening, isnt it ?
If this were a regulated industry,most of the major players would be in fed courts for fraud, deception and major market manipulations. Flat out,black and white.
This is not a supply demand industry like natural gas or automobiles
In the upper crust of the coin market it is controlled for completely selfish profits and agendas by a select 10% or so of the upper crust dealers with heavy cash. SECRETS off the record are ABOUND.
Collusion and co-participation are absolutely required ingredients to bake the cake.
It's like a free for all for those few who BURY you in these coins with your full cooperation in an indirect way
Looking for PCGS AU58 Washington's, 32-63.
If those 65's were truly 65's then 15 and 18k were an indication of slightly lower prices. Last year, every decent 65 I asked about was way into the 20k range.
Watch out for the 32-d un-appealing dogs, cause thier out thier holdered along side the good quality ones. (yes PCGS)