Blanchard will not stop!!!

GottaGetCoins

Calling me to buy a 1854 Type 2 Gold $1 MS63 for $17,300. This after telling them I wouldnt pay anywhere near that for a coin.

Heritage recently realized $11,500, CoinValues has it at $10,000.

Are they trying to make $7000 on this coin? Or did they just buy it slightly lower than $17,300?

Stuart

How did Blanchard get your phone number??

GottaGetCoins

My bad...I called them when I saw their website advertised. Their prices are out of whack and I gotta believe with their size their cost is pretty low.

sadysta1

Is this the one and the same?

Holder

jbsteven

I get all sorts of people calling me trying to sell me investment opportunities and what not.

I always tell them I just filed for bankrupcy. They always hang up at that point.

Stuart

Yes Jason: I agree that the quickest way to end the conversation is to politely tell them that you have no money... Amazing how fast they will move on to the next sales "opportunity"

GottaGetCoins

"there are 40 brokers here, this coin wont last"

"I know it sounds like a lot but this coin will get sold today"

"Our trading department MIGHT get a coin in, do you want it IF we get it?"

BillJones

In Blanchard’s defense the variations in quality for this coin can be great within the MS-63 grade. I’m not saying that what they are selling is better. I’m only saying that the possibility exists.

First I have been very disappointed with the quality of the better gold coins that I have seen in AU and low end MS holders for both PCGS and NGC pieces. I’ve yet to see a REAL Mint State Type 2 Gold Dollar or Three Dollar Gold Piece in an MS-60, 61 or 62 holder. I’ve also been very disappointed with the MS-63 Three Dollar Gold Pieces that I have seen a shows. Last spring I had “the real thing” on consignment, and I’m still kicking myself for not buying it. Maybe Blanchard is offering you “the real thing” and maybe not; but that could account for the price

Second, the Type Dollar Gold Pieces are notorious for weak strikes and mint caused problems. This is the primary reason why the design was only issued for parts of the three years. The head of Ms. Liberty was too high, which resulted in a loss of detail on Ms. Liberty’s head and on the date opposite her head on the reverse. Some of these coins have dates that are barely readable although the coin itself is EF, AU or even Mint State.

Third, I’ve seen a fair number of 1854 Type Two Gold Dollars that were struck from worn and rusted dies. This did not improve their appearance.

Blanchard could be just overcharging you, but I could see the possibility where a real “PQ” piece could be worth a strong premium.

LovethoseIndians

I just wish I had $17,000 I could put my hands on right now...hahahaha....Remember a coin is only worth what someone is WILLING to pay for it I guess is the operative phrase here.

mrearlygold

Blanchard is not a numismatic company. It's a sales company. They put a set percentage on top of whatever their alleged costs are like a car dealer.

TP

BillJones

Yes I agree with you in general, but sometimes odd sources can yield interesting material. The trouble is you have to see the coins, and there's (perhaps) the rub. (Pun intended.)

GottaGetCoins

<< <i>Blanchard is not a numismatic company. It's a sales company. They put a set percentage on top of whatever their alleged costs are like a car dealer.

TP

>>



I undertstand they charge a % above cost, thats OK. But what percentage? Seems like 30-50% and THATS assuming they get the coins at prices we can get them at. I must believe they get them cheaper.

mrearlygold

<< <i>

<< <i>Blanchard is not a numismatic company. It's a sales company. They put a set percentage on top of whatever their alleged costs are like a car dealer.

TP

>>



I undertstand they charge a % above cost, thats OK. But what percentage? Seems like 30-50% and THATS assuming they get the coins at prices we can get them at. I must believe they get them cheaper. >>




I believe it goes by the pop, believe it or not.

Pretty murky.

TP