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You have to love this pricing logic

sonofagunksonofagunk Posts: 1,349 ✭✭
in PCGS Set Registry Forum
Saw an ebay listing for: 1965 SMS set - all MS68/MS69 CAMEO - $353K
ebay link

So I asked:
Just want to know where you got your prices. I am interested in other things you have posted, but if you really believe what you are posting here, I am not sure I can trust your other postings

and I received this response:

pcgs.com/prices However, all but one of the coins is off the pcgs scale. The 1965 SMS 1c Lincoln at MS69 DC is to set to $575 at MS65 CA. This coin is 4 grades above that and it is DC, not just CA. The coin starts at 10 and goes to $2500 at MS69 in regular. So, $575 * 250 = $143,750 for just CA so multiply by 2 for DC and round up - gives a low $300,000 value. The 1965 SMS Jefferson 5c caps out at $3000 for MS67 DC and this is two grades higher. So, the next grade would be $6000 and nest higher grade would be $12000 (at least) and so I lowered it down to just $10,000. The 1965 SMS Roosevelt 10c list at $900 in MS68 CA and this is MS69 DC. A major coin company has listed this exact coin PCI MS69 DC for $50,000 (I have pictures to prove it) and I am listing it as just list $15,000 The 1965 SMS Washington at MS69 CA was taken from the $1650 in MS67 and this is MS69 which is two grades higher. The $25000 is not out of range. The 1965 SMS Kennedy is listed as shown at $3000.

eBay Error Sales

Comments

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    Dan50Dan50 Posts: 1,809 ✭✭✭
    Yeah, but does he have a layaway plan??? image
    Dan
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    Steve27Steve27 Posts: 13,274 ✭✭✭
    "Probably the highest 1965 SMS set ever sold on ebay."

    That's highest priced.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
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    docday2003docday2003 Posts: 1,100


    << <i>Yeah, but does he have a layaway plan??? image >>



    yes, actually his listing does include an option for financing!
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    TypetoneTypetone Posts: 1,622 ✭
    Great looking set. That Lincoln is particularly is one great looking DCAM. $353K seems like a bargin. Should go for at least $1/2 million, I should think!

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    CameonutCameonut Posts: 7,258 ✭✭✭✭✭
    image

    I was thinking of bidding $35, but I guess he thinks this junk is worth an $800 starting bid. I sure hope nobody falls into this trap.

    There oughta be a law.

    “In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson

    My digital cameo album 1950-64 Cameos - take a look!

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    RussRuss Posts: 48,515 ✭✭✭
    Apparently this seller attended the Crapmovers school of "proximal relationship" valuation.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
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    XpipedreamRXpipedreamR Posts: 8,059 ✭✭
    Looks all good to me.
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    CurrinCurrin Posts: 1,516 ✭✭✭✭✭
    Let's see... If I had $350K, would I spend it on the 1965 want-to-be proof set or buy a Proof-63 1885 Trade dollar? ummm tough choice, any suggestions?
    My 20th Century Type Set, With Type Variations---started : 9/22/1997 ---- completed : 1/7/2004

    My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
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    mercurynutmercurynut Posts: 3,207
    Dang! Not enough in my piggy bank for that set....image
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    GerryGerry Posts: 456 ✭
    Paul - he must be getting his M.B.A. from one of those other schools in NYC image (I hope)
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    MrPlatinumMrPlatinum Posts: 461
    WOW nice set what a deal I think I'll take 20 sets like that one! Someone (idiot) oops should jump on it. image
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    TypetoneTypetone Posts: 1,622 ✭
    Why isn't anyone bidding? The set is worth $353K, but its starting at just $800. OK, so maybe $353K is high, and its only worth $250K, it's still a deal isn't it. Heck, a 65 Lincoln in 69DCAM has got to be worth a fortune. Is everyone just waiting until the last minute to try to snip it? I was getting ready to put in a hidden bid of $1/2 million, but I am thinking now of going in for less.

    image

    Just look at that DCAM Lincoln
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    MoneyLAMoneyLA Posts: 1,825 ✭
    So... what's the price after discounting for the pcgs cross to a pcgs grade? cheers, alan
    Cheers, Alan Mendelson
    www.AlanBestBuys.com
    www.VegasBestBuys.com
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    Dennis88Dennis88 Posts: 5,797 ✭✭✭
    That quarter actually looks nice IMHO

    Dennis
    VOC Numismatics
    Like VOC Numismatics on facebook
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    sonofagunksonofagunk Posts: 1,349 ✭✭
    yea, but in that picture even the slab looks like it is DCAM!!!!


    here is a picture of one of his other autions
    image

    eBay Error Sales
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    relayerrelayer Posts: 10,570 ✭
    I'm not sure why he'd post that question on his ad image

    Q: Are you trying to sell $40 worth of coins for $800 by saying they are worth $353,000? Do you think anybody will fall for that con?
    image
    My posts viewed image times
    since 8/1/6
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