You have to love this pricing logic
sonofagunk
Posts: 1,349 ✭✭
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 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
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Comments
That's highest priced.
<< <i>Yeah, but does he have a layaway plan???
yes, actually his listing does include an option for financing!
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!
Russ, NCNE
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
Just look at that DCAM Lincoln
www.AlanBestBuys.com
www.VegasBestBuys.com
Dennis
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here is a picture of one of his other autions
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?
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since 8/1/6