Okay, let's see somebody do THIS with "classic" coins!

Russ

Cost: $18 each.
Value: $900 each.
Laughing at modern bashers: Priceless.



Russ, NCNE

mgoodm3

I'll give you tree-fitty for em both.


Good pick.

Coinerww

I will pay you $18 for that.

Coinerww

I will even pay $50 for both.

TWQG

but dupes sed theyz only wurth $400

ms70

<< <i>Value: $900 each. >>



If you have a buyer!

PhillyJoe

Only a modern fool would spend good money slabbing $18 coins.

Joe

RYK

I will give you ten cents for the two.

Russ

<< <i><< Value: $900 each. >>

If you have a buyer! >>



One was sold before they even got back, and he got it cheap at $750.

Russ, NCNE

relayer

That's some pretty expensive plastic

eagle7

I was wondering when you were going to show those things Russ! Nice score!

Coinerww

I thought the ink was expensive.

paigowjohnny

<< <i>One was sold before they even got back, and he got it cheap at $750 >>





wow....

bearcave

<< <i>

<< <i>One was sold before they even got back, and he got it cheap at $750 >>





wow.... >>



I agree, double WOW!

nwcs

Russ, looks like you need that SMS quarter of mine. You're right, though. It's harder to do it with classic coins. Or is it? I'm finding that trying to locate high quality moderns is a lot more difficult than I ever expected.

MadMarty

I guess you were right, tape a $50 bill to the back of the flip and BINGO!

Russ

<< <i>I'm finding that trying to locate high quality moderns is a lot more difficult than I ever expected. >>



It is for the 1970 and earlier material, that's for sure.

Russ, NCNE

ksteelheader

Me likes! A lot!!!

originalisbest

Way cool Russ - and not bashing here - but were they procured only after looking through many, many sets? Did the person you got them from realize their potential value, or had they not half a clue? Reason I ask is I do believe most knowledgable collectors would know to snap up such items at such a price - so I figure you had to do some legwork to turn those up.

I had an opportunity as a yute, 10 years ago, to get 5 '70 proof sets that were disgustingly B&W cameos - drop-dead gorgeous, all coins, all in their original fresh boxes. That is, I thought I did... the dealer who had 'em wasn't interested in selling, and when pressed for a price, wouldn't give me one. Because I was a kid? Because he figured he didn't know the right price to get (why did he let me look thru his sets, then!?) At least none were SD cents, anyhoo.

Oh well!

nwcs

<< <i>

<< <i>I'm finding that trying to locate high quality moderns is a lot more difficult than I ever expected. >>



It is for the 1970 and earlier material, that's for sure.

Russ, NCNE >>

I'm finding it extending even to about 76 with certain exceptions.

XpipedreamR

60's isn't modern.


Modern starts with 1970.

Catch22

Oh yeah, right, bash us old classic guys. We can do that too, yaknow. We just crack out our stuff and send it to ACG.

Russ

<< <i>but were they procured only after looking through many, many sets? Did the person you got them from realize their potential value, or had they not half a clue? >>



It's always a matter of searching many and buying many sets. Nice thing is, though, that when you don't score anything decent you can usually recoup most of the purchase cost by selling the sets so the hunt, while a lot of work, is inexpensive.

In the case of these two, they were in a group of seven sets I bought from a dealer at $14.50 each. The group also netted a couple cameo halves and a cameo quarter.

Russ, NCNE

Barry

I'll give you 9 cents for them. I'm charging 1c cuz I have to crack them out.

SanctionII

Russ, Tip of the hat to you.

Fairlaneman

Nice score Russ but they are still modern's. Heck someone has to make a buck or seven hundred.

Ken

Bustman

I can make a heck of a lot more profit on two of my classics!

Stuart

Russ: Nice pick-ups, and more importantly good eye!!

Russ

<< <i>and more importantly good eye!! >>



I have a terrible eye. I thought they'd only grade cameo.

Russ, NCNE

Myqqy

I'm finding that trying to locate high quality moderns is a lot more difficult than I ever expected.

I think this is true.... but the neat thing is that any dumpy, hole-in-the-wall coin shop is going to have old sms sets and proof sets lying around, and can give you an opportunity to do a little treasure hunting......

tmot99

<< <i>

<< <i><< Value: $900 each. >>

If you have a buyer! >>



One was sold before they even got back, and he got it cheap at $750.

Russ, NCNE >>



Then it wouldn't be worth $900, then would it?

astrorat

<< <i>

<< <i><< Value: $900 each. >>

If you have a buyer! >>



One was sold before they even got back, and he got it cheap at $750.

Russ, NCNE >>



Now what was that quote from P.T. Barnum . . . ?

Lane

Russ

<< <i><< << Value: $900 each. >>

If you have a buyer! >>

One was sold before they even got back, and he got it cheap at $750.

Russ, NCNE >>

Then it wouldn't be worth $900, then would it? >>



Might be worth more. The buyer hit me up before I checked auction history. $900 is the lowest realized price I found.

Russ, NCNE

cladking

<< <i>

<< <i>

<< <i><< Value: $900 each. >>

If you have a buyer! >>



One was sold before they even got back, and he got it cheap at $750.

Russ, NCNE >>



Now what was that quote from P.T. Barnum . . . ?

Lane >>



Selling a $900 coin for $750 isn't necessarily a sucker move especially in moderns.

Baley

Okay, let's see somebody do THIS with "classic" coins!

OKAY!

Russ

You have to do it with two, Baley.

Russ, NCNE

Baley

I'm still looking for another one!

coinkat

congrats Russ... no modern bashing. collectors should buy what they want and have fun. In the matter of taste, there is no dispute... until the plastic gets in the way...

nankraut

Holy smoke!

MadMarty

astrorat

<< <i>Selling a $900 coin for $750 isn't necessarily a sucker move especially in moderns. >>



I was not commenting on the coin selling for less than its "value", I was just teasing Russ about finding somebody who would pay $750 for one of those nickels.

Great for him and not a bad flip.

Lane

Baley

those are among the best nickels made, a great year I might add, (my birthdate)
those Jeffs are holding up in better condition than me!

doop

<< <i>but dupes sed theyz only wurth $400 >>


and that would be about correct, unless they were absolute moose monster full gut ultras

classiccoin

"Cost: $18 each.
Value: $900 each."

that's why moderns are a joke, all the value is in the plastic

classiccoin

also, try breaking those two coins out of their plastic and then try getting 750.00 each for them, or even 1/10th of that, high grade certified modern coins are proof positive there's a sucker born every minute, and two russ's to take em

roadrunner

You can't do that with classics because the coin is the real item of value not the plastic. The modern market is certainly very strange in this regards. Hype does come to mind when the same coin raw is only $18. This is exactly what helped to blow apart the market in 1989-1990. Plastic is what was selling and coins were being ignored. Everything could be sold sight unseen, even if ugly. It was one of the reasons I left the market in late 1989 because it just made no sense.

roadrunner

doop

<< <i>also, try breaking those two coins out of their plastic and then try getting 750.00 each for them, or even 1/10th of that, high grade certified modern coins are proof positive there's a sucker born every minute, and two russ's to take em >>


heh...he probably bought ours off TT

cladking

<< <i>You can't do that with classics because the coin is the real item of value not the plastic. The modern market is certainly very strange in this regards. Hype does come to mind when the same coin raw is only $18. This is exactly what helped to blow apart the market in 1989-1990. Plastic is what was selling and coins were being ignored. Everything could be sold sight unseen, even if ugly. It was one of the reasons I left the market in late 1989 because it just made no sense.

roadrunner >>



I ttt'ed this thread again.

cladking

<< <i>"Cost: $18 each.
Value: $900 each."

that's why moderns are a joke, all the value is in the plastic >>



Cost: $18 each
Current price: 10% of an equally rare classic.
Buying it from a modern basher: Priceless.

Baley

I like nice coins no matter how old.

roadrunner

When this "recession" gets real ugly down the road a bit, it will be interesting to see what holds up better, classics or moderns. Who will bail out first when the mortgage is due on an advancing ARM.
Will those DCAM SMS Jeff's hit the market first or an MS64 seated half? It will be interesting to see how this turns out. Both are about $900. You know how my vote is cast.

roadrunner