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Any Speculation as to why this SMS 1998-S Kennedy sold at a 25% Discount?

braddickbraddick Posts: 23,963 ✭✭✭✭✭
in U.S. Coin Forum
I just picked up this Kennedy off of eBay:

SP69 1998-S Kennedy

These generally sell for anywhere from $250 to $290. holdered in the 69 grade.
Can you identify the reason why this one sold for a little over $200.?

peacockcoins

Comments

  • kieferscoinskieferscoins Posts: 10,017 ✭
    It is nearing Christmas and bargains are plentyful. Not as many people are bidding I have noticed, and you might be able to pick up some good coins in the next few weeks.

    Cameron Kiefer
  • DHeathDHeath Posts: 8,472 ✭✭✭
    I agree. Looks like a bargain. I bought one last August during the doldrums for $205, and it was the cheapest I'd ever seen one sold. I believe the next few weeks will be quiet as many are occupied elsewhere. I think I'll shop some. image
    Developing theory is what we are meant to do as academic researchers
    and it sets us apart from practitioners and consultants. Gregor
  • braddickbraddick Posts: 23,963 ✭✭✭✭✭
    Cameron and Don (and, others), look again. A little closer this time...

    You'll catch it...

    image

    peacockcoins

  • airplanenutairplanenut Posts: 22,148 ✭✭✭✭✭
    Title says NCG, not NGC
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • kieferscoinskieferscoins Posts: 10,017 ✭
    I wasn't looking for an error in the title. You tricked usimage

    Cameron Kiefer
  • DHeathDHeath Posts: 8,472 ✭✭✭
    image

    I missed that. Nice catch. image
    Developing theory is what we are meant to do as academic researchers
    and it sets us apart from practitioners and consultants. Gregor
  • braddickbraddick Posts: 23,963 ✭✭✭✭✭


    << <i>Title says NCG, not NGC >>

    imageDing!! Ding!!! Ding!!!! image

    Less collectors caught this auction thus fewer bids.

    I made the same mistake a couple of years ago listing a 1974-S NGC MS68 Ike as an NCG. It sold for about half what it was worth. I know, because the buyer instantly flipped it back on eBay where it garnered the higher price!

    Ever since then I'll check NCG on eBay and will turn up a score.

    peacockcoins

  • TUMUSSTUMUSS Posts: 2,207 ✭
    I think it is SOLEY because it is in NGC plastic instead of PCGS plastic. Just my thoughts.
  • fcloudfcloud Posts: 12,133 ✭✭✭✭
    I'm selling a bunch of coins that started to end yesterday and will complete tomorrow. Most are going under what they should sell for. I think it is simply a bad time to be selling. People are getting ready for Christmas.

    President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay

  • RyanaRyana Posts: 247
  • braddickbraddick Posts: 23,963 ✭✭✭✭✭


    << <i>I think it is SOLEY because it is in NGC plastic instead of PCGS plastic. Just my thoughts. >>

    Same Coin. Same Grade. Same Holder. Closed at 35% more. Within days of the one I purchased.

    peacockcoins

  • TUMUSSTUMUSS Posts: 2,207 ✭
    I stand corrected. Please also notice that the second coin was listed in multiple categories.....did this help???

    I made that statement because I have seen similar coins in opposite holders have a disparaging gap in prices.
  • itsnotjustmeitsnotjustme Posts: 8,777 ✭✭✭
    I bought one a year or two back for $220, but that was from a board member who gave me a good deal!
    Give Blood (Red Bags) & Platelets (Yellow Bags)!
  • Conder101Conder101 Posts: 10,536 ✭
    Darn for just a moment I thought you had actually turned up something in an NCG slab other than a Morgan dollar. Frankly just turning up an NCG slab nowadays would be surprising.
  • SmittysSmittys Posts: 9,876 ✭✭✭✭✭
    Just as a point did a search for NCG 13 coins listed wrong.
    image
    https://www.ebay.com/str/christyscoins
  • BigEBigE Posts: 6,949 ✭✭✭
    Try re-listing it as PGCS and see if it brings moreimage---------------BigE
    I'm glad I am a Tree
  • IrishMikeIrishMike Posts: 7,737 ✭✭✭
    I remember when these were selling for $300 plus. However I see that on Teletrade PCGS coins were selling for $240 so this price seems only a little low maybe more along the line of 10-15%.
  • braddickbraddick Posts: 23,963 ✭✭✭✭✭


    << <i>I remember when these were selling for $300 plus. However I see that on Teletrade PCGS coins were selling for $240 so this price seems only a little low maybe more along the line of 10-15%. >>

    What about Teletrade buyer's fees?!
    (eBay doesn't have buyers fees.)

    Really, even with the low price of $240. when you factor in their fees this one on eBay still went for a 20% discount. Plus, that $240. price was on the low end, even for Teletrade.

    Does anyone really believe had this Seller simply listed this coin using NGC correctly in the header vs not, it would have sold for the same amount?

    peacockcoins

  • eagle7eagle7 Posts: 1,441
    What is the difference between that one and this PCGS MS69 which just sold on EBAY a few minutes ago. This PCGS coin was less than 220.

    Text
    In an insane society, a sane person will appear to be insane.
  • kieferscoinskieferscoins Posts: 10,017 ✭
    No difference. I think I am still right in that there are less bidders now with the holidays fast approaching and people have to buy gifts.

    Cameron Kiefer
  • braddickbraddick Posts: 23,963 ✭✭✭✭✭
    Excellent points made in the last two posts.

    Maybe now is the time to snatch these up?

    I can't see them going much lower.

    peacockcoins

  • eagle7eagle7 Posts: 1,441
    I didnt want one of these, but if I had, I would rather have the one in the PCGS holder. And it was not mis-listed in the title. It sold for the same as the "NCG".
    So I think, at least in my situation and taking into account my preferences, the PCGS coin would have been the better buy. But I did not want one at all so it is really a moot point other than to have something to talk about on this thread! image
    In an insane society, a sane person will appear to be insane.
  • IrishMikeIrishMike Posts: 7,737 ✭✭✭


    << <i>

    << <i>I remember when these were selling for $300 plus. However I see that on Teletrade PCGS coins were selling for $240 so this price seems only a little low maybe more along the line of 10-15%. >>

    What about Teletrade buyer's fees?!
    (eBay doesn't have buyers fees.)

    Really, even with the low price of $240. when you factor in their fees this one on eBay still went for a 20% discount. Plus, that $240. price was on the low end, even for Teletrade.

    Does anyone really believe had this Seller simply listed this coin using NGC correctly in the header vs not, it would have sold for the same amount? >>



    Pat, my guess is the ones that sold at $240 were the reserve and given the price of the PCGS coin with only two bidders it would confirm for at least now that the price has reached a new recent low, regardless of the reasons. I can remember Heritage auctions where $300 was the reserve. I think its obvious that the two sellers on Ebay and Teletrade set their reserves to reflect the reality of today's price. I would speculate that a $300 reserve would not be met at the present, its the way of the coin market. image Who knows if the price will return?

    Lastly Pat the $240 was for a coin graded by PCGS so factor in the discount for an NGC coin and I still maintain my number is correct.

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