This is absolutly crazy...............
DIMEMAN
Posts: 22,403 ✭✭✭✭✭
I have been waiting for the 1950-P dime on teletrades auction today.
It's a pretty coin and I need it for my silver roosey set and my complete date set. I'm trying to get all P-mint for this set.
It lists at $55 on the PCGS price list, which is retail. So I thought I would go all of that and maybe a little more.
WRONG!!!!! I went out to place a bid on it and somebody has it up to $220!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Did they mean to bid $22 and hit the zero by mistake????????????????????????????????
What the h*ll is going on here!!!
Jon
It's a pretty coin and I need it for my silver roosey set and my complete date set. I'm trying to get all P-mint for this set.
It lists at $55 on the PCGS price list, which is retail. So I thought I would go all of that and maybe a little more.
WRONG!!!!! I went out to place a bid on it and somebody has it up to $220!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Did they mean to bid $22 and hit the zero by mistake????????????????????????????????
What the h*ll is going on here!!!
Jon
0
Comments
TT = Hot
EBay = Cold
BST = Volume set to low
Heritage = Hot for Top/Top/pop = Cold for all else
Badger
Link to 1950 - 1964 Proof Registry Set
1938 - 1964 Proof Jeffersons w/ Varieties
I saw a several nice proofs at Heritage that would upgrade my collection within grade. Better quality within the same grade. I bid 50% over the last recorded bids and logged in the next day expecting to pay the invoices. I got nada.
Badger
Link to 1950 - 1964 Proof Registry Set
1938 - 1964 Proof Jeffersons w/ Varieties
Jon
rainbowroosie April 1, 2003
You mean the one Nick scolded me on from FUN because he thought I wanted to get in the bidding too at even a higher figure if the guy ever decided he wants to sell that coin
Wondercoin
Jon
<< <i>TT = Hot
EBay = Cold >>
Teletrade isn't hot, it's just populated by sellers with an inflated opinion of the value of their coins.
And eBay is not cold. Nice coins are bringing strong - and in some cases stupid - money.
Russ, NCNE
I do!!!!
rainbowroosie April 1, 2003
rainbowroosie April 1, 2003
Nick
common 1951S PCGS MS67 Roosie at FUN and was turned down by the seller. But of course the
51S made the 50P teletrade coin look like a so so coin........There is a picture of the 51S on lablovers
Roosevelt registry set, 46 - 64 non-FB set. The coin looks about 5x better then the photo.
Nick
But I don't play that game. I have enough trouble crossing over coins (vf to au older coins) from NGC that I think are nice enough.
Jon
I went and looked at the 51-S. It's a beauty, but grade wise not any better than the 50 on TT. JMHO
The amazing thing is the 51(s) dime (if I heard correctly) was already a two point upgrade from an ANACS-MS65 to a PCGS-MS67!!
Wondercoin
I bought a very nice PCGS AU55 1835 Bust Dime for less than that!
Jon
Yep, If I had won the coin and that was not the case I would have sent it back. There were a few
coins in the auction I wanted to view and I normally would, But I was out of town last week and
only had time to put in my max bids. If the 50P is only a color coin and nothing more its a $250
coin at best.
"I went and looked at the 51-S. It's a beauty, but grade wise not any better than the 50 on TT. JMHO "
Mitch, Did you view any of the Teletrade dimes?. By your comment above its sounds like the 50P
was undergraded, Did you win the coin?....
Nick
Wondercoin
onlyroosies I am shocked
you buy coins on TT and if they are not upgrades you send them back?
the coin seems to be in the slab when they were designating FB
do you feel PCGS may have screwed up twice on the same coin?
IF it goes 67 AND IF it goes FB it's just a break even. And there is a huge downside!!
Jon
I like mine in my Type set -- a 67FB -- and I only paid about $150 for it, if I recall correctly. It was from one of Fairlaneman's charity auctions
You bet I do. I'm looking for undesignated Roosies or Roosies in the wrong holder.
That 50P with that kind of color in a PCGS 67FB holder would be worth $800 to me.
If the coin was a shot NGC 68FT its a $1200++ coin. If none of the above applied then
back it would have gone.
The $2500 I offered for a Roosie at FUN was originally purchased off Teletrade in
an ANACS MS65 holder. Its now in a PCGS MS67 holder. The seller turned down
my offer dispite the fact that he paid less then $100 for the coin. I felt the coin
was in the wrong holder. I search out pretty FB Roosies. If its not FB I have very
little interest in the coin.
And, Nick is taking full advantage of the TT rules, which make it fine to do what he is doing and for TT to earn an additional 5% return fee and then auction the coin once again for their regular full commission. The only party affected adversely IMHO is the consignor - in a nutshell buyers can simply "cherry-pick" (keep the winners that will make buyers good money and send back the losers that do not appear to be the upgrade candidates they appeared to be from the scans). What makes it even worse for the consignor is that once the coin is returned, everyone believes it to be "bad" and it often resells for a fraction of the oiginal price. Case in point - the other night a 2003(d) Sac MS67was reauctioned having just been returned (same serial number had sold a few weeks prior). The coin sold in the high $200's the first time and low $100's the other night. I saw the coin (and the fact it was returned) and decided to avoid bidding on it. That consignor ended up getting around 50% or 60% of the sales price from a few weeks earlier.
Of course, once there are too many returns, some sellers will simply sell their coins elsewhere. For example, in a Heritage Signature sale, the chances of a return are very, very slim. After all - these are auctions, not approval sales.
Again - Nick is playing within the rules and doing quite well at it. On the other hand, if I had a valuable "close call" FB Roosie to sell for a customer, you better believe I would select an auction venue where all sales are final.
Wondercoin