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Ok Some Of You Don't Like Me But Here Is My Report From The Baltimore Show, Dealers and Bargains.

BrokenArrowBrokenArrow Posts: 131
in U.S. Coin Forum
Ok As I stated before, I feel some Dealers are ripoffs. I took My Pcgs ms 68 Georgia Quarter mint p and wanted to trade with a few dealers and both jerked me around and told me my coin was worth $9. Why would pcgs have this coin I own in their price guide @ $4,000.00? And I'm told it isn't worth notta?

What am I doing wrong, one dealer told me he gets ms 68 georgia state graded coins all the time from other dealers and customers for $9.00. I am still shaking my head. Last time I looked there were only 7 graded by pcgs at Ms 68.

Well I got/bought 4 ms 63 common carson city morgans, I did ask for blow out prices and well $160.00 a piece graded in the GSA holders did me just fine.

I did crack out 3 coins, all were ms 64's, two of them from Pcgs and one from Ngc, well I went to ICG to check what they might of said, this young guy was very helpful. He told me that all coins were strong ms 64's because of the little marks on the face, but one might be looked at as a Ms 65.

I took that same coin to Pcgs and the guy told me that it had a chance at a ms 65, made a remark on the submission sheet and well will see what I will get in about 4 to 6 weeks.

PCI was there also, they told me all of my coins were all ms 65's or better, they do a on site grade for a fee of $35 and you can get your coin back in a hour or so.

The best thing of the day was my son picked out a real piece of California gold dated in the mid 1800's, they had a 5 gallon bucket for kids to grab a hand full. THe Coin book price is $170 for fine, I think, but it's priceless to a 12 year old kid. He will keep that coin for a while until he needs money for new tires when he turns 16.

I did try also to trade a proof 1995 w silver eagle coin that you guys know how much they are worth today, and two dealers were only willing to give $2,000 a piece. I am still scratching my head on why, what is my value for trade. What dealers bottom line for that coin is?

Had a super time, Wayne Herndon I did shake your hand and asked you a few questions, but my wife and son was with me and didn't want to say anything about your forum bashing. You seem like you have two nice kids helping you out.

Hey Ralphey Boy, I Got Gold Fever!
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Comments

  • mirabelamirabela Posts: 5,043 ✭✭✭✭✭
    It goes like this: that coin is worth what you are willing to sell it for and somebody else is willing to pay for it. To those guys, it was worth nine bucks. Maybe there is somebody out there to whom it is worth 4,000. If you and him can hook up, great!

    Maybe you were shopping it to the wrong people. Were the dealers to whom you showed it selling that kind of thing? Maybe they don't have any customers for it. What were you trying to trade it for?

    Also, I wonder about the GSA dollars at $160. That's nearly 10% less than wholesale bid for solid 63's; what reason would a dealer have to sell them for that? My instinct says you bought some doggier coins than you think.

    Anyway, thanks for the report. Glad you had a good time.
    mirabela
  • nederveitnederveit Posts: 1,038 ✭✭✭
    Unfortunately, that's pretty much the case (mirabela).

    I don't see any MS68's on Heritage's archives, but MS67's sold for $35 to $150. $4,000 sounds like a real stretch to me.
  • RYKRYK Posts: 35,797 ✭✭✭✭✭
    I took My Pcgs ms 68 Georgia Quarter mint p and wanted to trade with a few dealers and both jerked me around and told me my coin was worth $9. Why would pcgs have this coin I own in their price guide @ $4,000.00? And I'm told it isn't worth notta?

    I don't know jack about these, but if you feel strongly that your pricing info is correct, I recommend selling to a specialist (ie. Wondercoin) or via auction.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • 291fifth291fifth Posts: 24,423 ✭✭✭✭✭
    Perhaps some of the forum members who tout how great moderns are will contact you and offer a reasonable price for your MS68 Georgia quarter. Let us know if any do.
    All glory is fleeting.
  • UncleWigglyUncleWiggly Posts: 2,467
    I would put your Georgia 25C up on Teletrade. I see quite a few state quarters being sold there.



    Jerry
  • ElcontadorElcontador Posts: 7,555 ✭✭✭✭✭
    Agree w Mirabella re the CC $s. Most of them in 3 are usually nasty-looking coins, especially the 85 CC. While stranger things have happened, the idea of your being able to buy a 3 from a dealer, take it to PCGS & get it into a 5 holder seems to be misguided on its face.

    I've seen lots of these coins (and bought 12 directly from the GSA in 1980). IMO, some of them start looking decent to my eyes in 5 holders. There's a huge difference between a 3 & a 5.
    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • GeminiGemini Posts: 3,085 ✭
    Isn't it nice to be caught up in the silly minutia of grading them moderns.image
    A thing of beauty is a joy for ever
  • coinkatcoinkat Posts: 23,361 ✭✭✭✭✭
    Good luck selling your quarter... sounds like a coin that you should sell to wondercoin or sell on ebay

    Experience the World through Numismatics...it's more than you can imagine.

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    That pop of 7 will no doubt grow in the months & years to come. It may well be that whatever it is worth, that today's price is as high as it will ever be. Teletrade or ebay seems like a reasonable venue
    if you get no hits via the BST.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • DabigkahunaDabigkahuna Posts: 3,419


    The last PCGS MS67 on Ebay sold for over $600.00. You could probably get your price there.




    Larry
    Dabigkahuna
    image
    My Ebay Auctions
    image
  • orevilleoreville Posts: 12,025 ✭✭✭✭✭
    BrokenArrow:

    I purchased for $862.50 a pop 3, none finer 1859 50c round California Fractional gold piece PCGS MS-63 that has an entire population of 11 between PCGS and NGC in ALL GRADES and such population of 11 only grew by 1 since January 2004.

    Will your piece hold the line on the pops over the next 2 years? True, statehood quarters are more popular than the California "Statehood" 50c round gold piece but will they remain five times as expensive?

    Or is the $4000 price that PCGS has on the price sheets simply wrong?

    I do not know.

    A good thing to investigate further.
    A Collectors Universe poster since 1997!
  • majorbigtimemajorbigtime Posts: 2,937 ✭
    Ok Some Of You Don't Like Me But




    << <i>Ok As I stated before, I feel some Dealers are ripoffs. I took My Pcgs ms 68 Georgia Quarter mint p and wanted to trade with a few dealers and both jerked me around and told me my coin was worth $9. Why would pcgs have this coin I own in their price guide @ $4,000.00? And I'm told it isn't worth notta?. >>




    Many don't like mee butt either! But it's a freewheeling forum, not a popularity contest!


    I think the rip-off dealer is the one who would ask anything near $4K for such a modern piece of crap!! Anyone who buys such coins is the exemplififcation of the Bigger Fool Theory IMO!
  • cladkingcladking Posts: 28,701 ✭✭✭✭✭


    << <i>


    I think the rip-off dealer is the one who would ask anything near $4K for such a modern piece of crap!! Anyone who buys such coins is the exemplififcation of the Bigger Fool Theory IMO! >>



    Here we go again.

    Anyone who'd have anything to do with moderns is some sort of flake and when
    a couple classic dealers try to steal one then it's the modern market at fault. One
    even lied and implied that these are common and that he knows the market.

    I'm sure several people here would agree to buy these sight unseen long before
    anyone would agree to buy the silver dollars as MS-65's sight unseen.
    Tempus fugit.
  • RYKRYK Posts: 35,797 ✭✭✭✭✭
    Not that it would necessarily prove anything, but it would be interesting if Broken Arrow put the quarter in question up on ebay or Teletrade and provided a lonk for us to follow. Perhaps, we would all learn something, and maybe he would get the money he feels is coming to him (or maybe not). No reason to bash him, the coin, or the buyer, though, IMO.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • orevilleoreville Posts: 12,025 ✭✭✭✭✭
    cladking:

    On the other hand no dealer can state with any definitiveness and truthfulness that these GA quarters are absolutely rare and will continue to be rare. Not enough years have elapsed for all the mint sets and other supplies to be "searched."

    This is why I say more investigation is needed. It may take several more years, if not a decade or longer to find out the answer. Until then, only an educated guestimate can be made with definite risk.

    A Collectors Universe poster since 1997!
  • GemineyeGemineye Posts: 5,374 ✭
    I would also go along the lines as saying $4,000 is a lot to dish out on a current modern.Iv'e been saying that all along.The mintages do not warrant it.I'm sure there are plenty more out there just waitin' to be graded........$4,000............Geeesh.....!!!!!!
    ......Larry........image
  • ksteelheaderksteelheader Posts: 11,777 ✭


    << <i>Ok Some Of You Don't Like Me But




    << <i>Ok As I stated before, I feel some Dealers are ripoffs. I took My Pcgs ms 68 Georgia Quarter mint p and wanted to trade with a few dealers and both jerked me around and told me my coin was worth $9. Why would pcgs have this coin I own in their price guide @ $4,000.00? And I'm told it isn't worth notta?. >>




    Many don't like mee butt either! But it's a freewheeling forum, not a popularity contest!


    I think the rip-off dealer is the one who would ask anything near $4K for such a modern piece of crap!! Anyone who buys such coins is the exemplififcation of the Bigger Fool Theory IMO! >>



    Carney, you are the perfect example of the Bigger Fool Theory!!

    Buy any creased bills on ebay lately???image
  • orevilleoreville Posts: 12,025 ✭✭✭✭✭
    RYK: I agree but expressing words of caution with comparisons and asking for further investigation/due diligence never hurts.
    A Collectors Universe poster since 1997!
  • BAJJERFANBAJJERFAN Posts: 31,125 ✭✭✭✭✭
    <<"I took My Pcgs ms 68 Georgia Quarter mint p and wanted to trade with a few dealers and both jerked me around and told me my coin was worth $9. Why would pcgs have this coin I own in their price guide @ $4,000.00? And I'm told it isn't worth notta?">>

    Did you make this coin or did you pay "BIG" $$$ for it? In checking the PCGS pop reports there are only 6 graded 68 out of a total of 3760 graded. There are 229 graded ms67. If its one that you made I would put it on eBay and take whatever I could get. The pop numbers tell me that these things are not being submitted by the truckload which for you is good. I bet PCGS gets more Morgans to grade in a week than they have for all of the GA quarters since the day they were minted. I would not pay $4K for one but smoeone else might. GOOD LUCK!!
    theknowitalltroll;
  • cladkingcladking Posts: 28,701 ✭✭✭✭✭


    << <i>cladking:

    On the other hand no dealer can state with any definitiveness and truthfulness that these GA quarters are absolutely rare and will continue to be rare. Not enough years have elapsed for all the mint sets and other supplies to be "searched."

    This is why I say more investigation is needed. It may take several more years, if not a decade or longer to find out the answer. Until then, only an educated guestimate can be made with definite risk. >>



    This is mostly true but hardly the point.

    These coins get bashed because they are modern (ultramodern). Many dealers won't
    have anything to do with them unless they have a customer or can pick them up for noth-
    ing. I don't know much about ultramoderns but have been paying enough attention to
    know that the Georgia quarters are one of the easiest to make in high grade but none
    are going to be common in grades like MS-68.

    While counseling being patient with these coins is wise advice, most of the bashers have
    been suggesting that not only would it be wise to wait a couple more generations on the
    other moderns but that they'll still be modern crap no matter how much time elapses. This
    is the reason that we have so many rare moderns which simply won't be available to future
    collectors and if we take their advice to heart there won't be many of the ultramoderns either.
    Tempus fugit.
  • ksteelheaderksteelheader Posts: 11,777 ✭


    << <i>

    << <i>cladking:

    On the other hand no dealer can state with any definitiveness and truthfulness that these GA quarters are absolutely rare and will continue to be rare. Not enough years have elapsed for all the mint sets and other supplies to be "searched."

    This is why I say more investigation is needed. It may take several more years, if not a decade or longer to find out the answer. Until then, only an educated guestimate can be made with definite risk. >>



    This is mostly true but hardly the point.

    These coins get bashed because they are modern (ultramodern). Many dealers won't
    have anything to do with them unless they have a customer or can pick them up for noth-
    ing. I don't know much about ultramoderns but have been paying enough attention to
    know that the Georgia quarters are one of the easiest to make in high grade but none
    are going to be common in grades like MS-68.

    While counseling being patient with these coins is wise advice, most of the bashers have
    been suggesting that not only would it be wise to wait a couple more generations on the
    other moderns but that they'll still be modern crap no matter how much time elapses. This
    is the reason that we have so many rare moderns which simply won't be available to future
    collectors and if we take their advice to heart there won't be many of the ultramoderns either. >>




    How true!

    Seems like there are some people that think the only good collectible coins are the high priced stuff they collect. It's totally disgusting.image
  • BAJJERFANBAJJERFAN Posts: 31,125 ✭✭✭✭✭
    The fact that less than 4,000 of many millions minted have even been submitted would lead one to believe that there is not much interest in collecting these outside of the Whitman album hole-filling crowd. Also its probable that the majority of searchable coins are hoarded away in mint mini bags, rolls and mint sets by those who have not a clue about nor interest in high grade specimens.
    theknowitalltroll;
  • RYKRYK Posts: 35,797 ✭✭✭✭✭
    Also its probable that the majority of searchable coins are hoarded away in mint mini bags, rolls and mint sets by those who have not a clue about nor interest in high grade specimens.

    But don't all bags, rolls, and mint sets eventually get searched?
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • orieorie Posts: 998 ✭
    I watch three common date CC Morgan’s(82,83,84) on ebay in MS(62,63,64) to keep an eye on the overall market because there a lot that sell and they're popular. The prices on these have slipped. Take a look for yourself.

    You might not think it's a good barometer, but it's mine.
    Cool set...poor pics
  • BAJJERFANBAJJERFAN Posts: 31,125 ✭✭✭✭✭
    Also its probable that the majority of searchable coins are hoarded away in mint mini bags, rolls and mint sets by those who have not a clue about nor interest in high grade specimens.

    But don't all bags, rolls, and mint sets eventually get searched?

    xxxx

    Mite be but don't look for it to happen until the SQ run is over. There are lots of folks who mite keep them forever OR possibly dump them when their grand vision of Mint mini bag sets bringing stupid profits turns out to be wishful thinking. Then again they will need to be serached by someone who knows what to look for.
    theknowitalltroll;
  • JRoccoJRocco Posts: 14,277 ✭✭✭✭✭


    << <i>That pop of 7 will no doubt grow in the months & years to come. It may well be that whatever it is worth, that today's price is as high as it will ever be. Teletrade or ebay seems like a reasonable venue
    if you get no hits via the BST.

    roadrunner >>



    Therein lies the problem. Not the end of the discussion by any means---but the bottom line problem.
    Some coins are just plain "Interesting"
  • cladkingcladking Posts: 28,701 ✭✭✭✭✭


    << <i>

    Mite be but don't look for it to happen until the SQ run is over. There are lots of folks who mite keep them forever OR possibly dump them when their grand vision of Mint mini bag sets bringing stupid profits turns out to be wishful thinking. Then again they will need to be serached by someone who knows what to look for. >>



    This is hardly a problem for finding MS-68's. These stand out enough that they can be seen from across the room.

    Obviously there will be more of these graded. It's easy to know how many of some moderns will be graded because all you have to do is to look at large enough samples to get an idea. I have no clue with the GA quarters because I haven't even sampled the mint sets yet which is where most superb gems come from.

    If this coin is like many of the post '64 issues then it's possible that there will not be many more graded (again I don't know). It's possible that all or most of these come from mint sets and most have been found. With the older mint sets it was possible to chase down gems because they could all end up in the same city. This may not be true for these newer ones but there are very large quantities shipped to some large retailers who could easily search these coins.

    The states coins are popular and there is a market for them and collectors as well as dealers who are very knowledgeable. NONE of these people would be trading these coins for $9.
    Tempus fugit.
  • DRGDRG Posts: 817 ✭
    I will offer $1,000 for the PCGS MS68 Georgia quarter. I don't usually deal in these, but I know it is worth a lot more than that, so I don't expect you to sell it to me.

    My advice, if you want to sell it, is go to one of the market makers, eBay, Teletrade or Heritage.

    With a POP of #4 and unpredictable demand, the price will probably be between $2-6K.

    $9 offer and the comments about buying these "all the time" shows how little the classic dealers know about Moderns, and how willing they are to lie. Just how many of the 4 coins has he handled, to qualify as "all the time"?

    I searched thousands of 1999 state quarters back in 1999 and made no MS68's. I gave up on the state quarters after 1999 because they were too tough to find in really high grade. I got tired of looking at MS63-64's.

    My advice to the classic dealers is the same as I give to all the Medical Students and Residents that I teach,

    "It is OK to be ignorant. It is OK to be arrogant. It is not OK to be both"
    (PAST) OWNER #1 SBA$ REGISTRY COLLECTOIN
  • BAJJERFANBAJJERFAN Posts: 31,125 ✭✭✭✭✭
    << That pop of 7 will no doubt grow in the months & years to come. It may well be that whatever it is worth, that today's price is as high as it will ever be. Teletrade or ebay seems like a reasonable venue
    if you get no hits via the BST.

    xxxxxxx

    I guess this is the salient point of the "modern bashing if you want to call it that" by some posters here. There is a potential for a high pop of 68's for the GA quarters based solely on mintage numbers, BUT the reality is that very few of the things are even being submitted and quite a few less are making it in high grade. If it truly was a $4K coin one could still get a 4,000 coin bag search it and expect to find a couple 68's. I don't know what 4,000 coin bags are selling for or how long it would take to search one, but even at $2500 a pop it mite be worthwhile. Oh and you still get $999 in change back after yer done searchin em. image

    Funny thing is there are 38,689 1880-s Morgans graded ms 64 according to the PCGS pop reports; thats more than 10 times the number of GA P&D mint quarters that have EVER been submitted. Yet I bet people keep submitting MORE 1880-S Morgans to PCGS than GA quarters. Even a 80-S in 66 is worth a paltry $300 or so and with the Ohio hoard probably hitting the market even less than that is likely in the future.
    theknowitalltroll;
  • majorbigtimemajorbigtime Posts: 2,937 ✭


    << <i>I will offer $1,000 for the PCGS MS68 Georgia quarter. >>



    Heck, I thought the $9 offer was high!

    As I said " Anyone who buys such coins is the exemplififcation of the Bigger Fool Theory IMO!".
  • millenniummillennium Posts: 3,305


    << <i>"It is OK to be ignorant. It is OK to be arrogant. It is not OK to be both" >>




    Good words.....I don't collect the state quarters, only the ones that happen to come in the proof sets from the mint.....but I do think that the more of those that sell for big money, will bring out the ones that everbody thinks are common coins and not worth the effort....the price may be high now, but I bet it drops a lot in the future.....JMO.
    My Coin Find Videos
  • orevilleoreville Posts: 12,025 ✭✭✭✭✭
    cladking: If I were a dealer and "negative" on "moderns" it would not be a problem for me to take a modern on consignment and see if it sells at the consignor's price?

    If it does not sell then I would simply report to the consignor the failure of its sale. Then mutually decide whether to try a little longer or to drop the price a bit or not to continue at all?

    No one has mentioned the possibility of consignment?

    Isn't that the approach to take to begin a true market making activity?
    A Collectors Universe poster since 1997!
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭


    << <i>

    << <i>I will offer $1,000 for the PCGS MS68 Georgia quarter. >>



    Heck, I thought the $9 offer was high!



    Me too

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • cladkingcladking Posts: 28,701 ✭✭✭✭✭


    << <i>

    << <i>I will offer $1,000 for the PCGS MS68 Georgia quarter. >>



    Heck, I thought the $9 offer was high!

    As I said " Anyone who buys such coins is the exemplififcation of the Bigger Fool Theory IMO!". >>




    It looks like a contender for the ultimate buyer is emerging. IMO.

    Are you sure you're up to it.
    Tempus fugit.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    That pop of 7 will no doubt grow in the months & years to come. It may well be that whatever it is worth, that today's price is as high as it will ever be. Teletrade or ebay seems like a reasonable venue
    if you get no hits via the BST.

    That's not modern bashing. I could say the same thing for a pop 8 type coin here such as a MS68 seated quarter. The pops will grow in the coming years (accuracy is not included), the market may never be better, and liquidity is always a factor as pops thin out and prices go up exponentially. Trying to sell a MS68 seated or barber quarter for fair value on the BST would take incredible luck.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • BAJJERFANBAJJERFAN Posts: 31,125 ✭✭✭✭✭
    That pop of 7 will no doubt grow in the months & years to come. It may well be that whatever it is worth, that today's price is as high as it will ever be. Teletrade or ebay seems like a reasonable venue
    if you get no hits via the BST.

    That's not modern bashing. I could say the same thing for a pop 8 type coin here such as a MS68 seated quarter. The pops will grow in the coming years (accuracy is not included), the market may never be better, and liquidity is always a factor as pops thin out and prices go up exponentially. Trying to sell a MS68 seated or barber quarter for fair value on the BST would take incredible luck.

    xxxxx

    Well the gist of that 700 plus post thread started by Laura was that most modern coins will be available by the truckload in high grade and thus are not good buys at the present high prices. The high mintage figures from the mint suggest that this could be true BUT the pop reports as of yet don't back it up.

    I guess the thing to do is to put a PCGS ms 68 GA quarter up on eBay and see what it brings. image
    theknowitalltroll;
  • wondercoinwondercoin Posts: 16,980 ✭✭✭✭✭
    "I did try also to trade a proof 1995 w silver eagle coin that you guys know how much they are worth today, and two dealers were only willing to give $2,000 a piece. I am still scratching my head on why, what is my value for trade. What dealers bottom line for that coin is?"

    Unless the coin was run over by a truck, the coin generally always commands more than 2x your offer. If the coin is decent quality and can get into a PCGS-PR69DCAM holder - my sight-seen buy price today is $4,800, if that helps you. I could use 3-5 coins at that level today if you have extras.

    Your GA quarter is also a neat coin - today, I would pay at least $3,200 sight-seen (80% of guide) and possibly more if the coin was solid for the grade.

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • cladkingcladking Posts: 28,701 ✭✭✭✭✭


    << <i>

    Well the gist of that 700 plus post thread started by Laura was that most modern coins will be available by the truckload in high grade and thus are not good buys at the present high prices. The high mintage figures from the mint suggest that this could be true BUT the pop reports as of yet don't back it up.

    I guess the thing to do is to put a PCGS ms 68 GA quarter up on eBay and see what it brings. image >>



    There are some moderns that will grow tremendously in pops. This applies to almost all
    of the "out of the money" coins but also applies to some pop tops and higher priced coins.
    Those who are in the trenches looking or are seriously studying the graded coins have a
    handle on which is which.

    I have always advised people who want to collect moderns to "do their homework". There
    are no books for much of this material and collectors mostly even have to do their own deal-
    ing. This will change as time goes on and these coins are better understood and as the mar-
    kets mature. In the meantime speculators should stick with the classics or hope that rapidly
    expanding moderns markets will even bail them out of their mistakes. These make far better
    coins to collect than to invest in but this applies to all coins and all collectibles.
    Tempus fugit.
  • majorbigtimemajorbigtime Posts: 2,937 ✭


    << <i>"
    Your GA quarter is also a neat coin - I would pay at least $3,200 sight-seen (80% of guide) and possibly more if the coin was solid for the grade.

    Wondercoin >>



    The theory is working!!
  • ksteelheaderksteelheader Posts: 11,777 ✭


    << <i>

    << <i>"
    Your GA quarter is also a neat coin - I would pay at least $3,200 sight-seen (80% of guide) and possibly more if the coin was solid for the grade.

    Wondercoin >>



    The theory is working!! >>



    The theory that you're an idiot???image
  • RYKRYK Posts: 35,797 ✭✭✭✭✭
    Your GA quarter is also a neat coin - today, I would pay at least $3,200 sight-seen (80% of guide) and possibly more if the coin was solid for the grade.

    Wondercoin

    I think we have found the solution to the problem. Don't expect your average bourse dealer to appreciate the MS-68 Georgia quarter any more than he will appreciate an ultra-crusty raw 50-D $5 with a weak D. Many different market niches exist. When you go to sell a coin, it is up to you to find the best buyer, and it might not be the average bourse dealer. In fact, for expensive and/or specialized material, it almost always will NOT be the average bourse dealer.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • GeminiGemini Posts: 3,085 ✭
    Not putting the coin down but just out of curiosity I would love to be able to take this coin to a major show and see what kind of offers I would receive from the majority of dealers??? It might help me to better understand the modern market of which I have no clue.
    A thing of beauty is a joy for ever
  • GemineyeGemineye Posts: 5,374 ✭


    << <i>Not putting the coin down but just out of curiosity I would love to be able to take this coin to a major show and see what kind of offers I would receive from the majority of dealers??? It might help me to better understand the modern market of which I have no clue. >>



    We're in the same neibhorhood..er boat.....some of these modern prices I don't understand myself.....and I collect em....!!!!!...........image
    ......Larry........image
  • DRGDRG Posts: 817 ✭
    Gemini; You would probably get the same results that BROKENARROW did. Most classic collectors have no idea what the going price of this coin is and think that the whole modern market is a joke. I would be shocked to hear that any of them would offer any real money for this coin.

    I do not care that the classic dealers don't know anything about these coins. It does bother me when they lie and say that get offered them at $9 all the time. They should feel free to offer their opinion, that the coin is worthless, and explain why, but making up outright lies to support their belief is not acceptable.
    (PAST) OWNER #1 SBA$ REGISTRY COLLECTOIN
  • krankykranky Posts: 8,709 ✭✭✭
    I wonder what would have happened if you told the dealer that although you can't sell yours for $9, since he gets them all the time you'd be glad to pay $500 for every PCGS-graded MS68 Georgia quarter he can find.

    I have to believe that your experiences were primarily due to offering the coins to the wrong dealers. I'm not saying they were "bad" dealers, but uninformed about the market value of the pieces.

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

  • cladkingcladking Posts: 28,701 ✭✭✭✭✭


    << <i>My advice, if you want to sell it, is go to one of the market makers, eBay, Teletrade or Heritage.With a POP of #4 and unpredictable demand, the price will probably be between $2-6K

    Sorry, I couldn't resist. I think these 2 sentences really sum the state of Morderns and the lack of REAL marketmakers. My fav quote: "unpredictable demand".

    You are out of your disusional minds if you don't think they won't make more of these coins that ARE available by the bag load. They are too new. Plus, not everyone knows to run out and get there coins certified.

    Your living a fools life if you don't think the % of these that will be slabbed over the next 5 years will blow away the % of all the MS Seated MS68's that will be graded..... >>




    Well everyone used to say these were being made by the truckload in MS-69 and MS-70.

    I suppose boatloads of MS-68's mean we're getting through to a few people. The next big
    step will be to try to get one of them to actually look at his pocket change. image
    Tempus fugit.
  • wondercoinwondercoin Posts: 16,980 ✭✭✭✭✭
    "Not to be a smarta$$ but why don't you buy a 4,000 coin bag from Virg Marshall and see how many PCGS 68's that you can make from it and put them up on ebay and see what they sell for? If you can make $15K on the deal you will have done pretty well."

    The last sealed bag of 4,000 GA(p) coins searched and submitted (after the exhaustive search) yielded (2) PCGS-MS66 coins. That was the LAST bag searched I was involved in and that was a few years ago. Perhaps that was just a horrible bag, but, that is one coin I will not waste another minute searched for via sealed bags. I would rather just write my check for $3,200 at this point for a PCGS-MS68. Wondercoin.
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • fcfc Posts: 12,793 ✭✭✭
    i think that quarter is worth a quarter.
    the people who would pay 4000 for it will find out in 2-5 years
    just how dumb they were.

    edited to add: laura is right. cladking can argue till he is blue
    and wont change my mind. the quarter is to darn new.

    edited to add: and lets all remember PCGS might very well be telling
    their graders not to be creating wealth on these silly quarters.

    go find a ms65 for 25 cents.
  • ScarsdaleCoinScarsdaleCoin Posts: 5,245 ✭✭✭✭✭
    Hi Broken Arrow....if you dont mind me asking .....how much did you buy the $4,000 quarter for or did you submit it?

    Sorry I missed you, we left on Saturday....maybe July Baltimore we will have the chance to say hi in person!

    Jon Lerner - Scarsdale Coin - www.CoinHelp.com
  • BrokenArrowBrokenArrow Posts: 131
    Hey Members, a little more information. I didn't expect $4k for the ms 68 georgia quarter pcgs grade, I asked one dealer for a nice $20 St Gauden Gold Coin in Ms 60 or better. The Second Dealer I asked for a $20 Liberty Head Ms 60 or better for the trade.

    What I got was a serious look in my eyes and was told, good luck on finding $9 for it, I get these all day from dealers that say there is no market for them.

    One of the largest freakin shows all year and there is no market for them. I am still learning as Mr Wayne Herdon told me to relax and learn instead of buying, but my problem is how can we as coin hobby collectors chase coins, pay for coins and then we can't get any return back later.

    All I wanted was to trade for a $1k gold coin, hell the tv show are selling the $20 bu Gaudens/Libertys for $700 a coin. TY
    Hey Ralphey Boy, I Got Gold Fever!

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