What's the deal with reserves on cheap, common coins?

Russ

Browsing through Heritage I see boatloads of cheap coins with reserves set at $20 to $50. It seems very silly to put reserves on what is essentially common crap. Why do they do that? It makes sense for high dollar coins or scarce material, but I can't see the point for the type of material that can be picked up any time, and anywhere.

Russ, NCNE

RYK

I agree, and I must also note that you were very considerate in not using the "w" word.

Steve27

It may be an indication that the market is getting very thin.

lkenefic

wow...in a downturn of the market I would think that profit margins would get thiner or perhaps venture into red ink...perhaps this is a way to insure at least some profit on common material.

Leo

TwoSides2aCoin

I agree. The fact that these places are handling such coins is quite indicitave of a SOFT market.
It's a buyer's paradise in other places


oooops, Steve, you beat me to it.

Russ

<< <i>I agree, and I must also note that you were very considerate in not using the "w" word. >>



I actually did initially, but changed it to common crap.

Russ, NCNE

BigE

Maybe 20.00 is the minimum comission Heritage will accept-------BigE

Russ

<< <i>Maybe 20.00 is the minimum comission Heritage will accept >>



They have one listed right now with a $6 reserve.

Russ, NCNE

Coxe

There is a basic fact that we share this world with people who ain't so bright, some of whom may consign to Heritage.

larrynj

it's probably heritage's own common crap from the omaha bank hoard. they're just making sure they get their bulk grading fees back plus the face value of the common crap coin.