File this under "You have got to be kidding me" ASE 3 coin gold
JapanJohn
Posts: 2,030 ✭
0
JapanJohn
Posts: 2,030 ✭
Comments
My first post...updated with pics
I collect mostly moderns and I'm currently working on a US type set.
No, I think the seller IS serious
GrandAm
<< <i>Twelve Five currently.
Insane.
eBay 3 Coin Gold ASE >>
Perhaps it is because the numbers are sequential, all from one set, and not put together from multiple submissions.
Just a guess.
TD
If a person takes a modest 3x multiplier for one grade high, $5000 for a 69 set, yields $15,000 for a 70 set. Given the excitement, and having the sequential numbering, could add another 2x or 3x. My best guess for the close is $37k. Three times is not out of line, there are many coins, classic and modern, in many MS grades where one grade higher is more than three times the price.
The Reverse proofs, seem to be running 20% to 25% 70s, the other two coins are probably under 5%. Gettting three coins from one set presuming those odds is 1/1600 or so or about how many sets have been sent to PCGS for grading. How much would a registry collector pay for something that may end up being unique? Even moving the numbers a bit, the odds are high that less than five such sequentially numbered sets will be out there. There are a lot of players with deep pockets out there. $50k doesn't buy much in the registry game.
I can take any three coins, submit for regrade, and presto....sequential numbers.
Can be done with proof sets, and other series types of coins.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
<< <i>Why is sequential numbering a big deal???
I can take any three coins, submit for regrade, and presto....sequential numbers.
Can be done with proof sets, and other series types of coins. >>
Is this true? Does it have to be a regrade (a true resubmit), or just a reholdering, renumbering for a fee? In which case, PCGS may be missing a marketing opportunity and perhaps should reexamine its policy.
No one in their right mind would resubmit the two rare 70s if they go in for a true regrading. Also First Strike designation and 20th anniversary designation would be lost if they have to be sent in raw. Not that many PCGS 70s in for a true regrade would get 70 again. If a person can get the sequential numbers without rolling the dice, the sequential bit becomes worthless.
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.
ASEs are Gold coins now?
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