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I guess $3800 isn't enough of a return on a $180 investment.
Russ
Posts: 48,514 ✭✭✭
Russ
Posts: 48,514 ✭✭✭
Comments
Here's one.
$3500 not enough
ebay item 170052599937
<< <i>sold off ebay, no doubt. Wanted to shut ebay out of its cut, IMO >>
Yep. Blatant fee avoidance, IMHO.
<< <i>sold off ebay, no doubt. Wanted to shut ebay out of its cut, IMO >>
But....But....They won't be covered by eBay's protection.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>That's what this one was at when the seller ended it after nine days.
Russ, NCNE >>
Isn't that seller a forum member here?
Same with the gold set I had up. So there!
Many many board members were holding out for the last few dollars last week, and it seems to have come back to bite them this week.
My philosophy...if you made the coin, then move it out at or near the market. You already made a big hit.
Pigs get fed, hogs slaughtered!!!
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
<< <i>Pigs get fed, hogs slaughtered!!! >>
Or as Jim Cramer puts it, "bulls make money, bears make money, pigs get slaughtered."
<< <i>Actually that was my auction Russ. I decided to keep the RP70 and sell the others separately. Why? Because I am a collector and want to keep these for a while.
Same with the gold set I had up. So there!
so why was the set offered to the highest bidder for nine days?
<< <i>
<< <i>Actually that was my auction Russ. I decided to keep the RP70 and sell the others separately. Why? Because I am a collector and want to keep these for a while.
Same with the gold set I had up. So there!
so why was the set offered to the highest bidder for nine days? >>
It wasn't. How are you figuring that out? I canceled all bidders so I could pull the listing.
I guess not every seller feels this way.
--Jerry
<< <i>so why was the set offered to the highest bidder for nine days? >>
It wasn't. How are you figuring that out? I canceled all bidders so I could pull the listing. >>
His point was that it took you nine days of auction activity to decide that you wanted to keep it.
Russ, NCNE
<< <i>Has the market finished dropping????
Many many board members were holding out for the last few dollars last week, and it seems to have come back to bite them this week.
My philosophy...if you made the coin, then move it out at or near the market. You already made a big hit.
Pigs get fed, hogs slaughtered!!! >>
I made 'em, I'm selling 'em, no reserve, no monkey business with a "listing error" at the last minute.
P.S. Aren't those darn fine images for freehand shots?
<< <i>
<< <i>so why was the set offered to the highest bidder for nine days? >>
It wasn't. How are you figuring that out? I canceled all bidders so I could pull the listing. >>
His point was that it took you nine days of auction activity to decide that you wanted to keep it.
Russ, NCNE >>
Exactly. I'm still not 100% convinced that after 9 days there was an epiphany and the collector within strode forward. Not that convincing me matters to anyone...
<< <i>
<< <i>so why was the set offered to the highest bidder for nine days? >>
It wasn't. How are you figuring that out? I canceled all bidders so I could pull the listing. >>
His point was that it took you nine days of auction activity to decide that you wanted to keep it.
Russ, NCNE >>
Understood, and that is true of my silver set. However, I pulled my gold set at the same time and it had almost 4 days to go.
<< <i>I'm still not 100% convinced that after 9 days there was an epiphany and the collector within strode forward. >>
My hunch is that the collector would have remained sublimated if the bidding would have been at the level of the first few sets that sold.
Russ, NCNE
<< <i>
<< <i>I'm still not 100% convinced that after 9 days there was an epiphany and the collector within strode forward. >>
My hunch is that the collector would have remained sublimated if the bidding would have been at the level of the first few sets that sold.
Russ, NCNE >>
<< <i>those first strike olders are a bit fugly. >>
Shouldn't that be "First $trike" holders??
The name is LEE!
--Jerry
<< <i>
<< <i>I'm still not 100% convinced that after 9 days there was an epiphany and the collector within strode forward. >>
My hunch is that the collector would have remained sublimated if the bidding would have been at the level of the first few sets that sold.
Russ, NCNE >>
Uhh, yeah? Especially with the first or second silver set going for $9300 or so. Of course! I'm a collector but I'm not stupid!
<< <i>Since the seller is here I'll ask about the intercept shields included in the cancelled auction. Does IS make a protective cover for slabbed coins?
--Jerry >>
All I can say is they can't hurt! They also look good and are easily stored. Ira Stein and a few other respectable dealers swear by them.
<< <i>Uhh, yeah? Especially with the first or second silver set going for $9300 or so. Of course! I'm a collector but I'm not stupid! >>
Of course, some of us think half of that is still "stupid money" for a Mint issue with 250,000 made. But that's just me. I'd rather have more money chasing this stuff than original classics with good eye appeal anyway. Reduced competition and all, y'know.
<< <i>Since the seller is here I'll ask about the intercept shields included in the cancelled auction. Does IS make a protective cover for slabbed coins? >>
Yes, and that's what was included in the auction.
Russ, NCNE
You can buy them here.
Russ, NCNE
<< <i>Jerry, You can buy them here. Russ, NCNE >>
Thanks. I just put a bunch of raw coins in them but didn't know they make slab protection. Here in low humidity So cal I man not worry about the slabbed coins in a PCGS blue box.
--Jerry
<< <i>
<< <i>so why was the set offered to the highest bidder for nine days? >>
It wasn't. How are you figuring that out? I canceled all bidders so I could pull the listing. >>
His point was that it took you nine days of auction activity to decide that you wanted to keep it.
Russ, NCNE >>
Has anyone had any dealings with this seller ? I was tracking a coin that was dead for several days ..all of a sudden this coin more than doubled to over market price ...days away from auction end .
There is nothing more noble than keeping the coins for your own collection. I imagine that decision became harder and harder as the price continued to rise -- and keep in mind, you canceled the auction before the snipers got their chance, so there's no telling what the final value would have been. I don't think I'd've had the nerve to close it down to keep the coins -- the thought of all that money would be irresistable.
I bought them fair and square off ebay. I made a little money on one $3200 and lost money on the other $5300, both from the same seller.
So there was no "money hungry" decision on my part. I honestly believe both reverse proofs (gold and silver, but especially the silver) are way undervalued currently. That is also why I think holding these now makes a lot of sense.
Sorry if I pissed off some folks by cancelling early.
I'll tell you what, if you pm me with a meaningful offer I will give up the silver set just like it was in the auction.
I'll be then left with one RP70 gold and silver. No problem.
I didn't think my little listing was going to matter much in the grand scheme of things, but if it did, COOL!
Oh, and I am curious bestday... Could you please provide a link to this auction in question? If you even remember the coin, I will provide the link!
I have no idea what you are referring to, as none of my listings "took off" from being dead! I'd remember that one!
Box of 20
<< <i>but unless the mint improves its quality control. ie the shipping company, milk spots these will continue to be hard to get in a 70 grade. >>
For the business strike coin it's impossible to get the 70 grade at PCGS. As far as PR70 on the other two, they're being graded by the boatload. Anybody who's hanging on to these sets thinking the value is going back up is a fool. The handwriting is on the wall.
Russ, NCNE
<< <i>
<< <i>but unless the mint improves its quality control. ie the shipping company, milk spots these will continue to be hard to get in a 70 grade. >>
For the business strike coin it's impossible to get the 70 grade at PCGS. As far as PR70 on the other two, they're being graded by the boatload. Anybody who's hanging on to these sets thinking the value is going back up is a fool. The handwriting is on the wall.
Russ, NCNE >>
Maybe the set, but not the RP70 in my opinion.
While there's over 50% of all graded gold RP's in 70, there were just not that many total graded for a first issue coin.
There's only a very low 100's pop count for silver 70's. They are running at around a 4.7% rate to get a RP coin in a 70 slab.
Also, the dreaded "first strike" issue comes up, as there may not be many more first strike certifications to go.
So you will not see the pop number increase that much more for 70 first strike coins which are what I have.
Box of 20
<< <i>There's only a very low 100's pop count for silver 70's. They are running at around a 4.7% rate to get a RP coin in a 70 slab. >>
That's potentially thousands of coins, maybe close to 10,000 coins out there. Yes, some of them that are clearly no better than 68 won't even be slabbed so that skews the percentages, but there are still thousands and thousands of them out there if current rates of making a 70 continue.
<< <i>Also, the dreaded "first strike" issue comes up, as there may not be many more first strike certifications to go. >>
Who really gives a rat's ass about the 1st strike anyway? It doesn't buy you anything more, it's not worth more in the registry set, if you made one fine. If you paid moon money for one.
<< <i>There's only a very low 100's pop count for silver 70's. >>
Yeah, and we're a whole three weeks in to it.
Russ, NCNE
<< <i>
<< <i>but unless the mint improves its quality control. ie the shipping company, milk spots these will continue to be hard to get in a 70 grade. >>
For the business strike coin it's impossible to get the 70 grade at PCGS. As far as PR70 on the other two, they're being graded by the boatload. Anybody who's hanging on to these sets thinking the value is going back up is a fool. The handwriting is on the wall.
Russ, NCNE >>
Gee, Russ, if I had said that I would be branded a modern basher, tarred and feathered, etc. I agree with you completely, and I am glad that the message is from you and not me.
Trees do not grow to the sky.
<< <i>
<< <i>There's only a very low 100's pop count for silver 70's. They are running at around a 4.7% rate to get a RP coin in a 70 slab. >>
That's potentially thousands of coins, maybe close to 10,000 coins out there. Yes, some of them that are clearly no better than 68 won't even be slabbed so that skews the percentages, but there are still thousands and thousands of them out there if current rates of making a 70 continue. >>
For every 47 70's graded, approximately 1000 coins need to be graded. That's a boatload of coins going through for a miniscule amount of 70's.
Also, I am betting that the "First Strike" designation will command a substantial premium for some time, like it or not. And to that, there will most likely be less than 200 PR70 silvers in existance.
<< <i>For every 47 70's graded, approximately 1000 coins need to be graded. That's a boatload of coins going through for a miniscule amount of 70's. >>
Yes.
And that translates to 11,750 out of every 250,000 graded. I don't expect there are that many 70s out there, since the lesser ones are less likely to be submitted, but it still points to a rather large number of potential 70s out there, and I doubt there are 5,000+ people willing to pay $3000 or $4000 for it if the population is believed to be that large.
<< <i>Gee, Russ, if I had said that I would be branded a modern basher, tarred and feathered, etc. >>
You would deserve it.
<< <i>Also, I am betting that the "First Strike" designation will command a substantial premium for some time >>
The market value of these sets has already dropped by half.
Russ, NCNE
...hmmm, i wonder how much THIS set of RP70's will bring at 10 day no reserve...intercept shield holders inc...*?
Russ, NCNE
That, to me, is an excellent buy even if it ends up at triple that price.
<< <i>
<< <i>There's only a very low 100's pop count for silver 70's. >>
Yeah, and we're a whole three weeks in to it.
Russ, NCNE >>
I agree.
If 10,000 get graded at 4.7 percent there will be 470 of them
It is more likely that 30,000 of the 250,000 will get graded that is 1410 of them
Rookie Joe
I don't even think 1/2 have been shipped.
<< <i>Here's a set closing tomorrow that's only at $960.
Russ, NCNE >>
Come on there Russ ..this set will be going into the fives before end ........
50 year coins with a finite supply.
Wheres the next hoard of those coming from ?
NO WHERE !
<< <i>
Beautiful. Interesting that the set and the car are about the same price.
My dad had one of those little Fiats. Was great fun to rip around the mountains with the top down. Glad I didn't have to cover the repair bills, however...
<< <i><< Here's a set closing tomorrow that's only at $960.
Russ, NCNE >>
Come on there Russ ..this set will be going into the fives before end ........ >>
I doubt it.
Russ, NCNE