Lets discuss
Bruceswar
Posts: 2,869
So I am looking over completed ebay Auctions for nice quarter sets. I find this set and I am reading the fine print. At either rate most of this looks plausable for a nice high grade set. Then I read the part about the back half of the set... This line... "Approximately 75% of the coins from 1940 to 1964 are Ms66 or better, there are many monster GEM BU Ms67 or 68 to be found, providing a resale value well in excess of $18,000 retail on an individual coin basis! " I would kindly like this seller to tell me where all the MS 68 coins are when I am looking for them. Not to mention he claims that there are also many MS 67 coins! That line right there makes me put doubt on the whole set as a whole. Makes me wonder if he is not overgrading the whole set. If I had a set of that caliber I wanted to move, I would sure as heck not be selling it on Ebay as a set. He claims the set to be worth $18,000.00 but yet starts the set off super cheap. If the set is what he says it is he took a beating on it. Discuss!!
Some of the early highlights include;
1932 GEM BU Ms65 or better = $375.00
1932-D CH BU Ms63 or better = $2700-$5,000
(With a GEM BU Ms65 Reverse)
1932-S Very CH BU Ms64 = $1,750+
(With a GEM BU Ms65 Reverse)
1934 GEM BU Ms65
1934-D CH BU Ms63 = $300
1935 GEM BU Ms65 = $100
1935-D GEM BU Ms65 = $800
1935-S CH BU Ms63 = $100
1936 Very CH BU Ms64 = $30
1936-D CH BU Ms63 = $900
1936-S Very CH BU Ms64 = $160
1937 GEM BU Ms65 =$75
1937-D Very CH BU ms64 = $85
1937-S GEM BU Ms65 = $350
1938 Very CH BU Ms64 =$120
1938-S GEM BU Ms65 = $240
1939 GEM BU Ms65 = $40
1939-D GEM BU Ms65 = $100
1939-S GEM BU Ms65 = $300
From 1940 to 1964 all coins are a minimum of GEM BU Ms65 or better, including the 1940-D and 1942-S (both of which are superb and may grade even higher. Approximately 75% of the coins from 1940 to 1964 are Ms66 or better, there are many monster GEM BU Ms67 or 68 to be found, providing a resale value well in excess of $18,000 retail on an individual coin basis!
I am willing to bet anybody a lunch that many of the coins are overgraded by this seller! Anybody want to take that bet? Well it is a mute point as this set is sold, but lets discuss this set and or tactics. The set brought $4,938.88. I would call BS on the sellers part. I cannot state this as fact, but I am willing to stake my name on it.
Some of the early highlights include;
1932 GEM BU Ms65 or better = $375.00
1932-D CH BU Ms63 or better = $2700-$5,000
(With a GEM BU Ms65 Reverse)
1932-S Very CH BU Ms64 = $1,750+
(With a GEM BU Ms65 Reverse)
1934 GEM BU Ms65
1934-D CH BU Ms63 = $300
1935 GEM BU Ms65 = $100
1935-D GEM BU Ms65 = $800
1935-S CH BU Ms63 = $100
1936 Very CH BU Ms64 = $30
1936-D CH BU Ms63 = $900
1936-S Very CH BU Ms64 = $160
1937 GEM BU Ms65 =$75
1937-D Very CH BU ms64 = $85
1937-S GEM BU Ms65 = $350
1938 Very CH BU Ms64 =$120
1938-S GEM BU Ms65 = $240
1939 GEM BU Ms65 = $40
1939-D GEM BU Ms65 = $100
1939-S GEM BU Ms65 = $300
From 1940 to 1964 all coins are a minimum of GEM BU Ms65 or better, including the 1940-D and 1942-S (both of which are superb and may grade even higher. Approximately 75% of the coins from 1940 to 1964 are Ms66 or better, there are many monster GEM BU Ms67 or 68 to be found, providing a resale value well in excess of $18,000 retail on an individual coin basis!
I am willing to bet anybody a lunch that many of the coins are overgraded by this seller! Anybody want to take that bet? Well it is a mute point as this set is sold, but lets discuss this set and or tactics. The set brought $4,938.88. I would call BS on the sellers part. I cannot state this as fact, but I am willing to stake my name on it.
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Comments
What are you going to tell me next, that the buyer or seller will post a one-sided thread about it and complain that they were ripped off or that delivery took more than seven calendar days and they intend to file charges?
Say it ain't so (sarcasm).
Unfortunately, looks like par for the course to me. Can't save all the stupid people in the world. Can't stop sellers, from being greedy and unscrupulous. If I had to make the line, only from the information provided, I'd put the over/under on the set at $1000 retail.
New collectors reading this, be careful, the hobby is full of sharks willing to bite.
1. If the seller really thought the set was worth X ammount. In this case $12,000 wholesale, why did he start it soo cheap?
2. The Set was worth about what it brought, but it was misrepresented.
<< <i>I am willing to bet anybody a lunch that many of the coins are overgraded by this seller! >>
Dinner says they all were.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Ken
Pictures are gone now, but the set was a real nice one.
<< <i>You can find stuff like this a hundred times a day every day on Ebay and in coin shops. If it bothers you just remember the seller and stay way far away from him/her. Nothing to discuss.
Ken >>
The fact of the matter is this was a really nice set based on the pictures. There was really no reason to hype a set like this. In fact the seller was dumb and left alot of money on the table by selling it as such. Had he broken it apart and or slabbed it he would have doubled or tripled his money. Nobody in thier right mind would sell a set of this caliber for that cheap, even if he payed less for it.