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I don't know anything about the Jefferson Spouse coins, but what do you think of Maben's offer of $5

LongacreLongacre Posts: 16,717 ✭✭✭
in U.S. Coin Forum
I was reading the latest issue of CW, and I saw a half page ad by John Maben. It indicated that if you were "lucky enough to place an order for the Jefferson Spouse coin", he is willing to buy them from you for $550.

I don't know much about these coins, other than they are gold bullion. Does anyone have any comments about this purchase price? Also, what was the issue price for these coins?
Always took candy from strangers
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
«13

Comments

  • agentjim007agentjim007 Posts: 6,256 ✭
    check BST he dropped his offer to $510 sealed $500 open.
  • BigDaddyzBigDaddyz Posts: 1,306 ✭✭✭
    I think he's going to make a lot of money
    Great BST experiences: abitofthisabitofthat, silvercoinsdude, gerard, coinfame, mikescoins, wondercoin
  • MoneyCollectorMoneyCollector Posts: 451 ✭✭✭
    His offer has changed to $515 sealed, not buying opened boxes.
    My eBay Items for Sale
  • JcarneyJcarney Posts: 3,154 ✭


    << <i>I think he's going to make a lot of money >>



    As soon as all those disappointed folks on the "waiting list" realize they're not getting their coins.
    “When the people find that they can vote themselves money, that will herald the end of the republic.” — Benjamin Franklin


    My icon IS my coin. It is a gem 1949 FBL Franklin.
  • ttownttown Posts: 4,472 ✭✭✭
    It depends on if the mint uses the same design for the other Presidents that didn't have wives. At that point it's a bullion only coin IMO.
  • RYKRYK Posts: 35,799 ✭✭✭✭✭
    I took $525 for my proof Jeff spouse (I thought it was hideous) and went right to the Apple store to buy an Iphone. I will enjoy the latter much more than the former.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • BigBuffaloGuyBigBuffaloGuy Posts: 341
    Just received a mass email from Numismatic News (Fri 9/28/2007 8:31 AM cdt) that states he is paying $550.

    FYI, we holding.

  • OPAOPA Posts: 17,139 ✭✭✭✭✭


    << <i>

    << <i>I think he's going to make a lot of money >>



    As soon as all those disappointed folks on the "waiting list" realize they're not getting their coins. >>



    I would suspect that this would only apply to the Proof....
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • guitarwesguitarwes Posts: 9,290 ✭✭✭
    I think if a big time dealer is willing to pay that much over the original sales price, then they know something is going to take place with these over time, something dramatic.

    They just want to buy as many as they can 'fore they skyrocket. That and get some 70's to make up for the "imperfect" 69's. I like 69 better than 70 most times.

    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • cullenbryantcullenbryant Posts: 1,794
    he could have been buying them off ebay cheaper
  • ArizonadesertratArizonadesertrat Posts: 566 ✭
    I took $1,000 in trade (towards a nice Morgan dollar) from a local dealer for my two (UNC and PF) Jefferson Spouses, four hours after I received them.
  • PokerGeniusPokerGenius Posts: 119
    i've seen the proofs close for less than $500 on ebay lately........strating to think that people with the expectation that these would rise sharply (myself inluded) are going to be disappointed. yet this feller must think otherwise.
  • ttownttown Posts: 4,472 ✭✭✭
    As far as I'm concerned if you can purchase a coin without being upside down, it's all good.
  • holeinone1972holeinone1972 Posts: 5,368 ✭✭✭
    Unless you are desparate for the money, I think selling these even at $550 is truly a big mistake.

    My family members are getting antsy, so I am buting all of theirs at $100 profit for them for each set.

    I will keep them sealed and wait until the market figures out what it will do.

    Rob
    image
  • RWBRWB Posts: 8,082 ✭
    I agree with RYK - I was never able to get good phone reception on any of my first spouse gold coins.
  • BAJJERFANBAJJERFAN Posts: 31,256 ✭✭✭✭✭


    << <i>I took $1,000 in trade (towards a nice Morgan dollar) from a local dealer for my two (UNC and PF) Jefferson Spouses, four hours after I received them. >>



    That was a good move.image
    theknowitalltroll;
  • wondercoinwondercoin Posts: 16,997 ✭✭✭✭✭
    I have been paying $515/coin for the sealed coins for the past week - at times the highest BST amount and at times slightly lower. My best guess is PCGS 69 examples will command around $500-$550/coin as the coins come out of grading in the next couple weeks. I personally see nothing to drive prices on this coin (hope I am wrong). I would also be surprised to see anything other than weak price levels on 70 coins as well. The NGC 70 have already come down substantially and the early PCGS 70 level is nothing close to where it was on early Adams / Washington coins. IMHO - a weak modern coin at best for quite some time to come.

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • BAJJERFANBAJJERFAN Posts: 31,256 ✭✭✭✭✭
    I expect there will be a chitload of 70's as the ones I saw looked mitey nice.
    theknowitalltroll;
  • RedTigerRedTiger Posts: 5,608 ✭
    I shipped my Jeff proof to John Maben. At the time Ebay prices realized were above and below the $550. After fees, it was more than a fair offer.

    Rather than a bet on future prices, I believe that JMRC has a list of customers willing to pay more and would like coins to fill that demand. Regular folks don't have access to that same customer list. Those customers probably don't have access to Ebay, or don't trust it, so aren't buying there for a lower price. It is an example of the numismatic food chain at work.

    If I can find a replacement at a good price, I may be tempted. The first two issues took a big hit in the secondary market, starting out at $700 to $800, now $400 to $500, so those Ebay buyers are rightly being cautious with this third coin. Issue price was $411 for the uncs, $430 for the proofs, $5 shipping for any size order.

    When the first two spouse coins dipped to $600 down from $700, the perma bulls came out to flog the horse and told folks to buy at that price. When the price dipped to $500, they kept up the happy talk. Now the uncs sometimes sell for under $400, the proofs average about $470, they keep talking, often citing isolated high prices. Talk is cheap, as are predictions about future prices. Listening to perma bulls or perma bears may be entertaining, but won't help a person very much.

    Investment blog: gold, stocks and more
  • VicThrustVicThrust Posts: 322
    70s on the mint state coins will be hard to come by. I have seen six up close and 4 had a dent of the reverse rim at 7 o'clock and one had a nasty brown spot on front. There was also one with a ring mark on the reverse at 12 o'clock.
  • RarityRarity Posts: 1,438 ✭✭✭✭
    $550 is a good price for a quick, turn-around profit.


  • pf70collectorpf70collector Posts: 6,733 ✭✭✭
    There are also hairline 45 degree scratches on the reverses. Seems to be common or at least a couple forum members have reported seeing them, myself included.
    Montana State Quarter Die Clash

    Box of 20
  • PokerGeniusPokerGenius Posts: 119
    I'd sell mine for $550 now......absolutely
  • GATGAT Posts: 3,146 ✭


    << <i>

    My family members are getting antsy, so I am buying all of theirs at $100 profit for them for each set.

    Rob >>


    It was for this reason that I financed all the ones my family bought. Now they can't say a word no matter which way the prices go. I believe prices will rise when the Mint starts canceling orders.
    USAF vet 1951-59
  • 123cents123cents Posts: 7,178 ✭✭✭
    I thought it was a good deal for me. No Ebay fees. I took the money and ran.image
    image
  • pendragon1998pendragon1998 Posts: 2,070 ✭✭✭
    I put mine on eBay with a snazzy little listing (bold, highlight) as a preorder, but got a lot of watchers and no purchases. I should have probably skipped on the extras for the listing, but I thought I'd give it a shot this once. I relisted at 625 BIN/OBO on eBay (on par with the recent completed sales) once the coins came, but got no takers after a few days. I finally looked at the offer of $1100 for the pair from Maben, vs what I'd get if I'd sold the pair at $1200 on eBay + fees + paypal fees, and the numbers were close enough I decided I didn't care about the difference. I shipped to Maben and when the check arrives, I'll have made a decent little profit for zero risk. If anything, I just wish I'd saved my $20-odd bucks listing twice on eBay and sold to him to begin with, although if I'd sold them at my asking price during the pre-order phase, I'd have been very happy.

    Might the coins go up in a few months? Maybe. The raw first two spouses don't seem to have (based on a few sale offers I've seen around here). Even so, my position now is perfect - either sell for an immediate profit or return the coins and lose a couple bucks. Six months down the road, I might lose money or I might gain a little more profit. "A bird in the hand..." is what I decided on.
  • ca0100000ca0100000 Posts: 362 ✭✭
    ModernoCoinMart has the ngc 69 for 595.00 and the 70's 689.00. He appears to be changing prices up and down during the day.
    http://www.gainesvillecoins.com/has the ngc 69 for 599 and the 70's 699
    Ebay appears to be even higher.
  • BearBear Posts: 18,953 ✭✭✭
    The Jefferson's will definitely go up...or down...or stay the same.

    I am almost certain it will be one of the three options, for sure.

    image
    There once was a place called
    Camelotimage
  • RarityRarity Posts: 1,438 ✭✭✭✭
    95% of the coins submitted to NGC will come back as 69s. With selling price of $595 per coin, the profit margin is only about $30.
  • RarityRarity Posts: 1,438 ✭✭✭✭


    << <i>The Jefferson's will definitely go up...or down...or stay the same.

    I am almost certain it will be one of the three options, for sure.

    image >>




    image If gold touches $1000 level, each JF Spouse coin will command at least $500 image
  • BAJJERFANBAJJERFAN Posts: 31,256 ✭✭✭✭✭


    << <i>70s on the mint state coins will be hard to come by. I have seen six up close and 4 had a dent of the reverse rim at 7 o'clock and one had a nasty brown spot on front. There was also one with a ring mark on the reverse at 12 o'clock. >>



    If thats the case it mite be better to buy on the secondary market than to submit them in an unopened box.
    theknowitalltroll;
  • OverdateOverdate Posts: 7,156 ✭✭✭✭✭

    I bought one proof and I'm keeping it for the long term. Bullion value limits the downside risk.

    I think it's too early in the aftermarket to write this one off. Prices for the 1995-W Silver Eagle, 1997-W Jackie Robinson gold uncirculated and 2006 20th Anniversary ASE set were way low for some time after mint sales ended.



    My Adolph A. Weinman signature :)

  • cmerlo1cmerlo1 Posts: 7,957 ✭✭✭✭✭
    I still don't see what difference having the box opened or closed makes. It made sense with the ASE sets, since that was the only way to get that designation....How long before someone on eBay starts selling weighted empty sealed boxes? These new coins have to be one of the first times I've seen people spend that kind of money on an auction with only a picture of a cardboard box with a barcode on it...

    --Christian
    You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭


    << <i>I think he's going to make a lot of money >>



    I agree....I think he is doing his part to make money but I think that people going for it are leaving a lot on the table.
    Also, he is doing NGC (which is what is next to him in Florida) and blowing the MS/PR 69 coins out the door for not much more than he paid...of course, with NGC, isn't 69 the anomaly vs the standard?

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>

    << <i>I think he's going to make a lot of money >>



    I agree....I think he is doing his part to make money but I think that people going for it are leaving a lot on the table.
    Also, he is doing NGC (which is what is next to him in Florida) and blowing the MS/PR 69 coins out the door for not much more than he paid...of course, with NGC, isn't 69 the anomaly vs the standard? >>



    I bought the coin for the design. I did not like it, so I sold it. Not a difficult decision for me. If someone gave me another, I would do the same.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • CasmanCasman Posts: 3,935 ✭✭


    << <i>

    << <i>

    << <i>I think he's going to make a lot of money >>



    I agree....I think he is doing his part to make money but I think that people going for it are leaving a lot on the table.
    Also, he is doing NGC (which is what is next to him in Florida) and blowing the MS/PR 69 coins out the door for not much more than he paid...of course, with NGC, isn't 69 the anomaly vs the standard? >>



    I bought the coin for the design. I did not like it, so I sold it. Not a difficult decision for me. If someone gave me another, I would do the same. >>



    Just curious, but what was it about the design that you didn't like??
  • RYKRYK Posts: 35,799 ✭✭✭✭✭
    Just curious, but what was it about the design that you didn't like??

    1. I did not like the expression on Liberty's face--it look like some Chinese knock-off.

    2. I thought that the portrait was too small for the coin.

    3. I did not like all of the alphanumerics on the obverse. I would have preferred a simple "Liberty" and the date.

    4. I thought the reverse was silly. I still have no idea what it's about.

    1+2+3+4=PASS
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • JohnMabenJohnMaben Posts: 957 ✭✭✭
    These are beautiful coins! I have bought hundreds at anywhere from $500 to $600 per coin. Honestly, I think if you still have them, you should KEEP them. They are undervalued. My initial retail pricing was $899 for NGC 70 and the ONLY reason we dropped was because a competitor came out of the gate at $699 and we do not like being undersold.
    John aka ModernCoinMart

    John Maben
    Pegasus Coin and Jewelry (Brick and Mortar)
    ANA LM, PNG, APMD, FUN, Etc
    800-381-2646

  • inthedarkinthedark Posts: 65
    my initial plan was to sell the sealed proof/unc for enough to get a 2007w 1 ounce plat eagle

    anyone thing I stand a chance of ever doing this?

    ty
    frank
  • GATGAT Posts: 3,146 ✭


    << <i>These are beautiful coins! I have bought hundreds at anywhere from $500 to $600 per coin. Honestly, I think if you still have them, you should KEEP them. They are undervalued. My initial retail pricing was $899 for NGC 70 and the ONLY reason we dropped was because a competitor came out of the gate at $699 and we do not like being undersold.
    John aka ModernCoinMart >>


    Let me guess your competitor, Gainesville Coins also in your state. I believe they were responsible for the decline in prices on eBay for the first two Spouse Coins with all their over graded NGC 70s.
    USAF vet 1951-59
  • ManorcourtmanManorcourtman Posts: 8,173 ✭✭✭✭✭


    << <i>

    << <i>These are beautiful coins! I have bought hundreds at anywhere from $500 to $600 per coin. Honestly, I think if you still have them, you should KEEP them. They are undervalued. My initial retail pricing was $899 for NGC 70 and the ONLY reason we dropped was because a competitor came out of the gate at $699 and we do not like being undersold.
    John aka ModernCoinMart >>


    Let me guess your competitor, Gainesville Coins also in your state. I believe they were responsible for the decline in prices on eBay for the first two Spouse Coins with all their over graded NGC 70s. >>



    Please explain your statement? NGC overgrades modern coins?
  • Coin FinderCoin Finder Posts: 7,387 ✭✭✭✭✭
    These coins have many things going for it:

    1. Widely dispursed one each per household.
    2. Sold out fast.
    3. Solid Gold with gold on the rise.
    4. Great design, Draped Bust Liberty.
    5. Pre sales on ebay for more than issue price.
    6. Dealers buying above issue price by 20% or more.
    7. Lots of "table talk" about this issue over the others.
    8. The First and only 2007 "Draped Bust Liberty design" Gold since the 18th and early 19th century
    9. Mint may raise mintages on later issues and may alter design.
    10. Great display case.


    I think they will be winners!
  • 13PacesEast13PacesEast Posts: 712 ✭
    i'm holding this one for a LONG while.

    i buy these trinkets for my little girl.

    when she gets older i will give her the "treasure chest" i have been building for her.

    i don't think i will but the whole series, but the the Liberty Short Set sounds like a winner.

    usually i buy several. one for her and the rest to flip. mint stopped that this time around.


    know what you don't know.

    hi, i'm tom.

    i do not doctor coins like some who post in here.

  • RarityRarity Posts: 1,438 ✭✭✭✭


    << <i>my initial plan was to sell the sealed proof/unc for enough to get a 2007w 1 ounce plat eagle

    anyone thing I stand a chance of ever doing this?

    ty
    frank >>




    The sealed JF proof/unc pair will not go as high as $1500 in the next 12 months. image
  • PaleodalePaleodale Posts: 290 ✭
    Quote By Bear>> "The Jefferson's will definitely go up...or down...or stay the same.

    I am almost certain it will be one of the three options, for sure."

    Now Your Talking Bear,,, image.... Thats the only post I have read here today that makes any sense...Flip n Rippers... Surely By Now,,, You Are Seeing The Writing On The Wall....... image
  • JohnMabenJohnMaben Posts: 957 ✭✭✭
    GAT--

    The coin prices did not end up in the toilet because of NGC grading. It's because massive quantities were dumped, yes, mainly on ebay.

    John

    John Maben
    Pegasus Coin and Jewelry (Brick and Mortar)
    ANA LM, PNG, APMD, FUN, Etc
    800-381-2646

  • OneCentOneCent Posts: 3,561 ✭


    << <i>GAT--

    The coin prices did not end up in the toilet because of NGC grading. It's because massive quantities were dumped, yes, mainly on ebay.

    John >>



    Yes, but the coin is surely in the toilet. image
    imageimage
    Collector of Early 20th Century U.S. Coinage.
    ANA Member R-3147111
  • GATGAT Posts: 3,146 ✭


    << <i>GAT--

    The coin prices did not end up in the toilet because of NGC grading. It's because massive quantities were dumped, yes, mainly on ebay.

    John >>


    John, there was a time when raw coins were selling for more then graded PCGS 69s because of all the 70s on eBay. Very strange that competitor of yours never sold any 69s that I saw.
    USAF vet 1951-59
  • JohnMabenJohnMaben Posts: 957 ✭✭✭
    They probably just had a better outlet off ebay for the 69's. Many of the 70's sold on eBay below what dealers like myself were offering to pay, so in keeping with that strategy, perhaps they just melted the 69's. image

    John Maben
    Pegasus Coin and Jewelry (Brick and Mortar)
    ANA LM, PNG, APMD, FUN, Etc
    800-381-2646

  • OverdateOverdate Posts: 7,156 ✭✭✭✭✭

    The coin prices did not end up in the toilet because of NGC grading. It's because massive quantities were dumped, yes, mainly on ebay.

    Same thing happened last year with the 20th anniversary sets, and to some extent with the platinums. Coins were passing to stronger hands.

    What happens after the initial dump is more important in the long run.

    My opinion only.


    My Adolph A. Weinman signature :)

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