Very disappointed with my teletrade results

consigned a couple of pieces to them at Coinfest. It was my first time doing so. The auction ended tonight--I was very unhappy.
greysheet BID is $120! Color not represented too well, much more vibrant in person. Nevertheless, come on!!!!!
Barely over melt?!?!? It's a very scudzy coin (not really cleaned though), but I expected at least $400 for such a better date.
greysheet BID is $120! Color not represented too well, much more vibrant in person. Nevertheless, come on!!!!!
Barely over melt?!?!? It's a very scudzy coin (not really cleaned though), but I expected at least $400 for such a better date.
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Comments
with the right buyer at the right time. My seller is smiling while your buyer is smiling. Hmmmm...
Better luck next time, I think it takes a few tries to see if it will even out for you as a seller.
That means mo money for Baltimore!
Wondercoin
NSDR - Life Member
SSDC - Life Member
ANA - Pay As I Go Member
<< <i>bad times are upon us.
Based on teletrade results?
Now that just wouldn't be realistic at all.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>the only thing i don't like about consigning to TeleTrade is that i have little/no control over when the coins are sold, which day. i don't necessarily think Sunday night is the best day at that venue. all that aside and no offense meant, but the coins are, well, not really very nice looking. i have realized close to what i expected each time i've sold through TeleTrade and i think you need to be careful what you sell there, just as you need to put some thought into what you'd sell on eBay, send to one of the major auction houses, sell to a dealer at a shop or peddle at a show. >>
The morgan:
photo's have been juiced a little, but you get the idea.
<< <i>Um, I don't know what to say, I won the Morgan. I didn’t think it would go for that low, especially with the toning. Most toners go over the PCGS price guide. If it makes you feel better I have gotten beat up by Teletrade buyer fees and have over paid for many coins. >>
Well this is pretty awkward
<< <i>bad times are upon us.
Dave
<< <i> I believe you would have done better selling your "common" stuff on eBay.
Dave >>
I agree, lesson learned
To each his own.
Wondercoin
Fighting the Fight for 11 Years with the big "C" - Never Ever Give Up!
Member PCGS Open Forum board 2002 - 2006 (closed end of 2006) Current board since 2006 Successful trades with many members, over the past two decades, never a bad deal.
<< <i>I know your not going to want to hear this, but is that a VAM 19 on the 86? I see a couple of diagnostics (one of the nicer things about windows vista is being able to zoom in), you may want to look at this a little closer. >>
Don't make me piss myself.
Does a VAM 19 have any extra value?
Fighting the Fight for 11 Years with the big "C" - Never Ever Give Up!
Member PCGS Open Forum board 2002 - 2006 (closed end of 2006) Current board since 2006 Successful trades with many members, over the past two decades, never a bad deal.
I also had a consignment in the sale tonight (of mostly Morgan Dollars) and they sold for fairly high prices.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
I am a web developer. And not your fly by night type. I was senior consultant at Boeing, Captial One, etc during the dot com days in the 90's.
I am in the "proving the concept" stage right now for a coin trading website. Essentally a library of private coin lists that cross reference Have and Wants and Wants and Haves between members. I threw it together about 2 weeks ago. But I can compose an online auction too. And I have thought about moving that direction. But I would need input from folks - pros and cons from both the buying and selling side. And as I build it, you all could tell me what works and what does not. In essence a users community to help guide its development. Credit cards would not be welcome because of the issues here. So purchases would be cashiers check, private check or money order.
Here is the current website I am proofing right now. I put it up a few weeks ago and about 12 members there now. I will give it a domain name and put 100 percent into it when I get 20 or so serious traders using it. And since I 10 people joined in 2 weeks, I am certain it is a go...
http://www.ispcowboy.com/mycoins
-UncleKin
<< <i>It is a Top 100 VAM, gets scarce above MS64 Intrest rating 3 Rarity rating 5, that is if it's a vam 19... >>
I believe you are thinking of the 1896, not the 1886. (Also, I believe the '96 VAM-19 is much more common than the originally assigned rarity. They can be found up into very high grades.)
There were a few very nice VAMs among the Morgans. Someone got an 1878 VAM-5 in PCGS 63 for a relatively low bid of $775. The star, in my opinion, was the 1881-S VAM-1B. I had looked for one of those for years and this one was a rainbow reverse beauty in PCGS 63 plastic. An extremely common date in that grade but an underrated and underfollowed rarity as a variety. I am sure the consignors of a few Morgans were surprised by the bids.
NSDR - Life Member
SSDC - Life Member
ANA - Pay As I Go Member
<< <i>I believe you are thinking of the 1896, not the 1886 >>
I stand corrected, you are right about that. I guess what I was thinking was the VAM 17 for the 1886 and stated 19, the 17 only has an I2 R3 rating. It has been a long day. Thanks for picking that up.
Fighting the Fight for 11 Years with the big "C" - Never Ever Give Up!
Member PCGS Open Forum board 2002 - 2006 (closed end of 2006) Current board since 2006 Successful trades with many members, over the past two decades, never a bad deal.
The 1886 dollar is just another common date NGC Morgan. This type of material is soft so I'm not surprised at the result.
<< <i>Someone could do quite well if they recognize unattributed VAMS on sight.
Only if you can find a cash buyer. The VAM market still appears to be mostly a one-way market where the players "make their own."
It would have went for big bucks.
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
<< <i>
<< <i>Someone could do quite well if they recognize unattributed VAMS on sight.
Only if you can find a cash buyer. The VAM market still appears to be mostly a one-way market where the players "make their own." >>
In my area of the country...NJ... there are a number of 'vammers'... I have a number of identified VAMs... the problem is that these 'vammers' don't enjoy buying VAMs that are already identified...
They have told me that they get their enjoyment out of cherrypicking VAMs that have not been ID'd by the seller...seems that the fun for them is in the hunt...and the 'rip'...
This rule applies to all auction venues, not just TT.
WH
every antique store i goto has these things lieing around
at prices no one wants to pay.
some cleaned, some not cleaned.
<< <i>If you folks want a online auction catered to collectors of coins, talk to me.
I am a web developer. And not your fly by night type. I was senior consultant at Boeing, Captial One, etc during the dot com days in the 90's.
I am in the "proving the concept" stage right now for a coin trading website. Essentally a library of private coin lists that cross reference Have and Wants and Wants and Haves between members. I threw it together about 2 weeks ago. But I can compose an online auction too. And I have thought about moving that direction. But I would need input from folks - pros and cons from both the buying and selling side. And as I build it, you all could tell me what works and what does not. In essence a users community to help guide its development. Credit cards would not be welcome because of the issues here. So purchases would be cashiers check, private check or money order.
Here is the current website I am proofing right now. I put it up a few weeks ago and about 12 members there now. I will give it a domain name and put 100 percent into it when I get 20 or so serious traders using it. And since I 10 people joined in 2 weeks, I am certain it is a go...
http://www.ispcowboy.com/mycoins
-UncleKin >>
There are a few folks on here who have done that, they advertise their sites in their siglines. Maybe you all could work together and put eBay out of our misery. It's horrible, as you can see from all the threads about how horrible it is.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>95 seems expensive for a morgan of almost any date.
every antique store i goto has these things lieing around
at prices no one wants to pay.
some cleaned, some not cleaned. >>
Bid for a 65 widget is $120. And the sheets aren't wrong---that's usually what they go for
<< <i>If you folks want a online auction catered to collectors of coins, talk to me.
I am a web developer. And not your fly by night type. I was senior consultant at Boeing, Captial One, etc during the dot com days in the 90's.
I am in the "proving the concept" stage right now for a coin trading website. Essentally a library of private coin lists that cross reference Have and Wants and Wants and Haves between members. I threw it together about 2 weeks ago. But I can compose an online auction too. And I have thought about moving that direction. But I would need input from folks - pros and cons from both the buying and selling side. And as I build it, you all could tell me what works and what does not. In essence a users community to help guide its development. Credit cards would not be welcome because of the issues here. So purchases would be cashiers check, private check or money order.
Here is the current website I am proofing right now. I put it up a few weeks ago and about 12 members there now. I will give it a domain name and put 100 percent into it when I get 20 or so serious traders using it. And since I 10 people joined in 2 weeks, I am certain it is a go...
http://www.ispcowboy.com/mycoins
-UncleKin >>
I'm willing to talk. This could be great.
<< <i>You have to set reserves. If you don't, there will be times when you're not happy with the result.
This rule applies to all auction venues, not just TT.
WH >>
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>I'm surprised they sold at all..both coins are ugly. No offense. But that alone would explain the low numbers. >>
One man's trash...
I happen to think the Morgan is attractive...
*shrug*
1/2 Cents
U.S. Revenue Stamps
That depends on the arrangement you have with the auction house (TT or other). If you don't do much volume, you'd be better off working through a dealer who does.
WH
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>Is that 95 before the buyer's premium? Because if it is, that means someone paid $106, plus $8 to ship it, or $114. That's about what that coin would trade for at a show, isn't it? >>
Yes. $111.40 final cost.
Another one, no matter how discounted is not me helping any.
roadrunner
I give away money. I collect money.
I don’t love money . I do love the Lord God.