OK, I just got mine a minute ago. I didn't expect to get a Saturday delivery. In the past I've never received coins on the weekend. Now that I have them I feel like Jim Carey in the Grinch when he's invited to the Who-vilation and has to decide what to wear...funny scene.
<< <i>I'm sending mine back after look at them. $100+ for grading and $450+ premium over spot and the rush to play musical chairs with 1,000's of these coins for a chance at a 70 grade...no thanks.
After I saw the 14,000 mintage this week these will be melt soon.
Good luck to all that can pull it off.
It's not worth the effort for me personally.
Ren >>
Sounds pretty dismal I guess Wondercoin is going to take a real beating then since he is offering to buy it from you
Never teach a pig to sing. You'll waste your time and annoy the pig
<< <i>Ren, what is the point to spend 2g just to look at the coins? And then wait about a month to get credit back to your card? >>
Look at it another way if you are so inclined.....the 30 day Mint return policy is like giving the buyer a 30 day call option proxy for the price of Platnium.
Thanks for the pics, Spacemonkey! Can you tell us exactly what appears "enhanced" in the "enhanced reverse proof"?
Salute the automobile: The greatest anti-pollution device in human history! (Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
<< <i>Ren, what is the point to spend 2g just to look at the coins? And then wait about a month to get credit back to your card? >>
Well, that's what it has turned into. When these were first offered the guess was: 1) will the mint actually sell 30,000? 2) will there be a cutoff date 12-31-07? 3) what attributions will PCGS make 4) high price, low mintage. When I saw that 14,000+ (in a week) minted and even if 25% get returned it's still a high mintage coin with little base. The RP is not so unique in the Plat-world, why would the mint make the "enhanced" distinction? PCGS has helped by allowing the normal Proof have distinction. And, I was going to cancel but the box disappeared quicker than I thought. So, now I have a set and I've been PM'd to sell and am considering.
On a parallel note, if you read your PM once why does it disappear and why can't you save? Am I doing something wrong here? Those who PM'd could you please do it again...stupid brain.
<< <i>Ren, what is the point to spend 2g just to look at the coins? And then wait about a month to get credit back to your card? >>
Look at it another way if you are so inclined.....the 30 day Mint return policy is like giving the buyer a 30 day call option proxy for the price of Platnium. >>
That's a great point too. The price of Platinum has been on a tear recently.
<< <i> On a parallel note, if you read your PM once why does it disappear and why can't you save? Am I doing something wrong here? Those who PM'd could you please do it again...stupid brain. Ren >>
Ren ... you should still be able to read your prior PM's. Just click on the PM link even though it says "no new message(s)" and in there there is a button that says something like "view history", just click on this and you should be able to access PM's you've already read.
<< <i> On a parallel note, if you read your PM once why does it disappear and why can't you save? Am I doing something wrong here? Those who PM'd could you please do it again...stupid brain. Ren >>
Ren ... you should still be able to read your prior PM's. Just click on the PM link even though it says "no new message(s)" and in there there is a button that says something like "view history", just click on this and you should be able to access PM's you've already read. >>
Ren, someone offered to buy your set? Didn't you open it up? If you got an offer on an open set you are very lucky. I don't know any1 who would ay a premium for an open set. I nwould jump and sell if I were you.
I hope there is a secondary market, but at the high prices only time will tell. I'm pretty sure I could have picked up some really cool classics for that kind of dough.
I did get mine yesterday. It is still in the box and I'll ship it off tomorrow.
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
Shame, Shamme Shame, I have to be a club member to submit to PCGS? Thats why they are so elite? Not many submissions outside of the hobby. I guess it's NGC. Rats!
I personally believe these aren't flippable. The 20th Anniversary Gold Set was a one-time occurence from the U.S. Mint. I don't think you will ever see a repeat of this again. If you can hold ten years the better off you will be. By then spot may have reached your $500 premium you are paying on these.
I also wonder if the mint will do all 30,000 since they are now on backorder. I believe the die hard platinum collectors have their sets(maybe around 6-7000 true platinum collectors and that's a stretch). The rest of these are bought by dealers I believe. Just an opinion.
<< <i> If you can hold ten years the better off you will be. By then spot may have reached your $500 premium you are paying on these. >>
Can you name even one person here or anywhere else who is buying these based on their bullion value? Yes they are technically platinum bullion, but they aren't quite the same as a platinum bar or planchet. This is artistic bullion. It has a date and is part of a series and is therefore collectible. Saints are basically bullion too, but I don't see 65s or 66s selling for melt. The 1933 saint is the same bullin coin as the most common 62s, but find me anyone who would sell me one for spot price. As I said before too the mint doesn't work for free. The metals and plastic and other components in an automobile are probably worth a few hundred dollars in the commodity market, but try to find anyone to sell one to you at twice commodity pricing. Do you think GM would sell cars at $50 over cost? Mind you they would still be making a profit at ANYTHING over cost. You want bullion go to Engelhard or Johnson-Matthey.
Also that 30 day return policy from the U.S. Mint. You can return them but don't be so sure the mint will refund your money right away and by then your card will have been charged, so you may pay interest on that $2000.00 for a least a month.
<< <i>Also that 30 day return policy from the U.S. Mint. You can return them but don't be so sure the mint will refund your money right away and by then your card will have been charged, so you may pay interest on that $2000.00 for a least a month. >>
It depends on the terms of your CC company. I thought that in most cases that cards with a 30 day grace period get 30 days from the time the charges post and not when the billing cycle starts or ends. Does you card say 30 days grace or up to 30 days grace? I have always gotten prompt refunds from the Mint; never had to wait no 30 days and I have had lots of charges to my CC this year for varying times and have yet to pay a cent in interest.
If you can hold ten years the better off you will be. By then spot may have reached your $500 premium you are paying on these. >>
Can you name even one person here or anywhere else who is buying these based on their bullion value? Yes they are technically platinum bullion, but they aren't quite the same as a platinum bar or planchet. This is artistic bullion. It has a date and is part of a series and is therefore collectible. Saints are basically bullion too, but I don't see 65s or 66s selling for melt. The 1933 saint is the same bullin coin as the most common 62s, but find me anyone who would sell me one for spot price. As I said before too the mint doesn't work for free. The metals and plastic and other components in an automobile are probably worth a few hundred dollars in the commodity market, but try to find anyone to sell one to you at twice commodity pricing. Do you think GM would sell cars at $50 over cost? Mind you they would still be making a profit at ANYTHING over cost. You want bullion go to Engelhard or Johnson-Matthey
Exactly. I have three of these sets for my collection and not flipping these. I am sure not buying these based on bullion value. But it is a component in this set that can't be overlooked either.
Some 69 platinum proof issues can be had for a little of spot. It hapens all the time on Heritage and other auction venues.
It can also take the mint up to a month to refund you your money and you could well be over your grace peroid. I am not saying this is their policy, but it has happened to me and a couple of forum members. Just be careful and read your credit terms on your card also.
Market value is determined by what someone is willing to pay and what someone is willing to sell at.
If everyong bought at $1950, few will be willing to sell less than that. Only if there is a complete lack of buyers and some sellers become desperate will the price fall much. Clearly with some of the spouses the flippers some became desperate and unloaded at losses, but I don't expect that to be the case as much with these.
BTW, Madison 69 First Strikes are bringing $600+. Not a big profit, but certainly not a loss.
<< <i> If you can hold ten years the better off you will be. By then spot may have reached your $500 premium you are paying on these. >>
Can you name even one person here or anywhere else who is buying these based on their bullion value? Yes they are technically platinum bullion, but they aren't quite the same as a platinum bar or planchet. This is artistic bullion. It has a date and is part of a series and is therefore collectible. Saints are basically bullion too, but I don't see 65s or 66s selling for melt. The 1933 saint is the same bullin coin as the most common 62s, but find me anyone who would sell me one for spot price. As I said before too the mint doesn't work for free. The metals and plastic and other components in an automobile are probably worth a few hundred dollars in the commodity market, but try to find anyone to sell one to you at twice commodity pricing. Do you think GM would sell cars at $50 over cost? Mind you they would still be making a profit at ANYTHING over cost. You want bullion go to Engelhard or Johnson-Matthey
Exactly. I have three of these sets for my collection and not flipping these. I am sure not buying these based on bullion value. But it is a component in this set that can't be overlooked either.
Some 69 platinum proof issues can be had for a little of spot. It hapens all the time on Heritage and other auction venues. >>
Yes, these do have a bullion component as well since they are made from a bullion metal, and some commemorative issues have even regressed to bullion pricing, but the mint puts a lot of effort into making these and like any business they have costs of doing business. I just don't get why some here seem to imply that the mint should sell these at cost or just a hair over. I know of no other business that gives their stuff away at cost plus a pittance.
If I believed they should sell these at cost I would not be buying not just one but three of these sets. Just stating you may be able to recoup your costs of the premium maybe in ten years based on the bullion value alone on this set. Setting aside what the collector value of this set is which is anybody's guess.
You guys might want to check bullion prices. Platinum is over $1520. Also, at the rate platinum is increasing in price, we're not looking at 10 years, melt value of these coins will easily be $1950 in 1-2 years.
<< <i>A 200 dollar profit minus about 80 in shipping and fees. Pointless, I think. But that's my opinion. >>
Are you talking about the quick flip to moderncoinmart? If so, you are clueless. There are no "fees" and just the shipping. Shipping is ~$20 for registered.
If you are talking about submitting to PCGS, then you should only do it (imho) for yourself to keep the set or for a gamble to get a 70 or 2. If that is the case, take the "$200 profit" out of it and focus on the ~$80 shipping/fees (before ebay) and just consider it a pure Vegas-style gamble.
<< <i>You guys might want to check bullion prices. Platinum is over $1520. Also, at the rate platinum is increasing in price, we're not looking at 10 years, melt value of these coins will easily be $1950 in 1-2 years. >>
So yer lookin at 2 years to break even? In the meantime where else could one invest $2K to MAKE some money? A money market fund is pretty much guaranteed, but not payin all that much.
<< <i>A 200 dollar profit minus about 80 in shipping and fees. Pointless, I think. But that's my opinion. >>
Are you talking about the quick flip to moderncoinmart? If so, you are clueless. There are no "fees" and just the shipping. Shipping is ~$20 for registered.
If you are talking about submitting to PCGS, then you should only do it (imho) for yourself to keep the set or for a gamble to get a 70 or 2. If that is the case, take the "$200 profit" out of it and focus on the ~$80 shipping/fees (before ebay) and just consider it a pure Vegas-style gamble.
Too much whining. >>
No the referral was to the 1st IN HAND with starting bid of 2149. sold 1 bid 2149, after fees etc, hardly worth the effort, and I expect it will only get much worse. The MCM deal was fine, can never laugh at profits.
Why should these sell for a profit at this point? Anyone who wants one can still get it from the mint. There are always posts stating how stupid people are for paying more for a coin on eBay when they can get it for less from the mint. This time it is simply working as it should. There is no reason for the price to rise (if it does) until the final mintage is known.
<< <i>Why should these sell for a profit at this point? Anyone who wants one can still get it from the mint. There are always posts stating how stupid people are for paying more for a coin on eBay when they can get it for less from the mint. This time it is simply working as it should. There is no reason for the price to rise (if it does) until the final mintage is known. >>
Exactly, there are over 300 million folk in this country and a fair number of them aint too smart; but don't tell the folk at HSN or Coin Vault or whatever bout that.
<< <i>Why should these sell for a profit at this point? Anyone who wants one can still get it from the mint. There are always posts stating how stupid people are for paying more for a coin on eBay when they can get it for less from the mint. This time it is simply working as it should. There is no reason for the price to rise (if it does) until the final mintage is known. >>
Anyone who wants one can still get it from the mint
But if you want more, you can't get the subsequent ones from the Mint. There is a limit of one. Maybe that is why people are buying them cheap on eBay.
There is another explanation... It's obvious from some Ebay sales records that some people just don't know that they can buy directly from the mint. I don't understand it, but it must be the case.
<< <i>There is another explanation... It's obvious from some Ebay sales records that some people just don't know that they can buy directly from the mint. I don't understand it, but it must be the case. >>
I would say for the platinum issues that would be a small minority of the sales. More likely IMO it is flippers looking to pick up an extra set or two at a small cost above issue. Similar to what Modern Coin Mart and Wondercoin are doing.
Never teach a pig to sing. You'll waste your time and annoy the pig
<< <i>Out of curiousity, what are modern and wonder still offering?? 2100???? thx They are smart, if I had woking capital I would be doing the samething:< >>
I don't know but I agree. By obtaining several sets early on, it puts you ahead in the flippin' game and drastically increases your odds of a perfect 70 set or sets which will by far, cover the expense in obtaining the additional sets and lower your total cost per set. Also, I like the odds of the Reverse Proof grading a 70 which in the case of a First StrikeSM 70 should do well on it's own , similar to last years 20th anniversary gold Reverse Proof which has a 52% 70 ratio.
Never teach a pig to sing. You'll waste your time and annoy the pig
<< <i>I like the odds of the Reverse Proof grading a 70 which in the case of a First StrikeSM 70 should do well on it's own , similar to last years 20th anniversary gold Reverse Proof which has a 52% 70 ratio. >>
Problem is that platinum is way harder then gold and hard to mint. There will be a far smaller percentage of PCGS PF70s.
<< <i>Historical pop reports show PR70's making up 5-10% of total populations. >>
IMO, the historical pop report ratios of the platinum Proof DCAM will not apply to the platinum Reverse Proof and will be more like the ratios of the 20th anniversary AGE set. The 70 ratio comparison I made was between the 20th anniversary AGE Proof DCAM and Reverse Proof.
Last year the 20th anniversary AGE Proof had a 13% 70 ratio with 204 graded PR70DCAM while 1507 came back PR69DCAM. The 20th anniversary AGE Reverse Proof had a 52% 70 ratio with 952 PR70's and 857 PR69's. I do expect the 10th anniversary APE Proof DCAM to have a much lower 70 ratio than the Reverse Proof APE similar to the 20th anniversary AGE ratios. That is also why I believe the 10th anniversary Proof DCAM will be the key to a perfect 70 set since it will have a much lower population than the 70 Reverse Proof the same as what happened last year with the 20th anniversary AGE set.
Never teach a pig to sing. You'll waste your time and annoy the pig
I think these coins are not very flippable unless you get a 70 and not being able open the package BEFORE submitting puts you at a big disavantage. Yer gonna have to lay out $20K for 10 sets to have a good shot.
<< <i>I think these coins are not very flippable unless you get a 70 and not being able open the package BEFORE submitting puts you at a big disavantage. Yer gonna have to lay out $20K for 10 sets to have a good shot. >>
I think it depends on how well the Reverse Proof grades. Since I think it will grade well, with 3 or 4 sets you should do good. I agree the 10th anniversary PR70DCAM will be a tough one, though IMO the First StrikeSM 10th anniversary PR69DCAM will also be sought after by collectors that opened the box and are looking to put together a PCGS graded set and the PR70DCAM going for big money.
Never teach a pig to sing. You'll waste your time and annoy the pig
Comments
...got your PM...thinking....
Ren
<< <i>I'm sending mine back after look at them. $100+ for grading and $450+ premium over spot and the rush to play musical chairs with 1,000's of these coins for a chance at a 70 grade...no thanks.
After I saw the 14,000 mintage this week these will be melt soon.
Good luck to all that can pull it off.
It's not worth the effort for me personally.
Ren >>
Sounds pretty dismal
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<< <i>Ren, what is the point to spend 2g just to look at the coins? And then wait about a month to get credit back to your card? >>
Look at it another way if you are so inclined.....the 30 day Mint return policy is like giving the buyer a 30 day call option proxy for the price of Platnium.
(Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
<< <i>Ren, what is the point to spend 2g just to look at the coins? And then wait about a month to get credit back to your card? >>
Well, that's what it has turned into. When these were first offered the guess was: 1) will the mint actually sell 30,000? 2) will there be a cutoff date 12-31-07? 3) what attributions will PCGS make 4) high price, low mintage. When I saw that 14,000+ (in a week) minted and even if 25% get returned it's still a high mintage coin with little base. The RP is not so unique in the Plat-world, why would the mint make the "enhanced" distinction? PCGS has helped by allowing the normal Proof have distinction. And, I was going to cancel but the box disappeared quicker than I thought. So, now I have a set and I've been PM'd to sell and am considering.
On a parallel note, if you read your PM once why does it disappear and why can't you save? Am I doing something wrong here? Those who PM'd could you please do it again...stupid brain.
Ren
<< <i>
<< <i>Ren, what is the point to spend 2g just to look at the coins? And then wait about a month to get credit back to your card? >>
Look at it another way if you are so inclined.....the 30 day Mint return policy is like giving the buyer a 30 day call option proxy for the price of Platnium.
That's a great point too. The price of Platinum has been on a tear recently.
Ren
Looking for reasonable silver lots (rolls or bars preferred). PM me with what you have.
<< <i>
On a parallel note, if you read your PM once why does it disappear and why can't you save? Am I doing something wrong here? Those who PM'd could you please do it again...stupid brain.
Ren >>
Ren ... you should still be able to read your prior PM's. Just click on the PM link even though it says "no new message(s)" and in there there is a button that says something like "view history", just click on this and you should be able to access PM's you've already read.
<< <i>
<< <i>
On a parallel note, if you read your PM once why does it disappear and why can't you save? Am I doing something wrong here? Those who PM'd could you please do it again...stupid brain.
Ren >>
Ren ... you should still be able to read your prior PM's. Just click on the PM link even though it says "no new message(s)" and in there there is a button that says something like "view history", just click on this and you should be able to access PM's you've already read. >>
Thanks, my brain feels better now.
Ren
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I have a PO Box so mine won't be here quite as fast but I don't think I'll be gambling any more money at attempts for 70's.
I had hoped for a quick sellout and to make a few bux.
I did get mine yesterday. It is still in the box and I'll ship it off tomorrow.
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
http://ProofCollection.Net
The 10th Ann Plat sets offer the 50% solution.
They will definitely go up in value, or not.
They will definitely sell out ,or not.
There will be a strong secondary market, or not.
They will definitely be good candidates for a flip, or not.
A year from know, they will definitely be higher priced ,or not.
So there you have it. What's to worry about?
Camelot
Link
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<< <i>A 200 dollar profit minus about 80 in shipping and fees. Pointless, I think. But that's my opinion. >>
I think between ebay listing & final value fees + paypal fees = free shipping....Your fees would be about $160+ ... net profit of about $100
<< <i>A 200 dollar profit minus about 80 in shipping and fees. Pointless, I think. But that's my opinion. >>
In general I agree, but $120 profit with no out of pocket expenses (just using credit card float) and very little effort is nothing to complain about.
Not to mention, over 2000 frequent flier miles or $20 cash back if the guy uses an incentive credit card.
http://ProofCollection.Net
I also wonder if the mint will do all 30,000 since they are now on backorder. I believe the die hard platinum collectors have their sets(maybe around 6-7000 true platinum collectors and that's a stretch). The rest of these are bought by dealers I believe. Just an opinion.
Box of 20
<< <i> If you can hold ten years the better off you will be. By then spot may have reached your $500 premium you are paying on these. >>
Can you name even one person here or anywhere else who is buying these based on their bullion value? Yes they are technically platinum bullion, but they aren't quite the same as a platinum bar or planchet. This is artistic bullion. It has a date and is part of a series and is therefore collectible. Saints are basically bullion too, but I don't see 65s or 66s selling for melt. The 1933 saint is the same bullin coin as the most common 62s, but find me anyone who would sell me one for spot price. As I said before too the mint doesn't work for free. The metals and plastic and other components in an automobile are probably worth a few hundred dollars in the commodity market, but try to find anyone to sell one to you at twice commodity pricing. Do you think GM would sell cars at $50 over cost? Mind you they would still be making a profit at ANYTHING over cost. You want bullion go to Engelhard or Johnson-Matthey.
Box of 20
<< <i>Also that 30 day return policy from the U.S. Mint. You can return them but don't be so sure the mint will refund your money right away and by then your card will have been charged, so you may pay interest on that $2000.00 for a least a month. >>
It depends on the terms of your CC company. I thought that in most cases that cards with a 30 day grace period get 30 days from the time the charges post and not when the billing cycle starts or ends. Does you card say 30 days grace or up to 30 days grace? I have always gotten prompt refunds from the Mint; never had to wait no 30 days and I have had lots of charges to my CC this year for varying times and have yet to pay a cent in interest.
Can you name even one person here or anywhere else who is buying these based on their bullion value? Yes they are technically platinum bullion, but they aren't quite the same as a platinum bar or planchet. This is artistic bullion. It has a date and is part of a series and is therefore collectible. Saints are basically bullion too, but I don't see 65s or 66s selling for melt. The 1933 saint is the same bullin coin as the most common 62s, but find me anyone who would sell me one for spot price. As I said before too the mint doesn't work for free. The metals and plastic and other components in an automobile are probably worth a few hundred dollars in the commodity market, but try to find anyone to sell one to you at twice commodity pricing. Do you think GM would sell cars at $50 over cost? Mind you they would still be making a profit at ANYTHING over cost. You want bullion go to Engelhard or Johnson-Matthey
Exactly. I have three of these sets for my collection and not flipping these. I am sure not buying these based on bullion value. But it is a component in this set that can't be overlooked either.
Some 69 platinum proof issues can be had for a little of spot. It hapens all the time on Heritage and other auction venues.
Box of 20
Box of 20
If everyong bought at $1950, few will be willing to sell less than that. Only if there is a complete lack of buyers and some sellers become desperate will the price fall much. Clearly with some of the spouses the flippers some became desperate and unloaded at losses, but I don't expect that to be the case as much with these.
BTW, Madison 69 First Strikes are bringing $600+. Not a big profit, but certainly not a loss.
http://ProofCollection.Net
<< <i> If you can hold ten years the better off you will be. By then spot may have reached your $500 premium you are paying on these. >>
Can you name even one person here or anywhere else who is buying these based on their bullion value? Yes they are technically platinum bullion, but they aren't quite the same as a platinum bar or planchet. This is artistic bullion. It has a date and is part of a series and is therefore collectible. Saints are basically bullion too, but I don't see 65s or 66s selling for melt. The 1933 saint is the same bullin coin as the most common 62s, but find me anyone who would sell me one for spot price. As I said before too the mint doesn't work for free. The metals and plastic and other components in an automobile are probably worth a few hundred dollars in the commodity market, but try to find anyone to sell one to you at twice commodity pricing. Do you think GM would sell cars at $50 over cost? Mind you they would still be making a profit at ANYTHING over cost. You want bullion go to Engelhard or Johnson-Matthey
Exactly. I have three of these sets for my collection and not flipping these. I am sure not buying these based on bullion value. But it is a component in this set that can't be overlooked either.
Some 69 platinum proof issues can be had for a little of spot. It hapens all the time on Heritage and other auction venues. >>
Yes, these do have a bullion component as well since they are made from a bullion metal, and some commemorative issues have even regressed to bullion pricing, but the mint puts a lot of effort into making these and like any business they have costs of doing business. I just don't get why some here seem to imply that the mint should sell these at cost or just a hair over. I know of no other business that gives their stuff away at cost plus a pittance.
Box of 20
http://ProofCollection.Net
Box of 20
<< <i>A 200 dollar profit minus about 80 in shipping and fees. Pointless, I think. But that's my opinion. >>
Are you talking about the quick flip to moderncoinmart? If so, you are clueless.
There are no "fees" and just the shipping. Shipping is ~$20 for registered.
If you are talking about submitting to PCGS, then you should only do it (imho) for yourself to keep the set or for a gamble to get a 70 or 2.
If that is the case, take the "$200 profit" out of it and focus on the ~$80 shipping/fees (before ebay) and just consider it a pure Vegas-style gamble.
Too much whining.
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
<< <i>You guys might want to check bullion prices. Platinum is over $1520. Also, at the rate platinum is increasing in price, we're not looking at 10 years, melt value of these coins will easily be $1950 in 1-2 years. >>
So yer lookin at 2 years to break even? In the meantime where else could one invest $2K to MAKE some money? A money market fund is pretty much guaranteed, but not payin all that much.
http://ProofCollection.Net
<< <i>
<< <i>A 200 dollar profit minus about 80 in shipping and fees. Pointless, I think. But that's my opinion. >>
Are you talking about the quick flip to moderncoinmart? If so, you are clueless.
There are no "fees" and just the shipping. Shipping is ~$20 for registered.
If you are talking about submitting to PCGS, then you should only do it (imho) for yourself to keep the set or for a gamble to get a 70 or 2.
If that is the case, take the "$200 profit" out of it and focus on the ~$80 shipping/fees (before ebay) and just consider it a pure Vegas-style gamble.
Too much whining. >>
No the referral was to the 1st IN HAND with starting bid of 2149. sold 1 bid 2149, after fees etc, hardly worth the effort, and I expect it will only get much worse. The MCM deal was fine, can never laugh at profits.
<< <i>Why should these sell for a profit at this point? Anyone who wants one can still get it from the mint. There are always posts stating how stupid people are for paying more for a coin on eBay when they can get it for less from the mint. This time it is simply working as it should. There is no reason for the price to rise (if it does) until the final mintage is known. >>
Exactly, there are over 300 million folk in this country and a fair number of them aint too smart; but don't tell the folk at HSN or Coin Vault or whatever bout that.
<< <i>Why should these sell for a profit at this point? Anyone who wants one can still get it from the mint. There are always posts stating how stupid people are for paying more for a coin on eBay when they can get it for less from the mint. This time it is simply working as it should. There is no reason for the price to rise (if it does) until the final mintage is known. >>
Some people want more than 1 set. That's why.
But if you want more, you can't get the subsequent ones from the Mint. There is a limit of one. Maybe that is why people are buying them cheap on eBay.
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<< <i>There is another explanation... It's obvious from some Ebay sales records that some people just don't know that they can buy directly from the mint. I don't understand it, but it must be the case. >>
I would say for the platinum issues that would be a small minority of the sales. More likely IMO it is flippers looking to pick up an extra set or two at a small cost above issue. Similar to what Modern Coin Mart and Wondercoin are doing.
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<< <i>Out of curiousity, what are modern and wonder still offering?? 2100???? thx They are smart, if I had woking capital I would be doing the samething:<
I don't know but I agree. By obtaining several sets early on, it puts you ahead in the flippin' game and drastically increases your odds of a perfect 70 set or sets which will by far, cover the expense in obtaining the additional sets and lower your total cost per set. Also, I like the odds of the Reverse Proof grading a 70 which in the case of a First StrikeSM 70 should do well on it's own , similar to last years 20th anniversary gold Reverse Proof which has a 52% 70 ratio.
<< <i>I like the odds of the Reverse Proof grading a 70 which in the case of a First StrikeSM 70 should do well on it's own , similar to last years 20th anniversary gold Reverse Proof which has a 52% 70 ratio. >>
Problem is that platinum is way harder then gold and hard to mint. There will be a far smaller percentage of PCGS PF70s.
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<< <i>Historical pop reports show PR70's making up 5-10% of total populations. >>
IMO, the historical pop report ratios of the platinum Proof DCAM will not apply to the platinum Reverse Proof and will be more like the ratios of the 20th anniversary AGE set. The 70 ratio comparison I made was between the 20th anniversary AGE Proof DCAM and Reverse Proof.
Last year the 20th anniversary AGE Proof had a 13% 70 ratio with 204 graded PR70DCAM while 1507 came back PR69DCAM. The 20th anniversary AGE Reverse Proof had a 52% 70 ratio with 952 PR70's and 857 PR69's. I do expect the 10th anniversary APE Proof DCAM to have a much lower 70 ratio than the Reverse Proof APE similar to the 20th anniversary AGE ratios. That is also why I believe the 10th anniversary Proof DCAM will be the key to a perfect 70 set since it will have a much lower population than the 70 Reverse Proof the same as what happened last year with the 20th anniversary AGE set.
<< <i>I think these coins are not very flippable unless you get a 70 and not being able open the package BEFORE submitting puts you at a big disavantage. Yer gonna have to lay out $20K for 10 sets to have a good shot. >>
I think it depends on how well the Reverse Proof grades. Since I think it will grade well, with 3 or 4 sets you should do good. I agree the 10th anniversary PR70DCAM will be a tough one, though IMO the First StrikeSM 10th anniversary PR69DCAM will also be sought after by collectors that opened the box and are looking to put together a PCGS graded set and the PR70DCAM going for big money.