$10,500 for a Statehood Quarter WOW!!!
YaHa
Posts: 4,220 ✭
Teletrade auction 2533 lot 2397 Silver Delaware statehood quarter for $10,500. I think it's nice there are only 20 of these but there is a huge risk if more of these get grade a 70 grade from PCGS and with millions of sets out there for $10,000 I think GOlD would be a better investment.
I wonder if the person that bought this coin is George Wilson on the Show Denace the Menace?
This is a opinion, if you don't like go jump in a lake.
I wonder if the person that bought this coin is George Wilson on the Show Denace the Menace?
This is a opinion, if you don't like go jump in a lake.
0
Comments
Mr Wilson from Dennis the Menace would not buy this coin. I think he collected classics and would not get caught up in collecting plasticized moderns. But I could imagine someone like Gomez (from the ADAMS FAMILY) show buying it.
<< <i>With a little time and patience, I would think that a nice enough example for a collection could be found in the set as it came from the mint. Why someone would pay such big money for this coin in Third Party plastic is beyond me.
Mr Wilson from Dennis the Menace would not buy this coin. I think he collected classics and would not get caught up in collecting plasticized moderns. But I could imagine someone like Gomez (from the ADAMS FAMILY) show buying it. >>
Gomez would buy them all, put them away and never know what he had. LOL
<< <i>Wow, I could think of 10,500 other coins I would spend my money on before this one and you are right, if just one or two more earn a PR70DCAM, the price will drop like a rock. >>
While I certainly would not spend $10k for one of these, this conversation has been had many times here, and it has been shown that the depth of the market for these types of coins is greater than one would think. This is often the case in the nutty coin biz (ie. "supply begets demand"). My best guess is that the price of these would not be negatively affected by the appearance on the market of one or two more of these.
Now if only I could pick the right Powerball numbers! Wonder if that was something someone would buy if THEY hit the lottery?
Mint production for the 1999 silver proof sets was 804,565 and this product line DID NOT sell out. I also do not recall the US Mint offering the 5 individual quarters as their own individual set either. They were offered, I believe, again in 2001 in conjunction with the 2000 sets (which also did not sell out) but due to poor storage condidtions on the part of the US Mint most were returned due to bad coins. I believe the US Mint did destroy the unsold sets.
I could not give a reasonable guesstimate on the number of sets that survived but it is way less than 804,565.
The name is LEE!
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
And as others have posted, there are classic coins that have more than a $10,000 spread between 64 and 65 so while this coin selling for $10,500 surprises some people it doesn't surprise me. Like most of you, I would not pay that type of money for that coin (but I'd be happy to be the seller) if I was to buy one like that, I would want it slabbed.
btw, to some people 10k is nothing. there are people on this board who can lose 10k out of thier pockets and not even know it's missing.
Link
TT auction from 05/08 $10,500
Link
#1 Statehood Quarter Registry
halfnut X3, Dabigkahuna, Kaelasdad, LALASD4, harvey85422458,
fivecents, Coll3ctor, cucamongacoin, Becoka
Wondercoin
Actually, on the Mint State side of things - the Delaware MS69 quarter owned by the #1 set holder would easily fetch in excess of $20,000 sight-seen if offered this week IMHO.
Wondercoin
<< <i>This has been floating around for a couple of weeks...
#1 Statehood Quarter Registry >>
Actually I had a 5 day listing that ended yesterday (5/25/08) and i relisted it. Although no offers, that was the most watchers i have ever had on an item(s)...52. I actually contacted Heritage about my set...they did not even respond.
<< <i>Wow, that's up since the last time one sold on TT, it went for ~$7,000 about a year ago. >>
That can't be true. We all know that pop top moderns only go down in value.
Russ, NCNE
<< <i>even though the population has gone up to 22 from 14 a year ago it still went for more money than last time. >>
That can't be true. We all know that pop top moderns only go down in value.
Russ, NCNE
Us mere mortals can only wonder - about the power - or the stupidity.
<< <i>
<< <i>even though the population has gone up to 22 from 14 a year ago it still went for more money than last time. >>
That can't be true. We all know that pop top moderns only go down in value.
Russ, NCNE >>
It may be now that the series is ending more collectors are looking to finish their sets, with the Delaware quarter being the first and key to the set in a 70 grade.
<< <i>
<< <i>This has been floating around for a couple of weeks...
#1 Statehood Quarter Registry >>
Actually I had a 5 day listing that ended yesterday (5/25/08) and i relisted it. Although no offers, that was the most watchers i have ever had on an item(s)...52. I actually contacted Heritage about my set...they did not even respond. >>
Wow, that is some set of Quarters! Did you think about listing it and taking offers? You might get close to your asking price that way. Good luck with the sale!
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
I do wonder about the big dollar modern collector sometimes. How long they have been collecting, etc.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
<< <i>registry madness.
btw, to some people 10k is nothing. there are people on this board who can lose 10k out of thier pockets and not even know it's missing. >>
believe me, they'd know.....
<< <i>
<< <i>registry madness.
btw, to some people 10k is nothing. there are people on this board who can lose 10k out of thier pockets and not even know it's missing. >>
believe me, they'd know..... >>
Not necessarily. I believe there are certain people that are just that wealthy and don't keep track of their money that well. Actually. . .I know one.
Exactly what is so stupid about this? What?
It seems to me that all the "stupid" comments are being leveled by folks that have a minimal understanding about collector's and what they are all about!
As for choosing to spend your $10,500 on something else, great! Do it, but why criticize someone for paying good money for something "they" like simply because "you" wouldn't or because "you" do not understand?
All I can say is that the collector's of Modern Coinage are every bit as serious about what they collect as the classic guys and some of the classic guys need to take a couple of steps back and reflect on why they spend as much as they do on their collections. Not every coin is bought with the sole intent of turning a buck. Some are actually bought because folks want nothing but the best in their personal collections.
The name is LEE!
``https://ebay.us/m/KxolR5
<< <i>I have tried to be a modern coin basher, but gave up. Every week you read where this modern or that modern coin sold for 10k, 15k or more. Keep the high rollers in the modern coins and away from the classics, they could drive the prices up even faster than they are already climbing. I do wonder about the big dollar modern collector sometimes. How long they have been collecting, etc. >>
Most of them have a solid foundation in classic coins and often have sets of those too. One of my best modern customers is also looking for a 6-digit-priced gold coin to complete his set in that series. --Jerry
<< <i>All the comments regarding the "stupidity" of spending $10,500 on a PR70 DCAM State Quarter simply amaze me!
Exactly what is so stupid about this? What?
It seems to me that all the "stupid" comments are being leveled by folks that have a minimal understanding about collector's and what they are all about!
As for choosing to spend your $10,500 on something else, great! Do it, but why criticize someone for paying good money for something "they" like simply because "you" wouldn't or because "you" do not understand?
All I can say is that the collector's of Modern Coinage are every bit as serious about what they collect as the classic guys and some of the classic guys need to take a couple of steps back and reflect on why they spend as much as they do on their collections. Not every coin is bought with the sole intent of turning a buck. Some are actually bought because folks want nothing but the best in their personal collections. >>
pfft. these same people would never consider buying the coin
raw for the same price. plastic lovers. without the hand holding
of a tpg these folks would never have bid coins like this up to
these levels. let the word out on the bourse that slightly
more liberal grading is back in vogue. resubmit time for all those
69s!
-D
-Aristotle
Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.
-Horace
Jerry - Are you appropriately "warning" him on those huge one point "classic" moves
Wondercoin
<< <i>
<< <i>All the comments regarding the "stupidity" of spending $10,500 on a PR70 DCAM State Quarter simply amaze me!
Exactly what is so stupid about this? What?
It seems to me that all the "stupid" comments are being leveled by folks that have a minimal understanding about collector's and what they are all about!
As for choosing to spend your $10,500 on something else, great! Do it, but why criticize someone for paying good money for something "they" like simply because "you" wouldn't or because "you" do not understand?
All I can say is that the collector's of Modern Coinage are every bit as serious about what they collect as the classic guys and some of the classic guys need to take a couple of steps back and reflect on why they spend as much as they do on their collections. Not every coin is bought with the sole intent of turning a buck. Some are actually bought because folks want nothing but the best in their personal collections. >>
pfft. these same people would never consider buying the coin
raw for the same price. plastic lovers. without the hand holding
of a tpg these folks would never have bid coins like this up to
these levels. these same tpgs might need to make sure the stock
price stays high and let the word out on the bourse that slightly
more liberal grading is back in vogue. resubmit time for all those
69s! >>
Careful now as it sounds like you are saying that the TPG's manipulate the coin market just to keep their stock up which is not only unethical from an SEC standpoint but could get some hands slapped. TPG's grade coins, buyer's dictate price. Buyer's are controlled by series popularity and right now modern high grade coins bring modern high prices.
As for the "buying it raw" statement, I can't begin to count or remember the number of times that newbie's are told to NEVER buy an 09SVDB or a 55/55 or some other coin raw. If anything at all the TPG's have added that level of protection for coin buyers and value.
The name is LEE!
The name is LEE!
<< <i>
<< <i>
<< <i>All the comments regarding the "stupidity" of spending $10,500 on a PR70 DCAM State Quarter simply amaze me!
Exactly what is so stupid about this? What?
It seems to me that all the "stupid" comments are being leveled by folks that have a minimal understanding about collector's and what they are all about!
As for choosing to spend your $10,500 on something else, great! Do it, but why criticize someone for paying good money for something "they" like simply because "you" wouldn't or because "you" do not understand?
All I can say is that the collector's of Modern Coinage are every bit as serious about what they collect as the classic guys and some of the classic guys need to take a couple of steps back and reflect on why they spend as much as they do on their collections. Not every coin is bought with the sole intent of turning a buck. Some are actually bought because folks want nothing but the best in their personal collections. >>
pfft. these same people would never consider buying the coin
raw for the same price. plastic lovers. without the hand holding
of a tpg these folks would never have bid coins like this up to
these levels. let the word out on the bourse that slightly
more liberal grading is back in vogue. resubmit time for all those
69s! >>
Careful now as it sounds like you are saying that the TPG's manipulate the coin market just to keep their stock up which is not only unethical from an SEC standpoint but could get some hands slapped. TPG's grade coins, buyer's dictate price. Buyer's are controlled by series popularity and right now modern high grade coins bring modern high prices.
As for the "buying it raw" statement, I can't begin to count or remember the number of times that newbie's are told to NEVER buy an 09SVDB or a 55/55 or some other coin raw. If anything at all the TPG's have added that level of protection for coin buyers and value. >>
tis a known fact tpg grading cycles through times of strict and liberal
with a constant theme of grade inflation. sounds good huh? manipulate or whatever you want to call it is fine with me. i cannot
explain the lack of consistency except to compete with another
certain tpg, fresh blood in the grading room, or what not.
as for buying things raw.. well heck, people do buy classics raw
when they feel up to it and pay good money for them. as for these
modern coins in condition rarity, they offer next to nothing. 10 bucks.
20 bucks. 50 bucks. never 5000 bucks. it takes kool-aid for that to
happen.
show me a raw modern that was considered high grade and a top
notch price? cannot find one eh?
on the flip side, we can show many many classics being sold raw
getting comparable money to their slabbed cousins. check out stacks
coin auctions which have many raw coins for sale.
where is this modern coin auction website where i can see pee dollars
raw selling for multi thousands of dollars?
<< <i>Now again, tell me exactly what is so stupid about someone buying what they want to buy and paying what they feel its worth to them? >>
you mean what the plastic with the little label saying 70 is worth
to them. the coin is rather meaningless, after all bust it out and
sell it raw and they shy away. ooohh now it is not the same coin..
i am a pansy collector who requires that slip of paper to make my
purchase "seem" legit. just look at that pop report!
i said that in a rage of coin frenzy. i shall edit it out of my posts.
but i simply cannot explain the lack of consistency. competing with
ngc or some other tpg for business? changing graders or fresh
blood? i dunno. editing my stupid comment. well one of them ;-)
<< <i>
<< <i>With a little time and patience, I would think that a nice enough example for a collection could be found in the set as it came from the mint. Why someone would pay such big money for this coin in Third Party plastic is beyond me.
Mr Wilson from Dennis the Menace would not buy this coin. I think he collected classics and would not get caught up in collecting plasticized moderns. But I could imagine someone like Gomez (from the ADAMS FAMILY) show buying it. >>
Gomez would buy them all, put them away and never know what he had. LOL >>
gomez would blow them up, just for the fun of it
Go BIG or GO HOME. ©Bill
<< <i>Now again, tell me exactly what is so stupid about someone buying what they want to buy and paying what they feel its worth to them? >>
I hope I didn't say that, I would of bought Gold or maybe after getting a rebate check back from Chevolet and the other huge discounts maybe I would of bought a 2008 Impala. Now that's me.
By the way the sets do not age well in the containers as they are not sealed and many claim the ink in the first year cards tone the coins thus keeping them out of 70 contention. basically if you need the coin you better have about $50,000 float on baord to try and increase the odds of making one. That will not ensure anything but a huge headache. The guy spending the big bucks is probably ahead of the game - trust me as i am a major supplier of these type coins to the markeplace and this date is generally a business buster.
<< <i>"One of my best modern customers is also looking for a 6-digit-priced gold coin to complete his set in that series. --Jerry" Jerry - Are you appropriately "warning" him on those huge one point "classic" moves
You mean like from 58 to 64?
<< <i>The last comment is my favorite lol, jump into a lake? >>
The guy who bought the thing likely did..........whooo wheee, I nailed it! (and into the lake he went)
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection