1995W Proof Eagle PCGS 70 DCAM
Dennisl
Posts: 547
Check out the bid on the 1995W Proof Eagle PCGS 70 DCAM on Teletrade. It is already up to $9600 plus buyers fees and the auction has 6 hours to go.
Teletrade 1995 W PR70DCAM
Teletrade 1995 W PR70DCAM
0
Comments
09/07/2006
Keith
Go BIG or GO HOME. ©Bill
Wow, didn't see the MS-70 CVC. May have to reconsider keeping mine and downgrade to a MS-69. Could do a lot of upgrades with that.
Keith
By the way, one of those collectors who bought one for $450 is making it available to me for resale if anyone wants it. I believe he is asking around $1200 today. PM me if you would like me to try to pick it up tonight about about 1/2 the price of the existing coin sale on Teletrade. Wondercoin.
Thank You
Does anyone know if a final mintage number has been released yet for this piece. It was looking like it was going to come in as the second lowest of the series.
Keith
Since this coin is still listed as pending, and the coin I bid on shows the final price, I would assume this coin did not meet the reserve. I remember a similar situation a while back on a coin that I was trying to determine if it actually sold.
Also, wasn't this coin on Ebay recently? What was the high bid there? (I think it had a reserve there too)
You are most likely correct, although the database could still be updating. The coin was originally offered on E-Bay with an open of $14,999 and no bidders when it ended.
Keith
Keith
William S. Burroughs, Cities of the Red Night
The buyback bid is your reserve. As a seller, you may place a competitive bid before the auction. However, a buyer can bid higher during the auction and win the coin. In this scenario, the seller pays the selling fees if the coin does not meet this reserve. Also, the coin is not considered sold and there is not a price realized.
If the seller places a bid after the auction has started, the seller gets charged fees both ways and the coin is considered sold at the final price.
In the case of this coin, the seller placed a buyback bid before the auction and there was not a buyer who was willing to go higher.
Keith
Many of the coins offered on Ebay recently have gone unsold not meeting the sellers reserve. That tells me that there is very, very little support for them at the $2,000 dollar price range. The sellers are testing the waters at this price level and finding the water is a little chilly.
Now don't tell me about this one coin sold for such and such a price or that one sold for such and such a price. As has been said about the current coin being offered on Ebay, it was sold by a dealer to another dealer to quickly turn around and sell most likely to another dealer and the going around in circles continues. From what I've seen the vast majority being offered at these prices are NOT being sold. I'm speaking as a collector to other collectors, UNLESS you've got money to burn my advice is don't buy these coins now at these prices hoping to recoup the cost years down the road. Be patient, if you're hoping to add one of these coins to your collection I think there will be better deals you can make down the road. How long down the road...I don't know you'll just have to keep watching.