the 1856-0 $20 is just doing crazily at heritage... please someone explain why and whats driving it
joebb21
Posts: 4,759 ✭✭✭✭✭
this one seems to be doing just fine!
over $300,000 in 7 years? not a bad investment!
recession proof coin
*****UPDATED**** ITS NOW GOING FOR $800,000
update yet again at $1,250,000!!!!
over $300,000 in 7 years? not a bad investment!
recession proof coin
*****UPDATED**** ITS NOW GOING FOR $800,000
update yet again at $1,250,000!!!!
may the fonz be with you...always...
0
Comments
<< <i>knowledge is recession proof >>
Dumb luck can be better than knowledge with one coin. Plenty of knowledgeable coin collectors bought coins seven years ago, and are break even after fees or have a modest profit.
Greg Hansen, Melbourne, FL Click here for any current EBAY auctions Multiple "Circle of Trust" transactions over 14 years on forum
Up to 2001, they were the worst performing part of my coin collection from the mid 1990's.
But this is a perfect example to look at the long term, not short term price performance of collector and investment type coins.
is this the ONLY coin that has TRIPLED in value over this "recession"
any clues why this coin is going for milky way money???
Still, if two bidders want it, well, the sky's the limit I suppose.
Well, just Love coins, period.
2002, 2004, and now 2009. talk about a hot potato.
njcc
<< <i>i wonder why the coin sells so often?
2002, 2004, and now 2009. talk about a hot potato. >>
In this era of Registry collecting, a 5-year hold period is actually a long time. I'm not saying that's a good thing, but it is the numismatic world in which we live.
<< <i>Maybe I am reading the screen wrong, but it appears that the reserve is $1,250,000.00 and has not been met. Anyone care to confirm or correct me?
njcc >>
You're right. It's the reserve.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>So, let me get this straight---one well heeled bidder is bidding against the reserve? >>
It sounds like there was a live bid at 800K, which was then trumpoed by the reserve at 1.25 million. A live bid at 800 means there must have been an underbidder at 750. Right?
<< <i>
<< <i>So, let me get this straight---one well heeled bidder is bidding against the reserve? >>
It sounds like there was a live bid at 800K, which was then trumpoed by the reserve at 1.25 million. A live bid at 800 means there must have been an underbidder at 750. Right? >>
Not sure. On Teletrade, their computer will bid against a live bidder until the reserve is met. Not sure if it's the same here. Obviously a coin like this will have multiple bidders up to a point where all but one drops out.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
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Jay
<< <i>13 bidders yet none bid as high as the reserve. What does that tell you? I hate when people try and set their own price for a unique coin rather than let the market set the price. Basically, this person thinks that the value of the coin tripled in 4 years, even though the market is now soft. Pure arrogance! >>
Read Legend's hot topics report posted 17 May on their website. Although it relates to patterns, you can still apply it to a case like this.
john
<< <i>13 bidders yet none bid as high as the reserve. What does that tell you? >>
It doesn't tell me anything until the auction is over.
<< <i>
<< <i>i wonder why the coin sells so often?
2002, 2004, and now 2009. talk about a hot potato. >>
In this era of Registry collecting, a 5-year hold period is actually a long time. I'm not saying that's a good thing, but it is the numismatic world in which we live. >>
Sometimes things become so valuable that a collector can't afford to own it - even tho he may have bought it years ago at a much lower level. The opportunity cost simply becomes too great.