'01 Visitors Center $5 Unc Gold Commem for $280? Pics Added

CoinHusker

I was looking through modern commems at the state show yesterday and spot a UNC '01 $5 gold visitors center with a price of $295 on the package. I asked the dealer if that was his price and he looked at the box and said, "How about $280?" I smiled, paid quick and walked away in disbelief at what just happened. I still can't believe it. UNC's are still in the $1,200 range aren't they? Going back to the show in a few minutes but doubt if anything can top that but I'll keep my fingers crossed.

Here's two pictures.
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edit to add Pictures

keets

that would be a major screw up by the dealer if it is in fact a Mint State and not Proof issue.

CoinHusker

<< <i>that would be a major screw up by the dealer if it is in fact a Mint State and not Proof issue. >>



It's the Mint State and not the proof.

CoinHusker

I'll add a pic when I get back from the show this afternoon.

I also bought a proof '02 Olympic 2 coin (silver and gold) commem set from him for $240. I'm going back today loaded for bear.

keets

maybe he's having a "going out of business" sale and doesn't even know it!!!

FatMan

The dealer likely isn't going out of business and doesn't care. I suspect he paid some widow $50 bucks for the same coin and made over $200 bucks on the transaction.

keets

The dealer likely isn't going out of business and doesn't care. I suspect he paid some widow $50 bucks for the same coin and made over $200 bucks on the transaction.

chill out FatGuy, my comment was just a bit tongue in cheek. really, though, the day a dealer rips a widow and passes the savings on to an anonymous collector will be the day i die. it seems clear that he wasn't aware of the $1000 "rip" and had the item priced wrong.

CoinJunkie

For the record, I've seen dealers who regard all modern commems as bullion and buy and sell accordingly.

TwoSides2aCoin

Advantage: Forum member with insider knowledge.

keets

Advantage: dealer who knows how to read GreySheet???

illini420

I think the funniest thing is that you knew you were getting a smoking deal and you still hammered the guy for an extra $15!!!! When I find a decent deal (not even close to as good as yours), I'll just pay the dealer's asking price It's actually risky to offer less like you did. What if that lower offer prompted him to pull out a greysheet to double check the price? You would have lost out. But offering to pay the asking price NEVER raises a question by the dealer.

keets

ditto, illini!!!

CoinHusker

<< <i>I think the funniest thing is that you knew you were getting a smoking deal and you still hammered the guy for an extra $15!!!! When I find a decent deal (not even close to as good as yours), I'll just pay the dealer's asking price It's actually risky to offer less like you did. What if that lower offer prompted him to pull out a greysheet to double check the price? You would have lost out. But offering to pay the asking price NEVER raises a question by the dealer. >>




If you re-read my OP you'll notice I asked him "if that was his price"? I didn't ask him to lower it. At the time I was actually wondering if the sticker was wrong and his actual price much higher. I didn't go into detail. I just asked "if that was his price."

Foxer

I love that feeling you get as you are walking away from someone with a super deal in your hand.

One man's folly is another's fortune

GoldenEyeNumismatics

Every once in a while you get to be in the right place at the right time. It's always a lot of fun when it happens.

BAJJERFAN

Maybe it was sposed to be $1295.

illini420

<< <i>

<< <i>I think the funniest thing is that you knew you were getting a smoking deal and you still hammered the guy for an extra $15!!!! When I find a decent deal (not even close to as good as yours), I'll just pay the dealer's asking price It's actually risky to offer less like you did. What if that lower offer prompted him to pull out a greysheet to double check the price? You would have lost out. But offering to pay the asking price NEVER raises a question by the dealer. >>




If you re-read my OP you'll notice I asked him "if that was his price"? I didn't ask him to lower it. At the time I was actually wondering if the sticker was wrong and his actual price much higher. I didn't go into detail. I just asked "if that was his price." >>



My mistake I caint reed.

DieClash

Nice score!

metalmeister

Play the lotto. Go to Las Vegas now.

HalfStrike

You should have asked if he had any of those Jackie Robinson coins nobody wants as well?

CoinHusker

<< <i>You should have asked if he had any of those Jackie Robinson coins nobody wants as well? >>



Believe me, I looked.

guitarwes

Very nice pick. It pays to be knowledgable.

This reminds me of a fellow forum member who picked up a 1883 VAM-10 Sextupled Stars in a very very very similar situation.

TwoSides2aCoin

Mitch, I wanted to say this yesterday, but in light of "the day it was" my tongue was bridled.
So in the proverbial sense of things around this place:

You Suck

Walmann

I want to know what he was charging for 09 Lincoln cents.

CoinHusker

<< <i>

You Suck >>




thanks Joe!

GritsMan

I can't help but contrast this to the soap opera going on in NN about the guy who cherry-picked a silver dollar worth thousands from a local dealer's junk bin. The guy has (unfairly, IMO) been raked over the coals by people who believe he should have declared his find to the dealer and offered to pay full price. This just seems absurd to me. It's the dealer's JOB to know his coins and if he doesn't, well that's all part of the game...

And I agree...

YOU SUCK!

InternetJunky

<< <i>
If you re-read my OP you'll notice I asked him "if that was his price"? I didn't ask him to lower it. At the time I was actually wondering if the sticker was wrong and his actual price much higher. I didn't go into detail. I just asked "if that was his price." >>



Thats what I would have asked too. With that kind of buy my guess would have been the price on the box was what the dealer bought it for, not for what he was selling it for. Great pick up!!

notlogical

I was there and couldn't beleive it either.

I picked up some great deals on silver commems and flipped them right at the show and made about $100 for the weekend.