These statements in a recent CW column puzzled me
kranky
Posts: 8,709 ✭✭✭
In a column about 1972/72 DDO Lincoln varieties, the writer mentions that the DDO #8, one of the stronger "minor" DDOs for 1972, is severely underrated in the Cherrypickers Guide where 65RDs are priced at $25.
"If you can find one at this price in MS-65 red, grab it, as accurately graded MS-65 red examples of this coin sell for multiples of the book price on eBay when they become available."
Then he goes on to point out some unscrupulous eBay sellers who sell 1972 DDOs don't disclose which DDO it is. "...resulting in less knowledgeable bidders thinking they are bidding on the major DDO #1, thereby driving up the price beyond actual market value."
Is it me, or do those two statements conflict with each other? Maybe the reason the DDO #8s sell for more than the Cherrypickers price is because people think they are buying the DDO #1?
"If you can find one at this price in MS-65 red, grab it, as accurately graded MS-65 red examples of this coin sell for multiples of the book price on eBay when they become available."
Then he goes on to point out some unscrupulous eBay sellers who sell 1972 DDOs don't disclose which DDO it is. "...resulting in less knowledgeable bidders thinking they are bidding on the major DDO #1, thereby driving up the price beyond actual market value."
Is it me, or do those two statements conflict with each other? Maybe the reason the DDO #8s sell for more than the Cherrypickers price is because people think they are buying the DDO #1?
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
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