Anybody see the Pawn Stars episode with the encased stamp? Does this look familiar?

coinkid855

Anyone have an idea on the rarity of this particular advertiser?






Thanks guys!



-Paul

airplanenut

<< <i> Anyone have an idea on the rarity of this particular advertiser? >>

Let me go call a buddy of mine... he knows all about these things.

coinkid855

Thanks a lot Jeremy!



-Paul

COALPORTER

couple of thread on this already

coinkid855

Jeremy, I did some research and figured it out. It's a r-5 21-30 known. I'm not sure how good of shape this is in though, comparatively, It looks better than this one from Heritage.



-Paul

WoodenJefferson

Sent you a PM where some are being sold

AUandAG

One on ebay now for $25,000, same advertiser but a different colored stamp.

bob
Ebay link

coinkid855

I don't trust that price at all. Haha



-Paul

coindeuce

You have a Scott-91, Hodder/Bowers-124, EP-114, plain frame 10c. Some issues of condition relating to all of the components ( stamp, mica lens and frame all are impaired, especially the hole in the back of the frame). Probably has a market value of $350-$450. The 5c and 10c varieties for this merchant are considered common. Conversely, the 3c and 12c varieties are extreme rarities.

coinkid855

<< <i>You have a Scott-91, Hodder/Bowers-124, EP-114, plain frame 10c. Some issues of condition relating to all of the components ( stamp, mica lens and frame all are impaired, especially the hole in the back of the frame). Probably has a market value of $350-$450. The 5c and 10c varieties for this merchant are considered common. Conversely, the 3c and 12c varieties are extreme rarities. >>



HB 124 or 123? I'm pretty sure it's 123.



-Paul

Musky1011

"I have to make a living"

"If I buy at retail....I won't make any money"

Longacre

Does anyone else here get uncomfortable when they start negotiating the price, especially when the expert gives the FMV?

BillJones

<< <i>Does anyone else here get uncomfortable when they start negotiating the price, especially when the expert gives the FMV? >>



No, I'm not uncomfortable with it at all.

The numbers often given by the experts on the show are auction or retail numbers. From those numbers you can deduct the auction commission, which is 10 to 15 percent, plus the fact that you will have to wait several months (as much as a year in the case of some exonumia) between the time the item is consigned, the time the item is sold at auction (if it sells with a reserve) and the payment that is finally made to the consignor. You also run the risk that the auction bid estimate is not met.

The pawnshop guy is offering a quick cash payment and that is worth something. Plus the pawnshop is NOT a specialty coin shop that will get a lot of collectors walking through door that will pay retail prices. A pawnshop would be one of the last places I'd go to buy coins, tokens or anything else.

The pawn shop is a brick and mortar business with more overhead that laypeople can imagine. If an item is only worth Gray Sheet “bid” at the retail level, then paying 30% in back of that is almost generous. If I had had a store when I was dealer I could not have worked on the 10 to 20 percent mark-ups that I had (and some collectors thought I was pig for asking that much of mark-up; they wanted me to work for nothing.)

As for the encased postage that was on the show, it was a White Hatter piece, which quite rare and seldom seen. The offer of $1,500 was very fair. The White Hatter shop was located on the ground floor in the same building as P.T. Barnun’s New York City museum. During the Civil War Confedeate spies set that building on fire. White Hatter was also one of the few merchants who issued both an encased postage piece and a Civil War token.

Having said all of that, I as a Civil War items buff, would not be a strong buyer for that piece. Yes, I’d pay more than I would for a common piece, like Aye’s Pills, but as collector who only wants a representative encased postage piece, that one would not rate a premium price from me. I don't collect encased postage by merchant and variety and have no interest in trying to do that because it's a very hard and expensive series to collect once you get by a the most common merchants.

airplanenut

<< <i>Thanks a lot Jeremy!



-Paul >>

Not to be unhelpful, but that was a joke

chaze215

I saw that show with the encased stamp. That poor guy got ROBBED! So, when I was recently in Vegas, I took a drive down to that pawn shop. I wanted to see what price they had on it. As I turned the corner, the line to get in was about 50 deep.....@ 9am on a Thursday! I turned right around and headed back to the casinos

coinkid855

<< <i>

<< <i>Thanks a lot Jeremy!



-Paul >>

Not to be unhelpful, but that was a joke >>




Haha, well screw you then. Lmao



-Paul

BBN

Many of these people get way less than they MIGHT get at an auction. That's the problem with auctions. There is no defined price on an item and between overhead and the chance that the piece(or anything they buy) may end up being a dust collector I can't blame them for lowballing. The people have heard what the value of their item is. They have the power to say no and walk away or they could try to sell the item themself on ebay and may or may not get what the pawn shop pays them. Some items are such losers on ebay it isn't funny. Especially sports memorabilia. If you BIN a sports item on ebay like an autographed helmet/jersey/etc you'll have a tough time getting even 60% of what you paid.

beartracks42

According to "The Standard Catalog of United States Paper Money" by George Cuhaj and Bill Brandimore, you have a EPS191 issue with prices running from $200 in fine to $850 in AU. It is hard to grade this item by picture, but it does not appear to be better than fine, IMO.

ebaytrader

<< <i>Many of these people get way less than they MIGHT get at an auction. That's the problem with auctions. There is no defined price on an item and between overhead and the chance that the piece(or anything they buy) may end up being a dust collector I can't blame them for lowballing. The people have heard what the value of their item is. They have the power to say no and walk away or they could try to sell the item themself on ebay and may or may not get what the pawn shop pays them. Some items are such losers on ebay it isn't funny. Especially sports memorabilia. If you BIN a sports item on ebay like an autographed helmet/jersey/etc you'll have a tough time getting even 60% of what you paid. >>




Most or all of the deals you see on that program are staged. The items are often provided by the professionals that do the appraising.

MICHAELDIXON

Most or all of the deals you see on that program are staged. The items are often provided by the professionals that do the appraising.

Really? What is your source of this information?

chaze215

<< <i>Most or all of the deals you see on that program are staged. The items are often provided by the professionals that do the appraising. >>



I'm not so sure I believe that, but then again it wouldnt surprise me.