Is the "Good Stuff" (single pop coins) never publicly offered?

braddick

Are there Registry coins that are quietly traded between hands with no ones knowledge? Are coins added to holdings and confidences kept? It appears the likely sources for buying great coins is drying up. Oh, there is the occassional 'hit' (Like Tad's amazingly toned Washington Commemorative), but generally only those coins one or two spots over from the "far right side of the pop reports" are being offered. Check eBay: 1976 Type I PCGS MS65 Ike. Not the rare MS66.
Check Teletrade: 68CAMs. No single pop 69DCAM's.
Are there some coins that are just "too good" to be offered to all Collectors and go instead to Dealers best customers?
Do Dealers truly work off of 'Want Lists' at the expense of listing the coin(s) publicly?

RegistryCoin

Some collectors work hard to "work their way up" want lists. If the dealers get a premium from a sale without public advertisement, it is easier, and cheaper, I would think.

wondercoin

"Are coins added to holdings and confidences kept?"

Pat: No question. And, of course, many serious collectors prefer to do business this way. For example, if I got lucky and graded a pop 1 or 2 early Lincoln cent this week, the couple of serious Lincoln cent collectors I deal with might even be a bit offended if I decided to post the coin on ebay in hopes of a bidding war between them. As the seller, I might actually even get more money for the coin in a "bidding war", but I might "win the battle, but lose the war" in the long run imho. Wondercoin.

Bcsican

Hi guys,
I think Registry coin is correct not only do you have to "work up the want list', you need some clout to show your a player for the good stuff when a dealer has the coin. I know for a fact dealers do play favorites for the customer that has the cash and is willing to spend it.

Finding those coins also helps to be in the right place at the right time and to have some extra cash, as those coins are also the expensive ones.

But another thing that is interesting these coins turn over more that one might expect. Selling a set on upgrading a coin.

RegistryCoin

It may be true that "these" coins change hands more often than the average. It is therefore, more important to heed bcsican's "right place, right time" strategy.
Here is a terrific example, not of changing hands, but of timing. A '52d W-C, pcgs ms66, pop2, came up on the Heritage site many weeks ago. Within a half an hour, or so, I had asked to see the coin. It went on their site, then out so fast, that they didn't even have the time to put up a scan.
This story could go on and on, but the rest of the story, I'll reserve for the appropriate discussioin...

merz2

braddick
I hate to agree with wondercoin,but he is right.Dealers could lose customers by putting a coin up for piblic auction.There are some collectors that would buy the coins of course,but they might be reluctent to deal with in the future.

boiler78

Mitch
How do you decide which "serious" lincoln collector to offer the hypothetical coin to? If you offer it to one and not the other won't the loser be offended?

keets

with top grade and so it goes top $$$$$ coins, it seems it's in the buyer and seller's interest's to be rather secretive about a sale. if i knew what a coin was sold for, when it was offered again i'd have an idea of value. if the sale is private, then the resale would net a greater profit.

the notion of working my way up a dealers list seems a logical one. they should take care of their best customers first, i don't object to that. i wonder, though, if the dealers realize i use kind of the same strategy. i don't just jump in with anyone without letting him 'work' for me at first. if the guy seems sincere and i get results i'll lay down my money.