Bought the holder not the coin.

madax425

Hi all, today at a coin shop in my area I came across a 1958 franklin in 66 in a doily holder and I bought it for $45.00. The coin is brown mint set toned,and not attractive in my opinion. I am wondering, did I waste my money or will it bring more than I paid for it if I put it on e-bay? The holder is in excellent shape, I would put a picture up but I dont have a camera here with me. I have heard of doily's going for crazy money. Is this the case? Thanks

magikbilly

sounds like a cheap keeper if grade is all there.

Eric

coindeuce

Been discussed here before. Usual rule: the cheaper the coin in the holder is, the lesser the premium expected. The whole concept is multi-faceted, but it has its basis in the diminished survival of any of the older generation holders. IOW, if it was a high end coin for the grade, odds are long that it would have been cracked out of the holder a long time ago and retried for an upgrade. Arbitrage is not a new game.

Lakesammman

You did well. Check ebay for recent prices realized.

commoncents05

<< <i>Usual rule: the cheaper the coin in the holder is, the lesser the premium expected. >>



Actually it is exactly the opposite. A $10,000 coin will show nearly no premium if at all for a Doily Holder, but an otherwise $10 coin would bring easily $100-200.

-Paul

blu62vette

I have to agree with Paul on this.

GrumpyEd

Sounds like a good buy just for the doily.

Jcarney

<< <i>Been discussed here before. Usual rule: the cheaper the coin in the holder is, the lesser the premium expected. The whole concept is multi-faceted, but it has its basis in the diminished survival of any of the older generation holders. IOW, if it was a high end coin for the grade, odds are long that it would have been cracked out of the holder a long time ago and retried for an upgrade. Arbitrage is not a new game. >>



Methinks you got that backwards. The cheaper the coin the MORE the doily holder premium. I think any doily holder bought for 45 bucks will make money. And any decent MS66 1958 Franklin is definitely worth more than $45.

madax425

<< <i>Sounds like a good buy just for the doily. Thats what I figured, I even said to Al (the owner) why dont you put this on e-bay you might get a good buck for it, he was not interested. But like I said the coin is not attactive to 99.99 percent of collectors. And I paid $50.00 not $45.00, when I put in $45.00 I just spased. I paid 45 for something else. I would not have paid melt for it if not for the holder.

>>

illini420

assuming the holder is undamaged and the outer ring is intact, you will more than double your money on that one, doesn't even matter what the coin looks like. nice find!

coindeuce

PWNED!

My inept attempt was simply to point out that even if KoolAid drinkers want to pay a premium for Doily holders, the really high end coins don't number very many in Doily holders. Nobody gave a rat's a$$ about Doily holders when the real money was involved in arbitrage. Now there is a trend toward glamorizing the sentimental value of a holder's place in the evolution of the TPG's. Meh.

madax425

<< <i> PWNED!

My inept attempt was simply to point out that even if KoolAid drinkers want to pay a premium for Doily holders, the really high end coins don't number very many in Doily holders. Nobody gave a rat's a$$ about Doily holders when the real money was involved in arbitrage. Now there is a trend toward glamorizing the sentimental value of a holder's place in the evolution of the TPG's. Meh. >>

Why is it drinking kool-aid because certain holders have become a collectable and there is a market for them?

Jcarney

<< <i> PWNED!

My inept attempt was simply to point out that even if KoolAid drinkers want to pay a premium for Doily holders, the really high end coins don't number very many in Doily holders. Nobody gave a rat's a$$ about Doily holders when the real money was involved in arbitrage. Now there is a trend toward glamorizing the sentimental value of a holder's place in the evolution of the TPG's. Meh. >>



Gotcha. And agree 100%.

coindeuce

"Why is it drinking kool-aid because certain holders have become a collectable and there is a market for them?"

If you can provide a solid foundation for what makes "certain holders" more collectable than others beyond an emotional attachment, I'm all for it. Good luck.

Edited to add: In all fairness and to stay on topic, I'll respond to your questions posed in the OP. No, I don't think you overpaid for the coin. No, I don't think you can expect crazy money for the coin on eBay. You have already exclaimed that the coin is unattractive. Will you make that same statement in your eBay description also? I think not.

Jcarney

<< <i>"Why is it drinking kool-aid because certain holders have become a collectable and there is a market for them?"

If you can provide a solid foundation for what makes "certain holders" more collectable than others beyond an emotional attachment, I'm all for it. Good luck. >>



I can think of two holders I actively seek out. The old PCI ten digit serial number holders. Not for the holders themselves (which are pretty crappy IMO) but because the coins were generally very conservatively graded. I've also been looking for an old black NGC holder with a gem brilliant Franklin just because I think it would look cool and I collect Franklins.