lot of 1600+ PCGS 1976-S PR69DCAM Dimes
UtahCoin
Posts: 5,345 ✭✭✭✭✭
What would you pay for them? I'm thinking $1 a slab, or less.....
I used to be somebody, now I'm just a coin collector.
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
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Even at $1/slab, it's going to take at least a decade to get rid of them.
I agree. I wouldn't buy them for $1/slab - That's $1,600 in inventory that will be sitting around for a very long time (They would take up a lot of space as well).
How much could you even sell them for anyway? $2-$3 each? After a while the pool of buyers would shrink drastically, especially knowing how many just got pushed onto the market at once.
K
Why that coin has a population of 6900+ I will never understand. PR70DCAM is only $115. Even at $1/slab, it's going to take at least a decade to get rid of them.
Joseph J. Singleton - First Superintendent of the U.S. Branch Mint in Dahlonega Georgia
Findley Ridge Collection
About Findley Ridge
I would go with the 'or less'. They could be good giveaways at shows for YN's or ??
K
That's what I was thinking. Don't buy them as inventory, but as a deductible advertising expense.
Print up some removable labels that say "Thank You for Visiting Utah Coin"
Wait. . .
Oh.
No... it's not. . .
peacockcoins
I thought they did PM's not this "stuff"
1500x of this.
1800x of that...
crazy.
Bid strong as alot of people are looking to collect.
Tulving sale*
I would go with the 'or less'. They could be good giveaways at shows for YN's or ??
K
That's what I was thinking. Don't buy them as inventory, but as a deductible advertising expense.
Print up some removable labels that say "Thank You for Visiting Utah Coin"
This. Done. Charity/marketing.
President of David Lawrence Rare Coins www.davidlawrence.com
email: [email protected]
2022 ANA Dealer of the Year, Past Chair of NCBA (formerly ICTA), PNG Treasurer, Instructor at Witter Coin University, former Instructor/YN Chaperone ANA Summer Seminar, Coin World Most Influential, Curator of the D.L. Hansen Collection
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I'd take them all, but the problem is the shipping expense! You have to figure that into all of the bids and I don't even know where to start with that...
Yeah, imagine the weight and bulk of 1600 plastic slabs. Thats 80 pcgs blue boxes.
ANA 50 year/Life Member (now "Emeritus")
You'd have to pay me to take 1600 of them off yer hands
Liberty: Parent of Science & Industry
I figure 1600 69s (is what was left when you sent in 2k raw and sold the 70s.
This is exactly what I was thinking
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
Where did you all find this? This is indeed an auction of the coins seized by the Secret Service that belonged to The Tulving Company. Tulving creditors didn't get a chance to see the catalog until this morning.
Yep, Tulving coins.
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
Someone brave should bid on lot 250:
"Lot of assorted bits and pieces.(Total: 33 pieces)"
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Someone brave should bid on lot 250:
"Lot of assorted bits and pieces.(Total: 33 pieces)"
You can get a hint if you go through the Secret Service inventory, and compare it to the auction items. Think of it as a grab bag.
I've also got a spreadsheet showing the face value and spot value for each auction item, to help those who are thinking of bidding.
I'd take them all, but the problem is the shipping expense! You have to figure that into all of the bids and I don't even know where to start with that...
Assuming they are in PCGS boxes:
1,600 coins, 80 PCGS boxes. A typical PCGS holder with a penny/nickel/dime/quarter would weigh about 34-37g. Let's call it 34g for a dime in a PCGS holder. A PCGS box weighs about 300g (10.4oz).
1,600 times 34 is 54,400g for the slabs, and 80 times 300g is 24,000g for the boxes. That's 78,400g for the lot, or 2,765oz, or 173 pounds.
20 PCGS boxes (each 9"x2.75"x3.5") can fit in one cardboard box 14" wide, 15" high and 10" long. That would be 4 cardboard boxes each weighing 43.25lb, rounding up to 44lb accounts for the weight of the cardboard box and packing material.
Shipped via FedEx from Dallas (where the coins are now) to a Boston residential address, no insurance (you pay Heritage .5%) would be $231.60 for 3-day service. That works out to $.145/coin for shipping (if my math is right). It could be more/less depending on how many boxes, size of the boxes (e.g. if oversized), if you used UPS or USPS instead, etc.
lot 45 842 coins
lot 46 795 coins
Didn't check the math, but trust you, and that doesn't sound outrageous amount of money to simply ship them from place to place.
Now, what's it cost in time, space, and energy from your life to store them and then get rid of them again?
Subtract that number, in addition to the cost of the lot and shipping, from what you can reasonably expect to receive for them, to calculate the potential profit.
(make sure you add back to the "profit" column the intangible amount of Fun you'll have doing all this )
Liberty: Parent of Science & Industry
I'm a bit lost here. I got the Tulving reference and did some background reading. What a terrific fella. However I'm not seeing a link where I can view any of this. Can someone help?
http://about.ag/pics/bk/HA_Tulving_Catalog.pdf
He's got tens of thousands of modern coins in slabs.
I might try putting in some bids on his PM's @ ~20% back of spot to cover the BP
Ummm, excuse me, how can you morally, and legally, describe a quantity of something then refuse to honor it saying that it can't be relied upon? Particularly if you are talking about 500+????
Either do your jobs and make it accurate, or don't describe any numbers.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
PCGS must have loved Haines.
He's got tens of thousands of modern coins in slabs.
I might try putting in some bids on his PM's @ ~20% back of spot to cover the BP
PCGS made out on the grading fees Realized Prices anywhere ?
As soon as I find out the prices realized, I'll try to post here.
From what I gather, it sounds like some lots went for around retail prices, while at least many others had realistic prices (obviously a lot of 1,600 1976 proof dimes won't go for retail). From what I hear, the brave soul who bid on the "bits and pieces" lot spent over $20 for it (including fees).
Total Prices Realized was $460,513.06 (including buyer's premium: about $385,300 going to Tulving creditors).
Lots 45+46, the 1,600+ PR69 1976-S dimes, went for $3,146.44 (including the 19.5% buyer's premium). That's $1.92/coin plus shipping, so perhaps about $2.05 each.
Total Prices Realized was $460,513.06 (including buyer's premium: about $385,300 going to Tulving creditors).
Lots 45+46, the 1,600+ PR69 1976-S dimes, went for $3,146.44 (including the 19.5% buyer's premium). That's $1.92/coin plus shipping, so perhaps about $2.05 each.
My guess is $46,513.60. $31,464.40 after b/p for both lots, 45 +46. Best I can do. the
$385,300 going to Tulving creditors is a wild card.
Might make a lot more than $1,650 with that idea. Turn lemons into lemonade.
bob