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$ 500,000 for a 1914 D Lincoln Cent ?
STEWARTBLAYNUMIS
Posts: 2,697 ✭✭✭✭
Yup ......A totally unscrupulous $cumbag has offered a 1914D Lincoln Cent PCGS ms 66 red to a rich A$$hole
Am I too moralistic ?
Stewart Blay
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<< <i>which one are you in this story? >>
that is what i am trying to figure out
.
<< <i>which one are you in this story? >>
Are you asking if the OP is the totally unscrupulous Scumbag or the rich asshole?
I'd be surprised if you received an answer.
Hoard the keys.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>which one are you in this story? >>
<< <i>I don't understand this thread. >>
. Something about Donald Trump buying a milky way candy bar for $17
<< <i>which one are you in this story? >>
People will do what people will do.
We don't have to agree with it but why lose sleep over it. Collecting
should be fun and what you make of it...not others. JMHO
Again, an owner of a rare, in high demand coin, in a series collected by thousands, has put out
a price that someone might think is unscrupulous. I think it is only a wet dream.
This happened last year for the pop 2 1885 MS 67 Lib nickel, perhaps the better of the 2.
It sold in 2006 for 75K, then resold for @ 90,000, and last for 170,000.
What is the last sale price of the 14-D in 66 red? If it were offered for 250,000, would that be "too much"?
How long ago did the 1919-D walker in 65 become a 100,000 price coin? Today it's 200,000, or more.
9 of the 1909 svdb lincolns in 67 can bring 100,000 today. and more.
The price of tea is going up. And the value of the dollar is....
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If the owner initiated contact with someone he knew wanted one. Clearly he was just rubbing the coin in the guys face.
If the guy looking for the coin initiated contact with the seller. Clearly the buyer isn't interested in selling.
Either way, morals play no role whatsoever.
Edit: typo.
<< <i>Numismedia list a 14D in 66 RD @ $40.9k. Why would someone pay 12x + more? >>
Numismedia is more accurate for NGC-graded copper. Less so for PCGS, and they list a price of $125,000. Still, a 4x mark-up is pretty significant.
Seller is dreaming. Or else he's asking that price just to irritate.
Lance.
Hoard the keys.
Gotcha, thanks Lance.
<< <i>Yup ......A totally unscrupulous $cumbag has offered a 1914D Lincoln Cent PCGS ms 66 red to a rich A$$hole
Am I too moralistic ?
Stewart Blay >>
If you mean an unscrupulous dealer tried to get an unkowing rich person to pay half a million dollars for this coin then I would say yes the dealer is unscrupulous but I also think the rich person needs to educate themselves on purchasing coins at this level. it is terrible to see people get taken advantage of but as I tell my wife, "you can't save them all."
"A dog breaks your heart only one time and that is when they pass on". Unknown
<< <i>Yup ......A totally unscrupulous $cumbag has offered a 1914D Lincoln Cent PCGS ms 66 red to a rich A$$hole
Am I too moralistic ?
Stewart Blay >>
Sounds like you wanted to buy this coin and someone else with more money than you will be getting this coin because he is willing to pay more money than you. There is nothing immoral with someone selling a coin for as much as he can get for it.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Am I too moralistic ?
Stewart Blay >>
Moralistic, if that's even a real word, is not what you are. No, you're something else.
Just say'in.
I disagree. I think it ethical for a dealer to get as much money as possible *if* he is willing to make a market in the coin at that level [ie: sell for $500k, buy for $400k+] but if he isn't then it's just taking a shot and it's unethical and immoral.
I see nothing wrong, however, with the flip side where a coin is in your collection and someone asks what it would take to make you part with it. No need to be willing to make a market in that instance.
<< <i> There is nothing immoral with someone selling a coin for as much as he can get for it.
I disagree. I think it ethical for a dealer to get as much money as possible *if* he is willing to make a market in the coin at that level [ie: sell for $500k, buy for $400k+] but if he isn't then it's just taking a shot and it's unethical and immoral.
I see nothing wrong, however, with the flip side where a coin is in your collection and someone asks what it would take to make you part with it. No need to be willing to make a market in that instance. >>
How about this scenario -- Lets say that I (don't collect Lincolns, there is nothing special about the coin to me) made this coin. I don't want to make a market for it and I really have no sentimental attachment. Would I be out of line to try to sell it for mega bucks to a registry collector for stupid money?
I guess the Set Registry and PCGS is to blame for people paying what seems to most coin collectors as an obscene amount of money. Or is the highest graded 1914 D worth $ 500,000 ?
What do you guys think about a 1909 S VDB in ms 67 red for $ 250,000 ?
TradeDollarNut - how did you feel when an $cum bag took a shot at you with a Trade Dollar for an obscene amount of money?
Coin collecting should be FUN . I guess robbing people without a gun could also be FUN.
Stewart
<< <i>blame for people paying >>
people are to blame for people. the beauty is in the simplicity.
.
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
<< <i>I guess the Set Registry and PCGS is to blame for people paying what seems to most coin collectors as an obscene amount of money. >>
I wouldn't be surprised if registry collectors pay more for coins than they would have otherwise. Their choice, I guess.
<< <i>Or is the highest graded 1914 D worth $ 500,000 ? >>
If somebody pays that, then yes- by definition it's worth that to the buyer.
<< <i>What do you guys think about a 1909 S VDB in ms 67 red for $ 250,000 ? >>
More than I'd pay, but I'd suppose there might be some people who would pay it.
<< <i>Coin collecting should be FUN . >>
Sounds like a good idea to me. I'm having fun- are you?
<< <i>I guess robbing people without a gun could also be FUN. >>
If people are voluntarily buying coins, how are they being robbed?
Coin collecting is indeed fun. The scenario that you describe is peripherally related to coin collecting but far afield of the coin collecting experience for the vast majority of collectors. It sounds more like a pi$$ing contest.
<< <i>Coin collecting is indeed fun. The scenario that you describe is peripherally related to coin collecting but far afield of the coin collecting experience for the vast majority of collectors. It sounds more like a pi$$ing contest. >>
I bet I can guess who's losing.
<< <i>I guess the Set Registry and PCGS is to blame for people paying what seems to most coin collectors as an obscene amount of money. Or is the highest graded 1914 D worth $ 500,000 ?
What do you guys think about a 1909 S VDB in ms 67 red for $ 250,000 ?
TradeDollarNut - how did you feel when an $cum bag took a shot at you with a Trade Dollar for an obscene amount of money?
Coin collecting should be FUN . I guess robbing people without a gun could also be FUN.
Stewart >>
What a riot! Coin collecting is fun, at least for me. Why is coin collecting not fun for you? Is it because it's not fun when somebody is willing to pay more for a coin you want? That's not an issue with coin collecting, that's an issue with the individual.
I will never have a complete set if Overtons ... I may get 445 of the 450, if I am very lucky. I wish I would be able to pick up the final five, but it's likely some Overton collector with a deeper pocket will always be there to outspend me. Good for them, bummer for me. No need to get my panties in a wad over it.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>Stewart's threads never lack cowbell.
MJ >>
If not the bell, certainly something from the cow.
Stewart - I'd say it's time to sell. The market and your sanity are calling you out......
"She comes out of the sun in a silk dress,
running like a water color in the rain...."
Coin Rarities Online
Bottom line, this has run its course so let's move on.
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