ANA Show Label NGC 70s sell under $3,000 on ebay
bestday
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looks like prices are dropping for the NGC ANA Show label 70s .. couple coins on Sunday sold under $3,000 .....PCGS BINS selling under $3,000
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<< <i>looks like prices are dropping for the NGC ANA Show label 70s .. couple coins on Sunday sold under $3,000 .....PCGS BINS selling under $3,000 >>
Was watching a 2014-W Gold Kennedy w/ the ANA Inaugural Release label graded NGC PF69UC last night and after 71 bids it closed at $1350! After the $1240 issue price and $100 NGC grading that's close to break even... but when you factor in the eBay/PayPal/shipping fees, that seller lost money! And that's assuming they waited in line 10+ hours to get the coin at Mint issue price and didn't buy it in the aftermarket.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
To each their own, and I am not putting down those that want them in that plastic (moderns), but it isn't for me as they generally don't have the same price power as the PCGS in same grade.
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
<< <i>Just another reason I wouldn't, and don't, deal with NGC coins when it comes to moderns (a good classic coin in NGC is ok to me, but not a modern).
To each their own, and I am not putting down those that want them in that plastic (moderns), but it isn't for me as they generally don't have the same price power as the PCGS in same grade. >>
The difference in the ANA Show labels between NGC and PCGS ...was that NGC required the coin be bought at the ANA Chicago Show w/receipt ..PCGS did not.....looks like NGCS 70 were selling above PCGS for that reason
<< <i>
<< <i>looks like prices are dropping for the NGC ANA Show label 70s .. couple coins on Sunday sold under $3,000 .....PCGS BINS selling under $3,000 >>
Was watching a 2014-W Gold Kennedy w/ the ANA Inaugural Release label graded NGC PF69UC last night and after 71 bids it closed at $1350! After the $1240 issue price and $100 NGC grading that's close to break even... but when you factor in the eBay/PayPal/shipping fees, that seller lost money! And that's assuming they waited in line 10+ hours to get the coin at Mint issue price and didn't buy it in the aftermarket. >>
Is it surprising to break even or nearly so on modern 69s?
<< <i>looks like prices are dropping for the NGC ANA Show label 70s .. couple coins on Sunday sold under $3,000 .....PCGS BINS selling under $3,000 >>
Awwwwwww..........
The name is LEE!
plastic is beyond my level.
The only thing I can see is hype and promotion.
The classic Judas Goat set up.
One seller with a feedback of 30 on Ebay ...has over 20 PCGS Chicago ANA label 70s listed for sale
<< <i>Are the big dealer buyers of the ANA Show gold kennedys using employee accounts to sell on Ebay ?
One seller with a feedback of 30 on Ebay ...has over 20 PCGS Chicago ANA label 70s listed for sale >>
Me thinks the ANA show labels have run their course. These labeled coins only continue to drop from here.
Next up, Ladies and Gentlemen, I give you the flood of raw coins and First Strike labels! The only chance at a decent profit here is a First Strike PR70 PCGS early in the game. PCGS has an earlier cutoff for First Strike than ATS, yet a lot of coins can still be shipped in the next two weeks. Further, since the Mint adjusted the price of these coins higher last week, I think it is safe to assume they didn't sell many during this timeframe.
Coins from ATS do not seem to sell near as high as our host coins do in Modern issues-traditionally. I especially don't see how they can, in this case, since "their" cutoff is several days after our host's cutoff date for First Strike.
I just don't see how these coins have the staying power as that of the UHR.
Disclaimer: I sold 4 and sent one to our host.
Crickets
I admittedly don't have a firm understanding of the modern coin market, but I really couldn't wrap my mind around the economic soundness of this business model. I kept thinking that surely he'll lose money on every one of those that don't grade 70? And if a high enough percentage grade 70 to make it feasible to stick $300 per coin over issue price into bulk coins - then how is the 70 coin scarce enough to continue warranting huge premiums?
I don't see how they can go anywhere but down in the short term...
Successful Transaction & Recommend: coin22lover, EagleGuy, gsa1fan, Gerard, blu62vette, mbogoman, coindudeonebay,
<< <i>I watched a dealer at ANA pay over 50 people $200 cash each for standing in line and buying these coins. Most of the people looked unemployed and some might have been homeless. I was sitting in the snack area when the dealer came in with the group. He'd bought them all Pizza and then handed each $200 cash and told them "Ill see you tomorrow". I held tight to my briefcase of cash and coins as they filed past high fiveing each other and talking about all the "crazy old geezers buying coins...". I was disappointed that ANA allowed this to go on. >>
It is disappointing. That's really lowbrow. I hope the ANA learned from this.
Great transactions with oih82w8, JasonGaming, Moose1913.
<< <i>Just refused to accept 2 from UPS as per mint customer service since they would not cancel even though it was 2 days after issue release. Saves me return postage to. Headed back to mint... they can keep the junk >>
Doesn't make sense to refuse delivery when there are dealers right now paying $50-$125+ over the Mint price for coins in hand. Some even pay shipping costs. Unless you don't mind throwing away around $200 (plus the credit card points/miles) for minimal effort.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
Must See- I promise this is NOT me!
<< <i>Surely you can't be serious?!
Must See- I promise this is NOT me!
PCGS will now enter the pen grading market with this one having the first ever "First Ink" designation
<< <i>Surely you can't be serious?!
Must See- I promise this is NOT me!
Now that is funny. This should have as much real value as the label included with the "1st coin sold".
<< <i>Surely you can't be serious?!
Must See- I promise this is NOT me!
If that was a kubaton pen it could be sold as First Struck!
Wow, imagine the actual submitters copy of the submission form - mid 5 figures at least!!!!
I love how Dimeman just sits there with a big grin on his face.
I can't blame him either ... Why anyone in their right mind would
pay over issue price ($1240) for this 50th Anniversary Coin, is
beyond me. I don't care what gimmicky label the TPG's used for
the coin show. Especially since PCGS did not require documentation
that the Gold Kennedys were purchased at the show.
I hope that the ANA and the US Mint have come to the realization
that no new coins should be marketed at a coin show. Only coins
that have been previously sold at the Mint's locations or web site.
From what I heard from numerous friends, the US Mint ruined the
Summer ANA for the vast majority of the attendees - dealers and
collectors alike. The consensus of opinion is that dealers are down
(On average) 70% from last years ANA Summer Convention.
~~~~~~~~~~~~
Coin collecting is not a hobby, it's an obsession !
New Barber Purchases
<< <i>I once refused a Mint shipment to avoid paying for a return. Two weeks later, they sent it right back to me.
dont ya hate when that happens
<< <i>The consensus of opinion is that dealers are down
(On average) 70% from last years ANA Summer Convention. >>
You mean -
70% down in total sales?
Those who didn't rip some gold kennedy sales?
I haven't seen the complaints on the forum about 70% lower sales this year.
<< <i>I watched a dealer at ANA pay over 50 people $200 cash each for standing in line and buying these coins. Most of the people looked unemployed and some might have been homeless. I was sitting in the snack area when the dealer came in with the group. He'd bought them all Pizza and then handed each $200 cash and told them "Ill see you tomorrow". I held tight to my briefcase of cash and coins as they filed past high fiveing each other and talking about all the "crazy old geezers buying coins...". I was disappointed that ANA allowed this to go on.
I admittedly don't have a firm understanding of the modern coin market, but I really couldn't wrap my mind around the economic soundness of this business model. I kept thinking that surely he'll lose money on every one of those that don't grade 70? And if a high enough percentage grade 70 to make it feasible to stick $300 per coin over issue price into bulk coins - then how is the 70 coin scarce enough to continue warranting huge premiums?
I don't see how they can go anywhere but down in the short term... >>
Were you truly concerned about your safety at the snack bar, thinking any second these "homeless" people were about to roll you? Or just did not approve of them being let into the ANA show?
I go to the big coin show in Houston most years and the parking lot area around the convention center leaves a lot to be desired. So I generally have everything set to go before I park. I scan the area before I pull in and decide if I like the spot that I find. I park, lock and go. If I do not like the area I am in I go to another. I can go into more detail of what I do but the jest is to deal with the hand dealt to you in the most responsible manner. I am not really afraid of being robbed but I do not flash a wad of 10k cash for all to see and load my briefcase on the hood one coin at a time in full view.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
<< <i>Surely you can't be serious?!
Must See- I promise this is NOT me!
"Chance to own a PCGS pen that may have been used to fill out the submission form for the first 2014 Gold Kennedy ANA sold. I took this pen home from the ANA on Friday, so there is a good chance many gold Kennedy's were submitted using the ink out of this pen. Thanks for looking"
Too good
<< <i>
<< <i>Are the big dealer buyers of the ANA Show gold kennedys using employee accounts to sell on Ebay ?
One seller with a feedback of 30 on Ebay ...has over 20 PCGS Chicago ANA label 70s listed for sale >>
Me thinks the ANA show labels have run their course. These labeled coins only continue to drop from here.
Next up, Ladies and Gentlemen, I give you the flood of raw coins and First Strike labels! The only chance at a decent profit here is a First Strike PR70 PCGS early in the game. PCGS has an earlier cutoff for First Strike than ATS, yet a lot of coins can still be shipped in the next two weeks. Further, since the Mint adjusted the price of these coins higher last week, I think it is safe to assume they didn't sell many during this timeframe.
Coins from ATS do not seem to sell near as high as our host coins do in Modern issues-traditionally. I especially don't see how they can, in this case, since "their" cutoff is several days after our host's cutoff date for First Strike.
I just don't see how these coins have the staying power as that of the UHR.
Disclaimer: I sold 4 and sent one to our host. >>
The dealers that invested so heavily are not selling them on feepay.
Feepay is a market. It is not thee market.
<< <i> Were you truly concerned about your safety at the snack bar, thinking any second these "homeless" people were about to roll you? Or just did not approve of them being let into the ANA show? >>
I'm guessing that you either were not there OR you were one of the dealers involved in this craziness?
I absolutely did not say I was fearful for my life. But, since I had a enough cash and coins with me to buy a nice home, I was definitely uncomfortable. It was ridiculous for hundreds of non collectors to be allowed INSIDE a coin show. Period.
If I was one of the hand full of "dealers" involved, I'd be ashamed. It felt like I was witnessing first hand the dark side of "coin collecting". It was simply a greed driven frenzy. If all coin shows were like that, I'd never go to another one and if those dealers represented the average dealer, I'd discontinue collecting. AND, that matters, because I'm a collector that spends $$$.
Successful Transaction & Recommend: coin22lover, EagleGuy, gsa1fan, Gerard, blu62vette, mbogoman, coindudeonebay,
<< <i>
<< <i> Were you truly concerned about your safety at the snack bar, thinking any second these "homeless" people were about to roll you? Or just did not approve of them being let into the ANA show? >>
I'm guessing that you either were not there OR you were one of the dealers involved in this craziness?
I absolutely did not say I was fearful for my life. But, since I had a enough cash and coins with me to buy a nice home, I was definitely uncomfortable. It was ridiculous for hundreds of non collectors to be allowed INSIDE a coin show. Period.
If I was one of the hand full of "dealers" involved, I'd be ashamed. It felt like I was witnessing first hand the dark side of "coin collecting". It was simply a greed driven frenzy. If all coin shows were like that, I'd never go to another one and if those dealers represented the average dealer, I'd discontinue collecting. AND, that matters, because I'm a collector that spends $$$. >>
Uh-oh. Sums it up. Well said.
<< <i>
<< <i>Just refused to accept 2 from UPS as per mint customer service since they would not cancel even though it was 2 days after issue release. Saves me return postage to. Headed back to mint... they can keep the junk >>
Doesn't make sense to refuse delivery when there are dealers right now paying $50-$125+ over the Mint price for coins in hand. Some even pay shipping costs. Unless you don't mind throwing away around $200 (plus the credit card points/miles) for minimal effort. >>
Nose - Spite - Face
The name is LEE!
<< <i>the PCGS and NGC ANA Chicago Show label 70s..... drop to $ 2,500 on Ebay .. ouch
Shocking!
<< <i>
<< <i>Just refused to accept 2 from UPS as per mint customer service since they would not cancel even though it was 2 days after issue release. Saves me return postage to. Headed back to mint... they can keep the junk >>
Doesn't make sense to refuse delivery when there are dealers right now paying $50-$125+ over the Mint price for coins in hand. Some even pay shipping costs. Unless you don't mind throwing away around $200 (plus the credit card points/miles) for minimal effort. >>
Who? Iam said he bought enough and I spoke with MCM. NOT worth the headache! ! Let the mint keep the garbage!
So when returning one of these to the Mint, do you send it insured or registered mail?
<< <i>Both of my orders of 1 came today. Coin number one is flawed, so it is going back to the Mint. Coin number two is very nice, a 70, but why grade it? Dealers will first offer the graded coins on their websites for a nice profit, then they will flood ebay with the rest of them for whatever they can get and bring the rest of the market down (oh, right, already doing that).
So when returning one of these to the Mint, do you send it insured or registered mail? >>
Maybe a homeless unemployed person would return it by bus for a few bucks.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
<< <i>They better blow them out while they can. $3000 is a lot to pay for a .7500 AGW modern coin and this with MS65 Saints bidding around $2000. I will buy a MS65 Saint and then a nice $10 Indian with that. >>
<< <i>Both of my orders of 1 came today. Coin number one is flawed, so it is going back to the Mint. Coin number two is very nice, a 70, but why grade it? Dealers will first offer the graded coins on their websites for a nice profit, then they will flood ebay with the rest of them for whatever they can get and bring the rest of the market down (oh, right, already doing that).
So when returning one of these to the Mint, do you send it insured or registered mail? >>
Once you send it back, you are on the hook so decide for yourself how willing you are to eat $1240. IIRC they will reimburse you for return shipping but you may have to beg.
<< <i>
<< <i>Surely you can't be serious?!
Must See- I promise this is NOT me!
"Chance to own a PCGS pen that may have been used to fill out the submission form for the first 2014 Gold Kennedy ANA sold. I took this pen home from the ANA on Friday, so there is a good chance many gold Kennedy's were submitted using the ink out of this pen. Thanks for looking"
Too good >>
And the store is named GoldenShower? I hope that's a city...
<< <i>
<< <i>Both of my orders of 1 came today. Coin number one is flawed, so it is going back to the Mint. Coin number two is very nice, a 70, but why grade it? Dealers will first offer the graded coins on their websites for a nice profit, then they will flood ebay with the rest of them for whatever they can get and bring the rest of the market down (oh, right, already doing that).
So when returning one of these to the Mint, do you send it insured or registered mail? >>
Once you send it back, you are on the hook so decide for yourself how willing you are to eat $1240. IIRC they will reimburse you for return shipping but you may have to beg. >>
Thanks, I ran the numbers insured vs registered for 1240 and registered (insured) was .15 less - so that's it. I marked quality issue on the refund so will send the postage receipt copy after the package arrives. Speaking of packaging, the outer box was crushed and the inner box bent from all the bouncing around with just loose brown paper in the box -
There's nothing more cynical than giving a tour for, perhaps some of the most depraved kind of people on earth as to where all the lute is. "And over here you will find cases and cases full of certified gold!"
Suddenly, a "bullet-proof vest" doesn't sound like too bad of an idea.
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>
<< <i>
<< <i>Surely you can't be serious?!
Must See- I promise this is NOT me!
"Chance to own a PCGS pen that may have been used to fill out the submission form for the first 2014 Gold Kennedy ANA sold. I took this pen home from the ANA on Friday, so there is a good chance many gold Kennedy's were submitted using the ink out of this pen. Thanks for looking"
Too good >>
And the store is named GoldenShower? I hope that's a city...
Yeah, I noticed that too,
dollars more than the non show labels.
Depending on the rate of PR70 being graded, we will soon know if in
FS this is a 1600-1700 coin or a 1900-2000 coin. Non show graded 70 ER
Should be a hundred to one fifty less.
Nothing unexpected. But very similar to early tracking of the UHR, sans the
show labels