If we are linking overpriced coins, we need a few years and zigabyts of bandwidth to document it all. An easier thread would be to show a coin for sale that is not overpriced. The whole thread could be completed with every known example linked with three or four posters.
Definitely overpriced, but NO WAY is wholesale less than $50. The Bust and seated alone are $50. Then you've got $2 worth of 90% (if you want to ignore condition) which is another $20 and then maybe $2.50 for the 40% Kennedy for a minimum "wholesale" of $75.
I'd also point out that those damn Capitol holders are expensive, that one's probably $30. We're still $750 overpriced, but let's not exaggerate in the other direction.
All comments reflect the opinion of the author, even when irrefutably accurate.
Wow... that cent collection is way overpriced.... unless there are a few of the key DDO's included Yeah, right.... and a bridge in Brooklyn... Cheers, RickO
Definitely overpriced, but NO WAY is wholesale less than $50. The Bust and seated alone are $50. Then you've got $2 worth of 90% (if you want to ignore condition) which is another $20 and then maybe $2.50 for the 40% Kennedy for a minimum "wholesale" of $75.
I'd also point out that those damn Capitol holders are expensive, that one's probably $30. We're still $750 overpriced, but let's not exaggerate in the other direction.
Well, whatever the worth, take those coins to your local coin dealer and tell me what they offer. Maybe I was off $20-30 dollars. The bust half may be worth a bit, but the seated and barber no, and the rest are silver value. Lets compromise at $75.00 then. That is a ten times markup. I think that qualifies as overpriced.
Comments
Well maybe not if that Lincoln bust is made of solid silver.
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This one gives me a chuckle - Half dollar type set with junk half dollars, wholesaling at less than $50. https://www.bonanza.com/listings/U-S-Type-Half-Dollar-Set-Bust-Seated-Barber-Walking-Franklin-Kennedy-1964-76/483359453?goog_pla=1&gpid=173784728461&keyword=&goog_pla=1&pos=1o1&ad_type=pla&gclid=EAIaIQobChMInfKZybTl2QIVQm5-Ch36cAqdEAQYASABEgL9WPD_BwE
If we are linking overpriced coins, we need a few years and zigabyts of bandwidth to document it all. An easier thread would be to show a coin for sale that is not overpriced. The whole thread could be completed with every known example linked with three or four posters.
Certainly that Abe statue is worth $990, right?
bob
You could damn near put all of eBay on this thread!
The hobby loses potential long term collectors when the buyer realizes they got "stung" by these type of "deals".
Definitely overpriced, but NO WAY is wholesale less than $50. The Bust and seated alone are $50. Then you've got $2 worth of 90% (if you want to ignore condition) which is another $20 and then maybe $2.50 for the 40% Kennedy for a minimum "wholesale" of $75.
I'd also point out that those damn Capitol holders are expensive, that one's probably $30. We're still $750 overpriced, but let's not exaggerate in the other direction.
All comments reflect the opinion of the author, even when irrefutably accurate.
The best part:
You don't have to bother with those pesky mint marks.
BHNC #203
5c more would make it a ......grand...collection.
Wow... that cent collection is way overpriced.... unless there are a few of the key DDO's included
Yeah, right.... and a bridge in Brooklyn... Cheers, RickO
here is a laugh, the set is worth 100 dollars
https://www.ebay.com/itm/2007-MS64-PCGS-GEORGE-WASHINGTON-MINT-ERROR-WEAK-EDGE-LETTERING-A-B-POP-1/282613579624?hash=item41cd14ff68:g:G-MAAOSwhQhYxCRC
I messaged him that Abe was worth $990 and the cents under $10. Got a nice "thank you" response.
bob
That's nicer than I would have been. I'd have told you to go eff yourself with an electric sander.
All comments reflect the opinion of the author, even when irrefutably accurate.
Well, whatever the worth, take those coins to your local coin dealer and tell me what they offer. Maybe I was off $20-30 dollars. The bust half may be worth a bit, but the seated and barber no, and the rest are silver value. Lets compromise at $75.00 then. That is a ten times markup. I think that qualifies as overpriced.