Inexplicable GC auction result...
Why don't my coins ever sell this way?
All comments reflect the opinion of the author, even when irrefutably accurate.
Comments
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@jmlanzaf said:
Why don't my coins ever sell this way?It isn't even attractive. Good grief.
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P.S. Here is the one that shocked me the most:
https://www.greatcollections.com/Coin/581700/1925-Peace-Silver-Dollar-PCGS-MS-64-TonedThis Peace Dollar looks environmentally damaged and AT to me.
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I kind of like the CT though.
Not as much as the new owner did, but I think it's rather unusual in a cool way.2 -
@cameonut2011 said:
P.S. Here is the one that shocked me the most:
https://www.greatcollections.com/Coin/581700/1925-Peace-Silver-Dollar-PCGS-MS-64-TonedThis Peace Dollar looks environmentally damaged and AT to me.
Geez. I think it might be time to sell my collection.
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Wow, I really don't get those prices.
Donato
Hobbyist & Collector (not an investor).
Donato's Complete US Type Set ---- Donato's Dansco 7070 Modified Type Set ---- Donato's Basic U.S. Coin Design Set
Successful transactions: Shrub68 (Jim), MWallace (Mike)1 -
I kinda like both of them !!!
Timbuk31 -
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Wow.... Those are significant prices....Cheers, RickO
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Simple, one of the crack out guys probably saw it and graded it MS67. They have great imaginations sometimes. Its also a known fact, NGC has been tight lately too.
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Also, Ian has really been getting great coins over the past couple of years, big time buyers and sellers have really taken notice with GC. A majority of there auction prices realized are quite good. Honestly, when the time comes to sell my collection, I am probably going that route. I do pick up a new coin here and there, and sometimes to help offset the cost of a new acquisition, I sell one I can stand to let go. I have a couple of national dealer friends that I Like and sell too. And I am in the business locally, so I don't mind these folks needing to make a profit, that's what there in business for. But there have been several times where I sold a particular piece, then a few month later, my old coin shows up on GC, and kicks butt.
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@jdimmick said:
Also, Ian has really been getting great coins over the past couple of years, big time buyers and sellers have really taken notice with GC. A majority of there auction prices realized are quite good. Honestly, when the time comes to sell my collection, I am probably going that route. I do pick up a new coin here and there, and sometimes to help offset the cost of a new acquisition, I sell one I can stand to let go. I have a couple of national dealer friends that I Like and sell too. And I am in the business locally, so I don't mind these folks needing to make a profit, that's what there in business for. But there have been several times where I sold a particular piece, then a few month later, my old coin shows up on GC, and kicks butt.Mixed bag. I have two dealer friends who got scalped at GC and will not consign to them anymore. I buy coins from GC every week and put them on eBay and get better money for them. Other times...well, see above. I would not fall in love with any particular venue. Some things are better at GC, some things are better on eBay, some things are better at Heritage or Stack's, and some things are better over the counter to a dealer. A $40-$50 Morgan will get you killed at any of the sites listed, you'd be better served over the counter to a dealer in most cases.
All comments reflect the opinion of the author, even when irrefutably accurate.
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If you look at the bidding, the third person was at $255. This looks like a case where two people really liked the coin and went nuclear with their bid, not expecting another person to do the same.
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@U1chicago said:
If you look at the bidding, the third person was at $255. This looks like a case where two people really liked the coin and went nuclear with their bid, not expecting another person to do the same.quite probably, but $500 should have been nuclear enough! LOL.
All comments reflect the opinion of the author, even when irrefutably accurate.
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I bet that the Connecticut looks better in hand and the CAC endorsement plus the older NGC slab helped it along.
The Peace dollar is amazing.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
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@Walkerfan said:
I bet that the Connecticut looks better in hand and the CAC endorsement plus the older NGC slab help it along.The Peace dollar is amazing.
Would anyone have seen it in hand? Does GC do viewings?
It's a 65 CAC with original toning. 5 times greysheet seems excessive. They are almost at 67 CAC money. 66 CAC is only $500. That toning is not uncommon on the Connecticut because of the original holders. Here's a couple 66 CACs for less than half the 65 CAC from yesterday, including one in an old NGC holder.
All comments reflect the opinion of the author, even when irrefutably accurate.
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@jmlanzaf said:
@jdimmick said:
Also, Ian has really been getting great coins over the past couple of years, big time buyers and sellers have really taken notice with GC. A majority of there auction prices realized are quite good. Honestly, when the time comes to sell my collection, I am probably going that route. I do pick up a new coin here and there, and sometimes to help offset the cost of a new acquisition, I sell one I can stand to let go. I have a couple of national dealer friends that I Like and sell too. And I am in the business locally, so I don't mind these folks needing to make a profit, that's what there in business for. But there have been several times where I sold a particular piece, then a few month later, my old coin shows up on GC, and kicks butt.Mixed bag. I have two dealer friends who got scalped at GC and will not consign to them anymore. I buy coins from GC every week and put them on eBay and get better money for them. Other times...well, see above. I would not fall in love with any particular venue. Some things are better at GC, some things are better on eBay, some things are better at Heritage or Stack's, and some things are better over the counter to a dealer. A $40-$50 Morgan will get you killed at any of the sites listed, you'd be better served over the counter to a dealer in most cases.
what did they get scalped on? I would be curious to see. Were they ugly widgets? nice looking coins? could it be that the market from when they purchased the coins happens to be down 20-30% in many categories?
yes- for $40-$50 items I would not choose GC specifically-but on the other hand if you are looking to just move the stuff, a 10% loss or even 20% is only $8-$10 per coin which isnt to bad to deal with than on larger coins
may the fonz be with you...always...1 -
@joebb21 said:
what did they get scalped on? I would be curious to see. Were they ugly widgets? nice looking coins? could it be that the market from when they purchased the coins happens to be down 20-30% in many categories?
yes- for $40-$50 items I would not choose GC specifically-but on the other hand if you are looking to just move the stuff, a 10% loss or even 20% is only $8-$10 per coin which isnt to bad to deal with than on larger coins
They got scalped on nice looking widgets. They ended up netting less than dealer wholesale. Again, I'm not arguing against GC, I'm arguing against GC (or anyone else) as the best place for everything.
On $40 or $50 coins, dealer wholesale is usually only 10-20% back, so you get paid quicker with less risk selling over the counter. IMHO. Of course, you also lose the opportunity for an "inexplicable result".
All comments reflect the opinion of the author, even when irrefutably accurate.
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You can view the coins, also Ian will look at the coin for you and give his honest opinion via phone or email.
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@SoCalBigMark said:
You can view the coins, also Ian will look at the coin for you and give his honest opinion via phone or email.Good to know. Thanks!
All comments reflect the opinion of the author, even when irrefutably accurate.
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@CoinRaritiesOnline said:
Any of you guys see either of them in hand?No, but GC is essentially an internet-only auction, meaning that likely nobody saw them in hand, including those that ran the Peace dollar up to $4300 with the vig. Now, I fully understand that it is possible to view GC coins if they have them at a show as "highlights to come" or if you make an appointment at their office, but while a lot of people here are saying they don't like the toning from the pictures (I am slightly positive on the CT, and generally perplexed on the Peace dollar from the pictures), I don't believe that all 8 bidders that placed $1000+ bids on the Peace dollar saw it in hand, either.
Instead of saying to myself, "Those coins must look a lot better in hand than I think they do," I'm thinking, "Those coins had better look a lot better in hand than I think they do."
John
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution3 -
@mannie gray said:
I kind of like the CT though.
Not as much as the new owner did, but I think it's rather unusual in a cool way.I like the coin also. I bid on it. But there's no way (in my mind) that it is worth $1750!
All comments reflect the opinion of the author, even when irrefutably accurate.
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@jmlanzaf said:
@joebb21 said:
what did they get scalped on? I would be curious to see. Were they ugly widgets? nice looking coins? could it be that the market from when they purchased the coins happens to be down 20-30% in many categories?
yes- for $40-$50 items I would not choose GC specifically-but on the other hand if you are looking to just move the stuff, a 10% loss or even 20% is only $8-$10 per coin which isnt to bad to deal with than on larger coins
They got scalped on nice looking widgets. They ended up netting less than dealer wholesale. Again, I'm not arguing against GC, I'm arguing against GC (or anyone else) as the best place for everything.
On $40 or $50 coins, dealer wholesale is usually only 10-20% back, so you get paid quicker with less risk selling over the counter. IMHO. Of course, you also lose the opportunity for an "inexplicable result".
Any idea what coins they were? maybe even a link?
may the fonz be with you...always...0 -
@messydesk said:
@CoinRaritiesOnline said:
Any of you guys see either of them in hand?No, but GC is essentially an internet-only auction, meaning that likely nobody saw them in hand, including those that ran the Peace dollar up to $4300 with the vig. Now, I fully understand that it is possible to view GC coins if they have them at a show as "highlights to come" or if you make an appointment at their office, but while a lot of people here are saying they don't like the toning from the pictures (I am slightly positive on the CT, and generally perplexed on the Peace dollar from the pictures), I don't believe that all 8 bidders that placed $1000+ bids on the Peace dollar saw it in hand, either.
Instead of saying to myself, "Those coins must look a lot better in hand than I think they do," I'm thinking, "Those coins had better look a lot better in hand than I think they do."
We have viewing four days a week (by appointment) - and apart from local clients, collectors/dealers regularly fly into John Wayne Airport, which is conveniently a few minutes from our office. We also take highlights to major shows.
- Ian
Ian Russell
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values7 -
@joebb21 said:
@jmlanzaf said:
@joebb21 said:
what did they get scalped on? I would be curious to see. Were they ugly widgets? nice looking coins? could it be that the market from when they purchased the coins happens to be down 20-30% in many categories?
yes- for $40-$50 items I would not choose GC specifically-but on the other hand if you are looking to just move the stuff, a 10% loss or even 20% is only $8-$10 per coin which isnt to bad to deal with than on larger coins
They got scalped on nice looking widgets. They ended up netting less than dealer wholesale. Again, I'm not arguing against GC, I'm arguing against GC (or anyone else) as the best place for everything.
On $40 or $50 coins, dealer wholesale is usually only 10-20% back, so you get paid quicker with less risk selling over the counter. IMHO. Of course, you also lose the opportunity for an "inexplicable result".
Any idea what coins they were? maybe even a link?
No. In one case they were common date Morgan $s (64/65) mostly. In the other case, they were mostly 20th century Type (Walkers, SLQs)
All comments reflect the opinion of the author, even when irrefutably accurate.
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@CoinRaritiesOnline said:
Any of you guys see either of them in hand?Are you defending the Peace Dollar as being natural? P.S. There are also True Views for that one that look even more damning.
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i have a ct. commem as well but i would not buy at that price either. jmo and still like the coin
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@ACop said:
@cameonut2011 said:
P.S. Here is the one that shocked me the most:
https://www.greatcollections.com/Coin/581700/1925-Peace-Silver-Dollar-PCGS-MS-64-TonedThis Peace Dollar looks environmentally damaged and AT to me.
Geez. I think it might be time to sell my collection.
You go first. If the coin wasn't an outlier and yours do well, I'll follow your lead.
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@cameonut2011 said:
P.S. Here is the one that shocked me the most:
https://www.greatcollections.com/Coin/581700/1925-Peace-Silver-Dollar-PCGS-MS-64-TonedThis Peace Dollar looks environmentally damaged and AT to me.
Geez. I think it might be time to sell my collection.> @specialist said:
Simple, one of the crack out guys probably saw it and graded it MS67. They have great imaginations sometimes. Its also a known fact, NGC has been tight lately too.
There was a stiff markup on a toned P$ in one f your auctions recently as well. Would be nice if thats where the market is. But I dont think it is.
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both coins look terrible to me, jmho
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@ACop said:
There was a stiff markup on a toned P$ in one f your auctions recently as well. Would be nice if thats where the market is. But I dont think it is.Sadly I agree. We can both dream though.
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Crazy--since objective criteria are almost impossible on these, what is to keep them going closer to GS next time?
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The video of the Peace Dollar was on instagram:
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@U1chicago said:
The video of the Peace Dollar was on instagram:That light show is giving me a headache!
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Earth tones (rust/brown/gold) are colors, but they are not colorful IMO. I'm more likely to understand why someone chased the Peace dollar than I am the Connecticut. The truly colorful classic Commemoratives are usually high grade and extremely expensive.
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@bolivarshagnasty said:
Earth tones (rust/brown/gold) are colors, but they are not colorful IMO. I'm more likely to understand why someone chased the Peace dollar than I am the Connecticut. The truly colorful classic Commemoratives are usually high grade and extremely expensive.I'm going to sound like @specialist for a minute, but at least the Connecticut has a CAC sticker. The Peace Dollar looks blatantly AT to me. If cracked, it would probably take several submissions to get it to straight grade again if it ever would.
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@U1chicago said:
The video of the Peace Dollar was on instagram:Red and purple like that are not natural color progressions IMHO.
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Who needs a TV if you can have a coin like this? Imagine, mom, dad, the kids, the family pets, etc. sitting around gazing at the coins for hours instead of cable tv.
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Unless the photos of the CT are inaccurate or don't tell the tale, I don't get it. I like the obverse, hate the reverse, Would not pay a premium at all, especially considering the commem market.
The $1. This is one coin I would want CAC to consider first.
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@specialist said:
Its also a known fact, NGC has been tight lately too.>
Like saying Titanic has a new set of lifeboats.
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@bolivarshagnasty said:
Earth tones (rust/brown/gold) are colors, but they are not colorful IMO. I'm more likely to understand why someone chased the Peace dollar than I am the Connecticut. The truly colorful classic Commemoratives are usually high grade and extremely expensive.The Connecticut screams unfutzed originality. Each issue has its own "look" and this is it for Connecticut, although from the pictures, it's not a $1700 look to me. The bids show two nuclear bids colliding, with the next highest at under $300.
John
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution1 -
@Coinstartled said:
@specialist said:
Its also a known fact, NGC has been tight lately too.>
Like saying Titanic has a new set of lifeboats.
disagree
All comments reflect the opinion of the author, even when irrefutably accurate.
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@logger7 said:
Who needs a TV if you can have a coin like this? Imagine, mom, dad, the kids, the family pets, etc. sitting around gazing at the coins for hours instead of cable tv....it was Gold Shield...the TV was 5 bucks
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@cameonut2011 said:
@CoinRaritiesOnline said:
Any of you guys see either of them in hand?Are you defending the Peace Dollar as being natural? P.S. There are also True Views for that one that look even more damning.
Not defending anything, simply asking a question.
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@jmlanzaf said:
@Coinstartled said:
@specialist said:
Its also a known fact, NGC has been tight lately too.>
Like saying Titanic has a new set of lifeboats.
disagree
Do they plan on recalling the Stack's 57th street coins for reconsideration?
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@Coinstartled said:
@jmlanzaf said:
Do they plan on recalling the Stack's 57th street coins for reconsideration?
All TPGS are flawed and make mistakes. If they didn't, there wouldn't be a CAC [though I hate to even mention those 3 letters, LOL]
All comments reflect the opinion of the author, even when irrefutably accurate.
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@Coinstartled said:
@jmlanzaf said:
@Coinstartled said:
@specialist said:
Its also a known fact, NGC has been tight lately too.>
Like saying Titanic has a new set of lifeboats.
disagree
Do they plan on recalling the Stack's 57th street coins for reconsideration?
Anyone have an idea on how many pieces were in the Stack's 57th Street collection? 100? 1,000? 5,000?
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@VanHalen said:
@Coinstartled said:
@jmlanzaf said:
@Coinstartled said:
@specialist said:
Its also a known fact, NGC has been tight lately too.>
Like saying Titanic has a new set of lifeboats.
disagree
Do they plan on recalling the Stack's 57th street coins for reconsideration?
Anyone have an idea on how many pieces were in the Stack's 57th Street collection? 100? 1,000? 5,000?
1,000,000 plus.
2
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