Selling Strategy?....End of World War II 75th Anniv. AGE
Mrbarlint
Posts: 37 ✭✭✭
Hello friends,
Ebay currently has 16 active bids at $10,000+ and another 70 listings asking as much as $25k. While these sellers will certainly make a significant profit selling at $10-12K, would it be smarter (though indeed riskier) to wait and see if prices jump "down the road" once they become more scarce ? I would imagine that those who are willing to pay $10k-$12k right now are thinking that the prices will soar in the future. Thoughts?
BTW....No, I was not lucky enough to get the gold. I was though, lucky and happy to have purchased the ASE after a long, hard fought 1.5 hour battle!!!
1
Comments
The highest prices are achieved after the quick sell out. Prices never raise over time, they only drop over time.
Become more scarce?
I see prices a year from now lower.
If the money is important, sell now.
There is no way these are gonna be worth more in a year than right now. I bet 80% of the demand for these currently is flippers with no intent of keeping the coin more than a week. Eventually people are gonna get buried in them.
Successful transactions with: wondercoin, Tetromibi, PerryHall, PlatinumDuck, JohnMaben/Pegasus Coin & Jewelry, CoinFlip, and coinlieutenant.
there's less than 2000 of them - no ones getting buried in them 😂
There's only about 1,300 Barbara Bush Uncs sold at the current price of $1,315 so I'd say that there's less of a chance losing money on buying a Barbara Bush Unc than in buying an End of WW2 gold 75th Anniversary 1 ozer at $10,000. Less of a chance and a lot less further to fall.
I knew it would happen.
I’d be more worried about scams on eBay - empty box claims, wrong item sent. At over $12k I’d be inclined to use airline miles to hand deliver and make the buyer sign a document saying they got what they ordered.
At $7,500-$10,000, I disagree.
Take the money and run. There is a lot of risk in potential price declines. There are only 1945 made sure. Some of the first spouse gold coins have lower mintages and sell for much less. The prices for this one are, IMHO, based largely on speculation. Even if you get more later, inflation will eat into any profit and may result in a true loss.
I do not participate in the coin flipping game....When I buy a coin I keep it. That being said, I obviously have no first hand experience to validate my opinion. So, with a grain of the proverbial salt, I offer my input - Those paying $10K and above, will probably never recoup their investment (other than an immediate resale during flipping fever). Historically, these coins lose value after a few years. Good luck to those involved. I just wanted an ASE for the history (I was there - sure, just a kid, but there.)
Cheers, RickO
Flip quickly and move on.
There have to be more than 2000 collectors. You won't get buried at the issue price. You will get buried (IMHO) at $10k plus.
Look at some of the mintages for proof bullion (platinum, for example). 1945 is not exactly scarce as there are a limited number of AGE date/mm collectors and an even smaller group of Privy mark collectors.
A lot, and I mean A LOT of those Ebay sellers are 0 or low feedback sellers. Many are sellers that haven't sold anything in over a year or more. These are all signs of scams and/or hijacked accounts. I'd be very leery of buying one of these from a seller with less than a stellar and RECENT feedback history...
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
Why did they remove the disagree button... it was meant for comments like this. Anyone who is paying $10k+ for this coin at resale isn't getting it back when they sell it. Therefore they are buried in it.
Successful transactions with: wondercoin, Tetromibi, PerryHall, PlatinumDuck, JohnMaben/Pegasus Coin & Jewelry, CoinFlip, and coinlieutenant.
The disagree button was never so popular when it existed. LOL. You only know what you've lost after it is gone.
I agree with this 100%.
I like the Bush family, great americans, but if I'm buying Barbara Bush Uncs then I am a die hard loyal mint customer. They could sell refurbished bowling shoes and I would buy them.
.
Sell it now and pocket $10k, not to many opportunities to make 10k in a snap of a finger.
The only strategy for someone interested in making money off the coin is to sell.
Will the coin increase over time? Only if it's popularity increases from where it is now (not likely since we are at peak frenzy), or if the collector base expands (also not likely given long-term shifts in attitudes toward collecting things as a hobby).
If I had a gold I'd be trying hard to sell now at anywhere near top dollar and pocket an absurd profit.
My strict rule: NEVER buy from an Ebay seller with 5 or less. Look but don't buy.
Barbara Bush Uncs?
"Wouldn't be prudent at this juncture..."