Home U.S. Coin Forum

When your nuclear bid doesn’t win?

2»

Comments

  • leothelyonleothelyon Posts: 8,490 ✭✭✭✭✭

    When your nuclear bid doesn’t win?<

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • Davidk7Davidk7 Posts: 537 ✭✭✭✭

    I've had that happen to me as well. A strong bid being countered by a nuclear bid usually makes one disappointed at first, but then you realize that with their overpayment is not worth complaining over. A part of the coin game is finding underrated/undervalued coins at opportune times B)

    Collector of Capped Bust Halves, SLQ's, Commems, and random cool stuff! @davidv_numismatics on Instagram

  • retirednowretirednow Posts: 609 ✭✭✭✭✭

    On the other hand the probable consignee did well ...that piece sold in Aug 2021 at Stacks for 875$. When I think through pricing ...I have to ask my self - would I have paid more? Would you have wanted that piece for at least 1 increment higher (~1600 or $1700) (as that piece sold $1375 and with GC fee's $1546)

    There were some 50 pieces in the XF - AU range auctioned since Aug 2016 (that piece appears to be the the 1 CAC sticker piece - if the PCGS auction archives filter correctly ... so keep an eye out.

    OMG ... My Mother was Right about Everything!
    I wake up with a Good Attitude Every Day. Then … Idiots Happen!

  • alaura22alaura22 Posts: 3,579 ✭✭✭✭✭

    This is, also, the reason that I feel that PICTURES are such an important element to a Registry set. I am often amazed by how many of the top sets don't even have them.

    Mind sharing a link to your set?
    Thanks, I'd love to look at it

  • WalkerfanWalkerfan Posts: 9,748 ✭✭✭✭✭
    edited May 15, 2023 5:40PM

    @alaura22 said:

    This is, also, the reason that I feel that PICTURES are such an important element to a Registry set. I am often amazed by how many of the top sets don't even have them.

    Mind sharing a link to your set?
    Thanks, I'd love to look at it

    If you go ATS (NGC), I am #7 in the WLH Full Set Category.

    I am impossible to miss.

    Thanks, for your interest.

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • alaura22alaura22 Posts: 3,579 ✭✭✭✭✭
    edited May 15, 2023 5:51PM

    @Walkerfan said:

    @alaura22 said:

    This is, also, the reason that I feel that PICTURES are such an important element to a Registry set. I am often amazed by how many of the top sets don't even have them.

    Mind sharing a link to your set?
    Thanks, I'd love to look at it

    If you go ATS (NGC), I am #7 in the WLH Full Set Category.

    I am impossible to miss.

    Thanks, for your interest.

    Stunning...............
    I wonder if we ever crossed paths back in the 2000s when I was doing my set
    Thanks for sharing!

  • goldengolden Posts: 9,996 ✭✭✭✭✭

    Decades ago, I bid on a unique National Bank note from my home state. I thought I had put in a nuclear bid. I was only the fourth highest bidder. I was very, very disappointed!

  • WalkerfanWalkerfan Posts: 9,748 ✭✭✭✭✭

    @alaura22 said:

    @Walkerfan said:

    @alaura22 said:

    This is, also, the reason that I feel that PICTURES are such an important element to a Registry set. I am often amazed by how many of the top sets don't even have them.

    Mind sharing a link to your set?
    Thanks, I'd love to look at it

    If you go ATS (NGC), I am #7 in the WLH Full Set Category.

    I am impossible to miss.

    Thanks, for your interest.

    Stunning...............
    I wonder if we ever crossed paths back in the 2000s when I was doing my set
    Thanks for sharing!

    Thank You

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • jmlanzafjmlanzaf Posts: 36,665 ✭✭✭✭✭

    @telephoto1 said:

    @2dueces said:

    @PerryHall said:
    How often does a nuclear bid result in someone getting buried in a coin?

    Good point. I’d imagine buyer’s remorse sets in soon after.

    On eBay, it often sets in before they pay, so they come up with the "I entered the wrong bid by mistake" thing to try to skate out of it.

    Sometimes they just tell me they found it cheaper. Lol. I appreciate the honesty

  • Thank you everyone for such great comments, thoughts, and feedback. I just need to remember that (especially with a Type set) I should expect to see many SLD examples o that are both stunning and within my price range.

    I’ll be sure to post my first SLD on here when I’m able to add the first of the two needed for my Type Set.

  • 1madman1madman Posts: 1,621 ✭✭✭✭✭

    @golden said:
    Decades ago, I bid on a unique National Bank note from my home state. I thought I had put in a nuclear bid. I was only the fourth highest bidder. I was very, very disappointed!

    If the item is unique, is there such a thing as a nuclear bid? Seems like sky’s the limit approach could be used

  • GoldminersGoldminers Posts: 4,342 ✭✭✭✭✭

    There really are no winners in a nuclear war.

  • skier07skier07 Posts: 4,380 ✭✭✭✭✭

    @TheCuyunaCollection said:
    Thank you everyone for such great comments, thoughts, and feedback. I just need to remember that (especially with a Type set) I should expect to see many SLD examples o that are both stunning and within my price range.

    I’ll be sure to post my first SLD on here when I’m able to add the first of the two needed for my Type Set.

    PATIENCE, PATIENCE, PATIENCE

    Whether you find one tomorrow or a year from now buy one that you really like and don’t compromise.

  • planetsteveplanetsteve Posts: 1,425 ✭✭✭✭

    @skier07 said:
    Hammer price was $1375. Regardless of the definition of a nuclear bid the OP’s final bid was not nuclear. 1847 is a relatively “common” date for SLD’s and the GC coin had funky obverse toning. With patience you should be able to find a nice one.

    I was interested in this coin too and it would have been my first SLD purchase. The sticker boosted my confidence, and I liked the overall look, but I didn't understand the two brighter areas on the right of Liberty. I figured they would only bother me so I didn't bid. Any ideas what's going on there?

  • PeakRaritiesPeakRarities Posts: 4,564 ✭✭✭✭✭

    @planetsteve said:
    I was interested in this coin too and it would have been my first SLD purchase. The sticker boosted my confidence, and I liked the overall look, but I didn't understand the two brighter areas on the right of Liberty. I figured they would only bother me so I didn't bid. Any ideas what's going on there?

    I have no where near the level of experience that some other members have, so feel free if anyone wants to correct my opinion, but I would say pvc contamination.

    Founder- Peak Rarities
    Website
    Instagram
    Facebook

  • scubafuelscubafuel Posts: 1,941 ✭✭✭✭✭

    I was going to say the same. The spot after the "7" in the date and around Liberty's foot looks like PVC remnants after it has sat for too long before removal.

  • coinkatcoinkat Posts: 23,848 ✭✭✭✭✭

    Original and attractive Seated Dollars get noticed-

    Experience the World through Numismatics...it's more than you can imagine.

  • Project NumismaticsProject Numismatics Posts: 1,700 ✭✭✭✭✭
    edited May 16, 2023 2:36PM

    @DeplorableDan said:

    @planetsteve said:
    I was interested in this coin too and it would have been my first SLD purchase. The sticker boosted my confidence, and I liked the overall look, but I didn't understand the two brighter areas on the right of Liberty. I figured they would only bother me so I didn't bid. Any ideas what's going on there?

    I have no where near the level of experience that some other members have, so feel free if anyone wants to correct my opinion, but I would say pvc contamination.

    CAC generally excels at spotting PVC.

  • skier07skier07 Posts: 4,380 ✭✭✭✭✭

    Something is going on where the “spots” are and also perhaps to the left of Ms. Liberty. I don’t know what caused them but they’re not helping the appearance of the coin. A sticker is no guarantee that a coin has all the bells and whistles.

  • daltexdaltex Posts: 3,486 ✭✭✭✭✭

    I vastly prefer the Legend/Heritage/others model where everyone always has a chance to respond to any bid, no matter how nuclear. I think it's best for consigners and best for those who really want a coin, not so good for bargain hunters.

  • hfjacintohfjacinto Posts: 892 ✭✭✭✭✭

    I once made 3 nuclear bids which to me where 25-50% under the price guide won each one. I won’t ever go over what I feel is a fair price so if I lose I don’t really lose. I’m fine letting something go if it’s more than what I want to pay.

  • jmlanzafjmlanzaf Posts: 36,665 ✭✭✭✭✭

    @hfjacinto said:
    I once made 3 nuclear bids which to me where 25-50% under the price guide won each one. I won’t ever go over what I feel is a fair price so if I lose I don’t really lose. I’m fine letting something go if it’s more than what I want to pay.

    How is that "nuclear "?

  • CatbertCatbert Posts: 7,616 ✭✭✭✭✭

    @jmlanzaf said:

    @hfjacinto said:
    I once made 3 nuclear bids which to me where 25-50% under the price guide won each one. I won’t ever go over what I feel is a fair price so if I lose I don’t really lose. I’m fine letting something go if it’s more than what I want to pay.

    How is that "nuclear "?

    Maybe it's a Chernobyl kind of thing.

    Seated Half Society member #38
    "Got a flaming heart, can't get my fill"
  • hfjacintohfjacinto Posts: 892 ✭✭✭✭✭

    @jmlanzaf said:

    @hfjacinto said:
    I once made 3 nuclear bids which to me where 25-50% under the price guide won each one. I won’t ever go over what I feel is a fair price so if I lose I don’t really lose. I’m fine letting something go if it’s more than what I want to pay.

    How is that "nuclear "?

    My version of nuclear is not the same as yours.

  • telephoto1telephoto1 Posts: 4,962 ✭✭✭✭✭

    @skier07 said:
    Something is going on where the “spots” are and also perhaps to the left of Ms. Liberty. I don’t know what caused them but they’re not helping the appearance of the coin. A sticker is no guarantee that a coin has all the bells and whistles.

    Looks like attempts at removal of something imo, leaving a clean spot behind


    RIP Mom- 1932-2012
  • lkeneficlkenefic Posts: 8,573 ✭✭✭✭✭

    @hfjacinto said:
    I once made 3 nuclear bids which to me where 25-50% under the price guide won each one. I won’t ever go over what I feel is a fair price so if I lose I don’t really lose. I’m fine letting something go if it’s more than what I want to pay.

    Wow! That's sort of the opposite of my experience with the Middle Date LCs I was bidding on last summer. I was bidding on raw coins from a higher end set and they were bringing as much as 50% or more over price guide at the time. I was the 3rd or 4th highest bidder for a few coins... flashforward a year and a lot of the price guides are now higher reflecting an upturn in that market. The two pieces that I actually won will likely get sent to our hosts at some point...

    Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;

    Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
  • Cougar1978Cougar1978 Posts: 8,783 ✭✭✭✭✭
    edited May 18, 2023 10:51AM

    I simply go sideways and bid / offer on something else can get at my price / budget.

    Investor
  • RLSnapperRLSnapper Posts: 582 ✭✭✭✭✭

    @lkenefic I have paid well over price guide for my Middle Dates PCGS G06 set. An 1848 n-27 LC in PCGS MS62 just had a price guide price bump...funny thing was it was because of my winning "nuclear" bid at DLRC which the price guide approved of. Made me feel good!

  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭

    @TheCuyunaCollection said:
    When your nuclear bid doesn’t win?

    If your bid is really nuclear (self-destructive) and you didn’t win, you won.

  • WCCWCC Posts: 2,883 ✭✭✭✭✭

    Since most of the coins I buy (none US) haven't sold before or recently whether in comparable quality or otherwise, I don't know what qualifies as "nuclear" other than a price I'd never pay.

    I don't think there is a single coin I'd go "nuclear" to buy, but certainly not one I consider to be of "material" value. It's not that important to me. Most I have ever paid is about $3000 and I do buy more $1000+ coins now but wouldn't go "nuclear" above this price level. Big difference doing this chasing a $100 coin versus one worth multiple thousands, or more.

    I'd also never do it with any coin where a roughly comparable example is available. I recently bought a PCGS VF-30 in my series for $1000. Concurrently, a multi-coin lot had the same one but not as nice which ended up selling for about $500. This is very unusual though, as these happened to be the two nicest (of the very few) I have ever seen. I went ahead and bought the TPG coin but only because the seller cut their asking price noticeably.

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file