I thought that someone jsut had made that the reserve, but the price has actually gone up slightly today, so I would assume that there are bidders on it. If I can get that kind of money for my 65 below, then it's for sale!
Wow that is a very strong price for that coin. Are Pilgrims with color hard to locate??
My daughter was diagnosed with type 1 diabetes at the age of 2 (2003). My son was diagnosed with Type 1 when he was 17 on December 31, 2009. We were stunned that another child of ours had been diagnosed. Please, if you don't have a favorite charity, consider giving to the JDRF (Juvenile Diabetes Research Foundation)
Sold........ for three ($3) - I will PM you shipping instructions - thanks.
Edited to add: I don't understand the Teletrade "bidding" at all. Even if there were a data input error for the reserve and/or one (other) bid, that wouldn't begin to account for the current price level. Nor would the grade or the appearance of the coin itself.
There is no way this coin can be worth $2000. PCGS only says it is worth $155, and we all know how accurate PCGS prices are. This is not some special variety.
My guess is somebody's typing finger went bananas with the reserve. No way two bidders could be soooooo wrong.
I collect Capped Bust series by variety in PCGS AU/MS grades.
My suspicion is the reserve was actually $250 and the teletrade automatic-to-reserve bidding program (if such a thing exists) was doing the increments to an incorrectly entered $2500 reserve....Mike
Collector of Large Cents, US Type, and modern pocket change.
Can someone explain to me what just happened here? When does teletrade show the reserve, or do they? I saw this bid up from $2000 to $2500 which makes no sense whatsoever. Am I to understand that someone listed this $100 coin with a reserve higher than $2500? Is this just the typical teletrash shenangins that I hear about. Please, shed some light here cause I am baffled.
John, I'm baffled too. Even if the reserve was crazy-high, due to a demented consignor, a clerical error or both, there still had to be another bidder involved to drive the price up. It makes no sense to me, whatsoever.
My suspicion is the reserve was actually $250 and the teletrade automatic-to-reserve bidding program (if such a thing exists) was doing the increments to an incorrectly entered $2500 reserve.
That sounds plausible.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<<My suspicion is the reserve was actually $250 and the teletrade automatic-to-reserve bidding program (if such a thing exists) was doing the increments to an incorrectly entered $2500 reserve.>>
That sounds plausible.
Andy, wouldn't that require that one or more bidders be bidding against the reserve to drive it up to that amount?
The pattern that was evident in this auction is very common on Teletrade. I find it likely that Teletrade's system incrementally raises the bid up to the seller's reserve, (max bid), even when there are no real bidders.
"over $2,000 for a MS64 Pilgram??" I'll bet the 1921 Pilgram in plain old MS64 in ANR's Fun sale (lot 1246) brings even MORE than that!!! Any takers?-- (I'm prejudiced as I just can't say no to some toners)---
The coin belongs to me and has been in my hands for 15 years. It is a great coin but not that great. It is a fat fingered $250 on the great scale and when I was typing in the reserves I added a zero. To much eggnog I guess! Alcohol and coins do mix! Forgot to change the reserve when they returned on Tuesday after Christmas. Sorry for all the excitement. If you want to visit the $2,500 MS-64 Pilgrim in person stop by tables 217 and 316.
All American Coin & Jewlery Co. 6024 N. 9th Ave #5 Pensacola, FL 32504 HTTP://WWW.AACoinCo.Com
<< <i>The pattern that was evident in this auction is very common on Teletrade. I find it likely that Teletrade's system incrementally raises the bid up to the seller's reserve, (max bid), even when there are no real bidders. >>
Russ said it well above.
Something "strange" seems to be going on with the bidding and reserves on Teletrade. This coin and auction in question is yet another example of it. Until they are more transparent in their bidding I will continue to believe the way I do -- that Teletrade incrementally increases the bids without any "real" bidders up until the point that the reserve will be met on the next bid.
It would be interesting to write a program that times the increases in bids to see if there's a pattern -- if I only had more time...Mike
Collector of Large Cents, US Type, and modern pocket change.
<< <i>The coin belongs to me and has been in my hands for 15 years. It is a great coin but not that great. It is a fat fingered $250 on the great scale and when I was typing in the reserves I added a zero. To much eggnog I guess! Alcohol and coins do mix! Forgot to change the reserve when they returned on Tuesday after Christmas. Sorry for all the excitement. If you want to visit the $2,500 MS-64 Pilgrim in person stop by tables 217 and 316. >>
You must consider your Pilgrim quite special asking so much for it. The pictures provided do not show anything special.
Your web site does not work on my computer.
I collect Capped Bust series by variety in PCGS AU/MS grades.
mozin, he was saying the $2500 reserve was a typo, it should have been $250.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
<< <i>The coin belongs to me and has been in my hands for 15 years. It is a great coin but not that great. It is a fat fingered $250 on the great scale and when I was typing in the reserves I added a zero. To much eggnog I guess! Alcohol and coins do mix! Forgot to change the reserve when they returned on Tuesday after Christmas. Sorry for all the excitement. If you want to visit the $2,500 MS-64 Pilgrim in person stop by tables 217 and 316. >>
Thanks for setting it straight, Bob. I am always on the lookout for nicely toned Pilgrims, but fatman seems to beat me to them all too often. I put a bid in on this proir to the auction and was surprised when I checked in and saw it over $2000!
we romed together at shows.........and he was full of stories about coins and who had what...where and when..........at night we would go downstairs in the lobby and drink a pot of coffee for about 2 hours while other were hittng the clubs.........i got a world of info from him about this hobby........and it was the best education anyone could of had........imagined being marooned on an island with david q bowers.........geez
now that its F.U.N. in fla again it always saddens me as he was having a real hard time breathing at night in our room....he said i wish i could opoen the wiondow for some fresh air but they were sealed shut at our hotel
after the show....i put him on a plane as he wasnt feeling to well...i called for the next few days to check on him and he was getting worse daily............a few days later he was gone
great guy.........and his loss has affected me ever since
Bill Spears...............rip..........you were a whale of a numismatist and great for the hobby
gregg bingham
my goal is to find the monsters and i go where they are but i sometimes miss some.... so if you have any and want to sell IM THE BUYER FOR THEM!!!
out of rockets ...out of bullets...switching to harsh language
Thanks for sharing that, Gregg. I didn't know you knew him.
I live in Seattle, and that's where I met Bill. I walked into his office one day a total rube and told him I wanted to put together a set of S mint Morgan dollars in MS63. Weird, I know.
I think he thought I was kind of amusing, so he put up with me. I showed him four Morgans I had, and he suggested I send them in for regrades--this was around 1991. Three of the four came back a grade higher. It was a huge bump dough-wise, and he wrote me a check on the spot.
He is the one that got me interested in commemoratives. And he is the one that really taught me the difference between a marginal coin, and a great one. I would love to sit back there in his office with him while he showed me commems--explaining the different qualities and differences in luster and grade.
Beyond all that--I just liked him. A gentleman, and someone I considered a friend.
I miss him still. Thanks for sharing some of your memories of him here.
Comments
My daughter was diagnosed with type 1 diabetes at the age of 2 (2003). My son was diagnosed with Type 1 when he was 17 on December 31, 2009. We were stunned that another child of ours had been diagnosed. Please, if you don't have a favorite charity, consider giving to the JDRF (Juvenile Diabetes Research Foundation)
JDRF Donation
Russ, NCNE
TorinoCobra71
<< <i>Do I have three? going once, going twice >>
Sold........ for three ($3) - I will PM you shipping instructions - thanks.
Edited to add: I don't understand the Teletrade "bidding" at all. Even if there were a data input error for the reserve and/or one (other) bid, that wouldn't begin to account for the current price level. Nor would the grade or the appearance of the coin itself.
Russ, NCNE
Andrew
My guess is somebody's typing finger went bananas with the reserve. No way two bidders could be soooooo wrong.
<< <i>It'll likely be a "not sold".
Russ, NCNE >>
Survey says..... not sold Russ wins!
Check my ebay BIN or Make Offers!!
That sounds plausible.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
That sounds plausible.
Andy, wouldn't that require that one or more bidders be bidding against the reserve to drive it up to that amount?
Mark - I suspect you already know the answer, but if I'm mistaken you can simply re-read Mike's post.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Russ, NCNE
<< <i>Mark - I suspect you already know the answer, but if I'm mistaken you can simply re-read Mike's post. >>
Andy, you suspect incorrectly. I had read Mike's post and yours. I wasn't feigning my bafflement and very rarely visit or participate on that site.
yes i know the coin very well and it was owned by b spears....i can assure you
however
only it was bill spears
monsterman.........i couldnt resist
out of rockets ...out of bullets...switching to harsh language
6024 N. 9th Ave #5
Pensacola, FL 32504
HTTP://WWW.AACoinCo.Com
<< <i>The pattern that was evident in this auction is very common on Teletrade. I find it likely that Teletrade's system incrementally raises the bid up to the seller's reserve, (max bid), even when there are no real bidders. >>
Russ said it well above.
Something "strange" seems to be going on with the bidding and reserves on Teletrade. This coin and auction in question is yet another example of it. Until they are more transparent in their bidding I will continue to believe the way I do -- that Teletrade incrementally increases the bids without any "real" bidders up until the point that the reserve will be met on the next bid.
It would be interesting to write a program that times the increases in bids to see if there's a pattern -- if I only had more time...Mike
<< <i>The coin belongs to me and has been in my hands for 15 years. It is a great coin but not that great. It is a fat fingered $250 on the great scale and when I was typing in the reserves I added a zero. To much eggnog I guess! Alcohol and coins do mix! Forgot to change the reserve when they returned on Tuesday after Christmas. Sorry for all the excitement. If you want to visit the $2,500 MS-64 Pilgrim in person stop by tables 217 and 316. >>
You must consider your Pilgrim quite special asking so much for it. The pictures provided do not show anything special.
Your web site does not work on my computer.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
<< <i>only it was bill spears >>
A very good man, who is much missed.
He knew his coins.
Here's to you, Willaim E. Spears. Numismatist.
Clankeye
<< <i>The coin belongs to me and has been in my hands for 15 years. It is a great coin but not that great. It is a fat fingered $250 on the great scale and when I was typing in the reserves I added a zero. To much eggnog I guess! Alcohol and coins do mix! Forgot to change the reserve when they returned on Tuesday after Christmas. Sorry for all the excitement. If you want to visit the $2,500 MS-64 Pilgrim in person stop by tables 217 and 316. >>
Thanks for setting it straight, Bob. I am always on the lookout for nicely toned Pilgrims, but fatman seems to beat me to them all too often. I put a bid in on this proir to the auction and was surprised when I checked in and saw it over $2000!
Hope the eggnog was good! Happy New Year.
we romed together at shows.........and he was full of stories about coins and who had what...where and when..........at night we would go downstairs in the lobby and drink a pot of coffee for about 2 hours while other were hittng the clubs.........i got a world of info from him about this hobby........and it was the best education anyone could of had........imagined being marooned on an island with david q bowers.........geez
now that its F.U.N. in fla again it always saddens me as he was having a real hard time breathing at night in our room....he said i wish i could opoen the wiondow for some fresh air but they were sealed shut at our hotel
after the show....i put him on a plane as he wasnt feeling to well...i called for the next few days to check on him and he was getting worse daily............a few days later he was gone
great guy.........and his loss has affected me ever since
Bill Spears...............rip..........you were a whale of a numismatist and great for the hobby
gregg bingham
out of rockets ...out of bullets...switching to harsh language
I live in Seattle, and that's where I met Bill. I walked into his office one day a total rube and told him I wanted to put together a set of S mint Morgan dollars in MS63. Weird, I know.
I think he thought I was kind of amusing, so he put up with me. I showed him four Morgans I had, and he suggested I send them in for regrades--this was around 1991. Three of the four came back a grade higher. It was a huge bump dough-wise, and he wrote me a check on the spot.
He is the one that got me interested in commemoratives. And he is the one that really taught me the difference between a marginal coin, and a great one. I would love to sit back there in his office with him while he showed me commems--explaining the different qualities and differences in luster and grade.
Beyond all that--I just liked him. A gentleman, and someone I considered a friend.
I miss him still. Thanks for sharing some of your memories of him here.
Clankeye