Coin collectors are absolutely insane
IrishMike
Posts: 7,737 ✭✭✭
$4000+ with over 5 days to go. 0
IrishMike
Posts: 7,737 ✭✭✭
Comments
<< <i>most owners of these sets are planning to hang onto these for the long term >>
At that price, I sure hope so.
AND it could go higher.
Couldnt ya find aa nice undervalued raritie today for about the same money that would double over the next 10 yrs as opposed to this modern crap that will never be rare ?
What happens when they cool off?
Positive BST: WhiteThunder (x2), Ajaan, onefasttalon, mirabela, Wizard1, cucamongacoin, mccardguy1
Negative BST: NONE!
-- Adam Duritz, of Counting Crows
My Ebay Auctions
would that be Jamesons ?
<< <i>Bill I think you and I are getting to old for this insanity.
LOL
that is almost as funny as the price on this auction. I think the bidders found your whiskey
``https://ebay.us/m/KxolR5
Russ, NCNE
Russ, NCNE
turns down, it will be interesting to see what
such a set sells for, if it sells at all.
Camelot
...You have to admit...it is a nice set.
~g
I'd give you the world, just because...
Speak to me of loved ones, favorite places and things, loves lost and gained, tears shed for joy and sorrow, of when I see the sparkle in your eye ...
and the blackness when the dream dies, of lovers, fools, adventurers and kings while I sip my wine and contemplate the Chi.
<< <i>PS: OOPS. I just checked and the set I sold was a two piecer with the Low Leaf. Sold a three piece MS66 in the same auction group at $645, though.
Russ, NCNE >>
Russ, I sold an MS66 Low leaf in PCGS slab for 867 last year, but honestly.... do you think this is a case where someone is bidding PCGS price guide on NGC's grading system and do you think they would cross over ? Not just Russ, but any of you. Would these cross to PCGS ?
``https://ebay.us/m/KxolR5
I think the three hole slab has something to do with this. It probably has something to do with their registry. I don't pay any attention to those parts of their registry. To me a three hole slab is trouble because you have to find a collector who wants all three coins in order to sell it.
<< <i>Imagine if someone makes a set in 68 >>
Below from Rick Sniow's Eagle Eye Rare Coins web site.
NGC MS-68 set sells for $10,000. In late July Eagle Eye sold it sole MS-68 set of three Wisconsin Quarter Extra Leaf Varities. This is believed to be a record for an Extra Leaf Quarter set.
Link
I was skepticle of there coins from the beginning and didn't trust all the hype, but I bougth a bunch for the heck of it. I still have a low leaf in 67, some low leafs is 66 and High leafs in 65. I'm glad I've held on to them and wish I hadn't sold a few a while back.
They are neat coins.
<< <i>if it sells at all. >>
bingo!
<< <i>just a hypothetical ?
Couldnt ya find aa nice undervalued raritie today for about the same money that would double over the next 10 yrs as opposed to this modern crap that will never be rare ? >>
I could probably think of hundreds of good reasons not to collect old US coins but then
buying any collectible for its investment potential is a very high risk endeavor. Whatever
you think of modern crap the simple fact is that you can still buy it cheaper than comparably
rare classics.
It would seem that if something is going up despite a nearly universal knee-jerk reaction
that it's just crap, then those with the twitchy knees might need to reexamine their assumptions.
But, I tend to agree with the critics who suggest these coins are overpriced at these levels - for example - an exceedingly rare 1943(p) DOUBLED DIE WASHINGTON QUARTER in Choice BU (one of just a few coins known to exist in Mint State) trades for roughly the same level as a finest known WI error quarter. One coin is 62 years old now while the other is just about 62 weeks old. On the other hand, one coin is in great demand, while the other, unfortunately, is not. Just my 2 cents.
Wondercoin
What was your first clue?
<< <i>Coin collectors are absolutely insane
What was your first clue?
LOLOLOLOLOLOLOL
``https://ebay.us/m/KxolR5
<< <i>Coin collectors are absolutely insane
What was your first clue?
Exactly! It's kind of like reminding us the sunsets in the west! We all spend $ on some odd numismatic things, but there are lots of other things I would spend $4000 on. Of course, many of us felt the same way when 1999 Silver proof sets were hitting $200!
feel free to PM me !
>>>My Collection
<< <i>
<< <i>Coin collectors are absolutely insane
What was your first clue?
>>
and I have the papers to prove it, too......................
<< <i>Coin collectors are absolutely insane
What was your first clue?
When I saw someone pay $4.18 million for a nickel minted less than one hundred years ago.
Reminds me of "chase cards" in the sports card marketing plan.
The Washington Quarters series is probably the most widely collected series in numismatic history. Sure, that includes thousands of kids and adults who are collecting casually and only for fun. However, the "leafs" are the first rarity, the first true examples of keys for the series. If only a fraction of the quarter collectors take collecting a full set seriously the "leafs" should be under significant pricing pressure for years to come. With the estimates of only a few thousand or even a few tens of thousand available, they are just scarce enough to be affordable, but not so rare as to be beyond the reach of most collectors. Whatever folks think of moderns (I don't particularly like them) the reality is that the market is going to drive these particular coins for a long time. The publicity has not stopped. I thought interest in them would go pretty much to zero by now and the opposite has happened. Trash them all you want, the TPGs have taken them seriously, the public is takling them seriously, and I only wish I owned more. I don't like "modern crap"; never have liked it, however these leafs are the exception.
Folks bought pet rocks, hula hoops, pez dispensers and I understand the marketing and herd mentality of that. I just ain't one of those folks that walks around with a rock in his pocket, gyrating a hula hoop while sucking on pez.
I understand. Smoe people prefer lollypops.
<< <i>Sometimes you feel like the "point" is zooming off into space. I collect moderns too, but I wouldn't pay $2000 bucks for a 2000 something quarter regardless of the intentional or unintentional error caused by a mint employee. To me that falls outside of my collecting horizon and obviously I am not the only person that thinks that way. It's not silver, its not copper, its not gold and its uninspiring to look at the design, so why in heavens name pay that kind of money for it. I believe that is a legitimate question. We don't even know yet how rare these things are.
Folks bought pet rocks, hula hoops, pez dispensers and I understand the marketing and herd mentality of that. I just ain't one of those folks that walks around with a rock in his pocket, gyrating a hula hoop while sucking on pez.
So what would a Morgan dollar sell for with about 4,500 coins surviving. Then consider
what one of the finest of these would sell for.
While there's still some chance that more will be found, it's unlikely that more than 5%
are still in storage and it would hardly be surprising if most of these have been spot checked
for these varieties. Every day that goes by reduces the chance that more will be found.
Beauty is in the eye of the beholder and the millions of collectors do not see these as un-
inspiring designs. Of course the metallic value has very little bearing on the value of nu-
mismatic coins. Just as an 1873 2c piece can be desirable so too can a 2004 quarter.
Oh well, maybe it's just the memories of the farm boy in me remembering the good old days cleaning up cow manure and lugging milk cans around that gets the blood pumping for this "key". $4000 or $5000 for a set in MS-67, why not? Still a better deal, IMO, than some MS-66* monster Peace dollars that are floating (the color anyway) around.
Edited to add: Would prefer owning one of the leafs than a widget Morgan; millions of them everywhere.