Nobody has anything to say about the 2006 Kennedy sold

AircavA17 · November 13, 2006 3:35AM

yesterday for over 2,700.00. PR70DCAM 2006 Silver Kennedy on Ebay???

LastExitInNY · November 13, 2006 4:04AM

a fool and his money are soon parted

Russ · November 13, 2006 4:10AM

Link?

Russ, NCNE

fishcooker · November 13, 2006 4:13AM

Was that low priced, or high priced?

coynclecter · November 13, 2006 4:16AM

A sucker is born every minute.

notwilight · November 13, 2006 4:24AM

That looks like a pop 16 coin out of 1240 graded. If I were selling it I would expect less but that's the beauty of a free market. Things bring what their value is. It's funny that people criticize the market from the sidelines based on their gut feeling. I believe in Adam Smith.

--jerry

CJCollector · November 13, 2006 4:31AM

WOW!

Looks like the Silver Kennedy Half NGC PF70 Ultra Cameo eBay auctions selling at $40-$75 are bargains?

notwilight · November 13, 2006 5:27AM

<< WOW!

Looks like the Silver Kennedy Half NGC PF70 Ultra Cameo eBay auctions selling at $40-$75 are bargains?

>>

I always subtract one grade for NGC on moderns. So assuming they will all cross to 69 or better, the odds of getting a 70 are 16/1213 or 1.3%. so statisticly you need 74.8 of them to get one 70. 74.8*40=$2992. Hmmm that's pretty good correlation. --Jerry

AircavA17 · November 13, 2006 5:42AM

yes but where are they when I try and sell one? I was trying to trade mine for 4 ms66 coins on here last week and no one even answered me. Oh well.
Don

AircavA17 · November 13, 2006 5:43AM

all the others sold went for around 700.00. Id say a little high!!

BillJones · November 13, 2006 6:02AM

You can overpay for anything, but there are many people here who say that is not true. Most all of those who say it's not true stand to or at least hope to collect the money with someone else overpays.

Bear · November 13, 2006 6:05AM

Adam Smith is deceased. Long time gone.

BillJones · November 13, 2006 6:11AM

<< all the others sold went for around 700.00. Id say a little high!! >>

Since I have purchased PCGS PR-69 DCAMS (not this date) for $15, I'd say that $700 sounds high. First, it's too early to tell where the 2006 Proof half dollars in PR-70 Dcam are going to fall the condition rarity pecking order. Second, as a collector, who does not have registry fever, I can't justifify the premium for a very miinor difference in quality if there is any quality difference at all.

Russ · November 13, 2006 6:21AM

Link?

Russ, NCNE

Leiana · November 13, 2006 6:24AM

<< Link?

Russ, NCNE >>

Here

-Amanda

Swampboy · November 13, 2006 6:26AM

Somethin's fishy.

BillJones · November 13, 2006 6:27AM

In this case one would have to take the sellers' and PCGS' word for it. The pictures are not worth sqat.

Heck they don't even show the reverse. This is one example where the slab grade is more important than the coin.

Doogy · November 13, 2006 6:32AM

<< 

<< WOW!

Looks like the Silver Kennedy Half NGC PF70 Ultra Cameo eBay auctions selling at $40-$75 are bargains?

>>

I always subtract one grade for NGC on moderns. So assuming they will all cross to 69 or better, the odds of getting a 70 are 16/1213 or 1.3%. so statisticly you need 74.8 of them to get one 70. 74.8*40=$2992. Hmmm that's pretty good correlation. --Jerry >>

in moderns, I think PCGS is trying to be too much of a "market maker". Maybe it is to increase competition in their Registry Sets, or make people go GA GA on overinflated modern auctions, but I highly doubt that ONLY 1 in 75 proof coins that come out of the Mint are perfect enough for the PF70 designation. people paying crazy money for things like a "perfect" Kennedy are just that.....crazy

Doug

Gemineye · November 13, 2006 6:34AM

Just think of the collection of high grade plastic you can have after spending all that cash..

Russ · November 13, 2006 6:36AM

<< << Link?

Russ, NCNE >>

Here

-Amanda >>

How did you find it? I did a search and it didn't come up.

Private auction, so one has to wonder if that realized price is even real.

Russ, NCNE

FatMan · November 13, 2006 6:38AM

<< Nobody has anything to say about the 2006 Kennedy sold >>

I don't. When I see stuff like this I am speechless.

Leiana · November 13, 2006 6:39AM

<< How did you find it? I did a search and it didn't come up.

Private auction, so one has to wonder if that realized price is even real.

Russ, NCNE >>

I went under completed listings and typed in 70 Kennedy 2006 under the US Coins Category. Here are the search results, there are some NGC coins that went for nothing compared to this!

-Amanda

AircavA17 · November 13, 2006 6:43AM

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ih=013&sspagename=STRK:MEDW:IT&viewitem=&item=230047772894&rd=1&rd=1

UncleJoe · November 13, 2006 6:53AM

I'm all for the free market but sometimes I can't help think of tulip bulbs.

Joe.

wondercoin · November 13, 2006 6:55AM

My 2 cents -

a. auction probably real (i.e. no mistakes by bidders entering bids) (and congrats to "legit" seller).

b. 2 "diehard" registry guys fighting each other to fill their hole at any cost (1941(s) Walker all over again). And, I am sure the seller appreciates the near $2,000 excess "gift" from these bidders.

c. pop went from 12 to 15 from the time seller even posted auction!

d. you are looking at roughly a $750 coin tops now and in the immediate future (assuming it can even hold that $750 level).

IMHO.

Wondercoin

JoeLewis · November 13, 2006 7:33AM

This is one of the reasons I am selling off my PCGS Kennedy set. When I think about the price difference (worth?) between the raw coin and the slabbed one it seems bizarre. Break that coin out of the slab and it's worth virtually nothing.

BUT, if I had an unlimited amount of funds and I just wanted to complete my Registry set with only PR70DCAMs just for the fun of it, then I guess the price doesn't really matter.

I certainly hope those bidders were not looking for an investment item. As soon as twenty more of those get graded at PR70DCAM (this is not only possible but probable,) then you could not sell that coin for more than $100 or so.

WoodenJefferson · November 13, 2006 9:23AM

NO...NO...NO...tell me it is not so! This is insane!

Baley · November 13, 2006 9:25AM

It is amazing that the coin has survived in such prestine condition after all these many, um, weeks!

nucklehead · November 13, 2006 9:34AM

<< It is amazing that the coin has survived in such prestine condition after all these many, um, weeks! >>

Russ · November 13, 2006 9:34AM

<< As soon as twenty more of those get graded at PR70DCAM (this is not only possible but probable,) then you could not sell that coin for more than $100 or so. >>

It'll never get down to $100, no matter how many are graded. There are years with a pop of over 100 that still sell for $300. It will get down to a hell of a lot less than this one allegedly sold for, though. In fact, it already has.

Russ, NCNE

Cameonut · November 14, 2006 10:59AM

My 2 cents:
a. Auction is probably real, but private auctions always make me nervous about shill bidders.
b. Two Registry morons just throw money at the coin to fill the hole
c. Pops will increase further and prices will continue to drop (see b) to a far lower level
d. I predict prices in the $300-400 level within a year.
e. If that seller was smart, he would offer a 'second chance' coin to the underbidder. Surely he can find one and flip it for even more profit.

Chasing MS and PR 70 coins with big money is profitable only for the sellers (with very few exceptions).

I'll pass.

IMHO

Cameonut

Nobody has anything to say about the 2006 Kennedy sold

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