Went out on a limb today, picked some godless fruit
Kaelasdad
Posts: 1,232 ✭✭✭
Decided to jump into the godless market and bought 200 of them this morning. Seems like it was a good idea at the time. Reinvested some Silver and plat income. Never had a u suck, but today might be the day 
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Russ, NCNE
<< <i>Decided to jump into the godless market and bought 200 of them this morning. Seems like it was a good idea at the time. Reinvested some Silver and plat income. Never had a u suck, but today might be the day
HUH??
TC71
Russ, NCNE
<< <i>I thought about you today, knowing we had talked recentlyabout these. As the person I bought from said,"well, I made a decent profit, now its your turn" I wouldnt have minded a $49 profit on a dollar investment, and i havent actually sold any yet, but I am very glad to have some just in case i do get to sell any. >>
My god, a ten coin lot just went for $1425. I may have to stay up all night selling the coins I set aside for my grand-daughters. I called all over Florida trying to find those coins for you and the dealers who were swimming in coins last week were all empty. That tells me something about how many actually got out; at least that which came here to Florida.
I actually thought i could grade mine and then sell them for a nice profit, maybe even average $200 per. That changed today, $200 is about it for ungraded. Whoever lists some 66,67s will really see the pop.
JMO
<< <i>i thought there were estimates of 50,000 to 100,000 or more of these? why are they going for so much? >>
More than just collectors are buying these making the supply short.
Liberty: Parent of Science & Industry
<< <i>Once the graded versions get released, its going to be a madhouse. >>
They already are. There are NGC slabbed coins on eBay right now.
Russ, NCNE
<< <i>
<< <i>Once the graded versions get released, its going to be a madhouse. >>
They already are. There are NGC slabbed coins on eBay right now.
Russ, NCNE >>
I have not even seen any actual PCGS regulars yet. No one has posted the reverse showing the coin number or grade. Most seem to be pre-sales or images from PCGS.
If it were me I'd pick the finest 10 and send them in to the slab factory. I'd list the others ASAP. I mean fast. I'd offer to pay the seller to express mail them. I'd list several 1, 3, 5 and 7 day auctions. I'd list lots of 5, 10 and 20 in 10 day auctions.
Musical chair syndrome I guess, just with an added twist of exponentially increasing value.
Here's hoping you're not the one left standing when the music stops.
These coins are becoming famous to collectors and non-collectors alike. The error is easy to see and explain. The coin makes a great conversation piece. Lots of people will be starting sets and wanting to include this coin.
Im pretty sure that the people that are paying several hundred for these are stting on bulb futures.
Tiptoe through the tulips
I really wanted one of these @ 35. Oh well.
<< <i>This kind of reminds me of a movie I once saw. There was a scene where all of the sudden certain flowers multiplied in value by 1000%. Everyone went scrambling to pick these flowers and sell them as quick as they could. The people that bought them didn't even want them, they just sold them as soon as they could at an even higher price. Then one day, no one wanted the flowers anymore. Lots of wealth had been re-distributed and those that got stuck with the flowers when everyone realized they were just flowers got screwed. Was that a movie? Hhmm... >>
I seem to remember a movie where everyone bought up real estate even though they didn't really want to live there. They just wanted to speculate. Soon everyone was owning 5 and 6 properties and constantly flipping and buying for quick cash.
One day it all stopped. No one wanted any more real estate.
The prices started crashing.
wait a minute
that wasn't a movie was it ?
Auction
I bought 9 others for about $53 and 3 others before that at $80.
On average, I got 44 at exactly $45 each (shipping included).
Do I get a minor "you suck" award ?
If not then you may not suck after all.
I can imagine the seller's delema if they have not yet shipped them but now know the coins current value.
<< <i>Dcarr: Have your coins been shipped yet?
If not then you may not suck after all.
I can imagine the seller's delema if they have not yet shipped them but now know the coins current value. >>
Well, yes that is a major concern. Both sellers have, at least, created the Postal Service shipping labels via Paypal (I got email notifications from Paypal on that). Whether they actually ship the coins is another matter. I'm hoping they were mailed yesterday.
<< <i>Monday night I bought 32 at $39.99 with free shipping:
Auction
I bought 9 others for about $53 and 3 others before that at $80.
On average, I got 44 at exactly $45 each (shipping included).
Do I get a minor "you suck" award ? >>
That's a major YOU SUCK, I think. Well done.
Today (Wednesday) the seller cancelled four paid orders (not mine) and got four negative feedbacks:
eBay feedback
<< <i>Well, I might be out of luck on 9 I bought on Monday at $53. But I think the seller shipped them on Tuesday.
Today (Wednesday) the seller cancelled four paid orders (not mine) and got four negative feedbacks:
eBay feedback >>
I shipped a bunch after the news broke, never thought of cancelling. I certainly realized that the buyers were getting bargains but hey I am not a dealer, I didn't buy these to resell and my cost was pretty low. Everyone happy. Maybe because I have always been a buyer on Ebay; this is my first sales experience but man what a jerk to cancel completed auctions just because the price went up 500%.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
of the telemarketers?
TD
<< <i>Any bets as to whether or not one or more of the large Florida bank hoards were to one or more
of the telemarketers?
TD >>
I was told one large group went to HSN
Steve
<< <i>Decided to jump into the godless market and bought 200 of them this morning. Seems like it was a good idea at the time. Reinvested some Silver and plat income. Never had a u suck, but today might be the day
You suck Russ.
Not because of the GW's but that you could profit off of platinum
Someone told me my PR70 was ugly
The price guide said it's worth $3100 and I couldn't even get an offer of 1200 for it.
YOU SUCK.. YOU SUCK... YOU SUCK.
But thank you so much for the $125 gift card to Boston Market.
I just took a couple business partners to lunch with that one.
They said to tell you thanks !
And since you ain't one to boast much, let me tell why I got that gift card.
...for looking through a couple rolls of silver quarters for Russ
but anyway,
YOU SUCK !
Joe
``https://ebay.us/m/KxolR5
And my Plats were lowly MS, I didnt buy any Proofs.......
It was a good thing I did it on Monday. Both sellers shipped the next day (Tuesday). Then on Wednesday, all the media furor started. Folks who bought from one of my sellers on Tuesday had their orders cancelled (the seller apparently wanted Wednesday's prices rather than Tuesday's prices).
Today I got two shipments totalling 41 "godless" dollars
<< <i>Well, I might be out of luck on 9 I bought on Monday at $53. But I think the seller shipped them on Tuesday.
Today (Wednesday) the seller cancelled four paid orders (not mine) and got four negative feedbacks:
eBay feedback >>
That's sweet. I'm glad so many had the nads to leave Neg. feedback.
On the flip side, how would that sell act if he sold on Wed. for $400 and the people cancelled because they are selling for $200 today?
<< <i>This kind of reminds me of a movie I once saw. There was a scene where all of the sudden certain flowers multiplied in value by 1000%. Everyone went scrambling to pick these flowers and sell them as quick as they could. The people that bought them didn't even want them, they just sold them as soon as they could at an even higher price. Then one day, no one wanted the flowers anymore. Lots of wealth had been re-distributed and those that got stuck with the flowers when everyone realized they were just flowers got screwed. Was that a movie? Hhmm...
Musical chair syndrome I guess, just with an added twist of exponentially increasing value.
Here's hoping you're not the one left standing when the music stops. >>
I like it!
This is often how the market works.. the masses buy at the highs and end up losing money. I'm just glad this got media attention because if it adds one new collector into the mix who ends up buying more then just modern crap then it was worth it. I wouldn't be buying here.. that would be like buying a penny stock after it was just pumped on every major messageboard there is and is up 400% (actually about 20000% from it's lows of $1)... not only that but the stock is being diluted and the number of outstanding shares is doubling every couple weeks...but then again I was an idiot to not buy them at $50 but who would have known a mint error would make national headlines. Of course the masses buying them will take those outstanding shares out of the float so there will be less available for everyone, so who knows what will happen... if those who bought them will attempt to resell them or not and at what price... and if they'll go fingerprinting them all up after they buy them, etc....
one thing's for sure.. if you got one for $50 or less, you are sitting pretty, as those prices, in my opinion, are probably history unless of course you fingerprint your coin all up.