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WOW!! Someone got a great deal.....This is a "YOU SUCK"
theump
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to drop in price over the next years. 1000+ dollars for a small newly minted
gold coin. silly.
this my opinion, cant handle it? ;-) i read yours!
Knowledge is the enemy of fear
Russ, NCNE
It wasn't a BIN. Plus I would think Rarcoa is pretty reputable.
Funny thing, there was a bid of $1050 right before it closed. Someone sniped it for $25 higher!!
Russ, NCNE
<< <i>I am sure a lot of folks were saying that about the Jackie Robinson. Hey, no skin off my nose, I didn't buy it. But I would imagine buying the coin for $700 (approx) below grey, one could turn around and flip it pretty quickly. >>
Where would one go to flip it for the profit? It already sold on Ebay for the price listed, so another Ebay listing is probably going to net about the same, maybe a bit higher closing at a more popular time, but perhaps a bit lower because the buyer is no longer bidding.
The latest uncirculated sold on Heritage was July 12, 2007 for $1380:
PCGS 69 for $1380
Sounds pretty good, until a person figures out that $1380 - 15% juice = $1175, or exactly what was hammered at Ebay. Take out shipping both ways and the Ebay buyer has a loss.
Don't fall into the trap of ICG 70s, they are only worth a very small premium over 69s because of ICG grading standards. Don't fall into grey sheet prices for thinly traded issues, whether they be classics or moderns. The sheet may be all over the map on thinly traded coins.
It might be useful for modern dealers to chime in as to their current bids for that coin. However, if the bids are low, disclosing them might be bad for business.
It is a good buy for a collector to add to his/her collection at the hammered price, 15% cheaper than if they bought at Heritage. However, flipping opportunities seem quite limited.
/edit typos
<< <i>Don't fall into the trap of ICG 70s, they are only worth a very small premium over 69s because of ICG grading standards. >>
This isn't one that's based only on the grade of a TPG. It's one of the few $5 modern commems that has a significant premium. In this case, there is strong Greysheet support. So, it's possible the Greysheet is behind the real market on this one.
Russ, NCNE
<< <i>
<< <i>Don't fall into the trap of ICG 70s, they are only worth a very small premium over 69s because of ICG grading standards. >>
This isn't one that's based only on the grade of a TPG. It's one of the few $5 modern commems that has a significant premium. In this case, there is strong Greysheet support. So, it's possible the Greysheet is behind the real market on this one.
Russ, NCNE >>
Sound like the sheet is wrong on this issue. Perhaps the Heritage price paid might be a more realistic value, or perhaps taking the average between Heritage and Ebay or about $1280. Like I wrote, a good buy for a collector looking to keep the coin, doubtful they can turn it for a meaningful profit this week after paying selling fees, shipping and the like.
You would think if the greysheet is showing $1800 that would be for an ungraded coin. So, I don't think the ICG plays into it. Now if it crosses over....