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Jefferson First Spouse pre sales on eBay look like a train wreck.
GAT
Posts: 3,146 ✭
Many auctions are ending below cost considering eBay fees. Wonder how many of these transactions will actually be completed?
USAF vet 1951-59
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Camelot
Cashback from Mr. Rebates
FloridaBill
There has been an issue for awhile where the completed auctions list does NOT give accurate results for many auctions.
Give a few links.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
$455
Acutally the softening of presale prices was highly predictable. A lot of people are uncomfortable with presales of gold coins, especially since many collectors understand that the mint substantially oversells it's product.
Actually, 212 TJ Liberties have sold on eBay so far. These have sold for an average price of $575.56 so far and declining fairly rapidly. 3 Uncs sold yesterday for $466 a piece!
Just wait until the coins actually have been delivered. Prices will firm up quite a bit as sellers have the product in hand.
Prices will climb a lot further as sellers start offering PCGS graded TJs.
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Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
As one who just completed selling or trying to sell 5 Martha's I thought I might weigh in with some thoughts.
I had 5 Uncir's that finally got to me too late from the mint for "First Strike". Watching Ebay I saw many many raw or NGC MS70's. I saw PCGS ones few and far between with BIN's up-wards of $1200...I thought maybe just maybe trying to sell PCGS's might go well. Yea, I was going to try to flip. My first try at it. And my last...Just a small collector, I am, not a dealer with deep pockets.
Got back 3 - MS69's and 2 MS-70's and thought, Oh Boy am I lucky. Got the 70's on the bay qucikly with reserve. Made some mistake's with title line and thier search engine didn't do me any favors. Had over 800 views each according to the counters. But, they barely got to $699......at the end. Remember not First Strike.....I think they did Ok, but not what I thought they would. Made a little, not much.....
Put up the 3-- 69's and again a small mistake caused a search problem. 1 had a bid so could not fix it one of them(Should have just ended it then) let it go to end of run where it got to $425....Again I had put a reserve(Damn glad I did), which didn't get met.... Fixed the other 2 title line mistakes auctions, but they went nowhere.......Ended them early and took my lumps.
Just checked NGC POP which showed approx 2500 Martha's all grades with 1052 =69 & 1513 =70. PCGS POP for Matha MS's =1250-69's & 263 MS70, with only 1520 MS's total.
Out of 40,000 Martha's sold only, 4090 graded MS???????? Doesn't make sense.....
I'm thinking I had a couple of strikes against me.
First off should not have tried to play like a big seller, then 2. Not "First Strike" coins & 3. Too many NGC 70's out there.....
Hope this written at 4AM makes sense
My Question is what do you guys thinks about all those NGC 70's hurting PCGS Sales ?????
So I wouldn't blame NGC for the fall in prices on the spouses. I haven't studied it since I've been done with spouses for some time. One law that always applies though is supply and demand.
I was lucky enough to sell my proof for 720+....
the UNCs have been going issue+....
the combo prices are all over the board
for me? Ill take the profit on the proof and keep the unc as .5 oz gold for $150
<< <i>All those NGC 70s did in fact kill the price of the first two Spouse coins. I have posted concerning that matter in the past and I expect the same with the TJs. There was a time on eBay when PCGS 69s were selling for less then raw coins because of NGC. For myself, I wouldn't waste my money grading the TJs. >>
I'm also wondering if the one seller/largest submitter to NGC or whatever is gonna list 300-500 Jefferson liberty ngc 70 all at the same time spaced 15 minutes apart through next year...
<< <i>
I'm also wondering if the one seller/largest submitter to NGC or whatever is gonna list 300-500 Jefferson liberty ngc 70 all at the same time spaced 15 minutes apart through next year... >>
probably gainsvillecoins i've been watching them lately, any given day they have 70+ first spouse NGC 70 listed, since they came out, they have sold probably close to 500 NGC 70s if not more. This coin was so HOT in the beginning because of the 2 hour sell out (which 3/4 of the coins went to flippers) so people thought wow, this coin is gonna be hot, that's what drove the prices on ebay to the roof after the first weeks of the sell out, once flippers started to receive them and flooding ebay, people realized that they aren't a big collector base for the series, and people that bought this was just for a quick flip, therefore, that's one of the reasons the liberties aren't sellin for much on ebay, and they probably wont reach the peak as the first two did, the 2nd week after the sellout the first two spouses were selling around 700 already, its also the simple rule, supply vs demand, there are NO demand for the series, yet ebay is flooded with them, that's why prices are down and will stay this way, i dunno, just my 2cents
LINK...
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
For the 20th AGE: Prices soften edand bottom out until actual deliveries are made; then there's the clammor among those disappointed from their not having bought them in the first place, or those who look to corner the market on these things, buying as many as possible to send in for their beloved 1st Strike grading.
As the First strike window closes, and as the mint makes subsequent round of delivery, more and more flippers post listings letting go of their widgets causing the prices decline again--albeit at considerably higher prices than obtained during their presales.
Once most flippers are out, prices begin to steadily build again as collectors slowly add these to their collections.
And like we've seen since the release of the FirstHags, prices soften once again as the market focuses in on the newest and greatest U.S. mint widget.