Even on eBay PQ coins still bring PQ money.

Russ · September 22, 2007 5:11AM

There's a lot of talk lately about how "dead" eBay is. I don't buy it. Sure, average and below material is dead, but it's always been dead. Nice quality stuff still sells strong. Three recent sales of the same coin type, of the same grade, from the same grading service:

Low quality - $27.

Average quality - $47.

High quality - $96.

Russ, NCNE

dizzyfoxx · September 22, 2007 5:14AM

<Nice quality stuff still sells strong.>

I think that true PQ coins will command attention regardless of any present hobby conditions.

Zoins · September 22, 2007 5:16AM

Nice comparison pics.

GFourDriver · September 22, 2007 5:16AM

Looks like you hit the nail on the head.

roadrunner · September 22, 2007 5:19AM

It's very hard on ebay to touch a nice looking type coin for bid.
And if it's an old holdered coin that looks upgradeable in the photo, you normally have to pay a 20-50% premium to play.

But with the new policy, maybe Centsles will not be swooping in as often for coins of that quality that would go into very high 3rd tier holders.

roadrunner

BlindedByEgo · September 22, 2007 5:20AM

I wonder how much different the results would be if you had supplied the usual small crappy photos found on Ebay.

Telling as well is the fact that the same buyer was willing to pay 2X for the second coin.

Interesting post.

RedStorm · September 22, 2007 5:31AM

Interesting post. In looking at these three, I'm wondering on the first coin how PCGS' guarantee works. In the PCGS price guide, this coin is valued at $80. Clearly the spotting occured after it was in the holder. So how much would PCGS compensate if the new owner sent this coin in with a beef?

Zoins · September 22, 2007 5:47AM

<< <i>Interesting post. In looking at these three, I'm wondering on the first coin how PCGS' guarantee works. In the PCGS price guide, this coin is valued at $80. Clearly the spotting occured after it was in the holder. So how much would PCGS compensate if the new owner sent this coin in with a beef? >>

PCGS uses what they determine to be the prevailing market price for the grade guarantee. This doesn't necessarily match the price listed in their price guide.

pcgs69 · September 22, 2007 5:50AM

I've sold several PQ items recently that tanked, the average/below average items did even worse.

OPA · September 22, 2007 6:06AM

I agree & having the coin PCGS holdered with good pictures does make a difference.

57loaded · September 22, 2007 6:35AM

nice stuff and well described A++ i would of liked that spotty, actually

yeah it sounds like feedback, (never bought from you) but your auctions are good...

Doogy · September 22, 2007 6:38AM

i agree, i've been getting strong money for my stuff lately; a couple have falled a little short, but the PQ ones far exceeded what i thought they'd bring.

oxy8890 · September 22, 2007 6:56AM

Good information Russ.

RedStorm · September 23, 2007 3:41AM

<< <i>

<< <i>Interesting post. In looking at these three, I'm wondering on the first coin how PCGS' guarantee works. In the PCGS price guide, this coin is valued at $80. Clearly the spotting occured after it was in the holder. So how much would PCGS compensate if the new owner sent this coin in with a beef? >>

PCGS uses what they determine to be the prevailing market price for the grade guarantee. This doesn't necessarily match the price listed in their price guide. >>

So, just to carry this example out, let's suppose the 'prevailing market price' is the average price sold of these three idential graded PCGS coins...that would be about $56. Can the guy who bought the spotted coin for $27 send it in to PCGS and get $56 for it (or the difference between $56 and what it grades for now) (again, assuming that $56 is determined to be the 'prevailing market price')? I'm just wondering if there's money to be made by looking for what are now spotted dogs in high graded PCGS holders at bargain prices.

DJCoinz · September 23, 2007 3:47AM

Nice comparison Russ.

Russ · September 23, 2007 3:51AM

<< <i>So, just to carry this example out, let's suppose the 'prevailing market price' is the average price sold of these three idential graded PCGS coins...that would be about $56. Can the guy who bought the spotted coin for $27 send it in to PCGS and get $56 for it (or the difference between $56 and what it grades for now) (again, assuming that $56 is determined to be the 'prevailing market price')? I'm just wondering if there's money to be made by looking for what are now spotted dogs in high graded PCGS holders at bargain prices. >>

The PCGS payoff - if they chose to buy the coin rather than reholder it at a lower grade and pay the small difference - would be in that range, yes. But to my mind it really isn't worth the effort for what amounts to about $15 after considering shipping costs.

Russ, NCNE

fc · September 23, 2007 3:55AM

would not the designation CAM automatically be worth less
then a coin labeled DCAM if the grade is the same?

i am not sure you are using a fair comparison. if they were all CAM
i could readily agree, but the DCAM will of course always go for more.

edited to add: misread the title! dcam reverse. i see now.

1907Quarter · September 23, 2007 11:38AM

simply a fabulous thread-extremely instructive! thanks Russ!

Even on eBay PQ coins still bring PQ money.

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