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This is further proof that 200x-W ASE's are modern crap and no better than melt...one caveat: Is it

GoldbullyGoldbully Posts: 18,500 ✭✭✭✭✭
If not, you are toast!!!!


If this auction doesn't sum it up.

Buyer got the coin from the Mint for $20+

Had it graded for $12(bulk) + $5 for First Strike.

Paid shipping 2 ways.

Photo'd the coin.

Put it up for bid on eBay....1/10th of a manhour(manhour=Your hourly rate)

Suffered trauma and anxiety as the bids pile up ever so slooooowly.

Ok, I can't think of anything else right now....help me out or call me on my mistakes!!


eBay link to ASE hell

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    lasvegasteddylasvegasteddy Posts: 10,489 ✭✭✭
    image

    i'm not sure how much thursday ending at 6:37 pm played as my auctions are geared towards the sunday night crowd

    it maybe of some relief that it is nice to see the other guy win some too...i bear that in mind anytime such a case is mine

    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


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    halfhunterhalfhunter Posts: 2,770 ✭✭✭
    That's T-E-R-R-I-B-L-E! The plain ole bullion ASEs are selling for nearly that on the Bay.
    Free shipping too . . . OUCH! ! !

    Regards,

    John
    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
    1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
    Any help locating any of these OBW rolls would be gratefully appreciated!
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    i had one end on election day eveningimage

    i did a little bit better at 26.51 but still lost grading/shipping/listing.... well you know...


    the way i see it MS69 sells for the same as ungraded in mint packaging.
    my ebay items BST transactions/swaps/giveaways with: Tiny, raycyca,mrpaseo, Dollar2007,Whatafind, Boom, packers88, DBSTrader2, 19Lyds, Mar327, pontiacinf, ElmerFusterpuck.
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    The coin is fine.............plastic and label are the modern crap that added nothing.

    Waste of money was not on the coin but on the plastic and special label.

    Same thing could have happened with an IHC or Walker half. Yeah I know no FS label.
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    When I cherrypick my ASE's to send in for grading I try to find the ones that I think will be 70's...Some are...some are not...the 70's make up for the 69's that I get back. At least I don't waste 100% of my money getting a coin body bagged.

    Oh...and I found one that was worse yesterday:

    Yuck!
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    19Lyds19Lyds Posts: 26,503 ✭✭✭✭


    << <i>If not, you are toast!!!!


    If this auction doesn't sum it up.

    Buyer got the coin from the Mint for $20+

    Had it graded for $12(bulk) + $5 for First Strike.

    Paid shipping 2 ways.

    Photo'd the coin.

    Put it up for bid on eBay....1/10th of a manhour(manhour=Your hourly rate)

    Suffered trauma and anxiety as the bids pile up ever so slooooowly.

    Ok, I can't think of anything else right now....help me out or call me on my mistakes!!


    eBay link to ASE hell >>



    Oh Man! What a waste!


    And it has the Reverse of 07 as well! image
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
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    OPAOPA Posts: 17,161 ✭✭✭✭✭
    Should not come as a suprise ... It's been like that for years with the MS 69 bullion issue, with a few exceptions. After all, it's only 1 oz of bullion.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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    Steve27Steve27 Posts: 13,277 ✭✭✭
    $23.81 is more than I would have bid for it.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
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    TheRavenTheRaven Posts: 4,167 ✭✭✭✭
    I agree it is a waste.....

    Why get it graded = grading on these coins is a joke

    First Strike = a joke


    Collection under construction: VG Barber Quarters & Halves
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    sfs2002usasfs2002usa Posts: 952 ✭✭✭
    Would you believe that I paid $1 to sell very same on TT recently! $26 loss for me, Ouch...
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    19Lyds19Lyds Posts: 26,503 ✭✭✭✭


    << <i>I agree it is a waste.....

    Why get it graded = grading on these coins is a joke

    First Strike = a joke >>



    Right. I suppose the buyer of this First Strike is laughing his/her but off!

    This one as well.

    This buyer probably busted a gut!

    Now this buyer probably has some reservations over the price paid but my guess is he/she can probably afford it.

    The whole point being that First Strike™ collectors take their collecting just as seriously as any other collector regardless of what others think. Older First Strike™ SAE's that do not have any milk spotting can demand some serious money and when it comes time to resell, those thousand dollar SAE's will bring thousand dollar prices from the First Strike™ collectors. Especially if they have no spotting!

    Of course, these are all pre-2005 coins and I don't see any of the post 2005 stuff as being particularly special with the exception of the MS/PR70 coins. Everything else pretty much sells for less than purchase/grading costs.

    Once somebody sets their mind on picking these up though, there is usually no hesitance to belly up to the bar and pay the premium.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
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    CoinspongeCoinsponge Posts: 3,927 ✭✭✭
    The seller was probably aware that this was a loss the moment he/she saw the grade at PCGS. It may have been a blind submission to get the first strike. They are just trying to recapture something to reduce the loss. You win some and you lose some. If you are good you win more than lose.
    Gold and silver are valuable but wisdom is priceless.
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    LALASD4LALASD4 Posts: 3,602 ✭✭✭
    That is normal.
    Coin Collector, Chicken Owner, Licensed Tax Preparer & Insurance Broker/Agent.
    San Diego, CA


    image
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    graded bullion; first strike LOL.
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    garsmithgarsmith Posts: 5,894 ✭✭
    $23.81 and it took 15 bids to get there image


    seller: image

    buyer: image
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    TheRavenTheRaven Posts: 4,167 ✭✭✭✭
    No I don't believe in First Strike coins.....

    Put the two coins next to each other without any label and you can't tell the difference.....

    I personally collect coins not hunks of plastic.....

    We also don't really know if they are first strikes either, only they where released by a certain date, but that is a completely different story.....
    Collection under construction: VG Barber Quarters & Halves
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    mkman123mkman123 Posts: 6,849 ✭✭✭✭
    this first strike, etc stuff makes its so confusing!!!
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
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    DoogyDoogy Posts: 4,508


    people are finally starting to wise up and realize that grading bullion is a sham. As more realize this, the prices will nosedive along with submissions to the TPGs.

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    This has been an intersting thread ... I thought I might provide one collector's view. I think silver eagles are cool and I buy them from them mint. When I first started collecting I bought a "first strike" MS-69 coin and paid a premium for it. I keep it now to remind myself of a collecting mistake that I made. I really could care less if the buillion coins are graded or not. A 70 is not a big deal to me. I have heard it repeated on this board many times ... "collect the coin not the plastic" That is what I try to do.
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    The dangers of trying to use regular auctions on eBay for items that have a high supply in the market. Silver Eagles in MS69 will always do like that in regular auctions, because there are hundreds of coins that dealers have in stock. But they will sell them generally at around $40. But they don't use auctions, because eBay buyers are very cheap. Almost all of your regular sellers of MS69s will use BINs and Store Listings to get a profitable price.
    -George
    42/92
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    I used to buy graded bullion when I started out. But then the light clicked on and out went all of my slabs. Maybe the newbies are finally getting wiser to the scam.
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    I see no point in buying graded or getting my ASE's graded (even proofs though I did send some 1993, 1994's in for grading)

    I'm the person that if an ASE goes above the 21 dollar range (dont care if its graded or not and this is W-mint marks only) I'm out of the picture. Why would I want to pay 21 for a coin that has a bullion worth of $10, then I factor the workmanship in, its not another 11 imo.

    I think he paid too much!
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    bestdaybestday Posts: 4,271 ✭✭✭✭


    << <i>If not, you are toast!!!!


    If this auction doesn't sum it up.

    Buyer got the coin from the Mint for $20+

    Had it graded for $12(bulk) + $5 for First Strike.

    Paid shipping 2 ways.

    Photo'd the coin.

    Put it up for bid on eBay....1/10th of a manhour(manhour=Your hourly rate)

    Suffered trauma and anxiety as the bids pile up ever so slooooowly.

    Ok, I can't think of anything else right now....help me out or call me on my mistakes!!


    eBay link to ASE hell >>



    Damn there Bully , you are funny. Hey, a coin club member had 2 sets of the 2006 3pc Gold Anniv sets.. I called four dealers, no one didn't even want to talk about them , let alone buy them. May be a good time to load up on some of this crap image
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    MikeInFLMikeInFL Posts: 10,192 ✭✭✭✭
    "200x-W ASE's are modern crap and no better than melt...one caveat: Is it a 70???"

    No duh.
    Collector of Large Cents, US Type, and modern pocket change.
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    fcfc Posts: 12,805 ✭✭✭
    well the forum is finally coming over to the way i have thought since
    day one (and others). But it seems a few years ago, those others,
    were in a minority. First strike made for some good flips and people
    here loved them! Defended them! Wanted them!

    how things change. just search for old threads and see...

    notice how the 69 versus 70 debate is still being supported by some.
    yet at PCGS, with bullion, the rawest rookie is given the assignment
    to grade them... a ton of them... each day... so you know the TPGs
    take it very seriously. ;-)
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    BECOKABECOKA Posts: 16,961 ✭✭✭
    It's definitely a little hard to swallow.

    The question is what percent came back as 70's and how much are 70's going for? In my experience you'd be lucky to break even.

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