Krause is $12 in Unc, nothing listed in BU. If you collect Brazil though it's very tough to find a really decent 65. I didn't buy it by the way, as I am stiicking to my resolution not to buy pretty coins outside my main collecting areas. You can also through away the Krause prices on ms63 and higher German, particularly 19th C. as they will fetch multiples of Krause, sometimes 5-10 x. As an example a Silver 1867 A 1/2 Groschen sold for over $150 Sunday night, Krause has it at $17 unc and $24 BU. I bid on that one but didn't win, but I do think long term it was a bargain for someone.
“The American people will never knowingly adopt Socialism. But under the name of ‘liberalism’ they will adopt every fragment of the Socialist program, until one day America will be a Socialist nation, without knowing how it happened.” -Socialist Party presidential candidate Norman Thomas
“We Are All Socialists Now" - Feb 16, 2009 cover of Newsweek Magazine
<< <i>Greg is a top-notch seller with alot of loyal buyers for his coins. >>
I was watching a couple of his 1960 dated pieces but forgot to bid. Greg has a great eye for the high grade stuff and / or color. He and JamminJ are both top notch.
Gene
Life member #369 of the Royal Canadian Numismatic Association Member of Canadian Association of Token Collectors
Collector of: Canadian coins and pre-confederation tokens Darkside proof/mint sets dated 1960 My Ebay
That was an amazingly strong price for what I think is a relatively common coin, and a risky move by the buyer. That particular date has a mintage of 9.1 million, which is almost half the mintage for the entire 1924-1934 series, and I see nice uncirculated examples of that date at shows all the time. It would not surprise me to see an original roll of these turn up somewhere. I have an NGC MS65 of the same date which I bought for less than $30 -- even though PCGS is tougher than NGC on Brazilian coins, the pop report shows 2 MS65s for the date at PCGS.
That was an amazingly strong price for what I think is a relatively common coin, and a risky move by the buyer.
I wouldn't consider spending $75 on anything "risky". Maybe the coin can't be flipped for a profit ... but it looks like someone bought a nice looking coin that they obviously found appealing. Oh ya, I was the underbidder.
As an example a Silver 1867 A 1/2 Groschen sold for over $150 Sunday night, Krause has it at $17 unc and $24 BU. I bid on that one but didn't win, but I do think long term it was a bargain for someone.
I bought that one. As others have stated, Greg is a good seller with a good eye. I am one of those collectors that doesn't need to follow a catalog to determine what to bid.
<< <i>That was an amazingly strong price for what I think is a relatively common coin, and a risky move by the buyer.
I wouldn't consider spending $75 on anything "risky". Maybe the coin can't be flipped for a profit ... but it looks like someone bought a nice looking coin that they obviously found appealing. Oh ya, I was the underbidder.
As an example a Silver 1867 A 1/2 Groschen sold for over $150 Sunday night, Krause has it at $17 unc and $24 BU. I bid on that one but didn't win, but I do think long term it was a bargain for someone.
I bought that one. As others have stated, Greg is a good seller with a good eye. I am one of those collectors that doesn't need to follow a catalog to determine what to bid. >>
Especially considering the fact that the vast majority of coins are in the $50-$150 category. That half groschen in PCGS MS67 is not at all common this nice, congrats Paul. I once had "made" an NGC MS68 one groschen, that was later also sold by Greg. I loved the Hesse Darmstadt pfennig NGC MS67RB too, the buyer of that will certainly be happy.
Sorry, guys, but I'll have to differ with both of you in this particular case. I think it's a great example of someone buying the plastic and not the coin.
This isn't about the price guide. I may be wrong, but I don't think the 1924 2000 reis is that scarce in gem condition -- at the last show I attended I saw at least half a dozen nice BU examples for sale of the same date. I would not be surprised if there are one or more original rolls out there somewhere. My guess is the low pops are a factor of the relatively small number of collectors of Brazil coins and the fact that most of them don't see it as a coin worth slabbing.
The risk factor isn't about flipping the coin for a profit, either. Why pay $75 for a coin you could get for $15 plus slabbing fees with a bit of searching? Then you can buy another coin with the leftover cash.
I don't think the 1924 2000 reis is that scarce in gem condition.
I didn't say it was scarce. The one that sold looks like a nice example, and many people trust Greg's eye. Spending $75 for any nice coin is not unreasonable to me.
Why pay $75 for a coin you could get for $15 plus slabbing fees with a bit of searching? Then you can buy another coin with the leftover cash.
So, $15 + $20 in slabbing fees + the effort to pack up a submission + the effort to go searching for the coin. Sounds like a lot of work to save $40. Personally, I'd rather pay someone else to do that for me.
Yep, I have been known to bid on (okay stalk) the gmarguli auctions. He often sells 'common' coins that are uncommonly nice, that I would never find on my own. I'm paying for his eye and I have always been happy with the coins. I don't think the Krause really reflects a real gem quality coin either. I'm sure some would laugh at some of the prices I have paid for a $5 coin...
Cathy
I just saw the next post...I would have to defer to you on how many coins you have seen in that series. It may be the buyer is like me, and doesn't get to many shows. I know what I like to buy best are the French Territory coins (often aluminum) and though I've found some on my own, I just haven't found the nice coins he does.
I'm in the same position as Stork-don't get to many shows.
The coin shop I used to buy from closed after 50 years and yes, I depended on them for much of my collection.
Now, every time I see an item I want from an unknown (or slightly known) seller on the internet I freeze up; there's rarely a substitute for seeing the coin in hand, so it's worth $$ to buy from a known seller with a good eye.
You may occasionally regret your decision to have paid a little too much, but you got what you wanted and weren't left short of quality or grade for a few dollars-that's a real waste of time and money, leading to everlasting regret!
One of the penalties for refusing to participate in politics is that you end up being governed by inferiors. – Plato
<< <i>Sorry, guys, but I'll have to differ with both of you in this particular case. I think it's a great example of someone buying the plastic and not the coin.
This isn't about the price guide. I may be wrong, but I don't think the 1924 2000 reis is that scarce in gem condition -- at the last show I attended I saw at least half a dozen nice BU examples for sale of the same date. I would not be surprised if there are one or more original rolls out there somewhere. My guess is the low pops are a factor of the relatively small number of collectors of Brazil coins and the fact that most of them don't see it as a coin worth slabbing.
The risk factor isn't about flipping the coin for a profit, either. Why pay $75 for a coin you could get for $15 plus slabbing fees with a bit of searching? Then you can buy another coin with the leftover cash. >>
I am amazed that someone can tell others how to spend their money. Who appointed you? I personally believe that I can buy (if I have the money) anything that I wish and at anytime.
Partial Disclaimer: I know the seller personally and the seller sold some coins for me (mostly German) in these auctions. I am not the owner of the coins mentioned so far nor do I know who actually owned them. This seller has also sold coins for me in the past and will sell coins for me in the future.3Mark
<< <i>I am amazed that someone can tell others how to spend their money. Who appointed you? I personally believe that I can buy (if I have the money) anything that I wish and at anytime. 3Mark >>
Comments
Life member #369 of the Royal Canadian Numismatic Association
Member of Canadian Association of Token Collectors
Collector of:
Canadian coins and pre-confederation tokens
Darkside proof/mint sets dated 1960
My Ebay
Collecting:
Conder tokens
19th & 20th Century coins from Great Britain and the Realm
World Collection
British Collection
German States Collection
Edited to add, I was typing when JCM posted.
Joel 3:10
“The American people will never knowingly adopt Socialism. But under the name of ‘liberalism’ they will adopt every fragment of the Socialist program, until one day America will be a Socialist nation, without knowing how it happened.” -Socialist Party presidential candidate Norman Thomas
“We Are All Socialists Now" - Feb 16, 2009 cover of Newsweek Magazine
<< <i>Greg is a top-notch seller with alot of loyal buyers for his coins.
I was watching a couple of his 1960 dated pieces but forgot to bid. Greg has a great eye for the high grade stuff and / or color. He and JamminJ are both top notch.
Life member #369 of the Royal Canadian Numismatic Association
Member of Canadian Association of Token Collectors
Collector of:
Canadian coins and pre-confederation tokens
Darkside proof/mint sets dated 1960
My Ebay
I wouldn't consider spending $75 on anything "risky". Maybe the coin can't be flipped for a profit ... but it looks like someone bought a nice looking coin that they obviously found appealing. Oh ya, I was the underbidder.
As an example a Silver 1867 A 1/2 Groschen sold for over $150 Sunday night, Krause has it at $17 unc and $24 BU. I bid on that one but didn't win, but I do think long term it was a bargain for someone.
I bought that one. As others have stated, Greg is a good seller with a good eye. I am one of those collectors that doesn't need to follow a catalog to determine what to bid.
My World Coin Type Set
<< <i>That was an amazingly strong price for what I think is a relatively common coin, and a risky move by the buyer.
I wouldn't consider spending $75 on anything "risky". Maybe the coin can't be flipped for a profit ... but it looks like someone bought a nice looking coin that they obviously found appealing. Oh ya, I was the underbidder.
As an example a Silver 1867 A 1/2 Groschen sold for over $150 Sunday night, Krause has it at $17 unc and $24 BU. I bid on that one but didn't win, but I do think long term it was a bargain for someone.
I bought that one. As others have stated, Greg is a good seller with a good eye. I am one of those collectors that doesn't need to follow a catalog to determine what to bid. >>
Especially considering the fact that the vast majority of coins are in the $50-$150 category. That half groschen in PCGS MS67 is not at all common this nice, congrats Paul. I once had "made" an NGC MS68 one groschen, that was later also sold by Greg. I loved the Hesse Darmstadt pfennig NGC MS67RB too, the buyer of that will certainly be happy.
myEbay
DPOTD 3
This isn't about the price guide. I may be wrong, but I don't think the 1924 2000 reis is that scarce in gem condition -- at the last show I attended I saw at least half a dozen nice BU examples for sale of the same date. I would not be surprised if there are one or more original rolls out there somewhere. My guess is the low pops are a factor of the relatively small number of collectors of Brazil coins and the fact that most of them don't see it as a coin worth slabbing.
The risk factor isn't about flipping the coin for a profit, either. Why pay $75 for a coin you could get for $15 plus slabbing fees with a bit of searching? Then you can buy another coin with the leftover cash.
I didn't say it was scarce. The one that sold looks like a nice example, and many people trust Greg's eye. Spending $75 for any nice coin is not unreasonable to me.
Why pay $75 for a coin you could get for $15 plus slabbing fees with a bit of searching? Then you can buy another coin with the leftover cash.
So, $15 + $20 in slabbing fees + the effort to pack up a submission + the effort to go searching for the coin. Sounds like a lot of work to save $40. Personally, I'd rather pay someone else to do that for me.
My World Coin Type Set
Cathy
I just saw the next post...I would have to defer to you on how many coins you have seen in that series. It may be the buyer is like me, and doesn't get to many shows. I know what I like to buy best are the French Territory coins (often aluminum) and though I've found some on my own, I just haven't found the nice coins he does.
The coin shop I used to buy from closed after 50 years and yes, I depended on them for much of my collection.
Now, every time I see an item I want from an unknown (or slightly known) seller on the internet I freeze up; there's rarely a substitute for seeing the coin in hand, so it's worth $$ to buy from a known seller with a good eye.
You may occasionally regret your decision to have paid a little too much, but you got what you wanted and weren't left short of quality or grade for a few dollars-that's a real waste of time and money, leading to everlasting regret!
is that you end up being governed by inferiors. – Plato
<< <i>Sorry, guys, but I'll have to differ with both of you in this particular case. I think it's a great example of someone buying the plastic and not the coin.
This isn't about the price guide. I may be wrong, but I don't think the 1924 2000 reis is that scarce in gem condition -- at the last show I attended I saw at least half a dozen nice BU examples for sale of the same date. I would not be surprised if there are one or more original rolls out there somewhere. My guess is the low pops are a factor of the relatively small number of collectors of Brazil coins and the fact that most of them don't see it as a coin worth slabbing.
The risk factor isn't about flipping the coin for a profit, either. Why pay $75 for a coin you could get for $15 plus slabbing fees with a bit of searching? Then you can buy another coin with the leftover cash. >>
I am amazed that someone can tell others how to spend their money. Who appointed you? I personally believe that I can buy (if I have the money) anything that I wish and at anytime.
Partial Disclaimer: I know the seller personally and the seller sold some coins for me (mostly German) in these auctions. I am not the owner of the coins mentioned so far nor do I know who actually owned them. This seller has also sold coins for me in the past and will sell coins for me in the future.3Mark
<< <i>I am amazed that someone can tell others how to spend their money. Who appointed you? I personally believe that I can buy (if I have the money) anything that I wish and at anytime. 3Mark >>
Please, let's not turn another thread into this.
My wantlist & references
And, just think, if it slabs at higher than MS65, I'll probably pay more.
My World Coin Type Set
<< <i>So, has anyone picked up a raw 1924 Brazil 2000 Reis, sent it to PCGS, and had it grade MS65? I'm still willing to pay my underbid of $72.27.
And, just think, if it slabs at higher than MS65, I'll probably pay more. >>
I have one in an NGC slab that's MS65. As for PCGS, I might try that experiment at next month's Baltimore show just for kicks.
<< <i>They are easy to find in nice shape. I found a supplier who can obtain BU examples in bulk, and am considering seeing if I can make a 66. >>
if you do, please think of me first...since I'd be happy to buy it off you, thanks! (just PM me, and we'll work out the details)
<< <i>They are easy to find in nice shape. I found a supplier who can obtain BU examples in bulk, and am considering seeing if I can make a 66. >>
supplier or dealer?
I sense a bidding war.
My World Coin Type Set
My World Coin Type Set