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What am I missing with this eBay auction?

PatchesPatches Posts: 1,700 ✭✭✭
Isn't this coin 1937-D Lincon Cent worth around 50 cents? Sorry if this is a board member here, I just don't get the "extra strength" power of this plastic.

Comments

  • DNADaveDNADave Posts: 7,299 ✭✭✭✭✭


    << <i>Isn't this coin 1937-D Lincon Cent worth around 50 cents? Sorry if this is a board member here, I just don't get the "extra strength" power of this plastic. >>



    Registry madness for the Everyman Sets?
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭
    What you're apparently missing is that the seller has an unrealistically high minimum bid for the item, just as he does for a number of other coins he is trying to sell. No one has bid on it. It might not have anything to do with the "plastic".
  • CoinCrazyPACoinCrazyPA Posts: 2,899 ✭✭✭✭
    It appears to be, look at the links he provides to other AU-58's. Amazing!

    I did not see your post before replying.
    Positive BST transactions: agentjim007, cohodk, CharlieC, Chrischampeon, DRG, 3 x delistamps, djdilliodon, gmherps13, jmski52, Meltdown, Mesquite, 2 x nibanny, themaster, 2 x segoja, Timbuk3, ve3rules, jom, Blackhawk, hchcoin, Relaxn, pitboss, blu62vette, Jfoot13, Jinx86, jfoot13,Ronb

    Successful Trades: Swampboy,
  • I guess you only have to "convince" one bidder its rare.
  • DNADaveDNADave Posts: 7,299 ✭✭✭✭✭
    With the Everyman Registry, you need 58's to have the top set. I'm sure enough sheeple want the top set by buying them instead of making them. He's sold a few. image
  • JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    Yes, you are missing the registry madness.
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>With the Everyman Registry, you need 58's to have the top set. I'm sure enough sheeple want the top set by buying them instead of making them. He's sold a few. image >>

    But he has other coins of different grades, listed, which also seem way too high.
  • ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭


    << <i>Isn't this coin 1937-D Lincon Cent worth around 50 cents? Sorry if this is a board member here, I just don't get the "extra strength" power of this plastic. >>



    After careful consideration, I have decided not to purchase this item.
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>

    << <i>Isn't this coin 1937-D Lincon Cent worth around 50 cents? Sorry if this is a board member here, I just don't get the "extra strength" power of this plastic. >>



    After careful consideration, I have decided not to purchase this item. >>


    Smart move. With some patience, you should be able to find a stickered example.
  • TomBTomB Posts: 21,939 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Isn't this coin 1937-D Lincon Cent worth around 50 cents? Sorry if this is a board member here, I just don't get the "extra strength" power of this plastic. >>



    After careful consideration, I have decided not to purchase this item. >>


    Smart move. With some patience, you should be able to find a stickered example. >>



    Just make certain that a stickered example is not an AU58+ because I wouldn't want to chance having the coin disqualified from the Everyman Registry.
    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>Isn't this coin 1937-D Lincon Cent worth around 50 cents? Sorry if this is a board member here, I just don't get the "extra strength" power of this plastic. >>



    After careful consideration, I have decided not to purchase this item. >>


    Smart move. With some patience, you should be able to find a stickered example. >>



    Just make certain that a stickered example is not an AU58+ because I wouldn't want to chance having the coin disqualified from the Everyman Registry. >>


    Yes, that would be tragic.
  • DRUNNERDRUNNER Posts: 3,889 ✭✭✭✭✭
    The Registry fuels this. It is a 4-6 cent coin, but if someone is going after a spot on a Registry (does anyone care about circ Lincolns????), then this becomes a $25 coin, if you include the cert. fees.

    David Hall needs to make sure that whomever came up with the Registry idea gets an annual bonus (in perpetuity) that exceeds any other CEO bonus in this nation. It is a great concept, and, with the advent of the 'Everyman' sets, this continued certification of junk-bowl coinage will fuel a collecting fervor like nothing we have ever seen. It is a tribute to the certification market strategy that is absolutely brilliant in its concept.

    Drunner
  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭
    Boy, buy an Unc. roll of those wear'em down to AU58....and presto.....you got 10K! imageimage
  • LotsoLuckLotsoLuck Posts: 3,786 ✭✭✭
    And....you can always price it as you feel, and we can scoff image
  • dohdoh Posts: 6,457 ✭✭✭
    "Extremely rare" image What a joke.
    Positive BST transactions with: too many names to list! 36 at last count.
  • ambro51ambro51 Posts: 13,923 ✭✭✭✭✭
    As the owner of the "All time finest" everyman gold dollar set....I like the concept but you REALLY have to put it to work in the right series. Now, an AU gold dollar, no matter what year of mint, is a fairly expensive coin, which can get absurd in MS65...for no really good reason. So, with the gold dollars, theres a lot of value to be had with this set.

    BUT....common date Lincolns? pennies? Well...thats just a fools ride, sorry PCGS.
  • CoppercolorCoppercolor Posts: 1,475 ✭✭✭
    That must explain all the MS62, MS63 and MS64RB common date lincolns on Teletrade lately. I literally could not figure out who the heck was submitting these coins and why.

    ..... now I get it

    I'd like my copper well done please!
  • mrpotatoheaddmrpotatoheadd Posts: 7,576 ✭✭✭


    << <i>It is a tribute to the certification market strategy that is absolutely brilliant in its concept. >>

    Don't know for sure about that, but it's definitely a tribute to *something*.
  • PatchesPatches Posts: 1,700 ✭✭✭
    I've never actually written a seller asking why they're pricing something as they are, but I just was very curious on this one. I give him credit for at least trying to explain his side of the story...but it still boggles my mind why anyone would think of playing this game:

    I wrote:

    "Dear layzpoet,

    A person could buy a PCGS MS-66 1937-D Lincoln Cent for around $25.00. How does this Everyman set make collecting fun and affordable at $199 for an AU-58?"

    His reply:

    "Dear morgans63,

    That isn't a hard question to answer, at all. Compare the highest Everyman grade to the highest MS grade. The highest coins I have in the everyman set are $200.00. What's the highest priced MS-67 from 1934 through 1958? It's in the thousands of dollars per coin, not $200.00. I'd venture to say that you and me added together with 10 more like us couldn't afford to buy a set of Lincoln wheaties in MS-67, but any of us could likely afford to put together a set in AU-58.
    I'm sorry you don't like the prices of these, but quite honestly, if no one paid those prices, I wouldn't try to get that much for them. But if the price was $25 per coin, then no one would ever have one because they couldn't afford the certification fees.
    I'll tell you what: you pick out 10 coins you think will grade AU-58 at PCGS. Send them in and see how many 58s you get back. I don't think you realise how minute the differences are between a nice AU58 and a typical MS-62. It's negligible. Send in 20 coins and get 4 AU58s back, and I think you'll understand the pricing structure a little better.
    Best wishes,
    ******

    - layzpoet"
  • ambro51ambro51 Posts: 13,923 ✭✭✭✭✭
    ...he DOES have a valid point regarding AU58.
  • Everyman & Lowball = artificially high prices for low grade peices.
  • garrynotgarrynot Posts: 1,874 ✭✭✭
    So are we going to have an "Everyman" registry set in every grade now? image

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