Teletrade has some fun Kennedy action tonight.

Russ · August 14, 2002 11:06AM

Accented Hair NGC PR69 Ultra Cam, currently at $7200

1965 SMS PCGS MS67DCAM, currently at $6600.

I can't believe they didn't scan either of these coins. If I were the consigner, I'd be one pissed off dude.

Russ, NCNE

Placid · August 14, 2002 11:18AM

Those prices seem crazy to me.

gmarguli · August 14, 2002 11:21AM

Thankfully TeleTrash couldn't put a picture. I guess spending 30 seconds scanning them is too much work.

Russ · August 14, 2002 11:25AM

Placid,

The price on the Accented Hair is whacked, but the SMS coin is not yet even up to what the last one sold for on eBay.

Russ, NCNE

Russ · August 15, 2002 1:52AM

Amazing. Both these coins ended up not sold. Unless they have some other buyer lined up, these owners just might end up regretting their greed. These were strong prices, particularly the NGC piece.

Russ, NCNE

Russ · August 15, 2002 2:00AM

PS: While all those rich dudes were fighting over these two coins, I managed to sneak in between them and pick off a 1970 in PR68DCAM for $50.

Russ, NCNE

pontiacinf · August 15, 2002 2:02AM

i wouldve like to have seen the accent. Im glad Russ got me collecting unopened 64 sets...I came across a nice suprise last night...Ive had a bag of franklin/kenn bugging me for ages....until I thought to check for accents last nite...outta 43 of them, I found 2 accents, no cam not even ms maybe au.

but im sure seeing as Ive just started, not bad.

Dog97 · August 15, 2002 2:02AM

That's how TeleTrade rips people off. They use "currently at" to make it to make it sound like buyers have actually bid it up that high and all you have to do is place just 1 bid and it's all yours! When in reality that is the opening bid and actually all the bidders are stating away.
If they list a coin that expensive without a picture it must really be a dog. An ugly dog. WOOF WOOF!! (hear it?)

Russ · August 15, 2002 2:06AM

<< <i>outta 43 of them, I found 2 accents, no cam not even ms maybe au. >>

Bill,

MS? If it's an AH, it would be PR.

Dog,

Both of these started much lower then they ended, so those weren't opening bids.

Russ, NCNE

Dog97 · August 15, 2002 2:36AM

OK. I've never placed a shill I mean buy back bid and wasn't sure. Back in the old days they deleted unsold items from your tracking page and it didn't say not sold.
Teletrade still rips people off.

Russ · August 15, 2002 2:40AM

Dog,

They still do delete unsold items from the tracking page. But, I keep the direct link for big ones like these just so I can see what happened. Last week there were a couple 70DCAMs up that were also "not sold".

There is an old saying in the stock market that I think applies here. Bulls make money, bears make money, but pigs get slaughtered.

Russ, NCNE

Placid · August 15, 2002 2:48AM

Niether one of those are listed on the Prices Realized page for Wed Aug 14 unless I am just blind.
Does that mean neither was sold? If not then why?

Monstavet · August 15, 2002 2:53AM

Way too much to pay for an NGC-slabbed Kennedy. The chances of crossover on either the grade or the DCAM are minimal. If you spend $6000 and end up with a 67CAM, you might be unhappy...

Russ · August 15, 2002 2:59AM

<< <i>If you spend $6000 and end up with a 67CAM, you might be unhappy... >>

Exactly my thought. That's why I think the owner is a pig waiting to get slaughtered. He should have taken the money and ran.

Russ, NCNE

PhillyJoe · August 15, 2002 3:40AM

Last night's "seller" for the NGC PR69 U/C Kennedy AH (pop. 1 coin) purchased it from Teletrade on 09/24/01 for $5,400. + the goodies. I was wondering if he would recover his cost; looks like he would have cleared about a grand. Look for it again in another auction.

Joe

braddick · August 15, 2002 3:42AM

<< <i>That's how TeleTrade rips people off. They use "currently at" to make it to make it sound like buyers have actually bid it up that high and all you have to do is place just 1 bid and it's all yours! When in reality that is the opening bid and actually all the bidders are stating away. If they list a coin that expensive without a picture it must really be a dog. An ugly dog. WOOF WOOF!! (hear it?) >>

It's hard to imagine a PCGS PR69DCAM AH Kennedy looking bad, but I guess it could happen?

Russ · August 15, 2002 3:42AM

That would have been a tidy return on investment. I don't understand why he didn't take it.

Russ, NCNE

Russ · August 15, 2002 3:45AM

<< <i>It's hard to imagine a PCGS PR69DCAM AH Kennedy looking bad, but I guess it could happen? >>

It's hard to imagine one, period.

Russ, NCNE

braddick · August 15, 2002 3:53AM

Russ, I can. I just take your "1955" "Kennedy" and add a bit more frost.

pontiacinf · August 15, 2002 3:59AM

lol i was looking to see if you paid attention to my kennedy posts or if your ignoring em...

got my answer

hey i will share russ...

Dog97 · August 15, 2002 6:37AM

< It's hard to imagine a PCGS PR69DCAM AH Kennedy looking bad, but I guess it could happen? >>
Haven't you seen some Proof 69s posted here? With a big fingerprint right in the middle of the obv field. Or so much die polish it looks like it had a brillo pad on it. Or with white waterspots all over it. Or as hazy as the LA air Braddick breaths.
It's in TeleTrade's best interest to market the coin in the manner which brings the highest bid. They get almost 20% of the highest bid so why do you think they are selling it SIGHT UNSEEN?

Bear · August 15, 2002 6:41AM

Braddick - I think that the 1955 Kennedy half you made reference to, would be very valuable. Sort of a coin ahead of its time. I would like two of them please for my set. Bear

gmarguli · August 15, 2002 6:53AM

Way too much to pay for an NGC-slabbed Kennedy. The chances of crossover on either the grade or the DCAM are minimal.

Kind of a strong statement considering you didn't even see a scan of the coin. Recently I've found NGC to be every bit as tough on CAM/DCAM as PCGS.

Bear · August 15, 2002 7:00AM

The problem with NGC and PCGS is that the grading tends to change over a 6-12 month period. This makes it very hard to make a blanket statement on either service. It really goes back to evaluating each and every coin on its specific merits and overall appearance. Bear

supercoin · August 15, 2002 7:40AM

Last I knew (it's been a while), and if I remember correctly -- if you sell a coin on Teletrade with a reserve, it will "rise" to that price throughout the day even if nobody bids. You don't need an underbidder like with eBay.

So it could rise to the reserve, some guy comes along and hits it once, it's his.

Russ · August 15, 2002 7:59AM

Since I'm now certain of who the owner of the NGC Accented Hair coin was at one point, (or at least the one who was trying to sell it - perhaps for another owner), the $7200 is about half what was being asked in the past.

Russ, NCNE

Teletrade has some fun Kennedy action tonight.

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