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Old 04-25-2007, 07:44 PM   #1 (permalink)
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Join Date: Apr 2007
Posts: 2
Washington Errors

Just do a a completed listing search on ebay with the keywords of "washington dollar edge ngc" and you will see in the past 3 weeks 961 have been sold. Now do an advanced search with listings that only include this seller "instantauctions" and you will see that they sold 486 of these 961 NGC graded Washington edge errors, so in other words they have major control of the market for these coins. They've been doing some massive dumping and when they are finished is when I expect prices to take off. If their hoard had fallen in the hands of many indivduals then I can almost guarantee that the supply on ebay would have been about 60% of what it has been in terms of ngc graded coins since many who only found a few of these would probably have decided to just hang on to them, but here we have instantauctions who must have thousands of these cashing out and raking in the dough which in a way I would probably do the same. Once again, you take this dumping away and if the supply on ebay had only been 60% of what it has been in the past 3 weeks I think prices would have been close to double of what they are today. These coins are great because what kind of risk are you looking at now with 64's selling for $100. I mean anyone can buy one of these and I'm sure if they dropped down to $60 they wouldn't lose sleep over it which is why I think we have found the bottom on these coins.
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