2001 sacagawia -s why so expensive

Ebay

There is a couple listed on Ebay, 2000 P wounded eagle Sacagawea. I'll try to get a link. Here is an Ebay auction number 200357169238

 

Log in or Sign up to hide this ad.

It is the 200P "Wounded Eagle" variety. Listed as FS-901. Very difficult to find. There is only an estimated 300-500 of these assumed to be out there. Teletrade had one that went tonight for over $700. My bidding stopped at the first couple hundred. This is one of the big three Sacs that are out there. The other two are the Goodacre Presentation and the Cheerios Dollar. Here is a link to the Wounded Eagle one from tonight.... http://www.teletrade.com/coins/lot.asp?auction=2717&lot=2834&imagetype=j

 

Interesting. That one is priced at about $400, do they typically sell for a premium like that?

 

There are coins in 69 plastic that are better than coins in 70 plastic. It is not totally common but I bet a lot of forumites here could post coins side by side with no label and the consensus would be that the 69 is better.

 

Yes, as time goes on and more and more people are trying to put together PCGS registry sets, this is one of the coins that you need for the UNC Sac Variety set. I saw last nights WE got upwards around $700, but I just looked this morning and it looks as though it didn't sell. So what does that tell you..... that the seller wanted a ton of money for it. Wanted probably close to $1000 or maybe more. I think high grade ones are very difficult to find and the one on teletrade was a MS65 I believe. I don't have the the pop report, but I bet there are not many above this.

 

Which Cherry? I've got the 6th edition and it's not in there.

OOPS.....wrong book. I grabed the ANA grading guide by mistake. Need another cup of coffee........

 

I can see how the registry set would drive the price up. In my eyes, it's not a real impressive variety but there are collectors out there who need it. So, I guess it makes sense.

 

Probably a lot of the graders can't as well. A large number of the 70's, if cracked and sent back in probably would not get 70's again.

 

I doubt it. Consider the OP, regarding the high price of 2001-s sack. Why is the mint to blame for that ?

 

Who is doing the exploiting ? In your opinion, does the mint have a part in PR70 exploitation ?

 

I'm certainly agreed on one thing - I have no interest in "First Strike" / "Early Release" coins.

But who is doing the exploiting ? There's a demand for them, so people sell 'em. What the heck.

I think it's silly, but hey - some people think spending $50 on a Lincoln 1c is silly.

 

People find these these minuscule minting errors or varieties and convince the TPGs, especially PCGS, to attribute and slab them. Now in order to have a "complete" set, you must have that one coin. So now you have thousands of people looking for a coin where there may only be a few hundred or less found and identified. Because of this, demand is created and it pushes the prices up, all because a TPG said that you had to have this coin to have a complete set. It is crazy...but I am one of those fools. :desk:

Here is what I have been told by the PCGS reps at the Central States Show....if it is in Cherrypickers, they will slab it as such. I have also heard that once CONECA identifies an error or variety, PCGS will slab it as such as well but I think that is not always the case. And you are right Richie, it is not really an impressive error, but it is in Cherrypickers. They call it the Speared Eagle, but I have always heard it referred to as the Wounded Eagle. Both names would be correct.

 

And like I stated earlier, the dealers got caught with their pants down on this one. Nobody's got 'em. They're in the hands of collectors....

 

I know this thread is 9 months old but I still dont see how the raw o1s is so much higher in price guides.
I'm not speaking of top pop coins here...just buy a set and there it is coin.

 

It all boils down to NGR, No Good Reason.

 

NGR...oh now it makes sence