A safe gamble?

Discussion in 'US Coins Forum' started by Evorlor, Jun 29, 2010.

  1. Treashunt

    Treashunt The Other Frank

    evorlor

    I do believe that "safe bet" is an oxymoron.
     
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  3. mblackwolf

    mblackwolf Junior Member

    i agree as well doesnt seem worth the money. it is mainly for new collectors who dont know what they are doing yet and they get them on the fact they think they could win big. I bought one to fill my album and that about it because there arn't any dealers in my area. The money definately inst worth it if all you are doing is hoping to strike gold
     
  4. Evorlor

    Evorlor Member

    I don't mind buying lots to search for what I want, because what I don't use I can sell back for about a 10% loss. However, on this one, after seeing all of your posts, it appears I will be taking closer to a 55% loss.

    Lesson learned....I hope.


    :hatch:
     
  5. panda

    panda Junior Member

    at least it's only a $36. and you will at least get some things you could use for your collection.

    also i would love to find someone who would pay more then $5 for a silver washington! $11 and $20 are not realistic prices for non key date silver quarters.
     
  6. Evorlor

    Evorlor Member

    I agree with you, but here is a 1946 MS66 BU (not professionally graded) that sold for $10.75.

    The intersting thing is thought, ALL of his coins are "graded" MS-66 BU or MS+++ (not professionally).

    http://cgi.ebay.com/1946-P-WASHINGT...em&pt=Coins_US_Individual&hash=item19bd514795

    Point being, you wanted to find someone, there they are! So Mr. Orange, you may want to ask him if he wants to buy your quarter! If he doesn't, it will be tough to get $11 out of it.
     
  7. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Don't fret too much about it. You're in good company. Hardly a week goes by that someone doesn't post here.............

    I just bought this! Did I get a good deal? What would it grade? What is it worth?

    ..........when all they had to do was ask someone here about it, first.

    Chris
     
  8. Evorlor

    Evorlor Member

    Thanks. Next time I consider making a purchase that I do not know about, I will ask first.
     
  9. slamster17

    slamster17 Junior Member

    I always think about buying one of these lots, but I just can't justify spending $30+ on a bunch of cents that I already have sitting in my room on the floor in a bag. Maybe I should start selling "unsearched" lots of wheaties....hmmm
     
  10. fyha

    fyha Junior Member

  11. Evorlor

    Evorlor Member

  12. Evorlor

    Evorlor Member

  13. krispy

    krispy krispy

    So does this also double as the source of the free coins you like to give away over here: Free coin Give-away! :smile
     
  14. Evorlor

    Evorlor Member


    OFF TOPIC:

    I am beating you on posts for the day, krispy! :p

    My first 1st place! :)
     
  15. slamster17

    slamster17 Junior Member

    I must have at least 300 wheaties lying around, all the ones I picked through that I have accumulated since I was a kid and my parents/their friends would save them for me. I could just roll them up until I'm out? I wouldn't sell them though I don't think.

    What about the shotgun rolls with IH, mercs, barbers, on the ends? Just as bad?
     
  16. mblackwolf

    mblackwolf Junior Member

    i would say so how many times have you rolled coins and put dimes on the ends? i think it is mainly a ploy to get people to buy them. They take their junk wheaties and roll them and but things that "could" be a key date at the end to get a premium for the rolls. Like a 1916-D(?) merc on the end. Lots of people fall for it too.
     
  17. Evorlor

    Evorlor Member

    Something to look at:

    http://cgi.ebay.com/1000-Unsearched...em&pt=Coins_US_Individual&hash=item3a54fe0fcb

    Works out about $3.50/roll. They resell for about double that. So the math...

    $7/roll
    $3.50 profit minus
    9% ebay fees
    $2.80 profit minus
    $1.10 (about) listing fee
    $1.70 profit minus
    .50 PayPal fee (about)
    $1.20 profit minus
    $4.95 flatrate small box usps shipping
    $3.75 loss
    x 20 rolls

    So if you buy these on ebay, and sell them for TWICE as much, you lose a grand total of $70. interesting....didnt expect the math to work out like that
     
  18. krispy

    krispy krispy


    Screaming you are young Jedi!

    ...and who are you to declare to us what is or isn't "Off topic"? You're too green to be green if you get what I mean.

    Besides, it's a legitimate question and this isn't a race for post counts as you too should learn. :rolleyes:
     
  19. Evorlor

    Evorlor Member

    Wasn't racing. :) Had just noticed it and was proud of myself so I decided to share. Sorry about yelling! :p
     
  20. krispy

    krispy krispy

    NP. :) Some folks get hung up on post counts ya' know... I do post a lot but I can't do anything with the post count to better anything so it's meaningless.
     
  21. Orange Gold

    Orange Gold Junior Member

    We will see... I know Im giving away more then one coin next week.. thinking about offering my toned wheat cent.. but we'll see.. also the odds of winning next week will be easier.. this week was 1 in 83... next week will be a bit easier.
     
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