Heritage is notorious for getting inflated prices for over graded CC's with some nice toning and tagged with a CAC bean, based on what auctions I have watched, and this one sold at Orlando which is well attended and has high bidder history. The other factor that drives this price is that it is in a PCGS Holder. For those reason's , I'll say the coin sold for $ 430.00 :rollling::scratch:
I didn't really know there were different CAC's stickers... anyway,, it's the green one, with "CAC" on it. High resolution magnified pics of morgan's tend to show way more nics and rubs that is visible in hand, at least that's my experience..... that said, the CC bump is always in play also,,,, one of the reason's I got this one is that the CAC sticker was suppose to gel the grade,,, you can be the judge. To me this one is a 64, or 63 w.CAC... dunno about 64 w.CAC, to me the CAC sticker is suppose to say it's 64+ or 65-, which I don't see in this one,,, even in hand. The toning is nicer in hand, and this is one I'm happy with,,, so far the forum has posted above and below the actual,,, have fun !,, will post $ tomorrow a.m.'ish, or early afternoon.
btw,,, I'm including buyer premium in the price,, so if you've bid pre-premium, please re-evaluate your bid and pony up another bid...... .... I'm pretty sure the name of the game is price "all inclusive" (premium, shipping, etc...)
Being late in the game, I think it only fair that the poster not include the exact auction from whence it came. It's to simple for one to look up the coin in the archives and retrieve the actual price paid. That defeats the purpose of the thread I think. It's not like there were 20 1883 CC's with a CAC sticker in PCGS MS64 . In the orlando sale with this toning.
Bully, This is one of the things I ranted about early on. I don't think BP, shipping, insurance, etc. should be included in the price of the coin. The BP has nothing to do with your bid for a coin, and it certainly doesn't go to the seller. Some eBay sellers give free shipping while others charge a flat rate price and then send it in a bubble mailer for a buck-fifty. Are we supposed to make guesses for all of these variables? That's absurd! Chris
Chris, Every collector I know incorporates the buyer premium into their bids. It is unrealistic to think that you would not include it for the purposes of this thread.
What I pay for my coins includes tax, shipping, premiums, and everything else I might have to pay. I don't care what the bid is, per se, but the total out of my pocket that counts.
I'm sticking to my guns here cmp9ball... I place my bid to include any shipping, handling, etc. in the price of the "coin"... If a coin that I value at $20 is listed on ebay, or heritage, or where ever,, then I bid $20-shipping, etc.... now that bid may be $2 if the shipping is $18... but the price I paid to get the coin into my hand is $20... that's the game here, and I think it's appropriate. No one's getting closer than "au and ms coins",, I paid $322 for the coin, all inclusive. Your up au and ms coins !! let's see one of those au toners !
Agreed. When I list coins I win on Heritage - I split shipping to each coin or onto the coin purchased. Local coin shop I include sales tax when I list those coins. When selling a coin my profit or loss is determined off that total.
With all due respect to everyone concerned, Paul didn't specify those requirements when he started this game. He did ask that participants refrain from just giving a "multiple of wholesale". If this is to be a learning tool to help others arrive at a premium they would pay for a toner, don't you think the other factors are incidentals that really do not reflect on the actual value of the coin? Whether anyone chooses to add those costs into their "bidding formula" is irrelevant unless you specify the actual dollar amount attributed to those costs so that a person trying to learn how to establish a value just for the coin can understand the reasoning. Chris
Lemme ask you a question Chris, say you sold some coins. At the end of the year you have to claim those sales on your tax return. Do you claim your basis is what you bid on the coin or what the coin actually cost you ? Bear in mind that actual cost even by IRS rules basis includes shipping, tax, insurance etc. Or when you buy a car, is the cost of that car just the sticker price or does it not include tax, delivery fee, dealer prep fee, tags, etc etc ? For purposes of this thread or any other the cost of a coin is the total cost and always has been.
Doug, I think everyone is missing my point. The BP, insurance and sales tax (if any) are all charges based on the sale price. Shipping is a fixed charge. What is the sale price? Isn't this the cost of the coin, and the addition of all of the other items the true cost of the transaction? Chris
Most of us , now I know not all, consider the Sale price inclusive of all the add on charges. When one goes to sell a given coin, they are going to include these cost's in their sale price, almost assuredly . No more nit picking, please. Lets get on with getting edge e mucated ! Whose on first ?