This flip didn't go well for this person. They paid $20,250 in 2025 and sold it for $11,000+ in 2026

Discussion in 'US Coins Forum' started by FrankNYC, Sep 4, 2026 at 8:02 PM.

  1. FrankNYC

    FrankNYC Active Member

  2. Avatar

    Guest User Guest



    to hide this ad.
  3. ksparrow

    ksparrow Coin Hoarder Supporter

    Looks like the buyer in the GC auction overpaid. And I think a lot was forgiven by the graders for that scratch on the head.
     
    Mr.Q and SensibleSal66 like this.
  4. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    Someone's going to be sleeping on the couch. :smuggrin:
    Bad investment planning I guess. What's the old gal valued at anyways?
     
    Mr.Q and capthank like this.
  5. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    Maybe it gives the old gal some character?? But certainly not MS62. :facepalm:
     
    Mr.Q, capthank and ksparrow like this.
  6. Mr.Q

    Mr.Q Well-Known Member

    "Stupid is what stupid does" Duh...
     
    SensibleSal66 likes this.
  7. johnmilton

    johnmilton Well-Known Member

    It’s one of those AU-58 coins that was graded MS-62. The big scratch made it less than choice.

    This breaks the myths that all coins bought from Great Collections and Stacks-Bowers can be sold for more at Heritage.
     
    capthank and SensibleSal66 like this.
  8. Corleone189

    Corleone189 Member

    Oof. Shed half it's value. That is rough.
     
    dwhiz likes this.
  9. lordmarcovan

    lordmarcovan Eclectic numismatist Moderator

    Ouch. Lovely early gold coin, though.
     
    dwhiz likes this.
  10. Tall Paul

    Tall Paul Supporter! Supporter

    Actually the auction established its value.
     
    ksparrow likes this.
  11. johnmilton

    johnmilton Well-Known Member

    This one is graded AU-55. It's the same type. The OP coin has a lot of scruffy mint surface left on it. This one has some general wear. I guess it's a matter of taste.

    1811$5O.JPG 1811$5R.JPG
     
  12. KBBPLL

    KBBPLL Well-Known Member

    Not a smart flipper, if that’s what the intent actually was. On GC the minimum bid was $18k and they were the only bidder. They paid the full 12.5% bp instead of echeck which would have saved them $450. 13 bidders on HA determined what it’s really worth.
     
    Mr.Q and RonSanderson like this.
  13. FrankNYC

    FrankNYC Active Member

    This one is my coin. Same grade--MS62, PCGS. I was curious about the GC to Heritage coin because it would have given me an idea of what my coin is worth (I paid closer to the Heritage hammer price for mine). 1808.obv.jpg rev.1808.jpg
     
    Mr.Q and ksparrow like this.
  14. KBBPLL

    KBBPLL Well-Known Member

    If you look at the GC archive they paid about $5k more than any other MS62. Buy high, sell low.
     

Share This Page