Two Epic Cherrypicks off of Great Collections.

I'm back at it again with two more GC picks!

Coin #1:
1962 25C United States PCGS MS65
Price Guide = $26
My Cost w/out Shipping: $5.50 ($10.50 with BP)



Coin #2:
2012-P S10C Australia Silver Koala PCGS SP69 First Strike
Price Guide = There is no price guide for this coin but based upon eBay sales it sells for around $25.
My Cost w/out Shipping: $5 ($10 with BP)



So shipping is $4 plus .50 a coin, so...
5.50+5+5+5+4+.50+.50=25.5
$25.5 total including shipping and all, so I kinda paid price guide for the Koala and 50 cents for the quarter worth 90 in a way

 

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WHAT IS GREAT COLLECTIONS? I HAVE NOT HEARD OF IT!

 

Whoever sent the quarter in sure took it in the shorts.

 

Darn, I messed up the pg on quarter, its 26. But still got $51 of coins for 25

 

an auction company

 

I've been picking up a few items from Great Collections recently.
Winning bid plus Buyer's Fee and S&H all together below greysheet.
Works for me.

 

$51???

Have you sold any of your coins yet?

 

haha me too!

 

On GC?

 

Anywhere. Some collectors never try to sell a coin and can have unrealistic expectations as to their values.

I'm not saying this is the case here but I know that I would have next to zero customers for that quarter. I through many just like that into melt.

 

I have not began selling yet. But I may soon. I based the price for the quarter from PCGS CoinFacts PG and the Koala 10C off past sales (not my sales but others past sales.

 

Epic cherrypicks? First of all, a cherry pick is when you notice something the seller doesn't. A rare variety, hidden mint mark, etc. These are not cherry picks, just good buys. And EPIC? I can buy these 2 coins on ebay right now for $42. You saved under $17. Epic? No. Good deal? Sure.

 

Two things.
1. A cherrypick is a subjective matter. Many refer to it as high grade picks or variety. I usually actually just call these "snipes" and variety ones "cherrypicks" however for some reason I didn't this time (probably because I posted in a rush before I went to bed).

2. As stated before, I messed the price guide up, I bought it thinking it was a $90 coin but it ended up not to be, once again either an error in attention to detail or I was flat out tired, probably both.

 

Big time. Barely got melt after the fees.

 

Yeah but their other auctions make up for it. Thats one thing I like with GC, theres hundreds of coins being sold in each auction so so many great snipes for under price guide are out there every time.

 

Here are some crops I made. Not great, still learning. Currently on free Adobe Photoshop CC trial and I'm gonna eventually buy it.

 

Just as a friendly FYI... you can rotate the image (coin) for proper orientation, but I'm sure you'll get the hang of it.

That said, I agree with Mr. Witten in regards to the use of "cherrypick", and believe you would be wise to take Mr. Setree's advice to heart.

 

If the two coins you won are coins you are planning on adding to your collection then you got a good buy on them. Always collect what you like and if the price is wholesale or below you're a winner. If you bought them just because they where below the price guide and you don't collect either coin, then you really didn't get a good buy, they're going to be, especially thee quarter, a tough sell.

 

For a price guide, I NEVER use PCGS or NGC, and I only use Numismedia in a pinch. All 3 seem to be way over realistic pricing, IMO.

I've been using coinsociety's price guide, which is ebay based for graded coins. I find it to be more realistic, but I still try and cut back 20-40% from what they a coin is worth. It currently says the 1962 25¢ in a PCGS holder at MS-65 should be bought for about $24.30, down to $14.36 in NGC, and $8.50 in ANACS. (PCGS is not always the most expensive).

I'm not a dealer, so I don't have access to greysheet. My LCS gave me a copy of the Washington 25¢ greysheet page a couple of months ago, and I wasn't able to find prices even remotely close to what it said I should pay. It probably works great for a coin dealer buying from someone who walks in/contacts them to sell, but as much as I hate it, I'm a retail buyer trying to buy at wholesale. So I do the best I can.

GC is a great place to get stuff way below what the same would sell elsewhere for. I've picked up quite a few pieces the last few weeks, and have been completely happy in every way.

 

It looks like you paid a fair price for both. The quarter looks nice. However, if you look at the Koala closely, it appears to be stained on both sides (the yellow above the Koala and to the right of the Queen) and shows some milk spots. The 1/10 Koalas are cool coins and do sell for $10-$20, but spotting can really hurt the value so make sure to look carefully before bidding in the future.