3200.00 for a roosevelt dime blank (ms-62) you can get them for about 10-20.00 raw, this guy wants 3200.00 for one in a pcgs slab?? why dear gods, why??? https://www.ebay.com/itm/3522054336...8FloFIeGIyHHM6Qq9zDsgWo64M4rGQ2kaAqtHEALw_wcB
All his other listings are ludicrous! He has more than 1 Dime Blank These are totally overpriced This is just sad.. No cancelled coin should have any kind of premium And..NONE OF THEM ARE RARE!
i know, right?? how about the misprinted bill for 16,000.00..like really what the?? but i also see this ( and i am talking normal dealers not smokin wacky tobacky) on ikes and half dollars, i get clips for 5.00 to 25.00 they want hundreds for same coin in a coffin?? now do not get me wrong, if i can get a deal, i will buy a tpg coin, but i am darned (& tootin) if i am gonna pay 4 times the price for the privilege....
Just like merchandise in your store, you can put a price on it, but it doesn't mean you'll get it. Seller's like this are just hoping for a sucker with more money than they know what to do with.
well, 800+ some suckers did buy from him, all you can see are stamps, all the sold coins are "private" listings..i went back pretty far did not see any coins sold...
I could almost guarantee you he didn't quote that much to the TPG when he had to buy insurance and shipping value for return after grading. Jim
doesn't pcgs charge a commision on top of the grading fees as well, say if a coin is worth 1000.00 another 3% for the grading on top of the 75.00 per slab??
Would a "deal" like this one make you prefer slabbed coins? https://www.etsy.com/listing/1132321163/1952-pennyrare
etsy is just the bastard child of you tube get rich with pocket change videos, i am talking about legit errors, and sometimes fairly common ones, say like a 10% clipped ms-63 lincoln cent, i can get for about 4-8.00, but on heritage, in a pcgs holder, first of all 29.00 base price for buying fee (even on a 1.00 coin) they go for about 45.00
But the issue is still the same. People will ask what they want to ask, and the market decides whether their price is acceptable. And on many marketplaces, there's little or no penalty in having an overpriced object sit there indefinitely. I freely admit that I don't have the least idea of the market value of most error coins, but that $4-8 coin which sold for $45.00 plus buyer's fee? The seller may well have lost money on it. ($22 to slab, $25 seller's premium). So I think you are seeing the result of two market failures. The first is that with errors, no one even pretends there's a nice consistent price guide. The second is that slabbing low value coins (errors or no) rarely makes sense unless you can market them well enough to obtain a huge markup. (Think Mike Mezack). I once paid $35 to have a $15 coin not only slabbed, but conserved by NCS. But that's because the coin had sentimental value to me. Slab or not, it's still worth $15.
Etsy recently purchased reverb.com. Did not take long for rules to change and funny business to begin there.
i made offers on 4 coins, from 10.00 to 20.00 all except one denied automatically, one went through, he countered taking 50.00 off with 2200.00, lol
fishing for suckers is what this is called and yeah people fall for this bad thing is it's a very pricey lesson to learn
