I find this funny

Discussion in 'US Coins Forum' started by Wingnut6999, Sep 14, 2018.

  1. Wingnut6999

    Wingnut6999 Currency loving custodian

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  3. Collecting Nut

    Collecting Nut Borderline Hoarder

    That is funny and cheap. A 2 x 2 flip costs about two cents.
     
  4. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    I don't see what's funny here. I see a guy selling an 1853 O Arrows and Rays Half that grades G, and appears to be original. The selling price is $45, and the value on the NGC price guide says $60. So, he's selling a nice coin at a fair price.

    What am I missing?
     
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  5. The 2x2 shows the price he paid because he was too lazy to replace the 2x2. It just shows the huge profit margin the seller is trying to achieve. I usually pass by sellers who do this.
     
    alk1129, paddyman98 and Wingnut6999 like this.
  6. kanga

    kanga 60 Year Collector

    Yeh, with "UNITED STATES" merging with the rim on the reverse G-4 would be my grade.
    And at that grade I'd say his asking price is about $10 high.
     
  7. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    Oh, I didn't even notice that.

    Honestly, it doesn't bother me at all. He got a great deal, and now he's asking a fair price. (It could also be an old price from many years ago, who knows?) Maybe it is a little odd, but not enough for me to avoid it if I wanted it.

    I see coins all the time on Ebay and when I go research them, I find them in the Heritage archives. Sure, they may have paid a lower price for them, but if they are charging a fair price now, does it matter?
     
    Paul M., MisterWD, alk1129 and 4 others like this.
  8. Wingnut6999

    Wingnut6999 Currency loving custodian

    I don't mind anyone making a profit and the price isn't bad. I just wouldn't advertise how much I'm making. Lol.
     
  9. C-B-D

    C-B-D U.S. Type Coins or death! Supporter

    If he bought it 15-20 years ago, then why replace the flip? We all got better deals back then.
     
    enamel7, harrync and LA_Geezer like this.
  10. TheFinn

    TheFinn Well-Known Member

    That and the dollar had more purchasing power. Silver was only about $5.50/oz.
     
  11. Gregg

    Gregg Monster Toning Supporter

    If my dealer isn't in tears when I leave his shop then I didn't get a good deal.
    Offer this guy $12.00 and make him pay for shipping.
    Be. The. Warrior.
     
  12. paddyman98

    paddyman98 No Common Cents! Supporter

    I sent him a message. This was the sellers response
    Capture+_2018-09-14-09-25-57.png
     
  13. Rob Woodside

    Rob Woodside New Member

    Destroying old labels and prices paid destroys the provenance of the piece.
     
  14. -jeffB

    -jeffB Greshams LEO Supporter

    Good point. Imagine how much more you'll get for a generic coin if it's still in its 2x2 with the original "LESS THAN 3 PIZZAS" sticker... :rolleyes:
     
  15. LA_Geezer

    LA_Geezer Well-Known Member

    One of the reasons I haven't begun collecting any US coins existing prior to IHCs is that I would always be on the lookout for a better specimen of any coin I have. I might feel differently if I had Jeff Bezos' money, but I don't. I would really dislike finding this 1853O at a coin show in better condition at a lower price. Given their age, this isn't likely, but...
     
  16. paddyman98

    paddyman98 No Common Cents! Supporter

    Did you read my post?
    Post #11
     
  17. LA_Geezer

    LA_Geezer Well-Known Member

    Yes, then deleted that part of my own post.
     
    paddyman98 likes this.
  18. ddddd

    ddddd Member

    He should have just added a “0” after the $16 and said it was a screaming deal! :p

    But in all seriousness, it really wouldn’t matter to me what the flip says. For example, if I received a Silver Eagle as a gift and it said FREE GIFT on the holder, would you all say it’s overpriced if I was selling it at spot?

    In general, it’s best to just evaluate the price based on the current market.
     
  19. No, but I would say it is really tacky and unprofessional
     
  20. It’s not the price/profit that bothers me. It is the sheer laziness that does. If the seller is too lazy to change the flip, then how might that translate to the overall transaction? Will it just be taped to the inside of a stamped envelope? Etc.
     
    Sunflower_Coins likes this.
  21. Sunflower_Coins

    Sunflower_Coins Importer and Exporter

    Hey, we've all seen it done! ;)
     
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