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<p>[QUOTE=&quot;Vegas Vic, post: 1997351, member: 58810&quot;][ATTACH=full]357375[/ATTACH] So I was surfing through eBay when I saw this. What got me was not the item but the bids.</p><p><br /></p><p><br /></p><p>$600 for a &quot;condition rarity&quot;</p><p><br /></p><p>So let&#039;s do the math. 2411180 proof sets plus 599317 prestige for a total of 3,010,497 total proof 1c.</p><p><br /></p><p>Now look at the pcgs population. 2.1% of the total graded population is 70. Sounds low with a pop of 81. But here&#039;s the thing. Theoretical number with no preselection gives me 63,220 70&#039;s out there just waiting to be slabbed. Let&#039;s say you argue that they look at ten sets for every one submitted. Ok that still gives us 6,322 70&#039;s just waiting for their plastic. This high price is contingent on a pop of only 81. Why do people buy condition rarities for coins that are minted like this. I can understand an uncirculated coin like a Morgan where there are many millions of coins and like a small number of 69&#039;s. But this modern stuff just goes past me.</p><p><br /></p><p>Now you can tell me it is a &quot;private&quot; auction and just shill bids. Ok but check this out.</p><p><br /></p><p>[ATTACH=full]357376[/ATTACH]</p><p><br /></p><p>These are real auction prices. You can click the links and see that this coin is actually selling for hundreds of dollars.</p><p><br /></p><p>Anyway coin for the thread. With cat selfie</p><p><br /></p><p>[ATTACH=full]357377[/ATTACH] [ATTACH=full]357378[/ATTACH] [ATTACH=full]357379[/ATTACH][/QUOTE]</p><p><br /></p>

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