I just heard about this sale.

Discussion in 'US Coins Forum' started by Insider, Nov 30, 2020.

  1. Insider

    Insider Talent on loan from...

    brg5658, posted: :hilarious:

    Is that all CT members get?

    PS guys, when this challenge is not answered I'm going to post a World Coin GTG in that forum. I'll let you know. World coins are only hard to grade because they are not familiar and the standards are a little different across the pond BUT if you play, you'll be surprised at how good you are.

    EDIT: I will have someone else image the entire coin. ;)
     
    Last edited: Dec 4, 2020
    Lehigh96 and longshot like this.
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  3. ddddd

    ddddd Member

    @Insider or anyone else...this is the only ICG world coin I've recently owned (now sold). I thought the grade was acceptable (and I liked the coin-that is why I bought it).

    [​IMG]
     
    Last edited: Dec 4, 2020
    Pickin and Grinin, Insider and wxcoin like this.
  4. KBBPLL

    KBBPLL Well-Known Member

    Back on topic, I'm a stock market dolt, but I don't understand how it's trading at 76.38 when the deal is for 75.25.
     
  5. GDJMSP

    GDJMSP Numismatist Moderator

    I think a craps term would explain it best, it's called - betting on the come.
     
  6. physics-fan3.14

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

    There are a couple of different outcomes that could affect the price:

    1. If there is some chance for negotiation, the market might be gambling that the final price might be higher. Someone might have a counteroffer (so, in this scenario, the initial announcement was $75, but negotiations between concerned parties might end up with $80).

    2. If there is a chance for some other group to make a competing offer at a higher price. This is the idea of a bidding war - Nat Turner and gang offered $75, but Nat King Cole might offer $85.

    Both of these are relatively unlikely, especially for this sale, but there's a chance.
     
  7. KBBPLL

    KBBPLL Well-Known Member

    I guess it's the "definitive agreement" part in the posted article that confuses me. It sounds like a done deal. Shareholders are supposedly getting "a premium of approximately 30% over the Company’s 60-day volume-weighted average price" at $75.25, but if you're buying at $76.38, what are you hoping for?
     
  8. physics-fan3.14

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

    A loss and corresponding tax deduction?
     
  9. baseball21

    baseball21 Well-Known Member

    The sale is several weeks away, you don't have to hold it until the sale
     
  10. KBBPLL

    KBBPLL Well-Known Member

  11. GDJMSP

    GDJMSP Numismatist Moderator

    Kentucky likes this.
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