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My 1937-D 3 Legged Buffalo and 100oz Silver has ARRIVED!
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<p>[QUOTE="illini420, post: 676124, member: 19423"]Wow, this thread sure did take a turn...</p><p> </p><p>Mark, you're 100% correct. I made my comment about BNB getting a great deal based solely on the prices I saw on these at the Arcadia show last weekend. I guess when I saw the lowest priced 3-Leg at around $1300 for a VF20 I think, and a couple XF examples around $1500, I just assumed that was about the going rate and that this was just one of those coins where the Greysheet prices didn't apply. Now that you point out the auction prices, it seems that was a mistake to assume that rather than just assume that the local dealers were maybe trying to make a rip.</p><p> </p><p>That said, given that BNB is a relatively new rare coin buyer, I think he could have done much worse. I made some big buying mistakes when I was brand new and still make a few from time to time. If BNB really likes his 3-Leg then the price he paid seems to be within the ballpark of reasonableness, which is typically the case in auctions whether they be Heritage or eBay. Had he waited until last weeks show to buy, a similar coin would have cost him maybe 50% more. However, it does appear that with some patience and some additional due diligence, BNB could have maybe saved maybe 10% or so in his hunt for a 3-Leg. </p><p> </p><p>And no one knows whether the coin will be worth more down the road, but I'd much rather be playing the odds with a $1000 key-date coin vs. 10 $100 common dates or vs. 40 $25 coins... which is what a lot of folks just getting into the hobby seem to start with.</p><p> </p><p>Finally BNB, there are many folks who participate on the forums with tremendous knowledge/experience about coins and the coin business who are truly trying to help others here learn more. Mark is definitely one of those good guys who is here to help and I would pay particular attention to what he says regarding coins and not take any comments regarding your coins personally...[/QUOTE]</p><p><br /></p>
[QUOTE="illini420, post: 676124, member: 19423"]Wow, this thread sure did take a turn... Mark, you're 100% correct. I made my comment about BNB getting a great deal based solely on the prices I saw on these at the Arcadia show last weekend. I guess when I saw the lowest priced 3-Leg at around $1300 for a VF20 I think, and a couple XF examples around $1500, I just assumed that was about the going rate and that this was just one of those coins where the Greysheet prices didn't apply. Now that you point out the auction prices, it seems that was a mistake to assume that rather than just assume that the local dealers were maybe trying to make a rip. That said, given that BNB is a relatively new rare coin buyer, I think he could have done much worse. I made some big buying mistakes when I was brand new and still make a few from time to time. If BNB really likes his 3-Leg then the price he paid seems to be within the ballpark of reasonableness, which is typically the case in auctions whether they be Heritage or eBay. Had he waited until last weeks show to buy, a similar coin would have cost him maybe 50% more. However, it does appear that with some patience and some additional due diligence, BNB could have maybe saved maybe 10% or so in his hunt for a 3-Leg. And no one knows whether the coin will be worth more down the road, but I'd much rather be playing the odds with a $1000 key-date coin vs. 10 $100 common dates or vs. 40 $25 coins... which is what a lot of folks just getting into the hobby seem to start with. Finally BNB, there are many folks who participate on the forums with tremendous knowledge/experience about coins and the coin business who are truly trying to help others here learn more. Mark is definitely one of those good guys who is here to help and I would pay particular attention to what he says regarding coins and not take any comments regarding your coins personally...[/QUOTE]
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My 1937-D 3 Legged Buffalo and 100oz Silver has ARRIVED!
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