Discussion in 'Coin Chat' started by BUncirculated, May 6, 2012.

  1. BUncirculated

    BUncirculated Well-Known Member

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  3. TheCoinGeezer

    TheCoinGeezer Senex Bombulum

    It's my experience in life that asking and getting are two different things.
    OTOH, if you don't ask, you don't get.
  4. BUncirculated

    BUncirculated Well-Known Member

    This came up in my search of recent completed sales, and was not something I was looking at buying for my collection.
  5. rodeoclown

    rodeoclown Dodging Bulls

    The real question is, why did someone spend the money to get that slabbed in the first place? ;)
  6. BUncirculated

    BUncirculated Well-Known Member

    I was wondering that myself.
  7. PennyGuy

    PennyGuy US and CDN Copper

    I can't speak for the person that originally submitted that specific coin but I just received a AG3, G4, G6, and VG10 two cent peices back from NGC. They are part of a grading set of 1864 LM two cent pieces I am assembling. Just need to find a VG8 piece and I will have all grades from 3 to 66. It has been an educational process, they might end up in an exhibit someday.

    Just one of the possible reasons.
  8. mark_h

    mark_h Somewhere over the rainbow

    Don't forget lowball sets.
  9. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Well someone wanted that particular coin as it sold at BIN price. Often, people use questionable coins with their "freebie" coupons or by beginners thinking it would grade higher.
  10. snapsalot

    snapsalot Member

    I dont think anyone would see that coin and think it would grade very high lol.
  11. BUncirculated

    BUncirculated Well-Known Member

    My take on it are:

    1.) It definitely was a waste of money to submit it for grading and slabbing.

    2.) The price it sold for, was way too high for anyone, IMO.

    3.) It wouldn't have bother me paying up to $20 for it.
  12. Conder101

    Conder101 Numismatist

    Who said BIN prices have to be justified? The seller can ask whatever he wants. If the buyers don't agree then he won't make a sale. In this case someone agreed with the price. Did someone hold a gun to his head and make him pay that for it? Probably not. Was the coin misrepresented? No. Did he overpay for it? Maybe but he apparently doesn't think so. Will he be upset later if he discovers that he overpaid? Probably. Does he have anyone to blame but himself for overpaying? No.
  13. mrbrklyn

    mrbrklyn New Member

    You can say this 25 times a day, and the next day repeat.
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