PCGS Rainbow toned 1957-D MS65RB

I really wanted this coin.. I don't believe it.. Nuts! I don't often see psychedelic PCGS coins with a grade. I mean that.... that I often get PCGS wheaties at 50% of the value, but this one. WOW!

Preface.... I have a couple other 57d ms65 that I got for $15-$20 but this one was too cool. I went into snipe mode at what I though was a silly number - twice the PCGS value at $55 (RD is valued at $27 this one is RB which PCGS doesn't even have listed)and I didn't win. What? lol Which one of you guys stole it from me!

not sure if the hyperlink to a completed listing will work.

http://cgi.ebay.com/ws/eBayISAPI.dl...rksid=m570&_nkw=%09320578565353&_fvi=1&_rdc=1

Here is my opinion for discussion. I think Feebay is the best indicator of true current market values due to the number of listings and the amount of bids they get on any particular coin. (Supply and demand (sell and buy dollars) are best supported by info from this one site alone - anywhere else is just a niche market) Discuss..

 

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First off, I did not steal your wheat.

Yes, eBay may be the best price indicator out there. However, it is extremely difficult to compare apples with oranges. When everyone uses different cameras, with different photographic skills, different lighting, different photoshopping, etc., it is kind of hard to find two apples to compare. And that does not even count the fact that every coin is different. The reason I use Heritage is that I at least minimize the picture variability.

 

ebay is easy for everyone to sell items but I feel Heritage is getting the best prices right now

 

Are you nuts? 90% or more of the sellers and buyers on SleazeBay are scamateurs and don't have the slightest inkling of the true value of coins. More often than not on the major auctions, you have professionals and seasoned collectors pitted against one another.

Chris

 

So wait! was that you? What number did you put in?

I agree with you 100% - the quality of the listing is everything. It blows me away how greatsouthern gets more for raw pennies than PCGS says they are worth certified. I have been told they are one of the biggest coin doctors out there. Yet, I have learned and have gotten the best deals on coins from people who didn't know or have the capability of doing a decent listing. I actually felt guilty last Xmas because I found a whole series in one night, of high grade (albeit dipped) listed as 19-- US One Cent. Properly listed and at a different time he should have gotten 4 to 10 times what I paid. anyways..

It is pretty easy to tell (I think) which are the bogus sellers, people who purposely take blurry pics and who is selling grandmas collection using the feedback system etc etc.. Plus, with the eBay policies biased against the seller, the buyer is very well protected on returns. Then factor in the "if it is too good to be true" because that really applies. In other words if there aren't many people bidding on a properly listed coin.. For example; I logged on recently and found 4 rare IH 08 09s and 14d and 09s wheat closing within a few minutes of my login. I sniped them last seconds and then noticed after the close that this seller only sold those coins. OOOOPS! lol ah yep... counterfeits.... contacted the seller, asked him some questions, told him I would take them and hope for the best.. oh well.. nothing ventured nothing gained?? I got them, worst fakes I ever have seen - lol - he refunded the $600 and told me to keep them, now I have another/more fake example(s) and everything is cool.

I am from the school of "let the buyer beware" or something like that. I don't get mad at people trying to make a buck, I get mad at me for being stupid.

The few times I have looked at heritage, the buyer fees irk me. I guess I should look more often though. I recently saw a 14d penny on PCGS coinfacts previous Heritage auction from earlier this month.... that only had 2 other examples, valued at 125k - it sold for 27k!!

 

Yes, I am very nutty. no doubt.. I am also self centered, a narcissist at heart, greedy, I have a compulsive obsession disorder along with attention deficit problems and I am in the midst of an unemployed middle aged crisis just top it all off.. I rock!

IMO - Values are determined by what the market can bear. You want to look at the most popular sellers and see what they are getting, then figure out how to offer more for the same amount or less. Not to digress to much, a big part of my profession was in New Home sales from the product development side. Not the marketing side.

Chris, I get and understand what you are saying. keep in mind that my opinion on this, is based on my observations on the huge amount of coin listings on a daily basis..... regardless whether the practices are viewed by seasoned collectors and professionals as something derogatory, that by shear volume alone - (whether it be "right or wrong") it is what it is. That that (Feebay) is the largest coin market there by many times over. correct? Therefore since this is the largest market/venue.. I think it can be safely assumed that what goes on there is the norm and anything else is a minority niche or anexception?


I should mention to everyone again that when I post.... Please keep in mind, that I am a new, long time (35 collector/hoarder). "new" meaning that I never have used the internet to buy coins or learn about them until recently. I never had/made the time. You know those little bothersome things like job, kids, wife, pets, mortgages, cars, lawn care and maintenance, other hobbies, just kept getting in the way of my true calling :~

I feel strongly that I have a fresh view point and since I do have a vested interest in both what I own and amount of time spent over the last year...... Are you ready for this? Get ready to get mad! lol That the vocal, like this board and others, are mostly ran by those who's primary concern is to protect the value of their investments. Now.. going waaaaaaaay out on a limb... this vocal bunch is becoming the minority with in the coin collecting world. A dying breed?

Maybe as an example from this weekend:

I Just watched a guy recently sell(ing) his PCGS registered wheatie set (#15) on eBay - What is interesting is that obviously, he had spent a lot of time and money building the collection - why would he use eBay - why is he selling it? He put some of the coins up for Auction so I guess.. so he could attract attention to his Buy it now listings? Those auctions closed at 60% of the PCGS value. I sent him 2 polite messages asking why he was selling. No answer.

Lets play catch. I'll throw the first ball. Lets use this analogy.

The world is full of mint bags of gems. You can find them everywhere. but isn't it also true that Mint bags can be full of grossly spotted and toned, dinged to death gems. The question becomes. is it up to the buyer to ask questions first, or is it up to the seller to openly declare every little nuance? After all a gem is also a rock. is it not? Where would you rather buy a mint bag? From someone who is a professional or seasoned collector or from a place with super stringent with policies that assure buyer satisfaction?

Here is another one.

Naomi thought she was getting some huge sparklers and all she got were some dirty little pebbles. Imagine how proud the grantor was to pass these beauties on, only to hear later that she thought they were worthless..

 

another classical reason why we dont make money

go find me some of those idiots and ill share 50 % of my super profits with you.

and who is rosie?

for the love of god i have to get myself out of being unrich at least tell me where to find these so called idiots

 

Where's the popcorn giff again? lol

 

There's alot of reason eBay is successful when it comes to selling coins.

(1) People like sitting at home to shop or they are confined to the house for reasons beyond their control and it is an outlet and don't mind paying more.

(2) There's alot of lottery winners out there with more money then brain cells and someone told them coins is a good investment as opposed to the stock market.

(3) Shopping addictions are not gender specific. Both male and females suffer from it.

(4)Someone is buying someone else a coin as a surprise gift because the other person collects them although the person buying has not one clue what they are doing.

P.S. Auctions can be addicting and if you're a competitive personality type it becomes a challenge.
This results in a higher selling price then if the coin were just sitting in a dealers case somewhere.

Adversity Breeds Success-Fear of Loss is a Greater Motivator then the Opportunity to Gain.

 

please dont get delirious emperor spock hasnt abdicated as yet