Presidential Dollar coins to be discontinued?

No it's setting a market and lucky enough to find someone gullible enough to pay such an outrageous price.

Actually, that's not trust, that's good business sense. I know a dozen or so local dealers who hold the item(s) until the large check clears. Has nothing to do with trust at all.

 

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i agree, that good business sense

 

here a quick question, just sold for one million dollars, 1943 bronze lincoln cent, now that's crazy

 

Yeah, but that's a true rarity and this is where the word 'serious' should be applied..........

 

but its only worth a penny in the real world

 

Do you know my wife?

 

What is "the real world"?

 

it's just like vams, some of thoses bring big money, but if you read info on vams, it says that thoses coins are'nt worth anymore then the standard grade that's on them

 

lol, no, but i think your wife, and my wife, most be sister, it sound like they think unlike

 

i have know ideal what the real world is, but the coin world, the sky the limit

 

Only as long as there are sellers in the coin world with ridiculously high prices on items with a value 60% less than those prices, and as long as there are bidiots, and amateurs, who know nothing of realistic retail prices of what they buy.

As I said, that coin has a guide value of $1600, and probably could be found for even less than that, and anyone with an ounce of both common sense and knowledge of numismatics wouldn't have paid $5k for that $1.

 

again, i sold that coin in 2010 when there was no price guide on that grade ! the early bird gets the worm

 

just like my 2010-D Roosevelt dime that graded fbms-67, i sold that for big money to 1 of 1, and fbms-66 was worth about 65 dollars ! again sold in 2011, again, he early bird gets the worm, thats why i grade new coins, if you sell them early, and their the best found, the sky the limit

 

More like the early worm gets eaten. That's why you don't buy a car the first year of a new model, unless you absolutely have to be the first kid on the block with a new toy.

 

i agree with you, i would never pay that either, but again, people building set, don't want to lose out !

 

now you know the way TO MAKE BIG MONEY, off of new coins ! a lesson well learn

 

I'm not in this to "make big money", I'm a collector plain and simple.

As far as knowing how to "make big money", your kind of lesson is not worth learning.

I have an opportunity to acquire an 1896 Morgan, raw, but graded MS64 and is a DMPL for under $200.

PCGS has the value in their guide at $600.

The dealer is asking $195 for it.

He could, jack the price over $600 since that's what the guide places the value at, but he's honest and doesn't need to "make big money" by taking advantage of people.

 

again, there's a price guide for that coin, i don't think you understand the way new coins work with no price guide yet

 

Yes. I do.

And there is a price guide for that Zach Taylor $1 in MS67, and it's more than half of what you sold one for, and apparently will continue to sell them for.

 

What is the grey sheet bid on that coin?