So I saw an MS67PL 2009 ultra high relief. Can someone explain to me why a 67, modern bullion coin is a "good deal" Clearly there's a lot of info on these UHR's but i was very shocked to see a 67 selling for so much several thousand. A 67 is certainly no 69 or 70, which seem to really be expensive. Does any urh NOT sell for a lot? But a 67?? I guess i could see a 69 and certainly a 70. Why would a 67 be so much? see here http://www.ebay.com/itm/2009-Ultra-High-Relief-Double-Eagle-MS-67-PL-PCGS-Gold-Foil-POP-4-/140706007273?pt=Coins_US_Individual&hash=item20c2bb48e9 thank you
It is not "selling" for that much. He is asking that much. You can ask anything you like, but that does not mean it will sell.
Well it is true that it is a Pop 4, but what he doesn't mention is that there are 798 PL's graded higher. There are 5 in MS68, a whopping 544 in MS69 and 249 in MS70. If he wants $7500 for the one of 4 PL's in MS67, I wonder what the owner of the lone MS62PL would want. The price guide for the 67PL is $3000-$3050. Heck yeah, I'd be wiling to take $7500 also.
so when it comes to uhr's what's the "rule" would this be better than a first strike 69 b/c is PL? What is a reasonable offer price for this PL vs a fs 69 or a normal 69. Prices are all over the place with this coin.
I don't really have an answer as far as what each is selling for, but I find it interesting to see the prices of First Strike's having lower prices than the non FS coins in the PCGS price guide.
Asking prices are all over the place any coin, every coin ! But you will probably never find a wider, or larger, disparity than you will on ebay. That's because the sellers on ebay know there are that many stupid people out there who will actually pay stupid money for something. Even among the brick and mortar shops, if you pick 10 dealers and ask them their prices for any given coin in any given grade you will find one of those 10 who is asking double what one of the others is asking for the same coin. Or, if you search realized auction prices for any given coin in any given grade, you will find a wide range of realized prices. Seldom will any be double, but it is not uncommon to find them where 1 will be 50% more than the others, even when it graded by the same TPG. The reason for this is pretty simple, but to beginners or people who lack experience and knowledge about the coin market, they just never seem to grasp it. They think that all examples of a given coin in a given grade by a given TPG should be worth the same amount of money. But they are not. The reason they are not is because not all MS65's (or pick your grade) are equal. One can have nice color, another can have fewer marks, another can have great luster, yet another can have great eye appeal - yet every single one is graded MS65. But each of the coins is a different as night is from day from the other coins. So people are willing to pay more money for one than they are for the others, and for different reasons. If you are going to collect coins you have to get that concept into your head and keep it there - always. It will never be any different.
Doug, while your comments are relevant for a select few coins with color or some particular eye appeal, the "coin" in question is a hunk of metal minted in 2009. It's main selling point is that it's gold, and that the mintage was relatively small for this UHR. The asking price is simply too high, and as has already been pointed out, it's not selling...it's just sitting there. I don't disagree with your other points, but they are somewhat tangential to the OPs question. In addition, note that the seller has a "Make Offer" option on the coin. There are many sellers on eBay who set their BIN prices in the clouds, but are more than willing to entertain a reasonable offer. A friend of mine recently purchased a coin for $4500 that was listed on the BAY for $10,000. The $4500 is in line or slightly lower than market trend/auction results for the coin, while the $10K was in the clouds. I have found B&M shops to be a joke in terms of reasonable asking prices. I don't believe there is any coin I could get a better deal on at my local B&Ms than I could find with some patience on eBay or Teletrade or Heritage.
Yeah, I know. I agree 100% the asking price is too high, way too high. I was merley trying to explain to the OP why it is way too high. In this case, because the seller is hoping he can find somebody stupid enough to pay it. Correct, they are tangential. But I figured it was worthwhile explaining it to him since he will find the same thing to be true with any coin. Not just some select few coins. That may well be true for your local B & Ms. Doesn't mean it's true of all of them. But I was not suggesting that B & Ms are the best place to look either. I was merely using them as an example to show that a large disparity in prices can often be found at them as well. And I agree 100% that you have a very good chance of finding the best deal on Heritage or Teletrade. And if you know what you're doing so you can navigate the shark infested waters of ebay, or you know a trusted seller on ebay, then yeah might even find it on ebay. But for the uneducated and inexperienced ebay should be avoided at all costs.
Yeah, the seller simply pulled the "double the value" trick so when somebody makes an offer of 50% of it and he accepts, they'll be paying the high end but thinking they got a steal. If somebody buys it now, then a fool and his money were parted and the seller can take a nice vacation.
Personally to me it is bullion plus twenty bucks, but that's just me. I don't see anything special about these things.
It has been my experience that asking and getting are two completely different things. A person is free to ask any amount for his coins, just as I am free to offer any amount for coins I wish to purchase. It seems in the instance you cited, that the seller was perhaps trying to lure in a sucker or perhaps the seller is just clueless. At any rate, the bottom line is to know what you're doing BEFORE bidding on anything.
