Why would a 1999 NGC MS-70 ASE be worth $25,000 ?

The former.

We agree.

 

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Hey, wait a minute, I said "All I was going to say on this thread is..." and then responded two more times.

Warm up that crow. lol

 

It's tasty in a stew, but I doubt you'll have to eat any Mike.........

 

no of course we cant predict a coins exact grade because until they develop a TPG robot grader then its subject to a) human error and b) difference in grader's (persons not company) individual threshholds.

however if what you are saying is true that there is no difference between ms69 and ms70 then go get a bunch of 1999 ms69, crack them, and submit them. or submit the same one over and over. you should score a 70 and viola $25k coin for $70 + a couple hundred bucks of grading fees.

 

Speaking of women, I had two that I thought were 70's, but I had to turn them in for the guarantee.

Chris

 

I think the problem with some prices is, what might be worth 25k to one person might be worth near nothing to another. Just depends on the collector or even sucker to me. My dad had some Bear Bryant unopened coke bottles from the 80's he said were worth (and swore by it) $100 bucks a piece, but in reality I found them once selling at a local shop for $5 bucks a piece.

 

everything has its market. very few collectibles have a very broad market, especially high priced items.
if someone offered you a $2 million coin for $1.5 million would you jump on it? No probably not, because a) you couldn't afford it and b) there are other things most people would spend $1.5m on. However there is a very small market of people who have much more money and who are collectors, and who are looking for that specific coin, maybe only 3-5 people in the whole world. However, how do you tell a billionaire that he can't afford that coin. There's one coin and 3 billionaires. That's why you see some key coins fetch 10x other coins in its series. That Chinese invention gold kilo worth $60k in scrap sell for $1.8M... and its only a '95 i believe. Its like rare art too, very thin market on the high end, yet at auction the prices are still astounding if you consider the "spot" price of art is a piece of canvas and some ink worth in its sum probably less than $20.

so while you wouldn't pay $25k for that MS70 99 ASE, there are maybe 75-100 people in the world who have the money and the desire to own that coin. Just because its not worth that much to you, doesn't mean it isn't worth that much.

i would love to have a $1m bugatti, but is anyone on this thread today looking to spend $1m on a bugatti? yet does that mean its not worth $1m especially when the production is entirely sold out?

same principle.

 

now being delusional is another thing. someone picking up a MS65 common date Morgan and saying "boy this thing is 100 years old its gotta be worth at least a couple grand" when book price says its worth $75, its not justified by past sales.

the ms70 1995-w @ $25k is on the high side but justified by previous sales in the $18-20k range...

 

I've seen those people on ebay that apparently know nothing about coins trying to do such a thing with a buy it now price or high bidding price without apparently looking at the actual value of such a thing. I tend to send a friendly message to them saying, "You have no bids because that $500 dollar coin you have listed is actually worth about $25 bucks, if you keep trying to sell it at that price, you're just wasting your own time." I never seem to get any thank you replies though!

I've seen people trying to sell Eisenhower dollars for $100 bucks and from the pictures they provide, they're just circulated dollars they likely got in change cause the shop didn't want it in their cash drawer any longer.

 

"Justified" (at a $25%-38% premium over what the others sold for) because it's better than the other (MS70) examples?

 

No cuz its retail asking price from a dealer. The sold prices are realized prices

 

I was partly joking, but who is to say that the "realized prices" didn't represent "retail"?

 

This coin was estimated at $9575-$12767 and sold for $135,659
http://www.coinsweekly.com/en/page/4?&id=845

Saudi Sheik bought it up. and another $1.5m worth of coins. Chump change, not even a days worth of income for him.

When it comes to really rare coins or important key date coins there are no "book values"... and another reason why THE key date coin is worth so much more than any other coin in the series.

For Proof ASE, the 95-W PF70 is the key date since it has the lowest mintage