Wow... Just Wow...

Discussion in 'Coin Chat' started by TimCoinMan, Aug 20, 2013.

  1. non_cents

    non_cents Well-Known Member

    Do tell how a 1941 proof set for $175 is "overpriced".
    Hmm, let's check ebay's sold listings (actual prices people have paid). Oh, look...a proof set just sold for $600+ a few days ago.
    http://www.ebay.com/itm/1941-U-S-PR...74?pt=Coins_US_Individual&hash=item417633ccba
    So please enlighten us on how the linked item was "overpriced ebay garbage" when someone recently paid 3X that. Of course, you may just say that's overpriced as well, but if you can find me a 1941 proof set for under $175, I would be quite surprised. :)
     
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  3. Conder101

    Conder101 Numismatist

    He probably didn't recognize it as a proof set and thought is was just a set of polished coins. After all the picture was lousy. And if it was just a set of polished coins you would have to admit that at $175 it would be overpriced garbage.
     
  4. -jeffB

    -jeffB Greshams LEO Supporter

    Yes, I checked the seller's feedback, as well as the sold-items list.

    It seems pretty clear what happened. This seller got (inherited?) some remarkable coins, but knew nothing about them. He looked up the going rate for similar coins (an "uncirculated" 1941 set, "uncirculated" Morgan dollar, etc.), and listed them Buy It Now at what seemed to him reasonable (perhaps a bit ambitious) prices.

    Someone pointed out to him that these proof and very-high-grade slabbed coins were worth easily ten times his asking price. In a panic, he pulled his remaining auctions, and backed out of the ones that had already been completed. (The 1944-D MS66 OGH Walker sold, and he's received positive feedback for it; that one was probably only worth 4x the asking price.)

    The 1941 set could have been polished junk in a proof holder. Given the nature of the other coins listed at the same time, though, I suspect it was the real deal.
     
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