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 Replies: 77 / Views: 9,396 |
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Pillar of the Community
 United States
717 Posts |
All 15 are smooth edge. Each coin has 1 additional error. From the 15 coins, 11 are off-center. 1 has the filled Cud on the first S of STATES error. 3 have the "Starburst" error (1 has Starburst on reverse only, 2 have Starburst on obverse & reverse). All these errors are in additional to them all being smooth edges. I'm seeing uncertified going for $55-$75; graded going for $65-$130 & up to $350 for MS-66 & MS-67. Not sure of total cost & turnaround with NGC, but I know it's more money & longer turnaround than ICG. Not sure if it matters to most ebay buyers, as long as it's one of the top four, which ICG is. |
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Pillar of the Community
United States
717 Posts |
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Pillar of the Community
United States
717 Posts |
Just found out total cost & turnaround with NGC, including NGC 1 yr. membership, 5 free submissions, insurance, etc.: $246.05 with a 12 business day turnaround.
Advantage: 1) Better & more respected grading service (NGC is #2; ICG is #4). 2) $24 cheaper.
Disadvantage: 1) Twice as long turnaround resulting in extra wait to receive coins back, maybe 3 weeks total from me mailing them (as opposed to 2 weeks with ICG) & maybe more depreciation for longer wait (which may be monetarily offset by higher level of NGC acceptability). 2) NGC doesn't recognize "Starburst" error, so there won't be any indication on slab of extra error. Whereas ICG does recognize "Starburst" error. (NGC also doesn't recognize "off-center" error either, unless is 5% or more; probably the same for ICG.)
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Pillar of the Community
United States
717 Posts |
The other option would be to test out listing them on ebay uncertified. Maybe a 3-5 day auction. They cost me $860 & I just want to break even or take a minimal loss. I'm too nervous to start at .99 with no reserve. I'm thinking to either have a minimum reserve of around $850 or a starting bid price of around $850 for all 15 coins. Or a minimum reserve of around $290 or a starting bid price of around $290 for 5 coin lots, with 3 lots available. Maybe include a BIN price of $1100 for all 15 or a BIN price of $400 for 5 coins. Then if they don't sell in 3-5 days, I'm just out the listing price. Then I could submit for Certification. The major downside & concern of uncertified is the possibility of dishonest buyers replacing my real errors with fakes. I hope I'm not being paranoid but I think it's a legitimate concern. Edited by yechi7
05/09/2007 1:02 pm
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Forum Mom
 United States
5877 Posts |
At this point, I think you've received all of the advice that you are going to. It's time to make a decision and just do it. There are many people who won't bid on an auction with a reserve. I told you what I felt was the way to make the most money. It is time to let this topic die. Everything has been said.
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Pillar of the Community
United States
717 Posts |
Susanlynn9: I very much appreciate your feedback. But your previous advice was based on "not be in such a rush to sell them." My problem is that I feel that my wife is "sitting on my head" until this is resolved, so I need to resolve this more quickly than to stretch it out over 45 days or longer.
Also, I'm not looking to make money. Breaking even would be fine.
Please bear with me, as now I'm down to the crunch of deciding. It's alot of money & I value Coin Community Forum users advice.
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Pillar of the Community
United States
819 Posts |
I agree with Bobby et. al. who say go with the deal you made. I think you are grasping at straws with the "gold" issue, as stated, everyone knows that the are not gold. True you may have a case based on the "certified" issue, but that appears to be a loophole you are looking for. In my opinion it is far better to go through with the contract even if it is not to your advantage. There is much ancient wisdom literture to support that position. If you believe in "Karma" or "what goes around comes around" or any of the philosphies that state you attract to yourself what you emit to others. I certainly do.
For instance, I just sold an item for over $2000 and when I made the listing it included my blanket "accept paypal" and "ship world wide"..the buyer is in Europe. Pay pal cost me an extra 1% across the border fee for change of currencies, etc, and I specified shipping at $20. Shipping actually cost me $48 plus the 1% hit on paypal but I completed the transaction as and learn from it.
Do the honorable thing, take the hit and who knows, the price may bounce back or you can get some slabbed and recoup, or the natural law of events will help you on the next deal.
That being said, I have no problem with a buyer stating they have "buyer's remorse" and want to change the deal but compensate me for the trouble in fees, etc, PLUS relisting since I may have lost a buyer in the previous auction who is no longer available due to buying elsewhere because my auction "ended." The easiest and cheapest is to honor the deal as made.
Just MHO.
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Pillar of the Community
United States
717 Posts |
Regarding selling without a reserve price or a minimum starting price: A good friend, who is an ebay powerseller of collectibles (new & used) with over 12,000 feedbacks, told me a few days ago that he had sold several of a particular Waterford collectible for BIN of $600 - a good price for this item. He once listed the same item for auction with no reserve or starting price & it went for $60! He lost several hundred dollars in one transaction. Hence, my concern & reluctance, especially in this situation. |
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Pillar of the Community
Canada
1106 Posts |
 You ask for advice, then when you get it you question it. There is 3 whole pages of posts dealing with this problem. My advice would be to fess up with the misses and let her show you what do do with them. Edited by chrycopaul
05/09/2007 2:59 pm
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Pillar of the Community
United States
1454 Posts |
Not to be cruel dude but by the time you decide what to do they won't be worth squat!
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Pillar of the Community
United States
827 Posts |
Irishaider took the bull by the horns on that last post. Just make the decision and fast. Make it today, if for grading, ship them out today, priority mail! Run Forest Run!
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Pillar of the Community
United States
717 Posts |
Irishraider said: "Not to be cruel dude but by the time you decide what to do they won't be worth squat!"
Everyone advised not to do anything until I get them & see what I've got. That was 2 days ago, Monday, due to post office foul-up & a funeral that took me out of the city for a week. Then, I work night shifts & double shifts in a hospital, so my 1st chance to post after receipt of the coins was last night.
Chrycopaul said: "You ask for advice, then when you get it you question it."
Many people have given conflicting advice. Also, some initial advice was to take time & get a higher profit. Circumstances changed somewhat, due to the wife. Now my main intent is to break even ASAP. My questions were geared towards what would enable me to do that in the best way possible - certified or not, small lots or big lots, etc.
I'm just trying to put it all together to make this a successful outcome. Don't be cruel.
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Forum Dad
United States
24184 Posts |
Methinks this topic has become unproductive.  |
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Pillar of the Community
United States
717 Posts |
If you don't like the topic, just keep on going to something you like. My mother taught me, "If you don't have something nice or constructive to say, don't say anything."
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Pillar of the Community
United States
7123 Posts |
 all the info needed is within the thread already just review it and decide what your going to do !! Metalman |
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Replies: 77 / Views: 9,396 |
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Posted 05/09/2007 11:26 am
