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Can't Lose On "100 For 100 Bison", But, Can You Make Money?

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Lostwords's Avatar
Canada
1528 Posts
 Posted 05/17/2013  08:01 am  Show Profile   Bookmark this reply Add Lostwords to your friends list Get a Link to this Reply

Quote:
Net profit (after fees and shipping) over 50% will force me to buy, otherwise, I won't take risk just for only 10-20% potential net profit.


I would like to know what you have in your coin collection that met this criteria.
Valued Member
loonar's Avatar
Canada
96 Posts
 Posted 05/17/2013  08:27 am  Show Profile   Bookmark this reply Add loonar to your friends list Get a Link to this Reply

Quote:
I would like to know what you have in your coin collection that met this criteria.


All we know is that he was the highest bidder of the 20000/20000 penny roll, hard to make 50% profit IMHO
Valued Member
yunbo's Avatar
Canada
90 Posts
 Posted 05/17/2013  09:45 am  Show Profile   Bookmark this reply Add yunbo to your friends list Get a Link to this Reply
Market value for 20000/20000 penny roll is sure over $10000 now, compared with #19997 sale $3275.
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NuMoosematist's Avatar
Canada
867 Posts
 Posted 05/17/2013  10:05 am  Show Profile   Bookmark this reply Add NuMoosematist to your friends list Get a Link to this Reply

Quote:
Market value for 20000/20000 penny roll is sure over $10000 now,


Well yunbo, you'll only know the true value when you try to sell the roll.

Have you received any offers for that amount?
Pillar of the Community
Canada
590 Posts
 Posted 05/17/2013  10:08 am  Show Profile   Bookmark this reply Add Dooby Rak to your friends list Get a Link to this Reply

Quote:
Market value for 20000/20000 penny roll is sure over $10000 now, compared with #19997 sale $3275.


So your coloration in roll value is that roll 20,000 is three more in number than 19997 and thus worth three three times. I think it is impossible to determine the value of a product based on auction results because the value from roll to roll will fluctuated based on bidders and the emotional investment of a bidder. It is possible for you roll to sell from $1 to $20,000 depending on the day and the people bidding.

By the way the same time you bought your roll I put the equivalent amount in BCE stock and have collected a couple dividends and sold for a 20% profit. I now have a profit of $1500, see that's something I can realize and measure, not your imaginary profit.
Valued Member
yunbo's Avatar
Canada
90 Posts
 Posted 05/17/2013  10:24 am  Show Profile   Bookmark this reply Add yunbo to your friends list Get a Link to this Reply
I may send 20000/20000 penny roll to auction company after 5-10 years, absolutely not on ebay or forum.
Valued Member
yunbo's Avatar
Canada
90 Posts
 Posted 05/17/2013  10:32 am  Show Profile   Bookmark this reply Add yunbo to your friends list Get a Link to this Reply
I estimate the valuse of 20000/20000 penny roll base on human common sense, not imagination. I believe most people have similar common sense like me, otherwise, who would bid #19997 to $3275.

If the fourth last penny roll (#19997) was bid to $3275, of course, I estimate minimum valuse of 20000/20000 penny roll is over $10000. Please do estimate from your deep heart, is it true that normal people will also estimate over $10000 on 20000/20000 penny roll?
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SPP-Ottawa's Avatar
Canada
10460 Posts
 Posted 05/17/2013  10:43 am  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
In my opinion - "the big flip" has already been made on that roll. Someone bought it for $10, and sold it for $6600... I doubt a "flip" like that will happen again in the near future...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

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Pillar of the Community
Canada
590 Posts
 Posted 05/17/2013  10:53 am  Show Profile   Bookmark this reply Add Dooby Rak to your friends list Get a Link to this Reply

Quote:
I estimate the valuse of 20000/20000 penny roll base on human common sense, not imagination. I believe most people have similar common sense like me, otherwise, who would bid #19997 to $3275.

If the fourth last penny roll (#19997) was bid to $3275, of course, I estimate minimum valuse of 20000/20000 penny roll is over $10000. Please do estimate from your deep heart, is it true that normal people will also estimate over $10000 on 20000/20000 penny roll?


See here is the problem. You are attributing your decision to common sense where common sense would involve logic and your decision to pay an exorbitant amount of money for that roll was based whole on your emotion and your own beliefs, not logic.

You accuse others of "estimate from your deep heart" where as that is exactly what you are doing. The is no logical basis for your estimated roll value. Different rolls will not trade on the same proportionate scale. Also you can not prove anything statistically with a sample of two. You must use more samples. The price of roll 19,997 could have been an anomaly. In order to truly determine the value of your roll you will need to analyze the price of significantly numbers rolls over a longer period of time to determine a price curve. My point is that there is no way to price your roll at this time without sending it at auction. My advice to you is if you get an outrageous offer for that roll, sell it now, don't even think about it. Profit realized is much better than potential profit.

Also if you sell it in an auction house prepare to pay 20% to 30% commission to the auction house.

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NuMoosematist's Avatar
Canada
867 Posts
 Posted 05/17/2013  11:51 am  Show Profile   Bookmark this reply Add NuMoosematist to your friends list Get a Link to this Reply

Quote:
My advice to you is if you get an outrageous offer for that roll, sell it now, don't even think about it. Profit realized is much better than potential profit.


I agree with Doobyrak...

However, I don't think there is anything one can say to change yunbo's mind. I guess he'll find out when he attempts and sell the roll. (or maybe a dead buffalo...)
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Anjohl's Avatar
Canada
815 Posts
 Posted 05/17/2013  11:53 am  Show Profile   Bookmark this reply Add Anjohl to your friends list Get a Link to this Reply
I'll let you know in six months :)
Valued Member
yunbo's Avatar
Canada
90 Posts
 Posted 05/17/2013  12:04 pm  Show Profile   Bookmark this reply Add yunbo to your friends list Get a Link to this Reply
I guess many collectors couldn't live long enough to see #20000/20000 auction appearing again. Unfortunately, they missed at the very first oppotunity $6600, now they may miss forever.
Valued Member
tedzh's Avatar
Canada
118 Posts
 Posted 05/17/2013  12:09 pm  Show Profile   Bookmark this reply Add tedzh to your friends list Get a Link to this Reply
I got #2000/20000. How much the market value do you thinking?
Valued Member
yunbo's Avatar
Canada
90 Posts
 Posted 05/17/2013  12:19 pm  Show Profile   Bookmark this reply Add yunbo to your friends list Get a Link to this Reply
If you have #2012, definitely somebody will pay at least hundreds for it. #2000, I don't know, maybe you can list Buy It Now on ebay at $10000 and accept offer, then you can see how much people are willing to pay.
Valued Member
yunbo's Avatar
Canada
90 Posts
 Posted 05/17/2013  12:30 pm  Show Profile   Bookmark this reply Add yunbo to your friends list Get a Link to this Reply
Imagine you spend $1000 on 20 for 20 / 100 for 100 series, you'd rather have 10 pcs different 100 for 100 coins, or 50 pcs different 20 for 20 coins? Which way do you think your collection is much cooler?
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