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Last Million Pennies. Really Are Paying For The Wrapper

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rmc's Avatar
Canada
478 Posts
 Posted 03/02/2013  1:26 pm  Show Profile   Bookmark this reply Add rmc to your friends list Get a Link to this Reply
Its like paper money....the number is important! Just because 20000 is damaged does not make 19999 worth any more than what it is.

19991 would be worth more than 19999...its all about the number
Edited by rmc
03/02/2013 1:27 pm
Pillar of the Community
Canada
871 Posts
 Posted 03/02/2013  1:50 pm  Show Profile   Bookmark this reply Add jsinger21 to your friends list Get a Link to this Reply
That damaged penny roll would have been destined for the cash register before the penny was taken out of circulation. lol...
Valued Member
Canada
373 Posts
 Posted 03/02/2013  2:03 pm  Show Profile   Bookmark this reply Add taro-chan to your friends list Get a Link to this Reply
Tempted to bid.... haha
Valued Member
Canada
269 Posts
 Posted 03/02/2013  3:30 pm  Show Profile   Bookmark this reply Add wettld2 to your friends list Get a Link to this Reply
There seems to be a lot of bashing around an over priced wrapped for this item.... but how is this any different then buying any other numismatic product. Keep in mind that any coin is "just" a stamped piece of metal.... and yet many of us are drawn to them. How is this wrapper any different then a COA for any other coin? If you truly believe that the "special paper/wrapper" is of no value then you should be willing to cut up and destroy any COA for any other numismatic product that you own.
Valued Member
Canada
269 Posts
 Posted 03/02/2013  3:31 pm  Show Profile   Bookmark this reply Add wettld2 to your friends list Get a Link to this Reply
I do feel really bad for this seller too!
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CC-Ottawa's Avatar
Canada
3690 Posts
 Posted 03/02/2013  3:43 pm  Show Profile   Bookmark this reply Add CC-Ottawa to your friends list Get a Link to this Reply

Quote:
How is this wrapper any different then a COA for any other coin?


It's not and that's the point. I personally don't attribute special properties (last, first, lucky no. etc) to any COA.

I understand that some people do and that they will pay extra for them though I can't think of any that commanded 200 times issue price for a numbered certificate. But it's their money and if they want to pay because they think the roll/COA is special or it will command more in the future, so be it.

As always, GL to the seller and the buyer.

I also feel bad to the person with the damaged roll. Never want to see harm come to any coin or nusimatic item .
Edited by CC-Ottawa
03/02/2013 3:53 pm
Valued Member
rmc's Avatar
Canada
478 Posts
 Posted 03/02/2013  3:46 pm  Show Profile   Bookmark this reply Add rmc to your friends list Get a Link to this Reply
CC-Ottawa - Than to you, no coin is worth anything more than face value? Its a collectors item and serial #'s are somewhat important...are they not?
Valued Member
Canada
269 Posts
 Posted 03/02/2013  3:51 pm  Show Profile   Bookmark this reply Add wettld2 to your friends list Get a Link to this Reply
RMC: I don't think that CC-Ottawa is saying that there is no additional value, but rather that he just doesn't personally understand the appeal. In most situations I look for special numbers because I know that people look for special numbers, but I don't typically want them for myself. That being said, I was a contender early on for the 20,000/20,000 because I think that one would be really nice to own.... but once it hit $600 I backed out.
Valued Member
rmc's Avatar
Canada
478 Posts
 Posted 03/02/2013  3:55 pm  Show Profile   Bookmark this reply Add rmc to your friends list Get a Link to this Reply
And as I said before...like any other item that holds a serial number, there will be key numbers that will add additional value.
Valued Member
Canada
269 Posts
 Posted 03/02/2013  4:01 pm  Show Profile   Bookmark this reply Add wettld2 to your friends list Get a Link to this Reply
Absolutely. And some are more obvious then others.
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CC-Ottawa's Avatar
Canada
3690 Posts
 Posted 03/02/2013  4:01 pm  Show Profile   Bookmark this reply Add CC-Ottawa to your friends list Get a Link to this Reply
You're correct Wettld2. I do want a COA with my numi coins because to me, it's all part of the product but the number isn't very important. If I did have one that was significant to other people, of course I'd recognize that it has value but I wouldn't typically seek out a special no.

Having said that, there are plenty of collectors who could not care less about even having a COA or box. Their interest is just the coin. Same thing on the circulation collector side. Some want the coin, some want the coin plus a TPG certification. Different strokes.

Edited by CC-Ottawa
03/02/2013 4:02 pm
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dialog_gvf's Avatar
Canada
1581 Posts
 Posted 03/02/2013  4:04 pm  Show Profile   Bookmark this reply Add dialog_gvf to your friends list Get a Link to this Reply

Quote:

If you truly believe that the "special paper/wrapper" is of no value then you should be willing to cut up and destroy any COA for any other numismatic product that you own.


That's a little different from the belief that certain COA impart a premium over others.

It is different than saying the COA has no value, since a coin may sell discounted without one.

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Neil's Avatar
555 Posts
 Posted 03/02/2013  4:06 pm  Show Profile   Bookmark this reply Add Neil to your friends list Get a Link to this Reply

Quote:
Oops! I meant number 19999. If the person showed number 20000 on youtube as damaged, why can't number 19999 be the next best thing imo.



Nope. Youtube means nothing. "Oh, you want to buy my 19999, watch this youtube clip". Yeah, right. It is as meaningless as people saying to prove you mailed an expensive coin, video your putting your coins in a package, and video handing the coins to a PO clerk. Videos can be cut and altered. Useless....
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dialog_gvf's Avatar
Canada
1581 Posts
 Posted 03/02/2013  4:09 pm  Show Profile   Bookmark this reply Add dialog_gvf to your friends list Get a Link to this Reply
Where are the key number COA sales?

I've seen a couple of low COA ebay auctions over the years, but show me a multi-page thread discussing auctions of special COA of any other NCLT.

Then again, where does COA #1 go? Can any collector ever get one?
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Mrpiedfort's Avatar
Canada
663 Posts
 Posted 03/02/2013  5:47 pm  Show Profile   Bookmark this reply Add Mrpiedfort to your friends list Get a Link to this Reply
Wow, some of you guys need to lighten up. Just having fun here. If I have lots and lots of money, I might put in a bid for that last penny roll myself. But right now, I'm happy with my two penny rolls, numbers 10067 and 8106. They will be with me and my kids for a long time.
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