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 Replies: 762 / Views: 63,833 |
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Pillar of the Community
United States
5212 Posts |
Any speculators out there as to when to sell? Sets seem to be selling around $90 now. After original purchase price and ebay / Paypal fees that is $13 to the seller. Some are pre sales and some set sales are in hand. Sell now before the market gets flooded when every flipper actually gets their sets or wait it out if you have a nice set since quality control seems to be an issue? Will the bottom fall out once the second wave of shipments in August hit the open market like they did for the raw Baseball HOF coins? Wait 2 years when the dust settles and there are only 70K sets after all of the returns? |
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Valued Member
United States
405 Posts |
my plan is to sell a couple now, get one graded, keep one raw, and sell another in the future for a loss or gain (who really knows)
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Pillar of the Community
United States
3644 Posts |
Unless I was selling hundreds of sets 10-20$ profit is not going to make me budge id rather wait it out and take the chance-worse case scenario is break even I think and I doubt that even...
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Pillar of the Community
United States
1913 Posts |
Quote:I think this point, any returns should be sold on ebay for a profit and used to bye a graded 69/70 set if you are unhappy about the quality. OK, but assuming one is honest and fully discloses all issues, money might actually be lost. Of course the mint might actually just turn the same problem coins around to others. What to do? |
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Bedrock of the Community
 United States
12850 Posts |
Quote:After original purchase price and ebay / Paypal fees that is $13 to the seller. That was approximately my math too. I had considered buying a couple to flip after getting one for my collection, but it just didn't seem to be worth the effort. Who knows what prices August will bring, could be wrong. |
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Pillar of the Community
United States
3644 Posts |
How does this happen? How is someone selling PR70 sets from ANACS that they haven't even gotten back yet? Multiple sets no less...Look at this on ebay: http://pages.ebay.com/link/?nav=ite...2816868460672015 March of Dimes Silver 3-Coin Set ANACS PR70 RP70 INAUGURAL STRIKE PRE-SALE |
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Pillar of the Community
United States
7635 Posts |
They could have got their grading notifications online and then posted their listings. They would have the coins back from ANACS by the time the listings end.
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Pillar of the Community
United States
4901 Posts |
Quote:
Get a Link to this Reply
How does this happen? How is someone selling PR70 sets from ANACS that they haven't even gotten back yet? Multiple sets no less. East Side Mint Coins is a decent size dealer who probably sent a crapload of sets to be graded. They will definitely get some 70's back so there is not a problem listing them as pre-sales (as they are...not in hand) I should note they have 4 sets for sale and one already sold for $449 and that's an ANACS set..that is HSN material and probably more than they will sell them for....it will be interesting to see at what price the NGC sets sell. I do think that prce is a bit out there (by, oh, $200 or so) ...and as for the $13 profit for selling now...no way in my book...this is a hold. You will probably eventually do better by just selling the dimes and keeping the $1 coin. I bet the dimes raw will be near $60-70 and much more in the future Edited to add: here you go...as predicted: http://www.ebay.com/itm/2015-Revers...em1c527b3485Note: TEN SOLD AT THAT PRICE...RAW... Don't go for the $13  Edited by Foxwoods Man
05/13/2015 07:25 am
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Moderator
 United States
189759 Posts |
No interest in selling, but if I were, it is a long term play. No way I would just flip it. Not enough meat on that bone. Let it fatten up. |
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Valued Member
United States
55 Posts |
Edited by coinpictures
05/13/2015 12:28 pm
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Pillar of the Community
United States
1026 Posts |
Not too expensive? The 69 set costs almost double issue price and the 70 set is almost 4x issue price...
Am I missing something?
lol
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Valued Member
United States
55 Posts |
Yes, you're missing something. The cost of slabbing fees and 2-way shipping. Those aren't free.
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Pillar of the Community
United States
1026 Posts |
But that doesn't mean these are worth more than OGP coins. Historically, 69 graded coins sell for roughly issue price - here we're talking almost double...
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Valued Member
United States
55 Posts |
*sigh*
The point being that the $119 shipped cost for a 69 set is less than what it would cost any non-volume submitter, once fees and shipping are factored in. Yes, I realize that volume submitters get lower slabbing fees and you lose the possibility of getting the 70 set (or most likely a mixed 69-70 set) if you buy a slabbed set rather than submitting your own, but if you are looking for a slabbed set, those prices are not unreasonable IMO, unlike the price quoted above for the ANACS 70 set.
As far as 69s selling for the same price as raw at time of issue, that has not been my experience. Once the dust settles after several months, perhaps in certain cases, but that is NOT a universal guideline.
Edited by coinpictures
05/13/2015 12:39 pm
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Pillar of the Community
United States
1026 Posts |
Let's agree to disagree then. lol
If I would give advice to a novice, then I'd suggest to shun graded coins altogether because of their artificiality and all that label bogus.
But there is a market for them, and if someone is prepared to shell out that much more because someone else thinks it's a (near) perfect coin, then so be it.
Regardless of how much it costs to grade a coin, it has to be a reasonable percentage of the cost of the coin (set). It's borderline ridiculous here as it costs some 50% of the set in OGP for small time crooks like us to have it graded incl. postage both ways. lol
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Replies: 762 / Views: 63,833 |
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Posted 05/12/2015 9:32 pm
