NGC Certifies Newman's Unique 1792 Washington President Gold Eagle - Page 4

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basebal21 Bedrock of the Community 13014 Posts	Posted 08/19/2018 11:27 pm Quote: Gonna agree here. Do I think its completely idiotic that someone would let this coin pass because of the plastic its in? Absolutely, most others would likely agree to some extent. Does thinking thats idiotic mean it won't happen? Not at all. Who ever did buy it probably bought it for the coin itself and felt amazing at the discount he got. Now if He/She sent it to PCGS to reholder it they would probably make a serious profit at auction. One thing a lot of people miss is anytime you buy something for over a million dollars you look at it as an investment to some extent. Those people didn't get rich just randomly chucking money around ignoring markets and preferences ect. There are a lot of strategies and various approaches that can be taken. Looking at those coins the same as a 50 dollar coin where the holder doesn't really matter ect is a mistake. The air is thin up there and it doesn't mean they aren't collectors or don't love their coins, but they aren't dumb Report this Post to the Staff
Optimist-numismatist Pillar of the Community Canada 683 Posts	Posted 08/19/2018 11:32 pm Quote: .One thing a lot of people miss is anytime you buy something for over a million dollars you look at it as an investment to some extent. Those people didn't get rich just randomly chucking money around ignoring markets and preferences ect. There are a lot of strategies and various approaches that can be taken. Looking at those coins the same as a 50 dollar coin where the holder doesn't really matter ect is a mistake. The air is thin up there and it doesn't mean they aren't collectors or don't love their coins, but they aren't dumb Great point, I do tend to look at these as collection items rather than investments so maybe that's something to try differently. I do think however that there is still a good amount of meat for the buyer here, and am still confused on why others didn't go higher. Profit margin maybe . Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 08/19/2018 11:42 pm Quote: I do think however that there is still a good amount of meat for the buyer here, and am still confused on why others didn't go higher. Profit margin maybe I think there probably is some meat left for the winner in a private sale, I haven't seen who won it though if it was announced. I did see who won the nickel and that 54-S was resold basically same day so I do have some theories on the approaches some are taking with these auctions. All that said I see where guys that play at that level post on forums and just try and listen and learn. I probably won't ever know the behind the scenes, but I do know if I ever had a collection like that to sell it would be PCGS for grading without question Report this Post to the Staff
kbbpll Pillar of the Community United States 4233 Posts	Posted 08/19/2018 11:50 pm I wish unsubscribing was easier on this forum. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 08/20/2018 12:02 am Quote: I wish unsubscribing was easier on this forum. Don't click it. Always sad when people get upset over nothing Report this Post to the Staff
spru Bedrock of the Community United States 12477 Posts	Posted 08/20/2018 12:53 am Quote: I wish unsubscribing was easier on this forum. I generally do not "subscribe" to topics (its an option), but if I do, it is very easy to reverse that. Otherwise, you are just clicking on active topics or those in which you have posted. If you don't care about what may have been posted since you last read it, simply ignore it. In Memory of Crazyb0 12-26-1951 to 7-27-2020 In Memory of Tootallious 3-31-1964 to 4-15-2020 In Memory of T-BOP 10-12-1949 to 1-19-2024 Report this Post to the Staff
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