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Dansco 7070 For Sale

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Bedrock of the Community
BH1964's Avatar
United States
10982 Posts
 Posted 05/27/2009  5:36 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
Couple weekends ago at a show I got an $275 offer on a $375 greysheet coin, so I said "no thank you"...


That's typical of what I've experienced. 30% back of Greysheet is normally what dealers will offer and that's on certified coins or outstanding, problem-free, raw coins that they really want.

I'm considering a $9K "Make Offer" on this auction. Since these coins are all raw, I'd probably try to get several of the top examples into good plastic for re-sale.

What is the downside guys?
ANA #R3154474
Valued Member
Texas Trader's Avatar
United States
250 Posts
 Posted 05/27/2009  6:00 pm  Show Profile   Bookmark this reply Add Texas Trader to your friends list Get a Link to this Reply
They only have 1 negative feedback and there is a 3 day return policy. He seems to have a good history of putting together Dansco sets that people rate highly. Nothing near this high dollar though.
Pillar of the Community
okie-colin's Avatar
United States
1083 Posts
 Posted 05/27/2009  7:48 pm  Show Profile   Bookmark this reply Add okie-colin to your friends list Get a Link to this Reply
bherring, did you notice that he is offering a 5% discount for a cash sale with local pickup? I would sure want to see these coins in person before spending that much. Moore is a suburb of Oklahoma City and a short distance from the airport. Also before bidding, please don't take my word for the greysheet value. Take a sheet and go through the coins in the listing, conservatively grade, and decide on your own value. My estimate was done on the fly and quick and dirty. Please don't rely on it
Bedrock of the Community
BH1964's Avatar
United States
10982 Posts
 Posted 05/27/2009  7:51 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
bherring, did you notice that he is offering a 5% discount for a cash sale with local pickup?


Thanks for the comments okie-colin. I checked this fellow's "Feedback left for others" on toolhaus dot org and found out that he has been a very unhappy buyer on many, many coins.

ANA #R3154474
Bedrock of the Community
Bryan1315's Avatar
United States
14454 Posts
 Posted 05/27/2009  7:58 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
whats wrong with being a unhappy buyer? that just means his standards are higher than the sellers in my opinion
Pillar of the Community
KenKat's Avatar
United States
4085 Posts
 Posted 05/27/2009  8:07 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
I took a little different approach to rolling up a value. I did a quick calculation based on worst case. I came up with around $7,000.

Now, this is admittedly low - I know that. It's a quick calculation and I probably undervalued some of the coins, but there's also that risk if you break it apart and try to re-sell, that you don't get full value for some of them

So, that's the price at which I think if I sold the coins separately, I would absolutely positively be able to get that much back out. And likely it leaves quite a bit of room for a little profit. But it's a floor price so to speak - a minimum value.

I think that is the problem with trying to sell this as a set. There are some really nice coins in there, but they get stuck in the set and can't really realize their full value. Take the 1853 Half - Arrow/Rays. It says it's AU. It probably is. But there's a really wide range between it's value at low AU ($400 or so) and high AU (close to $1000). Was it ever dipped or cleaned? Who knows - there's only the one picture and there's lots of other coins to worry about also - so you've got to bump the value down.

Same with the 1826 Bust Half. Is it really XF and could you get full XF money for it or maybe you only get VF money for it. So is it worth $100 or $200 on ebay?

There are just too many AU coins in there where it's too hard to tell if they are AU-50 or AU-58. Too many UNC where you can't tell if they are MS-60 or 61 or MS-63 or 64. Or worst case, AU-58 sliders. Lots of coins that might be worth $25 or $75 depending on the day of the week and how they actually look in hand.

I'm not really sure why this guy didn't break these coins out and sell them separately. He sells a lot of other raw coins. The $10K price makes me think that'd he'd be netting a little profit on this one. Not sure, though, but those are my thoughts (admittedly out of sync with some of the other opinions here, which I also respect).

Best regards,
Ken
Pillar of the Community
okie-colin's Avatar
United States
1083 Posts
 Posted 05/27/2009  8:30 pm  Show Profile   Bookmark this reply Add okie-colin to your friends list Get a Link to this Reply
Great post Ken. I went back and looked more carefully and I think my intial impression of his grading was too optimistic. He has a few XFs that I am not certain really make that grade, same with the Aus and uncirculated. As I stated before the only way to be sure that you agree with the grades is to examine the coins in person, especially the raw ones. Perhaps that is why the album has not sold. Too much risk in the actual grades of the coins without examining them. Of course he is offering the option of picking them up in person. I wonder if he would let a potential buyer examine the coins before paying?
New Member
United States
11 Posts
 Posted 05/27/2009  9:30 pm  Show Profile   Bookmark this reply Add photocoin to your friends list Get a Link to this Reply
Hi guys, I am actually the seller of that collection. Someone from another forum pointed this thread out to me. Let me first say, that I do not have 10K invested here. I have bought these over the last few years and work for a coin dealer and have gotten some great deals. There are some problem coins in there and I try to point out that on every one that I know about. I wouldnt in a million years expect someone to "buy it now" and mail me 10 grand and then drop this in the mail. This is a pretty major collection and I would want the buyer to ask lots of questions and preferably see them in person. I dont want to sell it, then have to take it back.
Bedrock of the Community
BH1964's Avatar
United States
10982 Posts
 Posted 05/27/2009  9:30 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
whats wrong with being a unhappy buyer?


While there's nothing inherently "wrong" with being an unhappy buyer, but when a person has left 19 negative/neutral feedbacks in less than 5 months (2009 only) it signals a problem.

I noticed 7 negatives (left by this seller) since mid-March. To me that is a lot and says something about the seller and that "something" is not a positive.
ANA #R3154474
New Member
United States
11 Posts
 Posted 05/27/2009  9:35 pm  Show Profile   Bookmark this reply Add photocoin to your friends list Get a Link to this Reply
I buy a LOT of stuff. You shouldnt go by the number but by the percentage. And there are a lot of weasels on ebay. I expect sellers to treat me the same way I treat my customers. My DSR's are all 4.9 and I have no negative feedbacks for sales. Only from a seller who bought a $5 coin from me so he could leave me a retaliatory negative feedback.
Bedrock of the Community
Bryan1315's Avatar
United States
14454 Posts
 Posted 05/27/2009  10:10 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
with some of the photos I have seen from ebay sellers and see what they claim something to be if its not what it is claimed to be in "My" opinion and they have no return policy (which I would probably not buy from anyway) and if the seller doesn't try to make it right then I see nothing wrong with letting everyone else know I was dissatisfied with the transaction, that is what the feedback is for anyway
New Member
United States
11 Posts
 Posted 05/27/2009  11:13 pm  Show Profile   Bookmark this reply Add photocoin to your friends list Get a Link to this Reply
ebay just removed my lone negative feedback and suspended the guy that left it.

For those of you interested in my set. There are about to be 3 coins replaced when the new ones I have purchased arrive by mail.

My Braided Hair Large Cent is going to be replaced with this:
http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MEWNX:IT

My 1909 Lincoln Cent with this:
http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MEWNX:IT

And my Bust Large Cent with:
http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MEWNX:IT

Pillar of the Community
okie-colin's Avatar
United States
1083 Posts
 Posted 05/27/2009  11:17 pm  Show Profile   Bookmark this reply Add okie-colin to your friends list Get a Link to this Reply
Welcome Photocoin. I am glad you have joined the discussion.
New Member
United States
11 Posts
 Posted 05/27/2009  11:18 pm  Show Profile   Bookmark this reply Add photocoin to your friends list Get a Link to this Reply
Thanks, I had not heard of this board. Glad I found it. Some very knowledgeable members here.
Bedrock of the Community
BH1964's Avatar
United States
10982 Posts
 Posted 05/27/2009  11:43 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
...You shouldn't go by the number but by the percentage...


No offense intended photocoin. You're entitled to leave feedback as you see fit.

Welcome to CCF.

ANA #R3154474
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