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Exceptionally Common, Exceptionally Overpriced

 
 
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Pillar of the Community
United States
1895 Posts
 Posted 05/24/2019  9:53 pm Show Profile   Bookmark this topic Add thq to your friends list Get a Link to this Message
Occasionally I'll cruise through an eBay category such as Gold Eagles, window shopping for exceptional values. This visit was a real letdown. Everyone seems to think that their common grade melters are valuable right now. Here are a couple examples....

https://www.ebay.com/itm/1843-O-10-...AOSwcZ1cNQdg

https://www.ebay.com/itm/1843-O-Eag...ity!89503!US!
-1

I already own many fully functional pins....

Here's one with plenty of great detail remaining.

https://www.ebay.com/itm/1851-O-10-...AOSwvR5aRaxo

WHAT are they thinking?
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
05/24/2019 10:10 pm
Valued Member
United States
329 Posts
 Posted 05/24/2019  10:10 pm  Show Profile   Bookmark this reply Add Ballyhoo to your friends list Get a Link to this Reply
Agree. It seems common as of late. It amazes me that details graded coins are bringing mint state prices. Maybe it's time to contact Gold Line and buy them at just over melt. Then I could buy mint state Eagles with the profit from fools.
Pillar of the Community
United States
1895 Posts
 Posted 05/24/2019  10:20 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
Maybe that's what's going on. At least one of these sellers is a liquidator. Crossing their fingers that the coin wil flip, and if it doesn't they melt it.

"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Bedrock of the Community
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United States
36740 Posts
 Posted 05/25/2019  09:41 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
What a country.
Bedrock of the Community
United States
18056 Posts
 Posted 05/26/2019  1:19 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Just common practice to see how much you cab get for anything.
just carl
Pillar of the Community
United States
1895 Posts
 Posted 05/26/2019  5:38 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
The odd thing is that there's a more intense competition, and better quality coins, as the listing price gets closer to melt. Pricing a common cull at $900-1000 is unrealistic when MS slabs are selling at $800.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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