| Author |
 Replies: 14 / Views: 2,024 |
|
|
Valued Member
United States
151 Posts |
|
|
|
|
Pillar of the Community
Canada
3167 Posts |
 You and I both! |
|
Pillar of the Community
United States
797 Posts |
Quite an amazingly nice set of commemoratives coins!
|
|
Pillar of the Community
United States
3453 Posts |
Hubby had a heart attack when he saw this on my watch list!  |
|
Pillar of the Community
United States
899 Posts |
Life insurance cover the cost? :) That was a pretty impressive collection, but I'd have to take a 2nd mortgage to fund it...
|
|
New Member
United States
5 Posts |
I don't know... the coins look too similar in appearance, almost as if they had all been lightly cleaned.
And if I had $13K to bid on one auction, the coins would have to be third-party graded. Too risky, otherwise.
|
|
Pillar of the Community
United States
1388 Posts |
|
|
CCF Master Historian of USA Commemoratives
 United States
12258 Posts |
I don't believe purchasing a "raw" set is, in and of itself, a problem. I see the problem with this lot being the inability to inspect the coins firsthand. Viewing the images provided, I tend to see the set as being a mix of AU and MS coins; some coins may have problems but I couldn't be sure from the images provided.
If I were able to inspect the coins "in hand" I might determine that the grades of the various coins make the final bid a reasonable price. Short of this firsthand inspection, however, I would not feel comfortable offering so much.
I didn't see a statement of condition for the coins by the seller, so it was up to each bidder to determine condition from the images provided. That's where I see the risk as the prices of some coins can change significantly for minor grade differences that are often not visible via coin images of this size!
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
|
|
Moderator
United States
187734 Posts |
|
|
Valued Member
United States
252 Posts |
Holy cow. Alright, I'm a bit discouraged now. I have two classic commems, the Columbian and BTW. I suppose that I have a lot of dollars...er half dollars...a lot of coins and money left to go before I can complete this set. I should probably start collecting modern penniew while I wait for this collection to come around before retirement.
|
|
Moderator
United States
15395 Posts |
This was IMHO a very ill-advised purchase by the 'winner' at $13,500.
My 2 minute review of the sellers photos lead me to believe the 50 coins are likely genuine ... grade AU to low MS and several have might have problems that would be a significant detriment to their resale value to an educated collector.
Consider this fact ... a dedicated collector with patience could acquire an entire 50-coin type set of classic silver commemorative in PCGS MS62/MS63 holders for nominally the same price.
The allure of an 'instant collection' was at play here ... 50 flashy coins all wrapped up nice and neat in one purchase.
Whoever purchased this is of course happy ... his/her heirs will alas learn otherwise.
I'm hopeful that the education and community sharing here at the CCF will prevent our members from making such a mistake in their pursuit of this great hobby.
David
Take a look at my other hobby ... http://www.jk-dk.art |
|
Valued Member
United States
416 Posts |
I totally agree with the " Instant Collection" point made by nickelsearcher being a factor in driving the price all the way to $13,500.00 and also that this was not the best way to a mass these coins
|
|
Valued Member
United States
469 Posts |
It sure would take all of the fun out of looking for the one you like. Like David said you could find the same coins already holdered for basicly the same price. I'd be willing to bet that if the buyer sent the lot in for grading ($1000+) that all 52 would not come back with a MS grade and not without some bb.
|
|
Valued Member
United States
240 Posts |
|
|
Valued Member
United States
161 Posts |
Nice set but they all look cleaned to me.
|
| |
Replies: 14 / Views: 2,024 |
|
Posted 02/17/2013 10:56 pm
with shoebox - if I had thirteen grand to spend on a con, it would be third party graded.
