| Author |
 Replies: 12 / Views: 1,871 |
|
|
Valued Member
United States
319 Posts |
|
|
|
|
Valued Member
United States
381 Posts |
Holy mother of canned beans! How does someone afford that?!  |
|
Pillar of the Community
United States
1388 Posts |
Why are the $50.00 Pan-Pac hockey pucks coins not included? Is it because of the rarity?
|
|
Moderator
 United States
188342 Posts |
Let me call my financier.  Wait. I do not have a financier.  |
|
Moderator
United States
15428 Posts |
There always be a debate within the hobby as to whether it is preferable to achieve a collection coin-by-coin (hand selected) or via a bulk purchase.
This is obviously a bulk purchase of a rather expensive set - which might very well appeal to some well financed collector out there.
Should I ever choose to pursue this set of 11 coin ... it would be one at a time individually selected.
To each their own.
David
Take a look at my other hobby ... http://www.jk-dk.art |
|
Valued Member
United States
469 Posts |
David has this one pegged correctly. Sure would take all of the fun out of the search. And BTW what kind of fees would the sell have to pay to ebay on this one if it did sell? |
|
Pillar of the Community
United States
589 Posts |
Quote: And BTW what kind of fees would the sell have to pay to ebay on this one if it did sell? If he's a power seller, I'm figuring $3005.30 in ebay and Paypal fees. |
|
CCF Master Historian of USA Commemoratives
United States
12272 Posts |
Quote:
Why are the $50.00 Pan-Pac hockey pucks coins not included? Is it because of the rarity? Yes. There are so few of each (483 Round, 645 Octagonal) that they are generally not included in the "standard" set by collectors. This is largely due to their market prices being so completely out of step with the other gold commemorative coins. In MS-60, each of the Pan Pac $50 coins goes for upwards of $60,000. In MS-66 (to match the offered set) they would each likely exceed $200,000! Traditionally, a "complete" set of the gold US commemoratives is defined as the nine $1 coins plus the two $2.50 coins -- an 11-piece set. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
|
|
Valued Member
United States
317 Posts |
What about federal taxes on that sale?  |
|
Bedrock of the Community
Australia
21786 Posts |
Investment set for superannuation purposes.
Such super targets need to remember to do independent research on the value of each piece, before making a decision to buy.
Without that sort of due diligence, it is very easy to loose kilodollars.
|
|
Valued Member
United States
291 Posts |
DO you think anyone seriously considering purchasing such a set would do so without doing a substantial amount of research (or employing someone to do said research)?
|
|
Bedrock of the Community
Australia
21786 Posts |
Yes, definitely very possible.
Such a superannuation target may have an interest in coins, but have very little time to properly investigate. I have seen this type of thing before. Coins are almost certainly all genuine, but perhaps it it possible to lead a target to have the confidence to buy them anyway, on 'good'? advice.
An intending investor may not know what the accurate market value of these coins may be, or which way the market could go, relative to other investments.
Coin portfolios are often included in the assets of superannuation investors in Australia. These top line coins are marketed by dealers to intending investors that may have some interest in coins. Such investors are often on coin dealers' previous sales records.
Absolutely nothing wrong with top line coin investments, so long as the investor knows what he is doing. A few don't know enough.
Lots of people have lost money on real estate in a similar way.
|
|
Valued Member
United States
291 Posts |
I just don't understand someone who would invest $95K in coins without having the time to properly investigate. Hopefully the ultimate purchaser will know exactly what they are getting into.
|
| |
Replies: 12 / Views: 1,871 |
|
Posted 01/16/2015 4:50 pm
