| Author |
 Replies: 17 / Views: 4,042 |
|
Pillar of the Community
United States
1247 Posts |
|
|
|
|
Rest in Peace
United States
7075 Posts |
|
|
Pillar of the Community
United States
1191 Posts |
Quote:
We also have the balance of the set, one coin from each of Box #2 through Box #20 which we will be putting up for auction in the near future. If you are interested in the Complete Set (all twenty (20) coins graded NGC MS70 ER), please contact us before the set gets broken up. How does he know that the one listed is from the first box if all 20 are ms70  |
|
Pillar of the Community
 United States
1247 Posts |
also, there is no way to know, which were minted first... the US Mint uses a LIFO method of storage. So they mint a 100's of thousands and stack them on pallets..
Last In First Out.
It is a BS racket.
|
|
Rest in Peace
United States
10625 Posts |
Offer him $50, that's about what it's really worth if you buy into the MS70 facade.
|
|
Pillar of the Community
United States
1247 Posts |
i know huh? I just bought a 1/2 oz AGE MS70 - 2010 for 30.00 over current melt.
|
|
Bedrock of the Community
Australia
21788 Posts |
Coins made artificially rare by high grade that are minted in huge numbers are not rare, and therefore should not attract a large premium.
Otherwise, the Mint would make a 'killing' for themselves, not the collectors of their products.
It's only a glorified bullion coin, after all.
This intending seller obvoiusly has no idea of it's actual retail market value. He is hoping that an intending buyer has no idea of it's actual value, either.
"Don't be Fooled by High Grade Coins" - U.S. Coin Digest 10th ed., Ch.5, p.37 (Krause Publications).
|
|
Rest in Peace
United States
18456 Posts |
Quote:
It's only a glorified bullion coin, after all.
Yeah that's what I'm trying to say ! and also are they buying them for beauty or for an once of silver ? MS-60 or MS-70 .Who the HECK cares !  |
|
Pillar of the Community
United States
6370 Posts |
|
|
Pillar of the Community
United States
1812 Posts |
If I have this correct, the seller believes he is selling the 1st coin from the first box...
A closer look at the holder shows this coin is #11 from the first box..
|
|
Pillar of the Community
United States
7390 Posts |
That's funny. And he obviously doesn't know that the mink keeps every fist and last coin struck in a run. They keep the actual and true first strikes (and last)
|
|
Rest in Peace
United States
17900 Posts |
Hoping for someone who will be satisfied with buying a unicoin instead of a unicorn.
|
|
Pillar of the Community
United States
7390 Posts |
He mox did you see the recent story where cops were called to wrangle a unicorn that escaped a children's birthday party. Of coarse It was just a pony with a headband on but hilarious nonetheless
Edited by Cascade
02/29/2016 12:16 pm
|
|
Pillar of the Community
United States
2543 Posts |
The seller knows exactly what he has. He is a coin dealer and if you believe his spiel, his family "venture" has been selling coins for over 50 years. What he is selling, is "mystery and possibility". He wants to entice you into believing that, as this coin was taken from the very first box shipped from the mint in 2010, this could possibly be the very first ASE minted in 2010. Of course as was said before, they are batch minted by the hundreds of thousands. Then randomly put into monster boxes. The best you can narrow it, is you got one from the first box "shipped", not even the first box minted. Quote:
And he obviously doesn't know that the mink keeps every fist and last coin struck in a run. They keep the actual and true first strikes (and last) I have never heard nor read that? Where are they kept and catalogued? |
|
Pillar of the Community
United States
7390 Posts |
I don't know denco. I saw it on a youtube video from 2011 or 2012 that was posted on another forum. I tried to find it to post here but couldn't. I'll look harder though. But yea, they showed how they kept both the first and last from each batch for testing and comparing I belive but they made no mention of what they do with them after I believe. If I find the video I'll post it
|
|
Valued Member
United States
398 Posts |
|
| |
Replies: 17 / Views: 4,042 |
Posted 02/28/2016 4:43 pm
