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Pillar of the Community
United States
3468 Posts |
I just purchased a PCGS 2017 S PR69DCAM Proof First Day of Issue Sacagawea dollar for $8.01. There's no way the seller covered his costs on this item. Edited by nfine
08/08/2017 4:01 pm
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Moderator
 United States
14463 Posts |
They could have gotten it at a low price, or could be fishing for feedback.  |
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Rest in Peace
United States
17900 Posts |
Submit 100, get 90 69's and 10 70's and still make a profit, even if the 69's sold for almost nothing.
Once a dealer knows all the prices for the one point grade difference, they can figure out exactly what they need to make a profit.
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Moderator
United States
187582 Posts |
I agree.
Also, they could be clearing space. Sometimes you have to take a loss to make room for things that have more potential.
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Bedrock of the Community
United States
10982 Posts |
How do you know how much they paid for it? It is possible they bought it for $2 or $3. 69s are often dumped on the marketplace for next to nothing.
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Moderator
United States
187582 Posts |
Quote:
How do you know how much they paid for it? It is possible they bought it for $2 or $3. 69s are often dumped on the marketplace for next to nothing. True. As given above, they made their money on the 70s. |
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Valued Member
United States
372 Posts |
I agree with jbuck. Maybe he was able to get a good order on the 2017-S 225th Anniversary Enhanced Uncirculated 10 Coins Set Production 225,000. I just checked and they are still on the U.S. Mint Web Site tonight Search Product Code( 17XC )I received my Order and I think the Coins are Extra Nice with that Finish--goldnugget
Edited by goldnugget
08/09/2017 9:55 pm
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Valued Member
United States
314 Posts |
I hope this topic has been up long enough that I can be pardoned a slightly off-topic remark, plus I know there is a whole thread on it, but I wanted to thank goldnugget for mentioning the Enhanced Uncirculated set. You made it sound good enough that I immediately ordered one. I have not ordered many proof or uncirculated sets lately, but I think they hit a home run with this one. I'm a bit meh about the quarters, but I really like the five coins in the other holder. I think the frosty finish looks great. The reverse of the Kennedy half is particularly distinctive to my eye. Also, I would venture to say that the cent is the most appealing (and worthy of collecting) Lincoln since they quit making them out of copper. So thanks goldnugget for giving me a middle of the night inspiration. Another little side note is that the Mint delivered the set very quickly. Your government at work, more efficiently than at some times. Well done, I say. |
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Valued Member
United States
191 Posts |
Quote:I hope this topic has been up long enough that I can be pardoned a slightly off-topic remark, plus I know there is a whole thread on it, but I wanted to thank goldnugget for mentioning the Enhanced Uncirculated set. You made it sound good enough that I immediately ordered one. I have not ordered many proof or uncirculated sets lately, but I think they hit a home run with this one. I'm a bit meh about the quarters, but I really like the five coins in the other holder. I think the frosty finish looks great. The reverse of the Kennedy half is particularly distinctive to my eye. Also, I would venture to say that the cent is the most appealing (and worthy of collecting) Lincoln since they quit making them out of copper. So thanks goldnugget for giving me a middle of the night inspiration. Another little side note is that the Mint delivered the set very quickly. Your government at work, more efficiently than at some times. Well done, I say. I read the other day that someone received theirs with black flakes on the coins. Were there any flakes on yours? |
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Valued Member
United States
314 Posts |
Mine were clean. Not absolutely perfect, but close.
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Pillar of the Community
United States
1913 Posts |
In my business we lose money on 80% of the custom products that we sell. It's impossible to know in advance which ones will make money and which ones won't. So while we don't cover our costs on the 80%, we more than make up for our losses on the remaining 20%. From a business standpoint, the 69's are considered by-products. A by-products is a secondary result that's unintended but inevitably produced in doing or producing something else.
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Moderator
United States
187582 Posts |
A fair comparison, Bret.  |
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Replies: 11 / Views: 2,608 |
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Posted 08/08/2017 4:37 pm
