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 Replies: 26 / Views: 2,932 |
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Pillar of the Community
 United States
5887 Posts |
Thanks QH! I felt confident it was a decent buy at this price.
-CH27
Collector of U.S. Coins, Varieties, and Colonial Coinage
Edited by CoinHunter27
02/20/2021 10:17 pm
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Pillar of the Community
United States
1590 Posts |
That is a superb example!
I remember when I first started to sell RPMs about 9 years ago. I remember getting $50 to $60 for an 1956D-RPM1. Then a man found an OBW roll and sold them one after another. The first one went for a premium, the second about the same, but he was listing a new one every three days for almost 6 months! needless to say the bottom fell out of that market. As I recall the last few went for less than $5 shipped. I think greed made him gloss over any consequences of flooding the market. He probably thought he was going to get $60 a piece for all 50!
It has been awhile since I dabbled in the RPM market. It seems like unless you have an obscure RPM, it needs to be full red to sell.
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Bedrock of the Community
 United States
12477 Posts |
Nice one.  In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pillar of the Community
United States
5887 Posts |
Thanks spruett! jmkendall, your assessment is correct from what I've seen. A full red example is one of the few ways to sell an RPM like this one for top dollar. I recall the story of this variety flooding the market too. Dropped the value a lot. Same story with the 2019-W quarters as collectors found rolls with them and sold them off fast.
-CH27
Collector of U.S. Coins, Varieties, and Colonial Coinage
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Pillar of the Community
United States
6116 Posts |
Surprisingly affordable for a whumping strong RPM. Nice pick up.
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Pillar of the Community
United States
5887 Posts |
Thank you Bats! I was honestly surprised when I won the auction. Thought it would go higher for sure.
-CH27
Collector of U.S. Coins, Varieties, and Colonial Coinage
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Pillar of the Community
 United States
4618 Posts |
@coop... Wasn't 1956 the year they offered a new choice of beverage on the Mint's lunch menu? Bottomless mug FRIDAY only 10¢ extra!  ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!! 
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Moderator
United States
56855 Posts |
W...O...W . Very nice buy. John1  |
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Pillar of the Community
United States
5887 Posts |
Thank you John!
-CH27
Collector of U.S. Coins, Varieties, and Colonial Coinage
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Pillar of the Community
United States
1590 Posts |
CH27, agreed, people just were stupid greedy when it came to the 2019-W Quarters. I know a man who had rolls with W enders and wanted $200 a roll! He also had tubes of 19-Ws that he wanted $20 each for. I do believe he got his price....for a very short while.
When the feeding frenzy died he was left with 5 tubs/rolls, and eventually he came into the shop and sold them to us for $4 each. We sold them for $6.50 to our regular collectors and $2 for our young collectors.
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Pillar of the Community
United States
5887 Posts |
Sounds like you guys ran a good deal for the W quarters! I went out and got some rolls when they first released. I found around 14 2019-W Lowell examples. Kept I think 3 or 4 of them which I still own. They were selling for around $50-$60 each when I found mine but I felt they were going to drop significantly in price. I sold them for $10 a piece to some happy dealers who probably flipped them for more. There were some very greedy sellers on ebay who were getting $100+ for some examples when they first came out. Slabbed examples went for a stupid amount as well. -CH27 Collector of U.S. Coins, Varieties, and Colonial Coinage
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Replies: 26 / Views: 2,932 |
First Page
Posted 02/20/2021 10:20 pm
