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Replies: 1,627 / Views: 120,209 |
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Pillar of the Community
United States
1903 Posts |
My comment is based on "big customers" who pay the TPG big bucks for fast turn around times and large volume like HSN and QVC. I have always listened to my gut. And when you see one source getting "more than their fair share" of 70 grade sets it tells me some other mechanism is at play. The ratio of PF69 and PF70 sets coming out of the batch of big retailers doesn't seem to be in line with what I am hearing and reading from people on the forum. I would think that if something such as replacing coins that are available outside this set so that their big customers got more ( and more profitable) PF70 sets, they would do it. Money talks in corporate America, we would be naive to think that a TPG wouldn't take care of a big customer by replacing lesser condition coins with "perfect" ones, especially if it can be done "behind the scenes" and no one be the wiser. TPGs are by nature "human" at the core. Coins are sent by people, received by people, graded by people, and paid by people. When people are allowed to do things "behind closed doors", corruption and desception always follow. I say we use TPGs like the big buyers do. We, here at CCF, should work as a collective. Send in our coins as a block, expect special treatment and do our dealings with them "behind closed doors". Until we can get behind that door we will always be one step behind corporate America.
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Pillar of the Community
United States
7840 Posts |
 Behind Closed Doors, Charlie Rich, 1973
Edited by oih82w8 11/13/2011 11:01 am
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Pillar of the Community
United States
1903 Posts |
Edited by unholyroller 11/13/2011 11:08 am
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Valued Member
United States
247 Posts |
Seems like the average price for an opened set is going for $700-$750, unopened $800-$850, individually for the unique coins $300-$400 and the remaining 3 coin "set" plus packaging for around $200. Why would people spend the $600-$800 just to get the unique coins when you could get the full set for less? Then you have the ones who seem content on paying pretty much double the value for the "common" coins plus packaging.... ebay sure is a strange place
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Pillar of the Community
United States
4901 Posts |
Quote:Why would people spend the $600-$800 just to get the unique coins when you could get the full set for less? Then you have the ones who seem content on paying pretty much double the value for the "common" coins plus packaging.... ebay sure is a strange place Absolutely correct....and...the "unique" coins are probably culls from cherry picking the sets...best ones went off for grading. That's why these are being sold rather than graded...
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Valued Member
United States
247 Posts |
I'm just happy I was able to get my 1 set after an hour and a half of fighting with the website, although for the frustration I should have picked up 2. If anything just to sell so the first would have been "free". Didn't quite see the need to order the full 5, so far I'm still a coin collector. I haven't quite graduated to coin hoarder yet ;)
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Pillar of the Community
United States
1027 Posts |
$200 seems like just the right price for the packaging and the three non-unique coins. The proof goes for $59 from the mint, the uncirculated is $51, and the mint sells the bullion to APs in million dollar blocks for $37 ($2 over spot, it would probably be $45 from the mint with packaging and a COA.) and a good web price in singles is $38. $59+$51+$38=$148, leaving $52 for the fancy display case, $45 if we treat the bullion coin as a $45 mint offering. This is about what we paid for these items from the mint as part of the set so those are going very close to cost. Proof and uncirculated coins are not bullion, they are numismatic items. If we figure the $300 we paid was $59 each for two proofs, $51 each for two uncircs, $40 for the bullion and $40 for the case, the 3+case cost was $190.
The answer to "Why would people spend the $600-$800 just to get the unique coins when you could get the full set for less?" is they aren't. What people are doing is buying one or the other of the unique coins for about half what the whole set costs. If you add it all up it looks odd but individuals are not buying the pieces to assemble a set. When you part out a car, you are not expecting one person to give you more for the pieces than they would for the whole car. You are expecting a bunch of people to pay more for the pieces than one person would pay for the whole car.
Edited by clairhardesty 11/13/2011 12:17 pm
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Valued Member
United States
247 Posts |
Well that's true.... I guess I'm just under the assumption that the majority of these individual coin purchases are by people looking to maintain a complete ASE set, which case you would need both coins. Should that be true it's still cheaper to buy the set for the 2 coins and sell the other 3. Why buy the milk when you can get the whole cow ;). (great, now I really want a burger.)
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Pillar of the Community
United States
1903 Posts |
Edited by unholyroller 11/13/2011 5:51 pm
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Pillar of the Community
United States
4901 Posts |
Quote: I haven't quite graduated to coin hoarder yet ;) You're not a hoarder if you buy two sets and sell one that pays for both...you are a smart person 
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Pillar of the Community
United States
1205 Posts |
It seems logical that the more sets are ripped apart for grading would eventually make unopened sets in original OGP more valuable in the long run....go ahead big companies, slab away, you'll drive up my boxed values!
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Valued Member
United States
301 Posts |
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Valued Member
75 Posts |
I know this may have been answered before, but I can't find it. If one opens their 1 set from the mint he/she can still send 2 of the Eagles to be graded and get the 25th Anniversary Label correct or not?
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Pillar of the Community
United States
4901 Posts |
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Pillar of the Community
United States
4901 Posts |
Quote:Money talks in corporate America, we would be naive to think that a TPG wouldn't take care of a big customer by replacing lesser condition coins with "perfect" ones, especially if it can be done "behind the scenes" and no one be the wiser. Wow....can't even comment on that paranoia
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Replies: 1,627 / Views: 120,209 |