What am I missing here?

What am I missing here?

This coin usually goes for around $120

http://cgi.ebay.com/ws/eBayISAPI.dll...tem=3955207123

What made this one worth over $200

JAM

On Wed, 09 Feb 2005 10:37:22 -0500, Moses Horwitz "Moses
wrote:

What am I missing here?

This coin usually goes for around $120

http://cgi.ebay.com/ws/eBayISAPI.dll...tem=3955207123

What made this one worth over $200

JAM

Hmm ... prices on the PCGS website are somewhat higher.

--
Bob Hairgrove

On Wed, 09 Feb 2005 10:37:22 -0500, Moses Horwitz "Moses
wrote:

What am I missing here?

This coin usually goes for around $120

http://cgi.ebay.com/ws/eBayISAPI.dll...tem=3955207123

What made this one worth over $200

JAM

1. Well, there was a bidding war for the coin and the high bidder
obviously felt it was worth even more than the $205.01 as he upped his
maximum bid once he took the lead for good.

2. It looks to be a very clean 64 so the bidders may have felt it was
a crackout candidate.

3. The weak dollar may also factor in as the winner is from Great
Britain.

Bob Hairgrove wrote:

On Wed, 09 Feb 2005 10:37:22 -0500, Moses Horwitz "Moses
wrote:

What am I missing here?

This coin usually goes for around $120

http://cgi.ebay.com/ws/eBayISAPI.dll...tem=3955207123

What made this one worth over $200

JAM

Hmm ... prices on the PCGS website are somewhat higher.

--
Bob Hairgrove


Prices on the PCGS website are the most over optimistic prices on the web. Prices on the PCGS web site are for coins in PCGS holders that have been hyped up by the set registry promotions.

JAM

Phil DeMayo wrote:

On Wed, 09 Feb 2005 10:37:22 -0500, Moses Horwitz "Moses
wrote:

What am I missing here?

This coin usually goes for around $120

http://cgi.ebay.com/ws/eBayISAPI.dll...tem=3955207123

What made this one worth over $200

JAM

1. Well, there was a bidding war for the coin and the high bidder
obviously felt it was worth even more than the $205.01 as he upped his
maximum bid once he took the lead for good.

2. It looks to be a very clean 64 so the bidders may have felt it was
a crackout candidate.

3. The weak dollar may also factor in as the winner is from Great
Britain.

Hummm, could be, could be.

JAM

Well, actually, although the Coin Universe prices are high in some
areas, they are woefully low in others. Despite the claims on their
website that prices are updated weekly (or some such words) the fact is
that some of their prices are over a year old and are now well under
wholesale levels. I know this and I live with this fact every day.

PCGS is so busy with other paying areas of their business that they
have no staff or even a single full time person to update these prices
much less check all the data sources .

As far as your claim that the 1935 certified Peace Dollar sells for
about $120, the current Graysheet dealer wholesale is $125 bid and $135
asked (for an average one). That coin looks like a much better than
average one, I'd say PQ, from the photos and I'm not at all surprised
that it went over wholesale. Besides, whether it's a crack-out
candidate or not, folks frequently pay over so-called retail (which is
often out of date in a rising market) for coins with better than
"average" eye appeal. I pay strong money all the time for such coins
and I have no problem selling them.

So, to anwser your question, that's what "you are missing."

Ira

Ira Stein wrote:

Well, actually, although the Coin Universe prices are high in some
areas, they are woefully low in others. Despite the claims on their
website that prices are updated weekly (or some such words) the fact is
that some of their prices are over a year old and are now well under
wholesale levels. I know this and I live with this fact every day.

PCGS is so busy with other paying areas of their business that they
have no staff or even a single full time person to update these prices
much less check all the data sources .

As far as your claim that the 1935 certified Peace Dollar sells for
about $120, the current Graysheet dealer wholesale is $125 bid and $135
asked (for an average one). That coin looks like a much better than
average one, I'd say PQ, from the photos and I'm not at all surprised
that it went over wholesale. Besides, whether it's a crack-out
candidate or not, folks frequently pay over so-called retail (which is
often out of date in a rising market) for coins with better than
"average" eye appeal. I pay strong money all the time for such coins
and I have no problem selling them.

So, to anwser your question, that's what "you are missing."

Ira

Humm, maybe, maybe

http://tinyurl.com/6gmxy

http://tinyurl.com/5o4ft

JAM