Diamondslayer

Need 1980 1/10 Krugerrand coin, no cert, not grade specific.....

On 8/27/2022 at 9:13 PM, Coinbuf said:

Thicker tin foil is the answer.  

Lol!! But you know that on EBay you can have multiple accounts and push your own items bid price up. That is only one reason you get second chance emails. That is why I “buy now”. 

On 8/27/2022 at 12:33 PM, EagleRJO said:

What is your concern with proxy or automatic incremental maximum bidding?

I like the price I paid, and the coin, but I was wondering how reliable and trust worthy internet bidding can be knowing that everything can be hacked? I don't think the auction house is evil, but someone in their community could look and/or hack the prices and manipulate the bidding. I guess I am wondering how much people trust technology. BTW, I am not a hacker. I barely know enough to join a chat community...lol. 

So another question is, should I skip proxies and bid during the live event? 

Thanks for you humble opinion. I am a newbie and don't know much, but I will definently change my price to 150! Thanks again. 

On 8/27/2022 at 11:59 AM, Scott0949 said:

IMHO....That's a high price. They're selling on ebay graded PF70, for $140 and up. But hey, if someone is willing to pay your price...good for you!

On 8/27/2022 at 9:51 AM, Scott0949 said:

. Someone's selling them for $499.99 on ebay. I highly doubt they will sell at that price, but I think they'll be worth more than $193. I guess time will tell. 

I am selling them out of my store for 225, but it is just COA. I did not have them graded. Do you think I am pricing them right?

On 8/18/2022 at 3:59 PM, Mr.Bill347 said:

 

as far as grading medals, I have one in particular that I love, plus a lot of commemorative coins graded.

I like this medal. I bought the Liberty on August 18th and kinda regret it. It’s not as pretty as this one!

I was wondering what y’all thought of putting proxies on bids? Do you think proxies can be manipulated? Do you trust internet or even live bidding proxies? Me and my paranoid mind I have issues with trust…lol. I bid on a coin and my proxy won the auction, but another coin almost like mine went for less. Dum, da da da, dumb, right? 

On 8/23/2022 at 1:17 PM, investinrehabs said:

Someone is selling a few Libertys NGC PF70on ebay, with the ANA Chicago coin show label, for $499.99. I don't know if anyone will pay that, but they're for sale.

On 8/22/2022 at 7:55 PM, EagleRJO said:

Or just buy it from MCM in the OGP for $102, which is a little closer to the $75 US Mint Price, and just leave it like that. 

What is MCM and OGP? 
 

do y’all think it is fair that you can’t get FDOI unless you can buy the coin from the mint at a trade show and give it to NGC that day? I bought some coins with proof that I bought them on the same day and only got an early release. Is there anyway to dispute it? 

On 8/18/2022 at 4:08 PM, Sandon said:

      Modern art and medals made for collectors with a mintage of 75,000 are extremely unlikely to ever be considered "rare".  Virtually the entire mintage is likely to remain in existence, and there aren't as many serious collectors of such items as there are collectors of legal tender coins.  There doesn't appear to be much of an "aftermarket" for them either as compared to coins. I haven't even heard of people seeking high grades for them as for coins! (These should all be virtually flawless anyway.)  As there is no question of the medal's authenticity, and it is already sealed in a protective capsule with a government box and certificate, I see no reason to spend substantial money over and above the mint's inflated price to send these to a grading service.

Thank you!! 

Is a 75,000 mint for medals rare?

On 8/18/2022 at 3:14 PM, DWLange said:

 

Hello, 

The title says it all. I want to know if anyone would have this medal graded? Is it even worth having graded? It has a 75,000 production and mintage, but is that rare for a medal? I don't know much about medals and don't even know if they are worth collecting. 

Keep me posted,

Diamondslayer

Almost the same in any business. When cost come down and see that the consumer is still paying, the business takes the premium until they see their numbers fall. In my business, diamonds have increased 30% these last two years. When wholesale diamond prices go up they never come down.  Never!!

On 8/13/2022 at 2:09 PM, GoldFinger1969 said:

Don't quote me on this.....and I'm not 100% sure....but my experience has told me that sellers are a wee bit faster to RAISE prices when costs go up than to CUT prices when costs go down. 

I'll research this and report back......

 

Thank you!!

On 8/13/2022 at 2:24 PM, EagleRJO said:

Congrats on the purchase of your coin.

On 8/13/2022 at 6:13 AM, EagleRJO said:

I watch gold spot prices and it was a lot more than 10%. Spot was about $1,800/oz to start out the year and went up to $2,050/oz in early March, which is a $350/oz or ~20% increase, before coming back down. I saw about a 25% or so increase in the double eagles, maybe somewhat related to that,  and there was generally a 15% to 20% increase in other more expensive coins, even with one's not so much related to spot prices.

Bubble, spike, etc. whatever you want to label it that is an unusual rise in the price of coins pretty much across the board for more expensive US coins. I''m seeing some signs of those prices coming back down to reality.

I got the impression you had already purchased the coin.

I pulled the trigger yesterday. I just wanted to know what y’all thought.
 

I have been keeping an eye on the futures too. Fundamental analysis says that we are on our way to a major recession. Technical analysis says that we have enough room to break out from here. That is my opinion. This is coming from my outlook on the five year weekly chart and the year daily chart. This is just my opinion and in no way should be taken as investment advice. I am usually wrong, but that is the reason I trade options. This gives me the ability to mitigate loss or turn them into winners with adjustments to my trade. Again, this is not investment advice. 

Have I done something wrong? I am not able to ask anymore questions in the newbie section. I have the best account. Please keep me posted!

On 8/12/2022 at 7:39 PM, Sandon said:

 Who told you that there are "under 1500 of these coins known"?  A quick look at the "PCGS Population Report" and the "NGC Census" indicates that NGC and PCGS have numerically graded a total of 1,609 1860-S double eagles and that NGC has assigned an additional 63 impaired pieces a "details" grade. (PCGS does not report its "details" population.)  Additional pieces have likely been graded by other grading services, and there are undoubtedly uncertified pieces.  (Some certified pieces may have been submitted more than once.)  PCGS Coinfacts indicates that 63 1860-S double eagles were recovered from the SS Republic and graded by NGC--probably including the one you are considering--and 18 others were recovered from the SS Brother Jonathan.  Those who want a coin from a shipwreck usually aren't picky about the date.

  With a few notable exceptions, there's no way to know how many pieces out of a specific issue of coin made for circulation presently exist.  Millions of U.S. gold coins were sent to Europe and elsewhere under the international gold standard, and I understand that there are still quantities coming back.  These and pieces that people in the U.S. saved when gold coins were recalled in 1933 are the major sources of classic U.S. gold coins collected today, not shipwrecks.  

   If you really want a "shipwreck coin", you might want to save up for one of the 5,000 or so 1857-S uncirculated double eagles that were recovered from the SS Central America, the most famous salvaged shipwreck.  These are much more attractive than circulated pieces and always in demand.  Coin World lists them at $5,500 in MS 62, $7,750 MS 63.

   While it should have no bearing on your decision, note that Lincoln was elected president in 1860 but not inaugurated until March 4, 1861.

   

No one told me that there were 1500 or less. I knew that there were only a few hundred graded coins, but I thought it was 1500.   Before I looked at the PCGS and NGC graded coins and made the post I thought that graded coins were 1500. (Me and my quick math…whoops) But I was close, and I DID know that they were graded. I know that there are numismatics that don’t believe in grading coins and that there are way more coins out in this world. But they are still pretty rare in my opinion. Especially a graded AU53. I like graded coins because it Is an opinion by a professional. Kinda like a diamond report. Peace of mind and freedom from risk helps the consumer make a decision. That is the reason I need y’all’s opinions too.  But don’t forget, I’m a newbie and I maybe wrong. That is why this post is in the newbie section.  

Would you buy a diamond without paperwork? I kinda feel the same way about coins, but maybe I am biased since I am a diamond wholesaler. lol. I looked at the prices for grading and BAM. It is expensive. Still making up my mind though. 

On 8/12/2022 at 5:20 PM, VKurtB said:

Note: there ARE hundreds of people who would say, “Heck yeah, send it in!” But overwhelmingly they would have no earthly reason why that makes sense. They clearly believe SOMETHING that is not true. The less they think about it, the easier they can sleep. 

I do. I want rare coins, and knowing that there are under 1500 of these coins known gets me excited for their future invstment. Plus a real weird fact I like is that this was Lincoln's inaugural year. I would love to have a ship wrecked coin, but funds are tight right now. I hope no more ships are found in the meantime with these 1860-s coins. lol. But, I will keep working hard to build my collection. 

On 8/12/2022 at 4:51 PM, GoldFinger1969 said:

BTW, Welcome Aboard, DS. 

Do you have an interest in Double Eagles or gold coins in general...or maybe the Liberty type coins ?

Not sure about your level of knowledge and expertise, but there's tons of good stuff on these forums....in the coins sold in the past over at HA (the coin information attached to some of the rarer coins is priceless)....and in some very good Double Eagle books (maybe you have them). 

follow Double Eagles, but my interest is more in the Saint-Gaudens types.  I do hope to add some Liberty's in the future.

It is an "S"

On 8/12/2022 at 2:26 PM, Diamondslayer said:

It is a 1860 double eagle no motto au53 NGC. Feeling nervous, be as diplomatic as possible...lol. And where do you find the auction price?

 

It is a 1860 double eagle no motto au53 NGC. Feeling nervous, be as diplomatic as possible...lol. And where do you find the auction price?

On 8/12/2022 at 2:10 PM, GoldFinger1969 said:

Are those the $$$ amounts for the coin in question, $3,500 and $4,000 ?

We have no way of judging since we don't know what coin it is.  It could be a coin that comes up for sale every week or every few weeks....or it could be one that comes up every few months or less.  That is important.

And using recent auction prices for an identical or similar coin is probably the best.

Thank you! I am glad to be here. I am truly a newbie!!

On 8/12/2022 at 2:09 PM, J P Mashoke said:

I find both price guides are the high retail or max price you would want to pay for anything. Oh and welcome to the forum

If I buy in between PCGS and NGC price is it a good deal retail?? So I paid in between a NGC 3500 and a PCGS 4000. I don't know if I should give anymore info or not. Like the coin info and the price I paid. Shoul I be buying below NGC and where? 

I forgot to mention that I bought it on the August 9th within the first hour or so. Does that matter?

On 8/12/2022 at 11:50 AM, The Neophyte Numismatist said:

In my opinion, you should not.  Graded Silver Eagles can be very tough to sell.  IMO you will get much more milage with a raw coin with more upside in the OGP.

The topic title says it all.

How do I know if I should spend the money on the coin for grading? I don't want to waste my money. I forgot to mention that I bought it on the August 9th within the first hour or so. Does that matter?