Good deal or waste of time and $21?

[Revenant]

Well, I just made myself the winner of this "Buy it Now" auction: http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MEWNX:IT&item=360052038943

 

The coin lists with Numismedia for $53.75. The picture and the description match. This appears to be a really good deal for me. Did I miss something here? What are the odds that the seller makes good on the sale? I suspect that this was supposed to be listed at $46.99 and the $16.99 was a mistake.

 

What do you guys think?

 

[physics-fan3.14]

I'm betting he probably makes good, but I wouldn't buy from him. He routinely lists strike doubling as hub doubling at highly inflated prices, at least on Franklins, which I watch closely.

[Revenant]

I'm betting he probably makes good, but I wouldn't buy from him. He routinely lists strike doubling as hub doubling at highly inflated prices, at least on Franklins, which I watch closely.

 

Other than claiming good strike quality he doesn't seem to be making outlandish claims. (I'm not much of a fan of franklins though) I'm not spotting any claims of Doubling but he seems to think that everyone of his "BU" franklins is FBL.

[physics-fan3.14]

Just one of many examples. The prices on some aren't as inflated as I recall, but they are still at least twice what its worth. The second one is at least 3 times what its worth.

 

http://cgi.ebay.com/OLD-US-COIN-1959D-SILVER-FRANKLIN-HALF-DOLLAR-ERROR_W0QQitemZ260042128912QQihZ016QQcategoryZ524QQrdZ1QQssPageNameZWD1VQQcmdZViewItem

 

http://cgi.ebay.com/OLD-US-COIN-1963D-SILVER-FRANKLIN-HALF-DOLLAR-ERROR_W0QQitemZ360047393955QQihZ023QQcategoryZ524QQrdZ1QQssPageNameZWD1VQQcmdZViewItem

[Bruceswar]

Being a QTR person this was a good deal. Not the find of the century, but a good buy. This is all Assuming the QTR is a true MS 66. Hard to tell from the photo. Good Luck!

[TomB]

On this particular example I will disagree with Bruce and would say you might have done better pulling a coin from a roll. The 1954-S Washington quarter was generally a very weakly struck coin, but one that came with terrific luster. It is not unusual to find MS64-MS66 coins of this date raw and offered for sale at less than the $21 spent on this coin. Of course, those coins would be raw and not slabbed. Personally, I would rather pick out a nice raw one for $10 then to buy something essentially sight-unseen for $21, but that is just me.

[James_OldeTowne]

1954-S is a notoriously common bank hoard date. There must still be many thousands of OBW rolls in existence. I have seen dealers sell them literally dozens at a time.

 

However, for $21 bucks, almost any already-certified coin is a good deal. Heck, you paid for certification and got the coin for free!

 

By the way, the 1954-S is also a common bank hoard date for other denominations, including the cent, dime and half-dollar. It is not quite so common for the nickels, though still hardly rare.

[Bruceswar]

On this particular example I will disagree with Bruce and would say you might have done better pulling a coin from a roll. The 1954-S Washington quarter was generally a very weakly struck coin, but one that came with terrific luster. It is not unusual to find MS64-MS66 coins of this date raw and offered for sale at less than the $21 spent on this coin. Of course, those coins would be raw and not slabbed. Personally, I would rather pick out a nice raw one for $10 then to buy something essentially sight-unseen for $21, but that is just me.

 

Tom me and you both. I would much rather save and buy a raw one. I just happen to know he needs it for a registry set. In fact I have a whole set of them raw.

[Just Bob]

Current NGC population is 1642 in MS66, 251 in MS67, and 3 MS68s. If it were a Roosevelt with those numbers, $16.99 would be too much to pay, so for a quarter, it should be about right, especially since Bruce seems to think so - he follows the Washington market, and knows it far better than I.

[PCcoins]

I think you did well. I had a 54s in a PCGS ms65 slab and I know it was a 64 at best. So I sold it to my local dealer, and he paid dealer price I believe it was $26. (not sure what he uses for pricing) As he buys the grade on the holder. (thumbs u

[TomB]

On this particular example I will disagree with Bruce and would say you might have done better pulling a coin from a roll. The 1954-S Washington quarter was generally a very weakly struck coin, but one that came with terrific luster. It is not unusual to find MS64-MS66 coins of this date raw and offered for sale at less than the $21 spent on this coin. Of course, those coins would be raw and not slabbed. Personally, I would rather pick out a nice raw one for $10 then to buy something essentially sight-unseen for $21, but that is just me.

 

Tom me and you both. I would much rather save and buy a raw one. I just happen to know he needs it for a registry set. In fact I have a whole set of them raw.

I hadn't realized this was a registry-fueled purchase. With that in mind I see little downside to the purchase of the coin. By the way, Bruce, your raw Washington set must be killer.

[chinook]

The guy lives near me. Let me know if you have a problem.

[Revenant]

The guy lives near me. Let me know if you have a problem.

 

Thanks but I'm thinking I shouldn't. I was notified today by PayPal that he made a label to mail it to me. Hopefully he puts the right thing in the envelope.