1992 p close am....ms 67

[jcuve]

What happens to the market if this example sells for $15k? Or if it goes to $30k?

[Rollem]

no problem Sean, wasn't taking it that way. I did find the thread about the 92D but didn't find the 92 p.
So I just stuck up the thread

I was following the other because it addressed the shill bidding that I am always so curious about happening.

I don't trust the private bids ebay posts.

[seal006]

I'm with you on this one. I would never even consider spending 10k on a coin like this when who knows how many more are out there to be found. Someone could have a hoard of 100 of these just waiting to kill the market. Maybe in 10-20 more year is no more are found i will be convinced but until then i will just wait for more to pop up and the price to drop down.

Casey I believe you are spot on with that analogy. BUT that could happen with any of the varieties we hold dear. For instance, what if there was a hoards of the 1955 DDO found. Maybe someone back then came across a few rolls of them and stashed them away for safe keeping. If that persons stash were to be uncovered by someone wanting to cash in rapidly then what would happen with it's value? Because there is no way of knowing exactly how many of any given variety exists, every purchase we make is a gamble financially.

[seal006]

What happens to the market if this example sells for $15k? Or if it goes to $30k?

I feel the error and variety market will feel a surge.

[jcuve]

But some varieties might see a decrease in value from a full roll coming onto the market whereas others might be permanently devastated. The '55 DDO might dip, but interest is just too high. I don't know if the CAMs would ever see values returning in a similar scenario. Collectors think there are a handful of them and that it will stay that way.

[seal006]

Jim, privacy of the bidders is the norm in an auction setting. Even in live auctions you do not always see who is bidding. If your bid is immediately bumped up but the person is sitting behind you then you cannot see them. Is the auctioneer placing a phantom bid to bid you up? I feel at one time eBay may have not been as honest as they should have been, but at this point, they have way too much to lose by being dishonest.

[jcuve]

I feel the error and variety market will feel a surge.

But a MS67 could benchmark the price. At $15k that reduces the value on all lesser conditioned coins. At $30k or more it pretty much causes utter chaos...

[jcuve]

James: I merged the two threads to see what would happen. I cannot undo it. Hopeful it will add to the discussion...

[seal006]

But a MS67 could benchmark the price. At $15k that reduces the value on all lesser conditioned coins. At $30k or more it pretty much causes utter chaos...

Jason, I feel when you are talking about this facet of the hobby, conventional wisdom does not apply. Collectors of rare varieties are gonna pay what they wanna pay, no matter what any guide might tell them. Remember the MS 64 Denver that HA sold was RB not RED. and it still fetched $20,000. This one here is full on RED. I hope I am not wrong by feeling this Philly is not done yet. I like what excitement this is bringing to our hobby. Last time I remember this much chatter about coins was with the Wisconsin quarters.

[jcuve]

I'm being pessimistic. I recall the downfall of the 2006 DDO-003. Started out like a house on fire and was at $500. A few months later, after 3 different sellers thought it was okay to multi-list the coin, a MS65 was going for $120 and anything less was dropping below $100. The coin remains rare, and sometimes a MS65 will fetch $250, but often they just languish.

These CAM and WAMs are fun...and I would like to see something positive come of it - and then continue...

[seal006]

Jason, what helps these WAMs and CAMs is, just like the Wisconsin quarters, it is easy for even the non-collector to identify. I also feel that because of the fact these coins are now 10-20 years old it will make for feverish searchers. More people searching, more people getting into the hobby. Win-Win.

[Maineman750]

And this is why I like finding my stuff in circulation or trading for them. I can hardly lose when I have 1 cent invested.

[lara4228]

Hey,

Just got back from camping and while catching up on this thread and reviewing the bidding history on the coin, um, maybe it is me, but the current highest bidder looks suspicious. If you review his bidding history with this particular listing, you will he has only 9 bids for a 30 day period, 5 of them have been on this listing and the other 4 are on one other listing (different seller).

Would this be shill bidding? Just a thought.

Lara

[wapa]

I don't know Lara, it depends on the bidder. I bid the same way on some items whereas I try to get it for the least cost so my bids are in small increments. Then there are those items I put max amount in and if I win it that is a good thing, but if not so be it. I guess I would be concerned that someone buys it but the original seller sells the same item again. You can always check feedback but that doesn't mean much that if the seller and bidder are working together they just don't fill out the feedback. I guess one just never knows.

[Wayne]

Its legit

I know the present high bidder (as of 7-29 @ 12:00 noon)...hes for real.