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- - Wow! 1/4 Eagle auctions for $28,000! (http://goldismoney.info/forums/showthread.php?t=224942)

qatarman1969 | 01-19-2008 11:18 AM
Wow! 1/4 Eagle auctions for $28,000! Wow...check out this auction... http://coins.ha.com/common/view_item...3&Lot_No=24411 Am I reading this right? If you scroll down a bit, there's a "Price Guide" table that shows PCGS MS-70 at $7,000. And yet this coin is currently bid up to $24,700 + 15% buyers premium, for a total of $28,405. What the....? Wow...this is why I don't mess with numismatics! Sure is a pretty coin, though...

Maple | 01-19-2008 01:41 PM
Re: Wow! 1/4 Eagle auctions for $28,000! It's a half-ounce. That might be why? :sarc:

Gcubed | 01-19-2008 01:50 PM
Re: Wow! 1/4 Eagle auctions for $28,000! Notice that the reserve price has not been met. Some seller may be dreaming? Quote:
Originally Posted by qatarman1969 (Post 924880) Wow...check out this auction... http://coins.ha.com/common/view_item...3&Lot_No=24411 Am I reading this right? If you scroll down a bit, there's a "Price Guide" table that shows PCGS MS-70 at $7,000. And yet this coin is currently bid up to $24,700 + 15% buyers premium, for a total of $28,405. What the....? Wow...this is why I don't mess with numismatics! Sure is a pretty coin, though...

Optimus SubPrime | 01-19-2008 03:31 PM
Re: Wow! 1/4 Eagle auctions for $28,000! Quote:
Originally Posted by qatarman1969 (Post 924880) Wow...check out this auction...
that coin has a PCGS population of 4 with none higher... so the bidders are probably registry-set collectors trying to put together a best-in-class set (which requires the top-graded coin for each year)... so effectively, people will pay almost anything for a highest-grade coin just for registry-set bragging rights... it's sheer madness. :confused_ma:

Gcubed | 01-19-2008 03:38 PM
Re: Wow! 1/4 Eagle auctions for $28,000! Am I missing something in the info on the linked site? It states that the $28K+ reserve has not been met. That means to me that no bidder is willing to pay the price demanded. Again, is the seller dreaming? There is NO bid for $28k+ 'cubed Quote:
Originally Posted by Optimus SubPrime (Post 925199) that coin has a PCGS population of 4 with none higher... so the bidders are probably registry-set collectors trying to put together a best-in-class set (which requires the top-graded coin for each year)... so effectively, people will pay almost anything for a highest-grade coin just for registry-set bragging rights... it's sheer madness. :confused_ma:

Optimus SubPrime | 01-19-2008 03:58 PM
Re: Wow! 1/4 Eagle auctions for $28,000! well it's kind of hard to tell what a coin like that is really worth 'cubed... I'd say it's too high even by crazy top-end market standards. but in any case, if the reserve isn't met by 10pm tomorrow then yes he's dreaming...

Worldmariner | 01-20-2008 06:08 PM
Re: Wow! 1/4 Eagle auctions for $28,000! Quote:
Originally Posted by qatarman1969 (Post 924880) Wow...check out this auction... http://coins.ha.com/common/view_item...3&Lot_No=24411 Am I reading this right? If you scroll down a bit, there's a "Price Guide" table that shows PCGS MS-70 at $7,000. And yet this coin is currently bid up to $24,700 + 15% buyers premium, for a total of $28,405. What the....? Wow...this is why I don't mess with numismatics! Sure is a pretty coin, though...
Melt and barter value is identicle to the bullion grades... :D

Jekyll7 | 01-21-2008 11:29 AM
Re: Wow! 1/4 Eagle auctions for $28,000! If you look closely, you can pick out a few tiny imperfections on the coin. By definition then, it is not a 70. So really, people aren't buying a coin anymore. They are buying a slab grade with no regard to what is inside it. This is not the first time I've seen a 70 with visible blemishes. Biggest scam in numismatics, IMO.

Streets Of Gold | 01-21-2008 12:57 PM
Re: Wow! 1/4 Eagle auctions for $28,000! Quote:
Originally Posted by Jekyll7 (Post 927776) If you look closely, you can pick out a few tiny imperfections on the coin.
I doubt that. :no_ma: It's probably some dust :yes:

cigarlover | 01-21-2008 02:07 PM
Re: Wow! 1/4 Eagle auctions for $28,000! I can get those in China for 50.00!!!:D

Jekyll7 | 01-22-2008 12:27 AM
Re: Wow! 1/4 Eagle auctions for $28,000! Quote:
Originally Posted by Streets Of Gold (Post 928021) I doubt that. :no_ma: It's probably some dust :yes:
Look very, very carefully on the reverse between the letters "G" and "O" of "GOLD" and you will see a minor rim nick. There also appears to be a more shallow imperfection on the obverse side rim between the 7th and 8th stars up from the bottom, on the left side. http://i2.photobucket.com/albums/y38...oldeagle-1.jpg http://i2.photobucket.com/albums/y38...goldeagle2.jpg

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