1956 3d PCGS MS66 Sells for $3750

ausproofs · April 27, 2014, 08:41:22 AM

Quote from: 'markn' pid='47503' dateline='1398553038'
Quote from: 'ausproofs' pid='47502' dateline='1398552861'Thanks Mark... This is a really good place to learn about coins and what is happening in the marketplace. Looking forward to contributing as much as I can ....

You are most welcome. I like your observations about buying late date top pop coins. It's not an inherently bad thing to do but you should expect that your "top pop" probably won't be forever.

Yes, that's the point... When you pay a few grands for a coin you want it to hold its value... The risk is when you buy a coins for an astronomically high price, as soon as it becomes the second best it will go 10 times less... Ie top pop 1957 proof penny PR67RD went for $12 K ... PR66RD goes for ~$2K ... I have a few equal second bests I bought for a few $$$ whereas their big bothers would fletch tens of thousand $..... As per my original post I paid $$$$ for a 1952 Shill now it is equal second best (6 coins )... Not sure what that does to mine... Lesson learnt...now I know how to play the market.. When you spend your own money, you learn very fast...

markn · April 27, 2014, 08:48:19 AM

Quote from: 'ausproofs' pid='47504' dateline='1398553882'now I know how to play the market.. When you spend your own money, you learn very fast...

yes that seems to be the fastest way to learn

dcoin · April 27, 2014, 09:27:54 AM

With top pop coins you also have to realise a lot of collectors don't care with respect to the long-term value of the coin, they just want to have the currently finest 'graded'.

Basil · April 27, 2014, 09:35:31 AM

Quote from: 'ausproofs' pid='47504' dateline='1398553882'. Lesson learnt...now I know how to play the market.. When you spend your own money, you learn very fast...

Welcome,yeah its a jungle out there,Ebay is good training before taking on the Pro.'s. whose sole aim is to maximise profit on every Coin/Note they sell.

ausproofs · April 27, 2014, 09:35:48 AM

Quote from: 'dcoin' pid='47511' dateline='1398556674'With top pop coins you also have to realise a lot of collectors don't care with respect to the long-term value of the coin, they just want to have the currently finest 'graded'.

I agree with you to a certain degree, but to pay $10,000 more for May be 12 months of glory is not worth in my books... May be I am too poor :yahoo:

I agree for a early coin it is well worth it as the likelihood of equal finest coming out of woodwork is slim.. However for a later coin with vey high mintage, likelihood is very much there..

I have seen some collectors, they just want the best and they have deep pockets.. What can I say....:idea:

ausjack · April 27, 2014, 09:41:20 AM

yes I agree dcoin, I must be king of the castle and be numero uno on the pop chart and then my life is complete, well there's a lot that think like that in the coin world. So many think they are better than they actually are :winkextra:

ausproofs · April 27, 2014, 09:44:40 AM

Quote from: 'Basil' pid='47513' dateline='1398557131'
Quote from: 'ausproofs' pid='47504' dateline='1398553882'. Lesson learnt...now I know how to play the market.. When you spend your own money, you learn very fast...

Welcome,yeah its a jungle out there,Ebay is good training before taking on the Pro.'s. whose sole aim is to maximise profit on every Coin/Note they sell.

Thanks mate... I have been collecting for a while... I have bought fakes, some junk coins off eBay ... Poorly graded coins .. You name it, I have done it... Now I have spent a lot of time learning how to grade coins etc, but more mature in that way...

I buy lot of coins from Walter and Eric, also from Chris (Pacific rim) ... Easier to buy graded coins than buying raw... Last time I bought a 1934/35 Florin, it came back in a body bag .... So wasted $600++ for nothing !!! Life is a journey... You learn everyday ..

ausjack · April 27, 2014, 10:01:09 AM

ya might have to start posting some pic's Aus :winkextra:

ausproofs · April 27, 2014, 10:05:21 AM

Quote from: 'ausjack' pid='47520' dateline='1398558669'ya might have to start posting some pic's Aus :winkextra:

Yes, why not... What coins would you like to see ? :yahoo:

trout · April 27, 2014, 10:06:04 AM

Quote from: 'ausproofs' pid='47522' dateline='1398558921'
Quote from: 'ausjack' pid='47520' dateline='1398558669'ya might have to start posting some pic's Aus :winkextra:

Yes, why not... What coins would you like to see ? :yahoo:

ALL of em

ausproofs · April 27, 2014, 10:09:33 AM

Quote from: 'trout' pid='47524' dateline='1398558964'
Quote from: 'ausproofs' pid='47522' dateline='1398558921'
Quote from: 'ausjack' pid='47520' dateline='1398558669'ya might have to start posting some pic's Aus :winkextra:

Yes, why not... What coins would you like to see ? :yahoo:

ALL of em

That's going to take a long time... Let me see what I can do.. May be post some fakes first ( which I have paid money and someone very happily sold them to me off eBay ) ...

ausjack · April 27, 2014, 10:12:31 AM

:laugh2: yeah what troutski said, but what ever you'd like mate as most of us here just love coins so it really doesn't matter so just grab a hand full so I can :drooling:

dcoin · April 27, 2014, 10:12:38 AM

The main thing to remember 'ausproofs' is that coin collecting (at least for me and most others I assume) all comes down to enjoyment, it shouldn't be about making money or loosing it, obviously that is at the back of most peoples mind, however, you should collect a series of coins which you enjoy and/or is a challenge to complete your set, whether that be top pop or all in VF condition.

ausjack · April 27, 2014, 10:13:55 AM

Yeah some fakes would be nice but sorry you got ripped to find out about them the hard way

trout · April 27, 2014, 10:23:01 AM

You should start a new thread AP when you post the pic's.
This one is going WAY of topic :angel: