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« Last edited by yos9694 on August 18, 2021, 01:46:13 PM »

Author Topic: New Coin Deal  (Read 1228880 times)

Offline meme

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Re: New Coin Deal
« Reply #3400 on: November 20, 2019, 04:23:05 PM »
That's also PF70 and Baltimore (sold at show?). That's gotta be pretty rare. Doesn't show the value of just a signed certificate.
I missed the PF70 but if anything signed directly from the mint has more value.

Offline sddd

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Re: New Coin Deal
« Reply #3401 on: November 20, 2019, 04:25:26 PM »
and it's in hand. Earliest anyone else will have them is next week as turnaround is minimum week outside of the shows.
Only 500 were sold at Baltimore and a fraction were graded and a fraction are 70's.
Prices will come down as there are more graded and listed.

Offline Hiding

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Re: New Coin Deal
« Reply #3402 on: November 20, 2019, 04:27:42 PM »
That's a point to consider, but what about the possiblity of being PF70 (and of getting the signed certificate). What are the odds?
So what is the consensus? Is it worth it to get it graded?

Offline aygart

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Re: New Coin Deal
« Reply #3403 on: November 20, 2019, 04:28:35 PM »
There will always be coin collectors out there, in 20 years, how many pcs will still be circulating?
But what is a reasonable expectation of a rise in price from the current $1k?
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Re: New Coin Deal
« Reply #3404 on: November 20, 2019, 04:31:21 PM »
Don't sell cheap. Dealers names have been posted in the threads. No I am not going to post them again. Give them a call before you sell.
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Offline meme

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New Coin Deal
« Reply #3405 on: November 20, 2019, 04:38:03 PM »
But what is a reasonable expectation of a rise in price from the current $1k?
Its 1995 W cousin with a similar 30k mintage trades at around $2500. But top grades can go for 15k or more.

For various reasons some say these won’t command the same premiums, but at least you can get an idea of the max range.
« Last Edit: November 20, 2019, 04:41:41 PM by meme »

Offline chayal101

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Re: New Coin Deal
« Reply #3406 on: November 20, 2019, 04:42:21 PM »
But what is a reasonable expectation of a rise in price from the current $1k?
only God knows what it'll be worth ... I'll check into DDF & let you all know then!
Chaya L.

Offline AJK

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Re: New Coin Deal
« Reply #3407 on: November 20, 2019, 05:01:01 PM »
How is it a small investment and not a $1,000 investment?

I highly doubt this thing keeps up with inflation.

That's not an accurate way of looking at it.

This coin was a $70 *investment.*  That it happens to currently be worth $1,000 doesn't change the amount invested.

Re inflation, we'd need Venezuelan-level inflation for this not to keep up considering it's risen more than 1300% in less than a week already.
2015: 116K bkd | 1.6M brnd | F: OZ,NH,AA,EK | J: UA,CA,TK,DL,TN,AF,VA | LIH,NRT,ROR,PEK,CNS,BOB,MEL,TLV & Pacific Hopper

Offline EJB

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Re: New Coin Deal
« Reply #3408 on: November 20, 2019, 05:03:03 PM »
That's not an accurate way of looking at it.

This coin was a $70 *investment.*  That it happens to currently be worth $1,000 doesn't change the amount invested.

Re inflation, we'd need Venezuelan-level inflation for this not to keep up considering it's risen more than 1300% in less than a week already.

The question is what to do from now on. So last weeks rise is irrelevant.

Offline Dan

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Re: New Coin Deal
« Reply #3409 on: November 20, 2019, 05:04:17 PM »
That's not an accurate way of looking at it.

This coin was a $70 *investment.*  That it happens to currently be worth $1,000 doesn't change the amount invested.

Re inflation, we'd need Venezuelan-level inflation for this not to keep up considering it's risen more than 1300% in less than a week already.
Meh. Looking at it as a $1000 opportunity cost (if this is what reputable dealers are now paying) is more accurate than a $70 investment IMHO.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline AJK

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Re: New Coin Deal
« Reply #3410 on: November 20, 2019, 05:09:03 PM »
The question is what to do from now on. So last weeks rise is irrelevant.

$1,000 in 1995 is, due to inflation, the same as $1668 today.  Considering the 1995s (which may or may not be similar) are trading at $2500 today, it far exceeded inflation (note: I am far from a numismatist, but these numbers were thrown around upthread).
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Offline AJK

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Re: New Coin Deal
« Reply #3411 on: November 20, 2019, 05:14:56 PM »
Meh. Looking at it as a $1000 opportunity cost (if this is what reputable dealers are now paying) is more accurate than a $70 investment IMHO.

I'm being pedantic and talking in the abstract.  Investment is an investment, not opportunity cost.

In this scenario, I agree that OP gifting the coin to his/her son is not a $70 gift.  I'd argue the amount of the gift is equal to the FMV at the time of the gift.  So if s/he gives it now, it's a $1,000 gift.
2015: 116K bkd | 1.6M brnd | F: OZ,NH,AA,EK | J: UA,CA,TK,DL,TN,AF,VA | LIH,NRT,ROR,PEK,CNS,BOB,MEL,TLV & Pacific Hopper

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Re: New Coin Deal
« Reply #3412 on: November 20, 2019, 05:20:06 PM »
I'm being pedantic and talking in the abstract.  Investment is an investment, not opportunity cost.

In this scenario, I agree that OP gifting the coin to his/her son is not a $70 gift.  I'd argue the amount of the gift is equal to the FMV at the time of the gift.  So if s/he gives it now, it's a $1,000 gift.
In that case when he bought it the FMV was not $70.
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Re: New Coin Deal
« Reply #3413 on: November 20, 2019, 05:28:46 PM »
In that case when he bought it the FMV was not $70.

A willing seller sold 30,000 units to willing buyers at $70.  I'd say that at least for that instant in time the FMV was certainly $70.

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Re: New Coin Deal
« Reply #3414 on: November 20, 2019, 05:30:54 PM »
A willing seller sold 30,000 units to willing buyers at $70.  I'd say that at least for that instant in time the FMV was certainly $70.

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Re: New Coin Deal
« Reply #3415 on: November 20, 2019, 05:32:50 PM »
A willing seller sold 30,000 units to willing buyers at $70.  I'd say that at least for that instant in time the FMV was certainly $70.
And ten times that many would have paid more.
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Re: New Coin Deal
« Reply #3416 on: November 20, 2019, 05:33:55 PM »
I'm being pedantic and talking in the abstract.  Investment is an investment, not opportunity cost.

In this scenario, I agree that OP gifting the coin to his/her son is not a $70 gift.  I'd argue the amount of the gift is equal to the FMV at the time of the gift.  So if s/he gives it now, it's a $1,000 gift.
Anyone making an investment decision needs to weigh the potential growth from where it is at the time they are making that analysis not based on what growth that already was. That would be the question when deciding whether or not to keep an investment.
Feelings don't care about your facts

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Re: New Coin Deal
« Reply #3417 on: November 20, 2019, 05:35:14 PM »
It is not Friday.  :)
I tried to warn you.  :)
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Offline normathej

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Re: New Coin Deal
« Reply #3418 on: November 20, 2019, 06:10:14 PM »
Meh. Looking at it as a $1000 opportunity cost (if this is what reputable dealers are now paying) is more accurate than a $70 investment IMHO.

It’s not dissimilar to other people’s commitment sagas, I bought the coin under the premise that I’d be giving up maybe $200 profit to get him a cool coin, my pleasure; never thought it would go up in value like it has. I told my son I had ordered it for him, now I should say never mind you can’t have it?  If I didn’t have enough money to pay for gas and groceries, I probably would. But I am not in that position right now.

Offline AJK

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Re: New Coin Deal
« Reply #3419 on: November 20, 2019, 06:11:33 PM »
It’s not dissimilar to other people’s commitment sagas, I bought the coin under the premise that I’d be giving up maybe $200 profit to get him a cool coin, my pleasure; never thought it would go up in value like it has. I told my son I had ordered it for him, now I should say never mind you can’t have it?  If I didn’t have enough money to pay for gas and groceries, I probably would. But I am not in that position right now.

So give him the $200+cost?

Assuming hes not a coin collector, that should be sufficient for him. I'm assuming he has no idea how much the FMV is now.
2015: 116K bkd | 1.6M brnd | F: OZ,NH,AA,EK | J: UA,CA,TK,DL,TN,AF,VA | LIH,NRT,ROR,PEK,CNS,BOB,MEL,TLV & Pacific Hopper