New Coin Deal

[CountValentine]

ebay is a cesspool. Are dealers paying 1100?

via ebay, yes.

[zale]

ebay is a cesspool. Are dealers paying 1100?

There are enough verified purchases at that price point to assume that this is the legitimate going price right now.

[zale]

You're focusing on one of the (at least) three problems with PFS's business model that prevent him from having a halachik claim. Retail seller didn't have the object yet, no fair market price existed, and no payment was made. Depending on how many of those problems you resolve, there might be a mechusar emunah issue or even mi shepara, but in the current business model none of those apply.

The bottom line here is that PFS had a business model that never worked al pi halacha, but up until now it didn't matter. But with the frenzied competition doubling and tripling his offers this time (that we've never encountered before), and with his lagging response choosing to match (never beat) upon request (which is questionable ethics in its own right), most of his potential buyers saw a tempting reason to abandon the deal. After all, why bother reaching out to ask for a match - at best he'll match it, and if you happened to not see the best deal out there he's not going to tell you about it. I'm sure based on this experience he'll have to consider changes to his business model for future.

As it stands now, I would add one more: Mekach Taus.

[CountValentine]

There are enough verified purchases at that price point to assume that this is the legitimate going price right now.

Dealers are buying on ebay through shell accounts.

[sddd]

via ebay, yes.

DP from large dealer

https://www.moderncoinmart.com/2019-s-1-oz.-american-silver-eagle-enhanced-reverse-proof-1-coin-gem-proof-ogp-sku60027.html

Pretty good sign that they think the frenzy won't last.
We may have peaked.

[Dan]

There are enough verified purchases at that price point to assume that this is the legitimate going price right now.

I'm not doubting the price. But selling one coin on ebay is risky.

[zale]

I'm not doubting the price. But selling one coin on ebay is risky.

You can simply raise the price to $1500 and put a best offer option. When the offers come in you can choose whom to sell it to. I think someone with 50+ feedback is reliable enough.

[CountValentine]

DP from large dealer

https://www.moderncoinmart.com/2019-s-1-oz.-american-silver-eagle-enhanced-reverse-proof-1-coin-gem-proof-ogp-sku60027.html

Pretty good sign that they think the frenzy won't last.
We may have peaked.

Have no idea where the price is going but their prices have always sucked. Can't remember the last time they had a good deal.

[sddd]

Have no idea where the price is going but their prices have always sucked. Can't remember the last time they had a good deal.

That's their sell price not buy price.

[CountValentine]

That's their sell price not buy price.

ok, I seen that. I am talking about them in general not just this deal. They use to be a major player but no longer.

[chbochur]

Without providing his name, can you explain the reasoning?

My guess is based off smeh 12 in ch"m siman 204

[CountValentine]

DP from large dealer

https://www.moderncoinmart.com/2019-s-1-oz.-american-silver-eagle-enhanced-reverse-proof-1-coin-gem-proof-ogp-sku60027.html

Pretty good sign that they think the frenzy won't last.
We may have peaked.

I like how they word this part "in its Original Government Packaging". Does that mean in the original sealed box from the Mint. If not they are going to get the coin graded and give you duds. Their price is ridicules if that is the case.

[aygart]

Anyone watching the impeachment hearings? Like to get the Kool-Aid perspective on it.

Here ya go....

Was channel surfing and hit the impeachment hearings. It was a R asking the questions and watched about 5 minutes of it. Every question was about Biden and his son. Someone let the moron know he is in wrong hearing. 

[CountValentine]

Here ya go....

It was rhetorical.

[meme]

https://www.ngccoin.com/news/article/7889/

Interesting read about general background of Silver Eagles and thoughts about long term value of this 2019 release.

[normathej]

@CountValentine you seem to be the resident expert.  Can I open the USPS box - is there another internal seal that will still make this be a "sealed" coin?  Not selling the coin just curious to see it...  May want to grade it, not sure on that yet.

[grodnoking]

Where can one sell a coin from a box that was opened?

[Mootkim]

@CountValentine you seem to be the resident expert.  Can I open the USPS box - is there another internal seal that will still make this be a "sealed" coin?  Not selling the coin just curious to see it...  May want to grade it, not sure on that yet.

In terms of what everyone means by "sealed", no you cannot open the USPS box

[Mootkim]

Where can one sell a coin from a box that was opened?

I saw listings on Ebay

[normathej]

So whether or not I want to grade it, and assuming it's a long term hold, keep it in the sealed box? 
I want to know if I got a hand signed one...