Author Topic: WOW of the day  (Read 634975 times)

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Offline Birdman

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Re: WOW of the day
« Reply #210 on: July 30, 2011, 08:28:17 AM »
Demand is strong for the microdate.  $3000 for MS69.

http://cgi.ebay.com/1995-China-Panda-10-Yuan-Small-Twig-Micro-Date-NGC-MS69-/260817422371?pt=LH_DefaultDomain_0&hash=item3cb9ee0823

To think that somebody probably bought this coin for less than ten bucks in 1995.  Wow.

Offline adamc4

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Re: WOW of the day
« Reply #211 on: July 30, 2011, 12:20:43 PM »
To think that somebody probably bought this coin for less than ten bucks in 1995.  Wow.

Or to think somebody bought it for less than $100 last year

Offline mrslick32

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Re: WOW of the day
« Reply #212 on: July 30, 2011, 02:14:21 PM »
The coin looks really nice and shiny. I also love the design of the 1995 panda. If I could afford it, I would have also bought it.

Offline Birdman

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Re: WOW of the day
« Reply #213 on: August 02, 2011, 02:50:57 PM »
This is not a sale, but to see that someone would even have the courage to ask $10,000 for a silver 1991 Panda is remarkable...Am I missing something?

http://cgi.ebay.com/1991-10Yn-China-Silver-Panda-Lg-Date-PCGS-MS70-POP-1-/130544539767?_trksid=p4340.m185&_trkparms=algo%3DSIC.NPJS%26its%3DI%26itu%3DUA%26otn%3D5%26pmod%3D160619312344%26ps%3D63%26clkid%3D1782443155979690709

Condition is important, but to ask over 33 times the price of a recent sale MS69 for an MS70?

Offline Obsidian

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Re: WOW of the day
« Reply #214 on: August 02, 2011, 04:51:23 PM »
A seller can ASK anything they want.  No buyer will be crazy enough to pay it!

Offline mrslick32

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Re: WOW of the day
« Reply #215 on: August 02, 2011, 04:57:56 PM »
A seller can ASK anything they want.  No buyer will be crazy enough to pay it!

That may be the next "WOW" of the day". LOL!

Offline MrOrganic

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Re: WOW of the day
« Reply #216 on: August 02, 2011, 10:28:40 PM »
This is not a sale, but to see that someone would even have the courage to ask $10,000 for a silver 1991 Panda is remarkable...Am I missing something?

http://cgi.ebay.com/1991-10Yn-China-Silver-Panda-Lg-Date-PCGS-MS70-POP-1-/130544539767?_trksid=p4340.m185&_trkparms=algo%3DSIC.NPJS%26its%3DI%26itu%3DUA%26otn%3D5%26pmod%3D160619312344%26ps%3D63%26clkid%3D1782443155979690709

Condition is important, but to ask over 33 times the price of a recent sale MS69 for an MS70?

I know the seller! LOL  I told him that was waaayyyyyy too much $$$ to ask. He didnt like my view :)  2nd or 3rd time he has had that up for sale
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Offline PandaOrLunar

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Re: WOW of the day
« Reply #217 on: August 03, 2011, 12:18:20 AM »
So what explanation did the seller gave for posting at that high price?

Offline MrOrganic

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Re: WOW of the day
« Reply #218 on: August 03, 2011, 11:37:57 AM »
So what explanation did the seller gave for posting at that high price?

extremely low pop reports
EMERGING MARKET GROUP  
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Long Beach Expo
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DECEMBER: Macau/H.K.

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AUGUST: Hong Kong


GO TO my Ebay Click: http://stores.ebay.com/worldcollectibles310

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Offline larrydreher

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Re: WOW of the day
« Reply #219 on: August 03, 2011, 12:47:19 PM »
extremely low pop reports

The days of PCGS coins having a more strict grading criteria than NGC are over.  PCGS is turning out more early date panda 70's than NGC especially given the fact that they grade far fewer than NGC.  Given other issues with PCGS like poorly sealed slabs and the lower value guaranty of authenticity, I predict that over time the premium they have enjoyed will turn into a discount for modern chinese coins.

tamo42

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Re: WOW of the day
« Reply #220 on: August 03, 2011, 01:10:36 PM »
I don't understand PCGS' limitation on their guarantee at all. It seems counterproductive.

Offline Birdman

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Re: WOW of the day
« Reply #221 on: August 03, 2011, 03:44:38 PM »
I don't understand PCGS' limitation on their guarantee at all. It seems counterproductive.

If PCGS limits their liability, then if they slab a counterfeit of a $10,000 Chinese coin, they are only responsible for writing a $1000 compensation check to the person who later buys the slab and discovers the problem, not the full $10,000 replacement value...  At least that is how I understand it.  They are covering their butt.  It is "productive" for them, unless people send their coins to NGC instead.

Offline fractalfate

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Re: WOW of the day
« Reply #222 on: August 03, 2011, 04:33:49 PM »
I would like to add that it seems PCGS is much more inconsistent in their grading than NGC. I've seen several 70's that look like 69's and 69's that look like 68's, and vice versa, with PCGS. Although no grading system is perfect, I believe consistency is absolutely paramount. Along those same quality lines, several comments about the lack of environmental protection (specifically openness to atmospheric gases) have been made in regards to PCGS vs. NGC holders... Is there any objective evidence of this available, or is this just an opinion?

Offline mrslick32

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Re: WOW of the day
« Reply #223 on: August 03, 2011, 05:16:00 PM »
If PCGS limits their liability, then if they slab a counterfeit of a $10,000 Chinese coin, they are only responsible for writing a $1000 compensation check to the person who later buys the slab and discovers the problem, not the full $10,000 replacement value...  At least that is how I understand it.  They are covering their butt.  It is "productive" for them, unless people send their coins to NGC instead.

In my opinion, this also implies that PCGS is not confident enough in their expertise in certifying the authenticity of Chinese coins. This is not a big issue for me personally since I prefer to use NGC over PCGS anyway, but it's not good for people who like PCGS graded Chinese coins.

tamo42

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Re: WOW of the day
« Reply #224 on: August 03, 2011, 08:47:41 PM »
I meant I don't understand their motivations. I get how the process works. It seems worse than useless since it makes me as a collector believe they aren't willing to back up their certifications.