Show in Orlando in Sept.

[sanitarium_inmate]

I am planning on going to a show at the Orlando fair grounds in Sept. I was wondering if any of you were going to make it there, or do you go to just the FUN show in Jan? Plus, do you know if they have an auction there? I plan on selling my ms67 CDDR-001 and was wondering if it would be best to do it at a show or just sell on ebay? Any advice would be appreciated. Should I hold onto it and wait to see if it truely is the top pop and a low pop before selling or do you think I would be wise to off it ASAP. I've never had a coin at top pop and don't know the ropes too well right now for something like this. Thanks for any advice. Kris

[trails]

I am V.P. of that coin club who is giving that show, so "yes" I will be there. As the CONECA representative, I also have a table at the show which I do free attributions on variety and error coins.

The stopped doing the auction at the show. There was just not enough interest in it. I think that the lots had to high a starting bid (which was close to book price) and that is what really did it in. However, it is a great show and well worth the time to go to.

As for your coin, hold on to it for awhile and see how the prices are going. There is a real interest in these doubled dies and some of them are going at a pretty good price.

BJ Neff

[jcuve]

I won't be at this coin show as it isn't anywhere near me. I hope you all have fun without my presence (LOL)

Here is my two cents on selling these newly slabbed coins: with no established market for these varieties encapsulated anything is possible.

They could sell well, or poorly. I think someone has to take a chance and sell one to see what will happen. If it was me, I would pick the one slabbed coin I could do without and list it at .99¢. Based on the amount of bidding and final price I would determine if it was in best interest to sell a higher grade(s). Setting starting bids at the minimum price you feel comfortable selling the coin at will not generate interest (or bids!). If it is too much of a gamble, wait for someone else to sell a slabbed version (regardless of grade), and see what happens. I guarantee that tons of these are in some sort of transit to or from ANACS as we speak.

At this point it is anyone's guess as to what the top grade will be and what the population of these varieties will be in two months or six months. There's also no guarantee that someone else won't list an encapsulated MS67 while yours is up with a low buy-it-now or a much lower starting bid. These varieties have already been over listed to the point that they are selling far, far below where they were just a few weeks ago.

Don't get me wrong, I would very much like to see encapsulated FY varieties sell well and consistently. I wish all the best with selling your beautiful slabbed FY errors.

[sanitarium_inmate]

I will stop by your table definately BJ. I will hold on to the 67 for now. The 65 I will keep for myself. The other 3 will go on ebay. Jason I had already started the 2 ms66's when I read your post, I started them at $99. I don't feel comfortable with starting them at .99 the way they have been getting lowball bids since a few weeks ago. Like you said someone has to jump in the water first and I guess I'm the first so we shall see where the graded ones fair in these times. BJ I will be bringing my neighbor who is interested in getting into our hobby. Hopefully you might be able to give him some pointers that I may have missed. He likes the cents like me so I lent him my Red Book " A Guide Book of Lincoln Cents" #9 to get him somewhat familiar. I will be helping him learn the ropes.
Kris

[jcuve]

On June 16th three CDDR-002s in NGC slabs sold for: $100; $76.99; and $81 - in that order. The slabs were of course not labeled with the variety as NGC doesn't appear to be authenticating this variety. At that point CDDR-002 was selling raw for about $18 and CDDR-001 for $8-10. Now CDDR-002 is down to about $8 and CDDR-001 is down to $4-5. There's even sales of a sets of DDRs 1-4 going for around $20-25. I think the market is oversaturated, but by that same token, very much underrepresented by slabbed versions. My guess is the next wave of sales will be slabbed and the raw will drop away in numbers offered. Your auctions could be the bellwether auctions for slabbed ANACS FYs. I'll bet right now a whole slew of eBay sellers are watching your auctions to see where they go.

$99 as an opening bid, while safe for the seller, doesn't encourage bidding on most varieties. When auctions work well, they pull at least two bidders in who get caught up in the frenzy of buying (and bid high in the end). When bidding is low, that's when people see stars in their eyes and hope for a cheap sale - if bidding goes up, and they don't want to give in and drop out, they keep bidding even though that wasn't their original intention. Of course on the flip side, when auctions don't work well for whatever reason, good stuff can sell for way too low, thus I understand higher opening bids and reserves. Either way it is a gamble but I would go with the first option. If using the second option, and the merchandise were to not sell, I would be very leery of re-listing.

As a collector, I think it is too early to know what these 2009 FY Lincolns, will on the average, grade at. I would guess based on previous years of Lincoln cents, that the cut off will be either MS68 or 69 in regards to real rarity – but maybe with these DDRs it will be MS67? Only time will tell…

Good luck with your auctions!

[sanitarium_inmate]

Thanks Jason, I started them at that price being they will probably end before any more hit ebay. I don't mind losing the $1.60 in fee's to get them out there and noticed. Yes there is a few watchers of each but I understand that many are just like me and wanting to see if they sell so they can sell theirs when they get them. I know that if someone truely wants them they will stop at nothing to get them and it's those people that help the market stay afloat on these. I've seen a couple NGC 68's and no takers on the BIN one, as far as these go it would be very hard to find one that grades higher than the 67 in my eyes but who knows. I saw 2 of the NGC ones sell without the label showing the true variety on it, those scared me for about a second but I think people buy the labels sometimes. Some don't know how to submit coins to be graded or for a crossover so they may just wait for us to do the leg work for them.