PCGS grading crypto.. since when?
Had my coins graded by them in 2018.
Funded crypto coins? You have any photos?
Hey, sorry. I didn't realize your reply was directed at me. What photos would u like to see?
Topic: [AUCTION] 2013 Lealana Bitcoin and Litecoin Sets [closed] open for discussion (Read 1043 times)
April 13, 2022, 08:53:23 PM
Had my coins graded by them in 2018.
Funded crypto coins? You have any photos?
Hey, sorry. I didn't realize your reply was directed at me. What photos would u like to see?
April 06, 2022, 02:58:29 PM
He did mention that a lot of the buyers last night were more in the realm of traditional coins and wouldn’t look at crypto as an investment in collectibles. He sees the premiums going up from here with new interest, acceptance, and familiarity with physical crypto.
April 06, 2022, 02:28:19 PM
Pump our bags James
April 06, 2022, 01:07:10 PM
James, who handled everything start to finish for the sale of my coins has agreed to have his contact information shared here. He handles a lot of the cataloguing and the consignors and is open to feedback on ways to improve the presentation for the future sale of crypto coins. If you have any coins you’d like to sell through Stacks Bowers he can help you out with that as well.
James McCartney
Director of Consignments and Numismatics
Stack's Bowers Galleries
470 Park Ave
New York, NY 10022
646-443-5455
[email protected]
Please be respectful with this information. He’s a good guy and is very helpful and excited about a new space being forged in the traditional numismatist community.
James McCartney
Director of Consignments and Numismatics
Stack's Bowers Galleries
470 Park Ave
New York, NY 10022
646-443-5455
[email protected]
Please be respectful with this information. He’s a good guy and is very helpful and excited about a new space being forged in the traditional numismatist community.
April 06, 2022, 11:26:32 AM
@PhysicalCoins4Sale
If you don't mind me asking, how much of a fee did the house take? What was the experience of getting your coins graded by PCGS?
What was the process.
If you don't mind me asking, how much of a fee did the house take? What was the experience of getting your coins graded by PCGS?
What was the process.
Stacks Bowers places a 20% buyer premium on the sales so they actually sell for 1.2x the hammer price. In the case of large sales Stacks split that 20% with me. On smaller sales they probably keep the whole 20%. That’s their fee. They also have to charge sales tax depending on the location of the buyer.
The experience with PCGS was pretty quick and excellent. Stacks actually handled the whole thing and grading cost just over $100 a coin (paid out of the sale price). Stacks being a large customer of PCGS probably gets a discount and definitely gets some pull on getting coins rush graded. The BTC set they had graded very quickly so they could start advertising it and the LTC coins took a few weeks. Basically if you call in to Stacks and set an appointment to drop off or ship in your coins, they handle the rest. I actually brought mine in to NYC personally and they insured them for free and shipped them to CA for the grading and auction. Very smooth experience.
I actually think that your sets did very well at the auction.
On top of that, SB takes care of almost everything for you... makes it even more yummy.
April 06, 2022, 11:22:40 AM
Does Stacks Bowers remove the tax that needs to be paid before they send you your funds? Or is that all on you?
No they don’t. It’s on you. Which is a good thing because you’re taxed differently depending on how long you held the coins and what bracket you’re in. In my case, holding the coins for about 9 years (over 12 months) it’s long term capital gains. It would be different if you purchased them and then sold within 12 months.
April 06, 2022, 10:52:50 AM
@PhysicalCoins4Sale
If you don't mind me asking, how much of a fee did the house take? What was the experience of getting your coins graded by PCGS?
What was the process.
If you don't mind me asking, how much of a fee did the house take? What was the experience of getting your coins graded by PCGS?
What was the process.
Stacks Bowers will negotiate fee structure with you based on your specific consignment. They also have to charge sales tax depending on the location of the buyer.
The experience with PCGS was pretty quick and excellent. Stacks actually handled the whole thing and grading cost just over $100 a coin (paid out of the sale price). Stacks being a large customer of PCGS probably gets a discount and definitely gets some pull on getting coins rush graded. The BTC set they had graded very quickly so they could start advertising it and the LTC coins took a few weeks. Basically if you call in to Stacks and set an appointment to drop off or ship in your coins, they handle the rest. I actually brought mine in to NYC personally and they insured them for free and shipped them to CA for the grading and auction. Very smooth experience.
April 06, 2022, 09:11:31 AM
@PhysicalCoins4Sale
If you don't mind me asking, how much of a fee did the house take? What was the experience of getting your coins graded by PCGS?
What was the process.
If you don't mind me asking, how much of a fee did the house take? What was the experience of getting your coins graded by PCGS?
What was the process.
April 06, 2022, 04:43:35 AM
I can't imagine there are a lot of lealanas that are MS70 I was thinking that contributed to the high premiums
I honestly wonder what the requirements are for a coin to make that grade. I have some coins I feel were not graded fairly by PCGS. One of them is a gold Titan. Its just a beautiful coin and they gave it an MS 67. As well as some other Lealana's I have I thought would be at least MS 69. I'm most likely eventually going to have them regraded, maybe by ICG, because I honestly fell like the guy who graded mine's wife yelled at him or something that day before he left to work, hahaha. Of course i know there are some criteria they follow, but at the end of the day it human judgement. I also have a very rare 1 centavo from the Philippines minted by the US Mint which may very well be the best specimen in existence. My father picked it up in the Philippines back in the 60's and its been in a coin slip till i had it graded. The person who graded it found it to be suspicious because of the toning!!! Like I did something to it to make it that way. Anyway. I'm sure plenty of us have similar grading stories.
April 06, 2022, 04:32:33 AM
Wow, congrats!! Can't believe the prices they went for. Actually, I can believe it, but I suppose being familiar with these coins and knowing the prices over the years its just amazing to see these finally capturing huge premiums. Its actually not that ridiculous when you compare it to something like baseball cards. The amount of money people are dropping on those things these days is just retarded, so many of those cards aren't even rare. I know Steve Aoki dropped like 10 million on sports cards. I think we're going to be seeing a lot of that, just super rich guys looking to diversify in anything.
Does Stacks Bowers remove the tax that needs to be paid before they send you your funds? Or is that all on you? Have to say i deeply regret ever selling of any coins in the past, physical and digital for that matter, hahaha.
Thanks for sharing the info with us and blazing some trails.
Does Stacks Bowers remove the tax that needs to be paid before they send you your funds? Or is that all on you? Have to say i deeply regret ever selling of any coins in the past, physical and digital for that matter, hahaha.
Thanks for sharing the info with us and blazing some trails.
April 05, 2022, 11:54:31 PM
I can't imagine there are a lot of lealanas that are MS70 I was thinking that contributed to the high premiums
I did keep my coins excellent, but there is a huge market of numismatists that are getting their eyes opened to a new area with these coins. I’m sure there are a lot of 66+ that will get huge premiums over the next few years.
In all honesty I got what I was hoping and then some out of the LTC coins. But I was hoping for another $50-100k minimum on the bitcoins. This entering the mainstream is really going to change things.
PS thank you @Eclipse33 for posting the prices. I was going to in the morning.
PPS I got shot down by 5 major auction houses trying to get these listed. Stacks Bowers is the leader on the crypto front. I hope other auction houses start to accept crypto.
April 05, 2022, 09:31:17 PM
Are they high/end collectors who don't know the forum prices?
id say the forum is unaware of the real market and demand. Were all in here sitting on a mountain of coins selling to each other. As more mainstream selling locations come online, prices will explode and these days of cheap sales between each other will be gone. Id say the people in this forum control 90% of the worlds physical bitcoin. Enjoy it while it lasts.From what I've gathered so far, I'd say it's a "Yes", strangely enough.
April 05, 2022, 09:01:17 PM
I can't imagine there are a lot of lealanas that are MS70 I was thinking that contributed to the high premiums
April 05, 2022, 08:56:46 PM
Are they high/end collectors who don't know the forum prices?
From what I've gathered so far, I'd say it's a "Yes", strangely enough.
April 05, 2022, 08:51:03 PM
Who are the clients of this auction house? Are they high/end collectors who don't know the forum prices? At premiums like these I think we can anticipate other auction houses to join in on this.
Even redeemed cas coins pulling a few thousand when the y can be grabbed on ebay for a few hundred dollars.
a bitnickel for almost $5k? who is buying this stuff?
Even redeemed cas coins pulling a few thousand when the y can be grabbed on ebay for a few hundred dollars.
a bitnickel for almost $5k? who is buying this stuff?
April 05, 2022, 08:43:03 PM
April 05, 2022, 08:34:08 PM
This auction finished with very high premiums. Wow. I only scanned quickly but it looks like almost all went for over 2x load. The unloaded Casascius Bit nickel went for nearly $5k.
Good sign for collectors.
Steeley
Good sign for collectors.
Steeley
April 05, 2022, 08:17:40 PM
Links to the auctions/photos in first post.
He means the part about being graded by them in 2018... He was replying to elmejorrematador
April 05, 2022, 03:08:57 PM
Funded crypto coins? You have any photos?
Links to the auctions/photos in first post.
April 05, 2022, 02:43:34 PM
PCGS grading crypto.. since when?
Had my coins graded by them in 2018.
Funded crypto coins? You have any photos?
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