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View Full Version : POTF Coins skyrocket???



c5po
08-30-2006, 10:27 PM
It appears someone else is trying to cash in on the latest coin craze. Are these becoming that rare or are people vastly overpaying? I really want a complete set, but not at these prices. Thoughts?

http://cgi.ebay.com/Star-Wars-POTF-Tusken-Raider-Coin-Rare-Minty_W0QQitemZ260026665743QQihZ016QQcategoryZ5233 5QQrdZ1QQcmdZViewItem

Ian_C
08-30-2006, 10:59 PM
Uh oh, this belongs to James Gallo - a moderator in this very forum. I do not believe James is 'cashing in' on anything.

If you read the auction, you'd see that the Tusken was never released on a cardback, and being a mailaway only, is a significantly harder piece to find. Trust me, I've seen other coins go much higher.

You need to do some reading, and learn about coin 'categories', and relative rarity. http://threads.rebelscum.com/images/graemlins/wink.gif

Ian

Trent
08-30-2006, 11:06 PM
I'd also like to add that James is a fair trader and while the BIN is maybe a little more than some others recently of the same coin, it isn't out of the realm for this coin.

It's a hard call to say "cashing in". I just acquired my last coin in the 62 set and the only way I would have done it was for somebody to release theirs into the wild. Collectors who have these coins aren't necessarily going to let them go "just because". It has taken a catalyst.

Congrats to those who got coins recently - hopefully that's one or two steps closer.

On my count, there are 2-3 other threads covering this exact subject. I'm not sure that we need to cover this ground again.

c5po
08-30-2006, 11:24 PM
To the seller and fellow posters...I did not mean to insult the seller by saying "cashing in". Just a poor choice of words. Sorry. Just trying to point out how coins are such a hot item right now and wondering why that is. Also, perhaps just angry with myself that I didn't start collecting them a few years ago when prices were lower.
I know there have been other threads recently, but the topic intrigues me...my apologies.

Chancellor_Peter
08-31-2006, 12:44 AM
I just acquired my last coin in the 62 set and the only way I would have done it was for somebody to release theirs into the wild. Collectors who have these coins aren't necessarily going to let them go "just because". It has taken a catalyst.



Congratulations Luthersquire on getting your last 62nd Coin, which is this FX-7 Coin (http://cgi.ebay.com/STAR-WARS-POTF-COIN-FX-7-FX7-BREAKING-A-SET_W0QQitemZ300019779496QQihZ020QQcategoryZ52335Q QssPageNameZWDVWQQrdZ1QQcmdZViewItem). Welcome to RS's Completed Vintage POTF Coin collector's "club" http://threads.rebelscum.com/images/graemlins/wink.gif

At least I'm glad to have completed my basic set of POTF 62 Coins and the 63rd "Jedi Knight" Coin before the said "catalyst" occured. http://threads.rebelscum.com/images/graemlins/grin.gif

SABRESEDGE
08-31-2006, 01:55 AM
Congrats Luthersquire on your set! Now what about those extra's you have? http://threads.rebelscum.com/images/graemlins/wink.gif http://threads.rebelscum.com/images/graemlins/grin.gif

SWaddict
08-31-2006, 05:03 AM
The seller is cashing in. What's wrong with saying that? It's 40-50% more than what most raider coins have gone for over the last few years and the seller has every right to ask any amount he wants. Especially in light of the recent increase in prices. Geez, last time I checked the law of supply and demand/capitalism still exists in this country http://threads.rebelscum.com/images/graemlins/grin.gif

ClankTheRobot
08-31-2006, 08:39 AM
While the price for this might be a little bit more than one might imagine, keep in mind the rarity and the demand. Being someone who thinks the coins are neat little trinkets but has no interest in collecting them, I still can almost understand this price. Heck, I want a Vlix like you wouldn't believe (even a replica at this point), so I understand the "rarity X demand = big bucks" scenario. Full sets of coins have been going for multiple thousands for a bunch of years now, so one of the rarest coins by itself pulling in $500 is hardly a surprise. It's cheaper per coin to buy the whole set, but how often do you get a chance at that. Like anything else, piecing it together from separate auctions is going to cost you. I don't write the rules, I just follow them and complain afterwards... http://threads.rebelscum.com/images/graemlins/tongue.gif

Greg

Mark_Huber
08-31-2006, 08:50 AM
Looks like the $1400 Greedo Coin sold to a new user with no feedback. I am sure the coin will stay firmly sealed to the card until payment is made. http://threads.rebelscum.com/images/graemlins/grin.gif

Mark

Leif_G
08-31-2006, 09:04 AM
To the seller and fellow posters...I did not mean to insult the seller by saying "cashing in". Just a poor choice of words. Sorry.



While I think the term 'cashing in' may have some connotations that are misleading, lets face it... James, like many collectors also runs a commerical website and is a dealer of Star Wars collectibles. He is also obviously a well respected and knowledgable authority on the POTF coins. So he's not just stepping up to take advantage of a trend in POTF coin sales and that is where the term 'cashin in' is probably misleading. At the same time, let face it... he's out to make a profit on an investment, like any other dealer.

On the subject of POTF coin pricing trends. I think people buying these coins at these prices are probably looking to complete sets. They've probably been looking for these coins for a long while. I think if I only needed one more coin to complete a set I would also be tempted to spend some extra money to acquire it.

I always remember soemthing Gus wrote about the CAT V POTF coins in an older article.

"I can't stress enough how incredibly difficult it is to find any of these coins. If you are near completion of your POTF coin collection and come across any Category V coins you need, I suggest not being the least bit picky about the price. You will be lucky to even see these on the market. They usually sell for around $75-100 when they do appear."
http://www.toysrgus.com/images-coins/coin-article.html

(Obviously the prices have changed).

What I find interesting is that while I continually see people posting that they just need a particular coin to complete their set and often they've been looking for a long time for this coin... I think I've seen several nice examples of each and every POTF coin there is, for sale on the open market in the last 6 months. So there are alot of these coins trading hands lately.

James_Gallo
08-31-2006, 09:22 AM
To be clear

Guys, all this has made me laugh a bit.

These coins are from my personal collection and have no connection to my business at all.

I feel at this point the coin market is inflated and I could use some extra cash to buy other better things. As a result I put some coins up at higher prices.
If they sell great. If not, I don't mind keeping them.

I am not sure "cashing in " is the right term, but if the offer is good I am willing to let some of these coins go.

Hope that clears things up.

James G

Mark_Huber
08-31-2006, 09:25 AM
Looks like the $1400 Greedo Coin sold to a new user with no feedback. I am sure the coin will stay firmly sealed to the card until payment is made. http://threads.rebelscum.com/images/graemlins/grin.gif

Mark



Correction, his status has been changed, he is now no longer registered. File this one under ebay Fraud and lets see if it gets listed again.

Mark

Jorge
08-31-2006, 09:37 AM
damn... that's just mean. to make chris go through all that with the ebay fee refund and then to have to relist it again.

cmaybur
08-31-2006, 09:45 AM
I had an auction ruined by a brand-new ebay user who chose the "buy it now" option. It was a POTF Yoda that I had listed as a featured auction ($19.95!), and the auction was absolutely ruined and I had to start over. I did not get that $19.95 refunded. Ebay needs to prevent brand-new zero feedback users from being able to "buy it now".

Chancellor_Peter
08-31-2006, 11:36 AM
Looks like the $1400 Greedo Coin sold to a new user with no feedback. I am sure the coin will stay firmly sealed to the card until payment is made. http://threads.rebelscum.com/images/graemlins/grin.gif

Mark



Correction, his status has been changed, he is now no longer registered. File this one under ebay Fraud and lets see if it gets listed again.

Mark



Hi Mark,

Please PM me the URL link to this US$1.4K Greedo auction in eBay if you don't mind.

Thanks.
-Peter

Ian_C
08-31-2006, 12:03 PM
Please PM me the URL link to this US$1.4K Greedo auction in eBay if you don't mind.



Simple completed search option for 'Greedo coin' gave me this (http://cgi.ebay.com/vintage-Star-Wars-POTF-Greedo-Coin-uncirculated_W0QQitemZ320021459981QQihZ011QQcatego ryZ2475QQssPageNameZWDVWQQrdZ1QQcmdZViewItem). http://threads.rebelscum.com/images/graemlins/laugh.gif

Ian

Mark_Huber
08-31-2006, 12:07 PM
That's the one. Ian beat me to it.

Mark

Leif_G
08-31-2006, 12:16 PM
If the coin is sealed to that prototype it's kind of a shame to remove it eh?

Chancellor_Peter
08-31-2006, 02:02 PM
Simple completed search option for 'Greedo coin' gave me this (http://cgi.ebay.com/vintage-Star-Wars-POTF-Greedo-Coin-uncirculated_W0QQitemZ320021459981QQihZ011QQcatego ryZ2475QQssPageNameZWDVWQQrdZ1QQcmdZViewItem). http://threads.rebelscum.com/images/graemlins/laugh.gif

Ian




Thanks Ian for the link. At last I know who (http://threads.rebelscum.com/showprofile.php?Cat=&User=493&Number=2028085&Board=c4&what=showflat&page=0&view=collapsed&sb=5&o=&fpart=2&vc=1) kenwax is! http://threads.rebelscum.com/images/graemlins/wink.gif

c5po
08-31-2006, 09:44 PM
Again, I apologize for making it seem like you were being some shady, money-grubbing seller. Not my intent in the least. I was just trying to call attention to something that both interests and amazes me.
I've read the toysrgus website numerous times and followed much of the pricing on ebay over the past year and a half. It's just very apparent that many of these coins are on the rise and I was just wondering if people thought it would be a continuing trend or something that would dip in a year or so. I mean in ten years will collectors be paying 3 grand for a Greedo?

michael_mensinger
08-31-2006, 10:57 PM
The POTF coin market has always been cyclical with prices ebbing and flowing like the tides. Price spikes are largely dependant from my perspective on a number of collectors nearing completion of sets at the same time. A handful of collectors simultaneously gunning for the same rare coins to complete their sets equates to short term price spikes. These spikes typically cause, as we are currently seeing, the rare coins to emerge from collectors' hands that wish to capitalize at the right point in time, which in turn often satiates the demand. I believe the coin prices will settle once more, just as they have in the past. Now is definitely not the smartest time to begin the assembly of a set given the elevated hype as a result of recent performance.

-Mike

c5po
08-31-2006, 11:36 PM
Mike..
Thanks for your thoughts. I hope you're right about prices potentially dropping a bit in the future. Now, comes the hard part...resisting the urge to fork over half my paycheck and waiting for those prices to come down, so I can complete my set.

VadersClone
09-01-2006, 08:53 PM
Just was wondering and can't seem to find it any where, but how many scummers are part of the complete 62 potf coin club? Anyone know?

castlediamond
09-02-2006, 02:48 PM
2 more Greedo coins listed on ebay, one with a price of $800. I personally feel in a month the price will be sub $500.

POTF_COINS
09-05-2006, 04:23 PM
Cashing in for sure, Vastly overpaying for sure. But hey, its a free market, if you dont like it, dont buy it. The seller got an overanxious market and good for him for selling to that market. The POTF coins on Ebay for the last year to year and a half are ridiculous. I think its really just about 20-30 guys with too much money that have sent the prices through the roof. They spend so recklessly they run off your average POTF coin collector, and set the marker ridiculously high. Some of these buyers have recently finished sets hopefully the madness will end soon.

Trent
09-05-2006, 06:25 PM
Cashing in for sure, Vastly overpaying for sure. But hey, its a free market, if you dont like it, dont buy it. The seller got an overanxious market and good for him for selling to that market. The POTF coins on Ebay for the last year to year and a half are ridiculous. I think its really just about 20-30 guys with too much money that have sent the prices through the roof. They spend so recklessly they run off your average POTF coin collector, and set the marker ridiculously high. Some of these buyers have recently finished sets hopefully the madness will end soon.



Free market, free country, free opinion.

Damn glad to be one of those with the means to pay ridiculous prices and enough money to be reckless.

Also glad that I just got my 62nd coin today, in great condition so I'll be putting up my own 'extras' this evening.

Leif_G
09-05-2006, 07:15 PM
Yup. And easy come, easy go I always say. No doubt a few of those reckless spenders will later be blowing out their POTF coins into a diminished market so they can once again spend recklessly elsewhere. Human nature... some people can't escape it.

Trent
09-05-2006, 08:40 PM
Hope this comes off as the good natured joke that it's meant to be...

Clearly, Cat V coins are not for members of this board.

Mark_Huber
09-06-2006, 10:56 AM
Hope this comes off as the good natured joke that it's meant to be...

Clearly, Cat V coins are not for members of this board.



that joke will never get old in my book. http://threads.rebelscum.com/images/graemlins/grin.gif

Mark