domain Pennies.com

[oddinxasa]

What do you think pennies.com is worth - if the person who currently owns it were to sell it as a domain only (all content removed)?

 

[chillaxin]

is this your domain?

 

[johname]

wrong section if you dont own it

 

[oddinxasa]

I am the one who is acting on behalf of the company who owns it to find a buyer, but they want a huge figure for it that I don't think is possible entirely. I'm not good at valuing these kinds of domains since they aren't selling the business with it, just the domain.

 

[hawkeye]

I'd say it's worth a couple cents at least. (badabing..!!)

Sorry, couldn't resist.

 

[MicroGuy]

I am the one who is acting on behalf of the company who owns it to find a buyer, but they want a huge figure for it that I don't think is possible entirely. I'm not good at valuing these kinds of domains since they aren't selling the business with it, just the domain.

They may consider reserve auction, or even no reserve auction. Sedo, Afternic, or get Rick Latona to broker. That's probably the way go with this gem. IMO.

 

[oddinxasa]

I'd say it's worth a couple cents at least. (badabing..!!)

Sorry, couldn't resist.

Haha CHACHING!

They may consider reserve auction, or even no reserve auction. Sedo, Afternic, or get Rick Latona to broker. That's probably the way go with this gem. IMO.

Thanks for the tip! I will look into all of the options

 

[bgmv]

i think this would be an excellent domain for penny stocks. i would imagine this could currently reach high $XX,XXX to low $XXX,XXX on auction

 

[snowberry]

Is it a collectibles for coins name? start it at low XXX to make sure.

 

[Compassion]

undeveloped x,xxx to low xx,xxx as a coin domain


for penny stocks?

perhaps much higher...


not the easiest name to appraise


I like the idea of submitting it to latona for his newsletter

 

[npcomplete]

Been collecting coins since I was a little kid... and never quit collecting. I will price it in the most appropriate pricing units, "pennies".

Est. Value > 1909 S VDB, condition RD MS-66

Est. Value << 1909 S VDB, condition RD MS-67

The collector grade penny market is hot, and in this economy people are looking for places to hide/preserve wealth using art, coins, and other high end collectibles.

 

[npcomplete]

Unique appraisal npcomplete, but I'd def go for more than $1295 here. That's what I found for you coinage refs

Your refs are way off. I *wish* I could score a MS-66 RD at that $1295 price! I am talking about PCGS #2428. The MS-67 is of course *much* more expensive than the MS-66, which is why I used the << signs for the MS-67.

 

[npcomplete]

The ref is the world's most respected grading for coins, and the pricing comes from actual market values:

Anybody serious about coin values relies on PCGS as a primary tool. It is more reflective of the market than the books since the books are updated yearly. PCGS is updated daily.

http://www.pcgs.com/prices/PriceGuideDetail.aspx?MS=1&PR=1&c=45&title=Lincoln+Cent

Even PCGS and NGC have major fluctuations in grading, so in the pricing I would say that is PCGS + CAC. The CAC review is a second check on PCGS. I always pay extra for the CAC cert as insurance. Some of the PCGS or NGC grades look like the grader just finished a bottle of Chateau Margaux... even though they are the best grading services out there. That is why CAC is catching on.

 

[npcomplete]

ha! Depends on whether you think being off by a factor greater than ten as being "not far off". Remember to look at #2428, under the MS-66 and MS-67 column.

Anyway, it was really targeted at the OP, who appears to be in the coin business and will probably be familiar with the terminology and grading... so I used the language appropriate for the field.

Overall, a very nice name, and I stand by my estimate:

1909 s VDB MS-66 RD < value << 1909 s VDB MS-67 RD

 

[npcomplete]

Yep, the PCGS site is the "gold standard" for pricing in the business. The daily fluctuations of non-precious metals (pennies) is not that big of a deal, but for gold collector coins the price change on a daily basis is dramatic, even though the coin price is several multiples of bullion price.

Compared to domain pricing, coin pricing is quite a science... with real standards!!!

 

[jlw]

Ugh

Thanks for reminding me why I got out of coin collecting.

The ref is the world's most respected grading for coins, and the pricing comes from actual market values:

Anybody serious about coin values relies on PCGS as a primary tool. It is more reflective of the market than the books since the books are updated yearly. PCGS is updated daily.

http://www.pcgs.com/prices/PriceGuideDetail.aspx?MS=1&PR=1&c=45&title=Lincoln+Cent

Even PCGS and NGC have major fluctuations in grading, so in the pricing I would say that is PCGS + CAC. The CAC review is a second check on PCGS. I always pay extra for the CAC cert as insurance. Some of the PCGS or NGC grades look like the grader just finished a bottle of Chateau Margaux... even though they are the best grading services out there. That is why CAC is catching on.

You mean "gold investor coins" not "gold collector coins".

The true value (I mean the value after any market bubbles have dissipated, typically caused by the presence of investors) of any collectible is what will be paid by a collector who intends to die owning it.

That's the only "consumer" in this market.

Of course, when the acquisition cost is high, the collector doesn't want to buy anything that's going to lose its liquidation value; but primarily the acquisition price is compared to the coin's "backstory" in making a collector's purchase decision.

By the way, there is NO science to grading high-grade coins; only the increasing pretension of it over the last thirty-five years.

As pilots now speak of "deplaning" rather than "getting off", "weathermen predicting rain" become "meteorologists forecasting precipitation", and car companies talk of "pre-owned" rather than "used"; we now enjoy MS-67.5

Beauty is in the eye of the beholder, and each collector has his/her own preferences for different tonings/flaw placement/areas of sharpness, etc. Naturally, professional graders can and do disagree.

Buy the coin, not the grade; and especially not the certificate.

Same holds true for domain names. The real value of a brand name is what will be paid by someone who does not intend to sell it ever, and does not care if it "goes up." We domainers like to think that "end user" prices are the highest priced sales; but that's not always so.

--- J.

P.S. --- I don't want to appear down on investors (or domaining). Coin investors provide liquidity in a market that would otherwise be like real estate. The jury's still our on whether we domainers can be seen in quite that way.

Yep, the PCGS site is the "gold standard" for pricing in the business. The daily fluctuations of non-precious metals (pennies) is not that big of a deal, but for gold collector coins the price change on a daily basis is dramatic, even though the coin price is several multiples of bullion price.

Compared to domain pricing, coin pricing is quite a science... with real standards!!!

 

[tjs1]

i would say close to 6 figs but not over. this will be a fun one to watch

 

[Compassion]

good info jlw!

Authenticity is a keyword for this century (Says Michael Crichton)


I can see how it can go for coins, or real estate or domains.....

I like your meteorologist metaphor....

"I don't need a weatherman to tell me which way the wind blows...."

 

[npcomplete]

Thanks for reminding me why I got out of coin collecting.

The ref is the world's most respected grading for coins, and the pricing comes from actual market values:

Anybody serious about coin values relies on PCGS as a primary tool. It is more reflective of the market than the books since the books are updated yearly. PCGS is updated daily.

http://www.pcgs.com/prices/PriceGuideDetail.aspx?MS=1&PR=1&c=45&title=Lincoln+Cent

Even PCGS and NGC have major fluctuations in grading, so in the pricing I would say that is PCGS + CAC. The CAC review is a second check on PCGS. I always pay extra for the CAC cert as insurance. Some of the PCGS or NGC grades look like the grader just finished a bottle of Chateau Margaux... even though they are the best grading services out there. That is why CAC is catching on.

You mean "gold investor coins" not "gold collector coins".

The true value (I mean the value after any market bubbles have dissipated, typically caused by the presence of investors) of any collectible is what will be paid by a collector who intends to die owning it.

That's the only "consumer" in this market.

Of course, when the acquisition cost is high, the collector doesn't want to buy anything that's going to lose its liquidation value; but primarily the acquisition price is compared to the coin's "backstory" in making a collector's purchase decision.

By the way, there is NO science to grading high-grade coins; only the increasing pretension of it over the last thirty-five years.

As pilots now speak of "deplaning" rather than "getting off", "weathermen predicting rain" become "meteorologists forecasting precipitation", and car companies talk of "pre-owned" rather than "used"; we now enjoy MS-67.5

Beauty is in the eye of the beholder, and each collector has his/her own preferences for different tonings/flaw placement/areas of sharpness, etc. Naturally, professional graders can and do disagree.

Buy the coin, not the grade; and especially not the certificate.

Same holds true for domain names. The real value of a brand name is what will be paid by someone who does not intend to sell it ever, and does not care if it "goes up." We domainers like to think that "end user" prices are the highest priced sales; but that's not always so.

--- J.

P.S. --- I don't want to appear down on investors (or domaining). Coin investors provide liquidity in a market that would otherwise be like real estate. The jury's still our on whether we domainers can be seen in quite that way.

Yep, the PCGS site is the "gold standard" for pricing in the business. The daily fluctuations of non-precious metals (pennies) is not that big of a deal, but for gold collector coins the price change on a daily basis is dramatic, even though the coin price is several multiples of bullion price.

Compared to domain pricing, coin pricing is quite a science... with real standards!!!

otoh, some people just collect stuff, and have since they were kids, and don't give a flip what other people think about their collecting habits. :hehe: Seriously though, collectors are a different breed. We do look at the pricing boards, but we buy things because, first and foremost, "we think they are cool", or whatever, generation appropriate in wording. I have collected cigarette lighters and antique phones for many years. Now I wasn't sitting down with my financial planner when I did that, and didn't particularly care what a financial planner thought wrt phones (I keep it in check). I started collecting when I was a little kid, with coins, and then proceeded to collect everything else (according to my wife), including domains since 1996. Oddly enough, I never smoked, but I do use the phone.

 

[EGS]

I see up to $xxx,xxx to the right company or bank.
Could be a loans site, stock site, bank site...anything financial or investment related.

Real potential with this domain. Great find.