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This dealer has some big ole brass gonads

stev32kstev32k Posts: 2,098 ✭✭✭
in U.S. Coin Forum
I watched this auction since it started at 99 cents with no reserve and thought to myself this guy has a lot of guts. I don't believe I could put a five figure coin up for auction on ebay much less start it out at 99 cents and no reserve. Hope he came out OK.
Who is General Failure, and why is he reading my hard drive?

Comments

  • BarndogBarndog Posts: 20,515 ✭✭✭✭✭
    do a search for that seller ID on this forum and you will see there is significant question as to presence of any gonads.
    JR Newsletter Online Edition
  • AUandAGAUandAG Posts: 24,935 ✭✭✭✭✭
    Folks buy cars and houses on ebay. $13k isn't much, to many. I'll be there are as many
    bidders and watchers on ebay as there are on TT. Less cost too.

    I'm a firm believer in ebay's format and start all my auctions at 99¢

    The most expensive I've sold was $5,005 (93-s Morgan).

    I had no qualms about starting at 99¢ and letting it go.

    bobimage
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • stev32kstev32k Posts: 2,098 ✭✭✭
    Guess I'm very naive.
    Who is General Failure, and why is he reading my hard drive?
  • coindeucecoindeuce Posts: 13,496 ✭✭✭✭✭


    << <i>I watched this auction since it started at 99 cents with no reserve and thought to myself this guy has a lot of guts. I don't believe I could put a five figure coin up for auction on ebay much less start it out at 99 cents and no reserve. Hope he came out OK. >>



    The 1st and 2nd underbidders had 42% and 95% of their bidding activity with this seller, with each of these respective bidders having several hundred active bids at the time. image

    "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
    http://www.american-legacy-coins.com

  • segojasegoja Posts: 6,141 ✭✭✭✭
    Bobby Hughes always rolls the dice
    JMSCoins Website Link


    Ike Specialist

    Finest Toned Ike I've Ever Seen, been looking since 1986

    image
  • dsessomdsessom Posts: 2,435 ✭✭✭✭✭
    It ended at $13,376.65. Not too bad I guess, but 5k under the price guide.
    Best regards,
    Dwayne F. Sessom
    Ebay ID: V-Nickel-Coins
  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    I suspect that there was protection in place.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • stev32kstev32k Posts: 2,098 ✭✭✭


    << <i>It ended at $13,376.65. Not too bad I guess, but 5k under the price guide. >>



    "Not too bad" depends on what he paid. Graysheet is $17,400 if he paid that he got hosed.
    Who is General Failure, and why is he reading my hard drive?
  • BarndogBarndog Posts: 20,515 ✭✭✭✭✭


    << <i>Bobby Hughes always rolls the dice >>



    maybe, but loaded dice
    JR Newsletter Online Edition
  • mr1931Smr1931S Posts: 6,412 ✭✭✭✭✭
    The risk of losing big is not as great as one might initially think.

    Whoever is careless with the truth in small matters cannot be trusted with important matters.

  • GoldenEyeNumismaticsGoldenEyeNumismatics Posts: 13,187 ✭✭✭
    a 5-figure coin started at nothing can attract a lot of attention. Sometimes this accumulates into big bids. Sometimes the sales goes off as a dud. Sometimes there's a safety net installed.
  • joebb21joebb21 Posts: 4,771 ✭✭✭✭✭
    the specific "buyer" won alot of the coins this week.
    may the fonz be with you...always...
  • MrEurekaMrEureka Posts: 24,419 ✭✭✭✭✭
    This dealer has some big ole brass gonads

    Nothing in numismatics is more certain.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • Wolf359Wolf359 Posts: 7,663 ✭✭✭


    << <i>

    << <i>I watched this auction since it started at 99 cents with no reserve and thought to myself this guy has a lot of guts. I don't believe I could put a five figure coin up for auction on ebay much less start it out at 99 cents and no reserve. Hope he came out OK. >>



    The 1st and 2nd underbidders had 42% and 95% of their bidding activity with this seller, with each of these respective bidders having several hundred active bids at the time. image >>



    So the action from 8 to 13K was basically shill bidding (or "protect my buddy bids").
    Multi-channel listings of coins and inventory management

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  • illini420illini420 Posts: 11,467 ✭✭✭✭✭


    << <i>
    So the action from 8 to 13K was basically shill bidding (or "protect my buddy bids"). >>



    If it walks like a duck....


    Come on, the "winner" has 100% bidding activity with the seller and the "underbidders" aren't much different. Hard to tell if any of these "bidders" were actually bidders on the coin. I don't think this coin was ever at risk of selling cheap, definitely doesn't have "big ole brass gonads" image

    Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448

  • BillJonesBillJones Posts: 34,815 ✭✭✭✭✭
    The pictures of the coin don't do much for me. If you are going to sell a 5-figure coin, the least you could do get some better photography. Here is a picture of the same type in MS-63.

    imageimage
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    There is about as much reality to that auction as you will get on reality TV... none at all. Cheers, RickO
  • mozinmozin Posts: 8,755 ✭✭✭
    On ebay, it really pays to become acquainted with the seller. Some sellers have such a strong following that they almost always get very high prices for their coins, well above the PCGS price sheet.
    I collect Capped Bust series by variety in PCGS AU/MS grades.
  • hiijackerhiijacker Posts: 1,172 ✭✭✭
    It is called shill bidding. This seller takes no risk by starting an item at .99 cents.


    Buyer of all vintage Silver Bars. PM me
    Cashback from Mr. Rebates
  • ksteelheaderksteelheader Posts: 11,777 ✭


    << <i>It is called shill bidding. This seller takes no risk by starting an item at .99 cents. >>



    Yes Sir, someone on a coin forum saying so should convict in court.image
  • jesbrokenjesbroken Posts: 10,609 ✭✭✭✭✭
    What about the fees the seller must pay to ebay if it sold to a shill bidder at $13,000+? I do not understand how that is profitable. I understand if the shill bidder just causes the bids to go up and someone real wins the auction, but if the shill bidder wins the seller must lose greatly, or am I wrong and not savvy to ebay shill selling/bidding?
    Jim

    When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln

    Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
  • PawPaulPawPaul Posts: 5,845 ✭


    << <i>I suspect that there was protection in place. >>



    you can say that again ........
  • PrivateCoinCollectorPrivateCoinCollector Posts: 2,415 ✭
    If I do not want to start something at 99 cents, then it goes in the store. I listed an 85-CC Morgan in BU and started that at .99 cents. Closes Wednesday. Better hurry if you want to rip it. image
    Morgan HerdTO Gold Mine
  • MikeInFLMikeInFL Posts: 10,188 ✭✭✭✭
    It seems to me there's something other than large metallic gonads at play here....Mike
    Collector of Large Cents, US Type, and modern pocket change.
  • bestdaybestday Posts: 4,242 ✭✭✭✭


    << <i>I suspect that there was protection in place. >>




    My thought also......image
  • hiijackerhiijacker Posts: 1,172 ✭✭✭


    << <i>

    << <i>It is called shill bidding. This seller takes no risk by starting an item at .99 cents. >>



    Yes Sir, someone on a coin forum saying so should convict in court.image >>



    Have you seen the numerous posts regarding the activities of this seller Neyronix? Beyond a reasonable doubt in my opinion.
    Buyer of all vintage Silver Bars. PM me
    Cashback from Mr. Rebates
  • astroratastrorat Posts: 9,221 ✭✭✭✭✭
    Really? A coin for over $13K and you can't even throw in shipping? image

    Lane
    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
  • ksteelheaderksteelheader Posts: 11,777 ✭


    << <i>

    << <i>

    << <i>It is called shill bidding. This seller takes no risk by starting an item at .99 cents. >>



    Yes Sir, someone on a coin forum saying so should convict in court.image >>



    Have you seen the numerous posts regarding the activities of this seller Neyronix? Beyond a reasonable doubt in my opinion. >>



    I've seen the posts. But, in this country, you're innocent until proven guilty in court.

    And, no, I don't know the seller.

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