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Now THIS is a funny auction item

BladeBlade Posts: 1,744 ✭
in U.S. Coin Forum
I was browsing Heritage's Internet auction for this coming week, checking out the buffalo nickels.

I found this "beauty": 1934 5c ANACS Net VG8 Details (Fine cleaned).

Here is their auction description:

1934 5C VG8 ANACS. The current Coin Dealer Newsletter (Greysheet) wholesale "bid" price is $0.55

OK, so this coin is worth less than $1 and since I can find them in uncleaned Fine condition or better all day long, what am I missing here? As soon as you bid the first $1, you get stung with the minimum +$6 buyer's premium plus postage. For a generic buffalo that is really worth about 10 cents. Can someone explain this one?

LINK
Tom

NOTE: No trees were killed in the sending of this message. However, a large number of electrons were terribly inconvenienced.

Type collector since 1981
Current focus 1855 date type set

Comments

  • drsvenghalidrsvenghali Posts: 291 ✭✭
    This is really a case of buy the coin, not the slab, er, literally.
    "Don't talk like an ignarosis."

    I specialize in Wisconsin currency! Looking for information on WI national banknotes. Census stands at 12,318 notes.

    **"Wisconsin National Bank Notes - 2nd Edition" is out!!!" Only $20PPd!!!
  • RussRuss Posts: 48,514 ✭✭✭
    Somebody in their listing department must have a sense of humor.image

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • ccrccr Posts: 2,446
    Beats me. Maybe it`s because PCGS and NGC has never graded one as VG8. Or maybe it`s an IQ test.
  • PlacidPlacid Posts: 11,299 ✭✭✭
    The seller is looking to retire after that sale image
    Probably paid anacs $10 to slab it image
  • gmarguligmarguli Posts: 2,225 ✭✭
    Most likely this coin was submitted to ANACS to meet a minimum requirement for one of their specials. Why Heritage is listing it is a mystery.
  • TWQGTWQG Posts: 3,145 ✭✭
    Heritage EI where they tell me they don't want any coin consigned worth less than $50?
    That is so we don't crowd out their dumping grounds.
    Heritage sucks!!!
    My eBay store
  • drsvenghalidrsvenghali Posts: 291 ✭✭
    I wonder what the Pop is on that beaut?
    "Don't talk like an ignarosis."

    I specialize in Wisconsin currency! Looking for information on WI national banknotes. Census stands at 12,318 notes.

    **"Wisconsin National Bank Notes - 2nd Edition" is out!!!" Only $20PPd!!!
  • BladeBlade Posts: 1,744 ✭
    drsvenghali,
    Pops are listed in the link and pretty funny:

    PCGS Pop 0 in VG8 / 987 higher (lowest listed at PCGS is AU53)
    NGC Pop 0 in VG8 / 449 higher

    It's not like this is some great Braddick rarity. I'll bet there are at least 5,000+ extant in Fair to VG.
    Tom

    NOTE: No trees were killed in the sending of this message. However, a large number of electrons were terribly inconvenienced.

    Type collector since 1981
    Current focus 1855 date type set
  • coppercoinscoppercoins Posts: 6,084 ✭✭✭


    << <i>It's not like this is some great Braddick rarity. I'll bet there are at least 5,000+ extant in Fair to VG. >>



    5,000? There are at least twice that many belt buckles full of them.
    C. D. Daughtrey, NLG
    The Lincoln cent store:
    http://www.lincolncent.com

    My numismatic art work:
    http://www.cdaughtrey.com
    USAF veteran, 1986-1996 :: support our troops - the American way.
    image

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