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1950 MS68 Roosevelt Reserve was $8,500

tgilliamstgilliams Posts: 1,969
in PCGS Set Registry Forum
High bidder reported that the Seller had a reserve of $8,500. Did he really want to sell the coin??
PCGS sets under The Thomas Collections. Modern Commemoratives @ NGC under "One Coin at a Time". USMC Active 1966 thru 1970" The real War.

Comments

  • LucyBopLucyBop Posts: 14,001 ✭✭✭
    WOW!image
    imageBe Bop A Lula!!
    "Senorita HepKitty"
    "I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
  • mdwoodsmdwoods Posts: 5,547 ✭✭✭
    I don't think he really wanted to sell. That seems very high. mdwoods
    National Register Of Big Trees

    We'll use our hands and hearts and if we must we'll use our heads.
  • MyddletonMyddleton Posts: 10
    A fair number of people use ebay as a punt. If they get the price they want, no matter how seemingly outrageous, its for sale. Just takes one fanatical collector -
  • DAMDAM Posts: 2,410 ✭✭
    Does it cost the seller if they have a high reserve that's not met?
    Dan
  • sonofagunksonofagunk Posts: 1,349 ✭✭
    Just to make it interesting, I think there should be a 1% chance that the coin should still sell even if the reserve is not met. Kind of like playing the powerball. There are just too many coins out there that people just put out there with no intention of ever selling them. At least this 1% randomness will make them think!!!!!
    eBay Error Sales
  • tgilliamstgilliams Posts: 1,969
    yes,

    he had to pay ebay fees on an $8500 listing, rather than the opening. probably cost him around $100 TO list.
    PCGS sets under The Thomas Collections. Modern Commemoratives @ NGC under "One Coin at a Time". USMC Active 1966 thru 1970" The real War.
  • dbldie55dbldie55 Posts: 7,732 ✭✭✭✭✭
    Unless Ebay rules have changed it cost $3 to list this coin. (I don't know if he used Featured Listings, which would be more)
    Collector and Researcher of Liberty Head Nickels. ANA LM-6053
  • CarlWohlforthCarlWohlforth Posts: 11,074 ✭
    I think dbldie55 is close, eBay charges for reserves that are not met. Perhaps the cost to list would be $3-$6.

    Welcome to new board member Myddleton!
    FYI it would take 2 fanatical collectors to reach that reserve image
    Carl's Coins website w/ links to Carl's auctions
  • gmarguligmarguli Posts: 2,225 ✭✭
    It cost him $3.30 to list the auction (30¢ insertion fee & $3 reserve fee). He pays no other fees since the auction did not close with a successful bidder.
  • ColorfulcoinsColorfulcoins Posts: 3,365 ✭✭✭
    Thanks to ebay's "black-out", we never got to see just how high the bidding would go. If I were a betting man, I'd certainly bet on the active bidders following up and trying to strike a deal. I see the seller just listed a couple new coins but did not relist that one - could it be gone already??? Anybody ready to own up to plucking this uber GEM?
    Craig
    If I had it my way, stupidity would be painful!
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