How can the same coin be sold by two different people?

hookedoncoins

I was checking through Legend's inventory and came across a gorgeous large cent with "zebra" toning. It appears that the same coin is being sold by ANACONDA for $250 more on ebay. How can both of them sell the same coin? Or by some strange coincidence are each of these different coins, despite the identical toning, identical grades, etc.

Legend's

ANACONDA's

-Jarrett Roberts

Sunnywood

Hooked,

While I know absolutely nothing about the large cent you mentioned, it does sometimes happen that dealers co-list a coin on their separate inventories. Think of it like a house that is being offered for sale as a "multiple listing," and not with an exclusive broker. Dealers often offer coins that they do not own (for example, the dealer may have the coin on consignment from a client, or "on memo" from another dealer, but the client still owns the coin). Sometimes a dealer may see a coin in another dealer's inventory, and turn around and list it in his inventory at a higher price. If someone bites, he buys the coin from the dealer that has it (if is is still available). Of course, some dealers refuse to sell to other dealers, so that they have a higher chance of selling directly to the highest paying retail client !! It is also possible that a coin can be co-owned by several dealers who band together to buy expensive coins at auction. Well, you see, it can get complicated !!! And I'm sure I haven't even thought of half the possible contortions ...

Sunnywood

FrattLaw

Wow! What a difference in pics though. That Adrian guy sure is a great photographer.

Michael