How To Sell Coins That Did Not Make The Grade!

itsnotjustme

Let me say up front, I don't like what this seller is doing. I think the buyer will be in for a big disappointment, particularly over $400 for 20 mystery PCGS slabbed coins!

20 Mystery PCGS slabbed coins

I must say, they are getting much more per slab than I can for didn't make the grade coins. You can buy a box of MS66 silver Roosies for much less than this price.

airplanenut

<< <i>Winner will receive the exact item(s) shown >>

Ummm... I don't really see any items... hmmm...

Someone will be disappointed, I'm afraid

melikecoins

DANGER! DANGER! DANGER!
Glen

Wondo

Maybe it's because of the forum - the tone is one of disgust. But, isn't this seller being creative without blatantly misleading his audience. How many of you buy raffle or lottery tickets with less return? I don't think the buyer will get his money back, but it is exciting (and probably disapointing). The seller is at least selling a product and letting the masses decide the value. I wouldn't bid on this item, but it would catch my eye.

itsnotjustme

Wondo,
This is not a raffle... even raffles with a 50% return do give that 50% return. From his description, the whole lot could be worth $103 ($3 for the box!). There is no promise of even a single $50 coin to be given in one of several boxes.

Barry

I agree with Wondo. The seller is not saying anything misleading, like "unsearched wheaties." However, anyone willing to bid several hundred dollars is certainly a fool.

ElectricEye

<< <i>So dream away of a box full of rare $20 gold pieces that you could buy for fractions of pennies on the dollar >>



How about a nightmare of finding 20 sacagawea's in MS60 or PR61 for $407?

I admire the creativity.

RGL

And, there are no returns on this lot, of course ...

ElectricEye

Prime example of buying the slab, not the coin...

The only return on this lot is when the coins are removed from the holders and put back into circulation...

Hmm...maybe I should buy a monster toned hoard of unsearched coins from an estate sale of a deceased uncle who was a farmer who hid coins in the walls and have them holdered for mystery auctions!!!

ohbaby

Private auction? To protect the stupid?

prooflike

I thought mystery auctions were a no-no on ebay?

relayer

I sold a box of 20 slabs once with stuff to get rid of and it went for $140.

I guess I should haven't listed the coins and auctioned it off as the Box O'Mystery

goose3

The only reason someone would come up with this sort of listing would be to deceive people or to play on people's curiousity or to get 2 people caught up in this and pay something crazy (400). There is no valid reason for not disclosing the contents of the box.

Very deceiving listing.


Hell if it would have went dirt cheap or ridiculously high does anyone really think the 20 coins would remain the same?

Conder101

I don't see any reason to complain about the seller on this auction at all. It is not deceiving in the slightest. He promises a box and 20 PCGS graded coins. He promises that at least some of the coins will be silver, some of them will be Mint State, and some will be AU. He also promises to include one or two other items with the lot. He had no reserve and he started the bidding at $3. Even his shipping charge is reasonable. $3.99 That some of the bidders got carried away and bid over $400 for a "pig in a poke" is not something you can blame on him.

Steve27

This is just as the same as the unopened GSA black-box Morgan auctions. People hope for a 79-CC but end up with an 84-CC.

baccaruda

wow, a box of 20 rare $20 golds! you never know...

python

This lot is much worse. Text

goose3

5,400.00 NTC value oh and a Segs and one NGC coin.

I'll take my chances on the lotto thanks.

airplanenut

The PCGS coin is an MS eagle or S$1 commem.

Jeremy