I ran across this item on ebay. Unbelievable that things like this can get posted on ebay without any monitoring by EBAY. Ebay reminds me of the picture of the three monkeys - hear no evil, speak no evil, see no evil.
The $27,000 figure is no mistake since the seller repeats this figure in the body of the description.
<< <i>I ran across this item on ebay. Unbelievable that things like this can get posted on ebay without any monitoring by EBAY. Ebay reminds me of the picture of the three monkeys - hear no evil, speak no evil, see no evil.
The $27,000 figure is no mistake since the seller repeats this figure in the body of the description.
If the the total mintage of a 50 or 100 year old coin was only 15,000 .... ...there would probably be about 500 in existence, and most would be worn.
If THIS coin has 15,000 minted, at least 12,000 are probably going to remain mint state and most of the rest EF/AU at worst.
The bottom line is that information gets out so quickly now that nothing that's a rarity has a chance to circulate much. So comparing this coin to a 100-year-old coin is ridiculous.
The 1914-D cent, for example, wasn't widely known to be scarce until the 1930s by which time most of the best in circulation were Fine or VF. Compare that to the 1950-D nickel, which by 1951 was already being set aside by everyone. The net effect is that '50-D nickels are going nowhere because there are more than enough in mint state for Jeff collectors. One can't compare a 100 year old coin with one today, because low-mintage coins today are identified immediately.
The story is full of lies. Only legal tender with less than 15,000...
First, who says the mintage is 15,000? Second he forgot many modern commems. Third he forget many classic proofs Fourth he forgot the 1792 Half Disme Fifth he forgot dozens of other coins
I would certainly take the time to individually photgraph every coin that I would sell for $27,000 even if most of the 10 million collectors can shell out $27,000 for a rip off coin.
realistically the seller's ANACS Low Leaf MS65 is probably worth between $300-400. A few PCGS ms64 low leaf coins sold in that range of late and pcgs has been commanding a premium over both NGC and ANACS. I sold a pcgs set two weeks ago for $750 but that included the High Extra Leaf which has a $150 premium over the Low Leaf.
Bottom line is that the seller is trying to take advantage of the uninformed.
Again, the $27,000 figure cited is not an error on seller's part since it shows up several times in the description and the value is attempted to be justified by other nonsense.
It may be rediculous, but I don't see how E-Bay can put a limit on what anything sells for. Sometimes though, it seems like these shady sellers hear rumors from others about the crazy amounts buyers have paid for things and want to bag their own trophy catch!--------------BigE
Just check though the eBay stores listings a lot of sellers seem to have their collections at about triple normal price listed there. All it takes is one fool to make their day. And remember the store listings don't cost near as much as a regular listing. And who cares what the listing costs if you can get 100X the value of the item.
<< <i>Yeah, think about how much he paid for listing FEE alone. >>
He posted it on 10c fixed-price day. In other words, he only paid 10c to spend a lot of time writing a bunch of stuff that shows everyone that views his auction what kind of an unmitigated idiot he is. Odds are pretty darn long of him finding a bigger one with $27K to burn.
Comments
The $27,000 figure is no mistake since the seller repeats this figure in the body of the description.
Scary!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Outrageous opening price (too many zeros?) does not consitute abuse. It's more like your simple household stupidity.
Later, Paul.
Later, Paul.
<< <i>I ran across this item on ebay. Unbelievable that things like this can get posted on ebay without any monitoring by EBAY. Ebay reminds me of the picture of the three monkeys - hear no evil, speak no evil, see no evil.
The $27,000 figure is no mistake since the seller repeats this figure in the body of the description.
Scary!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! >>
18411 items found in State Quarters (1999-Now)
It should only take a few minutes to go through those!!
If THIS coin has 15,000 minted, at least 12,000 are probably going to remain mint state and most of the rest EF/AU at worst.
The bottom line is that information gets out so quickly now that nothing that's a rarity has a chance to circulate much. So comparing this coin to a 100-year-old coin is ridiculous.
The 1914-D cent, for example, wasn't widely known to be scarce until the 1930s by which time most of the best in circulation were Fine or VF. Compare that to the 1950-D nickel, which by 1951 was already being set aside by everyone. The net effect is that '50-D nickels are going nowhere because there are more than enough in mint state for Jeff collectors. One can't compare a 100 year old coin with one today, because low-mintage coins today are identified immediately.
First, who says the mintage is 15,000?
Second he forgot many modern commems.
Third he forget many classic proofs
Fourth he forgot the 1792 Half Disme
Fifth he forgot dozens of other coins
I would certainly take the time to individually photgraph every coin that I would sell for $27,000 even if most of the 10 million collectors can shell out $27,000 for a rip off coin.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
Bottom line is that the seller is trying to take advantage of the uninformed.
Again, the $27,000 figure cited is not an error on seller's part since it shows up several times in the description and the value is attempted to be justified by other nonsense.
<< <i>Bottom line is that the seller is trying to take advantage of the uninformed. >>
Anyone who pays $27,000.00 for ANYTHING without doing their homework deserves exactly what they get.
And remember the store listings don't cost near as much as a regular listing. And who cares what the listing costs if you can get 100X the value of the item.
create a market ...then go fishing...see what bites.
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
<< <i>Yeah, think about how much he paid for listing FEE alone. >>
He posted it on 10c fixed-price day. In other words, he only paid 10c to spend a lot of time writing a bunch of stuff that shows everyone that views his auction what kind of an unmitigated idiot he is. Odds are pretty darn long of him finding a bigger one with $27K to burn.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Tim