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Was this a great deal or is this about what it's worth?

dizzyfoxxdizzyfoxx Posts: 9,823 ✭✭✭
in U.S. Coin Forum
I was watching this auction and although I am no authority on error coinage, I wish I had made an attempt at this cool "cc" error coin.
image...There's always time for coin collecting. image

Comments

  • IrishMikeIrishMike Posts: 7,737 ✭✭✭
    Not a clue what its worth is, evidently the seller was disappointed as he had a buy it now for 9 times what it sold for.
  • BECOKABECOKA Posts: 16,961 ✭✭✭
    Lets just say not including the coin I would have been happy to pay that for that kind of error. image
  • pmacpmac Posts: 3,189 ✭✭✭
    He got a little over 10% of his BIN wish.
    Paul
  • rheddenrhedden Posts: 6,632 ✭✭✭✭✭
    Overpricing the BIN is a good way to protect yourself when you have no idea what your item is worth. There might have actually been a collector out there who was willing to do the BIN price, but not this time.
  • RussRuss Posts: 48,514 ✭✭✭
    He knew full well that the BIN was wildly more than the coin was worth. This is an age old eBay marketing trick. Use a BIN, and then place this in the auction description:



    << <i>BUY IT NOW FOR ONLY $1290.00 >>



    After the BIN is gone - which happens with the first bid - the wild dollar amount stays in the description. The hope is that bidders who come along might be suckered in to bidding higher.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • 291fifth291fifth Posts: 24,698 ✭✭✭✭✭
    Looks overgraded to me.
    All glory is fleeting.
  • seanqseanq Posts: 8,733 ✭✭✭✭✭
    I'm about 99.9% sure that coin was purchased recently from Fred Weinberg, and probably for a lot closer to the BIN price. That's his handwriting on the stickers, and he has a similar coin with the mintmark below the bow listed here and described as "another CC error" even though it's the only one listed currently. If someone has a hard copy of Fred's last pricelist you can probably figure out the original purchase price.


    Sean Reynolds
    Incomplete planchets wanted, especially Lincoln Cents & type coins.

    "Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭


    << <i>He knew full well that the BIN was wildly more than the coin was worth. This is an age old eBay marketing trick. Use a BIN, and then place this in the auction description:



    << <i>BUY IT NOW FOR ONLY $1290.00 >>



    After the BIN is gone - which happens with the first bid - the wild dollar amount stays in the description. The hope is that bidders who come along might be suckered in to bidding higher.

    Russ, NCNE >>



    That's pretty sneaky

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • GoldenEyeNumismaticsGoldenEyeNumismatics Posts: 13,187 ✭✭✭
    I think it's easily worth about $200-$250.
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    That was a SMOKIN deal!!! image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • FatManFatMan Posts: 8,977 ✭
    CC error...I'm a buyer at that price.
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>I think it's easily worth about $200-$250. >>



    Nope... a LOT more his BIN price wasn't far off the retail value of that B/S CC SD! image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    Past the error as a coin that example does nothing for me... but for $153 had I seen this on ebay I would have been on it like glue! image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • agentjim007agentjim007 Posts: 6,256 ✭
    Should have been a no brainer @ $150
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>Should have been a no brainer @ $150 >>



    It was a gift... not an auction!

    May have to save that seller to favorites! image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • RobbRobb Posts: 2,034 ✭
    The auction was listed in the proper category for 10 days without a reserve price and allowed to run it's course by a new but reputable seller with a return policy. In other words, there were no red flags or errors made with the auction to keep the price down. I'd say the the coin is worth $152.50
    imageRIP
  • NHSBaseballNHSBaseball Posts: 2,470 ✭
    I honestly feel for the seller.
    "College men from LSU- went in dumb, come out dumb too..."
    -Randy Newmanimage
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    Looks like that buyer was the owner of Wendy's from his ME page imageimage
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    Seller's mistake was he listed it under Seated and Mercury dimes... not Mint Errors.

    Had he listed it under Errors, even all the Error Dealers would have paid more!
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • Tvac897Tvac897 Posts: 1,478
    I would buy it...
    -Rome is Burning

    image
  • nicetoning42107nicetoning42107 Posts: 1,162
    I had that one on my watch list. It was already a little over Greysheet when I saw it so I didn't bid but I wanted to see what it would finish out at. I honestly didn't think it was worth that much of a premium over the Greysheet because I can *barely* see the broadstrike. Guess I missed a bargain?
    A lie told often enough becomes the truth. ~Vladimir Lenin
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>I had that one on my watch list. It was already a little over Greysheet when I saw it so I didn't bid but I wanted to see what it would finish out at. I honestly didn't think it was worth that much of a premium over the Greysheet because I can *barely* see the broadstrike. Guess I missed a bargain? >>



    Greysheet has a Mint Error section image

    If you could see more then it would have been a 5% O/C... on a tiny coin as a dime. image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • FredWeinbergFredWeinberg Posts: 5,925 ✭✭✭✭✭
    Something's not right here.

    Yes, that was my coin, and I just
    sold it a few months ago.

    It was on my list for $1,300, and
    I sold it for less than that, but I'm
    very surprised the seller didn't put
    it in the Error Ebay catagory (as metioned) -

    I would have been glad to buy it back
    for ALOT MORE than $152 !!

    Let me check this out a bit more....
    Retired Collector & Dealer in Major Mint Error Coins & Currency since the 1960's.Co-Author of Whitman's "100 Greatest U.S. Mint Error Coins", and the Error Coin Encyclopedia, Vols., III & IV. Retired Authenticator for Major Mint Errors for PCGS. A 50+ Year PNG Member.A full-time numismatist since 1972, retired in 2022.
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>Something's not right here.

    Yes, that was my coin, and I just
    sold it a few months ago.

    It was on my list for $1,300, and
    I sold it for less than that, but I'm
    very surprised the seller didn't put
    it in the Error Ebay catagory (as metioned) -

    I would have been glad to buy it back
    for ALOT MORE than $152 !!

    Let me check this out a bit more.... >>



    It must have been a TOTAL FLUKE on the sellers part as the Mercury Dime category and No Reserve makes absolutely no sense.
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • RobbRobb Posts: 2,034 ✭
    It is odd that his sub-category is Mercury rather than Error but the main category is correct and the auction title states error.
    imageRIP

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