A brave eBay buyer
jonathanb
Posts: 3,974 ✭✭✭✭✭
I saw this listing when it had one bid at $1,000 and no Buy It Now. A BIN was added, and the listing is now closed without a recorded sale. My take is that someone talked the seller into doing a transaction offline.
I think the piece is good... but it takes some guts to buy that piece raw. And doubly so if it really was sold offline without eBay buyer protection.
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Comments
A lot of assumptions.
PayPal protection is as good as any other if a sale actually took place.
It's just a likely that no sale took place.
All comments reflect the opinion of the author, even when irrefutably accurate.
Based on my limited experience, I don't see any glaring issues.
(Maybe the wear pattern looks a tiny bit off? But I've only really studied a handful of these.)
chopmarkedtradedollars.com
@PeakRarities
I would buy that, if the price was right and there was a picture of the other side.
How much is it worth?
I know we can only see one side. Let's assume its in the same condition with no problems.
What's a rough value?
Im curious how it would be so circulated.
Did these actually circulate?
Student of numismatics and collector of Morgan dollars
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If you follow the link to eBay, you can see both sides
All comments reflect the opinion of the author, even when irrefutably accurate.
Yes, I figured anyone who care about more details would click through to the original listing. Here are the other pics. I still think the pics look as ok as you could hope for. The seller has 7 total feedback, none recently, and apparently all from selling perfume.
If I could have hit a BIN at $1000, I probably would have taken a shot. But I'm far from confident about what (if anything) would have showed up.
The 887 banner is way off from this example shown in the PCGS site….also all the words around the edge seem 90-100% gone…and the T under States is way off in the eBay coin..JMHO
Most slugs circulated, some heavily. The whole point was a lack of coinage at the time.
A quick search of the Heritage archives shows about 70 sales (probably including some related varieties), with a median grade of AU 50. There are 3 sales for examples with straight grades of Fine or lower.
This isn't my area of expertise. There are apparently several die varieties. The one in the eBay listing seems a good match for this one near the top of the Heritage search results.
It looks like a $20,000+ item to me.
Good catch. I only saw this example i posted in the PCGS site. Thanks! Cheers, karl
Oh man, I've been searching for one of those for years, I've never seen one come up raw. No way I'd buy that from a seller w/ 7 feedbacks and no real description of the coin. No way, no how.
The cheapest one I've seen was a total wreck of a coin in an ANACS slab with a comical number of details descriptors, "Damaged, Tooled, Date Completely Re-Engraved"
Went for 14K.
Probably worth the risk if I was more knowledgeable on those and determined it was real, 1K isn't much much to lose.
Micah Langford - https://www.oldglorycoinsandcurrency.com/
There was a dealer at the recent SC Upstate Show in Spartanburg, SC that had two examples in PCGS holders. VF30 ask was $36,000; VF details was $24,000. Interesting pieces of history.
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My Ebay
This is the total MO of a Chinese faker. Resist!
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That is possible, although the photo is of a genuine item and a specific example that has not shown up in the market previously (as far as I can tell). So it appears not to be a case of "borrowed" pictures.
If I lived near the seller, I would totally try and make a deal on it and meet them at a bank or something to do the deal in person.
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The BIN was 22,500
All comments reflect the opinion of the author, even when irrefutably accurate.
I talked to the seller. He is going to have it certified.
It did not sell for $1000.00
How much does that thing weigh?
You'd have to be completely stupid to sell something like that for $1000. Seems fishy to me.
Student of numismatics and collector of Morgan dollars
Successful BST transactions with: Namvet Justindan Mattniss RWW olah_in_MA
Dantheman984 Toyz4geo SurfinxHI greencopper RWW bigjpst bretsan MWallace logger7 JWP BruceS bigjpst
JWP
My motto through the years has been "If it looks too good to be true, it probably isn't." You would be surprised on what people sell coins for. Deep discounts are found by those bathed in patience.
"But seek ye first the kingdom of God and His righteousness and all these things shall be added unto you" Matthew 6:33. Young fellow suffering from Bust Half fever.
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It's about 2.5 ounces of gold, so that's 12.5K right there. Very interesting item, let's see if it re-emerges down the line.
Its gold content weight is the same as $50 face value of then current US gold coins or 2.41875 Troy ounces less a little for the wear.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
That was the opening bid, not the BIN. Did no one look at the actual listing?
All comments reflect the opinion of the author, even when irrefutably accurate.
It was $24.5k not $1000
All comments reflect the opinion of the author, even when irrefutably accurate.
Wow that is much cheaper than I thought.
"But seek ye first the kingdom of God and His righteousness and all these things shall be added unto you" Matthew 6:33. Young fellow suffering from Bust Half fever.
BHNC #AN-10
JRCS #1606
Touche
All comments reflect the opinion of the author, even when irrefutably accurate.
The listing shows the "Buy it Now" price was $24,500.
I think it is worth that, wholesale. I would have bought it for that if I could see it (and pay for it) in person at a bank or some secure location. The remaining concern in that scenario would be if it was stolen somewhere along the chain of ownership.