Shipwreck

100proof1957 · June 22, 2004 7:34AM

check this out
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=11970&item=3917695688&rd=1
Proof

Placid · June 22, 2004 7:35AM

Link

100proof1957 · June 22, 2004 7:39AM

at first it sounds like a dutch auction.
it does appear that it is a 100 coins
buncha NTC body bags ?

Placid · June 22, 2004 7:43AM

Lol. They are ngc bodybags from the S.S. Republic.

partagas · June 22, 2004 7:49AM

I bid on an auction of theres yesterday for one of these. My high bid was $100.00 cause thats what I think they are worth. They emailed me today, saying they have a motivated seller and need to sell now. They asked for an offer. I didn't bother cause I know they won't sell me one for $100.00 . These coins are likely to be a huge failure based on lack of sales on ebay. I would stay away until they come down to reality. I might even consider $200 just for nostalgia. But thats max.

Tonelover · June 22, 2004 7:52AM

They emailed me today, saying they have a motivated seller and need to sell now.

That's funny. Now, who could that motivated seller be?

jeffnpcb · June 22, 2004 7:59AM

I think they are over-hyped duds in the coin market! Now the gold may be a different matter!

100proof1957 · June 22, 2004 8:09AM

does it not read "100 coins" ?
that would make the bid 10 bucks ea.
course who knows what the reserve is.
if they have gone through NTC and dates are good,could you lose a bunch @10-15 ea ?

Proof

merz2 · June 22, 2004 9:53AM

I too believe there should be no premium for these coins.I don't trust their picking the coins either!!!

Placid · June 22, 2004 9:57AM

Proof they are selling these coins for $1000.00 each at some coin dealers.
If you can get them for $15ea then I doubt you will lose money. I will even buy one from you for 3 times that much.
I also doubt you will trip the reserve

PoseidonCoins · June 22, 2004 10:16AM

They have another group of 100 with a starting bid of $99,999.00. And, if you win them, they will throw in FREE SHIPPING. Almost too go0d of a deal to pass up.

100proof1957 · June 22, 2004 10:20AM

it does read funny.
one time it looks like one coin and the next its a 100 ?

100proof1957 · June 22, 2004 11:28AM

I bid 1500.00,outbid and reserve not met.

Placid · June 22, 2004 11:42AM

Try $30,001

earlwbollinger · June 22, 2004 11:58AM

Reading through there carefully, they state down in the "fine"print that it is a auction for one single coin, not 100 pieces like the title states.
$100.00 would be a reasonable max bid.
they are looking for suckers thinking they are getting 100 coins.
Who needs a stupid wood display case and DVD with background info to go with the coin.

Placid · June 22, 2004 12:07PM

"We will guarantee the winner of this lot to receive one hundred SS Republic coins spanning at least 5 of the aforementioned dates."

tmot99 · June 22, 2004 12:13PM

It actualy says both. At first it says it is one coin. Then later, it says that this is a wholesale lot of 100 coins. I think they copied the auction text from a single coin auction but then forgot to edit it.

It would be nice to have a piece of this history, but not at the prices they are going for.

Shipwreck

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