bull23 (aka luckbox23), I have another question for you. What are you going to do if you don't reach your reserve of $6000. Say you get up to $5900, will you sell or not? What if it only goes to $4002 and stops, then what?
If your reserve auction price is not met, you have absolutely NO obligation to sell it thru eBay. You can sell it out on your own...or to people that bombard you with offers via email. This whole cheerios set thing really intrigues me...something this simple that was distributed in a cereal box...is worth this kind of money. CONGRATS ON YOUR FIND! MAKE THE BEST OF IT AND CASH OUT MY FRIEND!!!
When an auction doesn't meet reserve and consequently there's no sale, I would never automatically assume that the high bid shown is that of an interested arms-length buyer.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
Kranky, <<When an auction doesn't meet reserve and consequently there's no sale, I would never automatically assume that the high bid shown is that of an interested arms-length buyer>>
I agree.....In this case, I bet you could probably count out the top two bidders and go down to $3K before you find a real "serious" bidder. JMHO.
<< <i>Kranky, <<When an auction doesn't meet reserve and consequently there's no sale, I would never automatically assume that the high bid shown is that of an interested arms-length buyer>>
I agree.....In this case, I bet you could probably count out the top two bidders and go down to $3K before you find a real "serious" bidder. JMHO.
Brian >>
I'd agree, if it was known that another example was sold for $3K.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
Always took candy from strangers Didn't wanna get me no trade Never want to be like papa Working for the boss every night and day --"Happy", by the Rolling Stones (1972)
possible since people knew reserve was 6,000 that it was bid up to make it look like it was worth more....without any risk that they would actually have to buy it ........why sell it for $2,500 if you had $4000 bid....hmmmm
<< <i>possible since people knew reserve was 6,000 that it was bid up to make it look like it was worth more....without any risk that they would actually have to buy it ........why sell it for $2,500 if you had $4000 bid....hmmmm >>
I know it was said here that the reserve was 6K but it wasn't stated in the auction.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
the buyer was one of the high bidders in the auction - - he stated that he knew my reserve was high and was never actually intending to pay that much for the coin. well at least it brought some excitment for awhile - - let the coin go - - kinda needed the money - - thanks for all the info guys and feedback
Comments
it just seems that everybody just complains about things here
Just curious...
---------------------
-------------------
Finish like a professional!
<< <i>am allowed to sell it thru ebay if it doesn happen to hit my reserve - - and again we will have to see once the auction is over >>
The buyer isn't obligated to purchase it, though!
Self Indulgence | Holey Coins | Flickr Photostream
If your reserve auction price is not met, you have absolutely NO obligation to sell it thru eBay. You can sell it out on your own...or to people that bombard you with offers via email. This whole cheerios set thing really intrigues me...something this simple that was distributed in a cereal box...is worth this kind of money. CONGRATS ON YOUR FIND! MAKE THE BEST OF IT AND CASH OUT MY FRIEND!!!
T
i am looking to cash out on this deal - - and i myself cant believe all the comotion this coin is causing
So we still don't know what it's worth... since no sale was completed
Liberty: Parent of Science & Industry
<< <i>We know it's worth a heck of a lot more than many of us thought! >>
Unless you didn't think it was worth $1500-$2000, then not neccesarily.
Self Indulgence | Holey Coins | Flickr Photostream
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
<<When an auction doesn't meet reserve and consequently there's no sale, I would never automatically assume that the high bid shown is that of an interested arms-length buyer>>
I agree.....In this case, I bet you could probably count out the top two bidders and go down to $3K before you find
a real "serious" bidder.
JMHO.
Brian
<< <i>Kranky,
<<When an auction doesn't meet reserve and consequently there's no sale, I would never automatically assume that the high bid shown is that of an interested arms-length buyer>>
I agree.....In this case, I bet you could probably count out the top two bidders and go down to $3K before you find
a real "serious" bidder.
JMHO.
Brian >>
I'd agree, if it was known that another example was sold for $3K.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
Liberty: Parent of Science & Industry
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
<< <i>coin sold - 2500.00 >>
Thanks for the update.
I guess "they" were wrong.. there IS a Santa Claus in the coin business
Liberty: Parent of Science & Industry
<< <i>possible since people knew reserve was 6,000 that it was bid up to make it look like it was worth more....without any risk that they would actually have to buy it ........why sell it for $2,500 if you had $4000 bid....hmmmm >>
I know it was said here that the reserve was 6K but it wasn't stated in the auction.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.