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Gadzooks!!! Can I borrow $850,000.00 ?

CladiatorCladiator Posts: 18,343 ✭✭✭✭✭
in U.S. Coin Forum
Second finest known (I think), NGC MS66, just hit eBay.

...Link to the auction...


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ps. For the record, I don't know the seller or the owner.

Comments

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    pharmerpharmer Posts: 8,355 ✭
    Interesting that an item of this caliber would be offered in this venue. Is the seller silly, or is eBay a legit venue for this? Maybe more eyes here, before it goes to a known coin house?
    Quis custodiet ipsos custodes?

    Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."

    image
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    CladiatorCladiator Posts: 18,343 ✭✭✭✭✭
    I think putting it on eBay is more of a form of cheap advertising than actually hoping it will sell there.
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    FatManFatMan Posts: 8,977 ✭


    << <i>Interesting that an item of this caliber would be offered in this venue. Is the seller silly, or is eBay a legit venue for this? Maybe more eyes here, before it goes to a known coin house? >>

    Steve Contursi is a big boy. This is the real deal. My guess is they use the venue simply for a bit of cheap added exposure.
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    lloydmincylloydmincy Posts: 1,861 ✭
    Fatman beat me to it.
    The Accumulator - Dark Lloyd of the Sith

    image
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    numismanumisma Posts: 3,877 ✭✭✭✭

    It is not cheap if he started the auction at $850,000. I wonder if they take PayPal. image I also like the shipping terms: FREE First Class Mail, insurance not offered.
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    pharmerpharmer Posts: 8,355 ✭


    << <i>

    << <i>Interesting that an item of this caliber would be offered in this venue. Is the seller silly, or is eBay a legit venue for this? Maybe more eyes here, before it goes to a known coin house? >>

    Steve Contursi is a big boy. This is the real deal. My guess is they use the venue simply for a bit of cheap added exposure. >>



    Well, I'm not sure why I feel this way, but I think it's neat to see eBay used as a venue for something of this value.
    Quis custodiet ipsos custodes?

    Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."

    image
  • Options
    AuldFartteAuldFartte Posts: 4,597 ✭✭✭✭
    Whatever the seller's reasons for putting it on the 'bay, that's one helluva nice coin imageimageimage
    image

    My OmniCoin Collection
    My BankNoteBank Collection
    Tom, formerly in Albuquerque, NM.
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    410a410a Posts: 1,325 ✭
    Cladiator, It's a heck of a nice coin. I see you have good taste in
    life's finer things. I accept your request as you well know verbal
    contracts are binding here in NJ. I have the $850,000.00 for
    you @ 28.9% APR which is also legal here in NJ. You may pick up
    the check this afternoon.image
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    flaminioflaminio Posts: 5,664 ✭✭✭
    Looks like it could use a nice dip....



    KIDDING!!! I'm just kidding! Put away the torches and pitchforks...
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    notwilightnotwilight Posts: 12,864 ✭✭✭
    This is about 7 miles from where I'm sitting right now at work. If anyone wants me to view the coin for them arrange it with the seller and I'll be glad to go look at it for you. image

    Interesting coincidence this coin and others showing up today after the seller was mentioned in the cover article of the new greysheet and then featured prominetly in a thread earlier today.

    --Jerry
  • Options
    notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>

    << <i>

    << <i>Interesting that an item of this caliber would be offered in this venue. Is the seller silly, or is eBay a legit venue for this? Maybe more eyes here, before it goes to a known coin house? >>

    Steve Contursi is a big boy. This is the real deal. My guess is they use the venue simply for a bit of cheap added exposure. >>

    Well, I'm not sure why I feel this way, but I think it's neat to see eBay used as a venue for something of this value. >>



    As I've said before, Ebay isn't like Walmart or Nieman Marcus. Both of these stores are one seller and you can predict how you will be treated at each one. But it will be quite different. Ebay is a place were both sellers, and many more, can exist. Trying to lump all ebay sellers together is unfair and unrealistic. On ebay you'll find all kinds (just like in the brick and mortar world). Poorguy and Russ (and others) are selling some very nice coins, I'm selling some Modern Crap right now, and a few sleezy guys are giving it a bad name--but only to those unable to see the variety in sellers. So I'm not at all suprised to see Ebay used. If you get your price the selling fees are much less than the auction houses charge. --Jerry
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    lkeneficlkenefic Posts: 9,337 ✭✭✭✭✭
    Gee...I dunno...a seller with only 4 feedbacks!!! I recall a thread no too long ago that would have disqualified him as a potential scammer... image
    Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;

    Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
  • Options
    Dog97Dog97 Posts: 7,874 ✭✭✭
    <<<Gee...I dunno...a seller with only 4 feedbacks!!! I recall a thread no too long ago that would have disqualified him as a potential scammer... image >>>
    Yep. Seller been a member for 3 years and only made 4 cheap deals less than $5, not made any deals in over 7 months, all of a sudden lists a million dollar coin with bad pictures, and First Class shipping with NO INSURANCE??? Must be a hijacked account. Probably a shill. image you see winky, right image
    Dear Mr. rarecoinca, I got your package today but the corner was torn off the #10 envelope and the coin was missing. Please send me a refund or a replacement coin or I'll hold you feedback hostage and ruin your perfect feedback. image just joking, you see winky, right image
    Change that we can believe in is that change which is 90% silver.
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    tradedollarnuttradedollarnut Posts: 20,606 ✭✭✭✭✭
    Whatever happened to the NGC MS68 half disme? It's no longer on the pop report....
    Early Dollar Set
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    bhartman35bhartman35 Posts: 1,398
    So I have two questions:

    1) What's the Ebay + PayPal fee on a $850,000.00 sale? $42,500??
    2) Can you say "chargeback"!? image
    If you haven't noticed, I'm single and miserable and I've got four albums of bitching about it that I would offer as proof.

    -- Adam Duritz, of Counting Crows


    My Ebay Auctions
    image
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    RussRuss Posts: 48,514 ✭✭✭


    << <i>It is not cheap if he started the auction at $850,000. >>



    Insertion fee is $4.80. It's very cheap exposure.



    << <i>1) What's the Ebay + PayPal fee on a $850,000.00 sale? $42,500?? >>



    It won't sell through eBay and, even if it did, it couldn't be paid for with PayPal.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
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    notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>

    << <i>It is not cheap if he started the auction at $850,000. >>

    Insertion fee is $4.80. It's very cheap exposure. Russ, NCNE >>




    Yep. Ebay understands business. Keep the insertion fee down and charge fees to higher sellers. As for the final value fee, 3% is 25,500. Much cheaper than what an auction house would charge. --jerry
  • Options
    bhartman35bhartman35 Posts: 1,398


    << <i>

    << <i>It is not cheap if he started the auction at $850,000. >>



    Insertion fee is $4.80. It's very cheap exposure.



    << <i>1) What's the Ebay + PayPal fee on a $850,000.00 sale? $42,500?? >>



    It won't sell through eBay and, even if it did, it couldn't be paid for with PayPal.

    Russ, NCNE >>



    I don't understand. PayPal is one of the payment options. How could it not be payable through PayPal?
    If you haven't noticed, I'm single and miserable and I've got four albums of bitching about it that I would offer as proof.

    -- Adam Duritz, of Counting Crows


    My Ebay Auctions
    image
  • Options
    Dog97Dog97 Posts: 7,874 ✭✭✭
    <<<I don't understand. PayPal is one of the payment options. How could it not be payable through PayPal? >>>

    PayPal only good for up to $10k transaction.
    Change that we can believe in is that change which is 90% silver.
  • Options
    RussRuss Posts: 48,514 ✭✭✭
    Dog is correct. PayPal has a $10K single transaction limit.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
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    Dog97Dog97 Posts: 7,874 ✭✭✭
    Could make 85 separate PayPal payments I guess.
    Change that we can believe in is that change which is 90% silver.
  • Options
    lkeneficlkenefic Posts: 9,337 ✭✭✭✭✭


    << <i><<<Gee...I dunno...a seller with only 4 feedbacks!!! I recall a thread no too long ago that would have disqualified him as a potential scammer... image >>>
    Yep. Seller been a member for 3 years and only made 4 cheap deals less than $5, not made any deals in over 7 months, all of a sudden lists a million dollar coin with bad pictures, and First Class shipping with NO INSURANCE??? Must be a hijacked account. Probably a shill. image you see winky, right image
    Dear Mr. rarecoinca, I got your package today but the corner was torn off the #10 envelope and the coin was missing. Please send me a refund or a replacement coin or I'll hold you feedback hostage and ruin your perfect feedback. image just joking, you see winky, right image >>



    I'm glad someone else picked up on my sarcasm..L
    Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;

    Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
  • Options
    STONESTONE Posts: 15,275 ✭
    I know that that is a great coin, but I could buy better with that kind of money.
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    StampAlarmStampAlarm Posts: 1,668 ✭
    I've seen where you have to "sign up" when bidding on something over $9K on eBay. RareCoinWholeseelers does this from time to time....advertising.



    Jerry
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    notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>I know that that is a great coin, but I could buy better with that kind of money. >>



    I was wondering the same thing. I thought about posting to see if I could find interest in 100 shares at $8500 each but wasn't sure if this is such a good deal at that money. I may have to PM Laura. image
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    RichieURichRichieURich Posts: 8,621 ✭✭✭✭✭
    I saw that 1792 half disme on eBay yesterday and I thought one of you would pick up on it. Great coin, and certainly cheaper than the $1.3 million the other one (SP-67) went for!

    An authorized PCGS dealer, and a contributor to the Red Book.

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    roadrunnerroadrunner Posts: 28,371 ✭✭✭✭✭
    Is that 13 equal payments of $850,000 each? Hmmm.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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    notwilightnotwilight Posts: 12,864 ✭✭✭
    If $850k is a good deal I'll start looking for partners to share in the purchase of it. We can place our bet by midnight. --Jerry

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