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What am I missing in this Teletrade auction?...

uofa1285uofa1285 Posts: 2,252 ✭✭
in U.S. Coin Forum
...that it should be so highly regarded by the seller to think it will sell for the reserve amount. The seller has done this a couple times now on this coin...

Unbelievable Teletrade "reserve", if you will.

Doug
Visit my eBay Store to see my (mostly) overpriced Rainbow Toned PCGS/NGC coins! IshopCoinShows4You

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    RussRuss Posts: 48,514 ✭✭✭
    He may have accidentally added a zero to his buyback bid. There's a group of ICG proofs listed right now that are all at about 10x what they're worth. I figure that's what happened in that case.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
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    uofa1285uofa1285 Posts: 2,252 ✭✭


    << <i>He may have accidentally added a zero to his buyback bid. There's a group of ICG proofs listed right now that are all at about 10x what they're worth. I figure that's what happened in that case.

    Russ, NCNE >>



    Phew - a costly error I would think if it is repeated over and over. Thanks for the info, Russ.

    Doug
    Visit my eBay Store to see my (mostly) overpriced Rainbow Toned PCGS/NGC coins! IshopCoinShows4You
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    RedTigerRedTiger Posts: 5,608 ✭
    It might be owned by the house, and they are looking for the big fish to bite. On toners, a seller never knows when a newbie with hot money and deep pockets is going to show up. If owned by the house, it costs next to nothing to relist again and again. Just a few big fish every now and again, pays the bills for a long time.



    Investment blog: gold, stocks and more

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