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Do you believe sales claims from non-auction sources?

291fifth291fifth Posts: 25,228 ✭✭✭✭✭
Joe Potatoes, of Joe Potatoes Coins, Cards and Bait, announced the private treaty sale of the excessively rare 1862-D $5.00 gold coin to an unnamed St. Louis area collector for $7.5 million, a new record price for a U.S. coin. This coin, which was unknown until this past spring when it was found in the estate of a decendent of a Confederate official who had fled to Brazil in 1865, shocked the numismatic world.

Do you believe sales reports like this?
All glory is fleeting.

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    wondercoinwondercoin Posts: 17,138 ✭✭✭✭✭
    I was told that many publications / TV stations, etc. these days will not report on a non-auction sales price without a copy of the sales agreement and/or a copy of the payment instrument.

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
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    RYKRYK Posts: 35,801 ✭✭✭✭✭
    There's no such thing as an 1862-D $5, so obviously I do not believe it.

    In general, I do believe these sales reports, unless I am led to believe otherwise. It means nothing to me personally, since I will never be in line for the coin, so if sales figures are inflated, what's the difference?

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