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Question about Ebay sale for ¼ bullion platinum coin

timber100timber100 Posts: 863 ✭
in U.S. Coin Forum

ebay link

Why would anyone pay 500 for this ¼ oz. bullion platinum? The coin is worth $215 at current spot and as of Friday, you can buy a proof or Unc. From the mint for $200 less. The seller’s add is misleading in that he is using words like rare and infers the US mint stopped making the coin. Is this a simple case of the seller running a misleading add and looking for people stupid enough to pay this price or am I missing something?

Comments

  • STONESTONE Posts: 15,275 ✭
    Bullion tends to trade higher than spot, especially on sites such as eBay.
  • rgCoinGuyrgCoinGuy Posts: 7,478 ✭
    Could also be that he listed it before they came back online at the mint, or missed that they are available again. Looks like 5 people have bought them already probably using the live.com cashback. I searched for PCGS coins friday, and all the plats were overpriced after the mint came back online.
    imageQuid pro quo. Yes or no?
  • CasmanCasman Posts: 3,935 ✭✭
    Aren't those the bullion plat's? Not the W's that went back on sale...
  • tmcsr69tmcsr69 Posts: 1,307 ✭
    He has sold 5 so far and I don't get it. Hopefully the buyers don't plan on reselling any time soon.
    Crazy old man from Missouri
  • 7Jaguars7Jaguars Posts: 7,816 ✭✭✭✭✭
    Not a lot of the bullion 1/4's out there, maybe more now that the mint seems to be releasing a few others. 1/2s still a bit scarcer...
    Love that Milled British (1830-1960)
    Well, just Love coins, period.

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