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50k For 50c Ebay Item... Will They Never Learn?

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 20 / Views: 4,279Next Topic Page 2 of 2
Pillar of the Community
Australia
877 Posts
 Posted 12/24/2011  02:21 am  Show Profile   Bookmark this reply Add Jeff to your friends list
I wonder how much he would put as starting price if he had a 1923 ½penny, 1930 penny, 192/21 overdate 3d etc.? [Not that ebay would be a good way to sell these.]
The mind boggles.

Jeff
Valued Member
Australia
318 Posts
 Posted 12/24/2011  02:44 am  Show Profile   Bookmark this reply Add CoinManTim to your friends list
I had emails with this seller last week. When I pointed out these coins, in sets, still only fetch issue price ($800-850) he replied with: "I'll buy any set at $800". And to be honest, why wouldn't he? -

He also had the 1c and 2c from the set listed for $50,000.

In 100 years time, who knows, he might get a lucky billionaire who only took up an interest in coin collecting seven minutes before seeing his ebay post!
Valued Member
Australia
105 Posts
 Posted 12/24/2011  04:17 am  Show Profile   Bookmark this reply Add Graeme to your friends list
I saw this item on ebay tonight and both my wife and I had a good laugh at it. "Tell him he's dreaming".
Rest in Peace
United States
9104 Posts
 Posted 12/24/2011  11:17 am  Show Profile   Bookmark this reply Add biggfredd to your friends list

Quote:
Let them dream on Steve, all that will happen is the seller wil get the listing bill from ebay without making a sale and we get to have a good laugh at them at the same time.


ebay has been running tons of free listing days/weeks, pay only fvf. Plus I think you get 50 free listings per months.

Even in the old days, the maximum listing fee was $4.80, even for $1 million items.
Pillar of the Community
1119 Posts
 Posted 12/24/2011  6:27 pm  Show Profile   Bookmark this reply Add erkle to your friends list
5 times I have started to set up to sell on ebay, 5 times I have given up within minutes thinking what is all the crap
Pillar of the Community
Australia
877 Posts
 Posted 12/24/2011  6:36 pm  Show Profile   Bookmark this reply Add Jeff to your friends list
You can have up to 30 free listings a month but Final Value Fee (sales commission) is much higher.
ebay didn't come down in the last shower.

Jeff
New Member
United States
31 Posts
 Posted 12/24/2011  6:38 pm  Show Profile   Bookmark this reply Add jeremy_ryanne to your friends list
It makes a noob like myself wonder if anyone ever buys these outrageous "1 of a a kind" "treasures?" Maybe I should put an obscure coin up for $50k and hope for the best LOL. Anyone else see that Morgan "Christ on the Cross" "error" for $16k or $26k (i cant remember)? I don't understand the outrageous asking prices on some of these coins...
Pillar of the Community
Australia
4411 Posts
 Posted 12/24/2011  7:06 pm  Show Profile   Bookmark this reply Add enworb to your friends list
Pretty reasonable price for the "rareist" 50c. If you're going to list an item at that much you would think one would check the spelling. It happens time and time again. Generate an awareness of the coin through ebay?
Formerly nancyc
Australia
5385 Posts
 Posted 12/24/2011  7:09 pm  Show Profile   Bookmark this reply Add Nevol to your friends list
I spotted 4 x Aussie 2001 10c - all with die cracks - Asking $100 BIN or Best Offer - I offered what I thought they were worth - $6 and was declined. Sheesh!

I really wanted those little beggars -
life is a mystery to be lived not a problem to be solved
Rest in Peace
United States
9104 Posts
 Posted 12/24/2011  7:19 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list
Jeff-

True, but if there's only a fraction of 1% that anyone will bid, it's worth taking the chance of a higher fvf, rather than the sure payment of $4.80 for each listing.
Rest in Peace
United States
9104 Posts
 Posted 12/24/2011  7:30 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list

Quote:
I don't understand the outrageous asking prices on some of these coins


If you're going to beg, you might as well beg for a dollar as a quarter.
Valued Member
Australia
490 Posts
 Posted 12/25/2011  5:02 pm  Show Profile   Bookmark this reply Add steve - Oz 50c man to your friends list
This came in as well...

/quote
Yes you are right it was not really issued as normal currency, I under stand that when they proposed it they were going to do in in silver, had they of done so it would be worth nothing, being in a set is a negetive but you still can not get away from the fact that the 1c and 2c coins are normal 1 & 2c coins, the 50c is normal in that it is the third time they issued the round 50c coin 1966 and 2006 making them normal but all rare. I own three sets and have never sold a coin in my life, it is unlikely that I will start here. If I am correct over the next 10 to 20 years they will go up in value once it become known that they exist and it is realized how rare they are. I will buy any sets I see on the market, good luck hope you get one too.
/endquote
Pillar of the Community
Australia
7096 Posts
 Posted 12/25/2011  5:36 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list
Auction ended with NO bids AMAZING
Pillar of the Community
Australia
762 Posts
 Posted 12/25/2011  6:59 pm  Show Profile   Bookmark this reply Add MobOfRoos to your friends list

Quote:
I own three sets and have never sold a coin in my life, it is unlikely that I will start here. If I am correct over the next 10 to 20 years they will go up in value once it become known that they exist and it is realized how rare they are.


It actually makes sense now. This seller knows that he will never sell this coin for $50,000.
What he is actually doing is a publicity stunt.
After all, a coin's value isn't just related to its rarity. it's also related to it's popularity.
This seller is hoping that all the talk generated by the listing will increase peoples awareness of the coin, and indirectly, increase its value.
I'm not sure if this tactic will work in the long term but kudos to him for trying.

.....and who knows, someone who has just won the lottery might actually buy it.

(PS. I am not the seller)
New Member
Australia
40 Posts
 Posted 12/28/2011  07:28 am  Show Profile   Bookmark this reply Add Philski to your friends list
i would really like one of the new round 50c but, 50k. I could buy a really nice Porsche 911s and drive to the mint with a chauffeur a lot cheaper.
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