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 Replies: 17 / Views: 7,571 |
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Valued Member
Australia
206 Posts |
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Valued Member
Australia
206 Posts |
Also the question mark in the Mint of Origin section is a bit of a give away the seller knows little about what he is selling.
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Pillar of the Community
Australia
655 Posts |
Let me see if I have my math correct. Zero feedback seller + 1930 penny + blurry picture + ebay = big trouble. Yep math is correct. |
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Pillar of the Community
Australia
2830 Posts |
G'day, auction closed:
65 bids by 16 bidders;
Winning bid: AU $4,040.00 (approximately US $3,793.56)
Bidder 9 must be disappointed.
buyer has FB=645, and is both a buyer & seller of coins.
I'd want better pics than in the listing before I bid $40, much more $4,040.
"australian penny fair condition ...
Mint of Origin : ?
Material: copper"
none of this inspires confidence ...
Renniks 2007 has the 1930 penny at $17,500 in VG: so this might look like a bargain, if one gets what one bargained for.
Peter
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Pillar of the Community
Australia
1040 Posts |
I really don't understand the sort of logic people must use to justify a purchase like this. I have been guilty of buying coins on ebay with bad pictures, but I do it more as a lucky dip to see what I get! And the most expensive one was last night for 3 pounds (which included postage to Australia) from ebay UK. No idea what it is, so will post for someone like Sap to identify it for me when it arrives. Honestly, unless you had spent a good deal of time studying what to look for on a 1930 penny and knew what you were looking for, wouldn't you ask for a certificate of authenticity? I am buying one at the moment (or rather have been all year) which will finally be paid for on the 30th October and will be in my hot little hands mid November. It is certified by Downies. And the pictures sent to me were just a little better than the ones in the ebay listing above.  |
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Valued Member
Australia
206 Posts |
The buyer of the ebay listing has been advised to ask for a letter of authenticity from a respected dealer here in OZ, by a equally concerned party. Without it, he will not be paying, so at worst he may get a strike. At best he will get a 1930 at a great price. Let's just hope it all works out for the best. |
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Bedrock of the Community
Canada
10743 Posts |
I haven't got a 1930 penny, but I have a 1930 half penny, is that worth anything?
I can't post a pic, but it is about EF/ AU
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Pillar of the Community
Australia
655 Posts |
A 1930 half penny in EF is $100, AU $575 in Maccas.
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Bedrock of the Community
Canada
10743 Posts |
Thanks, Learjet, for the info.  |
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Pillar of the Community
Australia
839 Posts |
I'd experiment with buying that if it stayed under $100, A seller like that, no feedback, what do you expect. I guess people are jsut desperate to get their ands on one of these.
But then again it could have been real? and the seller just didn't know too much about it. Doubt it though
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Rest in Peace
United States
2668 Posts |
farnbycoins that is a great link. I learned quite a bit about a coin I will probably never own. Knowledgeable posters sharing their learning and experience is what makes CCF a fantastic resource. Thank you.
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Pillar of the Community
United States
5318 Posts |
I'm perplexed why anyone would auction a 1930 in such a naive fashion? Perhaps they're betting a vague photo will draw a few hopeful buyers?  "The buyer of the ebay listing has been advised to ask for a letter of authenticity from a respected dealer here in OZ, by a equally concerned party." That's more like it--great work! Not that I plan on buying a 1930 anytime soon, but I'm bookmarking that useful link.  |
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Pillar of the Community
Australia
655 Posts |
Quote:
I'm perplexed why anyone would auction a 1930 in such a naive fashion? Attempt to commit fraud comes to mind, if it's known to be fake and can be identified as such by clear photos. Happens time and time again on ebay. Selling a genuine 1930 through a reputable dealer or auction house would get 20K+. |
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Valued Member
Australia
206 Posts |
Quote: Let me see if I have my math correct. Zero feedback seller + 1930 penny + blurry picture + ebay = big trouble. Yep math is correct.  I got the same answer, we must have had the same teacher  . Quote:
farnbycoins that is a great link. I learned quite a bit about a coin I will probably never own. Knowledgeable posters sharing their learning and experience is what makes CCF a fantastic resource I figure if someone like Peter can take the time to study and make informative sites, then it's the least we can all do to send any interested parties to the right source. Many collectors and enthusiasts have helped me big time over my 6 years in this hobby, and I like to return the favour by helping others where my limited knowledge permits. |
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Valued Member
Australia
432 Posts |
On the flip side, the coin maybe for real. Someone has inherited a bunch of 'old coins' from Grandad and just has no idea! BUT as Farby said, if it was me putting my hand THAT deep into my pockets, I'd be asking for Letters from Respected Dealers (and I'd be supplying a list of what I considered Respected) and MUCH better photo's! And as for selling it on ebay, ARE THEY MAD? I would have gone straight to Downies or something like that and talked about Auctioning the coin! But who knows, someone may have just picked up a Bargain! |
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Replies: 17 / Views: 7,571 |
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First Page
Posted 06/16/2008 9:29 pm
