Scratching My Head Here... - Coin Community Forum

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Author	Replies: 22 / Views: 3,241	Page: of 2
Prismatic Spray New Member Canada 31 Posts	Posted 12/15/2013 7:28 pm Can anyone here explain to me, why this coin: http://www.ebay.com/itm/Canada-ERRO...271347760362 ..has such an insane selling price? It was sold to this seller, at this auction: http://www.moorecoins.com/1-00-1969...el_i11304842 After doing a little digging on the internet, I discovered that this coin has quite a history! It is not unique though - here is a different one that TCNC tried to sell at the TLC auction in Hamilton in 2010... http://www.icollector.com/MINT-ERRO...ous_i9421403 This coin on ebay is the one Chuck Moore brought to several coin shows (look at the mark on the R of DOLLAR), who tried to sell it in auctions over the next couple years: October 2011 - http://www.icollector.com/1-00-1969...el_i11304842 June 2012 - http://www.icollector.com/DOLLAR-19...fi_i12928920 February 2013 - http://www.icollector.com/Nickel-Do...ie_i15441739 So how does a coin go from not selling for the reserve price at three auctions, to being worth $200K? Edited by Prismatic Spray 12/15/2013 7:39 pm Report this Post to the Staff

Pokermandude Pillar of the Community Canada 1192 Posts	Posted 12/15/2013 7:33 pm The short answer is: it isn't worth even close to what the seller is asking for it. Report this Post to the Staff
bobby131313 Forum Dad United States 24167 Posts	Posted 12/15/2013 7:37 pm It's just the ebay version of... "How much do you want for that?" "Oh, just make me an offer!" No big deal, happens all over ebay. The seller knows it's not worth that, he just wants offers so he can pick one. Shop CCF Members on eBay. Report this Post to the Staff
Prismatic Spray New Member Canada 31 Posts	Posted 12/15/2013 7:42 pm I thought it was more like... "Look what I have!!" Or, it could be.... rpE6tmau7jQ Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 12/15/2013 7:53 pm The auction record has been established for this piece. Enough said. Report this Post to the Staff
bobby131313 Forum Dad United States 24167 Posts	Posted 12/15/2013 7:53 pm It's perfectly normal. ebay forces you to put in a BIN price even though you just want offers, so you just use a ridiculously high one. Shop CCF Members on eBay. Report this Post to the Staff
bobby131313 Forum Dad United States 24167 Posts	Posted 12/15/2013 7:56 pm Quote: So how does a coin go from not selling for the reserve price at three auctions, to being worth $200K? Worth has nothing to do with asking prices. Shop CCF Members on eBay. Report this Post to the Staff
yingyang Pillar of the Community Canada 1823 Posts	Posted 12/15/2013 9:19 pm The seller hopes someone won the lottery and will buy the coin for 200 grand Edited by yingyang 12/15/2013 9:20 pm Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 12/15/2013 10:56 pm I have seen this type of tactic before. It's a form of advertising. Report this Post to the Staff
SPP-Ottawa Moderator Canada 10458 Posts	Posted 12/16/2013 12:36 am Most definitely not unique. At least 8 are known, and I know of two in collections that grade higher, right here in the Ottawa area. Here is mine, buried in an old thread, graded PCGS PL-66 https://goccf.com/t/127421 We (the old CCRS gang) used to think it was crazy back when Alan Hagar had two of them for sale in the $20,000 price range about six years ago. As for the current owner/seller, I will decline comment. /unplug toaster... "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US My eBay store Edited by SPP-Ottawa 12/16/2013 01:17 am Report this Post to the Staff
DBM Pillar of the Community Canada 9865 Posts	Posted 12/16/2013 09:47 am This seller needs an audience, he wore out his welcome on a number of forums including this one.It is indeed "look what I have", and it works. "Dipping" is not considered cleaning... -from PCGS website Report this Post to the Staff
john100 Pillar of the Community Canada 5324 Posts	Posted 12/16/2013 10:23 am With that many known pieces on this coin, the last Moore auction price would be a pretty accurate value for this coin. Seen the Moore example a couple years ago at Torex but didn't meet minimum bid. Report this Post to the Staff
RUSH2112 New Member Canada 49 Posts	Posted 12/17/2013 6:23 pm Shouldn't part of the rim be missing if it's punched on a canada half dollar blank? The bottom icollector coin looks right, this one looks full. Am I missing something here? Report this Post to the Staff
Zimmy Valued Member United States 460 Posts	Posted 12/18/2013 7:16 pm Although the price is ridiculous, the coin in question appears to be struck on a struck coin, not just on a 50 cent planchet. This would make this coin much more valuable as a double denomination, if in fact it's struck on a struck 50 cent denomination. It seems everyone is comparing it to a off metal and not as a double denomination. If you look close, you can see elements of the 50 cent design. Report this Post to the Staff
Smallcentguy Pillar of the Community Canada 1984 Posts	Posted 12/18/2013 8:42 pm While it would be more unusual if it were struck on a 50 cent coin, it is only more valuable if there is a buyer. There is only a limited market for contrived Canadian errors like this, and I think the market has no buyers at prices anything close to this. Personally I like this one way more...... http://coins.ha.com/c/item.zx?saleN...&lotNo=23244 This is also no doubt a contrived error and is likely going to sell for a whole lot less than the asking price the coin in this string is looking for. Report this Post to the Staff
Zimmy Valued Member United States 460 Posts	Posted 12/18/2013 9:20 pm The coin is more valuable as a double denomination than just an off metal. That is a fact. My comment had nothing to do with whether there is a buyer or not. Report this Post to the Staff
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