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 Replies: 46 / Views: 6,298 |
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Pillar of the Community
United States
3479 Posts |
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Pillar of the Community
United States
1375 Posts |
In the first go round, this was bidding war between 2 bidders from $4k to the $11k winning bid.
Looks like the loser may be able to save $ if they still want it after the winner returned it. But then again, maybe that will tell them something about the coin.
Edited by BadDog
11/18/2017 2:58 pm
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Valued Member
United States
414 Posts |
That is assuming the "bidding war" wasn't between the buyer himself to generate hype in the next go around. I don't believe any sane person willing to spend that kind of money wouldn't have enough brain to look up comp values on heritage and in the process find this coin's history.
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Bedrock of the Community
13014 Posts |
Quote:
I don't believe any sane person willing to spend that kind of money wouldn't have enough brain to look up comp values on Heritage and in the process find this coin's history. Wouldn't even have to put that much effort into it. All they would have to do is ask themselves why is this coin raw |
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Valued Member
United States
167 Posts |
It seems that there's a trend of people picking up odd lots on Heritage/ Stacks and then passing them on at much higher prices. Last month I went to my 1st USA coin show in at least 5 years. There was only 1 interesting gold coin out of about 5 at the whole show of about 150 dealers. It was some date of 1890 2.5$ Liberty in a 61 holder but it looked quite pretty w/ semi-PL surfaces and a few small marks. The seller wanted $900. and pushed the rare date. I looked it up and saw that it recently sold at Heritage for $400. Thus I think there's a lot of bargain hunting at these large auctions with odd lots/problematic coins. As mentioned elsewhere I've only bought 3 coins on ebay, all of which I've returned. On the 1890 2.5, yes it may be low mintage but how many want one in 61? Anybody who can afford a 2.5 Lib date set can pick up those pieces in 64 with little effort. Now a rare date $20 or an early $10 or even a classic head gold in 61 has some selling points. Edited by Gallienus
11/21/2017 09:07 am
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Pillar of the Community
United States
7375 Posts |
 Have seen lots of Heritage slabs recently purchased, go right to ebay to flip. Most of the time it appears to be a risky proposition with the seller making very little money, or none. I think the seller of this coin might have a winner though if they can get the buyer to actually keep it. Bids will probably go high again, and will be interesting to see if the underbidder(s) try again. I bid $240 but got outbid, dang!  Edited by edweather
11/21/2017 09:21 am
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Pillar of the Community
United States
1375 Posts |
Well it sold again. This time for $3,402.33.
What a roller coaster for whoever owned this coin. They must have been ecstatic when it sold 3 weeks ago for $11K, only to be disappointed when it was returned (or not paid for), and now perhaps devastated by selling it for considerably less than the $4,817.50 they paid for it at the Heritage auction in early August.
I sort of feel sorry for them to have been on this up and down ride.
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Pillar of the Community
United States
3479 Posts |
Hammered at $3,402.33. I tried to buy it in the last seconds but I'm not sure what happened. My bid of 3,353.33 isn't even showing up in the bid history.  Edited by MikeF
11/24/2017 9:20 pm
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Bedrock of the Community
13014 Posts |
Don't worry mike it'll probably be relisted. I seriously doubt they're going to eat almost a 2k loss
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Bedrock of the Community
United States
94367 Posts |
Mike - Just check the bid list. How far off were you?
Edited by Coinfrog
11/24/2017 9:19 pm
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Pillar of the Community
United States
3479 Posts |
I bid 3,353.33 with like 2 seconds left and it doesn't show up in the bid history. The next full increment bid was for 3,352.33 but I added an extra dollar.
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Pillar of the Community
United States
3479 Posts |
e***m the winning bidder with only 2 feedback reviews started making automated bids at 3,102.33. Looks like my bid never even registered.
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Valued Member
United States
414 Posts |
Mike,
The item ended 24 Nov 2017 at 6:10:51PM PST and the highest bid of 3,402.33 was entered at 24 Nov 2017 at 6:09:41PM PST, 10 seconds to end of auction. The reason your bid isn't showing up is it probably errored out and didn't let you enter your bid as the existing bid was already higher (you probably didn't notice the bid or due to delay it never made it to you, this happens often when bidding on mobile devices).
As for the auction itself, I am certain the previous bidding was BS. Seller shilled all the way up to 11K to generate a buzz and then naturally cancelled the sell for some BS reason. No sane person would EVER pay 11k for this coin. I agree with you basebal21, I'd be surprised if this seller will honor the sale. He'll most likely welch out and get his account suspended/banned and then start another one - rinse & repeat. This is probably why his account has 6 reviews to begin with...
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Pillar of the Community
United States
7375 Posts |
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Pillar of the Community
 United States
8521 Posts |
You'll see it again.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Replies: 46 / Views: 6,298 |
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Posted 11/18/2017 2:52 pm
