Another Wow Coin On Ebay

Hi, Serious big collectors don't bother with ebay, Spink auctions would be better they get the big fish in, I think they are wasting their time.

Just my opinion. Know nothing about this coin though. Is it really worth nearly that much?

TY

I agree with Susan, this is all advertising.
They aren't expecting to sell this one.
They are asking 45% over full retail price.
PCGS puts it at $100,000 and they are always over the real cost.

Maybe a bib is in order?

It's worth my time just to have a look at such a beautiful specimen. And clearly, it's worth Anaconda's time and money to post it, knowing that it almost certainly will not sell but will definitely drive potential customer's to Anaconda's site.

I don't think I've ever heard of six-figure coins (or five- or seven-figure) selling off ebay. I know Michael Casper (Casper Coins http://www.caspercoin.com/ ) listed and relisted his Carson City Morgan PCGS Registry Set (number 3 on the Registry http://www.pcgs.com/setregistry/Com...e.aspx?c=151 ) for a cool million bucks over a period of at least six months (maybe a year) and actually had someone buy it off ebay, but I grew suspicious when he got immediate feedback yet the set was relisted a week or two later. He later broke up the set and sold them individually.

Whether you are a "serious" collector or not cannot be judged by the amount of money you spend. If you notice, I used the term "big-dollar" instead of "serious". There are people in this world who will blow money on anything - even if they don't know what it is - just to say that they have one. A person does not need to be a serious collector at all to spend "stupid" money for a coin.

Personally, I feel that the people like our members who endeavor to learn and share their knowledge are the "serious" collectors. These are people that are dedicating time as well as money into their collections.

What to do - what to do? Cash in the IRA and buy this coin and go back to work? Or keep the IRA and keep buying Franklin half dollars and enjoying life. Is this coin like the ultimate fantasy for the early copper collector - or what?

Colin

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Consider it this way: If you owned this coin, you could quit collecting and maintain your reputation based on the ownership of this one coin.

On the other hand, you'd have to.

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An interesting philosophical quandary: owning only one single high value coin and being unable to collect any other coins since one is in hock so deep than one can't afford any more. What can be done with a single coin, albeit extremely uncommon? Other than the security aspects, would one hit the show-and-tell circuit, let it sit in a special presentation frame in the living room where it can be admired by all, or would it languish in a dark safety deposit box until one's heir needed to make a decision on it.

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I would need this coin to find a job and bring in around $30,000 yearly. If it thinks it is getting free room and board in a bank somewhere - well it just better think again!

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Seems to me a coin with this background should be able to find a better paying job than a mere 30K per year although jobs are scarce for a coin born in 1793 (who says there's no discrimination against old coins in the work force?). Of course, if it's a lazy coin, it's more likely to go onto some coin welfare system - medicoinaid, conservation stamps, subsidized grading and housing, etc.