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Why Ebay And Not Heritage For A Set Like This

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Bedrock of the Community
Bryan1315's Avatar
United States
14454 Posts
 Posted 11/07/2006  3:19 pm Show Profile   Bookmark this topic Add Bryan1315 to your friends list Get a Link to this Message Number of Subscribers
I beleive I would rather pay Heritage's fee's than pay ebay's fee's when it comes to publicity that Heritage would generate with a set of this magnitude. The seller is Rare Coin Wholesalers so we all know they are a legit company and definately would be one to have this sort of collection but the question still remains, why ebay http://rover.ebay.com/rover/1/711-1...717176&mpre=http://cgi.ebay.com/Finest-Known-Original-Pan-Pac-Commemorative-Set_W0QQitemZ220046343312
Pillar of the Community
Australia
1295 Posts
 Posted 11/07/2006  3:28 pm  Show Profile   Bookmark this reply Add markn to your friends list Get a Link to this Reply
I have seen items of this sort of magnitude put up on ebay just for advertising purposes. I would bet that the vendor will remove the listing after a week or so and eat the listing fees just as a way of generating some interest in the item.
Valued Member
CiScO's Avatar
United States
458 Posts
 Posted 11/07/2006  3:36 pm  Show Profile   Bookmark this reply Add CiScO to your friends list Get a Link to this Reply
My God 695K, maybe I'll bid on it--
Forum Dad
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bobby131313's Avatar
United States
24173 Posts
 Posted 11/07/2006  3:38 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
quote:
I have seen items of this sort of magnitude put up on ebay just for advertising purposes.


That's exactly what it is. Note the link to their website, very large, right smack in the middle of the listing. Extremely ebay illegal, but they don't care, they think they're above ebay law.

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Yass's Avatar
Australia
652 Posts
 Posted 11/07/2006  3:43 pm  Show Profile   Bookmark this reply Add Yass to your friends list Get a Link to this Reply
Markn,
You beat me to it. Yes, I agree. I believe the seller has simply put the coins up for the advertising that will flow from it. For me, the question that remains is "Do people with that sort of money frequent ebay, i.e., trolling for bargains?"
Valued Member
CiScO's Avatar
United States
458 Posts
 Posted 11/07/2006  3:45 pm  Show Profile   Bookmark this reply Add CiScO to your friends list Get a Link to this Reply
quote:
Originally posted by Yass

Markn,
You beat me to it. Yes, I agree. I believe the seller has simply put the coins up for the advertising that will flow from it. For me, the question that remains is "Do people with that sort of money frequent ebay, i.e., trolling for bargains?"



I do
Bedrock of the Community
Bryan1315's Avatar
United States
14454 Posts
 Posted 11/07/2006  3:57 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
sur they do, just because you have alot of money doesn't mean you just wait for others to attribute that expensive coin they bought on ebay when you can go looking on ebay and buy it from an unsuspecting seller for fractions of what its worth if they actually knew it was a very rare die marriage or what ever. And in those times you just hope others think like you and that others with the money doesn't troll ebay looking for the same type of items. Even if it does get a little interest you will look like you are paying stupid money to all the unsuspecting other ebayers when in fact you are laughing all the way to the bank
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Susanlynn9's Avatar
United States
5877 Posts
 Posted 11/07/2006  5:20 pm  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
Something else to consider...I don't believe that Rare Coin Wholesalers pays any ebay fees. There are a number of companies that have agreements like this. ebay counts on the hits that their site will get from these high-priced auctions and that more than makes up for the fees they don't get. It's a winning situation for both the seller and ebay.
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Irishraider's Avatar
United States
1454 Posts
 Posted 11/07/2006  5:56 pm  Show Profile   Bookmark this reply Add Irishraider to your friends list Get a Link to this Reply
I can't even imagine what it would be like to have that much money and be able to afford something that beautiful. I wouldn't know what it would be like to have $695 to spend on coins let alone $695K.

Pillar of the Community
Australia
1295 Posts
 Posted 11/07/2006  7:04 pm  Show Profile   Bookmark this reply Add markn to your friends list Get a Link to this Reply
Well if they did it for advertising purposes it worked. I've seen posts here, on the NGC boards, and the PCGS boards now so people are talking about it!
Bedrock of the Community
Bryan1315's Avatar
United States
14454 Posts
 Posted 11/07/2006  7:55 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
quote:
Originally posted by Irishraider

I can't even imagine what it would be like to have that much money and be able to afford something that beautiful. I wouldn't know what it would be like to have $695 to spend on coins let alone $695K.




I have spent a couple thousand on one coin a few times but I would LOve to be able to affrord that set because not only are the coins beautiful, they are a very important peice of numismatic history that very few people are able to own and not because not may people have the money, its just that the sets doesn't exist
Edited by Bryan1315
11/07/2006 7:57 pm
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Morgan Fred's Avatar
United States
2684 Posts
 Posted 11/07/2006  9:00 pm  Show Profile   Bookmark this reply Add Morgan Fred to your friends list Get a Link to this Reply
Does PayPal even accept amounts this high? Seems to me that if this much came through PayPal's system, there'd be a lot of smoke around the computers as they went up in flames when they short out.
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dsking's Avatar
United States
2365 Posts
 Posted 11/07/2006  9:14 pm  Show Profile   Bookmark this reply Add dsking to your friends list Get a Link to this Reply
Insurance "not included"!

Well they lost my bid!
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Susanlynn9's Avatar
United States
5877 Posts
 Posted 11/07/2006  9:21 pm  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
No, I don't believe Paypal does accept this much money. It is not excpected to sell on ebay...just drive people to their site and get people interested in ebay.
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Morgan Fred's Avatar
United States
2684 Posts
 Posted 11/07/2006  9:36 pm  Show Profile   Bookmark this reply Add Morgan Fred to your friends list Get a Link to this Reply
quote:
Originally posted by dsking

Insurance "not included"!

Well they lost my bid!



Now that the competition has thinned out, I'll make my bid.

I'm not worried about insurance. I've hired Wells Fargo to move it in one of their armored cars.
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Yass's Avatar
Australia
652 Posts
 Posted 11/08/2006  12:35 am  Show Profile   Bookmark this reply Add Yass to your friends list Get a Link to this Reply
quote:
Originally posted by Morgan Fred

Does PayPal even accept amounts this high? Seems to me that if this much came through PayPal's system, there'd be a lot of smoke around the computers as they went up in flames when they short out.

For this amount of money, I wouldn't be having anyone other than myself handling the transaction. What's a flight to the US and a couple of days stay over compared to $650K? No thanks paypal, I'll pick it up personally
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