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1956 Lincoln Cent Ebay Seller

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lincolncollector's Avatar
United States
373 Posts
 Posted 02/04/2024  8:43 pm Show Profile   Bookmark this topic Add lincolncollector to your friends list Get a Link to this Message Number of Subscribers
I found this on ebay. There's a circulated 1956 Lincoln Wheat cent selling for $699.99 or best offer:

https://www.ebay.com/itm/296205595192


1956-Lincoln-Cent-Ebay-Seller


What is so rare about a circulated 1956 Lincoln Cent?
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bobby131313's Avatar
United States
24192 Posts
 Posted 02/04/2024  8:45 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
Nothing, he's looking for offers. ebay forces sellers to put in a BIN to accept offers which is incredibly stupid. They always put in a very high BIN so they can get offers for many days. It's been a very effective sales tactic on ebay for years.
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Dearborn's Avatar
United States
98746 Posts
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lincolncollector's Avatar
United States
373 Posts
 Posted 02/04/2024  8:55 pm  Show Profile   Bookmark this reply Add lincolncollector to your friends list Get a Link to this Reply
I guess the "it's for charity" bit is supposed to make me want to hand over hundreds of dollars for a 1956 Lincoln Cent - and it isn't even uncirculated.
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lincolncollector's Avatar
United States
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 Posted 02/04/2024  9:02 pm  Show Profile   Bookmark this reply Add lincolncollector to your friends list Get a Link to this Reply
Not sure what this means. For Variety it has "l in Liberty lives on the rim". I don't see anything like that on this coin.
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Errers and Varietys's Avatar
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 Posted 02/04/2024  10:56 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
Just a normal circulated Wheat cent.
Errers and Varietys.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 02/05/2024  09:19 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Step right up, folks.
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Brandmeister's Avatar
United States
6604 Posts
 Posted 02/05/2024  09:58 am  Show Profile   Check Brandmeister's eBay Listings Bookmark this reply Add Brandmeister to your friends list Get a Link to this Reply

Quote:
They always put in a very high BIN so they can get offers for many days. It's been a very effective sales tactic on ebay for years.

Can you elaborate on that? For a while I've suspected something like that was in play. I had wondered if they weren't arranging sales for a specific buyer, who would then offer them a much, much lower pre-agreed amount. In essence, using ebay as a for-fee clearing house for an Internet transaction arranged elsewhere.
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Tacc's Avatar
United States
3535 Posts
 Posted 02/05/2024  12:14 pm  Show Profile   Bookmark this reply Add Tacc to your friends list Get a Link to this Reply
Yeah, total scam, all too many of them out there (scams that is)
10% to charity just means if some poor sole does buy this coin the seller still pockets
$630.00 for a coin worth 1 cent, in unremarkable condition.
Note: the item description sounds like it was AI generated...
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jpsned's Avatar
United States
2220 Posts
 Posted 02/05/2024  12:28 pm  Show Profile   Bookmark this reply Add jpsned to your friends list Get a Link to this Reply
Here's another coin from the same crook. I love in the description where it says "Certified As Uncertified."

https://www.ebay.com/itm/296207057553
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Tacc's Avatar
United States
3535 Posts
 Posted 02/05/2024  12:46 pm  Show Profile   Bookmark this reply Add Tacc to your friends list Get a Link to this Reply

Quote:
description where it says "Certified As Uncertified."

What a Joke!

part of same description:
"This exquisite Lincoln Wheat penny is a rare and shining example of numismatic excellence. With a stunning radiance that is sure to catch the eye"

Am I buying a Used 1987 Buick here? Does it come with a warranty?
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jpsned's Avatar
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2220 Posts
 Posted 02/05/2024  1:04 pm  Show Profile   Bookmark this reply Add jpsned to your friends list Get a Link to this Reply

Quote:
Am I buying a Used 1987 Buick here? Does it come with a warranty?



I also like how in the 1956 ad, the copy states that "The year 1956 is a significant year in the history of the United States and this coin is a great way to commemorate it."

Am I missing something? Other than Elvis releasing "Hound Dog" and Don Larsen pitching a perfect game in the World Series, what was significant about 1956?
Edited by jpsned
02/05/2024 6:26 pm
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BStrauss3's Avatar
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4600 Posts
 Posted 02/05/2024  1:38 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
When was the next perfect game pitched in the World Series?
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50+ year / Life / Emeritus ANA member (joined 12/1/1973)
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Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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 Posted 02/05/2024  1:55 pm  Show Profile   Bookmark this reply Add coin rejector to your friends list Get a Link to this Reply
I kinda blame youtube & tiktok because now I see so many articles like this.... "CHECK YOUR CHANGE I sifted through rolls of dimes from the bank & discovered 'mirror-like finish' on 3 coins - now it's worth up to $456k" .... https://www.the-sun.com/money/10235...like-finish/ . The dime in the article pic, is a Denver & not a proof.
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Tacc's Avatar
United States
3535 Posts
 Posted 02/05/2024  2:02 pm  Show Profile   Bookmark this reply Add Tacc to your friends list Get a Link to this Reply

Quote:
When was the next perfect game pitched in the World Series?


None since Don Larsen.
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United States
450 Posts
 Posted 02/05/2024  4:08 pm  Show Profile   Bookmark this reply Add Maine Member to your friends list Get a Link to this Reply
I've heard that these listings are often associated with criminal drug deals. Anyone have any info on this?
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