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1916D Mercury MS66FB on eBay.. for $81K !  
 

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Valued Member

United States
108 Posts
 Posted 08/11/2017  08:16 am Show Profile   Bookmark this topic Add einstem to your friends list Get a Link to this Message
Wow.. would someone actually pay $81,000 on eBay for a coin? Does that happen?
Here is the listing:

http://www.ebay.com/itm/1916-D-MERC...201869774489


Yes, it is a slabbed and graded coin, but just curious if things this value ever even sell on eBay?

$81,000 is a bit over my monthly colin budget.. by about $80,900....

Regards,


Michael
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 Posted 08/11/2017  08:27 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
Yes, people do buy such items. This particular seller has tons of high end items, and although they are relatively new, they have 100% feedback.

You can make them an offer
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 Posted 08/11/2017  08:35 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Mike , yes that's a crazy price but I believe there are diehards that pay up . Think of it this way , the buyer does not have to pay a buyers fee from a major auction house . Considering , it has been verified and graded by a reputable grading company , so why not buy the coin from E-Bay .
Don't take life too seriously and remember it is just a passing fad ......
Michael Philip Jagger

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1021 Posts
 Posted 08/11/2017  09:28 am  Show Profile   Check Andrew99's eBay Listings Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
Unlike an auction house, eBay has a maximum final value fee of, I think $400. So the seller will pay no commission on the value over a $4000 sales price which make it a great venue to sell high value items. You still have to use Paypal which charges a flat 1.8%, but that is nothing compared to Heritages' 20% buyer fee which essentially comes out of the seller's pocket as buyers will take it into account when buying as well as the 5-10% seller fee.
The collection is in your mind. Dispose of your albums and free your mind from the tyranny of holes.
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United States
108 Posts
 Posted 08/11/2017  10:14 am  Show Profile   Bookmark this reply Add einstem to your friends list Get a Link to this Reply
Thanks for the info.. so, sounds like it actually could be a "win" for both the buyer and the seller.

So, given my $100 monthly coin budget, it will take me only 810 months (67.5 years) to save-up for this coin...

If I up my budget to $200 a month, then it can be mine in only a short 34 years...

Got to love this hobby!


Michael
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United States
8184 Posts
 Posted 08/11/2017  10:25 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
Yes, it is a slabbed and graded coin, but just curious if things this value ever even sell on eBay?


Seldom if ever. This seller uses eBay primarily for advertising. A prospective buyer can then contact them directly and negotiate a better price with zero eBay or Paypal fees involved.

A quick check of their feedback will confirm this.
ANA #R3154474
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United States
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 Posted 08/11/2017  11:08 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
If you check eBay sold for US coins only, the top seller was a 1885 Proof 68 Morgan that sold for $79,800. There are over 30 sales after that sold for more than $10,000.

Keep in mind this is only for US coins and only for SOLD lots.
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United States
8184 Posts
 Posted 08/11/2017  12:14 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Seldom if ever do coins of this price ($81k) sell on eBay. RareCoinWholesaler hasn't sold a coin on eBay (with feedback) in two months and none are anywhere near this price in the last year.

The answer to the OP's question? These high dollar coins are on eBay for advertisement.

P.S. That proof Morgan was from 80% feedback live auction "shill" seller.
ANA #R3154474
Edited by BH1964
08/11/2017 12:20 pm
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 Posted 08/11/2017  4:31 pm  Show Profile   Check coinlover1899's eBay Listings Bookmark this reply Add coinlover1899 to your friends list Get a Link to this Reply
Sure is pretty...
My name is Devin, and I have been collecting now for around 2 years. I love early American coppers. I set up at coin shows and sell on eBay with my dad (I own most of the coins we sell, and he owns most of the currency), and most of all... I have fun!
Visit my eBay store, I have lots of BINS and auction style listings:
http://stores.ebay.com/In-God-We-Tr...and-Currency
Valued Member
United States
86 Posts
 Posted 08/11/2017  4:51 pm  Show Profile   Bookmark this reply Add Sheldon Overton Baby to your friends list Get a Link to this Reply
This is mainly for exposure yes. And as you can see by this very thread: it works.

Awesome coin still.
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 Posted 08/11/2017  4:57 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Yes, yes and yes!
"You can't fool all the people all the time - others would like a chance."

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 Posted 08/11/2017  5:21 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Mike,

Offer seller $40K, then you cut your payment in half.

The Mercury Dimes Specialist!
Current project: US Dansco 7070 Album
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 Posted 08/11/2017  6:06 pm  Show Profile   Check coin197's eBay Listings Bookmark this reply Add coin197 to your friends list Get a Link to this Reply
http://www.ebay.com/itm/1795-BUST-1...AOSw4CFY1zNC

A coin from the same seller. I can say I've held this coin before.
ANA Member since 12/2015
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Australia
12903 Posts
 Posted 08/11/2017  7:11 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
If I was genuinely interested (which I am not), I would need to do due diligence that the slab was genuine, irrespective of the reputation of the seller.
The stakes are just too high to just accept.

Very tempting to spend $hundreds to reproduce the slab, in the hope of getting $thousands in return.

Perhaps a guarantee from the seller, then get it re slabbed at my nomination, would be good approach.
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 Posted 08/11/2017  8:03 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
I tried PCGS cert verification, and the gold coin from Eliasberg PCGS value is $1,150,000, so is only $419,800 over price guide.

The Mercury Dimes Specialist!
Current project: US Dansco 7070 Album
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 Posted 08/11/2017  11:45 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
I tried PCGS cert verification, and the gold coin from Eliasberg PCGS value is $1,150,000, so is only $419,800 over price guide.


You can throw the price guide out the window on that one
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