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Is This A Legit Quick Flip Attempt?

 
 
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Pillar of the Community
United States
1096 Posts
 Posted 12/07/2017  9:37 pm Show Profile   Bookmark this topic Add BadDog to your friends list Get a Link to this Message
There's a current eBay auction for a 1928 $2 LTN that shows Heritage Auction photos for pictures of the note.

So, I looked the note up on the Heritage site and found that it sold for $228 on Nov 7th.

Do you think someone is trying a legit 1 month flip of this note? or could this be a fake photo in the eBay auction? It seems strange that if someone is trying to flip the note that they either didn't put a reserve on it or start the bidding at a higher number.

Any thoughts?
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United States
9196 Posts
 Posted 12/07/2017  9:47 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
U.S. based seller with 100% positive feedback and several positive sales in the last few months. No worries other than they should take their own pictures.
ANA #R3154474
Pillar of the Community
United States
2639 Posts
 Posted 12/07/2017  10:25 pm  Show Profile   Bookmark this reply Add WheatBack to your friends list Get a Link to this Reply
This is quite common. I've bought stuff on Heritage before and sold it for quite a bit more on eBay.. all within a month.
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United States
1274 Posts
 Posted 12/07/2017  11:11 pm  Show Profile   Bookmark this reply Add techwriter to your friends list Get a Link to this Reply
Well, depends if you're really interested or need it for your collection; then go for it.
Current GreenSheet Bid is $250.
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 Posted 12/07/2017  11:41 pm  Show Profile   Check spruett001's eBay Listings Bookmark this reply Add spruett001 to your friends list Get a Link to this Reply
Everything appears legit to me. Let's see what the profit (if any) will be.

Tantum religio potuit suadere malorum.
-Lucretius

"Just because you're paranoid don't mean they're not after you."
-Kurdt Kobain

My Want List: http://goccf.com/t/282022
Pillar of the Community
United States
1096 Posts
 Posted 12/08/2017  07:50 am  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply

Quote:
Everything appears legit to me. Let's see what the profit (if any) will be.


Yup, this is what got me to wondering about it.

Like everyone is indicating the seller looks to be legit, but they don't have an eBay store. So they'll be paying 10% eBay selling fee, 2.9% paypal fee and shipping. It looks to me like the note has to sell for around $270 for the seller to break even from their Heritage Auction cost. That seems to me like a pretty rich cost for this note. One just sold on Great Collections this past Sunday for $205 + buyers fee + shipping, figure around $235 all-in, a similar price to the Heritage Auction.

I guess we'll see what happens.
Bedrock of the Community
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40512 Posts
 Posted 12/08/2017  4:47 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
One thing about the Bay, you just never know what will happen.
Pillar of the Community
United States
1096 Posts
 Posted 12/09/2017  3:16 pm  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply

Quote:
One thing about the Bay, you just never know what will happen.

Ain't that the truth

This seller is also trying to flip a 1957B $1 SC PMG 66 with a nice low serial number. Again, they got it from a Heritage auction on Nov 28th for $94. It'll be interesting to see how this flip goes as well.
Pillar of the Community
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1096 Posts
 Posted 12/10/2017  10:55 pm  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply
Ok, so the auction for the $2 LTN ended with a winning bid of $203.49 and the $1 SC ended with a winning a bid of $66.33, both are significantly less than what the seller paid for the notes.
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 Posted 12/11/2017  12:05 am  Show Profile   Check spruett001's eBay Listings Bookmark this reply Add spruett001 to your friends list Get a Link to this Reply
I just saw that. Not my buy/sell strategy!
Tantum religio potuit suadere malorum.
-Lucretius

"Just because you're paranoid don't mean they're not after you."
-Kurdt Kobain

My Want List: http://goccf.com/t/282022
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