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What's Going On With This 1883 No Cents Auction?

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nolawyer's Avatar
United States
763 Posts
 Posted 11/02/2011  7:57 pm Show Profile   Bookmark this topic Add nolawyer to your friends list Get a Link to this Message Number of Subscribers
http://www.ebay.com/itm/270839639895

As I write this, the bid is $610.00 for a NGC MS65 1883 No Cents Liberty nickel. Numismedia has it at $213 in MS65 and $400 in MS66.

Is this a rare variety?

PS - I have a PCGS MS65 1883 No Cents nickel that I will gladly sell for $600 :)

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Adam_E's Avatar
United States
4846 Posts
 Posted 11/02/2011  8:06 pm  Show Profile   Bookmark this reply Add Adam_E to your friends list Get a Link to this Reply
it does have a die crack, but I dont see how it could kick the value up $400.

it looks like its in an OH, though, so maybe the buyers lookin to regrade it.
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dave700x's Avatar
United States
10625 Posts
 Posted 11/02/2011  8:27 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
It may just be another bidding frenzy. I have watched many auctions form this seller and they all seem to end way over what I would be willing to pay.
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nickelsearcher's Avatar
United States
15408 Posts
 Posted 11/02/2011  8:48 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply


GSC is known for excellent internet photography and some ... ummmh ... modifications to raw coins to make them more appealing to the E-Pray masses.

In this case ... no way they have 'enhanced' an NGC slabbed coin ... so all I can guess is that their loyal following is out of their collective minds on this one.

David
Take a look at my other hobby ... http://www.jk-dk.art
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nolawyer's Avatar
United States
763 Posts
 Posted 11/02/2011  9:36 pm  Show Profile   Bookmark this reply Add nolawyer to your friends list Get a Link to this Reply
It is hard to understand unless 2 bidders are mistaking it for a With Cents coin. It is fairly common to see MS65 No Cent coins (PCGS or NGC) go for less than $200.

This coin would have to regrade at MS67 for the $600 to be worth it and it looks accurately graded at MS65 to me.

I just hope those same bidders will bid on one of my auctions some day.
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Coinstar's Avatar
United States
1510 Posts
 Posted 11/02/2011  9:57 pm  Show Profile   Bookmark this reply Add Coinstar to your friends list Get a Link to this Reply
I saw "coin vault" last night lying on the TV --they were offering a roll of 40 V Nicks "these go for 7-8 dollars a piece in the catalog" they looked pretty beat up (like the ones I buy for 50 cents a piece)

Price

99 DOLLARS!
Retired USAF 1983-2003
Edited by Coinstar
11/02/2011 9:58 pm
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jokingjoker's Avatar
United States
2150 Posts
 Posted 11/02/2011  10:20 pm  Show Profile   Bookmark this reply Add jokingjoker to your friends list Get a Link to this Reply
Ebay+Greatsoutherncoin auctions = WAY ABOVE NORMAL!
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brg5658's Avatar
United States
627 Posts
 Posted 11/03/2011  01:30 am  Show Profile   Bookmark this reply Add brg5658 to your friends list Get a Link to this Reply
I'm going to put my money on "shill bidding". That or someone can't read. I mean, this is just crazy money for an MS65 No Cents nickel. I purchased an NGC MS64 No Cents nickel 2 months ago for $70 (attached photo). I see NO reason why this one would go for $600!


What's-Going-On-With-This-1883-No-Cents-Auction?
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 11/03/2011  01:44 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Only two possibilities. Shill, or world-class stupid. Don't underestimate the latter.
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Coinstar's Avatar
United States
1510 Posts
 Posted 11/03/2011  10:36 am  Show Profile   Bookmark this reply Add Coinstar to your friends list Get a Link to this Reply
nice one BRG
Retired USAF 1983-2003
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oih82w8's Avatar
United States
7840 Posts
 Posted 11/03/2011  11:07 am  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
Too bad that ebay is hiding the bidders identification, I would love to get ahold of the #2 person to offer my 1883 NC for the losing bid!

BRG, that is pretty cool image, would you mind passing along the technique? I am not very good at the overlaying/photoshopping of images.
Edited by oih82w8
11/03/2011 11:09 am
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grancap74's Avatar
United States
289 Posts
 Posted 11/03/2011  11:47 am  Show Profile   Bookmark this reply Add grancap74 to your friends list Get a Link to this Reply
I just looked at the bidding page, I see the bidder who won shows that 86% of his bids were with this seller. Plus he just kept bidding himself up.
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dave700x's Avatar
United States
10625 Posts
 Posted 11/03/2011  2:10 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
Nice coin BRG. That one looks nicer than that 65 from GSC! Should be worth more than $620.
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mariospaghetti's Avatar
United States
421 Posts
 Posted 11/10/2011  2:33 pm  Show Profile   Bookmark this reply Add mariospaghetti to your friends list Get a Link to this Reply
Wow, I guess someone got carried away with the bidding. and your right most of the bids were his/hers. Yes I agree it would be nice if they stopped by my ebay page and bid on some of my stuff!
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cipster's Avatar
United States
2362 Posts
 Posted 11/10/2011  9:31 pm  Show Profile   Bookmark this reply Add cipster to your friends list Get a Link to this Reply
OK, I'll take the unpopular position here as it seems to be about GSC. First, in my humble opinion the bidding went crazy in this particular auction and someone paid way too much but that's ebay...

Regarding GSC they are masters at photography and juicing the photos of their coins. I've been beat up as some in this forum think I'm supporting them but it's really about supporting the buyers. In their defense - at least I can see the details of the coins compared to sellers who intentionally post blurred photos. I've probably looked at several hundred GSC auctions and bought five or six times. I'm a happy customer. I can see what I'm buying and I'm happy with my purchases.
Member ANA and EAC

"You got to lose to know how to win".
Dream On by Aerosmith
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rjkingston's Avatar
United States
642 Posts
 Posted 11/10/2011  9:43 pm  Show Profile   Bookmark this reply Add rjkingston to your friends list Get a Link to this Reply
Crazy high bidding for this coin. My bets are on shill bidding.
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