An Interesting Massachusetts Coin - Coin Community Forum

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Author	Replies: 5 / Views: 1,051
swamperbob Pillar of the Community United States 5362 Posts	Posted 02/10/2007 11:30 pm As a former life long resident of Massachusetts, I always am on the look out for a nice Massachusetts coin - real or counterfeit. I spotted this interesting piece and put in a snipe bid. I thought the final results were INTERESTING to say the least. http://cgi.ebay.com/ws/eBayISAPI.dl...280078531352 My question is - Does anyone recognise this coin as something worth in excess of $3,000? If not did two snipers simply get caught in a high stakes gamble that one lost BIG TIME? Report this Post to the Staff

texasmick Pillar of the Community United States 751 Posts	Posted 02/10/2007 11:37 pm I don't know how much one of those coins is worth, so I can't answer your question about what happened. I am chuckling at Bidder 4, though. The last time I retracted a bid, the final selling price was many times my retracted amount too. Report this Post to the Staff
SsuperDdave Moderator United States 23522 Posts	Posted 02/10/2007 11:58 pm If genuine, $3k for a Pine Tree Shilling of that grade is a little high but not totally out of line. A similar example went for $3450 last month at Heritage. Report this Post to the Staff
AuldFartte Pillar of the Community United States 830 Posts	Posted 02/11/2007 11:21 am I doubt the winner can go wrong with that return policy. Report this Post to the Staff
SsuperDdave Moderator United States 23522 Posts	Posted 02/11/2007 12:28 pm quote: I doubt the winner can go wrong with that return policy. Furthermore, the seller's feedback is superb - 5k unique transactions, many repeat buyers, and no Negatives or Mutual Withdrawls, ever. However, the buyer raised an alarm with me. The successful bidder has not had a transaction, or even a bid, on ebay since 2003. That's a real red flag, and I felt strongly enough about the possibility of a scam that I contacted the seller concerning it. Report this Post to the Staff
swamperbob Pillar of the Community United States 5362 Posts	Posted 02/11/2007 2:06 pm When I looked at the bids, I was particularly taken by the spread. Two bidders at $3500 - and the third down at under $300. The 10x spread seems too big. Looked to me like two snipers wanted to place "Buy Bids" and they just took a risk with a big overbid. One was just far more anxious than the other. Any comments on authenticity? I saw it as a possible contemporary counterfeit. Report this Post to the Staff
	Replies: 5 / Views: 1,051

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