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Are They Really Worth That Much ?

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appleangel07's Avatar
Australia
1607 Posts
 Posted 05/22/2012  9:14 pm Show Profile   Bookmark this topic Add appleangel07 to your friends list Get a Link to this Message Number of Subscribers
$825 for 8KG's of pennies,over a $100 per kilo,what the .... am I missing something here ? was there a 1930 penny sitting in the top that I could'nt see ? bet the seller is happy anyway.

http://www.ebay.com/itm/1911-1964-A...em4165dda2f2
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trout1105's Avatar
Australia
7096 Posts
 Posted 05/22/2012  9:34 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
WOW looks like I have a few grands worth of coppers at home then
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MobOfRoos's Avatar
Australia
762 Posts
 Posted 05/22/2012  9:59 pm  Show Profile   Bookmark this reply Add MobOfRoos to your friends list Get a Link to this Reply
Thats over $1 a coin which, considering it is a bulk purchase and any half decent ones would have been taken out, is a steep price.

It must have been the sellers lucky day
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enworb's Avatar
Australia
4411 Posts
 Posted 05/22/2012  11:39 pm  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply
I sold 2.2 kg of KGV pennies about 6 months ago for $60 so I got screwed majorly if this is the where the market is now. Somehow I highly doubt it is and looking at the bidding it is the result of a few people wanting this particular lot bad enough...why though...crazy
New Member
Australia
24 Posts
 Posted 05/23/2012  12:08 am  Show Profile   Bookmark this reply Add fuddpuckers to your friends list Get a Link to this Reply
maybe buyers saw some coins in the picture that are worth some $'s
New Member
Australia
24 Posts
 Posted 05/23/2012  12:27 am  Show Profile   Bookmark this reply Add fuddpuckers to your friends list Get a Link to this Reply
deceased estate as well - decreasig chance of taking out the good ones
Valued Member
JamieSpat's Avatar
Australia
119 Posts
 Posted 05/23/2012  12:44 am  Show Profile   Bookmark this reply Add JamieSpat to your friends list Get a Link to this Reply
Wow. I'm rich. I'm rich I tell ya. Tell that buyer to call me. I'll give him 10% discount right now.
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enworb's Avatar
Australia
4411 Posts
 Posted 05/23/2012  12:49 am  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply
If anyone actually this those coins are from a deceased estate they're kidding themselves. That's the oldest trick in the book IMO.
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Jeff's Avatar
Australia
877 Posts
 Posted 05/23/2012  12:55 am  Show Profile   Bookmark this reply Add Jeff to your friends list Get a Link to this Reply
Wait...there's more. http://www.ebay.com/itm/1911-1964-A...em3f17da7c4d This is the fourth lot of 8kg (deceased estate) pennies from this seller. Total, so far, 32kg; that is approximately 3,300 coins!

Jeff
Edited by Jeff
05/23/2012 01:59 am
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enworb's Avatar
Australia
4411 Posts
 Posted 05/23/2012  12:59 am  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply
What a coincidence. 4 deceased estates all with the same number of pennies each
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wwwww's Avatar
Australia
541 Posts
 Posted 05/23/2012  01:40 am  Show Profile   Bookmark this reply Add wwwww to your friends list Get a Link to this Reply
I know 'deceased estate' rings every scam bell in the book but the seller could've just split a large deceased estate over several lots.
Valued Member
Australia
105 Posts
 Posted 05/23/2012  01:43 am  Show Profile   Bookmark this reply Add Graeme to your friends list Get a Link to this Reply
The CBC calico bag is the highlight of the auction,I would love to have the bag.
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appleangel07's Avatar
Australia
1607 Posts
 Posted 05/23/2012  02:32 am  Show Profile   Bookmark this reply Add appleangel07 to your friends list Get a Link to this Reply
For someone to bid that high/hard on these maybe they bought a previous lot & they did have key dates in them,i know thats the only way i'd ever bid more than 25/30 a kilo,but still even then you'd nearly have to be getting 1 or 2 key dates per kilo to make it worth while.
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enworb's Avatar
Australia
4411 Posts
 Posted 05/23/2012  03:00 am  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply
To break even you would want to find 2 average 1925 and 4 or 5 1946. 1914, 15, 26... 31 etc arent going to attract prices anywhere near good enough unless they are in good condition.
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goatieman23's Avatar
Australia
869 Posts
 Posted 05/23/2012  03:02 am  Show Profile   Bookmark this reply Add goatieman23 to your friends list Get a Link to this Reply
Seriously...what a joke. I can get a calico bag from ANZ, ruffle it up with a bit of mud & sell my coins for an absolute ridiculous amount of money.

I sell ( ebay auctions) my coppers for basically 30-35 cents per coin.
Basically as enworb said; $30 per kilo is what they were fetching.
My rule of thumb is that Penny's are pretty much 10g, Halfpenny's are pretty much 5g.
1kg is 100 Penny's...so be it.

Time to list as deceased estate...then again I don't bulls__t & to me, what goes around comes around.
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Wade's Avatar
Canada
2781 Posts
 Posted 05/23/2012  8:26 pm  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
is "deceased" estate an australian thing?

here in canada we pretty much assume y'er already dead if you're dealing with an estate.
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