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Why Is This Coin So Popular?

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tfred's Avatar
Canada
627 Posts
 Posted 09/06/2012  8:19 pm Show Profile   Bookmark this topic Add tfred to your friends list Get a Link to this Message Number of Subscribers
Can someone explain why this coin has 15 bids and is all the way up to $36. What am I missing?
http://www.ebay.com/itm/Old-Canadia...em1c2af72678
Valued Member
Guatemala
357 Posts
 Posted 09/06/2012  8:31 pm  Show Profile   Bookmark this reply Add JMerrick to your friends list Get a Link to this Reply
I seriously doubt anyone saw the word 'Cleaned' in the subject. I didn't see it the first time I glanced. It's a pity, though... That is a very pretty reverse. I wonder why he didn't show the obverse...
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tfred's Avatar
Canada
627 Posts
 Posted 09/06/2012  8:40 pm  Show Profile   Bookmark this reply Add tfred to your friends list Get a Link to this Reply
If you scroll down you will see the obverse. Even if it wasn't highly polished, its only a F-VF coin worth $2-$4.

Are there really that many people out there being fooled by the high shine?
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Canada
9864 Posts
 Posted 09/06/2012  8:57 pm  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
More than tenfold what it's worth.He's got half a dozen more just as "lustrous".See how much they go for.Maybe it's time to get out the old shinola.
"Dipping" is not considered cleaning...
-from PCGS website
Edited by DBM
09/06/2012 9:01 pm
Pillar of the Community
dialog_gvf's Avatar
Canada
1581 Posts
 Posted 09/06/2012  9:08 pm  Show Profile   Bookmark this reply Add dialog_gvf to your friends list Get a Link to this Reply

Dazzled by bright shiny objects, I guess.
Valued Member
Canada
497 Posts
 Posted 09/06/2012  9:09 pm  Show Profile   Bookmark this reply Add west- canuk to your friends list Get a Link to this Reply
Maybe also since it's exactly 100 yrs before the last cent was minted, wonder if we'll see 1912 and 2012 sets being flogged on the bay, maybe time to load up on 1912 large cents and try my luck.
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SPP-Ottawa's Avatar
Canada
10458 Posts
 Posted 09/06/2012  9:09 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
Aside from being a junk bin coin, this looks like shill bidding to me, check out the bids between Sep-04-12 17:39:11 PDT and Sep-04-12 17:39:50 PDT.

I am always leery of private listings on ebay.

"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

My eBay store
Edited by SPP-Ottawa
09/07/2012 01:34 am
Pillar of the Community
Wade's Avatar
Canada
2781 Posts
 Posted 09/06/2012  9:45 pm  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
cant answer as to why its so popular,
but I can tell you that I am going to dig out my dremel tool and some jeweler's grit
Valued Member
secoinedchance's Avatar
Canada
449 Posts
 Posted 09/06/2012  9:50 pm  Show Profile   Bookmark this reply Add secoinedchance to your friends list Get a Link to this Reply
Yeah and once you've done the dremel thing Wade, hit it with some Silvo silver polish to really bring out that shiny new coin look......:)
Valued Member
pimpim's Avatar
Canada
111 Posts
 Posted 09/06/2012  10:48 pm  Show Profile   Bookmark this reply Add pimpim to your friends list Get a Link to this Reply
It is the second time I read shill bidding. I'm french and I don't really undertand it. Can anybody explain it?
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harrison2's Avatar
Mexico
1304 Posts
 Posted 09/06/2012  10:54 pm  Show Profile   Bookmark this reply Add harrison2 to your friends list Get a Link to this Reply
Shill bidding? Ha! Look at his feedback. One buyer bought +40 items between Aug-23-12 11:35 and 11:50 the same day. There are a bunch others too. You think they are buying 40 sheets of paper?
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Wade's Avatar
Canada
2781 Posts
 Posted 09/06/2012  11:41 pm  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
pimpin,

shilling is having a friend or yourself (using a false account) bid, with no intention of buying, in order to just raise a legit buyer's final price.
Rest in Peace
Dcadon's Avatar
Canada
1360 Posts
 Posted 09/07/2012  12:12 am  Show Profile   Bookmark this reply Add Dcadon to your friends list Get a Link to this Reply
I agree. Any time I see "private listing - bidders' identities protected" I'm suspicious if the owner isn't bidding up the price.
Valued Member
Senex's Avatar
291 Posts
 Posted 09/07/2012  07:28 am  Show Profile   Bookmark this reply Add Senex to your friends list Get a Link to this Reply
I concur - somethings not quite kosher there.
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tfred's Avatar
Canada
627 Posts
 Posted 09/07/2012  09:22 am  Show Profile   Bookmark this reply Add tfred to your friends list Get a Link to this Reply
I understand shill bidding. But explain the use of a private listing, or what ever it is being done to hide the bidders. What legitimate reasons are there to use this technique?
Bedrock of the Community
IndianGoldEagle's Avatar
United States
36782 Posts
 Posted 09/07/2012  09:34 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
Wow, a polished, worn, beat up 1912 at $36? Time to get out the old buffer and make some bright thingies that everyone wants.
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