Lincoln Penny Listing Strategy On Ebay

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Author	Replies: 7 / Views: 1,373
shermae Valued Member United States 259 Posts	Posted 06/10/2014 9:00 pm The seller of this coin 251551729675 has a series of other AU58's listed in auctions on ebay. In each case, he quotes the MS60 price for the given date. I guess my Hyundai would seem really cheap if I told you how much a mid-sized Benz costs. Can anyone explain the strategy here? Report this Post to the Staff

jhp2104 Valued Member United States 291 Posts	Posted 06/10/2014 9:32 pm All he needs is one person to make that mistake and place a bid. Report this Post to the Staff
Cruisinfusion Pillar of the Community United States 1531 Posts	Posted 06/10/2014 10:05 pm Not a big price jump from AU-58 to MS-60, but I don't think his statement of value for an MS-60 example is very accurate. Report this Post to the Staff
BStrauss3 Pillar of the Community United States 4589 Posts	Posted 06/11/2014 12:39 am There is a school of thought that an AU58 is a lovely coin, perhaps an MS65 or better marred by a tiny bit of wear, even just cabinet friction. While an MS60 is, although mint state, a dog. Or jhp2104 is right and hope springs eternal... -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ Report this Post to the Staff
srs77 Pillar of the Community United States 3112 Posts	Posted 06/11/2014 09:22 am It's called the American way. He can ask whatever he wants for the coin. Now, whether anyone purchases it or not is anyone's guess. If one person bites, he's golden. Strategy works providing someone is interested enough. Report this Post to the Staff
Dar Pillar of the Community United States 1476 Posts	Posted 06/11/2014 3:21 pm It's not Just the AMERICAN way my friend. It's been going on a lot longer then this Country has been established. Report this Post to the Staff
shermae Valued Member United States 259 Posts	Posted 06/12/2014 5:11 pm BStrauss- I love AU58 coins and consider nice ones the next step below MS64. They usually have nicer surfaces than MS63's. The challenge is finding them, and then finding the nice ones. Slabbed are great- hopefully a proper grade and you can pick/choose coins that meet your requirements. But raw, well, very few sellers have raw AU58's. Either the coins are XF-AU53 or but being offered as AU55, or they are close to AU58 but offered as "Gem-BU." It's an adventure. Report this Post to the Staff
BadThad Bedrock of the Community United States 19935 Posts	Posted 06/12/2014 5:29 pm That's a nice 15D! Lot's of collectors will go for an AU-58 coin since they are usually VERY nice. Lincoln Cent Lover! VERDI-CARE™ INVENTOR https://verdi.care/ Report this Post to the Staff
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