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buddy16cat's Avatar
United States
1536 Posts
 Posted 04/19/2015  4:11 pm Show Profile   Bookmark this topic Add buddy16cat to your friends list Get a Link to this Message Number of Subscribers
Sometimes I browse the new BIN listings and come across something like this: http://www.ebay.com/itm/1971-D-kenn...em35e8a6c156

Help me understand why people do this? Do they have no clue what their coins are worth?
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 04/19/2015  4:16 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
Do they have no clue what their coins are worth?


Correct. No more complex than that.
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publius's Avatar
United States
807 Posts
 Posted 04/19/2015  4:34 pm  Show Profile   Bookmark this reply Add publius to your friends list Get a Link to this Reply
If you get a roll of halves from the bank, probably at least 20% will be 1971s.
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bpoc1's Avatar
United States
4078 Posts
 Posted 04/19/2015  4:56 pm  Show Profile   Bookmark this reply Add bpoc1 to your friends list Get a Link to this Reply
You guys/gals are correct but I would bet there will be a bidder.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 04/19/2015  5:27 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
You guys/gals are correct but I would bet there will be a bidder.


Of course. Sellers have no monopoly on cluelessness.
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zxcccxz's Avatar
Canada
5417 Posts
 Posted 04/19/2015  5:27 pm  Show Profile   Bookmark this reply Add zxcccxz to your friends list Get a Link to this Reply

Quote:
You guys/gals are correct but I would bet there will be a bidder.


I would disagree with you. If it was that easy to sell a commmon Kennedy half, I'd be auctioning them off by the dozen.
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buddy16cat's Avatar
United States
1536 Posts
 Posted 04/19/2015  6:17 pm  Show Profile   Bookmark this reply Add buddy16cat to your friends list Get a Link to this Reply
Right, my bank will easily order me a roll of halves. If I can sell them as a BIN of $40, I would definitely do it.
Pillar of the Community
United States
5197 Posts
 Posted 04/19/2015  6:52 pm  Show Profile   Bookmark this reply Add jack jeckel to your friends list Get a Link to this Reply
That's the problem since ebay did away with their insertion fees.

It used to cost you 35¢ to list an item.

If an item didn't sell because it was way overpriced a seller would usually at least lower the price when they relisted it. Now that there is no fee (or consequence) for listing junk ebay is now flooded with overpriced garbage that is relisted over and over every week and it just clogs up the searches.
Bedrock of the Community
United States
20753 Posts
 Posted 04/19/2015  11:41 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Ever go to a used car lot. They ask all kinds of money for junk and sometimes get it. Same with coins. Worth a try.
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Elimist's Avatar
United States
632 Posts
 Posted 04/20/2015  02:04 am  Show Profile   Bookmark this reply Add Elimist to your friends list Get a Link to this Reply

Quote:
Ever go to a used car lot. They ask all kinds of money for junk and sometimes get it. Same with coins. Worth a try.


Not if you're scrupulous. You could probably sell a common date Indian Head cent or Mercury dime to somebody who's never seen one for ten, fifteen, maybe 20 bucks...but would you sleep well at night doing it? This ebay seller seems to just be ignorant of what he has, but as legitimate coin collectors and numismatists I don't think we should ever have the attitude of trying to fleece somebody on a coin purchase because its "worth a try".
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NumisRob's Avatar
United Kingdom
17887 Posts
 Posted 04/20/2015  02:58 am  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list Get a Link to this Reply
The same thing happens with English coins - I've seen some people listing common 2 pence pieces dating from 1971-81 because they've read reports that 2p coins with 'NEW PENCE' rather than 'TWO PENCE' are rare (there is a rare mule but it's a 1983 coin only found in mint sets).
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Conder101's Avatar
United States
17884 Posts
 Posted 04/20/2015  05:59 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
Do they have no clue what their coins are worth?

Or they know what it is worth and are trolling for someone who doesn't.


Quote:
Not if you're scrupulous. You could probably sell a common date Indian Head cent or Mercury dime to somebody who's never seen one for ten, fifteen, maybe 20 bucks.

There are probably a lot of people whi have never seen a Kennedy half. And who says they are scrupulous?


Quote:
but would you sleep well at night doing it?

I could, but I don't seen to have much of a conscience. Fortunately I have a strong sense of ethics.
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Cascade's Avatar
United States
7390 Posts
 Posted 04/20/2015  08:45 am  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
I'd bet he's a fan of "Better Call Saul"
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garys64wildcat's Avatar
United States
593 Posts
 Posted 04/20/2015  09:25 am  Show Profile   Bookmark this reply Add garys64wildcat to your friends list Get a Link to this Reply
I just got 3 rolls of mixed Kennedys for face from the bank. I better put them on for $100 plus shipping. Give a deal to someone. But I would feel guilty
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 04/20/2015  09:54 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
There are probably a lot of people whi have never seen a Kennedy half. And who says they are scrupulous?


People post stories here all the time about cashiers who don't recognize the money they're being paid with.
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jbuck's Avatar
United States
187663 Posts
 Posted 04/20/2015  11:15 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I'd bet he's a fan of "Better Call Saul"
Is Kennedy facing the wrong way?
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