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1800 Bust Dollar.....what Am I Missing Here?

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Pillar of the Community

861 Posts
 Posted 06/22/2015  11:45 pm Show Profile   Bookmark this topic Add g048406 to your friends list Get a Link to this Message Number of Subscribers
Now, I wasn't going to bid on this coin, but, I would have alued it in the $300 range.........
http://www.ebay.com/itm/1800-Draped...em1a01eef1c2

$13,250......what am I missing?
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Kefiroth's Avatar
United States
1431 Posts
 Posted 06/23/2015  12:18 am  Show Profile   Bookmark this reply Add Kefiroth to your friends list Get a Link to this Reply

Quote:
$13,250......what am I missing?


The fact that almost every bid is coming from one of four <5 feedback users with 100% bid activity on that seller
Bedrock of the Community
BH1964's Avatar
United States
10982 Posts
 Posted 06/23/2015  12:31 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
The fact that almost every bid is coming from one of four <5 feedback users with 100% bid activity on that seller


Yes indeed. An astute buyer has little difficulty or problem with ebay shills. I see many and simply move along.
ANA #R3154474
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Elimist's Avatar
United States
632 Posts
 Posted 06/23/2015  12:47 am  Show Profile   Bookmark this reply Add Elimist to your friends list Get a Link to this Reply
I guess I'm confused what happened here? Fake accounts used to drive the price up? Why drive it so high though?
Pillar of the Community
United States
5207 Posts
 Posted 06/23/2015  12:49 am  Show Profile   Bookmark this reply Add jack jeckel to your friends list Get a Link to this Reply
There is so much wrong with that one.

IF the coin is genuine I would say worth way more than the $300 quoted above.

Looks like a generic Coin World slab but the seller was to cheap to spend 35¢ for the official insert / holder so they made their own. And then they Scotch taped a "fancy" label to the outside of the holder.

I am not an expert on the series but the coin if genuine seems to be VF and the B and E in Liberty appear to be a doubled die or repunched.
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edweather's Avatar
United States
7375 Posts
 Posted 06/23/2015  01:16 am  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
Without knowing anything about the coin, there are two major problems: Horrible holder, and shill bidders. Two wrongs don't make a right, they make a huge wrong.

Pillar of the Community
861 Posts
 Posted 06/23/2015  02:43 am  Show Profile   Bookmark this reply Add g048406 to your friends list Get a Link to this Reply
The coin has Fine details, damage on the obverse and both the obverse and reverse rims have been heavily rim filed. If the bidders are shills, they make no sense as there is no way anyone would ever pay $13,250 for this coin. All his other listings seem to be at reasonable prices.
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edweather's Avatar
United States
7375 Posts
 Posted 06/23/2015  03:12 am  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
Two out of three of the recent bidders have 100% of their bid activity with this seller. They are the shills imo. The fish they almost have hooked is the bidder d***c. All speculation of course, it just looks that way to me.
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kanga's Avatar
United States
5825 Posts
 Posted 06/23/2015  07:47 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
Wait for the canceled bids start chopping at the price.
I assume the seller (shill) is smart enough to know he doesn't want to be the high bidder.
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Cascade's Avatar
United States
7390 Posts
 Posted 06/23/2015  08:22 am  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
Removed!?
Bedrock of the Community
BH1964's Avatar
United States
10982 Posts
 Posted 06/23/2015  10:25 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
If the bidders are shills, they make no sense as there is no way anyone would ever pay $13,250 for this coin.


Actually being shills makes perfect sense. Shilling is how and why it was bid to the high level.


Quote:
Wait for the canceled bids start chopping at the price. I assume the seller (shill) is smart enough to know he doesn't want to be the high bidder.


That's not what happens since winning shill bids occur regularly. Of course that is not the plan and leads to re-listed "sold" items.
ANA #R3154474
Edited by BH1964
06/23/2015 10:26 am
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 06/23/2015  12:30 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Somebody got wind of it, because it never reached a conclusion.
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