When $10 Is Not Worth $10: Buying Coins Below Face?

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Author	Replies: 10 / Views: 1,411
Harmonica Pillar of the Community Canada 1118 Posts	Posted 07/07/2015 2:24 pm These coins do not ship to Canada sadly.... http://www.ebay.ca/itm/10-Coin-Ike-...em2a53acad70 10 Ike dollars at USD6.60, what gives? Has anyone here ever bought a coin at a yard sale/eBay for less then face? EG. paying a quarter for a half dollar? Post Script: People going around buying coins for below face seems like a show we will be seeing next Autumn on the History Channel. Edited by Harmonica 07/07/2015 2:31 pm Report this Post to the Staff

jdiablo30 Pillar of the Community United States 946 Posts	Posted 07/07/2015 2:31 pm Its a auction with bids..not a buy it now. Report this Post to the Staff
Harmonica Pillar of the Community Canada 1118 Posts	Posted 07/07/2015 2:32 pm Yes I know that but it is possible the highest bidder might walk away with a net gain if no one else bids. WHy would anyone start an auction below face. Report this Post to the Staff
jbuck Moderator United States 188213 Posts	Posted 07/07/2015 2:42 pm Three days left on that auction. Someone will buy it at face or more. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Harmonica Pillar of the Community Canada 1118 Posts	Posted 07/07/2015 2:49 pm Oh yes I am sure of that I still find it weird though that someone would list it below face. Side note, jbuck. I was down in Houlton, Maine the other day exchanging some rolled up U.S.A. cents and nickels at a bank for roils of half dollars to CRH. I had enough changes to get 2 rolls of half dollars and a $1 bill. I said I'll take my 2 rolls and a dollar coin (forgetting how rarely people use them in America). I quickly said, oh wait, you guys don't use dollar coins do you. The tiller said yes, sometimes, and pulled out an Ike dollar. Not thinking (and not being overly familiar with American coins) I said, oh right, the jbuck, er, I mean Eisenhower dollar. True story. Report this Post to the Staff
jbuck Moderator United States 188213 Posts	Posted 07/07/2015 2:58 pm Quote: Oh yes I am sure of that I still find it weird though that someone would list it below face. It was started at $0.99. That is the best way to list. No different than starting a $100 coin there. Quote: Not thinking (and not being overly familiar with American coins) I said, oh right, the jbuck, er, I mean Eisenhower dollar. Nice! I am in your head messing with your neurons. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
moxking Rest in Peace United States 17900 Posts	Posted 07/07/2015 3:07 pm Starting the bid at .99 cents always gets a lot more people interested and thinking that they MIGHT buy something below real value - or in this case face value. Report this Post to the Staff
jbuck Moderator United States 188213 Posts	Posted 07/07/2015 3:16 pm Correct. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Tbone Pillar of the Community United States 1839 Posts	Posted 07/07/2015 10:37 pm Looks like this seller does this auction on a regular basis. Here have been the results http://www.ebay.ca/sch/Coins-US-/25...045573.m1684 As you can see they always end up selling above face value (except for one time that I can see). Then they charge $4.99 to ship them and I'm fairly certain their cost to ship is less than that. Is it a risk? Sure. But a very, very low risk at that. Edited by Tbone 07/07/2015 10:42 pm Report this Post to the Staff
jbuck Moderator United States 188213 Posts	Posted 07/08/2015 10:00 am As I suspected. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 07/08/2015 2:08 pm It will end up with some idiot paying lots and lots for those. However, strange things do happen. A friend of mine bid $5 on a Gold $5 USA coin and won. And there was no postage, handling, etc charges either. Report this Post to the Staff
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