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 Replies: 9 / Views: 1,802 |
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Pillar of the Community
United States
1374 Posts |
There's a current ebay auction for a 1928 $2 LTN that shows Heritage Auction photos for pictures of the note. So, I looked the note up on the Heritage site and found that it sold for $228 on Nov 7th. Do you think someone is trying a legit 1 month flip of this note? or could this be a fake photo in the ebay auction? It seems strange that if someone is trying to flip the note that they either didn't put a reserve on it or start the bidding at a higher number. Any thoughts? |
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Bedrock of the Community
United States
10982 Posts |
U.S. based seller with 100% positive feedback and several positive sales in the last few months. No worries other than they should take their own pictures.
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Pillar of the Community
United States
2850 Posts |
This is quite common. I've bought stuff on Heritage before and sold it for quite a bit more on ebay.. all within a month. |
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Pillar of the Community
United States
1285 Posts |
Well, depends if you're really interested or need it for your collection; then go for it.
Current GreenSheet Bid is $250.
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Bedrock of the Community
 United States
12477 Posts |
Everything appears legit to me. Let's see what the profit (if any) will be.  In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pillar of the Community
 United States
1374 Posts |
Quote:
Everything appears legit to me. Let's see what the profit (if any) will be. Yup, this is what got me to wondering about it. Like everyone is indicating the seller looks to be legit, but they don't have an ebay store. So they'll be paying 10% ebay selling fee, 2.9% paypal fee and shipping. It looks to me like the note has to sell for around $270 for the seller to break even from their Heritage auction cost. That seems to me like a pretty rich cost for this note. One just sold on Great Collections this past Sunday for $205 + buyers fee + shipping, figure around $235 all-in, a similar price to the Heritage auction. I guess we'll see what happens. |
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Bedrock of the Community
United States
94367 Posts |
One thing about the Bay, you just never know what will happen.
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Pillar of the Community
United States
1374 Posts |
Quote:
One thing about the Bay, you just never know what will happen. Ain't that the truth  This seller is also trying to flip a 1957B $1 SC PMG 66 with a nice low serial number. Again, they got it from a Heritage auction on Nov 28th for $94. It'll be interesting to see how this flip goes as well. |
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Pillar of the Community
United States
1374 Posts |
Ok, so the auction for the $2 LTN ended with a winning bid of $203.49 and the $1 SC ended with a winning a bid of $66.33, both are significantly less than what the seller paid for the notes.
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Bedrock of the Community
United States
12477 Posts |
I just saw that. Not my buy/sell strategy!  In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Replies: 9 / Views: 1,802 |
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Posted 12/07/2017 10:25 pm
