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Is Anyone Else Following This Saint Gaudins Auction On Ebay?

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Vermillion Flycatche's Avatar
United States
97 Posts
 Posted 04/06/2018  12:06 am Show Profile   Bookmark this topic Add Vermillion Flycatche to your friends list Get a Link to this Message Number of Subscribers
Ran across this tonight on ebay. $5.1 million, reserve not met, and under 72 hours to go. What a beautiful set!



Not my set by the way... I don't even own a gold coin!
Is-Anyone-Else-Following-This-Saint-Gaudins-Auction-On-Ebay?
Edited by Vermillion Flycatche
04/06/2018 12:09 am
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spru's Avatar
United States
12477 Posts
 Posted 04/06/2018  01:06 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply
Why is that on ebay?

I'm watching it now just in case I can sneak a bid in during the last few seconds!
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United States
1554 Posts
 Posted 04/06/2018  02:01 am  Show Profile   Bookmark this reply Add Kushanshah to your friends list Get a Link to this Reply
16 unique bidders so far. Free shipping really reels 'em in!
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spru's Avatar
United States
12477 Posts
 Posted 04/06/2018  02:02 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply
No returns, though?
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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sel_69l's Avatar
Australia
21786 Posts
 Posted 04/06/2018  04:37 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I am getting the vibes that:
A.) All they are trying to do is get an idea of the true market value of such a set, or
B.) Using ebay for advertising purposes.

Probably as a bonus, if in fact that a generous enough offer is made, they just may be tempted to accept it.
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JFH's Avatar
United States
115 Posts
 Posted 04/06/2018  07:42 am  Show Profile   Bookmark this reply Add JFH to your friends list Get a Link to this Reply
Missing the 1927-D.

JFH
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Coinfrog's Avatar
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94367 Posts
 Posted 04/06/2018  09:41 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Still!
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moxking's Avatar
United States
17900 Posts
 Posted 04/06/2018  09:46 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
That would be a hard set to build and a harder set to give up.
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Andrew99's Avatar
United States
1533 Posts
 Posted 04/06/2018  10:38 am  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
ebay fees top out at $400. I think there is no ceiling on Paypal fees though. ebay is actually a pretty good place to sell high value coins.
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SilverDollar2017's Avatar
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8715 Posts
 Posted 04/06/2018  10:41 am  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
Should be for sale at Stack's Bowers/Heritage/Legend/Great Collections. Not ebay.
Even if I had that much money, I would never purchase something with that high value on ebay.
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nss-52's Avatar
United States
54282 Posts
 Posted 04/06/2018  11:22 am  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
reserve not met! reserve is not disclosed.
Description says appraised at $7.5 million.

ebay fees are capped, so will be much cheaper to sell
no buyer's premium, so will be theoretically cheaper to buy


Payment terms:
Paypal 5,000 deposit, then seller requires a wired payment of the balance.
Edited by nss-52
04/06/2018 11:29 am
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basebal21's Avatar
13014 Posts
 Posted 04/06/2018  3:57 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
. Even if I had that much money, I would never purchase something with that high value on ebay.


Why not, that's just silly not to just because of some stigma. They're easily traceable and from a real seller.

If the market was there you'd see ebay flooded with listings like this since the fees are capped
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Darth Morgan's Avatar
United States
2815 Posts
 Posted 04/06/2018  4:01 pm  Show Profile   Bookmark this reply Add Darth Morgan to your friends list Get a Link to this Reply

Quote:
eBay fees are capped, so will be much cheaper to sell
no buyer's premium, so will be theoretically cheaper to buy

Yeah, this definitely benefits both parties.
Edited by Darth Morgan
04/06/2018 4:05 pm
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sel_69l's Avatar
Australia
21786 Posts
 Posted 04/06/2018  6:15 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
ebay fees cheaper than Heritage auction fees.

Much more important:- You have to know the reputation of the seller.
If someone had the money to buy and was interested, and the reputation of the seller not known, the next obvious step
would be to fully investigate the seller's reputation.
That is one of the reasons why Heritage fees are high.

At this price level, I would also verify the slabs. The TPGrader should be able to confirm.
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XavierOfGreen's Avatar
United States
2589 Posts
 Posted 04/06/2018  6:20 pm  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list Get a Link to this Reply
Think of all the additional traffic that's being driven to his other auctions merely because of this one listing
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Conder101's Avatar
United States
17884 Posts
 Posted 04/07/2018  09:40 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
Payment terms:
Paypal 5,000 deposit, then seller requires a wired payment of the balance.


Hmmm, I see an interesting scam possibility. Accept the offer, get the $5000 PayPal deposit, then get the wired balance, and don't ship anything. PayPal has the buyers back, for $5000. The buyers on the hook for the rest of it. Of course if the seller gets caught its wire fraud.
Edited by Conder101
04/07/2018 09:40 am
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