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 Replies: 15 / Views: 2,215 |
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Valued Member
Canada
201 Posts |
383138500248I turned down 6 consecutive rolls for $100/roll. IMO it looks like he's shill bidding against himself with a $5.00 start, a bid with (1) feedback at $984 and a bid with (0) feedback at $985 to . bring the bid total up. HMM 
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Pillar of the Community
Canada
3733 Posts |
going to be in for a surprise, when he has to pay fees, on this, when he sells it to himself..
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Valued Member
 Canada
201 Posts |
Yup. Atleast $100 in fees.
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Pillar of the Community
United States
7042 Posts |
So,just to make clear...you guys are NOT bidding on this?  maybe I'll go to $1,000 but nothing higher....  |
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Pillar of the Community
United States
1543 Posts |
The little bit of research I am willing to do say it's because it is numbered as one of the last 20,000 rolls. One sold for $6,600 though If I had to guess why I'd say It was just because the mint sold out. http://www.coinnews.net/2013/03/05/...ed-for-6600/Edit: I've revised my opinion, the one that sold for 6k was literally the last roll of pennies ever. Edited by Gincoin43
09/06/2019 01:52 am
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Pillar of the Community
United States
1543 Posts |
Quote:
Yup. Atleast $100 in fees. Not if the last bid is the 0 feed back burner account and he just doesn't pay. He'll just report it as an unpaid item, receive a credit and put it back up. |
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Valued Member
Canada
201 Posts |
Yeah you're right Gincoin. Realized if hes shill bidding and ends up winning, he obviously wont pay. Something silly going on
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Moderator
 Canada
10458 Posts |
Quote:
Edit: I've revised my opinion, the one that sold for 6k was literally the last roll of pennies ever. No it wasn't. It was part of a random batch of 1,000,000 coin production run (20,000 rolls). It was just a numbered piece of paper used to wrap these...  "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Valued Member
Canada
89 Posts |
This is one of the reasons why I haven't bought any coins in years. People want crazy silly money for their coins...and yet if you had the same item for sale you would not get anything for it.
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Valued Member
Canada
111 Posts |
good luck. I hope it works out for you
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Pillar of the Community
United States
1543 Posts |
Quote:
No it wasn't. It was part of a random batch of 1,000,000 coin production run (20,000 rolls). It was just a numbered piece of paper used to wrap these...
Of course there.is no way to know what order the last 1 mil were minted in, but the one that sold for 6.6k was in the wrapper labeled 20000/20000 and since all of the last million were put into these to sell, I'm going to consider it part of the process. Sold for 750ish something funky must have happened Edited by Gincoin43
09/07/2019 02:42 am
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Pillar of the Community
Canada
1505 Posts |
If I remember correctly, none of the pennies in these rolls could be the last penny. The mint released a video of the striking of the last batch of pennies and there was a giant tub that contained about a million pennies in it. The last batch of coins minted dropped into a small bowl (maybe 50-100 coins) and were kept aside. I assume they went to dignitaries, archives, coin museum etc...
Edited by purelywasted
09/08/2019 12:58 am
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Pillar of the Community
United States
1543 Posts |
That's an interesting tidbit
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Pillar of the Community
United States
789 Posts |
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This is one of the reasons why I haven't bought any coins in years. People want crazy silly money for their coins... So, have you stopped collecting entirely? Or do you collect out of circulating coins? |
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Pillar of the Community
Canada
5324 Posts |
There is a video of the Minster of Finance, with a cup and the press slowed way down catching the last few production pennies and ultimately the last one was given to the BOC where it should be. These rolls were just smart marketing by the RCM, although people still pay around 100 bucks or so |
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Valued Member
Canada
89 Posts |
@joecoin: I still consider myself a collector. I look at many sources like Heritage Auctions and ebay, and if something catches my fancy and I think it is a reasonable price, I'll buy it. I see lots of material I like; I just consider all of it overpriced. Add into the fact that if I were to sell any purchases I would expect not to get anywhere near what I paid. |
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Replies: 15 / Views: 2,215 |
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Posted 09/05/2019 9:43 pm
