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 Replies: 19 / Views: 3,235 |
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Pillar of the Community
United States
2602 Posts |
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Pillar of the Community
United States
671 Posts |
 There is no way I could even begin to guess on the final price... Edited by Sir Ferrari
12/15/2008 2:33 pm
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Pillar of the Community
United States
2335 Posts |
I don't have any idea what the final price will be except to say I think it will be way more than the coins are worth. If I were a coin dealer & I was interested in a bulk group like this I would consider a few things. Every coin shop I have been in has a bin of Indian Head cents you can go through & pick through for $1 to $1.50 each. To me that means the dealer is probably paying less than half that. The coins are being sold sight unseen, so I couldn't justify paying any more than 50-75 cents per coin. I would be looking for a quantity discount on top of that. Based on that the starting price is too high. Because it's ebay I won't be surprised to see the lot go for more than $1/coin. Edited by trdhrdr007
12/15/2008 3:59 pm
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Bedrock of the Community
United States
12437 Posts |
Sooo, $8000 will currently get you a cigar box full of mostly culls and then a bunch of opaque coin tubes filled with who-knows-what? I think not... If I was trying to sell something for multiple $1000s I would certainly not cheap out on proper pictures  At the very least, the tops of the tubes should be removed but even having them in the tubes hidden like that is ridiculous. I would not assume that this is anything more than a dealer's Overstock of low grade/cull IHCs that could not sell in 2x2s or in small lots in his shop so he dumped them all on ebay. As pictured, it would be difficult to justify anything over 75 cents/coin. Edited by biokemist6
12/15/2008 4:19 pm
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Pillar of the Community
United States
588 Posts |
the guy says it's worth over 30,000$
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Pillar of the Community
United States
1424 Posts |
Why is he allowed to say this? Quote:
Grey sheet value is way over $30,000 Oh right, I forgot....he's a POWERSELLER and can do whatever he wants.  |
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Pillar of the Community
Spain
1361 Posts |
I can not imagine how to sell all those coins. That would be a life time.
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Pillar of the Community
United States
5318 Posts |
Quote:
"Many early and better dates including 273 Flying Eagles and 639 pre-1876"  In other words, 92% are not in that date spread (which includes commoner '59-63). $8100 current bid--and reserve isn't yet met? Better uses for that money, imo. It's always fun to look at their pics. Notice how an inordinate amount of reverses show? And, every date visible is 1900 or later (and lower grades).  |
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Pillar of the Community
 United States
2602 Posts |
I emailed him and he said reserve=$23K! And he says he paid $20K for it ($1.74 ea). He said, remember there are 912 pre-1876 pieces that greysheet for $10-40 each. He told me less than 10% were culls. Since he seems to pay so well for Indian cents, I offered to sell him my collection for $1.50 each, but he didn't respond. I told him no coin dealer anywhere is paying more than 75 cents apiece (unless there are some on this forum...) for a bulk lot. My sense is that he uses this big auction to draw attention to his smaller auctions. I don't think he has any intention of selling this lot and I doubt any IHC collector will pony up his reserve. Or he may be looking for a buyer with money to burn who isn't that knowledgeable? Edited by mycrob
12/17/2008 11:09 am
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Valued Member
United States
245 Posts |
Mycrop,
That would be a very astute observation. This appears to be a cleaver commercial message.
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Pillar of the Community
United States
1359 Posts |
If someone wants to buy it before your bid is heard it would be a shame because I will end it and sell it without even knowing about you. He cant say that tho. Its pretty much saying if someone offers him a great price then he will close the auction ( ebay wont get their fees then!) and sell it without ebay knowing of it. Thats against the rules. I had auctions closed for that same reason!..lol..I should know.! |
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Pillar of the Community
United States
5318 Posts |
Quote:
I emailed him and he said reserve=$23K! And he says he paid $20K for it ($1.74 ea). Honestly, these look like the sort of IHCs that rattle around in dealer's scratch-trays for years without turnover. There's a reason for that-- little collector value. For those others of "better dates", the seller expects a buyer to put up $23K on the hopes of something good, without any indication of grade? Sigh. Just a caveat for other collectors--buying good IHCs is hard, even when you can see the coins in person. It's a series frequently overgraded/overpriced; even culls are put in 2x2s. And culls have marginal value, excepting a couple dates. The only way to buy is at shows, where you can compare different dealer inventories. |
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Pillar of the Community
United States
1984 Posts |
I can't find the listing...I did complain and ask if the rules about price guides only apply to non-powersellers, maybe others did as well?
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Valued Member
Canada
464 Posts |
It looks like the listing was taken down. He should have listed them as "magic" pennies... He might have had more luck.
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Pillar of the Community
United States
1359 Posts |
Maybe he sold them and ended the item without ebay or ebay took them down because of how he listed it! |
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Pillar of the Community
United States
2602 Posts |
No, the bidding ended at 15,115.15 and then within an hour, ebay took the listing down. If the seller took it down himself to sell outside of ebay, you would still be able to find the listing and it would say "seller ended listing early". |
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Replies: 19 / Views: 3,235 |
Posted 12/15/2008 3:57 pm
