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 Replies: 31 / Views: 5,213 |
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Valued Member
Canada
250 Posts |
How could a 1920 Canadian penny sell for over $500,000?
It is supposedly the only one on the planet, and it is
supposedly the only one that is magnetic. Is this for real?
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Pillar of the Community
Canada
1248 Posts |
Hello, this has been up on ebay before and here on the forum....just forgot where. |
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Valued Member
 Canada
250 Posts |
But this listing ended on May 9th, and the coin did sell for $511,449.83 That's more than the 1936 with dot sold for. Is this a fake listing? Duh......  |
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Pillar of the Community
Canada
636 Posts |
Windy, can you send me the link?
This I gotta see.
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Pillar of the Community
Canada
1248 Posts |
would love to see a link to it. Maybe the Mod will allow an exception for you to post as it is in everyone's interest?
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Valued Member
Canada
250 Posts |
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Pillar of the Community
Canada
1248 Posts |
searched on ebay worldwide and can NOT find this listing ? |
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Pillar of the Community
Canada
1248 Posts |
expired listing....
amazing what Krazy-Glue can do///.....
either that OR some ferrous metal remnant on the cent...
OR some smart forgeer drilled a mini hole in to a cent and filled it with ferrous metal. then put a copper cork in to the hole. Have NO idea...
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Pillar of the Community
Canada
686 Posts |
I heard on wikipedia that this coin was held by Babe Ruth on the day he was sold to the Yankees, and it's magnetic fields actually hold the secret to the Curse of the Bambino. The seller of this coin discovered how the coin was in fact magnetic in July of 2004, and later that year, the curse was broken when the Red Sox won the World Series for the first time in 86 years.
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Pillar of the Community
Canada
838 Posts |
Quote:
... actually hold the secret to the Curse of the Bambino  |
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Pillar of the Community
Canada
1733 Posts |
He could have sold it to himself and simply gotten a final value refund or filed a non paying bidder etc...
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Pillar of the Community
Canada
686 Posts |
Maybe this is another instance of money laundering.
Someone posted a month or two ago a Canadian dime being sold in Australia for $1000, which sold, and was worth no more than face.
I think $500,000 is a large amount to launder via a coin sale however. Even if it is a "super rare" coin, this would set off flags, in my opinion.
I am guessing it is what ugly said, or someone bid with no intention of paying.
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Valued Member
Canada
426 Posts |
When someone bids without paying, isn't the seller obligated to pay a hefty fee for the listing of anything that sells for an exorbitant price? Something like that was discussed in the last thread about this coin....
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Pillar of the Community
Canada
1733 Posts |
He likley just filed anon paying bidder notice against the ghost bidder. That results in cancellation of ebay final valuation fees. |
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Valued Member
United States
85 Posts |
Is everyone SURE it was in US Dollars ? I got excited when I saw a 1945 L Half Rupee for 2000, but it was in Rupees. About $45. Mine won't get me rich. LOL
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Pillar of the Community
Canada
636 Posts |
Would you believe he's got it listed again? I sent him the below ebay email to help him understand my position. http://cgi.ebay.com/ws/eBayISAPI.dl...=p2759.l1259You know what? The fact nobody bid on this coin the last time you listed it, combined with the fact that you have a no return policy is proof enough you and your coin are a complete fraud. Why not get it graded, or transition it to some major coin auctions and let them determine the true value of it? Are you scared it will come back ungraded because of the dab of crazy glue thats stuck to it? Its schmucks like you that give dealers a bad name. |
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Replies: 31 / Views: 5,213 |
Posted 05/12/2010 10:25 am
