Am I Missing Something Here? - Coin Community Forum

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Author	Replies: 8 / Views: 1,130
Saruma Pillar of the Community United States 968 Posts	Posted 10/02/2011 6:56 pm I was looking around on ebay and saw a listing for a 1928s SLQ which the seller himself is grading F-VF. With 3hrs to go bidding is up to $90! On top of everything else the image was clearly made from a scanner. Shouldn't this coin be going for under $20? Had it been a 1927S I'd think it was reasonable, but a 1928S? http://www.ebay.com/itm/1928-S-Stan...em19c93fa27b Edited by Saruma 10/02/2011 6:56 pm Report this Post to the Staff

Jaobler Pillar of the Community United States 6384 Posts	Posted 10/02/2011 7:28 pm I agree, this should be a $20 coin at best; I've found examples almost as good recently in a dealer's generic SLQ box for $8. I don't see any special features that would merit the high bid, unless it's a contemporary counterfeit or something weird like that. Who can offer an explanation for the bidding war on this coin? Report this Post to the Staff
SsuperDdave Moderator United States 23522 Posts	Posted 10/02/2011 7:41 pm Quote: Who can offer an explanation for the bidding war on this coin? It's ebay. 'Nuff said? Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 10/02/2011 10:38 pm The CPG lists an inverted mintmark variety with a 2x premium and an RPM with a 5x premium but the provided picture is much to small to make a determination for either one. All of the bids over $10 were by two individuals so maybe the thought they were fighting it out over a 1927-S Report this Post to the Staff
ExoGuy Pillar of the Community United States 4415 Posts	Posted 10/03/2011 09:50 am Perhaps, they thought that this coin was an altered date 1923-S ? Report this Post to the Staff
Gyrene7483 Pillar of the Community United States 1704 Posts	Posted 10/03/2011 1:15 pm Perhaps one or both were shill bidders and were hoping to snag a bid from an unsuspecting collector who didn't do his/her homework as to value. Ed ANA LM-3175 Report this Post to the Staff
mdh157 Pillar of the Community United States 952 Posts	Posted 10/03/2011 6:09 pm well, we can watch his other auctions to see if that trend continues...to see if there is shilling going on. Sure seems fishy to me as well. And I have a 28's in au that i'll sell you for $70, Saruma! Report this Post to the Staff
dave700x Rest in Peace United States 10625 Posts	Posted 10/03/2011 6:14 pm One bidder has a 292 positive feedback and the other has a 531. Either they saw something no one else does or have lost a ton of money over the years. Report this Post to the Staff
Saruma Pillar of the Community United States 968 Posts	Posted 10/03/2011 11:14 pm I think I may save that seller to watch what happens on his other auctions. The shill bidding idea is an interesting one which could explain it. Pretty lousy shills though. You shill bid to get the item at the top of its realistic value, not to so vastly overbid that no one in their right mind would pay it. Edited by Saruma 10/03/2011 11:24 pm Report this Post to the Staff
	Replies: 8 / Views: 1,130

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