Another toned Kennedy on eBay...

I'll give you a scenario.

I see a coin I like and the most I will pay $50.
Someone has bid $40 on it.
If I bid my max of $50, the current bid get's pushed to $41.
The person who bid the $40, now will lament over raising his bid. Giving him time to decide if he wants it that bad.
If I would have waited till the last seconds, he wouldn't have the opportunity to raise his bid.

 

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I might.
But not really, I collect raw coins.

On a side note, I don't use sniping at all. If I really want the item, I will watch it live and place my bid in the last seconds. That way I am not stuck to the max amount I put in a snipe bid.

 

Gee,maybe I should snipe you, Greg. lol

 

Please do! Maybe then I will stop overpaying! lol

Really though, stay away from my nickels, and I'll leave your Morgans alone. :devil:

 

I am not interested in the coin posted, even though I find it very attractive. I am a closet Kennedy guy.

 

Bid away bro, no hard feelings! I'm looking for coins for the Dansco album so if I were to get that one, it would have to come out of the slab anyway.

 

Fair enough. I won't force you to overpay. Though that 64 is a very nice coin--the reverse has really beautiful rainbows.

 

Hmmm.

This $17 coin has been bid up to $69 + $4 shipping with a little over 6 hours to go?

As a side note to the OP, one thing which should never ever be done: Start a thread on an active auction listing.
Doing so just runs the bidding up and could be interpreted as spam as the more folks that post "positively" about the coin, the more assured the bidders get in wanting it.

For me, the ONLY thing the coin has going for it is the toning as it's sporting some fairly obvious and grade limiting hits. It's also in an NGC slab.

As the thread starts out, that toning has been questioned but since the seller is a well known fellow, the confidence level is high and as such, the bidding is getting "spirited". As for the toning itself, it only means that the coin has been stuck away in something which will allow the coin to tone. Maybe an album, maybe a manila 2x2. Other than that, its just another common Kennedy Half with an average to below average grade.

Question: Whomever ends up with this coin, will they be able to resell it, if the need arises, for anywhere near what its currently bid up to?

Question: Is the current bid the result of the coin being posted here?

 

My apologies. I see your point, and I won't post threads on active auctions again. If the mods want to delete this thread, please do so.

 

I would normally agree with you on your comments about posting an active auction thread...for any seller but Krypto.
He has such a huge following that it probably doesn't add to the final price.

Can the buyer resell it for the same price? Yes, if he consigns it to Krypto.

 

Which then immediately costs the seller in consignment fees. Right?

 

No need to apologize as no apology was expected and the mods won't delete the thread since it doesn't violate any rules.

However, learn that if you are really interested in a coin on eBay, first determine if the seller has a return policy THEN ask about it "after" it has been shipped or you've received it.

It is NOT beyond the moralistic boundaries of some to offer ridiculous sums over and above the final hammer price to sellers if they have not shipped the item out yet.

I recall one fellow over on the PCGS forums who did a $300 BIN on what he thought was a nice Eisenhower Error coin. Right after he paid, he made the mistake of posting the listing on the forum and asking opinions on whether or not it was a legitimate error. It was without a doubt a legitimate error which in reality was worth $10,000 or more dollars and since he only paid $300, some less than reputable yokels immediately contacted the seller and offered way much more than $300 for the coin. The seller was considering taking the offers which really upset the original poster. After enough communication and talk of attorney's and such with the seller, the original buyer was able to get his "treasure"!

I found the entire episode to be a huge learning experience in that not only do you have to deal with active members of a forum but you also have absolutely no idea how many folks are simply "lurking" in the background to pick up information.

Now if folks want to entrust their lack of experience or knowledge in a single seller simply because folks on a forum really like his wares, thats fine by me but I've learned over the years that a sellers reputation is only as good as the next sale AND most importantly, if "numismatic" premiums are paid for a coin then the coin should have "earned" those premiums. Otherwise, the premiums aren't necessarily numismatic in nature as much as they are "the popular thing to do" in nature. Unfortunately, the popular thing to do changes over time and folks end up holding the bag.

 

Thanks Lyds - very astute advice. Thank you for taking the time to share it. This auction/forum business is obviously far more subtle than the collecting I used to do back in the day: walk into an LCS and buy something that catches your eye.

 

Hmmm, pretty negative. If you don't like the coin, why bid, or even talk about it. I think it is a lovely coin in terms of toning, and certainly NOT a $17 coin based on the color. Shane's auctions get a lot of play no matter what, so discussing it isn't going to do anything one way or another.

 

I am not sure how you think that posting a link to a live auction listing is spam. I do it from time to time and certainly don't consider it spam. In fact, I did it last week with one of this seller's listings. Read the attached thread: http://www.cointalk.com/t218978/. Unless the person is posting multiple links to the same seller's auctions, that spam accusation has no merit. Heck, Mark Feld just posted a link to a rainbow toned Bust Half listed in the Heritage FUN sale over on the NGC forum. Perhaps THE most beautifully toned Capped Bust Half I have ever seen.... Is that spam as well?

Furthermore, what is the crack about the NGC slab? The coin is what it is. The grade and slab are irrelevant and most of this coin's value is derived from it's color. Too much kool-aid last night or what?

As for your questions, who cares if the buyer can't recoup $50. Talking about being buried in a coin worth less than $100 is ridiculous. Furthermore, you know that Shane has a loyal following. While the attention from this thread may have added a few bidders to the pool, don't act like the thing was going to sell for $17 without this thread. That is also ridiculous.

 

I agree. I'm too lazy to type it out. He is one of the good guys for sure.

 

Here is another one of his auctions where the price of the coin has long-surpassed the price that it books for but if you take one look at the coin you can see why. It's one of a kind and any collector would be proud to display this one. Unfortunately I can't drop that much on one coin yet but damn...that is one hot coin.

http://www.ebay.com/itm/1950-S-Wash...65?pt=Coins_US_Individual&hash=item4d07ddff7d

 

Well, somebody squeezed me out at the last second on that Kennedy, lol. Que sera, sera. Must have been one of those sniping programs...

I lost my auction for a 1964 PCGS PR68CAM too, by a few bucks.

I did however console myself with this toner.

http://www.ebay.com/itm/1964-D-MS-62-KENNEDY-90-SILVER-HALF-LOOK-CAN-YOU-SAY-B-U-T-FULL-TONING-/221167617960?_trksid=p2047675.l2557&ssPageName=STRK:MEWNX:IT&nma=true&si=rNnUTDtMXC3YgvV8%2BlWmIkV6LFg%3D&orig_cvip=true&rt=nc

Now. Before you guys laugh and point. I know it's in an ANACS slab, and I know it's graded low, and I know the obverse isn't the kind of coin you'd bring home to meet your mother.

However, the reverse is crazy psychedelic, and I just HAD to have it.






Seller does have a return policy, so if I hate it, or you guys tell me I've made a colossal mistake, at least I can recoup.

 

Congratulations! You just "made your bones" by purchasing a coin which needs to be "justified".

Sorry, but I think your opinion of the coin has been tainted with some type of need to own a toned coin for no other reason than just to say that you "own one". This MS62 ANACS is simply not worth what you paid.

The toning crowd must agree since its been more than 6 hours since you posted.

 

Not so much negative as much as "opinionated" based upon experience.