POS was a dollar lower at the time this auction closed. Looks like it went for exactly spot, within 1%, not bothering to do the math for the bit of 40% or the extra in the Morgans and Peace dollars. Not a bad deal, but I wouldn't gamble that much on a silver buy at the moment, especially since I don't have a good way to sell that much silver for near spot.
Not a bad purchase in my opinion. If the coins in those rolls are what they say they are, it's exactly what it's worth.
I can think of better things to do with my time than surfing around looking at auctions I couldn't possibly afford. BTW seller would have been better off doffing his stuff on a coin shop - what with fleaBay and payPoo fees eating their usurious charges.
I wish I wasn't poor and actually had the money to buy this. Just think about how fun of a project this would be! Sorting, album filling, key date searching. Plus, I have many sources that I can sell to so if I'm short on cash, I could easily sell it for scrap. Although not sure eBay would be my first (or second or even third) stop for selling such a large amount... After fees the seller walked away with ~$36,600, not even including his out of pocket shipping cost (what a payday for eBay though! Not like they need it or anything...)
High Fun-Factor When I was a kid we filled our cent, nickel, dime, & quarter albums by searching & sorting. I never did the half dollars because even the face value was a little much for a kid's allowance. About 20 years ago an elderly fellow let me search through all his half dollars & keep what I wanted for 3x face (that was the fair price at the time). He had 10,000+ face in half dollars. I filled my Walking Liberty book & Franklin book. You certainly learn quickly which dates are plentiful & which ones are tough. The fun-factor was really high. :smile
Thats pretty much how I do it, CRH to fill my albums. Maybe when I bring in a little more capital I can start buying rolls of mercs or something and sort them. Always a fun hobby coins are. And nice score on that guy's halves! Just look at that jump in price (almost 1000%!)
Wow, that's quite a hoard. Not a bad price at all, you can't beat paying melt, especially on something that large, on any given day. I aspire to one day be able to sell something like that....
It depends. If most of that stuff came out of circulation at a time when silver was circulating, then he made an ENORMOUS profit over face value.
Like surfing around here looking at pictures and descriptions of coins we couldn't possibly afford? First, I don't think PayPal is the usual mode of payment for transactions this large, although I'm sure they'd be happy to participate. Second, according to the fee calculator I use, his combined eBay and PayPal fees would've been 3.5%, assuming no discounts. If you know of a coin shop that routinely buys from the public 3.5% back of actual value, I'm sure we could send LOTS of business their way. If payment was arranged outside PayPal, the seller's total eBay fees would've amounted to $250.00, or 0.6%. If you're concerned about eBay's fees, going large is one way to minimize them, since they're apparently capped at $250.
