Hello everyone, This morning I went metal detecting. I will post my finds tomorrow morning, Father's Day. At the moment I'm doing security detail for the women's group activity they have the second Saturday of each month. I enjoy it because I get to eat the leftover food they always bring to eat. I'm looking at eBay at some "Error" listings and found these three that are just so ridiculous! #1 $1,000,000.00 for a Die Crack One of a kind ********************************************************* #2 A pair of damaged dimes "Huge errors".. NOT! *********************************************************** #3 This one was not attributed as a mint error by NGC. Read the description. It looks like they took a generic slab and inserted the label and the Cent that NGC sends back to the sender in a flip. But the seller states that it's an error
Why not ask a million? Then if you take a best offer of only, say, $100,000, the mark feels he has really made a bargain.
True enough, but I was considering the question from the point of view of the lowlife who was trying to sell it, why he/she would ask so much.
I see these listings every day. The majority are from individuals who are not coin collectors yet find them unintentionally and assume they are valuable based on two factors. First, legitimate rare coins make headlines which even catch the general public's attention. Second, the seller has never seen one or equates damage with an error. Being uneducated they then list them according to what they've heard, read about or seen. If you read and break down how it's listed this is obviously why. Still, a smaller amount are fraudulant fishing expeditions.