Record sale on Ebay? Reserve not met at 3.5mil

Not that I'll ever need it, but anyone have knowledge how armored carrier works for coin transport. I assume that the transport company picks up a sealed package and doesn't inspect the contents. Will they deliver to a residence? If to a bank, do you have to be there to meet them? What's the cost?

I would guess that if the set sells intact, that many of the coins will reappear on the market fairly soon. Chances are the buyer would only want a few of the set. Exception would be an investor who buys the whole set with hopes of appreciation. This may be an evolving effect of registries in that investors can buy certified, publicly recognized sets.

I find it a common misconception among non-collectors that a complete set is worth more than the sum of its parts. Usually the reverse is true. Collectors like the fun of the chase. Additionally, when a complete set comes on the market, high bidders are usually interested in only a few coins in the set. So their final bid represents retail for the coins they want and wholesale for the rest because they'll be selling them soon. However, high-end complete sets may become like famous paintings ... attractive to investors.

I've bought only one complete set ... war nickels before slabbing existed. Still have it.

Cal

 

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Ok, since I'm bored, or weird (take your choice), I added up the PCGS price guide for each of the 52.

Grand total is $4,496,650.00

My guess - Reserve is at $7.5M

Anyone want to guess which was the highest valued, and which was the lowest value?

 

Could be that, similar to sentiments expressed many times on CT, the owner has no "heirs" interested in numismatics. Rather than leave it to someone to merely dump on a "pawn" or "coin" shop, he/she has the wherewithal to get it into the hands of someone who does.

And just for the record, a common "thread" here seems to be that the seller & potential buyer is at the same level of "collecting" as us, & there is nothing further from the truth. Someone willing (read: with the ability so spend this kind of disposable income) to acquire this collection is most likely to keep it intact & count it as "another skin on the wall". The buyer will be in a different stratosphere, even above panzerman, who I greatly admire for his prowess in acquiring great specimens - I love seeing his stuff!

So while we like to conjecture various scenarios (especially as relates to ebay), this is really out of our league (unless one of you buys it, then I retract everything I've stated).

 

Only 156 people watching the listing? Thought it would be more, well I added myself to that number, my interest in seeing what it goes for has peaked.

 

(Enter $3,500,200.00 or more), then call your man:

 

It's 'piqued'

 

If I ever came across a 1933 Double Eagle I would tell nobody

 

I think I would tell. By keeping it a secret, there's no fun in it. You can't sell it (black market aside), but if you tell, you'll get your 15 minutes of fame, and it would be a whole lot more interesting.

 

Can't pay by other means. $5K deposit through PP, the balance via wire transfer.

 

I was thinking at 100K per, that would make the reserve 5.2M. I don't think he's
going to get 7.5 on EBay (if that's close the reserve) and he's probably just getting free publicity for a future high ticket auction.
We don't know what he paid for the set, grading, etc. Probably half the reserve. (60% whatever).

 

I wonder if the seller is a member here on CT.

 

Well, I just found out eBay won't let me make a $4,400,200.00 bid.

That's it. I'm deleting my ebay account. Rat-bastards! (Mods edit if that is not allowed)

 

Oh, surely you'd send it to the mint for authentication. Right?
Cal

 

It would be hard to make a bid, since the credit on your credit card, or the amount of money in your Pay Pal account would have to be enough to cover the bid.
(Assuming that's how they throw out unqualified bids.) If anyone knows, please post.
Meanwhile the bid has gone up: $4,400,100.00

 

Imagine that moment you enter a bid and the reserve is finally met.

 

My ipad won't let me open ebay links. Wanna know how else i can see what your talking about. What kind of coins. I can open my own ebay page and search. Any help. I just happen to have acouple million in cents I'm looking to dump.

 

From your ebay page search all us coins highest price at the top and it's the $20 Saint Gaudens PCGS set right above the 1958-D Lincoln that's a $2,500,000.00 or B.O.

 

Dang, this is more than Redwin's 11 cent piece...

 

Reserve not met but the bid is up:
US $4,647,100.00