Someone got a steal on this chain cent

Cheapest price i've ever seen on one.

https://www.ebay.com/itm/1793-Chain-Reverse-lg-cent-coin-/402308048552?hash=item5dab6da6a8%3Ag%3AhfYAAOSwcble9huX&nma=true&si=LWuyuL94BwhajVMbi%252FpTDLBqo4E%253D&orig_cvip=true&nordt=true&rt=nc&_trksid=p2047675.l2557

 

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"This listing was ended by the seller because the item was sold."

It was also only active for <4 hours. Seller has a feedback of 8, not really someone i would buy an expensive item from.

 

Yup, that's what the OP said. If you want to look closer at the coin, just go ahead and click on the picture on e-bay and it'll take you to the listing.

 

I can see the full listing, but the reason I copied that was because the seller didn't let the auction run, so the $500 price is probably not what it sold for. I was pointing out that it was ended prematurely (<4hrs), so we really have no idea if it sold, or for how much.

Ie, this thread really isn't useful, and I certainly wouldn't use that listing as an example of 'sold' chain cents.

 

I thought Ended and Winning Bid kind of cinched it.

 

All that means is that the seller ended it early, without cancelling the bid. It does not mean he actually sold it to that bidder, and for that price. Remember, you're dealing with what appears to be an inexperienced seller. There are endless possible reasons for the early ending; 1) that bidder (or someone else) contacted the seller and offered him $x for it, and he agreed to end the listing to sell it at that price, possibly leaving the opening bid active, so ebay will only charge fees based on that, 2) he decided not to sell it and forgot to cancel active bid 3) wanted to start at a higher opening, and forgot to cancel active bids, and the list goes on.

Point is, this was not a full auction. See the start time and end time here:

 

I suspect eBay doesn't like that sort of ending.
And I suspect the seller got a higher offer than the starting price.

eBay will look at that as a loss of their cut of the deal.

 

For those who hate links.

 

eBay used to charge you the full 10% fee if you ended a listing early. About 2017 or so I ended a $400 clarinet listing early, because I had sold it on Craiglist instead.

My monthly invoice showed a charge for $40, despite me never actually selling it through eBay.

I called and complained, and got my money back, with a warning of "don't do it again."

Within at least the last full year, this rule seems to no longer apply. I regularly end items early for a variety of reasons, and never get charged the 10% fee.

 

I have no idea how valuable these really are, but the pictured example is quite the roach.

I would not buy this, mainly because I can barely even tell what it is.

 

Thanks for posting the coin as I don't do links. I don't care if that is a Chain Cent and I know what they go for but the price was insane as far as I'm concerned considering the coin is so beatup, abused and damaged. I'd rather not have one than to have that one.

 

It's so damaged and harshly cleaned, I can't tell if it is real or not.
I guess you would have to send it in and hope it comes back Details/ Genuine. I'm not a buyer at any price.

 

My understanding was that if you didn't cancel all existing bids before ending the auction early, eBay would consider the item sold to the current high bidder at the time the auction ended.

 

Likely Poor details kinda wonder if it might even get body bagged since it may not be possible to ID the variety. Not sure it’s worth it even at $500

 

My personal motto in coin collecting is that if I can’t afford the coin in problem free G4 or better, then I can’t afford the coin.

 

Looks like a lot of folks think the coin is ugly. I do to. But I get it, that the chain cent, any chain cent, has a story to tell. The founding fathers, the fledgling mint, etc., etc. This coin touches that stuff. More history here than a good looking Morgan dollar has.

 

There was a debate over this coin on a Facebook group. Many folks thought it to be fake. @Jack D. Young @TypeCoin971793

 

As far as I know that only applied to items that had bids on them. As long as there were no bids you could cancel at will without charges

Aside from the aesthetics my issue with coins like that is the more wretched and beat up like that they are the easier it is for them to be fakes as you can just damage anything that is a give away

 

I was watching this coin and I was going to see if it stayed at the $500 level. It’s a $1000 coin easily.

I talked with the buyer. He said he put in a bid, and the seller quickly ended the auction and designated his as the winner. There was no explanation as to why.

 

They had no evidence. They were just speculating out of jealousy and/or spite. I posted evidence to the contrary, and they blocked me.