WTH is Going on With this Bid??

So strange! Every time I think I've seen the most terrible ad another one comes up to take it's place! I hope nobody here made this bid! I know it's a rare date but would you buy it? Any comments?

https://www.ebay.com/itm/133564070300?_trksid=p2471758.m4703

 

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I wouldn't. For the most part I am not a set-maker for quarters. I take the best examples I find and keep them. This would be a pass from me. Money better spent on a Morgan.

 

If coins could talk...

 

Yes, mostly all of us collect the same way! I understand looking for a rare date and mint mark, but this quarter doesn't deserve a second look at all!

 

Why would anyone spend that kind of money on a coin that's that damaged?

 

no

 

Because the bidder is rich enough that It won't hurt them to pay that much

 

If they keep buying coins like this then they won't be able to afford them any longer.

 

What do they say about a fool and his money?

 

Looks like that bidder has a feedback number of 21,000+ so could be a dealer knowing he has the ability to flip at a profit.

edit; looks like the bidder collects halfs and quarters based on bid history

 

I like coins with "history" but I prefer a gentler history
Then again on a rare/hard to get/very expensive coin, i might accept it as a filler if the price was right

 

They say a sucker is born every minute!

 

It's probably just bad photography...take a chance.

 

Shill bidding. That's how they inflate the bid amounts.

 

The dealer has a 100% rating with nearly 1500 reviews and the coin seems to be accurately presented. The $250 bid is opening (minimum) price.


I see two (2) likely scenarios, either...

1. Someone was surfing new listing late at night...after a few adult beverages, or

2. The dealer, knowing that many people filter out "no bid" auctions, has an employee (or someone they know well) to enter an initial bid...costing the seller the auction fees if no one else bids.

 

Or 3. It's someone like myself who simply doesn't care whether or not he can recoup his money and wants to fill the hole but can't afford the 1200+ dollars an undamaged example in this grade would cost.

 

I'd say #2. But I'd also classify that as a shill bid.

 

...this one wouldn’t talk anymore.

 

The shill bidder, if one, is probably the zero bidder.

 

This one would be screaming in pain

Quite likely. If I was collecting seated quarters by date and mint I would be willing to buy it, but I'm not sure I would go that high for it. Some of us do collect truly rare coins, but have budgets that make a coin over a few hundred a stretch.