What is special about this $2.5 liberty?

Discussion in 'US Coins Forum' started by usc96, Jun 13, 2010.

  1. usc96

    usc96 Junior Member

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  3. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I'm not a gold collector, so I can't really say. The photos look strange. From the brighter pair, the surface of the obverse looks odd, but from the darker pair, the entire surface looks uniform which may make it worthy of a higher grade.

    I also noted that the winning bidder had "0" feedback up to this point, but the losing bidder whose max was $1K has more than 4,000 feedback. Something doesn't sit right with that picture. Shill perhaps?

    Chris
     
  4. usc96

    usc96 Junior Member

    Could be. I clicked on the zero bidder's "history" and he appears to be bidding on many different gold items in the last few hours. I wonder if the 4000 feedback guy is thanking his lucky stars he didn't get stuck with a $300 coin for $1,000?
     
  5. charlottedude

    charlottedude Novice Collector

    The date is not at all rare in comparison to the rest of the series. Nothing about it stands out.
     
  6. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Someone maybe hoping to cop a '65 or '66 from one of the TPG'ers?
     
  7. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I'm thinking the losing bidder might be the shill. Prior to his bid, the highest bid was a little over $400. Why would someone with 4,000+ feedback bid 2-3 higher than the coin is worth?

    Chris
     
  8. Victor

    Victor Coin Collector

    If the high bidder thinks it will grade MS64 then he bid accordingly.
    Even if it comes back a MS63 he may break even. Any grade lower than those would be wasteful spending. The 1878 is one of the highest mintage years at 286,240 pieces made.
    Myself, I would never go half that much on a raw coin.
     
  9. Marshall

    Marshall Junior Member

  10. Dimefreak

    Dimefreak Senior Member

    :bigeyes:Heres my only explanation, I used bid something astronomical like that with the mindset that it would never even come close to that price. Just a way to ensure I won the item. What happend to this guy is what I always feared. Two people that used the same technique.
     
  11. Marshall

    Marshall Junior Member

    I've used this technique with one modification. My over the top bid is always an amount that makes me not care whether I win or lose if the coin is a grade worse than it appears. I get burned when it's more than a grade off what I think I see in the photos.
     
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