So I know I am new to selling any coins, but I got a good deal on some steel cents and have been putting them on ebay. The auction on this one just ended way higher than all the rest so far, and I am wondering Did I miss something? It is a nice coin for the grade and may even go MS66 but I see no errors and it would have to go 67 before it would justify cracking it and resubmitting. Any Ideas? http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=290516202187&ssPageName=STRK:MESOX:IT Oh and I'm not complaining
It does look a bit like a rpm, but don't think so. Cherrypickers guide only shows one doubled die variety for this year/mintmark and I am almost positive this coin does not have any doubling. But several people wanted this coin. I
Seems fair to me. People will pay for all kinds of unknown reasons. Maybe they needed the coin in that slab for their Registry or for a birthday present. Maybe someone is drinking and using the Redbook as a price guide? Or they clear a mil and a half a year and that is chump change to them. Either way, it is an auction and there is always the potential for that to happen and thats ok in my book. Congrats.
I was at a live auction sale today for 6 hours. I saw merc dimes sell for 28 times face and gsa dollars go for 100 bucks. Who knows at auctions what prices will end at. My guess is that this coin will cover your next loss. If you feel bad about it maybe list coins on ebay as a "buy it now" at greysheet ask.
It was probably two bidders using the same sniper software program and it ended up bidding against itself. This can happen.
Oh believe me I'm not complaining, just trying to learn. And I don't think it was sniping software, because it was at $50 this morning when I woke up and there were at least 3 different bidders. I guess you just never know.
I didn't know the bid history and was just guessing it was a last second bid. Since you mentioned that you are selling several of these coins, contact the second and third place bidder and give them a second chance offer. You can then have a bigger smile all the way to the bank.
That's pretty genius... can you do that, even after the 1st place bidder has paid? Are there any policies against this practice if you at least inform the bidder it's a different coin (same grade)? Interesting!
I'm not a legal expert but I can tell you this, I have personally acquired several coins by this exact process. Both sellers claimed to have several identical coins they were planning to sell in another week or two. One invoiced me through eBay and I payed with PayPal. He did it with a "Buy It Now" sent directly to my email. I have also acquired another by being close enough to the reserve price without actually reaching it. At least, that's what the seller claimed afterward.
At around $25 you had two apparent newbee's lock horns apparently, one with 54 and the other with 20 'bay transactions. I call it paying the hobbies stupid tax,, they'll learn ; ) .... and have a nice coin for the lesson, which is better than building $100 model airplanes imo. If you have multiples, definitely offer the 2nd bidder one at his last bid,,, can't hurt to offer.
I believe the proper way to do it so as to protect your transaction is to tell them exactly when you will repost the other coins so they have a chance to get them with a BIN. If you sell outside of ebay, I don't think the guarantee would stand. IMO. And it is the ethical thing to do I believe. Jim
Thanks for the replies, I guess it would seem bahabully's right just a couple people who really wanted a coin and didn't do some due diligence.
I'll tell you what did it. Including fantastic cropped pictures lit to feature the luster of the coin. I guarantee with mediocre pics you would have gotten a mediocre price. Search 1943 S PCGS Lincoln and compare your listing to the other photos. I applaud you sir - good going! As others suggested offer your second bidders a second chance.
desertgem, I think you could list it inside your eBay store without specifically listing it as a line item on eBay itself.
