2007 graded(ms69) Eagle gold coin -- $50 denomination $1200 BIN! Check his completed auctions -- he sold several comparably underpriced items yesterday. Smells a little funny, especially given that his recent feedback is for selling non-coin stuff, but hey, Buyer Protection...
Someone's losing money if they paid for that before selling it, or they made a killing if the item was stolen. Either way they're out of their mind. Edited to add: Numismedia price, $1680. Just found this in his store: http://cgi.ebay.com/Graded-US-Silve...75?pt=Coins_US_Individual&hash=item230ed94e0b Numismedia price: $80.40 So he sells 1 oz gold for about $500 under spot, and sells low valued slabbed coins for almost 10x value. Things that make you go hmmmmmmmm!
I see an 1885-S MS64 right at $700, which is what he's asking. I suspect someone got these coins as part of a lot, an inheritance, or a theft, and is selling them based on out-of-date Red Book prices or something similar.
If it sounds too good to be true...it usually is. Prices that low would set off all kinds of red flags for me.
They set off warnings, but this guy is passing some of my diagnostics -- each auction has a legit and distinct photo, there's a plausible relationship among the items he's selling (not just a collection of items from "popular searches"), it's not an account that had been inactive for a while. But, yeah, it's one I wouldn't consider without the presence of Buyer Protection. I've gotten more than one "too good to be true" deal on eBay. I've gotten things resolved to my satisfaction on ones that turned out to be untrue, and enjoyed the ones that were true.
Jezzzz, great buy and graded too !!!! If you suspect theft, maybe you could check the number with NGC ??? I would have scaffed it up, fer sure !!!!
Hah, I fell for the old "NGC slab usability failure" -- I read "1885 S[ilver]$1" as "1885-S $1". Glad I didn't fall with my wallet open. But it's quite likely the seller did the same thing.
If someone got a 1 Oz AGE for $1200 (way below melt) what a great rip! Opening bid on his 1885S Dollar is considerably below CDN. It should sell unless they are brain dead there. I just wonder if he will really ship the AGE or perhaps he is unaware of being ripped.
No, it's an 1885-P -- he (and I) misread the slab as 1885-S $1, not the actual 1885 S$1 ("silver dollar"). The $1200 eagles are still not the best I've seen, though: 1907 $20 GOLD LIBERTY HEAD DOUBLE EAGLE US COIN Bummer when you're listing an item and you accidentally fill in $0.99 as the Buy It Now price instead of the starting bid. I'm assuming the "winning bidder" was a good sport and left him off the hook.
I would never ship a coin to someone I sold too low bc of some mistake. I would tell them it had been lost or something and refund their money.
Selling a double eagle for $1? Me, neither. $1200? Now we're getting fuzzy. Leaving aside the ethical issues, backing out on an auction is likely to get you negative feedback, and can eventually get you knocked off eBay. It's also hard to do if you don't realize your mistake until after you've shipped, if ever.
I sent the seller an email, awaiting his reply, pointing out to him that the 1885 is an Philadelphia struck Morgan, not San Francisco.
Looks like feedback's starting to trickle in on the first coins he sold. Apparently he ships fast, too. :headbang:
