Been looking for a certain modern commemorative from the 1990s on eBay and found this 1992-S Gymnastics Half: http://www.ebay.com/itm/PROOF-1992-...66?pt=Coins_US_Individual&hash=item35b8564bee Current bid is on $42.09, 1 hour to go. I am not sure what are these two are trying to prove, but I found same coin as BIN that looks slightly better for $12 and some cents with free shipping. One of them is going to win and realize he`s an idiot, sooner or later.
Nah - they will live in ignorance bliss forever and probably tell people how they stole this coins for .50 or something like that. Kind of like people that hit casino's - did you ever notice how people always win? They remember the $200 they won on the whichever game, but forget about the $300 they spent to win it.
God bless coin mag. price lists, the littleton's of the world and even NGC/PCGS price lists rather like assumptions and guesses. Also bless those who see them and take them as law for they are weak.
I know there are people like that, but I cannot fathom why. I am in a place with legalized gaming. My wins are always profits and my losses are just that. If I say I won $200, my stake money has been returned to it's place and this is net, less any additional costs. Transportation, parking, meals, etc are all part of overhead. A win must discount all costs associated with it to be a win. Certainly a trip to a casino that has a $300 plane fare, $200 room, $60 in meals with another $50 in tips, etc must net more than $610 after the stake is returned to be a win. Self delusion is the bane of not only a bettor, but coin collector as well. You simply cannot be successful if you are not truthful. IMHO
I can see getting caught in bidding wars, but this seems a bit more than that. For the right price, I'd buy this coin. But, that right price would be considerably less than $42.09 I believe!
That's not always true. Over a 10-year period at the Riv in Vegas, I was ahead by about $25K playing nothing but 1c & 5c multi-line videos. On my last foray there in 2006, I hit 4 machines, "Catch a Wave", "Filthy Rich" and two "American Original", in a 45 minute period for a combined $3,964 on a total outlay of $51. Then, I went to Frank's Coins in the Riv and his brother, Patrick, sold me $4K worth of Morgans for $2K. Chris
I have seen bidding wars before and they do get out of hand. But I know many buyers tend to ignore buy-it-now items on ebay. A lot times you will see an auction finish at an absurd price when there are much cheaper buy nows that goes unfinished.
The same with high starting price. I`ve seen a lot of bidders on a certain Israeli banknote, one of the first issued, and the winning bid was in the $60s area with a starting bid of $0.99. A week later I saw same grade banknote, maybe slightly better, from different seller with a starting bid of $24.99. I got it, I was the only bidder. My guess: there are a lot of uneducated and impulsive bidders out there. When I see some, I just don't bid or bid my pre-determined maximum.
You are one of the lucky few. Those lights and signs don't get paid for by paying out for everyone.:smile
