Largest Coin Collection Ever on Ebay?

Buyer beware is my only advice.

 

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Sheesh... I thought I had a problem lol!

 

As I expected -- an unsuccessful auction (top bid $95K, reserve not met).

To Mr. Howard, should he decide to revisit this thread: You probably can't expect a reasonable offer on this lot if you can't provide a reasonable representation of its contents. If people can't even tell how much the lot contains, never mind check the authenticity and quality of the higher-value coins, they're going to underbid for safety's sake. This is way beyond the "Storage Wars" realm, where people will overbid because they might get a treasure.

Even your smaller lots all closed without reaching their reserves. I had my own eye on your lot of Morgan and Peace dollars, but I wouldn't even have outdone the high bidder, never mind met whatever your reserve is. A lot of the keys, especially the 1928's, looked to be harshly cleaned, and that made it hard to have confidence in the rest. I would've gone well over melt, but without a better look at the coins, it's just too hard to determine a fair price.

I wish you luck with these lots. It looks like you've got some good stuff, but it also looks like you'll have more work than you expected to get rid of it.

 

It's not that hard.....sell off the junk silver, clearly much of the lot is junk silver ! Then focus on the sets in albums.

How much to ship 1100+ lbs of coins ? He had a return option, too ! How much to ship it back and how could you even allow that ?

What was the face value of the 90% silver ?

I'd have to see this in person and it would be a hefty load in an F-150, plus unsafe to transport this 100k+ worth of stuff without security.

What was the reserve ?

 

I actually won this lot the first time it was posted, for around $150,000. But I had still not beaten the reserve. I contacted the seller, as I wanted to see what his reserve price was, to see if it was anywhere close to 150k, as I was going to go 200k max on this lot. The reserve is over 500K, so to people that think its 100k, if you melted everything there you would get 500k. So why would he sell it for 100k?

There truly are great finds in that lot!

 

If it contained 500K in melt value, why would he list it with a description that didn't let you determine that?

I'm not sure what the best way is to realize a good price on a huge, high-six-figure lot, but this wasn't it. I really wonder how much he's got in it, and how much he​ actually knows about what it contains.

 

There's going to have to be some good old fashioned "hard work" put into this before it goes anywhere. This may be well over everyones' head that's involved representing the owner, even the owner himself. Multiple auctions will be the only way out of this or a larger liquidation firm to organize such an event.

 

EBay's probably not the venue to sell anything with a half-a-million dollar reserve. You can buy a nice house for that in most parts of the country.

 

And in some parts, you can buy an entire town

 

Totally agree with you there. The majority of buyers who could afford this, would want to trade direct and not through eBay. The seller said he could make arrangement for it to be viewed when he posted his comments on CT, but he did not even offer that in the listing. It just said call me with any questions. That's not the answer to marketing something of this magnitude.

 

I'm surprised that someone with that lack of marketing skills has access to sell lots like this, and this isn't their only big lot either.

 

Thanks for the update on this, it looks the seller is now selling the items individually?