Ebay 1934 G $1000 bill selling for $3500.00 ??? Fishy

So I was watching this auction for a FRN $1000 bill 1934 Chicago. It's hard to tell the exact condition but it does have writing on the front. The bidding ended at $3500.00 and I was stunned by that price.

http://www.ebay.com/itm/1934-1000-C...FRGsBCMmbu9cnrzP4SdFY%3D&orig_cvip=true&rt=nc

I quickly checked the sold listings for similar bills and $3500 was way out of line for the piece.

http://www.ebay.com/sch/i.html?_fro...lete=1&LH_Sold=1&rt=nc&_trksid=p2045573.m1684

So then I looked at the bidding page and there was 13 bids but only 1 bidder. Hmmmmm.

http://offer.ebay.com/ws/eBayISAPI.dll?ViewBids&item=281893317521&rt=nc&_trksid=p2047675.l2565

My question is this: Is this some sort of rigged bidding scam?

thanks CT people!

 

Log in or Sign up to hide this ad.

It's possible there was a reserve price and that bidder that wanted the bill kept bidding until the reserve was met.

 

Possible, but $3500! That's simply absurd, no?

 

Well this was a strange one - only ONE bidder who bid it all the way up to 3500$ in just 2 minutes - probably just schill bidding hoping a fool would jump in and bid after seeing it go up so high!

 

With so many other BIN auctions that were alot less money and even graded?

 

You have got to be kidding me. Who was he shilling? One bidder bids it up and wins at his high bid can ONLY happen if there is a reserve. The reserve was $3500 and met by his last bid.

BTW, I have seen bidders bid things up like that all the time - and they are not shill bidders

 

But WHY? For what purpose?

 

Huh? Why what? Purpose for what? He met the reserve. End of story.

 

Why? Why is that person overspending for that bill? And how can I find a buyer like that?

 

This is likely the case. The bids happen in rapid succession over a short period, 13 bids in less than 2 minutes...

 

Doesn't make sense. I bought mine for much, much less.

 

Sorry, but that is in his mind. That is one thing I have problems understanding - other people thoughts.

 

Sell on Ebay and hope one comes along.