People are actually buying this crap. http://cgi.ebay.com/NEW-Thomas-Jeff...yZ149688QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
"These are unsearched coins and may contain a very valuable error coin!" Except I might just look at them as I take them out of the roll. Look at all the bidders. PT Barnum said it best........
"The coins in this auction come out of one of the first boxes ($1000 Box) ever minted with the Beautiful presidential dollar coins - So the chance of getting an error coin is more likely!" So the mint intentionally makes the errors and gets them out fast. With all of the crap errors I've seen I can almost believe that. What I can't believe is that the seller would just pop one in a holder without checking to see if it's a "rare mint error". Just might have to ask him about that. Replies to questions like that are always amusing when you actually do get one.
Question for the seller "Hi, I'm a bit puzzled by this part of your auction. "The coins in this auction come out of one of the first boxes ($1000 Box) ever minted with the Beautiful presidential dollar coins - So the chance of getting an error coin is more likely!" How do you figure that? Does the mint intentionally release pre planned errors? - thus making your chances better of getting one? Second, are you just going to pop coins into holders WITHOUT looking for errors? The way I see this auction you might make a few bucks on shipping after ebay fees and possibly pump up your feedback as a seller. Good luck, clembo" I wonder if I'll get a response.
Not sure what the problem is here at all. At one of the coin shows I go to there is a dealer that purchases many coins from a bank. Takes them home, puts them in 2x2's, sells them at the coin shows. A cent will cost $1. A Nickel runs about the same. Quarters cost more and haves cost a lot more. They are graded by that dealer as to what he thinks. He also buys lots of Proof and Uncirc sets and splits them up and sells them individually in 2x2's. Any coins he gets in change that look good he does the same. His is one of the busiest tables at the show. Another dealer buys rolls of coins from the bank. Must know someone there, and sells them at the same coin shows. I just call this good buisness. Anthing you can sell for a profit. Why not? My son sells lots of stuff on ebay that I would normally throw out.
I agree. I generally don't see any problem with it. I consider it a convenience fee for the dealer to take his time dealing with the stuff. I could buy bags of half dollars each year for the small mint markup, but I would rather let my dealer do that and pay the small dealer markup for the one coin I need for my Dansco. The funny thing about the Jefferson auction is that he shows a picture of a proof coin.
Just Carl and Shortgapbob, I can understand where you guys are coming from believe me. I have a local dealer that has done great business over the years selling modern "singles" by breaking up mint and proof sets. Real nice guy and honest to boot. I guess my biggest problem with this guy is the "possible error" comment. I highly doubt that he would not go through these coins to find errors. Add to the fact that I am SO TIRED of new dollar errors. Starting to look like a non error coin will be scarcer than an error. Thank ebay for that. clembo
I guess my concern with the auction wasn't the price, but rather the misrepresentation on the possibility of getting an error. Not only does he state that getting your coin early increases your chance, he implies that he would willingly put an error in a 2x2 and mail it out for face value. If he had pictured of trained, illiterate monkeys pulling the coins directly out of rolls and stuffing envelopes, then I might believe that the buyer had a chance of getting anything beyond a post mint damaged Jefferson Dollar.
