Now THIS is a coin lot !

Discussion in 'Coin Chat' started by rotobeast, Oct 17, 2007.

  1. rotobeast

    rotobeast Old Newbie

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  3. rotobeast

    rotobeast Old Newbie

  4. clembo

    clembo A closed mind is no mind

    Those are lots alright Roto.

    Lots of crap most likely. Unless you can get them under spot INCLUDING shipping I wouldn't waste my time.

    Bet you'd do better at your local auctions ;)
     
  5. Just Carl

    Just Carl Numismatist

    I always hope to find something like that at a garage/yard sale for just face prices.
     
  6. Treashunt

    Treashunt The Other Frank

    Worth about 8X face.
    So that you can still make a buck.

    Oooh, look "Estate" lets bid!
     
  7. gatzdon

    gatzdon Numismatist

    That second one looks to be overpriced. From the description, it sounds like the majority of it is modern bullion coins.
     
  8. silvrluvr

    silvrluvr Senior Member

    I will never buy from any seller that only accepts Paypal.
     
  9. Treashunt

    Treashunt The Other Frank

    :thumb:
     
  10. Drusus

    Drusus Pecunia non olet

    I only pay with paypal and wont deal with people who dont accept it :)

    To say the lot is probably junk is just conjecture...The pictures are not good enough to say.

    Though I wouldnt buy anything I couldnt see before hand and the pics dont show enough to put me in my comfort zone. I have bought a large lot like this before and been very pleased with what I got but I asked for higher res photos before buying.
     
  11. goldcollector

    goldcollector Member

    second auction is asking 11 X face as opening bid with buy it now of over 12 times face. By the time you pay shipping its gonna be 13 or 14 X face. That guy is dreaming when you can get 90% silver on ebay at 9X face pretty easy. Just today I had a guy email me asking to sell me a roll od F/VF 1964 Kennedy Halfs for $95 ppd. Thats 9.5X face.

    The first auction, I would rather have 1 1 ounce Buffalo Gold coin or Panda or eagle. Any 1 of those beats that whole lot.
     
  12. rotobeast

    rotobeast Old Newbie

    I'm not bidding on either one.
    I just found them amusing.
    :D
     
  13. Vitagen

    Vitagen New Member

    I find the reserve and starting prices on those are too high.

    The first one should have met the reserve before reaching $800
    The second one is starting too high & should either set it's start at max $2900, or set the reserve to that. Then, the bidding shall commence.

    Reserves are funny. They can attract TONS of viewers, but few bidders if people start getting disappointed about a reserve never reaching after tons of bids. (20-30)
    Even then, a reserve on an item worth less than $50 is silly. If your item it worth $50 or lower and you start it at $0.99 or $5.00 without a reserve...the bidders will raise it. Your odds of it reaching the actual value are very good. Especially for solid gold coins.

    Probably not so much with lesser value items, like a small lot of wheat pennies or steel pennies that's worth $50 to you. Those depend on the timing.

    Best thing for an actual price quote is to average the sale price of the last 10 completed auctions that sold...which are similar to yours (if possible that is).
     
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