Can you believe this eBay auction?!!!!

Discussion in 'US Coins Forum' started by kiyardo, Mar 28, 2005.

  1. NOS

    NOS Former Coin Hoarder

    Okay here is my initial contact and his response:
    You asked:
    "Hello, I am fairly new to collecting and am quite interested in buying this coin off of you so my question is would you accept cash? Sincerely, Russell"

    Yes, I will except cash however I would have to receive it before the merhchandise is shipped to you! Thank you! Tony



    Then I sent him this:
    Okay- I would use paypal but I have a balance limit with that or a money order but I believe there is a limit with that as well. By the way what did you pay for the coin? If I bid and win the coin it will make me feel simply wonderful knowing I own a coin with such a low mintage and will help show my patriotism.
    Russell


    That was a couple hours ago now and I have not heard back from him...
     
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  3. kiyardo

    kiyardo Senior Member

    hehehe. That's good NOS. I hope he replies to you. But something tells me that he won't tell you what he payed for the coin. But, ya never know. Let us know what you find out.
     
  4. kiyardo

    kiyardo Senior Member

  5. lawdogct

    lawdogct Coin Collector

    Well that's a little better ;) Personally, I can't stomach all the WTC coin sales (legit or otherwise). IF and only IF every last penny of the sale of such coins went to the families of those who lost their lives on that dark day would I be ok with it. I work across the street from ground zero, so my opinion is a bit biased.
     
  6. kiyardo

    kiyardo Senior Member

    Not to get off topic, but I'll bet it's nice to see #7 rise up so quickly, eh?
    It's too bad 'the powers that be' decided on that 70 story perch for a bird cage AKA as Freedom Tower.
     
  7. Speedy

    Speedy Researching Coins Supporter

    I glad he saw what was the matter with his price.
    Now I bet he will get bids...
    Speedy
     
  8. ageka

    ageka New Member

    I do not know were all these minicoins come from but ebay europe is at times infested with 10 to 12 mm coins weighing about 0.6 gram of gold and BIG pictures for those that do not read or do not know what 10 mm means
    Even bulk gold like belgian 20 francs kings are offered were you can get 5.8 grams of gold at bulkprice for the real thing
     
  9. GDJMSP

    GDJMSP Numismatist Moderator


    There are literally hundreds of companies out there that manufacture these novelties. That's all they are - novelties. They make miniature replicas - gold, silver & platimum plated replicas, stamped or countermarked replicas - and they do all of the above to genuine coins. You can even have your own coin designed and manufactured if you wish.
     
  10. NOS

    NOS Former Coin Hoarder

    Okay this is what he sent before the 1st auction ended and he was very evasive with my question about what he paid as you can see here:

    Hello! I would like to wish you the best of luck! Thank you!

    Tony


    I did not reply but then this morning I received this which says almost the same thing kiyardo's does:

    "Hello Russell! This coin is very rare! I have made revisions to this item that I think you will find very welcoming! Only a certain amount of these solid gold coins as well as the solid silver coins ever got out, before they put a stop to it! For example some were minted and are not solid gold but are gold plated or are silver clad! The extreme rarity of this coin is real! Nevertheless it is certified, and the gold is from the WTC!

    Thank you,

    Tony"

    I did have to go looking for the new auction but I knew what to do.
     
  11. Conder101

    Conder101 Numismatist

    < Read the listing NOS. 10mm 8K gold means that there is a plating of 8K gold. 8K is .3333 gold, so the total pure gold on that coin weighs considerably less than 1 gram. The current spot price of gold is approximately $14 per gram. >

    What in the listing makes you think it is plated? I've encountered several of thes in the past and none of them have been plated. They have all been solid 8K gold.
     
  12. Speedy

    Speedy Researching Coins Supporter

    Even at 8K gold it wouldn't be worth much...isn't 14K pure or is it 24K??

    Speedy
     
  13. NOS

    NOS Former Coin Hoarder

    Okay a couple days ago I got this reply from him after I asked what happened to the relisted auction:
    Hello Tony,
    I was quite interested in bidding on the coin with the revised price. I noticed that it was taken down. Might I be so bold as to ask what happened??
    Sincerely,
    Russell

    "Hello Russell,
    I'm quite sorry =( about the inconvenience! Well as you know I listed this rare coin for $60,000 and then for .99 cents! My wife found out what I had done without consulting her, I tried to explain that, that is how E-bay works, she became furious and told me to pull the auction! Look! We don't want to get rich (although that would be nice) we would have wanted to sell the coin for at least 1 bid of $60,000 U.S. dollars so as to pay our home! Being this coin is quite rare 1 of 3500 we will wait and see if we can get some offer around $60,000 U.S dollars for it, if not then we shall wait and see! Again I apologize for this inconvenience, I did however enjoy your conversation! Thank you! =)

    Tony"
     
  14. GDJMSP

    GDJMSP Numismatist Moderator

    24K is pure.
     
  15. Speedy

    Speedy Researching Coins Supporter

    Thanks--
    I knew it was one or the other!!!

    Speedy
     
  16. NOS

    NOS Former Coin Hoarder

    So what do you guys think about him being serious in wanting 60 grand for the coin for a house?
     
  17. GDJMSP

    GDJMSP Numismatist Moderator

    It's rediculous - at best the item is worth the gold content, nothing more. And assuming it does contain 1/4 oz of gold that would be approx $105.00. Personally I wouldn't pay $20.00 for it.
     
  18. NOS

    NOS Former Coin Hoarder

    Hmmm well he says he wants atleast 60 grand cuz it is 1 of just 3500 coins minted but I guess that doesn't matter with it...
     
  19. Speedy

    Speedy Researching Coins Supporter

    GDJMSP is willing to give more than I am!!!

    Your right that the mintage doesn't matter.

    Speedy
     
  20. SilverDollarMan

    SilverDollarMan Collecting Fool

    ROTFLMFAO, HEHE He couldn't get $.99 for it.
     
  21. JAG90

    JAG90 New Member

    $60,000? I could think of at least 60,000 coins I would rather have than that one.
     
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