someone paid a lot of money for this i think we att CT shouldfind such buyer sand sell them our coins when the world is getting rich no need for us to get left behind http://offer.ebay.com/ws/eBayISAPI.dll?ViewBids&item=280330825718
well no one knows anymore its just that we should all start selling coins there are a lot of fools and even more money
what's wrong with the coin? Is it counterfeit or something or just not worth the $. I know nothing about Indian coinage. thanks
well its a $20 coin that sold for 1400 i asked all the other indian collectos to sell their collection while the market is hot
maybe this post is wrong, but what are the chances the buyer and seller are both the same or are hand in glove? I know there is some kind of fees associated with every "sale" on ebay but i have always wondered about the possibility of such an insider trading.. but then i wouldn't be surprised at this sale... Jai Ho
Krause It's listed as KM #490. That coin had a mintage of 821,000 & is listed at $20.00 for AU. I bet the sellers glad he did'nt have a Buy IT Now for $10.00 on that coin. Is there some kind of money laundering going on here?? Maybe it was a sign that Mother Teresa wants the affluent that have good paying jobs to remember the poor of Calcutta. The coin was struck in Calcutta.
It could be a shill bid so the seller can sell his OTHER 1880 1/4 rupees and point to this auction as a "benchmark price". It happens all the time on eBay. No way is that an MS coin either...
the seller is real the buyer is real someone actually paid that kind of money for that coin. not a shrill bid not a scam. in fact the seller asked me for advise during the auction instead of trying to smell a rat smell the gold they dont care for rats at the bank
It does happen, both in and out of the coin world. I used to sell high end boats for a living, and when a boat sat for a while, my boss would put it on eBay, marking it as NO RESERVE! in order to draw attention. Well, what would happen was, if he didn't get the price he needed or wanted out of it, he would call his dad, who would bid on it to get it to where he needed it to sell at, so if anyone else bid, they were on the hook for the whole price. But the catcher is...if no one else bid, he just marked it as paid, even though his dad wasn't actually buying it, and listed it again a month or so later. This guy made over 100K a year doing this.
or brains i prefer brains i know what happens behind the scenes for most indian coins otherwise i wouldnt have posted this. it sure is fun
Looks like there are a LOT of variations on that coin. Perhaps the one that was auctioned is particularly rare? Couldn't find any price guide, but did find a couple sites which point out all the small variations. http://kulraj-the-numismatist.blogspot.com/2009/02/indian-one-rupee-coins-british-india.html http://victoriacoins.blogspot.com/ Looking at the bidding history, there are about 10 distinct bidders who felt the coin was worth $200 or more and it looks like two bids in the $1400 range were placed in the final seconds of the auction. I don't think a shill would have attempted to place a $1400 bid on a $20 coin if it was already legitimately bid up to $600! All the top bidders have fairly high feedback ratings as well. I think we're all missing something and this is not a $20 coin....
all i will say is this i am networked into almost all the major dealers of indian coins on a first name basis and most of them ask me for advice when they are selling their stuff. it also gives me first dibbs on any private treaty sales. if you help make a win win deal everyone will like u and u will get what u want in the end
