The 12 Million Dollar Coin...will it sell?

I kinda think the whole thing is a joke. Not a haha joke, but the listing and the coin itself just being joke.
The seller of this coin is a member here, and has really ignored the comments given to him by the other members, including myself about this coin.

He relies on Alan Hager, and calls the coin the most valuable on Earth and the only one of its kind, while others have sold on Heritage, not even cracking $2,000.
This guy has centered the last decade or so around this coin, and I must ask, is this really wishful thinking, scamming, or just being plain ignorant?

http://cgi.ebay.com/1995P-Penny-Dim...Individual&hash=item19bd6d22e9#ht_1335wt_1137

 

Log in or Sign up to hide this ad.

Dumb, dumb, dumb.

 

I'll give him a dime for it!

 

come on, he has to make a profit! I'll give 12 cents!

 

That is absolutely ridiculous. Maybe 12,000,000 Zimbabwean dollars. :rolling: TC

 

There are none so blind as he who will not see, and non so deaf as he who will not hear!

Unh-uh -

Of course that's after the latest massive revaluation of the currency.

 

A little confused here though... This is supposed to be a dime planchet that has been double stamped with a dime and cent reverse and obverse? That should indeed make it pretty unique since it would just about have to have been done intentionally, right?.. But you say you have seen these on HA, so there are other examples of this same 'variety'? What is the explanation for them?

And, oh by the way, what kind of reputation does Alan Hager have, and how does he feel about having his named dropped over and over again in this ebay listing?

 

I would love to own it..to bad I only have $11,999,999.99

 

eBay could stop a lot of this nonsense by having higher insertion fees for listings like this.
My little chart (which may be outdated) indicates the highest fee's category is "$500 or more" and they only charge $4.
Since eBay's insertion fees run about 1% of the starting price if they stuck with that then the insertion fee would be $120,000.
THAT would make these sort of sellers think twice (assuming they thought once).

BTW I saw in Coin World that there is a new record for the highest price paid for a US coin.
The old record was for the 1933 Double Eagle (about $7.5 million).
The new record is $7.8+ million; just can't remember what the coin was.

 

He's fairly popular elsewhere:

http://www.net54baseball.com/showthread.php?t=117639

 

I carry a 50 billion dollar 2008 "Special Agro-Cheque" from Zimbabwe in my wallet, just to make such purchases.

If the photos were good enough to ensure that its authentic and both dates are readable, I might offer 300 USD for it, if only to get it out of the ACG slab.

 

I think people at the U.S. Mint just get really bored and every once in a while they decide to make a seriously stupid coin and send it into circulation.

This guy selling this coin is so full of himself he thinks the coin is a strawberry leaf flowing hair stamped on a gold planchet.

The most expensive coin is a 1933 Double Eagle and it's so expensive because they never went into circulation and Roosevelt ordered melting of these coins. Only thing is they were not all melted.

 

Reading the post, it's clear that the seller has already started spending his $12M. He's too sure that it's worth a fortune. I'll give him $5 for it. It would be a nice conversation piece, especially if I could interview the people at the mint, and get an idea of how it actually happened. Maybe a photo of the press or something.

 

This guy is all over the next just Goggle 11 cent coin he has written this coin up all over and hyped it up himself. He had it listed once and said he turned down 3 million for it. If it was really a one of a kind it wouldn't be on ebay but at an auction house. So yes this is one of the biggest jokes on ebay right now. Ice

 

Especially since he is probably lying that he got a $3 million offer for it

 

The seller of the coin is a member of this website.

 

The new record amount of $7.85 million paid for a coin, was set this May. The coin is a 1794 Flowing Hair Silver Dollar, believed by several prominent experts to be the first silver dollar minted by the US Mint. It is graded Specimen-66 by PCGS.

But I'm sure this guy will find someone to pay $12 million for his error coin. :mouth:

 

Cents struck on struck dimes are scarce but they are available. Values last I saw one were in the $700 - $1000 range.

The 1933 double eagle hold the record for the most PAID for a coin at auction. About 7.2 million.

The highest price paid for a coin was the recent sale of the finest known 1794 dollar. This was a private transaction. About 7.8 million.

The highest price ever BID on a coin was 8 million for a 1000 Muhur gold coin. It didn't make the 10 million reserve, but if the bid had been accepted the final price would have been 9.5 million.

 

And he's been hyping the same coin, to the same ridicule, for a long time.

 

There are other examples of this double denomination error on Heritage that have sold close to $2000.

As for Alan Hager I hear he is a nice guy, and he is this and he is that, but the honest to God truth is, I'd never heard of him in my life until the seller of this coin brought it up.