2007 Mint Washington Gold Dollar Coin upside down edge

In another thread, a member posted an auction for a no-edge lettering Washington dollar. I poked around, and stumbled across another "error" this seller has been auctioning. This is just from this one seller alone...

Yes, it's the Washington Gold Dollar Coin upside down edge... how much will it fetch?

Over $10?
Over $15?
Over $20?
Could it... could it... could it fetch over $30???

It's stupidity showcased brightly.

NOTE: Seller does *not* state it's an error, but does say, "This type of coin seems to be much fewer than the other ones that have the words facing up." I have no idea if that's even remotely true, but I will state clearly that I have no problem with people auctioning and getting whatever prices they can for things. If people are dumb enough to buy something without researching and knowing what they are buying, I'm all for selling it to them (this is why timeshares are an "industry"). I'm sure you could look at other sellers and find the same thing, along with people who pay over $20 for a piece of string. It's the buyers who are idiots IMHO.

 

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You're entirely missing the point Sam.

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Even the coin guys on HSN described this as an "error", and they should know better.

 

It is amazing to me how people manage to get through life financially when they make purchases like this:

http://cgi.ebay.com/5-2007-D-GEORGE...70097177258QQcategoryZ523QQrdZ1QQcmdZViewItem

 

50% of the coins are upside down. The mint can"t control which way they go into the machine that does the rim.

 

I posted in another thread here an 'upside down' coin that sold for $102 yesterday!

 

The mint could control the orientation of the edge lettering, but they rightly don't as it would be much more expensive to do so (manually orient each coin, feature recognition, robotics, etc.).

To buy the "upside-down" version of these at a premium is like telling someone "Flip that dollar coin of yours- if it lands heads up I'll give you $1 for it, if it lands tails up I'll give you $35 for it." If someone told me that I would certainly start flipping some coins.

It is very tempting to sell some of these on eBay myself, but I like my 100% positive feedback, and my conscience will not let me.

 

prez dollar

i was able to get four rolls of prez dollar at my bank today. thank God. now i got 5 roll in total.

 

Yikes... I wonder if that's a record? If not, I can't fathom just how much someone paid for one of these.

 

Question

Honestly, am I missing the boat here by not selling coins advertised like this, or am I to ethical?

 

I wondered about the guy who lost that auction for $175, and he was lucky enough to win this! (ok, i have a lot of time on my hands to find this out)
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=260094535742

Now that is an error, but $595!!!!, he paid more money on that than any of the other 180 "Buy It Nows"! How do people not spend 4 seconds researching?

 

Don't you wish there were more people in the world like these. We would all be millionairs!

 

I would say that if you sold them for what they are, and not errors, it wouldn't be unethical. Sell them as two coin sets, one with the edge lettering one way and the other the other way. People will buy them, maybe only because they can't find them at their local bank.

If you describe them as errors, or possible errors, then I'd say that's unethical IMHO.

 

Guess what? I just put pairs of upside down & right side up on ebay. I think I will cash in on this windfall idiot thing.

 

I got at least 5 of these sittin at my house, i wonder if i should sell them.

 

Samjimmy.

I have to agree with you 100% , far to many people take advantage of others in this hobby selling some of these coins as errors is just down right unethical.

Bruce.

 

If i were to sell them i would not, under any circumstance make it out to be an error. I would have it say that the edge lettering is upside down. I think it would be wrong to sell them as an error.

 

I would never sell them as errors, but I do have one roll left to sell, so I may try the up and down thing.

 

Sorry, but I would not even sell these things as up side down things because I know I can go to the bank and buy a roll and find them in there just does not seem right to me sorry.

Bruce.

 

I agree with you Bruce a Conscience is a great thing.
Plus this is getting old !


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