Record sale on Ebay? Reserve not met at 3.5mil

Probably not. Bidders have to be pre-approved.

 

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I did a joke auction in early 2000 that "went viral" (before that phrase had caught on), and got tens of thousands of hits (which was quite a lot at the time). It started collecting joke bids.

When the bidding exceeded (cue Dr. Evil) ten MILLION dollars, I pulled the plug; under the fee structures at that time, that would've incurred a FVF of $125K. With a non-paying bidder, eBay would've sorted it out eventually, but I really didn't want to go there...

 

No one has topped that bid in over 24 hours. Less than 4 days left.
Can it get to 5 million?

 

Any serious bidders haven’t shown their cards yet.

 

All this topic conversations are just overwhelming me ! LOL I'm just dumbfounded as to why the owner would want these special coins to be in someone else's hands !

 

My guess would be estate planning.

 

It says he took 15 years collecting this set. It's possible he has enjoyed the hunt and the collection long enough, and is looking at making a nice little profit.

 

Or a new interest, or building a house, profit possibility too high ect. Some people also just lose some interest in it when the hunts done

 

Nobody mentioned the edited fees yet. What's that another 3-5 %?

 

It’s zero because no one is making a payment for that amount with PayPal. It would be direct payment

 

I'd get them to personally deliver it, if that's at all an option.

Imagine trying to come back home with it... that's one expensive carry on luggage!

 

Sorry not interested as it doesn't include a 1933.

 

Anyone know why eBay does this? I mean good for the seller I guess. But not so much for eBay’s bottom line. If people are correct, even the 10% fee would be cheaper then the major AHs, so they could most likely get away with it.

 

Ebay caps it at $250. On the other hand, PayPal will likely charge at least 2% or $70k at the current price. Geez I hope the guy elects to pay by other means!

 

I can relate to that.

 

Without the 1933- I am going to pass. Does the government now have control or know the whereabouts of all of the 33's that got out?

 

If this case lectionary had a 1933, I imagine the government would swoop in and say “Mine!”

 

That is what they were doing on the others. Have not checked updates on the court case.

 

As others have pointed out, eBay caps FVFs at $250 for stores.

PayPal doesn't restrict total transfers in and out of Verified accounts, but each transaction is limited to $10,000.