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Was this monster worth the premium it went for?
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<p>[QUOTE="ToughCOINS, post: 8303019, member: 20480"]I believe you are mistaken. The seller may even have lost a little money.</p><p><br /></p><p>After the 7% eBay final value fee and the 2.7% eBay managed payment fee, the seller got back 7269.15 of the $8030 sale price.</p><p><br /></p><p>The coin was offered with free shipping which for a coin like this should probably cost $30 or so (assuming affordable insurance too). That leaves $7239.15 in hand from the sale.</p><p><br /></p><p>The hammer price was originally $7050, and appeared to be auctioned, so a buyer's fee would have been applied, plus a shipping charge, both of which surely exceeded the meager $219.15 difference.</p><p><br /></p><p>If I had to guess, the seller took about a $1000 bath.</p><p><br /></p><p>As for whether the coin is worth that sort of money . . . it is apparent that a few bidders thought so, but I don't. I don't mind paying a large premium for beautifully toned coins, but only when it makes sense to me. This coin is a common date, one for which beautiful toning is not all that uncommon, and one on which the toning is on the reverse, rather than the all-important obverse.[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 8303019, member: 20480"]I believe you are mistaken. The seller may even have lost a little money. After the 7% eBay final value fee and the 2.7% eBay managed payment fee, the seller got back 7269.15 of the $8030 sale price. The coin was offered with free shipping which for a coin like this should probably cost $30 or so (assuming affordable insurance too). That leaves $7239.15 in hand from the sale. The hammer price was originally $7050, and appeared to be auctioned, so a buyer's fee would have been applied, plus a shipping charge, both of which surely exceeded the meager $219.15 difference. If I had to guess, the seller took about a $1000 bath. As for whether the coin is worth that sort of money . . . it is apparent that a few bidders thought so, but I don't. I don't mind paying a large premium for beautifully toned coins, but only when it makes sense to me. This coin is a common date, one for which beautiful toning is not all that uncommon, and one on which the toning is on the reverse, rather than the all-important obverse.[/QUOTE]
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