I bid about $3 each on these two auctions for a 1877 and 1878 1/12 anna. The book value is between 50 cents for F and $6 for Unc. I don't see any variety listed that is worth more. Yet both coins are bid up to just under $40 with three hours left. What's the deal here? http://www.ebay.com/itm/191575063011?_trksid=p2055359.m1431.l2649&ssPageName=STRK:MEBIDX:IT http://www.ebay.com/itm/201345718247?_trksid=p2055359.m1431.l2649&ssPageName=STRK:MEBIDX:IT
Why would they do that though? I've bought from this seller many times and never had any reason to suspect monkey business.
What motivates a person or two people to pay so far over the value of something that they can easily get for less elsewhere?
Laziness, ignorance, inability to use resources that are available, or perhaps just pride in "winning". We see it all the time with all sorts of things.
