Attn: Coin collectors

Discussion in 'Community Discussion' started by madoka, Jun 13, 2006.

  1. madoka macrumors 6502

    madoka

    Joined:
    Jul 17, 2002
    #1
  2. hookahco macrumors regular

    Joined:
    Jun 11, 2005
    Location:
    To Live n Die in L.A. California
    #2
    eh.. you honestly get what you pay for. these people obviously know when they have a very valuable coin. the only expensive ones they ship out are the ones that fell threw the cracks. it might be fun to buy just because you might get something cool... kinda like buying a woot mystery box...
     
  3. freeny macrumors 68020

    freeny

    Joined:
    Sep 27, 2005
    Location:
    Location: Location:
    #3
    My guess is that these guys are pretty sure there are little to no "valuable" coins in this batch. But because they were perhaps found under water the natural shifting of water may have caused some gold coins to by chance mix with the cheap ones. Id say that cleaning the coins is a bit of a project and not make it worth the while for them to clean and hope for gold. They will most likely make more money by selling "mystery" batches then cleaning them themselves.

    As it stands now-

    185 available @ $21.99 = $4255

    There may be one or two goldies in the remaining batch plus cleaning time = alot of work for little or no payoff.

    Still pretty cool IMO. Im tempted to do this with my son...
     
  4. CanadaRAM macrumors G5

    CanadaRAM

    Joined:
    Oct 11, 2004
    Location:
    On the Left Coast - Victoria BC Canada
    #4
    The eternal law of eBay.

    The person with the knowledge makes the money.

    The person who only thinks they know what they are doing pays the money.

    If you are thinking you can outsmart a seller, you are setting up to be the chump, here.
     
  5. dejo Moderator

    dejo

    Staff Member

    Joined:
    Sep 2, 2004
    Location:
    The Centennial State
    #5
    That's not just a law of eBay; it's a fundamental law of economics. :)
     
  6. madoka thread starter macrumors 6502

    madoka

    Joined:
    Jul 17, 2002
    #6
    It's not that I think I'm trying to outsmart the seller. I didn't think I'd find a bunch of gold coins or anything. But I'm rather shocked that such old coins are so cheap. Is this the normal going rate for them? I mean, buffalo nickels and wheatback pennies can go for more and these coins are hundreds of years old. Seems like something cool to do with my son.
     

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