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Topic: I dont get it cant be worth $225  (Read 9715 times)
Archey80
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I dont get it cant be worth $225
« on: September 16, 2006, 01:04:09 am »
Hey Can someone explan this one to its selling for over $225 in EF on ebay
[edit]Item # removed. --BWJM[/edit]

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« Last Edit: September 16, 2006, 01:25:02 am by BWJM »
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Mikeysonfire
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Re: I dont get it cant be worth $225
« Reply #1 on: September 16, 2006, 01:45:43 am »
I don't see anything on the note that would make it worth $225.  :-?

Maybe I should sell my 20 Beattie Rasminsky on ebay.  :P
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JB-2007
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Re: I dont get it cant be worth $225
« Reply #2 on: September 16, 2006, 08:41:40 am »
Its a very common issue. Very easy to find in all grades. $40 max!
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venga50
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Re: I dont get it cant be worth $225
« Reply #3 on: September 16, 2006, 09:09:31 am »
Quote
I don't see anything on the note that would make it worth $225.  :-?

Maybe I should sell my 20 Beattie Rasminsky on ebay.  :P
The item doesn't end for another 4 days...how about sending these 2 bidders (who make up 46/47 of the bids on this note  :-?) a message on eBay offering to sell them an UNC for $400 or an even better EF for "only" $150?  ::)

One of the bidders is probably a shill bidder.  Nobody's dumb enough to pay $225 for a $30-40 note.
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Ottawa
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Re: I dont get it cant be worth $225
« Reply #4 on: September 16, 2006, 09:16:44 am »
The lot in question is easy to find with a "$20 1954" keyword search. Check out the bidding history though!!! As of now there have been 47 bids which comprise one "normal" bid of $24.98 (which is the true market value), 4 bids from a bidder who has a zero feedback rating (the current high bidder), and 42 bids from another single bidder who has a feedback rating of 4.

I'm pretty sure that we're witnessing a classic "bidding war" between two bidders who have some "issues". Even if the item "sells" at this high price level I doubt very much if the payment would go through.

By the way, this is a good example of why many eBay sellers are reluctant to accept bids from bidders who possess zero feedback!!
« Last Edit: September 16, 2006, 09:18:52 am by Ottawa »
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" Buy the very best notes that you can afford and keep them for at least 10 years. " (Richard D. Lockwood, private communication, 1978).
Ottawa
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Re: I dont get it cant be worth $225
« Reply #5 on: November 04, 2006, 01:36:40 am »
This common "EF+++" note (worth about US$40.00) sold via auction on eBay on Sept. 20, 2006 for the princely sum of US$202.50. The high bidder still has a zero feedback rating so he presumably never paid for his purchase. You might see this sort of speculative price listed in some eBay Stores but not at a normal "clean" eBay auction.

It's for reasons like these that eBay prices can sometimes be very misleading.

Feel free to PM me if you want to know the eBay item number.
« Last Edit: November 04, 2006, 01:52:38 am by Ottawa »
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" Buy the very best notes that you can afford and keep them for at least 10 years. " (Richard D. Lockwood, private communication, 1978).
rew150
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Re: I dont get it cant be worth $225
« Reply #6 on: November 07, 2006, 07:47:32 pm »
I believe the quote "BUYER BEWARE" fits here nicely.
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