You Guys Seen This?

[Red Llama]

I see this come up all the time but finally read it.

 

http://www.ebay.com/itm/200-000-unsearched-LOOSE-US-coin-TYPE-collection-Guarenteed-silver-/281154176772?pt=Coins_US_Individual&hash=item4176184704

 

Scroll down to the bottom where the 'rules' come in. Seller says only paypal collection? Can you even send 130 THOUSAND dollars over paypal? Can't view coins. Can't see coins. Can't meet person. Can't hire 3rd party to verify coins. Odd. Why would somebody who seems desperate to sell and wants big money refuse to negotiate and says "This is an internet transaction only.

[wdrob]

 

What surprises me more than the sell is that for $130,000.00 eBay will only award you $100.00 in eBay bucks!

[Red Llama]

HA

[coinman_23885]

I love ambiguous and obviously misleading listings. I wonder how close the distribution of coins will match the following scenario (which would in theory satisfy all of the elements of the description):

 

199,999 common date Jefferson Nickels (I'm being generous here) = $9,999.95

1 Morgan Dollar = $25.00

--------------------------

Total Value $10,024.95

 

You could add your own sprinkling of junk silver and low grade "numismatic grade" coins and still be well under $11k.

 

[Red Llama]

Well I looked back and this seller list all sorts of lots and uses same stock photo on it. Has this 200k lot. A 20lb lot. 10lb lot.

All are 'unsearched'----but yet he/she gives estimates on the value and composition of the coins.

The listing even says:

"Unsearched by me. I did not pick the coins to put in this lot so I have no idea what exact type of coins or dates are in the lot except my spot check for culls,holes, etc etc "

 

Two things.

1) So you know claim you have not even looked at coins and have 'no idea' the coins in this lot...but yet above you mention there are very few modern pennies, there are morgans and even make observations such as, "The silver will make up for the buffalos"

 

2) So you checked the coins for "culls, holes, etc" but I thought coins were unsearched?

[Kenneth F]

Ha ha ha...

 

[jpcienkus]

I don't remember the last time I spent $130K on something sight unseen.....tapping foot.....hmmm, nope, just can't think of one time!

[Red Llama]

Well why would you not spend 130k sight unseen. You can make "50x" profit!!! Take out mortgages out on your house guys! We need to buy this person out!

[Treashunt]

In a word:

 

insufficiently_thoughtful_person.

 

 

Gee, here is $130,000 Thank you for your kindness.

[jpcienkus]

Well why would you not spend 130k sight unseen. You can make "50x" profit!!! Take out mortgages out on your house guys! We need to buy this person out!

 

OMG. You're right! Now I need to determine what assests I need to liquidate in order to get rich quick!

[Red Llama]

What is going to make me cry is if somebody buys this. I'm not even going to watch it anymore because IF it somebody buys it I'd rather not find out.

[jpcienkus]

What is going to make me cry is if somebody buys this. I'm not even going to watch it anymore because IF it somebody buys it I'd rather not find out.

 

I have to watch it. Kind of like an accident on the freeway.

[Red Llama]

What is going to make me cry is if somebody buys this. I'm not even going to watch it anymore because IF it somebody buys it I'd rather not find out.

 

I have to watch it. Kind of like an accident on the freeway.

 

If a Jag Xj smashed into a Fisker Karma maybe.

[WoodenJefferson]

Let's see here, it's late and my brain is slowing down, so this may be very inaccurate.

 

The seller suggests you get 130 persons to invest $1,000.00 each, to make up the $130,000.00 to buy the lot. What's wrong with 1,300 buyers putting up $100.00 ea or even 2,600 buyers at $50.00 ea...or even 5,200 buyers at $25 bucks each!

 

Shoot, let's get 130,000 collectors to chip in $1.00 each and commence selling them on the 'Money Market' section of the boards.

 

How much return did he say there would be 'per coin' or for each dollar spent?

 

[WoodenJefferson]

3 grams 35% 70,000 .01 coins 210,000gr $700 face

5 grams 30% 60,000 nickle 300,000 gr $3000 face

2.5gr 25% 50,000 dimes 125,000 gr $5000 face

6gr 5% 19,000 qts 114,000 gr $4750 face

12.5 grams .5% 1,000 50 cent coins 12,500 grams $500 face

27 grams .05% 100 $1 coins 2700 grams $100 face

 

1790200g = 63147oz or 3,946 pounds or almost 2 tons. $14,050.00 total face.

 

[Red Llama]

3 grams 35% 70,000 .01 coins 210,000gr $700 face

5 grams 30% 60,000 nickle 300,000 gr $3000 face

2.5gr 25% 50,000 dimes 125,000 gr $5000 face

6gr 5% 19,000 qts 114,000 gr $4750 face

12.5 grams .5% 1,000 50 cent coins 12,500 grams $500 face

27 grams .05% 100 $1 coins 2700 grams $100 face

 

1790200g = 63147oz or 3,946 pounds or almost 2 tons. $14,050.00 toto

 

Words are worthless. I can only applause you.