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Anyone know who this is that spent over $1,000,000 on this auction?

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I don't understand this. The guy wins the auction, Casper leaves him good feedback for the auction. I'm assuming he left the feedback because he got paid. But, the coins have since been listed twice after the sale of them.

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I seem to recall that Casper has been trying to get a million for that set for a long - long time. Even if a million bucks was pocket change to me I would find a better use for it than that set, which does little for my collecting juices.

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The auction description reads of confusion. Two coins that have been upgraded are still pictured while the auction shows only one of the upgrades. Same goes for the new posting of the auction....still no pic of the 1882-CC MS68! I also got a kick out of the exchanges in their feedback. 27_laughing.gif

 

Another thing that makes me wonder, don't the folks who are assembling high grade registry sets, need these coins? Is this seller some sort of investor?

 

Leo

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Is this seller some sort of investor

 

I've known Casper for years. Mainly from when he was a meteorite dealer. He is a wealthy individual, and a bit eccentric, in a good way. He has a passion for Morgans, plain and simple.

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Is this seller some sort of investor

 

I've known Casper for years. Mainly from when he was a meteorite dealer. He is a wealthy individual, and a bit eccentric, in a good way. He has a passion for Morgans, plain and simple.

 

What I'm saying is that there are dealers who will outbid the collector at all costs with the mindset that collectors will eventually shell out more, pay an even higher price then their original bid, to obtain the coin for their registry sets. I have seen this happening with the varieties in nickels. A dealer will outbid the collector and have the coin back up for auction at a much higher price. They will post the coin

4-5 times throughout the year until it sells or price inflation catches up to it.

 

Leo

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