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Watched a 1917 Sovereign sell on Ebay - great price if not fraud - opinion

Started by Zebo,

9 posts in this topic

Zebo

Zebo

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Posted

A 1917 Sovereign sold for just over $3,730 on ebay today. It's a R5 coin, pop. 3 with only 1 finer and was MS 63 NGC. The seller had a 100% rating with 32 transactions - most if not all where he was the buyer.

 

Too many Red flags - if it seems to good to be true - it probably is, but if it was legit - the buyer made one hell of a purchase. He could easily make five times that amount.

 

Given the Ebay buyers protection - would you have taken the chance?

 

 

physics-fan3.14

physics-fan3.14

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What do they normally go for? Based on what you say (except for the price), I don't necessarily see any major red flags.

brg5658

brg5658

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If the auction is over, why not post a link here so we can offer informed opinions? (shrug)

Zebo

Zebo

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  • Author
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I cannot locate the link on Ebay this morning. In January a MS61 1917 sold for $23,500 at Heritage. This one was a MS63 and sold for $3,730. 20k difference for a higher graded coin?

 

 

Star City Homer

Star City Homer

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A search of completed auctions didn't turn that one up. I'm guessing it was pulled, probably fraudulent as you noted.

brg5658

brg5658

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A search of completed auctions didn't turn that one up. I'm guessing it was pulled, probably fraudulent as you noted.

 

If it just ended yesterday, a search won't find it for at least 24 hours. "Completed" auctions on eBay are not populated until at least 24 hours after the auction closes...

 

-Brandon

Zebo

Zebo

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Auction ended on Monday, 4 May - still cannot find the completed auction. Had the link in my browser and that is missing now as well. Still wondering what happened.

Conder101

Conder101

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Ebay probably pulled it. You won't be able to find it with a search, you would have to have the auction number and even then all you will get is an "item not found" found page.

Zebo

Zebo

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Like I said - if its sounds to good to be real - it probably isn't. Too bad - that would have been quite a haul. Out of the sellers 32 positive transactions - none appeared to be coin related and most if not all was as a buyer - not a seller.

 

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