1969-S; Another ridiculous auction

[wavysteps2003]

I am sure that we all have seen the mechanical doubling associated with the 1969-S and although common, it still for some illogical reason continues to garner prices way above its appearent value. Maybe it is because of auctions like this that the 1969-S mechanically doubled cent are held in high esteem.

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=8431742369&ssPageName=STRK:MEWA:IT
1969-S/1969-S LINCOLN MEMORIAL CENT GEM MS66+ RED


It surprises me that a "top" e-bay seller would promote a coin such as this, but then again?

WAVYSTEPS2003

[Bob P]

This doesn't surprise me at all any more. This guy is used to selling old coins and stuff from the shipwreck Atocha, and probably hasn't a clue about this coin. He is selling based more on the MS66 grading versus the mechanical/ strike doubling. Even at that, I don't know where the grading comes from. Hopefully, the bidders know better.

[coop]

If someone buys that it will be another disaster from the SHIPWRECK EBAY....

[coppercoins]

Ebay is a very inexpensive advertising tool that doesn't require licensing or knowledge to operate. It also doesn't require that a seller research what they have before advertising. Being that, you should expect to see misinterpreted and misrepresented items there regularly. It has been happening for over ten years now, and will continue to happen for years to come, as long as venues like eBay exist. It should come as no surprise at all.

Two major points go into the auction shown in this thread. First,t he seller likely has nothing to do with Lincolns other than to sell them once in a great while. They've probably not spent fifteen seconds researching what they had. Second, there are no bidders on the item, which could go to show that the buyers are starting to become intelligent enough (as a whole) not to cater to this form of misadvertising.

My personal belief is that people like this should be policed out of business on ebay if they insist on being so complacent about accuracy of what they are selling - just like in law, ignorance is no excuse. I personally have lost almost all interest in eBay altogether because of such problems, and know others who have gone the same route. First three years I knew about eBay I was on it every day. Now it has gone to a point where I have spent probably three days browsing eBay over the last year.

[Bob P]

What Chuck said

[Mike]

Here's anouther one!
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=8431145347&rd=1&sspagename=STRK%3AMEWA%3AIT&rd=1
The guy does'nt want to educated about doubled dies. He thinks that a double die is nothing more than a double struck coin. Oh well Hopefully it won't sell and he gets to pay ebays featured plus listing fee for nothing.
I checked his feedback and he paid $40 for the roll!
It's sad but some guys got it coming!

Mike

[rollmeupabe]

Chuck, I agree with your assessment that Ebay buyers are getting more savvy about what they are buying. I even think prices on wheaties are starting to come back to earth. I bought a 5000 count bag a month ago that has been a treasure to search. REAL DDO's !!!!! Tonite I sold a 1941P DDO-001 for $42. I am not a grader but I think it was in about EF condition so the price is right in line with the values listed here. I was hoping the buyers would be more irrational but I recouped almost 25% of the cost of 5,000 pennies by selling one. Not a bad deal.

[rollmeupabe]

By the way I have about 100 of those 1969S DDO's for sale on Ebay. I will sell you all 100 of mine for the price of one ($49.95)on Ebay. This is the friends and family discount program. Did I mention the $49.95 shipping charge? These DDOs are a lot heavier than normal pennies due to the extra metal from the doubling process

[walkingdude]

[Bob P]

Unfortunately, we can't keep everyone from making a mistake. There are two bidders on the 69s Mike mentioned and sold by the guy who bought that roll. He/she can't spell, or enunciate either. He has made it a private auction as well. Over 6 bucks a shot will net him over 300 bucks if he sells them all.

[wavysteps2003]

While some people will not take the bait on the 1969-S machine doubling, others take the hook, line and sinker with glee, thinking that they are making such a great deal. For example, this auction:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=8433375452&ssPageName=STRK:MEWA:IT
1969 s lincoln double die obverse penny extra fine cond

This is why, as Chuck pointed out, E-bay is loosing customers; there are just to many scam artist out there trying to make a fast buck on worthless JUNK.

WAVYSTEPS2003

[eagames]

The one Mike noted is funny!
The seller paid $40 for a 69-s roll expecting to find a 100K coin and thinks he did and now he's offering it for a bargain.
On the bright side somebody will learn from it, if someone buys it they will learn and if nobody buys it the seller will learn he paid $40 for a $3 roll. Anyway this is a Win Win as they say, the buyer or seller will learn.

[Gabe]

Speaking about ridiculous auctions... here is a "once in a life-time opportunity". I have a feeling this guy knows exactly what these coins are worth, but is trying to scam someone from $200.

http://cgi.ebay.com/1960-DD-MINT-STATE-DUTCH-AUCTION-MUST-SEE_W0QQitemZ8433941170QQihZ021QQcategoryZ31373QQrdZ1QQcmdZViewItem

[eagames]

Gabe,

Yep that's a good one. It was a proof 60 but got it back as ms64... As if "proof" is a condition... Maybe it faded to be ms ; ) As if that rpm-1 is on proofs..... it looks like the pic is rpm-1 but he used the price of the SD/LD.. $200 instead of $19 in MS65 for rpm-1. Seems like an honest mistake... Hmmm he used private.... Seems like a bargain right!!! And a mix of apples oranges and bannanas Yum Yum!

Funny too about the 69-s strike double scams because books like Chucks book and the CPG all use them as examples of strike doubles mistaken for DDOs. I guess a lot more people buy coins than read books. Even PCGS says HA HA:
http://www.pcgs.com/articles/article3532.chtml