Jeez, Anyone Bidding?

[Paulus 1,942]

http://www.ebay.co.uk/itm/141205256170?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1423.l2648

(it was at £7k ish when I posted)

Edited March 9, 2014 by Paulus

[Nordle11 564]

Wow from 99p start, nice. Watching this one count down..

[Paulus 1,942]

One of the biggest eBay coin sales I have seen, and maybe (?) shows that specialist items can be sold through this channel, I have no idea whether the price was a good one for the buyer or seller though ... it sure was for eBay!

[Rob 2,998]

Why?

[Paulus 1,942]

Why?

My comment was merely that this was the highest priced coin I had seen sold on eBay, probably not a record though, and that for zero cost eBay have a very nice commission on it! Any take on whether the buyer got a it for a good price, I have no idea!

[Peckris 579]

25 grand!!

Hope it was a serious bid..

[Nordle11 564]

25 grand!!

Hope it was a serious bid..

There were 2 bids in the last minute so if not then second chance offer would probably be safe anyway

[Rob 2,998]

My why? was directed at anybody who would even think about bidding £25K for a London short cross. The Lichfield cl.2 short cross would only sell for between 5 & 10K in all probability, so why take a London mint short cross and bid it to these levels unless someone is taking the p***. I'll have a fiver on it not completing. If it does, they can afford to buy their own sanitorium.

[Paulus 1,942]

At various price points there seems to be some irrational upward pressure on realised coin values at auction in the last few months, in many if not all markets, I could very well be wrong ... any dealers care to comment? I have no empirical evidence, just a sense of increased demand and price inflation? Happy to be shot down!

[jaggy 528]

At various price points there seems to be some irrational upward pressure on realised coin values at auction in the last few months, in many if not all markets, I could very well be wrong ... any dealers care to comment? I have no empirical evidence, just a sense of increased demand and price inflation? Happy to be shot down!

I posted this on another thread. I had a chat with a Bonhams main board director last week. He commented that, at this point in time, coins are seen as a store of value and are attracting investors rather than collectors and that this was one of the reasons for the strength of the market.

[Rob 2,998]

This is £25K for a sub-£100 coin. No argument about stores of wealth is going to hold in cases like this unless you are referring to someone storing their wealth at Saxby's

[Paulus 1,942]

This is £25K for a sub-£100 coin. No argument about stores of wealth is going to hold in cases like this unless you are referring to someone storing their wealth at Saxby's

A sub-£100 coin Rob going for £25k +, is that right? Like I said I have no idea, but if what you say is true that is very extreme!!!!

[jaggy 528]

I have no idea what this particular coin is worth. It is outside my area of expertise and interest. What I was doing was passing on the perspective of someone who is in the 'auction business' and who, presumably, has a decent idea of the dynamics in that market. Yours to do with what you will.

[Paulus 1,942]

I have no idea what this particular coin is worth. It is outside my area of expertise and interest. What I was doing was passing on the perspective of someone who is in the 'auction business' and who, presumably, has a decent idea of the dynamics in that market. Yours to do with what you will.

I am sensing that this is a great time for collectors, buyers, sellers, dealers and investors, the market feels so buoyant!

[HistoricCoinage 115]

The reason for this was artificial bids. The coin is not Richard I but Henry III. Saxby's are always selling coins misdescribed and commit fraud each week. I suspect that this coin was picked out as one example to make a point to Benjamin Stocks. but I await to see.

[HistoricCoinage 115]

Yep, a simple search revealed that there are countless people wanting to stop Saxby's ripping £1000s off people each weeks so they deliberately bid up this to make a point and then cancelled the purchase.

[brg5658 111]

This tactic has become very popular here in the USA also as of late. We call it "nuking" the auction -- bidding so laughably high that no poor chap who would have put in a real bid would get stuck with such a coin.

[HistoricCoinage 115]

The reason for this was artificial bids. The coin is not Richard I but Henry III. Saxby's are always selling coins misdescribed and commit fraud each week. I suspect that this coin was picked out as one example to make a point to Benjamin Stocks. but I await to see.

Yep, a simple search revealed that there are countless people wanting to stop Saxby's ripping £1000s off people each weeks so they deliberately bid up this to make a point and then cancelled the purchase.

Just before I receive another legal threat from Mr Stocks regarding 'defamation', these statements are true. I provide some further case studies of misidentification for Saxby's financial gain here:

Common class 10 Edward I farthing listed as one of Edward IV.

What looks to be a Henry V penny listed as Richard III.

Richard II penny of York listed as Richard III halfpenny.

And the list goes on...

[azda 973]

Has he got his eye on you Clive. Was it last week when i bidded up the Chas I triple Unite that some ebay scroat had grabbed the picture from buckscoins, i think i topped out at 20 grand before it was removed

[HistoricCoinage 115]

Has he got his eye on you Clive.

We had a run-in several years back. Nothing came of it.

Yes, I remember the triple unite - thankfully it got removed.

[HistoricCoinage 115]

The threatening messages have already started...

He's also had the cheek to second chance it to several underbidders!

[azda 973]

Lol, feel free to post them Clive. If you did'nt bid why is he threatening and what?

[rpeddie 119]

1kg gold bullion bars seem to be the favorite scam listings in the last few days

[Rob 2,998]

How often does he get reported to eBay for incorrect or misleading descriptions? Presumably reasonably frequently, but I assume nothing gets done on account of the large amount of cash that eBay make through his listings. An occasional wrong description will happen to everyone at some point because of copy and paste fouling up, but when they default to the more expensive option it would be unreasonable to assume an accidental error. This guy is so bad he would even list a mangled1967 penny as Richard III.

I remember when he first started on eBay and quickly noted that description and grade were normally at odds with my own assessment. I see nothing has changed in the last 10 years and is still a by-word for a seller to avoid. On the plus side, nobody is useless - they can always be used as a bad example. He could really up his game if he sub-contracted the identification bit, and the grading bit, and the description bit........Everything is graded very good or very fine or especially fine ( that's Extremely Fine to coinies). Remarkably, fine doesn't seem to exist as a grade in his listings. It's all very depressing.

[HistoricCoinage 115]

Lol, feel free to post them Clive. If you did'nt bid why is he threatening and what?

He's not threatening me yet, but he's threatening the bidders who inflated the price with legal action. He has no leg to stand on but it's amusing watching him squirm.

Just one of his messages to the winning bidder:

"Your antics will be reported, i have the message you sent prior so ebay will know you intentionally interfeared with an auction, this is a serious breach of ebay policy, anyone else you got involved with this will also be dealt with the same way, ile be getting you removed from ebay permenantly as with the other ebay members who joined your stupid idiotic interfearance, that will then of course be on you. I now of course also have your address details to send a court summons for costs and damages, Well done. Fool"