Strange auction prices on Kew 50p coins

[Davethepitch]

I have noticed on occasions that an average looking Kew 50p may sell for say £50 plus and yet some in excellent condition sell for around £35.

When I was into RC helicopters some people on there were paying the same second hand as a brand new item.

I just cannot  see any logic or pattern in the way people decide how much to pay.

Dave

Edited June 17, 2016 by Davethepitch

[Nutsaboutcoins]

I guess it reiterates the saying "something is worth what someone is willing to pay" there is no logic especially on eBay.

Ian..

[Davethepitch]

I have seen a few on a popular auction site clearly stating they are fakes and people have paid decent money for them. 

Edited July 6, 2016 by Davethepitch

[DaveG38]

On 06/07/2016 at 6:03 PM, Davethepitch said:

I have seen a few on a popular auction site clearly stating they are fakes and people have paid decent money for them. 

Ali Baba can fake just about anything for you, and a 50p coin is very cheap.

[copper123]

yes i remember that mine only got £30 or so in a-unc and worse coins were fetching £40 + very strange - you get that when people that know nothing about coins buy them though dont you.

[Davethepitch]

20 hours ago, copper123 said:

yes i remember that mine only got £30 or so in a-unc and worse coins were fetching £40 + very strange

I have noticed that loads of times and i have seen really poor quality ones fetch good money and nice ones less and i cannot understand the logic of people.

[copper123]

And I still say there was some kind of fiddle going on with both the kew gardens coins and the undated 20p coins....

[Davethepitch]

£30 plus paid for a copy what's up with some people.

[Rob]

1 hour ago, Davethepitch said:

£30 plus paid for a copy what's up with some people.

They're human. If uncertain, greed will usually win out.

[richtips86]

On 9 July 2016 at 8:05 PM, copper123 said:

And I still say there was some kind of fiddle going on with both the kew gardens coins and the undated 20p coins....

Albeit both Kew and the undated 20p only returned a profit on the secondary market, I've come around to this conclusion, added to that the dodgy press releases i.e the HMS Belfast release, to boost up interest / sow the idea that they're investment pieces amongst the public and then you generate sales from the RM in the hope/expectation, coupled with the sheer number of commemoratives that have been released this year and you've got a good income generator!

sorry for the poor grammar, I've had one or two Fursty Ferrets!

[copper123]

On 16/07/2016 at 7:09 PM, richtips86 said:

Albeit both Kew and the undated 20p only returned a profit on the secondary market, I've come around to this conclusion, added to that the dodgy press releases i.e the HMS Belfast release, to boost up interest / sow the idea that they're investment pieces amongst the public and then you generate sales from the RM in the hope/expectation, coupled with the sheer number of commemoratives that have been released this year and you've got a good income generator!

sorry for the poor grammar, I've had one or two Fursty Ferrets!

Not down your pants i hope LOL

[copper123]

I still think someone built up a large stock of these two coins then publicised them to death and made a killing .

Someone out there knows the truth .

It will come out someday

[copper123]

By the ways is a fursty ferret a yorkshire or lancashire ferret?

In the brewing sense I mean

[Rob]

4 minutes ago, copper123 said:

By the ways is a fursty ferret a yorkshire or lancashire ferret?

In the brewing sense I mean

A Dorset one.

[copper123]

A corffe castle ferret then

[Rob]

Nope. Blandford Forum. And Corfe only has one f.