coins on ebay .. a madness here.

Hi,

JFI -

As usual I've been watching some items on Ebay (gold or silver coins and ingots) each day.

2 sales I was following have just gone through, both silver coins.

Note the price of silver/oz at the moment is $16.26 (if you're a bullion bank or dealer). To we little folk it's $18 +.

Now, 1 of these coins was the 2006 Year of the Dog 1 oz pure silver specimen. It sold for $21.

The other was the 2007 Year of the Pig 1/2 oz pure silver proof. It sold for $52.21.


Ahhhhhhhhh you say. The proof coin is valuable because 'It's a collector's coin!'

But it can't be. The seller's Ebay description is at

http://cgi.ebay.com.au/ws/eBayISAPI.dll?ViewItem&rd=1&item=120111363094&ssPageName=STRK:MEWA:IT&ih=002


The Perth Mont's description of the Series is at http://www.perthmint.com.au/catalogue/year-of-the-pig-coloured-coins.aspx

At best it is a specimen, not a proof coin, and therefore is without restriction on the numbers minted.

And so, why would someone pay $52.21 for $9+ woth of silver with some colour on it?

Strange what people do thinking they're getting a bargain, eh.

wtf

dub

ps. it really is an interesting field to follow.