Pages:
Author

Topic: $50k Casascius Error Coin sold on eBay?? - page 2. (Read 550 times)

full member
Activity: 220
Merit: 100
November 29, 2017, 09:29:37 PM
#5
It didn’t actually sell.
Occasionally buyers back out of a sale and the item needs to be relisted.
I used to collect iPods (long story  Cheesy) and sellers used to sell the items on eBay for 5-10x the market price in the hopes of selling at least one to a poorly informed/new collector.
I assume the same thing is happening here. Bitcoin is gaining a lot of traction and mainstream adoption so it would be reasonable to suggest that more people are searching on sites like eBay for coins. It looks like the seller is just trying to take advantage of the price and turn a big profit considering you could buy close to 3 or 4 of those on here for that price.


But if you relist it, does it show as "sold"?  There is an option to search either for "Completed Listings," which would show unsold products, and "Sold Listings," which I assumed meant it actually sold.  But who knows because eBay is pretty stupid generally speaking.
hero member
Activity: 2268
Merit: 960
100% Deposit Match UP TO €5000!
November 29, 2017, 09:24:20 PM
#4
It didn’t actually sell.
Occasionally buyers back out of a sale and the item needs to be relisted.
I used to collect iPods (long story  Cheesy) and sellers used to sell the items on eBay for 5-10x the market price in the hopes of selling at least one to a poorly informed/new collector.
I assume the same thing is happening here. Bitcoin is gaining a lot of traction and mainstream adoption so you could assume that more people would be searching on sites like eBay for coins. Looks like the seller is just trying to take advantage of the price and turn a big profit considering that you could buy close to 3 or 4 of those on here for that price.


I thought that an error went for like 1.7ish BTC?
legendary
Activity: 3192
Merit: 1348
November 29, 2017, 09:22:55 PM
#3
It didn’t actually sell.
Occasionally buyers back out of a sale and the item needs to be relisted.
I used to collect iPods (long story  Cheesy) and sellers used to sell the items on eBay for 5-10x the market price in the hopes of selling at least one to a poorly informed/new collector.
I assume the same thing is happening here. Bitcoin is gaining a lot of traction and mainstream adoption so it would be reasonable to suggest that more people are searching on sites like eBay for coins. It looks like the seller is just trying to take advantage of the price and turn a big profit considering you could buy close to 3 or 4 of those on here for that price.
sr. member
Activity: 1928
Merit: 354
November 29, 2017, 09:16:48 PM
#2
Yep, its re-listed.
full member
Activity: 220
Merit: 100
November 29, 2017, 09:14:26 PM
#1
Anyone know anything about this one:

https://www.ebay.com/itm/Unredeemed-2011-Version-1-Casascius-1BTC-Physical-Bitcoin-with-Hologram-error-/292341122813?

It's showing as sold for $50k.  There is also a prior one that shows as sold for $35k.  I'm obviously suspicious if this was a legit sale or glitch or what. 

Pages:
Jump to: