$1 mule sells for $13K

[stevo1962]

Been following Dollar mule sales and read on another forum that this coin has just been purchased for $13000 today. Believe it or not!

   http://www.ebay.com.au/itm/251233845480?

   http://www.coincommunity.com/forum/topic.asp?TOPIC_ID=142953

[markn]

That guy has more money than sense.  There are slabbed MS mules around for a lot less than that which are a much less risky proposition.  But he doesn't seem interested in buying the best coin, just buying coins for the most money.  Very strange.

[Robster]

Luckily I have more 'sense than money' although both are in very short supply.!! I could buy a whole bunch of EF pennies for that money, but to each his own.!!:angel:
A reasonably sensible man may say " A Mule and his money are easily parted"

[Bigfellani5]

Last unc mule I sold got $4.5k at roxburys auction. Sold a chunc about 4 years ago for $8.5k but market had dropped heaps since then

[accumulator]

If i were buying coins at $15,500 & $13,000 i certainly would'nt be blurting it out on the internet,just seems like a bit of a look at me ,look at me thing really.

[markn]

If i were buying coins at $15,500 & $13,000 i certainly would'nt be blurting it out on the internet,just seems like a bit of a look at me ,look at me thing really.

Hammer.  Nail.  Head.

[Goldseeker]

And ther buyer still has to fly to Newcastle to pickup the coin.

The same seller has had three "high profile Mules" up for sale on EBay.

If they are that good, why didn't he elect to go to an auction house?

[stevo1962]

And ther buyer still has to fly to Newcastle to pickup the coin.

The same seller has had three "high profile Mules" up for sale on EBay.

If they are that good, why didn't he elect to go to an auction house?

Because he's a numnuts

[Bigfellani5]

I know the seller is not me or anyone I know. Thort I knew everyone in newcastle!

[Goldseeker]

So does anyone know the buyer at all?

[notcb]

Hi,

Interestingly on the other forum the same buyer shanew, claims to have paid 15.5K for the 1977 50cents at Downie's Auction last week.

15.5K +20% is nudging 19K.   There's plenty of money out there!

Cheers

Peter (notcb)

[Fordprefect]

So does anyone know the buyer at all?

I'm a Newcastle chap, its not me.

In one of his earlier listings he had
as his Location as Main Arm.
That particular area is uninhabited swamp
and mangrove.
He could live anywhere.
The ducks and drakes he's been playing
with his listing's wouldn't surprise me if
he in fact only has Nice Images of the coins.
:nx::nx:

[enworb]

I have met the buyer. Actually met him at the downies auction where he won the 1977 50c for $15k. He also has many other strange coins. Accumulator summed him up in a nutshell just as mark pointed out. I suspect he does very little research into the coins he buys but has no problem forking out the money anyway.

[drakesterling]

I have met the buyer. Actually met him at the downies auction where he won the 1977 50c for $15k. He also has many other strange coins. Accumulator summed him up in a nutshell just as mark pointed out. I suspect he does very little research into the coins he buys but has no problem forking out the money anyway.

Was it the guy in the suit who also bid on the three pre-1955 proof coppers and a whole lot of post-55 proofs? He appeared to have spent more than the rest of the room combined.

[enworb]

No it wasnt him. It was a bloke who sat in the front row, shorts, polo shirt.

They guy youre referring to did seem to be the biggest bidder of the auction. He wanted those proofs no matter what.