1988 1989 $2 coin with HH initials

[echocollector]

How much longer is ebay going to allow people to list a $2 coin worth $2 for as much as $14,000, and there are many of them. Some fools have already paid $1000's for a coin that has a total mintage of 190,000,000 being a quarter of all coins minted in Australia. It is only worth $2. People are being mislead that because it has the initial HH stamped into the obverse that it is somehow rare. Buyers beware.

[sandypebbles]

You would need to ask eBay

And those willing to pay obscene amounts for something so widely reported as being worth squat

Anyone parting with that kind of money can’t care too much if the do not bother to do even the slightest basic research because of what  ‘an eBay ad said’ 

Buyer beware, buyers also need to have some basic common sense

Would the same people buy a million dollar yacht before making sure it was a real yacht and not a bath toy?

[papermoon.lady]

There was a similar thread some time ago: 1988 $2 coins with stamped HH - The eBay Community

I agree with Sandy that before spending an exorbitant sum of money on an item, buyers should do some research. Before the Internet, it was more difficult, but now it should be easy to find out more about what one is buying. Unfortunately, it is also possible that many sellers themselves have no idea that they are selling something worthless.

[gutterpunkz05]

Some people use existing ebay listings, to ascertain the value of their items, the problem is ebay is not a valuation service.  Yes you can ascertain what your competitors are listing items for and at what price items are actually selling, but that does not equate to an actual valuation.

A single, rice crisp, paper clip, twistie, nutri grain, etc etc  etc,  have all sold for thousands

Not to forget,  a piece of toast and a piece of grilled cheese, both with images resembling JC (apparently)

Now what do they say about a fool and their money!!   Actually I probably fall into the fool category, as I often just give money away, but to me it is worth every cent

[ratman0100]

If they want to spend money on things like that I say let them be. Its up to them if they wish to buy or not.

[springyzone]

Maybe it's just me (and obviously my fellow boardies as well) but if any of us decided to part with $14,000 for a coin, we would probably do a basic search to find out something about the coin and its value.

In fact, I would have thought only serious collectors would pay thousands for a coin and I'd expect a serious collector to have a working knowledge of values or know how to find out.

But if someone wishes to list an item at an inflated price, I can't see that that is ebay's place to intervene. Ebay isn't in the business of doing valuations. You'll often see the same item on ebay at different prices.

If we were talking of a necessity in short supply, different.

Ebay jumped in with toilet paper profiteers and hand sanitiser rip offs etc

But coins are a hobby, not a necessity. Yes, it is buyer beware but you can't force people to be sensible with their money.

[thc9]

Too long and the process to object is rubbish. The practice of blatantly trying to rip off a buyer seems to sit well with eBay who pick up almost 14% should a scam occur.
I find it disgusting that these listing are still in the system.

[thc9]

Yes a fool and his money are easily parted but that does not excuse eBay from being the facilitator.

[thc9]

"Ebay jumped in with toilet paper profiteers and hand sanitiser rip offs"

It depends on what you are ripping people off for?

Strange.
So eBay does facilitate rip offs as long as the rip off is not an essential.
Toilet papaer and sanitiser - what ever happened to supply and demand? Are these items outside that philosophy?
What you are saying is - When it is a blatant rip off then eBay has no public obligation to regulate its platform?Nice.

[thc9]

"But if someone wishes to list an item at an inflated price....."
It is not just an inflated price it is a price based on the fraudulent claim that these are actually rare when they are in fact extremely common. I do not know where it started but it started as a 'scam'. Convince people it is rare and fleece them.

Some one, some where, is likely to have paid big for a $2 coin.
It lacks moral fibre and should eBay be supporting that type of selling. Of course not but they do because they score 13-14%.
Are these the type of sellers you want being attracted to the platform; sad if you think yes.
It is bad enough the marketplace is full of cheap knock offs without fraudulent selling of common items as rarities.
Blame the buyer and we encourage a world of corrupt sellers looking to put one over on the unsuspecting.

Kudos to those buyers who go through these listing bidding and not paying.