Sydney 2000 Olympic Games Coin Programme Medallion

Discussion in 'Silver Coins' started by kevalie, Mar 20, 2015.

  1. kevalie

    kevalie Member

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  2. trew

    trew Active Member Silver Stacker

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    Never seen it before

    definitely looks like a rare item but value would depend on demand


    one note is that it doesn't seem to say on the coin that it is solid silver - could be silver plated if it was just for advertising
     
  3. motorbikez

    motorbikez Member Silver Stacker

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    If you read the guys description it says only 25/30 were issued to invited guests and it weighs 54 gms he describes it as silver. But to be sure clarify it with him.

    I think it looks great and if it is solid silver would be worth biding on.
     
  4. IrvineShum

    IrvineShum New Member

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    too expensive

    not worth that too mu ch
     
  5. Miloman

    Miloman Active Member Silver Stacker

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    Hmmm....

    Same seller has listed a Maria Theresa Thaler for $399!!!!!!!

    http://www.ebay.com.au/itm/Historic...45?pt=LH_DefaultDomain_15&hash=item3aa5def7d5

    That's right, $399. I have uncirculated and circculated ones. They trade only a bit above spot.

    I'd recommend caution on ebay... I've seen lots of dummy bidding. I'm not saying this auction has dummy bidding mind you... but just consider the context of asking $399 for a MT Thaler.

    Plenty of people ask way over what something is worth. DYODD
     
  6. Altima

    Altima Well-Known Member Silver Stacker

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    I thought thuruna is a member on this forum?
     
  7. Miloman

    Miloman Active Member Silver Stacker

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    Yeah it's probable that the seller is a member. Does it matter?

    Looking at the listing again you have got to think that it's possible that someone could be mistaking it for a "kilo coin" not a odd 50gram piece.
    Afterall the title is "RARE Mini Silver Kilo Coin - Issued only at Launch of Sydney 2000 Olympic Games"

    Most of us here know that is meant to be an identical design to the kilo coin but someone sure could be mistaken.
     
  8. Gatito Bandito

    Gatito Bandito Active Member

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    Yeah, I'm no expert in these, but it appears to be a common restrike variety [III C S.F. (e) 1-3-1]..

    http://www.theresia.name/en/svariants.html


    In which case, certainly not worth anywhere near what he's asking..
     
  9. Gatito Bandito

    Gatito Bandito Active Member

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    All it takes is a single click of the mouse within a pop-up, quickly / conveniently bidding in $10 increments.

    I don't see anything abnormal with that..
     
  10. Gatito Bandito

    Gatito Bandito Active Member

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    Author search

    Your search returned no hits.
     
  11. hyphenated

    hyphenated Active Member

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    Looks like a 'nibbler' bidder - hasn't done their own research, is effectively using the high bidder as a sounding post - ends up competing for winning, not value - is a dream customer :D
     
  12. Gatito Bandito

    Gatito Bandito Active Member

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    Not necessarily..

    It could also be considered a way to bump somebody off, whether it's another potential bidder, the other guy -- or even himself.


    Bidder is slowly climbing up the ladder, without putting in that big-bang bid, in hopes to minimize the damage done to his wallet.

    As the bid climbs, it's pushing other potential bidders away, as it could be now out of their affordable price range.. Effectively knocking out some competition along the way, who might otherwise have become too emotionally-involved if they had managed to sneak a lower bid in earlier. Defense can be a good offense.


    Or, he's trying to bump out the guy with the higher bid, to see if maybe the other guy possibly put in his max bid.


    Finally, he could be intentionally bumping *himself* out of the running. He knows his affordable max limit, but doesn't want to end up paying more than he potentially would, as a 3rd bidder could come in & bump up to (but not exceed) his max limit.. IOW, nibbler-bidder knows he could still win the prize, on the off-chance, but ends up paying more than might have otherwise. This way, however, once he reaches his max limit, he knows he's out, and will move onto something else.


    In any of the above 3 scenarios, oftentimes the auction closes not with a bang, but with a whimper. And "quiet" near the end of a listing can certainly win these sometimes.

    Not to mention, of course, that nibbler-bidder has now pushed higher-bidder to commit more money -- thereby reducing the amount available for another listing by that much more. And that might come in handy for nibbler-bidder. ;)


    Hopefully that all makes sense, LOL.

    But never automatically assume anything about bids, as one truly never knows the desire/motivation/strategy/budget, except the bidder, himself..
     

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