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Title: Coin for Coin Post by: MimeFish3 on September 05, 2017, 02:00:20 PM I have a very rare 2008 South African Mandela coin that I want to trade for btc....feel welcome to bid, strating bid 0.5 btc
http://www.sacoin.co.za/wcr_april2012_2.html (http://www.sacoin.co.za/wcr_april2012_2.html) If finalized, 80% of winning bid will go into escrow untill coin is delivered Thank you kindly. Title: Re: Coin for Coin Post by: Rmcdermott927 on September 06, 2017, 12:10:04 AM Quote If finalized, 80% of winning bid will go into escrow untill coin is delivered And where does the other 20% go? The buyer holds it? Title: Re: Coin for Coin Post by: MimeFish3 on September 06, 2017, 06:39:09 AM [/quote] And where does the other 20% go? The buyer holds it? [/quote] I will post pictures a little later today. No, I will receive the other 20%....unless the bid is high. Then 90% can go into escrow. The coin has not been graded. I have two of them and one other rare R5 coin, but I dont want them "on the radar". Title: Re: Coin for Coin Post by: Rmcdermott927 on September 06, 2017, 11:11:45 PM And where does the other 20% go? The buyer holds it? [/quote] I will post pictures a little later today. No, I will receive the other 20%....unless the bid is high. Then 90% can go into escrow. The coin has not been graded. I have two of them and one other rare R5 coin, but I dont want them "on the radar". [/quote] That makes 0 sense and defeats the whole point of using escrow. If you decided to disappear, the buyer is still out 10-20% of the auction price. I have never heard of such a thing and honestly it sounds a bit suspicious. EDIT: Never mind. I just google the coin, they can be bought on eBay for about $20, so you're about $2300 off of a realistic price. |