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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.37-0.9%Dec 3 3:59 PM EST

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To: Glenn D. Rudolph who wrote (32098)1/1/1999 7:09:00 PM
From: Gary Walker  Read Replies (2) of 164684
 
>What did you buy?

I bought some coins this week via the e-bay site and 4 different people. Much trust required to send a $150 to someone you don't know. One fellow had no track record so I didn't bid.

Actually, it's fun and there's no other place to buy coins like this except through a professional house where the margins are whatever.

Again, I'll say that the site is terrific, the process fun, and it's a great concept for re-sale. However it's not a $10 billion cap stock and competition is developing.

Regarding prices, here's an example of let the buyer beware: Bid item 1858 Indian Penny uncirculated: Advertised as the second of a hoard purchased in the 70's to be auctioned. There's an entire history around the coin which is richly told by the seller. He/she sold one for $2505 last month, or so they said. End of the story: I found the same coin at retail for $1575 from an on line dealer!

Imagine how the guy who paid $2505 feels.

gw

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