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Look at the bidders. It's a bidding war between 2 bidders with more money than smarts.

A 3rd bidder stopped at $45.

 I have 3 gold letter I-12s on the shelf. Would be lucky to get what I paid for them. A 4th gold lettered I-12 was 2 railed and changed to white lettering before Lionel came out with the white lettering.

 

JoeW

Ebay, in general, is full of examples of overpaying by buyers who "just gotta have it". I watch for certain items to show up and eventually most things do pass through that venue for those of us who are patient, but often times they sell for more than I'm willing to bid. I sometimes get a "bargain", at least in my own mind, and maybe someone else will think me the crazy guy who overpaid. Vicious cycle.

 

Bob

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