This was posted 11 years 7 months 17 days ago, and might be an out-dated deal.

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Get a $2 Coin for $1 - thenile.com.au

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Get a $2 Coin for $1 - thenile.com.au
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stralya on 14/05/2013 - 23:24 facebook.com (1666 clicks)
Last edited 14/05/2013 - 23:45

OZBARGAINED in 20 minutes

This is probably the weirdest promo I've seen in a while. The Nile is offering a $2 coin for $1. Seems genuine enough.

From their Facebook page:
We are currently selling $2 coins for $1 on our eBay page! No really
http://cgi.ebay.com.au/ws/eBayISAPI.dll?ViewItem&item=261215…

I've linked the Facebook URL as I can't seem to post the ebay url

Edit: Limit 1 per customer

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The Nile
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closed Comments

  • [Deactivated] on 14/05/2013 - 23:25
    +1

    Obviously thenile.com.au are getting financial lessons from Wayne Swan. By time they pay eBay and PayPal fees they are losing more than a buck

    Using my 7 eBay account will net me $7 profit. You little ripper

    Is it illegal to send tender through the postage system?

    Interestingly you can enter a lot more than one in quantity….

    This will be ozbargained by midnight for sure.

    This definitely makes up for the scrapping of the baby bonus.

    • jv on 15/05/2013 - 00:04
      +19

      Is it illegal to send tender through the postage system?

      If it was, our jails would be full of coin collectors…

      • killergreely on 15/05/2013 - 07:25

        I was under the impression that selling bank notes and coins wasn't exactly legal.

        • Bren20 on 15/05/2013 - 10:00

          It doesn't really matter if something's illegal, it's more pertinent as to if it's enforced. Even if it is illegal, I doubt that the feds are gonna care about someone selling 100 $2 coins for $1.

        • BrisbaneBargainer on 16/05/2013 - 14:37

          They do sell Old Currency Notes for a higher price. See no reason why they cannot sell $2 coins.

    • nephilim on 15/05/2013 - 01:29
      +7

      Why do you have 7 ebay accounts? O.o

      • [Deactivated] on 15/05/2013 - 01:36
        +4

        To make $7 in 7 minutes. Simple

    • [Deactivated] on 15/05/2013 - 12:55
      +9

      They spent around $100 to reach an audience of tens of thousands, and they are still on the front page of Ozbargain.

      You might be great at analysing basic mathematics, but you aren't so good with your comprehension of marketing. Look, I am talking about a company right now for free. They won.

  • ur2dads on 14/05/2013 - 23:29
    +7

    Definitely one of the most bizarre promotions I've come across, but a dollar is a dollar.

    inb4ozbargained

  • cpho on 14/05/2013 - 23:31
    +1

    That was the weirdest dollar I've ever gotten..
    Also, I'm not sure how it's a stimulus. The money all went to eBay/Paypal in fees, so, it didn't stimulate very much in terms of the multiplier effect…

  • stralya on 14/05/2013 - 23:33

    Wow! 22 sold in the 9 minutes since I posted this.

  • qtvinsta on 14/05/2013 - 23:33

    wow thanks… hmmm can get myself two soft serves at hungrys

    • cpho on 14/05/2013 - 23:42

      Orrr, 3 at Maccas :D

  • GreenGuava on 14/05/2013 - 23:34
    +40

    My guess is that they're trying to bump their eBay feedback rating up above 99%

    • hashtagbargain on 14/05/2013 - 23:41
      +2

      This seems to be the most plausible explanation. Thanks GreenGuava.

      • hahaboy on 14/05/2013 - 23:59

        also could be a marketing stunt to get their store attention?

    • tomclancy on 15/05/2013 - 00:25
      +1

      Or maybe they hope you reinvest your money with them - after reading this: http://tinyurl.com/cug7uhf

      But then it got OzBargained…

      • The Gent on 15/05/2013 - 02:05
        +1

        Cool read, cheers for that, apate

  • simprosimple on 14/05/2013 - 23:35
    +12

    Is the $2 coin Brand New or Used? I'm sure Officeworks have plenty of $2 coins to Price-Match $0.95

    • cpho on 14/05/2013 - 23:43
      +4

      Can I pay for it with my ING Card?

  • rukia on 14/05/2013 - 23:35
    +1

    Wonder what the purpose of this is? Buying feedback on ebay? Not only do they lose $1, but they also have to pay ebay fees, paypal fees and the postage fee.

    • simprosimple on 14/05/2013 - 23:42
      +2

      they only pay a fixed monthly fee to post unlimited items on eBay for high amount seller… They don't care about the paypal fees and the postage fee which is only about $0.75-$0.8, so they losing $1.75-$1.8 each transaction… But it's good for bump their eBay feedback rating and advertisement frame, which is still lower cost for them than those free shipped sample and $5 off min spend voucher

  • TheAviator on 14/05/2013 - 23:36

    WHAT THE?!

  • wbeer on 14/05/2013 - 23:38
    +9

    If I needed to launder alot of $2 coins from the comfort of my own home - this is probably how i would do it.

    • CH on 15/05/2013 - 00:36
      +1

      And there were guys on the news today attacking ticket vending machines with giant grinders.

  • alvian on 14/05/2013 - 23:39
    +3

    Subsidy for Big-W's soft cover photobook, was $1, now free.

  • Macgyver on 14/05/2013 - 23:40

    Is it really safe to buy? I mean really why give people money?

  • [Deactivated] on 14/05/2013 - 23:40

    getting rid of drug money…

  • Biggie on 14/05/2013 - 23:41
    +5

    its obvious they are trying to buy positive feedback for their ebay site. Their feedback is down below 98.5%, so Im guessing they are assuming if they can spend a little money for a $1 per vote, they'll do it

    "If you're happy with your order & service you received, we would love to get 5 star feedback from you :)"

    • Plasma Ball on 16/05/2013 - 00:20

      Isn't anything above 90% feedback meant to be good?

      • GreenGuava on 16/05/2013 - 23:14

        Not when your competitors have higher feedback than you. Sometimes, feedback is the only point of differentiation that buyers have to decide between eBay sellers.

  • keithality on 14/05/2013 - 23:42
    +2

    It's purchases like these that I wish ebay had Amazon's "Buy with 1-Click"

  • wtfnodeal on 14/05/2013 - 23:43

    Collector's edition coin?

  • Macgyver on 14/05/2013 - 23:43

    3 available / 98 sold

    Get in there.

  • TheAviator on 14/05/2013 - 23:43

    And OZBargained

  • alvian on 14/05/2013 - 23:44

    Transaction Blocked
    • Sorry, this item may no longer be available.

    What is going on? Expired already?

    • Macgyver on 14/05/2013 - 23:45
      +1

      Yeah

  • adhin on 14/05/2013 - 23:45

    Expired. Only had 101.

  • justcallmeboss on 14/05/2013 - 23:45
    +5

    Haha this is the most profitable purchase I have made in my life.

  • itsfree on 14/05/2013 - 23:47
    +1

    Well, now we can officially declare the guy who said "There's no such thing as a free lunch" as wrong…

  • UJ on 14/05/2013 - 23:47

    Already sold out? Seems like they prepared 50X$2Coins…

    anyway, I got one. Thanks!

  • LadyCocoa1234 on 14/05/2013 - 23:48

    i got my $2… cheers… :-)

  • adhin on 14/05/2013 - 23:48
    +5

    It was posted on their facebook page 8 hours ago but didn't sell. As soon as it hits OzBargain…

    • [Deactivated] on 14/05/2013 - 23:51
      +4

      Their Facebook followers were to busy reading 50 shades of grey. Ozbargainers don't have time to read.

  • [Deactivated] on 14/05/2013 - 23:50

    Maths is not my forte but I reckon they will need to sell more than 101 coins to get above 99% positive feedback and also assume everyone will even leave feedback.

    • stralya on 14/05/2013 - 23:52
      +2

      Actually, they need only about 60 to get to 99%

      • [Deactivated] on 14/05/2013 - 23:54

        Ok thanks. As I said maths is not my strength but I do know a 100% return on investment tax free bargain when I see one.

        Or is that 200%. I don't know. What I know can say for sure is that I doubled my money.

      • stralya on 14/05/2013 - 23:59
        +1

        Edit: My poor math. They need 1266 +ve votes to get them over 99%. TightBottom, you were right.

        • [Deactivated] on 15/05/2013 - 00:16
          +1

          TightBottom, you were right.

          For once in my life. If mrs tightbottom ever says that to me I will give her the $1

        • jimwyze on 15/05/2013 - 02:11

          I'm sure I had something for this…

  • edmobile8 on 14/05/2013 - 23:52

    expired

    • [Deactivated] on 14/05/2013 - 23:53

      Yep! And well before midnight.

  • Roary on 14/05/2013 - 23:54
    +1

    Lotsa bad feedback for them
    http://feedback.ebay.com.au/ws/eBayISAPI.dll?ViewFeedback2&u…

    • jv on 15/05/2013 - 00:30
      +8

      Sent wrong item, didn't get what I paid for.

      Hmmmm… I can see some 50c pieces arriving in the mail soon…

      • moooooooo on 15/05/2013 - 01:51
        +1

        Or even worse … a New Zealand dollar.

  • Hintswen on 14/05/2013 - 23:56

    wow missed it.

  • cheaty on 14/05/2013 - 23:57

    —-deleted—-

  • jv on 15/05/2013 - 00:07
    +14

    I might leave them -ve feedback so they can go through this exercise again…

    • [Deactivated] on 15/05/2013 - 00:21
      +3

      And by then I reckon I can register 101 eBay accounts and develop an app to auto bid. Mwahahaha

    • jimwyze on 15/05/2013 - 02:13

      haha, is that taking the ozbargain spirit too far? reverse bargain psychology

  • strat on 15/05/2013 - 00:27

    looks like they want to try fix feedback on that ebay account.. by offering $2 for $1 and hoping everyone leaves 5 star rating.

    • [Deactivated] on 15/05/2013 - 00:48

      You just hit the nail on the head. Others were thinking it but not game enough to say it.

  • f38r1 on 15/05/2013 - 09:55

    The craziest deal I ever seen! 100% profit!

  • dtc on 15/05/2013 - 10:30

    Do you have to pay captial gains tax? After all, you invested $1 and sold it for $2

  • sim36 on 15/05/2013 - 13:08

    real cheap marketing

  • Baghern on 15/05/2013 - 13:55

    Lets see if more than 1.5 of the buyers are dissatisfied…

  • DEvok on 15/05/2013 - 16:46

    Thought I saw thebluenile buy one get one free.
    il be dammed even the logos blue lol.

  • GreenGuava on 17/05/2013 - 16:02

    Got my $2 coin in the mail today, as well as a $5 gift code. I'll five star to that! :)

    http://files.ozbargain.com.au/upload/15582/16403/img_2013051…

    • embersfall on 20/05/2013 - 19:24

      Indeed! Used my $5 gift card already!

  • peterk on 20/05/2013 - 12:36
    +1

    Received my $2 letter in the post today.

    The envelope was opened and $2 was missing

    Is there anyway we can track where it went missing?

    http://i.imgur.com/YSLI0gC.jpg

  • thydzik on 21/05/2013 - 09:39
    -1

    received all mine yesterday.

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