| Author |
 Replies: 248 / Views: 23,636 |
|
|
|
|
Pillar of the Community
Canada
2845 Posts |
I wonder, are readers of this forum aware of what's known as "scarcity marketing"? If not, its how to motivate people to buy something they might not otherwise be interested in. Sometimes it's built upon the factor "if everyone else wants one, then I need it too". Other times its the desire to own something that others don't have. Often it results in owning something leading to the question "why the heck did I buy this?" Or you can google it.....but it's always worthwhile to examine our personal buying motives while having an awareness to various sales tactics that may otherwise go without notice. Just thought I'd mention it.  |
|
Pillar of the Community
Canada
814 Posts |
The 2016 PL error sets were my best sales of 2015 and 2016 combined.......paid 26 for them sold them for over 200 each....that's a good flip IMO......kept one for myself to add to my collection because I collect pl sets and the different varieties..
|
|
Pillar of the Community
Canada
2845 Posts |
Good for you Solidifier! I was hoping my order would contain a set but no such luck. However I will be watching for one, now that the initial excitement has died down. I know everyone doesn't see value in packaging errors of uncirculated sets but I suppose it depends on whether one collects them or not. There was a time when they generated a lot of enthusiasm because the sets, easily purchased at Canada Post, were the first glimpse into the coinage of the year, particularly if there were changes.
|
|
Pillar of the Community
Canada
6768 Posts |
Quote:
The 2016 PL error sets were my best sales of 2015 and 2016 combined.......paid 26 for them sold them for over 200 each....that's a good flip IMO......kept one for myself to add to my collection because I collect pl sets and the different varieties.. Congrats for this! This error added some spice into the standard set. And also some dollars to the Canadian collectors. I've been into 3 small POs, none of them heard about error or "Mint letter", all of them have 2 sets each and all 2016 dated Loonies. Btw, hope we will not see on ebay smart sellers, listed 2015 Loonie in 2*2 holder and signed "Extracted from 2016 set". |
|
Pillar of the Community
Canada
2845 Posts |
I just noticed the first one out of the gate has been relisted, same seller, same serial number. Second thoughts, mistaken that it was one of a kind or read here comments pertaining to what kind of idiots would buy them...:-( "Btw, hope we will not see on ebay smart sellers, listed 2015 Loonie in 2*2 holder and signed "Extracted from 2016 set"." Very funny Silveroid!  |
|
Pillar of the Community
Canada
5324 Posts |
Packaging errors are what they are, when you know there are many more being discovered almost daily, it's not one of a kind, if the market keeps selling at around 200.00 that's it value, I was offered one at the CAND for 70.00 said no thanks, I guess I'm wrong on this one, it's still a far cry from the person who paid over 6000.00 for the so called last penny roll or 20,000 and 18000 for the first two 2005 non mag p penny. In today's crappy market you can buy really marvelous errors for around 500.00 but good luck to both buyers and sellers.
Edited by john100
02/05/2016 10:43 am
|
|
Pillar of the Community
Canada
2845 Posts |
I can appreciate what you're saying John because you're not solely a NCLT collector. It was deragoatory comments that I noticed here and on another thread that smacks of, I'm going to use the word selfishness or jealousy because I can't think of anything better. Why - If flippers of NCLT make $$$ it's worn as badge of merit. Nobody directly insults NCLT buyers over a single ebay sale who pay for way overpricedly NCLT (that will likely fall as fast as it rose.) In fact it's perceived as a good thing, a reason to buy NCLT so it will go up on price. A pat on the back, a grand hurray. However most flippers do not buy Uncirculated Sets. If they had, the reaction toward an increase in value of the error sets would certainly have much different. A big double-standard is what I noticed, it seems to me. Edited by wildflowerAB
02/05/2016 11:24 am
|
|
Pillar of the Community
Canada
5324 Posts |
I was just trying to inform buyers that this type of errors are not worth close to the first selling price and the listing was a little untrue, with the 2005 non mag penny, talked to Eric from TCNC right after auction even he was amazed at the final price and the under bidder asked him to find another one, next few days another showed up and he brokered it for around 18,000, we all at the time heard rumours that a GTA dealer had a wack of them, he even thought at most this coin was worth 3000.00 at the time, now we know the Coin show guy is selling many graded units for 2500.00 and up, you just have to get informed. I bought a set of the big coin series I thought it was nicely done, but never expected the RCM to colour a version and overkill the theme. I also have no problems with flippers or dealers selling for what ever price as long as the listing is accurate, if you participate in auctions there is always a time where we all pay too much. Edited by john100
02/05/2016 11:55 am
|
|
Pillar of the Community
Canada
2845 Posts |
John, no need to explain yourself, your voice of experience is not whatsoever what I was referring to. It is what I perceive to be motivation beneath the double standard that I notice, pertaining to new RCM products (and possible errors) and critiquing (or celebrating) increases in their value. Edited by wildflowerAB
02/05/2016 12:10 pm
|
|
Pillar of the Community
Canada
2845 Posts |
Something quite different, RCM "New Releases" Chinese Lunar Calendar set - cupro nickel, gold plated, case - medallion, subscription series only - shipping only within Canada |
|
Pillar of the Community
Canada
3690 Posts |
Edited by CC-Ottawa
02/05/2016 5:42 pm
|
|
Pillar of the Community
Canada
2845 Posts |
Thanks for the information CC!
I should know that by now, seems everything has been done at least once before.
|
|
Pillar of the Community
Canada
2428 Posts |
a quote from the other 2016 thread many days ago... Quote:
Wouldn't surprise me the least bit if he/she returns it for a refund after seeing the price drop dramatically over the next few days for these packages
The Devil is in the detail for this sale. A quote from this thread today... Quote:
I just noticed the first one out of the gate has been relisted, same seller, same serial number. |
|
Pillar of the Community
Canada
1751 Posts |
Has enough time passed for a cancelled sale or return. This is the risk selling for a high price, once prices start to decline. Selling is not without its risks! Like the member who sold a graded coin, customer cracked it out, now he wants to return coin. ebay selling isn't for the faint of heart, no real way to protect yourself, in a changing market. |
|
Pillar of the Community
Canada
5324 Posts |
The main problem with the first listing was the heading, one of a kind,
|
|
|
Replies: 248 / Views: 23,636 |
|
First Page
Previous Page
Posted 02/04/2016 8:55 pm
