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 Replies: 20 / Views: 2,739 |
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Rest in Peace
United States
18456 Posts |
If you want to buy common date Buffalos at mid circulated grades try bidding on e-bay . you'll be surprised at the great deals you can get .  |
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Valued Member
United States
422 Posts |
I use Red Book as a reference guide only. It is printed yearly and yes sellers want as much as they can get. |
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Pillar of the Community
United States
3210 Posts |
The main three things to use when buying coins are ebay sold prices, numismedia, and the greysheet. I use the RedBook as a reference for coin mintages and also as a checklist of coins that I have in my collection that are constantly updated and I do this every year a new RedBook comes out usually in April. Keeps me from buying multiple coins that I already have and I have a quick reference if needed. |
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Valued Member
 United States
54 Posts |
Thanks for all the responses, they are very helpful. The ebay advice makes sense, I hadn't known how to look for the sold prices so I googled it and that is really helpful. Bidding, yes, I never tried it but I might give it a go. I have not heard of a grey sheet. Can someone explain? |
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Pillar of the Community
United States
968 Posts |
Grey Sheet is a daily publication that the dealers use to figure out how much to buy a coin for and what to sell it at. It is sort of like the daily stock market price listings in a newspaper. It compiles data from a number of sources to come up with the average price a particular coin is being bought for. It doesn't directly tell a seller how much to charge for a coin, but they usually look at it when you ask the price of a coin and I'm pretty sure they are checking the buy price then adding whatever percentage markup they add to the price. Anyone can subscribe to this and you can also buy a one off of it which can be useful especially for coins that don't fluctuate in price much. ebay can have some great deals and some terrible ones. Auctions usually give you the best chance at a good deal, but sellers will sometimes list a coin as a buy it now with an unusually low price. Maybe because they don't really know what it is worth. |
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Pillar of the Community
United States
1309 Posts |
I use ebay as my shopping price guide. I go to completed items & look at lowest completed items of coins of choice & grade. It takes a lot of luck to get them as low pricing, best to buy during the daytime, and during the week. I avoid weekend auctions, especially into the evenings, sometimes liquor can run up the bidding. Best of luck! Edited by thecoinguy1964
10/26/2016 6:21 pm
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Valued Member
United States
54 Posts |
Looking at completed sales on ebay is really helping me understand the pricing better! Coinguy, it makes a lot of cents, liquor drivng up the price in the evening and on weekends! Thanks for the tip. |
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Moderator
 United States
188513 Posts |
I start with NumisMedia, which I generally regard as retail. I find it sufficient for lower end stuff, but I like to compare with completed ebay sales for the pricier items. |
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Rest in Peace
United States
7075 Posts |
Not sure if you really want to collect Buffalo nickels in F or XF, but if you are I would suggest finding a local coin show. Even if it isn't really close to where you live, you could do better by bundling several purchases with one dealer and making an offer. ebay sold prices are a great reference but there are good deals at the smaller coin shows. |
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Pillar of the Community
United States
533 Posts |
I do some "false" bids on ebay. Pick the coins I like and watch them to see what they sell for. figure out before hand what my max bid would be and then watch to see if it sells for more or less. Do that for a month or so and you get a good feel for how proces are going for the coins you want |
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Pillar of the Community
United States
1119 Posts |
be aware that for a given grade there are nice coins and not so nice coins too.
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Valued Member
United States
467 Posts |
LOL, I knew prices were higher on weekend nights on ebay, but I always just assumed it was a volume thing. I never thought of liquor!  |
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Pillar of the Community
United States
790 Posts |
What do you guys think of PCGS and NGC price guides? They use prices from auction houses, mostly, but it seems like they also at least consider ebay prices. Edited by twslisa
10/27/2016 06:42 am
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Pillar of the Community
United States
533 Posts |
I try to go 10% off PCGS as a rule but it depends on the coin. I have paid anywhere from 25% under to 10% over depending on what the coin looked like for the grade and how much I wanted it. But remember these prices are for certified coins so cut them even more for non certified
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Pillar of the Community
United States
1795 Posts |
Myself I watch ebay for prices of coins that I'm interested in but I really rely on this web site: http://www.numismedia.com/fmv/fmv.shtml This will at least give you an idea of what people are paying and I find it to be extremely helpful. By doing some homework you will find that you will be less apt to overspend. |
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Posted 10/25/2016 11:55 pm
