Opinions Needed: Ebay Seated Liberty Buying Strategy

Well then, looks like my next purchase will be from heritage auctions. OUCH!

Finding good deals on ebay is possible, but you should know what your
doing ....should do your research.

Jumping into the hobby and buying higher priced coins means there is
a good chance you will not get good deals.

Buying coins as a investment is very hard to do. You have to know
what the coins your buying will sell for, and find a system that will
let you buy as close to that price ..or less. Some dealers have trouble
doing that consistently.

Greysheet on a 1845 Seated dollar AU50 is $1275. A dealer would pay
a customer less than Greysheet, maybe in the $900 range.

Plus .. price guides ... are only guides. As others have posted you should
check sold auction listings, to find the range you should be at.

Coin collecting should be ..because you love coins. Yes you should learn
how to purchase coins at good prices. Most collectors hope that if and
when their coins get sold, it is at a profit or at least get what they paid for them. Many times when someone inherits a collection they take it to a coin
shop and take what ever is offered. Unless the coins were bought at a good
prices and/or held for a long time ... the offer a coin shop will make is much
less than was paid.

Mike - With respect, I think your next moves should be to study up and go to as many LCSs and coin shows as possible. It is best to learn a subject inside out before purchasing big ticket items.

MikeF and anyone else,

Quoting Another Member in Your Post

Quoting can also be done with the tags.

[quote]Fuzzy thanks for the suggestion on the quote box but it didn't work. I'm old school so I use ie for browsing. Perhaps that's why.[/quote]

results in this

I'm wondering how much eye-appeal factors into the selling price. The good thing about Heritage is that they leave a pic of the coin on their site long after the sale. There is a notable difference between the coin that sold for $1293 and the $1196. http://www.PCGScoinfacts.com/Coin/Detail/6931
Too bad there is no link to the ebay coins. My original offer was for $1450. The owner stated that he was taking a loss but $1500 was the best he could do. I'll post a pic when I get it. Hopefully there was no funny business with the photo.

The only way I'd pay $1450 for an AU50 1845 LS$1 right now is if the eye appeal were superior enough to warrant a CAC green bean. The series does have room for upward growth but demand is limited mostly to type collectors and a few diehard loyalists who have built or are building sets. I'm sure yours is a nice example & wish you would post some pictures of it here for us to drool over ;)

Passed on a solid G6 1846-O in a PCGS holder for $295 a couple nights ago, coin had good eye appeal in the grade, but I just didn't see enough of an upside to tie up the money.