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 Replies: 35 / Views: 4,500 |
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Valued Member
United States
294 Posts |
What I find at live auctions is that silver seems to be the big seller, in many cases going for way over melt. Gold goes at about melt. Bargains can be had when buying coppers, although wheat cents usually go high.
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Pillar of the Community
United States
1372 Posts |
If you search diligently, you can find real deals in teh BIN listings. In the past month, using my strategy of shopping only "buy it now" listings, I have purchased the following: 1838 Seated Liberty quarter in EF ... 79 dollars and change. Numismedia lists the coin at 660.00 in EF. 1838 Large cent in AU with 15 Indian head "pals" .... 52 dollars 1847 Large Cent AU ... 25 dollars 1852 Large Cent "woody" in EF .... 22 dollars. 1855 Large Cent "upright 5s" in AU and an 1841 LC in VG .... 35.72 1930-S Standing Liberty quarter ... AU-55 minimum ... 20.00 The best part .... is no agonizing for days. |
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New Member
United States
9 Posts |
I agree with most of you regarding ebay. Most of the buyers are over paying. I can't believe how high they bid up the coin when it still has 7 days to go! If they were smart, they'd wait until the last day and then start biding on the coin. They want to be the top bidder and that's all that seems to matter. Also, you need to watch out for the schill bidding; that's happened to me before. |
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Pillar of the Community
1028 Posts |
Quote:
If you search diligently, you can find real deals in teh BIN listings. first off, I wasn't sure if we were on speaking terms after that other thread.  The ones you've listed do sound like good deals to me. I don't visit the large cent or seated portions of the site so maybe there's more sensibility going on there. I do look at SLQs and I have never seen a value that good. My main focus areas are IHCs, early wheats, buffalos, BU Jeffs, washingtons, and roosies...and SLQs. I'm used to seeing $5 nickels or dimes with BIN $18.99 + $2.99 shipping and stuff like that. It's ridiculous. I have seen some fair looking (not underpriced, but correctly priced) collections or lots on BIN, but the cheaper stuff, sellers are just being patient waiting for some idiot to swing by and give em a home run. At least that's what I see in the areas I mentioned above. |
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Pillar of the Community
United States
1372 Posts |
We're fine ... The other thing about ebay searching that I didn't mention, is that if I put something on my watch list, and go back later to buy, and a bid has been placed. I just delete it from my watch list ad move on. There was a lot of 5 Barber halves last night that contained one of the tougher issues. It was worth 100 bucks or so more than the price for the entire lot. The "buy it now" price was 120 dollars, or 80 dollars to open the bidding. Somebody placed a bid, and I deleted it from my list. That listing will now close above the buy it now price. A lot of Morgans I didn't snap up for 350.00 ... brought 420.00 In almost every instance the final hammer price in open bidding, will exceed the buy it now at time of listing. Sounds to me like you're "browsing" ebay for coins. That's not exactly searching. Most of the deals I find, are not listed where they should be listed. The category I search is " US coins". I don't browse by sub category at all. The best example I can think of, is the 1850 Seated Liberty dollar I bought and sold a couple years ago. It was listed in "antiques, Silver, Coin Silver" ... right alongside the creamers and sugar bowls. I just did a search for us silver dollar across all categories. That's how I found that coin. 150 dollars buy it now. It slabbed AU58 by NGC. Chance Edited by Chancellor Sutler
11/08/2011 09:28 am
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Bedrock of the Community
United States
20753 Posts |
Met an old friend some time ago from school. He is working for an auction house. His job is to sit in the audiance and bid on items that are not going well. He is not the only one either. IF he or one of the others wins, that item just goes back up for auction some other day. If you go to auctions look for people that bid on almost everything. My son sells on ebay all the time. He has many friends from College that place bids on items just to make them go up in price. If they win, no big thing, they just wait and do it again some other day. As he said many kids in schools do this all the time. With ebay you may well be bidding against an entire class of kids in grade school. |
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Pillar of the Community
United States
1372 Posts |
Yep ... Bid rigging is a federal offense, but it goes on all the time. I never attend local estate auctions either. It's a sleazy business.
Chance
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Valued Member
 United States
404 Posts |
Just going by what justcarl said is exactly why you need to set your limit(which should include fees and taxes) and stick to it.
Bid with your head not over it!
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Pillar of the Community
United States
3540 Posts |
Attended an estate auction this past weekend. Two sale rings going on at the same time. Everything from the shop, house, vehicles, farm equipment, dishes...you name it.
I was interested in a mid sized safe. The first safe to sell was a 22 space Liberty gun safe - sold for $850 + 5% sales tax. About $300 over new. I did purchase the smaller safe for 237.50 (including tax). By chance, only one other person out of 250 were interested.
Best advice at any auction, set a price limit and stick with it.
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Valued Member
United States
421 Posts |
When I go to estate auctions I set my limit usually by bring the cash I want to spend. So I have to bid wisely. I also study if the auction has items listed to see what I want to go after. Sometimes it is a turn and burn. Buy junk silver and sell that day or buy and hold. If I am going for gold/silver jewelry mostly in the form of jewelry boxes ( mostly costume jewelry) but I do get a nice piece now and then. I take it to my local gold/silver buyer, have the stone removed and keep that and dump the rest of the ring or what ever. Some may say this is not cool, but it can be fast money when your in tough times.
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Pillar of the Community
1028 Posts |
Quote:Sounds to me like you're "browsing" ebay for coins. That's not exactly searching. Most of the deals I find, are not listed where they should be listed. The category I search is " US coins". I don't browse by sub category at all. That's true, I do browse, and not search. If a coin is listed where nobody who wants it then it might go for very low in auction style or BIN. Maybe I'll try your method. Quote:My son sells on ebay all the time. He has many friends from College that place bids on items just to make them go up in price. If they win, no big thing, they just wait and do it again some other day. As he said many kids in schools do this all the time. With ebay you may well be bidding against an entire class of kids in grade school. I don't know about grade school, but I've seen this happen many times before. This one seller had many many BU silver dimes and I noticed the same buyer was bidding the same amount on all of them on many of the same dates. Same buyer was back again next day and day after. The buyer had already pushed me up on two transactions. I got him back a little bit. I waited until his bids came in and I bid the exact same amount on every single auction so he was still the highest bidder and the next increment allowed was a little high. Some of them were still bought by others, but the "fake" buyer won many auctions that day and the seller was stuck with the seller fees. |
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New Member
34 Posts |
I was watching a nice 1/2 cent that I liked.Under a minute to go I wait until about 5 to 8 seconds left hit comfrim and lost out by 50 cents.Boy did I give the monitor hell
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New Member
34 Posts |
Does anyone believe that bid rigging isn't going on at ebay. |
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Pillar of the Community
1028 Posts |
Quote:Does anyone believe that bid rigging isn't going on at ebay. Nope. I think there is an important distinction with sellers, though. I believe most do not have any sort of bid rigging going on at all. However, the ones that do, probably do it a lot and especially any time they need an item to go higher. I have multiple accounts and have friends with accounts. It would be pretty easy for me to do it. I never have. On most of my auctions I have the starting bid be at a high enough level so that I wouldn't be upset if it only sold for that. I don't sell half my auctions, but I never let anyone hit a homerun off me either. Some of my items that are worth very little and I start at .99 I don't really care enough to want to rig them. The buyers that start all their auctions low are frequently guilty. All that bidding in the final 5 seconds for items currently well below their value. Some of that genuinely is other buyers trying to get a steal of it, but some of it is alternate account bidding protecting (although against ebay rules) against losses. |
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New Member
34 Posts |
hesgut this is HUMOR. Sellers say no way us buyers see it diferently :O)
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Replies: 35 / Views: 4,500 |
First Page
Posted 11/07/2011 10:43 pm
