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 Replies: 53 / Views: 8,121 |
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Pillar of the Community
Australia
7096 Posts |
If you expect to buy coins at ridiculously low prices all the time then YES ebay can be boring. As for the sellers that have outrageous buy it now prices then just ignore them like everyone else does. Personally I don't find ebay boring at all, sometimes you do get a coin super cheap but normally you get it at fair market value which is just fine with me. I enjoy hunting down the coins I want and the bidding competition with other buyers just ads to the fun  |
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Valued Member
Canada
127 Posts |
Upc239- I am a low volume/hobbyist seller as well and my best advice to you would be no auctions, especially if you have a decent amount of seller feedback. I started off with auctions to build feedback when I was new, and boy was I upset. Every now and then I do an auction and I almost never break even.
While it is a slower time of year were getting into, I find if you have a variety of BIN listings available you will sell quite well. I average about a sale a day, mostly low value coins I sell from my collection to fund larger graded coins.
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Valued Member
Canada
413 Posts |
As a buyer I find that even if a seller does not have a Best Offer on his listing I will often email (ask a question) him/her an offer usually based on the average sale price in Coins & Currency - many accept. If their listing is in US funds, I will make my offer in Cdn funds. However the exchange rate used in ebay listings is different than the rate charged by Paypal and that is just wrong. Had a pretty good week, picked up a few dollars - a raw EF 1945 BIN, a ICCS MS60 1955 w Die Break (emailed offer) and today a ICCS MS60 1947 BL7 best offer. Of course now I'm broke but I used to drink and be broke, this addiction is much more fun...  |
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Valued Member
Canada
127 Posts |
Congrats on the coins lucv. I know the feeling of getting deals and then the broke feeling, but it's worth it lol. I picked up a 1955 arn die break myself about a month ago in MS64 for 350 bucks :)
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Pillar of the Community
 Canada
5400 Posts |
As a seller who uses ebay as one of our selling platforms , we just list it and forget it and never panic. If we do not get our usually well thought out BIN price it just stays in the ebay store. The very least you get out of it is cheap advertising. Over the past 16 years we have been selling on ebay the positives well out weigh the negatives. We have sold stuff on ebay that would NEVER sell in a bricks and mortar shop. There is one observation I will make and it is somewhat controversial. Canadians are for the most part ( yes I Am A Canuck ) notoriously poor coin buyers and have a bad reputation as such in the Coin World. I attend enough US and International coin shows , dealers shops and other venues and this is the same feedback I get over and over. Simply put Canadians just do not pay up for their own coins. The reasons are many , amongst them are poor exchange rate on the Loonie , heavy taxation, expensive shipping rates from / to Canada. Another reason is that there are NOT that many heavy hitter buyers of Canadian coins. If you ranked the top ten hottest countries to collect better coins from you will not find Canada on that list. I am willing to bet that on our CCF forum there are very very few who have ever bought a single numismatic classic Canadian coin for more than a few hundred dollars. Even fewer would be the number who have spent more than a thousand at a numismatic auction anywhere on the planet. Look at our numismatic publications , you have the Canadian Coin News which struggles on , but admittedly has improved lately. Trends never change. Very few dealers advertise. You have the excellent RCNA journal . Admittedly I am not a member but do have access to the journal. Also there is the yearly Charlton publications. Other than that not a lot unfortunately. Not slamming anyone it is just the way it is. Love to hear some constructive feedback? Edited by Pacificoin
05/14/2016 11:01 pm
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Valued Member
Canada
135 Posts |
As someone new to the hobby (less than 2 years), I must confess The most I've spent on a coin was a 2007 Golden Rattle silver dollar. And yes, much less than 300$. Edit: But to make 300$ net, I had to make 600$ gross ...does that count? :)
Edited by upc239
05/14/2016 11:42 pm
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Valued Member
Canada
299 Posts |
I wonder if the more one spends on a coin(s), the less it is spoken of. :)
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Pillar of the Community
 Canada
2495 Posts |
Quote:
Another reason is that there are NOT that many heavy hitter buyers of Canadian coins. If you ranked the top ten hottest countries to collect better coins from you will not find Canada on that list. This is very true Pacificoin...... I often talk about the financial crisis of 2008 as being the brick wall that the Canadian coin market hit, but it was. I was involved heavily in selling ms65 coins that ranged in price from $300 to $3000 and prior to this, I had numerous clients that would be lined up at the door for these coins. 100% of trends was the minimum these coins sold for. After 2008, everyone of these high end clients stopped immediately in their purchasing of these coins. Not ONE continued buying. Couple that with the next three years of the run up of silver from $15 to $45 where at coin shows from 2009 to 2011, everyone was buying bullion and NOT coins. Then in 2011, the precious metal market crashed and the collector got burned twice in a matter of three years. The high end collector has lost twice on their purchases and is presently sitting on the sidelines riding things out. Quite a few have thrown in the towel as in the past 5 years, we have seen many a private super high-end collections being auctioned off, flooding the already comatose market with more high end unsaleable material. I must sound gloomy folks, but the reality is this Canadian market is almost equivalent to the stamp market. Sad news indeed but this is reality. |
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Pillar of the Community
 Canada
5590 Posts |
I am a frequent ebay buyer(never a seller) and really see very little difference now from the way it way 6-7 years ago ... except dealers want more money for their common stuff. To me, I think it is almost entirely due to the "visions of sugarplums dancing in their heads" attitude that, if they get a coin certified, then it will sell. I don't like and have never trusted ANY TPG. If a dealer wants to put another $20-40 into the cost of a coin, then that's fine ... but there is no way that he should expect an $80-100 return on his TPG cost. A coin in a plastic holder is worth the same as one that is raw. I think that dealers have cut their own throats by biting off on the TPG propaganda. If you are not in a hurry to buy what you want or need, there are enough honest dealers out there who will give you a good deal. The thrill is in the HUNT, not the purchase. |
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Pillar of the Community
Canada
2845 Posts |
I realize this is veering off topic, but if I were to identify a reason Canadians circulation collectors are a vanishing breed, I hold RCM largely responsible. This is the US Mint Best Sellers list. I notice their NCLT is supportive of the hobby in general and the list reminds me of Canada in an era when collectors traditionally purchased proof sets each year to compliment their existing circulated coin collection. During that period of time I think it's fair to say collectors viewed it as a natural alignment to collect both types. The sets added current interest but didn't detract from the hobby in general. http://catalog.usmint.gov/featured/...6.1463282661This is the Canadian Best Seller list. I see it as a measuring stick -- The only coin on it that has any remote resemblance to enhancing or emphasizing circulated coin collecting is the 50c roll. Are younger people who grow up with guaranteed values, fantasy figures, paint and glass applications going to become interested in collecting plain old silver, copper or nickel coins in future times to come? I wonder, seems RCM has established expectations that will discourage that from happening. http://www.mint.ca/store/buy/best-s...ns-cat200020 |
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Pillar of the Community
710 Posts |
To add to the points above, the Canadian coin market is small with shrinking demographics. A great time to be a buyer because there are lots of collections/estates coming onto the market. And yes, once the nice weather returns then ebay activity slows waaaaaay down. Cheers! |
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Valued Member
Canada
135 Posts |
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I am a low volume/hobbyist seller as well and my best advice to you would be no auctions, especially if you have a decent amount of seller feedback. Thanks for the input thrustie. I was averaging 6 sales a day 3 weeks ago...now dropped to 1 to 2 sales /day. I know some sellers who only sell their stock a couple of weeks just before Christmas. Quote:And yes, once the nice weather returns then ebay activity slows waaaaaay down. Im realizing this in the past 2 weeks. At least its not just me. Thanks Alex Edited by upc239
05/15/2016 10:05 am
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Pillar of the Community
Australia
7096 Posts |
Quote:I realize this is veering off topic, but if I were to identify a reason Canadians circulation collectors are a vanishing breed, I hold RCM largely responsible. The Royal Australian Mint is also pumping out the "Grannybait" as well. Also the recent trend for Bullion coins being thought of as collectables isn't helping much either. Why would a new collector want an old circulation coin when they can get a brand new overpriced bullion coin with even a chunk of glass stuck to it  |
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Pillar of the Community
Canada
2845 Posts |
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"Grannybait"
 I've never heard of that terminology before! I don't think that's an accurate description of NCLT buyers today though. The mint's focus of themed and gimmicky coins is geared toward younger collectors as opposed to grannies. But I wonder, does that reference linger from the days when mints selling of non-traditional NCLT was first referred to as "giftware"? |
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Pillar of the Community
Australia
7096 Posts |
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I've never heard of that terminology before!
It is a well known terminology in the Aussie "Coin Speak" . The RAM, RCM and now the RM are producing a plethora of pretty much irrelevant coins and are bombarding the market with them. The sheer number of different coins coming out from RAM over the last 2 years have disenchanted many of the die hard decimal collectors and they have ceased collecting these because of it. |
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Replies: 53 / Views: 8,121 |
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Posted 05/14/2016 9:01 pm
