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 Replies: 27 / Views: 3,162 |
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Pillar of the Community
Australia
7096 Posts |
ebay sellers can ask whatever they want for a coin that's entirely up to them But an inflated price usually equals NO sale. Some sellers put a high price on a coin but have a best offer option that you can "Dicker" the price with But if they are unwilling to accept a fair offer and I don't mean some lowball offer then just walk away and look elsewhere.
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Valued Member
United States
114 Posts |
Agree with joeysanders627. I don't think there's such thing as a coin's "true value". The price listings are averages of what other people have paid for coins of like grade, but there's no accounting for variations in eye appeal or individual taste. I check the Red Book and the PCGS guide whenever I consider a purchase, but it's just a ballpark figure. And ultimately if you've looked at the coins on the market and that's the one you want, you may be willing to pay more for it. If a seller is patient and his coin is better than average, he might find a buyer willing to pay a higher than average price. I've seen plenty of ridiculously priced coins, don't get me wrong, but sometimes I can understand why a seller is asking for more. |
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Pillar of the Community
United States
1313 Posts |
If you frequent ebay, just look the the small number of auctions sold. I don't know the percentage, but a majority of the auctions go unsold. |
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Rest in Peace
United States
18456 Posts |
The whole thing in a nut shell is : Coin Prices Are Not Written In Stone , no matter where you go to purchase coins . I believe the price you pay is up to each individual on how bad we need a certain coin .Price guides will give you a ballpark figure; you can take it from there . If your finding E-Bay is getting too expensive , try and get to local coin shows no matter how small they may be . If you know your stuff and not afraid to haggle ,you will walk out of there with a smile on your face .
This said ,I can understand why E-Bay sellers are in a rant over Fees causing them to raise there prices .
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Pillar of the Community
United States
1450 Posts |
Of course, there are many coins on ebay that are not available locally. I have a couple of coin shops nearby and I get pretty good deals there but their inventory is small and many coins are unobtainable. So ebay or some other auction is about the only way to get the more scarce coins in really good condition. When I go to an auction around where I live I always have to drive 20-30 miles and then find dealers who want to sell at retail. The traffic here in Tampabay area is horrible so just going 25 miles can take an hour sometimes. This is big disincentive to go to real coin shows. |
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New Member
 United States
33 Posts |
You guys are great. I appreciate all the answers that I received. I guess I was looking at the price guides as the coin bible. I know that the prices vary between guides and that the prices are just an estimate. I guess with the fluctuation in Silver lately, the cost of listing on ebay and the cost of TPG the prices are in range. I wasn't thinking about all the variables. |
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Pillar of the Community
United States
968 Posts |
I thought of a couple other minor things to add to the mix. When looking at what is available on ebay, especially buy it nows, there is a bias towards overpriced coins. Why? Because the properly priced and under priced ones sell quickly while the overpriced ones sit. Another reason to look at recent sales, not available items to determine prices. Also, based on my personal experience as a seller, when I get a new especially interesting product in for the first time I price it on the high side. I'm testing the market. If people will pay my higher price then so much the better for me. If they don't then it isn't like the product disappears if it goes unsold. I just price it lower until they start selling. Maybe that is what sellers are doing with their coins. |
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Pillar of the Community
 Canada
5397 Posts |
Sellers fees are not a real issue. ebay gives a dealer access to a world market for coins, that was never available when I had a local shop. Quite frankly a lot of buyers just want something ( not only coins) and ebay is where they go and cost is somewhat not the major consideration. We get MORE on ebay for Morgan's than at a show. Heck major shows are where we buy from wholesale dealers to SELL on ebay. |
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Pillar of the Community
United States
1450 Posts |
It is true about ebay providing a world market. Having a world market gives you access to things you could not find otherwise but it creates more competition as well which should tend to lower prices. My wife used to collect certain pottery that was very hard to find before ebay. Now it is everywhere and the prices of stuff she collected before ebay has dropped in value. I see some coins that are cheaper on ebay and some (like Morgans) that are more expensive. |
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Pillar of the Community
United States
1582 Posts |
I've found that the best "price guide" for me is the Coin Dealer's Newsletter (grey sheet, blue sheet, green sheet, etc.). It covers dealer to dealer bid/ask, and is a mite more realistic than some of the other price guides that are available. You may have to pay a little more than another dealer, but, in the long run, you'll save money. Over time, the money saved will more than pay for the subscription.
And, too, should the day arrive when you decide to sell your coin collection to a dealer, you'll get a better idea of the approximate price the dealer will pay.
One thing I've heard so many time over the years that I think its a normal part of my thought process........."A coin is only worth what someone is willing to pay for it".
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Pillar of the Community
United States
7375 Posts |
Also, Morgans are about the most "in demand" coin that there is. Normal rules don't apply, especially for toned ones.
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Pillar of the Community
United States
1450 Posts |
Yes, toned Morgans are in a world of their own.
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Replies: 27 / Views: 3,162 |
First Page
Posted 09/15/2016 07:41 am
