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Why Are People Paying High Prices On Ebay?

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Lylelovett666's Avatar
United States
8 Posts
 Posted 01/03/2017  9:40 pm Show Profile   Bookmark this topic Add Lylelovett666 to your friends list Get a Link to this Message Number of Subscribers
Why is it that people will pay twenty dollars for a silver round that can be bought elsewhere for say, seventeen dollars. I see stuff like this frequently & cant make any sense of it.
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Lylelovett666's Avatar
United States
8 Posts
 Posted 01/03/2017  10:15 pm  Show Profile   Bookmark this reply Add Lylelovett666 to your friends list Get a Link to this Reply
It's odd though because I'll see a lot of say five silver eagles that are readily available online for cheaper & with free shipping from a place like provident or Jim & yet they always seem to sell on ebay. I can't possibly see any point to spending the extra money.
Rest in Peace
United States
233 Posts
 Posted 01/03/2017  10:21 pm  Show Profile   Bookmark this reply Add ikeyPikey to your friends list Get a Link to this Reply
Perhaps people who are (?unreasonably) afraid of seller misdeeds might appreciate the insurance value of buying through eBay/PayPal, even if from the same seller, and at higher cost.

Cheers,

/s/ ikeyPikey
Valued Member
United States
424 Posts
 Posted 01/03/2017  10:36 pm  Show Profile   Bookmark this reply Add Oldephriam to your friends list Get a Link to this Reply
A person is smart.

People are dumb.

ebay has a lot of people shopping there all of the time.
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spru's Avatar
United States
12477 Posts
 Posted 01/03/2017  10:41 pm  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply


For a lot of people, I assume, ebay is a one-stop shop and will not bother looking into other sources that may take more searching/time to save a couple bucks.
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01/03/2017 10:44 pm
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mike9999999's Avatar
Canada
224 Posts
 Posted 01/03/2017  10:43 pm  Show Profile   Bookmark this reply Add mike9999999 to your friends list Get a Link to this Reply
Well said Oldephriam!
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Earle42's Avatar
United States
10044 Posts
 Posted 01/03/2017  11:43 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
I see the answer as trying to find out why the masses choose to do anything they do.

We humans are illogical as a whole.

The day I accepted that as fact was the day a lot of life's questions were answered. Our society has been brought up in an education system training them what to think instead of how to think. This is why the saying that common sense is uncommon is, unfortunately, true.
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westernsky's Avatar
United States
7629 Posts
 Posted 01/03/2017  11:48 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Some people that live out in the sticks or boonies have no local options to buy some stuff other than online. ebay happens to be their "online" store of choice.
Valued Member
Canada
458 Posts
 Posted 01/03/2017  11:49 pm  Show Profile   Bookmark this reply Add Bigchip22 to your friends list Get a Link to this Reply
ebay is easy for me to use to find what I need
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KenKat's Avatar
United States
4085 Posts
 Posted 01/04/2017  12:07 am  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
ebay provides a lot of buyer protections that some may feel is worth a little more.
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Lembafc's Avatar
Korea, Republic Of
489 Posts
 Posted 01/04/2017  12:27 am  Show Profile   Bookmark this reply Add Lembafc to your friends list Get a Link to this Reply
Are there any better sites to buy from the will ship to APO/FPO military mail boxes? I am in Korea and use an APO box that most won't or don't know how to ship to. I find that ebay is much easier to deal with and safer; however, I always review my BRB and actual sale prices before I buy anything on ebay.
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joeysanders627's Avatar
United States
408 Posts
 Posted 01/04/2017  02:18 am  Show Profile   Bookmark this reply Add joeysanders627 to your friends list Get a Link to this Reply
Why?

1. Security of investment: People love the return policy. It protects them. A few dollars is not their primary concern.

2. A lot of people go by name recognition and ebay is well known.
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NumisRob's Avatar
United Kingdom
17980 Posts
 Posted 01/04/2017  04:40 am  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list Get a Link to this Reply
All the money on my PayPal account is profit from selling things on ebay, some of which sold for far more than I expected. So I don't mind paying slightly over the odds for a coin on ebay from time to time, as I'm spending my own profits.
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oriole's Avatar
Canada
5248 Posts
 Posted 01/04/2017  11:22 am  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
People pay more than they could for everything, from soup to nuts.
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moxking's Avatar
United States
17900 Posts
 Posted 01/04/2017  1:10 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
You really get a better feel for the inconsistencies of prices when you check completed sales and listings.

Although all MS-65 1942-S Walking Liberty halves (as an example) are not the same, it's odd not only for sales, but for sellers, who list at $450 When the sales range is $225-$310.

You can also get super lucky when someone who hasn't checked selling prices and puts a BIN out at a huge discount of the normal selling price. That's what keeps the buyers on ebay.
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Singer's Avatar
United States
309 Posts
 Posted 01/05/2017  08:48 am  Show Profile   Bookmark this reply Add Singer to your friends list Get a Link to this Reply
What I can't understand is someone purchasing an overpriced product currently being offered by and readily available at the US Mint.
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