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 Replies: 11 / Views: 1,390 |
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Pillar of the Community
United States
1454 Posts |
I have been watching some Mercurys on ebay like I always do. Was talking to a few of the other members about graded coins. We talked about how SGS is one of the diseased grading services. This auction ended today and this is crazy ~ 1937 S MS70 SGS SILVER GRADED SLABBED Mercury dime ~ Went for $167.50 to someone with a feedback of (8). How crazy is this. Do these poor people not know what is happening to them or do they really think they are scoring big?! This is INSANE! P.S. This is one of the reasons I have not been able to get the 4 Mercury's I put up in the buy section. I am not going to pay these kinds of prices for something that didn't even have full bands! Edited by Irishraider
07/13/2006 8:31 pm
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Pillar of the Community
Canada
1152 Posts |
Graded SGS? wow some unlucky buyer...
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Pillar of the Community
 United States
1454 Posts |
I think some might say well serves them right for not knowing any better but I hate to think that way. I feel sorry for this person because they are getting ripped. I feel like e-mailing them but then what if they take it the wrong way. I could get booted from ebay, I know it isn't the best place in the world anymore, especially for coins, but I have been on there for so long now I hate to get booted for trying to help someone. Maybe I should e-mail them thusly: Hi, I want to invite you to coincommunity.com where there are lots of us who love collecting coins and perhaps you would like to stop by and learn more about the forums and information that is there. Signed, blahblahblah Does this sound like a reasonable idea instead of saying "Hey, you've been ripped off and you are about to get ripped off again (because they have another outrageous bid on another common)! You need to come to where I go to get educated about just how ripped off you are getting!" ? Edited by Irishraider
07/13/2006 10:04 pm
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Moderator
 Australia
16850 Posts |
I dunno, Irish, that might be taken as "spamming" the forum. Isn't there plenty of discussion on the ebay forums about SGS? If they complain, it might be better from ebay's point of view if you didn't point somewhere "off-site". Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Rest in Peace
United States
2684 Posts |
There reaches a point when it is impossible to protect buyers from their own worst enemies: themselves. The key, as has been said here a thousand times or more is education. But, some people just refuse to get educated for reasons known only to themselves; probably psychologists have written many books on "suckers". While we all have done it, contacting buyers/bidders in specific auctions probably isn't a good idea. Other than the ramifications by ebay of "auction interference", many buyers simply resent the idea that they might have been suckered... shooting the messenger and all that. They would rather be happy uninformed suckers than sad educated suckers. Fred |
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Pillar of the Community
United States
1454 Posts |
Thank you for the opinions. I never did contact them. These kinds of bidders are making it hard to get coins lately though. They are, like you say, uninformed or loaded with disposable cash. I only put in what I am willing to pay and that is usually Red Book value and that doesn't seem to be doing much good these days. At least I got a Franklin here recently and that helps the collection a little bit. |
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Pillar of the Community
United States
751 Posts |
quote:
Originally posted by Irishraider
I only put in what I am willing to pay and that is usually Red Book value and that doesn't seem to be doing much good these days.
If you are bidding up to Red Book prices, I would think that you would get many of the auctions you contest. Color me surprised. |
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Pillar of the Community
United States
1454 Posts |
True Mick. I guess the market is going a little crazy right now, especially on ebay? Thankfully the folks at Red Book don't get their price trends off of ebay. |
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Valued Member
United States
75 Posts |
Coins over market? What's strange about that.
You see it all the time.
Remember PT Cruisers $5000 over M.S.R.P.?
Now they are back down.
Real Estate with 3 to 5 offers all well
over the sellers starting price.
That to is checking back down.
A fool and his money are soon parted.
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Pillar of the Community
United States
7123 Posts |
Hi Irish You know the person who bought that coin is convinced that they bought an MS-70 ,, and that person will remain convinced until they try and sell it . As far as I'm concerned you are doing right on ebay , bid only what your willing to pay, and judge the grade of the coin yourself!! Rick |
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Pillar of the Community
United States
1454 Posts |
Thank you Rick. I appreciate that. I knew I picked the right site to join. I really like it here. Thank you all so much. It is so great to find people who love this hobby as much as I do.
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Pillar of the Community
United States
751 Posts |
Just an observation:
There was an old comedy routine (Carlin, maybe?) about the speed other drivers go. If someone was going faster than he, he was a "maniac". If someone was going slower, there was some other reproach. The only responsible speed to travel was his.
I see a parallel with auctions. Anyone who bids too low is trying to steal the coin or doesn't know its true value. Anyone who bids too high is a newbie or fool. Only I know what the item should sell for.
Just rememeber that in a liquid market, the prevailing price for an item (not the highest, mind you) is the correct price. If a lot of neophytes join our ranks and push up prices, it just means that the "right" price has gone up, at least for a while.
I hope I don't make too many enemies....
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Replies: 11 / Views: 1,390 |
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Posted 07/13/2006 10:02 pm
