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All Forums Category: US Coins and Currency Forums Forum: US Commemoratives and Non-Circulating Coinage (NCLT) Including Grading, Varieties, and Errors

Figuring Out How Much To Pay For A Coin

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Author Replies: 3 / Views: 82Next Topic  
snitchard
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 Posted Today  1H 33M ago Show Profile   Bookmark this topic Add snitchard to your friends list Get a Link to this Message Number of Subscribers
Hello,

I just bought this 2001-P Capital Vistor's Center Proof Half Dollar. The Numismedia FMV price for this coin is $21. I did see some on ebay for $25 to $30 before shipping. When specifically buying from somewhere online (like ebay) what is a good rule oof thumb so I don't overpay?

A very long time ago a dealer at a coin show told me to go about 15% to 20% over FMV and anything over is paying too much and that advice has served me well, at least at coin shows and coin shops.

How do I apply that to online purchases? Do I include shipping in the percentage calculation? I found this coiin and after shipping I paid $16.16. The OGP was a little beat up but that's OK, the coin looks great.

Thanks,
Rich

Figuring-Out-How-Much-To-Pay-For-A-Coin
Figuring-Out-How-Much-To-Pay-For-A-Coin
Rich M. - Collector since 2008
jbuck
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 Posted Today  1H 24M ago  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Price guides are just that, guides. The real price is what you or anyone else is willing to pay. Availability is a factor, and if this was the best price based on what was available to you, then that is the price.

That being said, I believe you did well.
Coin Collector Since 1978Figuring-Out-How-Much-To-Pay-For-A-CoinAvatarFiguring-Out-How-Much-To-Pay-For-A-CoinOld AvatarFiguring-Out-How-Much-To-Pay-For-A-Coin7070Figuring-Out-How-Much-To-Pay-For-A-CoinEisenhowerFiguring-Out-How-Much-To-Pay-For-A-CoinAustraliaFiguring-Out-How-Much-To-Pay-For-A-CoinCanadaFiguring-Out-How-Much-To-Pay-For-A-CoinWorldFiguring-Out-How-Much-To-Pay-For-A-CoinCCF Members on eBayFiguring-Out-How-Much-To-Pay-For-A-CoinCCF eBay Search Engine
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snitchard
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 Posted Today  1H 21M ago  Show Profile   Bookmark this reply Add snitchard to your friends list Get a Link to this Reply
Thank You Jbuck, you're always a rockstar!!!
Rich M. - Collector since 2008
Edited by snitchard
Today 1H 20M ago
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jbuck
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 Posted Today  1H 18M ago  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
My pleasure.
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