hikerguy62's Last 20 Posts
| Ebay Coin Sale Scammers
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hikerguy62
New Member
United States
18 Posts |
 Posted 01/20/2023 1:20 pm
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| LOLOLOL That could be the case (and no, they are not in any kind of holders. They look like "plain Jane" coins). Those prices do seem "out there". |
| | Forum: US Modern Coins |
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| Ebay Coin Sale Scammers
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hikerguy62
New Member
United States
18 Posts |
Posted 01/20/2023 12:31 pm
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@Jake Coins
I agree with you 100%. My whole point to this discussion boils down to this:
Can the prices on eBay's Terapeak website be trusted when trying to decide what to sell a coin for? For example, will I realistically be able to get, say, $500 for an Eisenhower bicentennial that has sold multiple times for over $500 (as seen on Terapeak) when I see many active listing for this coin being sold for under $50. Or am I wasting my time listing for such a high price?
In the times we live in, I can easily see someone trying to artificially inflate the price of their coins by posting several at a high price, buying them themselves (or asking a friend to), then relisting them for unsuspecting people to buy at this inflated price. Never thought about this until that one eBay user messaged me, but now I can see that being an issue.
You're right. It is a free market and I'm happy to let someone pay a high price. Ultimately, like anything else, coins are worth what someone is willing to pay.
I know it's the Wild West on eBay in some cases. |
| | Forum: US Modern Coins |
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| Ebay Coin Sale Scammers
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hikerguy62
New Member
United States
18 Posts |
Posted 01/20/2023 10:38 am
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It's not a specific coin I'm questioning in this case. The best way to see what I'm talking about is to go to terapeak and paste in the following info (I'm using a bicentennial Eisenhower coin as an example):
1776 1976 eisenhower dollar -ngc -anacs -PCGS -proof -ddo -ddr -unc -uncirculated -roll -rolls -"lot of"
Scroll down a little ways and just look at a few coins that are not error coins or anything special. Now go to ebay, paste in the same string and sort by lowest first. Look at the coins there. There's nothing remarkable about either one (the dollars seen on Terapeak or eBay), yet they're MUCH higher on Terapeak (which again is showing you actual past sales).
On Terapeak, you can also sort to look at only those sold by auction or those sold with By it Now. Either way, you'll see several that have sold for several hundred dollars on Terapeak.
I guess the bottom line is, can I trust the sales on Terapeak real or not? It seems like the easy answer would be yes, but then when you see something like what @nfine noted, you have to start questioning things.
#############
Just found another example of someone that looks suspect. Similar to what someone earlier was talking about.
https://www.ebay.com/itm/125252593131
This seller has only been active on eBay since April 2022 and has 0% feedback. They're asking $5000 for an Eisenhower bicentennial coin and mark it as:
RARE "NO MINT MARK"
A quick Google search finds that this year didn't have a mint mark if minted in Philadelphia. There's no other explanation as to why the coin is rare, so I can only conclude he/she is stating it's rare due to a lack of a mint mark. If that's their justification, that's pretty dishonest in my book. |
| | Forum: US Modern Coins |
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| Ebay Coin Sale Scammers
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hikerguy62
New Member
United States
18 Posts |
Posted 01/20/2023 08:57 am
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@nfine
That doesn't look suspicious at all  That's blatantly someone trying to jack up the price.
@AverageMercEnjoy
I think what some are trying to do (as the person who contacted me alluded to) is to list and buy their own coins at a high price to artificially raise the value of the coins.
For example, if someone listed 10 Sacagawea dollars in prices ranging from $700-$1000, then turned right around and bought them, their hope is that when they post these same coins again, users (like me) will look at Terapeak and see what these coins have sold at for the last couple of years and say "this coin must be worth at least $700, so I'm willing to pay that amount". They're willing to take a hit on paying eBays's fees for those 10 coins because they're hoping to make a lot more money reselling them at those high, inflated prices. That's my best guess.
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| | Forum: US Modern Coins |
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| Ebay Coin Sale Scammers
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hikerguy62
New Member
United States
18 Posts |
Posted 01/19/2023 8:59 pm
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Well, then riddle me this. Let's take an Eisenhower bicentennial dollar dated 1776-1976. Active sales for these are as low as $3. Even the ones at $20 are no worse or better than the same coin that sold for $800-$1000 the past two years (and I'm talking all ungraded, uncertified, circulated coins).
Why would people be dropping several hundreds for a coin they can pick up for as low as $3? Something a bit odd about that.
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| | Forum: US Modern Coins |
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| Ebay Coin Sale Scammers
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hikerguy62
New Member
United States
18 Posts |
Posted 01/19/2023 7:35 pm
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I had some old coins sitting in a closet for years and since retiring last year, I decided to start digging through them and sell some on eBay. I did my research just going by past sales on eBay's Terapeak website.
Today after having posted about 8 coins the past week, someone contacted me about a coin I had posted today and asked me if the price is so high because of an error. I was honest and told him that there was no error that I was aware of and had based my price on past sales on eBay.
He wrote back telling me that "A lot of common coins with extremely high Sold prices were listed and purchased by the same person....part of a scam tactic used outside of eBay."
Is anyone aware of this? I thought I could trust Terapeak, but maybe not. It does make sense because coins I've seen with past sales in the hundreds (in the past 2 years) are currently selling for less than $50.
If this is actually going on, I'm going to have to pull my listing down because they're worth little based on active sales prices.
Is this in fact a known scam on eBay (posting many coins at a high price and having maybe a friend or accomplice buy them to jack up the price?).
** UPDATE **
I should have mentioned that this person did not try to get me to make a lower offer. He simply was wondering why I was asking so much for that particular coin. So I think he was being sincere in what he was telling me.
Thanks,
Andy |
| | Forum: US Modern Coins |
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| Is This Kennedy Half Dollar Worth Getting Graded? (1964)
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hikerguy62
New Member
United States
18 Posts |
Posted 01/09/2023 9:02 pm
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This half dollar has a really nice shine to it. I see these selling for over $1000 (ungraded) on eBay, and much more graded. Just from the pics, can anyone say yes or no to getting this coin graded?
And why do some of the eBay listings say "accented hair"? What's that all about?
*** Edited by Staff to Add Year to Title. It's very important to have in the title. ***
Thanks,
Andy
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| | Forum: US Modern Coin Grading |
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| Advice On 1965 Quarter Error
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hikerguy62
New Member
United States
18 Posts |
Posted 01/09/2023 8:01 pm
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@Cujohn, can you explain how circulation damage could have caused that "effect"? No other part of the reverse (or obverse for that matter) has any obvious damage, scraping ect., so I'm curious what could have caused this beyond a minting error. Does MD stand for mechanical doubling?
Thanks,
Andy |
| | Forum: US Modern Variety and Error Coins |
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| Advice On 1965 Quarter Error
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hikerguy62
New Member
United States
18 Posts |
Posted 01/08/2023 6:23 pm
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Hello, I'm slowly working through an old mason-jar's worth of quarters I've had for literally decades and came across this one. Notice at the top of the words STATES and "OF" that there's a "crease" in the letters (I guess more accurately it appears those letters were "smashed", leaving that indentation). Does this error increase the value of this coin?
Thanks,
Andy
*** Moved by Staff to a more appropriate forum. ***
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| | Forum: US Modern Variety and Error Coins |
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| Is It Worth Getting "State Quarters" PCGS Graded?
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hikerguy62
New Member
United States
18 Posts |
Posted 12/03/2022 12:51 pm
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First, I'm very new to the "coin world" and looking for some advice on whether to have some coins graded or not.
I inherited some coins recently and decided to start going through some of them. I have approx. 30 quarters that I'll call "state quarters" (they're from 1999-2016 and have a different design for each state).
When looking at eBay, some sell for a few hundred, but then when looking at the PCGS app, the only pricing they show are for coins in MS (mint state), PR (proof) and SP (specimen) state.
My gut tells me these probably aren't worth much since they're all loose. They look good, but they were just tossed in a bag. I know the lowest fee on the PCGS website is $17 for what they call MODERN VALUE (1965 to date). So I'd want to be pretty confident I can get at least $30 (if not more) to make it worth my time to send any of these in for grading.
Can anyone provide a little guidance on what I should do here? Is it most likely these coins are worth they're face value and I should just spend them (probably on lottery tickets lol)?
Thanks,
Andy |
| | Forum: US Modern Coins |
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